Quarterly Results Of Operations

12 Months Ended

Dec. 31, 2011

Quarterly Results Of Operations [Abstract]

NOTE 14 – QUARTERLY RESULTS OF OPERATIONS (Unaudited)

(In thousands, except per share data)

		$0,000,000,00		$0,000,000,00		$0,000,000,00		$0,000,000,00		$0,000,000,00		$0,000,000,00		$0,000,000,00		$0,000,000,00
	Three Months Ended March 31,				Three Months Ended June 30,				Three Months Ended September 30,				Three Months Ended December 31,
	2011		2010		2011		2010		2011		2010		2011		2010
Revenue	$	1,320,826	$	1,263,778	$	1,604,386	$	1,490,009	$	1,583,352	$	1,477,347	$	1,652,788	$	1,634,551
Operating expenses:
Direct operating expenses		584,069		584,213		630,015		584,852		654,163		583,301		635,789		629,281
Selling, general and administrative expenses		372,710		362,430		420,436		392,701		402,160		378,794		421,952		436,287
Corporate expenses		52,347		64,496		56,486		64,109		54,247		80,518		64,016		74,919
Depreciation and amortization		183,711		181,334		189,641		184,178		197,532		184,079		192,422		183,278
Impairment charges		—		—		—		—		—		—		7,614		15,364
Other operating income (expense) – net		16,714		3,772		3,229		3,264		(6,490)		(29,559)		(771)		5,813

Operating income		144,703		75,077		311,037		267,433		268,760		221,096		330,224		301,235
Interest expense		369,666		385,795		358,950		385,579		369,233		389,197		368,397		372,770
Loss on marketable securities		—		—		—		—		—		—		(4,827)		(6,490)
Equity in earnings (loss) of nonconsolidated affiliates		2,975		1,871		5,271		3,747		5,210		2,994		13,502		(2,910)
Other income (expense) – net		(2,036)		58,035		(4,517)		(787)		7,307		(5,700)		(5,370)		(5,093)

Loss before income taxes		(224,024)		(250,812)		(47,159)		(115,186)		(87,956)		(170,807)		(34,868)		(86,028)
Income tax benefit		92,661		71,185		9,184		37,979		20,665		20,415		3,468		30,401

Consolidated net loss		(131,363)		(179,627)		(37,975)		(77,207)		(67,291)		(150,392)		(31,400)		(55,627)
Less amount attributable to noncontrolling interest		469		(4,213)		15,204		9,117		6,765		4,293		11,627		7,039

Net loss attributable to the Company	$	(131,832)	$	(175,414)	$	(53,179)	$	(86,324)	$	(74,056)	$	(154,685)	$	(43,027)	$	(62,666)

Net loss attributable to the Company per common share:
Basic:	$	(1.62)	$	(2.17)	$	(0.65)	$	(1.06)	$	(0.91)	$	(1.91)	$	(0.53)	$	(0.80)
Diluted:	$	(1.62)	$	(2.17)	$	(0.65)	$	(1.06)	$	(0.91)	$	(1.91)	$	(0.53)	$	(0.80)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details