XML 34 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 92,674 $ 111,349
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred tax expense 11,631 1,378
Depreciation and amortization 21,021 24,973
Programming expenses 227,581 252,368
Stock based compensation expense 386 3,157
Equity in loss (income) of unconsolidated investees 425 (840)
Foreign currency losses (gains) 3,546 (1,187)
Changes in operating assets and liabilities:    
Trade accounts receivable 12,982 (7,903)
Prepayments (6,799) 957
Other assets (8,779) (5,819)
Accounts payable and accrued liabilities (9,178) (4,513)
Deferred revenue (1,190) (914)
Other liabilities (16,913) (26,721)
Dividends received from equity investees 772 707
Acquisition of programming and sublicensing rights (273,182) (282,487)
Net cash provided by operating activities 54,977 64,505
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment and intangible assets (3,793) (3,548)
Acquisitions of businesses, net of cash acquired   (461)
Receipts from deposits 36,936 26,219
Net cash provided by investing activities 33,143 22,210
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock   (29,727)
Proceeds from exercise of stock options   454
Settlements of overdraft and loans (628) (3,587)
Increase in other non-current assets (Note 4) (20,763)  
Dividends paid to stockholders (61,003) (73,854)
Dividends paid to noncontrolling interest (4,591) (4,795)
Net cash used in financing activities (86,985) (111,509)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1,872) (2,613)
Net decrease in cash and cash equivalents (737) (27,407)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 30,574 55,181
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 29,837 $ 27,774