Cablevision 2011 Annual Report Download - page 43

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(37)
CSC Holdings, LLC
Years Ended December 31,
2011 2010(1) 2009 2008 2007
(Dollars in thousands)
Revenues, net ..................................................................................................... $6,700,848 $6,177,575 $5,900,074 $5,480,799 $4,863,199
Operating expenses:
Technical and operating (excluding depreciation, amortization and
impairments shown below) ......................................................................... 2,968,540 2,663,748 2,532,844 2,391,392 2,109,275
Selling, general and administrative................................................................. 1,482,344 1,440,731 1,389,525 1,253,863 1,139,715
Restructuring expense (credits) ...................................................................... 6,311 (58) 5,583 3,049 1,692
Depreciation and amortization (including impairments) ................................ 1,014,974 887,092 916,408 1,333,101 974,146
Operating income ............................................................................................... 1,228,679 1,186,062 1,055,714 499,394 638,371
Other income (expense):
Interest expense, net ....................................................................................... (503,124) (470,338) (493,672) (536,287) (667,464)
Equity in net income of affiliates ................................................................... - - - - 4,467
Gain on sale of affiliate interests .................................................................... 683 2,051 - - 183,286
Gain (loss) on investments, net ....................................................................... 37,384 109,813 (977) (33,176) (211,535)
Gain (loss) on equity derivative contracts, net ................................................ 1,454 (72,044) 631 51,772 190,529
Loss on interest rate swap contracts, net ......................................................... (7,973) (85,013) (75,631) (202,840) (76,568)
Loss on extinguishment of debt and write-off of deferred financing costs ..... (92,692) - (72,870) - -
Miscellaneous, net .......................................................................................... 1,265 1,433 543 881 (504)
Income (loss) from continuing operations before income taxes ......................... 665,676 671,964 413,738 (220,256) 60,582
Income tax benefit (expense) .......................................................................... (292,598) (250,886) (184,255) 54,273 (61,134)
Income (loss) from continuing operations .......................................................... 373,078 421,078 229,483 (165,983) (552)
Income from discontinued operations, net of income taxes ................................ 53,623 153,848 161,467 21,600 294,372
Income (loss) before cumulative effect of a change in accounting principle ...... 426,701 574,926 390,950 (144,383) 293,820
Cumulative effect of a change in accounting principle, net of income taxes ...... - - - - (443)
Net income (loss) ............................................................................................... 426,701 574,926 390,950 (144,383) 293,377
Net loss (income) attributable to noncontrolling interests .................................. (424) (649) 273 8,108 321
Net income (loss) attributable to CSC Holdings, LLC's sole member ................ $ 426,277 $ 574,277 $ 391,223 $ (136,275) $ 293,698
Amounts attributable to CSC Holdings, LLC's sole member:
Income (loss) from continuing operations, net of income taxes ................... $ 372,654 $ 420,429 $ 229,756 $ (157,875) $ (231)
Income from discontinued operations, net of income taxes .......................... 53,623 153,848 161,467 21,600 294,372
Cumulative effect of a change in accounting principle, net of income
taxes.......................................................................................................... - - - - (443)
Net income (loss).......................................................................................... $ 426,277 $ 574,277 $ 391,223 $ (136,275) $ 293,698
______________
(1) Amounts include the operating results of Bresnan Cable from the date of acquisition on December 14, 2010.