Cablevision 2011 Annual Report Download - page 205

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-81
Aggregate amounts due from and due to AMC Networks, Madison Square Garden and other affiliates at
December 31, 2011 and 2010 are summarized below:
Cablevision December 31,
2011 2010
Amounts due from affiliates .................................................................................... $ 6,818 $25,127
Amounts due to affiliates ........................................................................................ 32,682 31,517
CSC Holdings December 31,
2011 2010
Amounts due from affiliates (principally Cablevision) ........................................... $503,576 $515,698
Amounts due to affiliates ........................................................................................ 30,065 31,200
NOTE 18. COMMITMENTS AND CONTINGENCIES
Commitments
Future cash payments and commitments required under arrangements pursuant to contracts entered into by
the Company in the normal course of business as of December 31, 2011 are as follows:
Payments Due by Period
Total Year 1 Years 2-3 Years 4-5
More than
5 years
Off balance sheet
arrangements:
Purchase
obligations(1) .............
.
$4,781,546 $1,486,257 $1,728,672 $857,002 $709,615
Guarantees(2) .................
.
26,151 22,685 3,466 - -
Letters of credit(3) .........
.
60,948 7,087 1,711 52,150 -
Total ...........................
.
$4,868,645 $1,516,029 $1,733,849 $909,152 $709,615
______________
(1) Purchase obligations primarily include contractual commitments with various programming vendors to provide
video services to the Company's subscribers, minimum purchase obligations to purchase goods or services and
contractual obligations under certain employment contracts. Future fees payable under contracts with
programming vendors are based on numerous factors, including the number of subscribers receiving the
programming. Amounts reflected above related to programming agreements are based on the number of
subscribers receiving the programming as of December 2011 multiplied by the per subscriber rates or the stated
annual fee, as applicable, contained in the executed agreements in effect as of December 31, 2011.
(2) Includes franchise and performance surety bonds primarily for the Company's Telecommunications Services
segment. Also includes outstanding guarantees primarily by CSC Holdings in favor of certain financial institutions
in respect of ongoing interest expense obligations and potential early termination events in connection with the
monetization of the Company's holdings of shares of Comcast Corporation common stock. Does not include CSC
Holdings' guarantee of Newsday LLC's obligations under its $650,000 senior secured loan facility. Amounts due
by period for this off-balance sheet arrangement represent the year in which the commitment expires.
(3) Consists primarily of letters of credit obtained by CSC Holdings in favor of insurance providers and certain
governmental authorities for the Telecommunications Services segment. Amounts due by period for this off-
balance sheet arrangement represent the year in which the commitment expires.
At any time after the thirteenth anniversary of the closing of the Newsday acquisition and on or prior to
the date that is six months after such anniversary, Tribune Company will have the right to require CSC
Holdings to purchase Tribune Company's entire interest in Newsday Holdings LLC at the fair value of the
interest at that time. The table above does not include any future payments that would be required upon
the exercise of this put right.