Cablevision 2012 Annual Report Download - page 158

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-30
Dividends
Cablevision may pay dividends on its capital stock only from net profits and surplus as determined under
Delaware law. If dividends are paid on the CNYG common stock, holders of the CNYG Class A
common stock and CNYG Class B common stock are entitled to receive dividends, and other
distributions in cash, stock or property, equally on a per share basis, except that stock dividends with
respect to CNYG Class A common stock may be paid only with shares of CNYG Class A common stock
and stock dividends with respect to CNYG Class B common stock may be paid only with shares of
CNYG Class B common stock.
CSC Holdings may make distributions on its membership interests only if sufficient funds exist as
determined under Delaware law.
Cablevision's and CSC Holdings' indentures and CSC Holdings credit agreement restrict the amount of
dividends and distributions in respect of any equity interest that can be made.
The Board of Directors of Cablevision declared the following cash dividends to stockholders of record on
both its CNYG Class A common stock and CNYG Class B common stock:
Declaration Date Dividend per Share Record Date Payment Date
October 24, 2012 $0.15 November 7, 2012 November 28, 2012
August 1, 2012 $0.15 August 14, 2012 September 4, 2012
May 1, 2012 $0.15 May 17, 2012 June 1, 2012
February 22, 2012 $0.15 March 9, 2012 March 30, 2012
October 27, 2011 $0.15 November 11, 2011 December 2, 2011
August 5, 2011 $0.15 August 19, 2011 September 9, 2011
May 4, 2011 $0.15 May 16, 2011 June 6, 2011
February 15, 2011 $0.125 February 28, 2011 March 21, 2011
November 3, 2010 $0.125 November 15, 2010 December 6, 2010
August 4, 2010 $0.125 August 16, 2010 September 7, 2010
May 5, 2010 $0.125 May 17, 2010 June 7, 2010
February 24, 2010 $0.10 March 8, 2010 March 29, 2010
Cablevision paid dividends aggregating $163,872, $162,032 and $140,734 in 2012, 2011 and 2010,
respectively, primarily from the proceeds of equity distribution payments from CSC Holdings. In
addition, as of December 31, 2012, up to approximately $5,684 will be paid when, and if, restrictions
lapse on restricted shares outstanding.
During the years ended December 31, 2012, 2011 and 2010, CSC Holdings made equity distribution
payments to Cablevision, its sole member, aggregating $671,809, $929,947 and $556,272, respectively.
These distribution payments were funded from cash on hand and cash from operations. The proceeds
were used to fund:
xCablevision's dividends paid;
xCablevision's interest and principal payments on its senior notes;
xCablevision's payments for the acquisition of treasury shares related to statutory minimum tax
withholding obligations upon the vesting of certain restricted shares; and
xthe repurchase of CNYG Class A common stock under Cablevision's share repurchase program
(see Note 20).