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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES:    
Advertising $ 190,032 $ 180,669
Sublicensing revenue 3,903 9,241
Other revenue 1,352 1,210
Total operating revenues 195,287 191,120
EXPENSES:    
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $4,111 and $7,460 for the three months ended March 31, 2012 and 2013, respectively; and exclusive of stock-based compensation expenses of $933 and $682 for the three months ended March 31, 2012 and 2013, respectively) (11,443) (11,859)
Selling, general and administrative (exclusive of depreciation and amortization of $1,046 and $1,005 for the three months ended March 31, 2012 and 2013, respectively; and exclusive of stock-based compensation expense of $1,978 and $656 for the three months ended March 31, 2012 and 2013, respectively) (40,765) (42,728)
Stock-based compensation expense (1,338) (2,911)
Programming expenses (91,092) (78,494)
Depreciation and amortization (8,465) (5,157)
Total operating expenses (153,103) (141,149)
OPERATING INCOME 42,184 49,971
FOREIGN CURRENCY GAINS (LOSSES) 546 (1,404)
INTEREST INCOME 3,316 2,129
INTEREST EXPENSE (207) (201)
OTHER NON-OPERATING (LOSS) INCOME, net (349) 229
EQUITY IN INCOME OF INVESTEE COMPANIES 203 159
Income before income tax 45,693 50,883
INCOME TAX EXPENSE (16,259) (17,271)
CONSOLIDATED NET INCOME 29,434 33,612
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (846) (990)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 28,588 $ 32,622
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.18 $ 0.21
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.18 $ 0.21
Weighted average common shares outstanding-basic (in shares) 158,160,719 157,495,591
Weighted average common shares outstanding-diluted (in shares) 158,170,789 157,805,484
Dividends declared per share (in dollars per share) $ 0.15 $ 0.13