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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Advertising $ 199,554 $ 183,393 $ 389,586 $ 364,062
Sublicensing and own production revenue 5,107 3,049 9,010 12,290
Other revenue 1,354 1,142 2,706 2,352
Total operating revenues 206,015 187,584 401,302 378,704
EXPENSES:        
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $4,098 and $7,334 for the three months and $8,209 and $14,794 for the six months ended June 30, 2012 and 2013, respectively; and exclusive of stock-based compensation of $(121) and $761 for the three months and $812 and $1,443 for the six months ended June 30, 2012 and 2013, respectively) (11,457) (11,332) (22,900) (23,191)
Selling, general and administrative (exclusive of depreciation and amortization of $885 and $1,024 for the three months and $1,931 and $ 2,029 for the six months ended June 30, 2012 and 2013, respectively; and exclusive of stock-based compensation of $831 and $539 for the three months and $2,809 and $1,195 for the six months ended June 30, 2012 and 2013, respectively) (43,967) (41,543) (84,732) (84,271)
Stock-based compensation expense (1,300) (710) (2,638) (3,621)
Programming expenses (91,538) (79,894) (182,630) (158,388)
Depreciation and amortization (8,358) (4,983) (16,823) (10,140)
Total operating expenses (156,620) (138,462) (309,723) (279,611)
OPERATING INCOME 49,395 49,122 91,579 99,093
FOREIGN CURRENCY GAINS 690 1,955 1,236 551
INTEREST INCOME 2,654 1,859 5,970 3,988
INTEREST EXPENSE (192) (164) (399) (365)
OTHER NON-OPERATING INCOME (LOSS), net 246 617 (103) 846
EQUITY IN INCOME OF INVESTEE COMPANIES 252 275 455 434
Income before income tax 53,045 53,664 98,738 104,547
INCOME TAX EXPENSE (19,222) (18,225) (35,481) (35,496)
CONSOLIDATED NET INCOME 33,823 35,439 63,257 69,051
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (2,230) (1,393) (3,076) (2,383)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 31,593 $ 34,046 $ 60,181 $ 66,668
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.20 $ 0.22 $ 0.38 $ 0.42
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.20 $ 0.22 $ 0.38 $ 0.42
Weighted average common shares outstanding-basic (in shares) 157,763,709 158,160,719 157,957,669 157,648,016
Weighted average common shares outstanding-diluted (in shares) 157,849,341 158,160,719 157,989,322 157,880,218
Dividends declared per share (in dollars per share) $ 0.16 $ 0.13 $ 0.31 $ 0.26