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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Advertising (Note 2) $ 806,499 $ 775,806 $ 747,451
Sublicensing and other revenues (including revenue from related parties of $265, $514 and $719 in 2011, 2012 and 2013, respectively) 25,604 29,140 18,909
Total operating revenues 832,103 804,946 766,360
EXPENSES:      
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $13,201, $20,393 and $29,024 in 2011, 2012 and 2013, respectively; and exclusive of stock-based compensation expense of $6,242, $763 and $846 in 2011, 2012 and 2013, respectively) (46,658) (45,357) (43,684)
Selling, general and administrative (exclusive of depreciation and amortization $4,448, $3,625 and $4,092 in 2011, 2012 and 2013, respectively; exclusive of stock-based compensation expense of $12,076, $4,016 and $988 in 2011, 2012 and 2013, respectively) (174,224) (181,266) (165,176)
Stock-based compensation expense (1,834) (4,779) (18,318)
Programming expenses (338,703) (317,136) (292,466)
Depreciation and amortization (33,116) (24,018) (17,649)
Impairment loss (Notes 2 and 10) (29,869) (82,503) (106,382)
Total operating expenses (624,404) (655,059) (643,675)
OPERATING INCOME 207,699 149,887 122,685
FOREIGN CURRENCY GAINS 1,658 1,762 2,034
INTEREST INCOME (including interest income from related parties of $1,629, nil and nil in 2011, 2012 and 2013, respectively) 11,615 9,522 7,222
INTEREST EXPENSE (including interest expense from related parties of $109, nil and nil in 2011, 2012 and 2013, respectively (768) (749) (542)
OTHER NON-OPERATING INCOME, net 26 2,852 4,667
EQUITY IN INCOME OF INVESTEE COMPANIES 1,266 1,415 853
Income before income tax 221,496 164,689 136,919
INCOME TAX EXPENSE (61,335) (64,873) (76,403)
CONSOLIDATED NET INCOME 160,161 99,816 60,516
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (7,821) (6,753) (7,398)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 152,340 $ 93,063 $ 53,118
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.97 $ 0.59 $ 0.34
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.97 $ 0.59 $ 0.34
Weighted average common shares outstanding-basic (in shares) 156,889,533 157,995,346 157,224,782
Weighted average common shares outstanding-diluted (in shares) 156,932,452 158,062,250 158,011,659
Dividends declared per share (in dollars per share) $ 0.63 $ 0.52 $ 0.82