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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Advertising $ 182,495 $ 199,554 $ 367,058 $ 389,586
Sublicensing revenue and other revenues 1,817 6,461 3,501 11,716
Total operating revenues 184,312 206,015 370,559 401,302
EXPENSES:        
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $7,334 and $5,973 for the three months and $14,794 and $12,615 for the six months ended June 30, 2013 and 2014, respectively; and exclusive of stock-based compensation expense (benefit) of $761and $373 for the three months and $1,443 and $(776) for the six months ended June 30, 2013 and 2014, respectively) (12,959) (11,457) (24,612) (22,900)
Selling, general and administrative (exclusive of depreciation and amortization of $1,024 and $847 for the three months and $2,029 and $2,037 for the six months ended June 30, 2013 and 2014, respectively; and exclusive of stock-based compensation expense of $539 and $879 for the three months and $1,195 and $521 for the six months ended June 30, 2013 and 2014, respectively) (39,008) (43,967) (80,560) (84,732)
Stock based compensation benefit (expense) (1,252) (1,300) 255 (2,638)
Programming expenses (85,653) (91,538) (164,231) (182,630)
Depreciation and amortization (6,820) (8,358) (14,652) (16,823)
Total operating expenses (145,692) (156,620) (283,800) (309,723)
OPERATING INCOME 38,620 49,395 86,759 91,579
FOREIGN CURRENCY (LOSS) GAIN (1,335) 690 (4,705) 1,236
INTEREST INCOME 3,064 2,654 6,342 5,970
INTEREST EXPENSE (128) (192) (264) (399)
OTHER NON OPERATING (LOSS) INCOME, net 466 246 (592) (103)
EQUITY IN (LOSS) INCOME OF INVESTEE COMPANIES 270 252 (669) 455
Income before income tax 40,957 53,045 86,871 98,738
INCOME TAX EXPENSE (13,003) (19,222) (27,182) (35,481)
CONSOLIDATED NET INCOME 27,954 33,823 59,689 63,257
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (1,293) (2,230) (1,812) (3,076)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 26,661 $ 31,593 $ 57,877 $ 60,181
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.17 $ 0.20 $ 0.37 $ 0.38
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.17 $ 0.20 $ 0.37 $ 0.38
Weighted average common shares outstanding-basic (in shares) 155,753,120 157,763,709 155,732,037 157,957,669
Weighted average common shares outstanding-diluted (in shares) 156,068,790 157,849,341 155,942,893 157,989,322
Dividends declared per share (in dollars per share) $ 0.17 $ 0.16 $ 0.35 $ 0.31