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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Advertising $ 166,891 $ 157,480 $ 556,477 $ 521,542
Sublicensing and own production revenue 2,972 3,348 11,982 15,638
Other revenue 1,221 1,181 3,927 3,533
Total operating revenues 171,084 162,009 572,386 540,713
EXPENSES:        
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $4,215 and $7,066 for the three months and $12,424 and $21,860 for the nine months ended September 30, 2012 and 2013, respectively; and exclusive of stock-based compensation of $458 and $(26) for the three months and $1,270 and $1,417 for the nine months ended September 30, 2012 and 2013, respectively) (10,682) (10,220) (33,582) (33,411)
Selling, general and administrative (exclusive of depreciation and amortization of $696 and $1,084 for the three months and $2,627 and $3,113 for the nine months ended September 30, 2012 and 2013, respectively; and exclusive of stock-based compensation of $1,273 and $545 for the three months and $4,082 and $1,740 for the nine months ended September 30, 2012 and 2013, respectively) (37,808) (40,589) (122,540) (124,860)
Stock-based compensation expense (519) (1,731) (3,157) (5,352)
Programming expenses (69,738) (66,103) (252,368) (224,491)
Depreciation and amortization (8,150) (4,911) (24,973) (15,051)
Impairment loss (Note 6)   (82,503)   (82,503)
Total operating expenses (126,897) (206,057) (436,620) (485,668)
OPERATING INCOME/(LOSS) 44,187 (44,048) 135,766 55,045
FOREIGN CURRENCY GAINS (LOSSES) (49) 1,115 1,187 1,666
INTEREST INCOME 2,233 1,790 8,203 5,778
INTEREST EXPENSE (178) (231) (577) (596)
OTHER NON-OPERATING INCOME (LOSS), net (271) 370 (374) 1,216
EQUITY IN INCOME OF INVESTEE COMPANIES 385 223 840 657
Income (loss) before income tax 46,307 (40,781) 145,045 63,766
INCOME TAX (EXPENSE)/ BENEFIT (Note 9) 1,785 2,000 (33,696) (33,496)
CONSOLIDATED NET INCOME (LOSS) 48,092 (38,781) 111,349 30,270
LESS: (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (1,437) 301 (4,513) (2,082)
NET INCOME (LOSS) ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 46,655 $ (38,480) $ 106,836 $ 28,188
Net income (loss) per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.30 $ (0.24) $ 0.68 $ 0.18
Net income (loss) per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.30 $ (0.24) $ 0.68 $ 0.18
Weighted average common shares outstanding-basic (in shares) 155,986,822 158,160,719 157,286,789 157,939,820
Weighted average common shares outstanding-diluted (in shares) 156,099,208 158,160,719 157,339,072 158,295,732
Dividends declared per share (in dollars per share) $ 0.16 $ 0.13 $ 0.47 $ 0.39