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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Advertising $ 74,841 $ 156,022 $ 242,135 $ 523,080
Sublicensing revenue and other revenues 2,405 2,545 6,528 6,046
Total operating revenues 77,246 158,567 248,663 529,126
EXPENSES:        
Direct operating expenses (exclusive of programming expenses, shown below; exclusive of depreciation and amortization of $5,542 and $3,094 for the three months and $18,157 and $9,677 for the nine months ended September 30,2014 and 2015, respectively; and exclusive of stock-based compensation expense (benefit) of $(11) and $(124) for the three months and $(787) and $188 for the nine months ended September 30,2014 and 2015, respectively) (7,739) (10,131) (24,203) (34,743)
Selling, general and administrative (exclusive of depreciation and amortization of $827 and $451 for the three months and $2,864 and $1,476 for the nine months ended September 30,2014 and 2015, respectively; and exclusive of stock-based compensation expense of $652 and $177 for the three months and $1,173 and $811 for the nine months ended September 30,2014 and 2015, respectively) (22,111) (33,816) (67,470) (114,376)
Stock-based compensation expense (53) (641) (999) (386)
Programming expenses (39,042) (63,350) (128,739) (227,581)
Depreciation and amortization (3,545) (6,369) (11,153) (21,021)
Total operating expenses (72,490) (114,307) (232,564) (398,107)
OPERATING INCOME 4,756 44,260 16,099 131,019
FOREIGN CURRENCY GAINS (LOSSES) 1,445 1,159 1,817 (3,546)
INTEREST INCOME 922 2,356 4,311 8,698
INTEREST EXPENSE (5) (131) (187) (395)
OTHER NON-OPERATING (LOSS) INCOME , net 71 (179) (177) (771)
EQUITY IN (LOSS) INCOME OF INVESTEE COMPANIES 8 244 (20) (425)
Income before income tax 7,197 47,709 21,843 134,580
INCOME TAX (EXPENSE) / BENEFIT 37,290 (14,724) 36,262 (41,906)
CONSOLIDATED NET INCOME 44,487 32,985 58,105 92,674
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (327) (1,390) (832) (3,202)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 44,160 $ 31,595 $ 57,273 $ 89,472
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.28 $ 0.20 $ 0.37 $ 0.57
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.28 $ 0.20 $ 0.37 $ 0.57
Weighted average common shares outstanding-basic (in shares) 156,103,854 155,762,166 155,996,870 155,742,190
Weighted average common shares outstanding-diluted (in shares) 156,103,871 156,125,495 156,109,659 155,970,240
Dividends declared per share (in dollars per share)   $ 0.18 $ 0.17 $ 0.53