Cablevision 2011 Annual Report Download - page 144

CSC HOLDINGS, LLC AND SUBSIDIARIES
(a wholly-owned subsidiary of Cablevision Systems Corporation)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2011, 2010 and 2009
(Dollars in thousands)
I-20
2011 2010 2009
Cash flows from operating activities:
Income from continuing operations ...................................... $ 373,078 $ 421,078 $ 229,483
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 - 72,870
Amortization of deferred financing costs, discounts
on indebtedness and other costs ................................. 41,186 35,324 39,593
Accretion of discount on Cablevision senior notes
held by Newsday ........................................................ - (3,131) (7,836)
Share-based compensation expense related to equity
classified awards ........................................................ 44,877 48,434 47,143
Deferred income taxes ................................................... 253,404 223,895 163,293
Provision for doubtful accounts ..................................... 57,330 63,574 64,307
Excess tax benefit on share-based awards ..................... (11,196) - -
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable, trade ................................................. (57,133) (81,909) (42,581)
Other receivables ............................................................... 13,683 (8,127) 18,734
Prepaid expenses and other assets ..................................... (28,241) 4,460 3,975
Advances/payables to affiliates ......................................... 16,957 21,459 (2,375)
Accounts payable .............................................................. (4,509) 65,886 10,489
Accrued liabilities .............................................................. (49,469) 17,972 (72,711)
Deferred revenue ............................................................... 9,500 (3,997) 6,216
Derivative contracts ........................................................... (111,895) (44,183) (52,408)
Net cash provided by operating activities ............................. 1,615,717 1,608,007 1,397,075
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.