Cablevision 2011 Annual Report Download - page 136

CABLEVISION SYSTEMS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2011, 2010 and 2009
(Dollars in thousands)
I-12
2011 2010 2009
Cash flows from operating activities:
Income from continuing operations ...................................... $ 238,658 $ 207,749 $ 123,832
Adjustments to reconcile income from continuing
operations to net cash provided by operating
activities:
Depreciation and amortization (including
impairments) .............................................................. 1,014,974 887,092 916,408
Non-cash restructuring expense ..................................... - - 2,129
Gain on sale of affiliate interests .................................... (683) (2,051) -
Loss (gain) on investments, net ...................................... (37,384) (109,813) 977
Loss (gain) on equity derivative contracts, net .............. (1,454) 72,044 (631)
Loss on extinguishment of debt and write-off of
deferred financing costs .............................................. 92,692 110,049 73,457
Amortization of deferred financing costs, discounts
on indebtedness and other costs ................................. 46,785 40,739 43,514
Share-based compensation expense related to equity
classified awards ........................................................ 44,877 48,434 47,143
Deferred income taxes ................................................... 157,219 95,682 95,750
Provision for doubtful accounts ..................................... 57,330 63,574 64,307
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable, trade ................................................. (57,133) (81,909) (42,581)
Other receivables ............................................................... 12,059 (8,330) 18,751
Prepaid expenses and other assets ..................................... (28,241) 9 3,975
Advances/payables to affiliates ......................................... 25,444 (934) (4,673)
Accounts payable .............................................................. (4,509) 65,886 10,489
Accrued liabilities .............................................................. (60,510) 19,577 (59,516)
Deferred revenue ............................................................... 9,500 (3,997) 6,216
Derivative contracts ........................................................... (111,895) (44,183) (52,408)
Net cash provided by operating activities ............................. 1,397,729 1,359,618 1,247,139
Cash flows from investing activities:
Capital expenditures .............................................................. (814,807) (823,245) (737,524)
Payments for acquisitions, net of cash acquired .................... (7,776) (1,356,500) 98
Proceeds from sale of equipment, net of costs of disposal .... 667 2,382 2,184
Contributions to Madison Square Garden ............................. - - (148)
Proceeds from sale of affiliate interests ................................ 750 6,990 -
Decrease in other investments ............................................... 50 133 1,131
Distributions from (contributions to) AMC Networks .......... - (99,614) 66,252
Decrease in restricted cash .................................................... - - 4,875
Additions to other intangible assets ...................................... (10,797) (2,175) (4,141)
Net cash used in investing activities .................................. (831,913) (2,272,029) (667,273)
See accompanying notes to consolidated financial statements.