Cablevision 2011 Annual Report Download - page 156

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-32
presentation of reclassifications of items out of accumulated other comprehensive income (loss) as
required by ASU No. 2011-05.
Concentrations of Credit Risk
Financial instruments that may potentially subject the Company to a concentration of credit risk consist
primarily of cash and cash equivalents and trade account receivables. The Company monitors the
financial institutions and money market funds where it invests its cash and cash equivalents with
diversification among counterparties to mitigate exposure to any single financial institution. The
Company's emphasis is primarily on safety of principal and liquidity and secondarily on maximizing the
yield on its investments. The Company did not have a single customer that represented 10% or more of
its consolidated net revenues for the years ended December 31, 2011, 2010 and 2009, or 10% or more of
its consolidated net trade receivables at December 31, 2011 and 2010.
NOTE 3. SUPPLEMENTAL CASH FLOW INFORMATION
During 2011, 2010 and 2009, the Company's non-cash investing and financing activities and other
supplemental data were as follows:
Years Ended December 31,
2011 2010 2009
Non-Cash Investing and Financing Activities:
Cablevision and CSC Holdings:
Continuing Operations:
Redemption of collateralized indebtedness with related
equity derivative contracts .................................................. $ - $ 23,226 $ 78,398
Capital lease obligations ........................................................ 14,877 684 -
Intangible asset obligations .................................................... 8,501 - -
Notes payable to vendors ....................................................... 29,796 - -
Satisfaction and discharge of debt with AMC Networks
debt ..................................................................................... 1,250,000 - -
Distribution of AMC Networks (Cablevision) ....................... 1,111,159 - -
Distribution of AMC Networks (CSC Holdings) ................... 1,177,957 - -
Distribution of Madison Square Garden ................................ - 1,115,873 -
Gain on redemption of Cablevision notes held by Newsday
Holdings LLC recognized in equity (CSC Holdings) ......... - 87,090 -
Non-Cash Investing Activity of Cablevision:
Dividends payable on unvested restricted share awards ........ 4,150 4,261 3,941
Supplemental Data:
Continuing Operations:
Cash interest paid (Cablevision) ............................................ 701,486 663,853 633,308
Cash interest paid (CSC Holdings) ........................................ 523,567 495,188 533,592
Income taxes paid, net (Cablevision and CSC Holdings) ...... 29,351 31,391 15,476
Discontinued operations:
Cash interest paid (Cablevision and CSC Holdings) ............. 51,629 72,893 76,679
Income taxes paid, net (Cablevision and CSC Holdings) ...... 5,573 5,217 3,762