Cablevision 2011 Annual Report Download - page 92

(86)
Contractual Obligations and Off Balance Sheet Commitments
The Company's contractual obligations to affiliates and non-affiliates as of December 31, 2011, which consist
primarily of our debt obligations and the effect such obligations are expected to have on our liquidity and cash
flow in future periods, are summarized in the following table:
Payments Due by Period
Total
Year
1
Years
2-3
Years
4-5
More than
5 years Other
Off balance sheet
arrangements:
Purchase
obligations(1) .......... $ 4,781,546 $1,486,257 $1,728,672 $ 857,002 $ 709,615 $ -
Operating lease
obligations(2) .......... 414,710 71,258 141,367
116,430 85,655 -
Guarantees(3) ........... 26,151 22,685 3,466 - - -
Letters of credit(4) .... 60,948 7,087 1,711 52,150 - -
5,283,355 1,587,287 1,875,216
1,025,582 795,270 -
Contractual
obligations
reflected on the
balance sheet:
Debt obligations(5) ... 15,013,949 1,094,111 3,190,678 4,345,480 6,383,680 -
Capital lease
obligations(6) .......... 47,321 10,785 10,700 25,768 68 -
Taxes(7) .................... 65,853 525 - - - 65,328
15,127,123 1,105,421 3,201,378
4,371,248 6,383,748 65,328
Total ......................... $20,410,478 $2,692,708 $5,076,594 $5,396,830 $7,179,018 $65,328
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(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. See Note 2 to our consolidated financial statements for a discussion of our program
rights obligations.
(2) Operating lease obligations represent primarily future minimum payment commitments on various long-term,
noncancelable leases for office, production and storage space, and lease commitments for Clearview Cinemas, and rental
space on utility poles used for the Company's Telecommunications Services segment. See Note 9 to our consolidated
financial statements for a discussion of our operating leases.
(3) 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.
(4) 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.
(5) Includes interest payments and future payments due on the Company's (i) credit facility debt, (ii) senior notes and
debentures, (iii) notes payable and (iv) collateralized indebtedness. See Notes 11 and 12 to our consolidated financial
statements for a discussion of our long-term debt.
(6) Reflects the principal amount of capital lease obligations, including related interest.
(7) This amount represents tax liabilities, including accrued interest, relating to uncertain tax positions.