Cablevision 2011 Annual Report Download - page 139

CSC HOLDINGS, LLC AND SUBSIDIARIES
(a wholly-owned subsidiary of Cablevision Systems Corporation)
CONSOLIDATED BALANCE SHEETS (continued)
December 31, 2011 and 2010
(Dollars in thousands, except share and per share amounts)
I-15
2011 2010
LIABILITIES AND MEMBER DEFICIENCY
Current Liabilities:
Accounts payable .................................................................................................
.
$ 455,654 $ 435,816
Accrued liabilities:
Interest ..............................................................................................................
.
102,861 104,709
Employee related costs .....................................................................................
.
240,757 260,672
Other accrued expenses ....................................................................................
.
210,432 206,330
Amounts due to affiliates .....................................................................................
.
30,065 31,200
Deferred revenue ..................................................................................................
.
61,599 52,732
Liabilities under derivative contracts ...................................................................
.
75,223 47,251
Credit facility debt ...............................................................................................
.
103,245 157,452
Collateralized indebtedness ..................................................................................
.
148,175 161,358
Capital lease obligations ......................................................................................
.
9,174 1,531
Notes payable .......................................................................................................
.
17,614 -
Senior notes .........................................................................................................
.
60,997 325,773
Liabilities distributed to sole member in 2011 .....................................................
.
- 336,491
Total current liabilities .....................................................................................
.
1,515,796 2,121,315
Defined benefit plan and other postretirement plan obligations ..............................
.
50,297 78,885
Deferred revenue .....................................................................................................
.
10,896 10,946
Liabilities under derivative contracts .......................................................................
.
3,141 179,327
Other liabilities ........................................................................................................
.
168,015 190,034
Deferred tax liability ................................................................................................
.
600,420 368,647
Credit facility debt ...................................................................................................
.
5,080,949 5,599,058
Collateralized indebtedness .....................................................................................
.
307,763 191,248
Capital lease obligations ..........................................................................................
.
33,589 29,706
Notes payable ..........................................................................................................
.
11,613 -
Senior notes and debentures ....................................................................................
.
3,218,697 3,076,732
Liabilities distributed to sole member in 2011 ........................................................
.
- 1,460,456
Total liabilities .....................................................................................................
.
11,001,176 13,306,354
Commitments and contingencies
Redeemable noncontrolling interests .......................................................................
.
13,761 14,698
Member's Deficiency:
Accumulated deficit .............................................................................................
.
(3,492,409) (3,375,506)
Senior notes due from Cablevision ......................................................................
.
(753,717) (753,717)
Other member's equity (14,432,750 membership units issued and outstanding) .
.
852,651 2,303
(3,393,475) (4,126,920)
Accumulated other comprehensive loss ...............................................................
.
(21,468) (23,325)
Total member's deficiency ...................................................................................
.
(3,414,943) (4,150,245)
Noncontrolling interest ............................................................................................
.
1,791 1,485
Total deficiency ...................................................................................................
.
(3,413,152) (4,148,760)
$ 7,601,785 $ 9,172,292
See accompanying notes to consolidated financial statements.