Cablevision 2012 Annual Report Download - page 182

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-54
significant judgments and therefore cannot be determined with precision. Changes in assumptions could
significantly affect the estimates.
NOTE 13. INCOME TAXES
Cablevision
Cablevision files a consolidated federal income tax return with its 80% or more owned subsidiaries.
Income tax expense (benefit) attributable to Cablevision's continuing operations consists of the following
components:
Years Ended December 31,
2012 2011 2010
Current expense (benefit):
Federal ................................................................................. $(5,587) $ (1,616) $ (2,716)
State ..................................................................................... 13,772 22,295 17,134
8,185 20,679 14,418
Deferred expense (benefit):
Federal ................................................................................. 28,642 138,804 120,234
State ..................................................................................... (6,363) 18,415 (24,552)
22,279 157,219 95,682
Tax expense (benefit) relating to uncertain tax positions,
including accrued interest ....................................................
.
(6,643) 6,538 3,667
Income tax expense ................................................................. $23,821 $184,436 $113,767
The current federal income tax benefit for the year ended December 31, 2012 is fully offset by current
federal income tax expense attributable to discontinued operations. The current federal income tax
benefit for the year ended December 31, 2011 is primarily attributable to the carry back of a capital loss
from 2009 to 2007. The current federal income tax benefit for the year ended December 31, 2010 is
primarily attributable to impact of the change in tax accounting method with regard to certain installation
costs.
Income tax expense attributable to discontinued operations for the year ended December 31, 2012 of
$138,754 is comprised of current and deferred income tax expense of $13,462 and $125,292, respectively.
Current income tax expense reflects federal and state income tax expense of $5,587 and $7,875,
respectively. Income tax expense attributable to discontinued operations for the year ended December 31,
2011 of $61,392 is comprised of current income tax expense, deferred income tax expense and income tax
expense related to uncertain tax positions of $3,068, $54,307, and $4,017, respectively. Income tax
expense attributable to discontinued operations for the year ended December 31, 2010 of $122,995 is
comprised of current income tax expense, deferred income tax expense and income tax expense related to
uncertain tax positions of $4,360, $116,381 and $2,254, respectively.
Cablevision has no federal income tax liability for 2012.