Cablevision 2012 Annual Report Download - page 44
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(38)
CSC Holdings, LLC
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 ....................................................................................... (466,380) (503,124) (470,338) (493,672) (536,287)
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) - (72,870) -
Miscellaneous, net .......................................................................................... 1,770 1,265 1,433 543 881
Income (loss) from continuing operations before income taxes ......................... 310,475 665,676 671,964 413,738 (220,256)
Income tax benefit (expense) .......................................................................... (124,374) (292,598) (250,886) (184,255) 54,273
Income (loss) from continuing operations .......................................................... 186,101 373,078 421,078 229,483 (165,983)
Income from discontinued operations, net of income taxes ................................ 200,250 53,623 153,848 161,467 21,600
Net income (loss) ............................................................................................... 386,351 426,701 574,926 390,950 (144,383)
Net loss (income) attributable to noncontrolling interests .................................. (90) (424) (649) 273 8,108
Net income (loss) attributable to CSC Holdings, LLC's sole member ................ $ 386,261 $ 426,277 $ 574,277 $ 391,223 $ (136,275)
Amounts attributable to CSC Holdings, LLC's sole member:
Income (loss) from continuing operations, net of income taxes ................... $ 186,011 $ 372,654 $ 420,429 $ 229,756 $ (157,875)
Income from discontinued operations, net of income taxes .......................... 200,250 53,623 153,848 161,467 21,600
Net income (loss).......................................................................................... $ 386,261 $ 426,277 $ 574,277 $ 391,223 $ (136,275)
________________
(a) Amounts include the operating results of Bresnan Cable from the date of acquisition on December 14, 2010.