XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUES:    
Advertising $ 77,356us-gaap_AdvertisingRevenue $ 184,563us-gaap_AdvertisingRevenue
Sublicensing revenue and other revenues 1,782ctcm_SublicensingOwnProductionRevenueAndOtherRevenue 1,684ctcm_SublicensingOwnProductionRevenueAndOtherRevenue
Total operating revenues 79,138us-gaap_Revenues 186,247us-gaap_Revenues
EXPENSES:    
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $6,642 and $3,052 for the three months ended March 31,2014 and 2015, respectively; and exclusive of stock-based compensation (expenses) benefit of $1,149 and $(232) for the three months ended March 31,2014 and 2015, respectively) (7,518)ctcm_DirectOperatingCostsAndExpenses (11,653)ctcm_DirectOperatingCostsAndExpenses
Selling, general and administrative (exclusive of depreciation and amortization of $1,190 and $482 for the three months ended March 31,2014 and 2015, respectively; and exclusive of stock-based compensation (expense) benefit of $358 and $(373) for the three months ended March 31,2014 and 2015, respectively) (20,063)ctcm_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAmortizationAndStockBasedCompensation (41,552)ctcm_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAmortizationAndStockBasedCompensation
Stock-based compensation (expense) benefit (605)us-gaap_AllocatedShareBasedCompensationExpense 1,507us-gaap_AllocatedShareBasedCompensationExpense
Programming expenses (42,578)ctcm_ProgrammingExpenses (78,578)ctcm_ProgrammingExpenses
Depreciation and amortization (3,534)us-gaap_DepreciationDepletionAndAmortization (7,832)us-gaap_DepreciationDepletionAndAmortization
Total operating expenses (74,298)us-gaap_CostsAndExpenses (138,108)us-gaap_CostsAndExpenses
OPERATING INCOME 4,840us-gaap_OperatingIncomeLoss 48,139us-gaap_OperatingIncomeLoss
FOREIGN CURRENCY GAINS (LOSSES) 1,120us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (3,370)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
INTEREST INCOME 1,629us-gaap_InvestmentIncomeInterest 3,278us-gaap_InvestmentIncomeInterest
INTEREST EXPENSE (80)us-gaap_InterestExpense (136)us-gaap_InterestExpense
OTHER NON-OPERATING LOSS, net (203)us-gaap_OtherNonoperatingIncomeExpense (1,058)us-gaap_OtherNonoperatingIncomeExpense
EQUITY IN INCOME (LOSS) OF INVESTEE COMPANIES 2us-gaap_IncomeLossFromEquityMethodInvestments (939)us-gaap_IncomeLossFromEquityMethodInvestments
Income before income tax 7,308us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 45,914us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX BENEFIT (EXPENSE) 1,112us-gaap_IncomeTaxExpenseBenefit (14,179)us-gaap_IncomeTaxExpenseBenefit
CONSOLIDATED NET INCOME 8,420us-gaap_ProfitLoss 31,735us-gaap_ProfitLoss
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (519)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 8,417us-gaap_NetIncomeLoss $ 31,216us-gaap_NetIncomeLoss
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.05us-gaap_EarningsPerShareBasic $ 0.20us-gaap_EarningsPerShareBasic
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.05us-gaap_EarningsPerShareDiluted $ 0.20us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding-basic (in shares) 155,782,325us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 155,710,719us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average common shares outstanding-diluted (in shares) 156,156,059us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 155,803,931us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per share (in dollars per share) $ 0.18us-gaap_CommonStockDividendsPerShareDeclared $ 0.18us-gaap_CommonStockDividendsPerShareDeclared