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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 58,105 $ 92,674
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred tax expense (benefit) (45,384) 11,631
Depreciation and amortization 11,153 21,021
Programming expenses 128,739 227,581
Stock based compensation expense 999 386
Equity in loss of unconsolidated investees 20 425
Foreign currency losses (gains) (1,817) 3,546
Changes in provision for tax contingencies (3,309) (1,084)
Changes in provision for doubtful accounts 1,546 207
Changes in operating assets and liabilities:    
Trade accounts receivable 6,328 12,775
Prepayments (4,131) (6,799)
Other assets 2,792 (8,779)
Accounts payable and accrued liabilities 3,469 (9,178)
Deferred revenue 1,111 (1,190)
Other liabilities (10,860) (15,057)
Payments for multiplex (1,756)  
Acquisition of programming and sublicensing rights (146,070) (273,182)
Net cash provided by operating activities 935 54,977
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment and intangible assets (3,428) (3,793)
Proceeds from sale of property and equipment 704  
Receipts from deposits, net 85,574 36,936
Net cash provided by investing activities 82,850 33,143
CASH FLOWS FROM FINANCING ACTIVITIES:    
Settlement of loan (1,242) (628)
Increase in other non-current assets (Note 4) (6,921) (20,763)
Dividends paid to stockholders (20,350) (61,003)
Dividends paid to non-controlling interest (1,922) (4,591)
Net cash used in financing activities (30,435) (86,985)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (7,147) (1,872)
Net increase in cash and cash equivalents 46,203 (737)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,836 30,574
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 84,039 $ 29,837