Cablevision 2012 Annual Report Download - page 109
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CSC HOLDINGS, LLC
(a wholly-owned subsidiary of Cablevision Systems Corporation)
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
STATEMENTS OF INCOME
Years ended December 31, 2012, 2011 and 2010
(Dollars in thousands)
(103)
2012 2011 2010
Revenues, net ........................................................................... $ 636,076 $ 650,545 $ 656,245
Operating expenses:
Technical and operating (excluding depreciation,
amortization and impairments shown below) .................... 395,065 348,419 346,395
Selling, general and administrative ....................................... 141,844 122,190 115,802
Restructuring expense (credits) ............................................. (167) 805 (245)
Depreciation and amortization (including impairments) ....... 220,492 179,588 178,618
757,234 651,002 640,570
Operating income (loss) ........................................................... (121,158) (457) 15,675
Other income (expense):
Interest expense ..................................................................... (390,216) (420,673) (437,312)
Interest income ...................................................................... 749 593 835
Equity in income of affiliates, net of income taxes ............... 519,644 696,470 741,881
Gain on investments, net ....................................................... 627 - 54
Loss on interest rate swap contracts, net ............................... (1,828) (7,973) (85,013)
Loss on extinguishment of debt and write-off of deferred
financing costs ................................................................... (61,130) (92,692) -
Miscellaneous, net ................................................................. (222) (366) (353)
67,624 175,359 220,092
Income (loss) from continuing operations before income
taxes ...................................................................................... (53,534) 174,902 235,767
Income tax benefit ................................................................ 239,545 197,752 184,662
Income from continuing operations ......................................... 186,011 372,654 420,429
Income from discontinued operations, net of income taxes ..... 200,250 53,623 153,848
Net income attributable to CSC Holdings, LLC's sole
member ................................................................................. $ 386,261 $ 426,277 $ 574,277
See accompanying note to condensed financial statements.