Cablevision 2012 Annual Report Download - page 185

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-57
CSC Holdings
CSC Holdings and its 80% or more owned subsidiaries are included in the consolidated federal income
tax returns of Cablevision. The income tax provision for CSC Holdings is determined on a stand-alone
basis for all periods presented as if CSC Holdings filed separate consolidated income tax returns.
Income tax expense (benefit) attributable to continuing operations consists of the following components:
Years Ended December 31,
2012 2011 2010
Current expense:
Federal ................................................................................. $ 13,953 $ (835) $ 6,190
State ..................................................................................... 33,533 33,491 17,134
47,486 32,656 23,324
Deferred expense (benefit):
Federal ................................................................................. 91,134 210,415 226,188
State ..................................................................................... (7,603) 42,989 (2,293)
83,531 253,404 223,895
Tax expense (benefit) relating to uncertain tax positions,
including accrued interest .................................................... (6,643) 6,538 3,667
Income tax expense ................................................................. $124,374 $292,598 $250,886
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.
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 $67,567 and $71,187, 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.
In connection with the tax allocation policy between CSC Holdings and Cablevision, CSC Holdings has
recorded a payable due to Cablevision and Cablevision has recorded a receivable due from CSC
Holdings, both in the amount of $31,960, representing the estimated current income tax liability of CSC
Holdings for the year ended December 31, 2012 as determined on a stand-alone basis as if CSC Holdings
filed separate consolidated income tax returns.