Cablevision 2012 Annual Report Download - page 42

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Item 6. Selected Financial Data
The operating and balance sheet data included in the following selected financial data have been derived from the consolidated financial
statements of Cablevision and CSC Holdings. The selected financial data presented below should be read in conjunction with the audited consolidated financial statements of Cablevision and CSC Holdings and the notes thereto included in Item 8 of this Report.
Operating Data:
Cablevision Systems Corporation
Years Ended December 31,
2012 2011
2010(a) 2009 2008
(Dollars in thousands)
Revenues, net ..................................................................................................
.
$6,705,461 $6,700,848 $6,177,575 $5,900,074 $5,480,799
Operating expenses:
Technical and operating (excluding depreciation, amortization and
impairments shown below) .....................................................................
.
3,323,655 2,968,540 2,663,748 2,532,844 2,391,392
Selling, general and administrative .............................................................
.
1,544,109 1,482,344 1,440,731 1,389,525 1,253,863
Restructuring expense (credits) ...................................................................
.
(770) 6,311 (58) 5,583 3,049
Depreciation and amortization (including impairments) .............................
.
1,078,957 1,014,974 887,092 916,408 1,333,101
Operating income ............................................................................................
.
759,510 1,228,679 1,186,062 1,055,714 499,394
Other income (expense):
Interest expense, net ....................................................................................
.
(719,671) (745,706) (710,751) (669,814) (687,725)
Gain on sale of affiliate interests .................................................................
.
716 683 2,051 - -
Gain (loss) on investments, net ...................................................................
.
294,235 37,384 109,813 (977) (33,176)
Gain (loss) on equity derivative contracts, net ............................................
.
(211,335) 1,454 (72,044) 631 51,772
Loss on interest rate swap contracts, net .....................................................
.
(1,828) (7,973) (85,013) (75,631) (202,840)
Loss on extinguishment of debt and write-off of deferred financing
costs ........................................................................................................
.
(66,213) (92,692) (110,049) (73,457) -
Miscellaneous, net ......................................................................................
.
1,770 1,265 1,447 543 885
Income (loss) from continuing operations before income taxes ......................
.
57,184 423,094 321,516 237,009 (371,690)
Income tax benefit (expense) ......................................................................
.
(23,821) (184,436) (113,767) (113,177) 113,918
Income (loss) from continuing operations ......................................................
.
33,363 238,658 207,749 123,832 (257,772)
Income from discontinued operations, net of income taxes ............................
.
200,250 53,623 153,848 161,467 21,600
Net income (loss) ............................................................................................
.
233,613 292,281 361,597 285,299 (236,172)
Net loss (income) attributable to noncontrolling interests...............................
.
(90) (424) (649) 273 8,108
Net income (loss) attributable to Cablevision Systems Corporation
stockholders ................................................................................................
.
$ 233,523 $ 291,857 $ 360,948 $ 285,572 $ (228,064)
________________ (a) Amounts include the operating results of Bresnan Cable from the date of acquisition on December 14, 2010.