XML 81 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net revenues $ 140,149 $ 130,988 $ 496,256 $ 437,214
Operating expenses:        
Content costs 76,582 90,555 259,435 276,465
Other operating costs 25,823 30,938 82,593 92,731
Depreciation of property, plant and equipment 8,496 8,557 26,091 27,630
Amortization of broadcast licenses and other intangibles (Note 4) 3,081 3,791 9,592 11,418
Cost of revenues 113,982 133,841 377,711 408,244
Selling, general and administrative expenses 34,465 36,888 110,294 103,467
Restructuring costs (Note 15) 342 4,192 8,628 8,890
Operating loss (8,640) (43,933) (377) (83,387)
Interest income 59 166 354 579
Interest expense (Note 16) (37,103) (23,816) (104,112) (87,002)
Loss on extinguishment of debt (Note 5) 0 0 (24,161) (23,115)
Foreign currency exchange (loss) / gain, net (6,018) 43,711 (6,410) 8,906
Change in fair value of derivatives (Note 12) 0 0 2,311 104
Other income / (expense), net 22 (232) (1,746) (657)
Loss from continuing operations before tax (51,680) (24,104) (134,141) (184,572)
(Provision) / credit for income taxes (658) 2,296 (948) 13,609
Loss from continuing operations (52,338) (21,808) (135,089) (170,963)
Loss from discontinued operations, net of tax (Note 3) (144) (1,465) (18,532) (2,361)
Net loss (52,482) (23,273) (153,621) (173,324)
Net loss attributable to noncontrolling interests 344 182 1,130 995
Net loss attributable to CME Ltd. (52,138) (23,091) (152,491) (172,329)
Currency translation adjustment (101,543) 70 (108,480) (8,874)
Comprehensive loss (154,025) (23,203) (262,101) (182,198)
Comprehensive (income) / loss attributable to noncontrolling interests (240) 339 485 1,103
Comprehensive loss attributable to CME Ltd. $ (154,265) $ (22,864) $ (261,616) $ (181,095)
Net (loss) / income per share:        
Continuing operations attributable to CME Ltd. - Basic $ (0.38) $ (0.17) $ (1.00) $ (1.46)
Continuing operations attributable to CME Ltd. - Diluted $ (0.38) $ (0.17) $ (1.00) $ (1.46)
Discontinued operations attributable to CME Ltd. - Basic $ 0.00 $ (0.01) $ (0.12) $ (0.02)
Discontinued operations attributable to CME Ltd. - Diluted $ 0.00 $ (0.01) $ (0.12) $ (0.02)
Net loss attributable to CME Ltd. – Basic $ (0.38) $ (0.18) $ (1.12) $ (1.48)
Net loss attributable to CME Ltd. – Diluted $ (0.38) $ (0.18) $ (1.12) $ (1.48)
Weighted average common shares used in computing per share amounts (000’s):        
Basic (in shares) 146,610 [1] 145,695 [1] 146,477 [1] 118,944 [1]
Diluted (in shares) 146,610 145,695 146,477 118,944
[1] For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, primarily because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of common stock.