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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Advertising $ 89,938 $ 182,495 $ 167,294 $ 367,058
Sublicensing revenue and other revenues 2,341 1,817 4,123 3,501
Total operating revenues 92,279 184,312 171,417 370,559
EXPENSES:        
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $5,973 and $3,531 for the three months and $12,615 and $6,583 for the six months ended June 30,2014 and 2015, respectively; and exclusive of stock-based compensation expenses (benefi)t of $373 and $80 for the three months and $(776) and $312 for the six months ended June 30,2014 and 2015, respectively) (8,946) (12,959) (16,464) (24,612)
Selling, general and administrative (exclusive of depreciation and amortization of $847 and $543 for the three months and $2,037 and $1,025 for the six months ended June 30,2014 and 2015, respectively; and exclusive of stock-based compensation expense benefit of $879 and $261 for the three months and $521 and $634 for the six months ended June 30,2014 and 2015, respectively) (25,296) (39,008) (45,359) (80,560)
Stock-based compensation (expense) benefit (341) (1,252) (946) 255
Programming expenses (47,119) (85,653) (89,697) (164,231)
Depreciation and amortization (4,074) (6,820) (7,608) (14,652)
Total operating expenses (85,776) (145,692) (160,074) (283,800)
OPERATING INCOME 6,503 38,620 11,343 86,759
FOREIGN CURRENCY GAINS (LOSSES) (748) (1,335) 372 (4,705)
INTEREST INCOME 1,760 3,064 3,389 6,342
INTEREST EXPENSE (102) (128) (182) (264)
OTHER NON-OPERATING (LOSS) INCOME , net (45) 466 (248) (592)
EQUITY IN (LOSS) INCOME OF INVESTEE COMPANIES (30) 270 (28) (669)
Income before income tax 7,338 40,957 14,646 86,871
INCOME TAX EXPENSE (2,140) (13,003) (1,028) (27,182)
CONSOLIDATED NET INCOME 5,198 27,954 13,618 59,689
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (502) (1,293) (505) (1,812)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 4,696 $ 26,661 $ 13,113 $ 57,877
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.03 $ 0.17 $ 0.08 $ 0.37
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.03 $ 0.17 $ 0.08 $ 0.37
Weighted average common shares outstanding-basic (in shares) 156,100,897 155,753,120 155,942,491 155,732,037
Weighted average common shares outstanding-diluted (in shares) 156,130,447 156,068,790 155,995,307 155,942,893
Dividends declared per share (in dollars per share)   $ 0.17 $ 0.17 $ 0.35