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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES:    
Advertising $ 184,563 $ 190,032
Sublicensing revenue and other revenues 1,684 5,255
Total operating revenues 186,247 195,287
EXPENSES:    
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $7,460 and $6,642 for the three months ended March 31, 2013 and 2014, respectively; and exclusive of stock-based compensation (expenses) benefit of $(682) and $1,149 for the three months ended March 31, 2013 and 2014, respectively) (11,653) (11,443)
Selling, general and administrative (exclusive of depreciation and amortization of $1,005 and $1,190 for the three months ended March 31, 2013 and 2014, respectively; and exclusive of stock-based compensation (expense) benefit of $(656) and $358 for the three months ended March 31, 2013 and 2014, respectively) (41,552) (40,765)
Stock-based compensation (expense)/benefit 1,507 (1,338)
Programming expenses (78,578) (91,092)
Depreciation and amortization (7,832) (8,465)
Total operating expenses (138,108) (153,103)
OPERATING INCOME 48,139 42,184
FOREIGN CURRENCY GAINS (LOSSES) (3,370) 546
INTEREST INCOME 3,278 3,316
INTEREST EXPENSE (136) (207)
OTHER NON-OPERATING LOSS, net (1,058) (349)
EQUITY IN INCOME (LOSS) OF INVESTEE COMPANIES (939) 203
Income before income tax 45,914 45,693
INCOME TAX EXPENSE (14,179) (16,259)
CONSOLIDATED NET INCOME 31,735 29,434
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (519) (846)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 31,216 $ 28,588
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.20 $ 0.18
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.20 $ 0.18
Weighted average common shares outstanding-basic (in shares) 155,710,719 158,160,719
Weighted average common shares outstanding-diluted (in shares) 155,803,931 158,170,789
Dividends declared per share (in dollars per share) $ 0.18 $ 0.15