Cablevision 2011 Annual Report Download - page 67

(61)
achieved for awards due to be paid in 2014. Accordingly, in 2011, the related accruals were reversed or
substantially reduced.
Depreciation and amortization (including impairments) for the year ended December 31, 2011 increased
$9,264 (15%) as compared to the prior year. The net increase is primarily due to depreciation of new
asset purchases and an increase in impairment charges recorded at Newsday ($12,724 in 2011 and $7,800
in 2010), partially offset by decreases in depreciation due to certain assets becoming fully depreciated.
Adjusted operating cash flow deficit decreased $6,840 (3%) for the year ended December 31, 2011 as
compared to 2010 (including Newsday's AOCF of $7,237 in 2011 compared to AOCF of $19,349 in
2010). The increase for the twelve month period was due primarily to decreases in revenues, net, partially
offset by decreases in operating expenses excluding depreciation and amortization and share-based
compensation, as discussed above.
Comparison of Consolidated Year Ended December 31, 2010 Versus Year Ended December 31,
2009
Consolidated Results – Cablevision Systems Corporation
Revenues, net for the year ended December 31, 2010 increased $277,501 (5%) as compared to revenues,
net for the prior year. The net increase is attributable to the following:
Increase in revenues of the Telecommunications Services segment ..................................................... $304,022
Decrease in revenues of the Other segment ........................................................................................... (28,291)
Inter-segment eliminations .................................................................................................................... 1,770
$277,501
Technical and operating expenses (excluding depreciation, amortization and impairments) include
primarily:
• cable programming costs which are costs paid to programmers, net of amortization of any
launch support received, for cable content and are generally paid on a per-subscriber basis;
• network management and field service costs which represent costs associated with the
maintenance of our broadband network, including costs of certain customer connections;
• interconnection, call completion and circuit fees relating to our telephone and VoIP businesses
which represent the transport and termination of calls with other telecommunications carriers;
and
• publication production and distribution costs of our Newsday business.
Technical and operating expenses (excluding depreciation, amortization and impairments) in 2010
increased $130,904 (5%) as compared to 2009. The net increase is attributable to the following:
Increase in expenses of the Telecommunications Services segment ..................................................... $134,460
Decrease in expenses of the Other segment ........................................................................................... (3,688)
Inter-segment eliminations .................................................................................................................... 132
$130,904
As a percentage of revenues, technical and operating expenses remained constant 2010 as compared to
2009.