XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Advertising (Note 2) $ 775,806 $ 747,451 $ 562,102
Sublicensing revenue 23,706 15,836 37,931
Other revenue 5,434 3,073 1,252
Total operating revenues 804,946 766,360 601,285
EXPENSES:      
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $11,502, $13,201 and $20,393 in 2010, 2011 and 2012, respectively; and exclusive of stock-based compensation expense of $10,586, $6,242 and $763 in 2010, 2011 and 2012, respectively) (45,357) (43,684) (37,547)
Selling, general and administrative (exclusive of depreciation and amortization $2,234, $4,448 and $3,625 in 2010, 2011 and 2012, respectively; exclusive of stock-based compensation expense of $23,419, $12,076 and $4,016 in 2010, 2011 and 2012, respectively) (181,266) (165,176) (69,849)
Stock-based compensation expense (4,779) (18,318) (34,005)
Programming expenses (317,136) (292,466) (239,030)
Depreciation and amortization (24,018) (17,649) (13,736)
Impairment loss (Notes 2 and 10) (82,503) (106,382)  
Total operating expenses (655,059) (643,675) (394,167)
OPERATING INCOME 149,887 122,685 207,118
FOREIGN CURRENCY GAINS 1,762 2,034 1,820
INTEREST INCOME 9,522 7,222 6,018
INTEREST EXPENSE (749) (542) (1,169)
OTHER NON-OPERATING INCOME, net 2,852 4,667 2,789
EQUITY IN INCOME OF INVESTEE COMPANIES 1,415 853 490
Income before income tax 164,689 136,919 217,066
INCOME TAX EXPENSE (64,873) (76,403) (66,034)
CONSOLIDATED NET INCOME 99,816 60,516 151,032
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (6,753) (7,398) (5,301)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 93,063 $ 53,118 $ 145,731
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.59 $ 0.34 $ 0.94
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.59 $ 0.34 $ 0.93
Weighted average common shares outstanding-basic (in shares) 157,995,346 157,224,782 155,576,658
Weighted average common shares outstanding-diluted (in shares) 158,062,250 158,011,659 156,092,038
Dividends declared per share (in dollars per share) $ 0.52 $ 0.82 $ 0.51