Cablevision 2012 Annual Report Download - page 140

CABLEVISION SYSTEMS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2012, 2011 and 2010
(Dollars in thousands)
I-12
2012 2011 2010
Cash flows from operating activities:
Income from continuing operations ...................................... $ 33,363 $ 238,658 $ 207,749
Adjustments to reconcile income from continuing
operations to net cash provided by operating
activities:
Depreciation and amortization (including
impairments) .............................................................. 1,078,957 1,014,974 887,092
Gain on sale of affiliate interests .................................... (716) (683) (2,051)
Gain on investments, net ................................................ (294,235) (37,384) (109,813)
Loss (gain) on equity derivative contracts, net .............. 211,335 (1,454) 72,044
Loss on extinguishment of debt and write-off of
deferred financing costs .............................................. 66,213 92,692 110,049
Amortization of deferred financing costs and
discounts on indebtedness .......................................... 40,495 46,785 40,739
Share-based compensation expense related to equity
classified awards ........................................................ 61,564 44,877 48,434
Deferred income taxes ................................................... 22,279 157,219 95,682
Provision for doubtful accounts ..................................... 53,147 57,330 63,574
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable, trade ................................................. (82,934) (57,133) (81,909)
Other receivables ............................................................... (11,681) 12,059 (8,330)
Prepaid expenses and other assets ..................................... 47,751 (28,241) 9
Advances/payables to affiliates ......................................... 3,908 25,444 (934)
Accounts payable .............................................................. 14,843 (4,509) 65,886
Accrued liabilities .............................................................. (39,360) (60,510) 19,577
Deferred revenue ............................................................... 1,987 9,500 (3,997)
Derivative contracts ........................................................... (55,383) (111,895) (44,183)
Net cash provided by operating activities ............................. 1,151,533 1,397,729 1,359,618
Cash flows from investing activities:
Capital expenditures .............................................................. (1,075,255) (814,807) (823,245)
Payments for acquisitions, net ............................................... - (7,776) (1,356,500)
Proceeds related to sale of equipment, net of costs of
disposal .............................................................................. 362 667 2,382
Proceeds from sale of affiliate interests ................................ 750 750 6,990
Decrease in other investments ............................................... 955 50 133
Contributions to AMC Networks .......................................... - - (99,614)
Decrease in restricted cash .................................................... 1,149 - -
Additions to other intangible assets ...................................... (4,704) (10,797) (2,175)
Net cash used in investing activities .................................. (1,076,743) (831,913) (2,272,029)
See accompanying notes to consolidated financial statements.