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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 13,618 $ 59,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred tax expense (benefit) (2,125) 3,631
Depreciation and amortization 7,608 14,652
Programming expenses 89,697 164,231
Stock based compensation (benefit) expense 946 (255)
Equity in loss of unconsolidated investees 28 669
Foreign currency losses (gains) (372) 4,705
Changes in provision for tax contingencies (2,730) (803)
Changes in provision for doubtful accounts 813  
Changes in operating assets and liabilities:    
Trade accounts receivable 9,722 5,880
Prepayments (1,695) (690)
Other assets 218 (397)
Accounts payable and accrued liabilities (48) (4,026)
Deferred revenue (3,360) 1,460
Other liabilities (11,183) (14,731)
Payments for multiplex (1,195)  
Acquisition of programming and sublicensing rights (104,594) (184,029)
Net cash provided by/(used in) operating activities (4,652) 49,986
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment and intangible assets (1,965) (2,183)
Proceeds from sale of property and equipment 704  
Receipts from deposits, net 53,982 22,914
Net cash provided by investing activities 52,721 20,731
CASH FLOWS FROM FINANCING ACTIVITIES:    
Settlement of loan (743) (531)
Increase in other non-current assets (Note 4) (6,921) (13,842)
Dividends paid to stockholders (20,350) (40,665)
Dividends paid to non-controlling interest (1,547) (3,461)
Net cash used in financing activities (29,561) (58,499)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (2,571) 499
Net increase in cash and cash equivalents 15,937 12,717
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,836 30,574
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 53,773 $ 43,291