Cablevision 2012 Annual Report Download - page 79

(73)
Depreciation and amortization (including impairments) for the year ended December 31, 2011 increased
$9,264 (15%) as compared to the prior year. The net increase is primarily due to depreciation of new
asset purchases and an increase in impairment charges recorded at Newsday ($12,724 in 2011 and $7,800
in 2010), partially offset by decreases in depreciation due to certain assets becoming fully depreciated.
Adjusted operating cash flow deficit decreased $6,840 (3%) for the year ended December 31, 2011 as
compared to 2010 (including Newsday's AOCF of $7,237 in 2011 compared to AOCF of $19,349 in
2010). The increase for the twelve month period was due primarily to decreases in revenues, net, partially
offset by decreases in operating expenses excluding depreciation and amortization and share-based
compensation, as discussed above.
CSC HOLDINGS, LLC
The consolidated statements of income of CSC Holdings are essentially identical to the consolidated
statements of income of Cablevision, except for the following:
Years Ended December 31,
2012 2011 2010
Net income attributable to Cablevision Systems Corporation
stockholders ..........................................................................
.
$ 233,523 $ 291,857 $ 360,948
Interest expense relating to Cablevision senior notes issued
in April 2004, September 2009, April 2010 and
September 2012 included in Cablevision's consolidated
statements of income .............................................................
.
194,276 183,518 180,083
Interest income related to cash held at Cablevision .................
.
(64) (15) (176)
Interest income included in CSC Holdings' consolidated
statements of income related to interest on Cablevision's
senior notes held by Newsday Holdings LLC (this interest
income is eliminated in the consolidated statements of
income of Cablevision) .........................................................
.
59,079 59,079 60,506
Loss on extinguishment of debt and write-off of deferred
financing costs related to the repurchase of a portion of
Cablevision's senior notes due April 2012 pursuant to a
tender offer ............................................................................
.
- - 110,049
Miscellaneous income ..............................................................
.
- - (14)
Income tax benefit included in Cablevision's consolidated
statements of income related to the items listed above .........
.
(100,553) (108,162) (137,119)
Net income attributable to CSC Holdings, LLC's sole
member .................................................................................
.
$ 386,261 $ 426,277 $ 574,277
Refer to Cablevision's Management's Discussion and Analysis of Financial Condition and Results of
Operations herein.
CASH FLOW DISCUSSION
Continuing Operations - Cablevision Systems Corporation
Operating Activities
Net cash provided by operating activities amounted to $1,151,533 for the year ended December 31, 2012
compared to $1,397,729 for the year ended December 31, 2011. The 2012 cash provided by operating
activities resulted from $1,112,320 of income before depreciation and amortization (including
impairments), and $160,082 of non-cash items. Partially offsetting these increases were decreases in cash
of $55,383 resulting from a decrease in liabilities under derivative contracts, a $43,202 increase in current
and other assets and advances to affiliates and a $22,284 decrease in accounts payable, other liabilities