Also here is bookmarklet version of the script:
javascript:(function(){function%20makeTimeline(time)%7Bvar%20string%2Ctime_array%3D%5B%5D%2Cmilliseconds%3DMath.round(time%251*1000).toString()%3Bwhile(3%3Emilliseconds.length)%7Bmilliseconds%3D'0'%2Bmilliseconds%3B%7Dtime_array.push(Math.floor(time%2F(60*60)))%3Btime_array.push(Math.floor((time-(time_array%5B0%5D*60*60))%2F60))%3Btime_array.push(Math.floor(time-((time_array%5B1%5D*60)%2B(time_array%5B0%5D*60*60))))%3Bfor(var%20i%3D0%2Cil%3Dtime_array.length%3Bi%3Cil%3Bi%2B%2B)%7Bstring%3D''%2Btime_array%5Bi%5D%3Bif(1%3D%3D%3Dstring.length)%7Btime_array%5Bi%5D%3D'0'%2Bstring%3B%7D%7Dreturn%20time_array.join('%3A')%2B'%2C'%2Bmilliseconds%3B%7D%3Bfunction%20returnSRT(data)%7Bvar%20caption%2Cprevious_start%2Cstart%2Cend%2Ctemp%2Ccaptions%3Ddata.getElementsByTagName('text')%2Csrt_output%3D''%3Bfor(var%20i%3D0%2Cil%3Dcaptions.length%3Bi%3Cil%3Bi%2B%2B)%7Bcaption%3Dcaptions%5Bi%5D%3Bstart%3D%2Bcaption.getAttribute('start')%3Bif(0%3C%3Dprevious_start)%7Btemp%3Dcaptions%5Bi-1%5D.textContent.replace(%2F%3C%2Fg%2C'%26lt%3B').replace(%2F%3E%2Fg%2C'%26gt%3B')%3Bsrt_output%2B%3Di%2B'%5Cn'%2BmakeTimeline(previous_start)%2B'%20--%3E%20'%2BmakeTimeline(start)%2B'%5Cn'%2Btemp%2B'%5Cn%5Cn'%3Bprevious_start%3D-1%3B%7Dif(end%3D%2Bcaption.getAttribute('dur'))end%3Dstart%2Bend%3Belse%7Bif(captions%5Bi%2B1%5D)%7Bprevious_start%3Dstart%3Bcontinue%3B%7D%7Dtemp%3Dcaption.textContent.replace(%2F%3C%2Fg%2C'%26lt%3B').replace(%2F%3E%2Fg%2C'%26gt%3B')%3Bsrt_output%2B%3Di%2B'%5Cn'%2BmakeTimeline(start)%2B'%20--%3E%20'%2BmakeTimeline(end)%2B'%5Cn'%2Btemp%2B'%5Cn%5Cn'%3B%7D%3Breturn%20srt_output%3B%7Dwindow.location.href%3D'data%3Atext%2Fplain%3Bbase64%2C'%2Bbtoa(returnSRT(document.documentElement))})();