Cablevision 2012 Annual Report Download - page 94

(88)
We settled our obligations under the related collateralized indebtedness by delivering cash from the net
proceeds of new monetization transactions on our Comcast common stock that will mature in April, June
and August 2014.
During the next 12 months, monetization contracts covering 13,407,684 shares of Comcast common stock
will mature. We intend to either settle such transactions by delivering shares of the Comcast common
stock and the related equity derivative contracts or by delivering cash from the net proceeds of new
monetization transactions.
See "Item 7A. Quantitative and Qualitative Disclosures About Market Risk" for a discussion of our
monetization contracts.
Contractual Obligations and Off Balance Sheet Commitments
Our contractual obligations to affiliates and non-affiliates as of December 31, 2012, which consist primarily of
our debt obligations and the effect such obligations are expected to have on our liquidity and cash flow in
future periods, are summarized in the following table:
Payments Due by Period
Total
Year
1
Years
2-3
Years
4-5
More than
5 years Other
Off balance sheet
arrangements:
Purchase
obligations(1) .......... $ 8,454,941 $1,972,239 $3,223,188 $2,516,151 $ 743,363 $ -
Operating lease
obligations(2) .......... 373,616 71,257 139,269 104,727 58,363 -
Guarantees(3) .............. 23,414 6,079 16,305 1,020 10 -
Letters of credit(4) ...... 68,325 1,680 66,645 - - -
8,920,296 2,051,255 3,445,407 2,621,898 801,736 -
Contractual
obligations
reflected on the
balance sheet:
Debt obligations(5) ..... 14,477,890 1,113,109 2,168,313 5,863,104 5,333,364 -
Capital lease
obligations(6) .......... 60,522 12,955 43,479 4,088 - -
Taxes(7) ...................... 60,342 272 - - - 60,070
14,598,754 1,126,336 2,211,792 5,867,192 5,333,364 60,070
Total ............................ $23,519,050 $3,177,591 $5,657,199 $8,489,090 $6,135,100 $60,070
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(1) Purchase obligations primarily include contractual commitments with various programming vendors to provide
video services to our subscribers and minimum purchase obligations to purchase goods or services. Future fees
payable under contracts with programming vendors are based on numerous factors, including the number of
subscribers receiving the programming. Amounts reflected above related to programming agreements are based on
the number of subscribers receiving the programming as of December 2012 multiplied by the per subscriber rates
or the stated annual fee, as applicable, contained in the executed agreements in effect as of December 31, 2012.
See Note 2 to our consolidated financial statements for a discussion of our program rights obligations.
(2) Operating lease obligations represent primarily future minimum payment commitments on various long-term,
noncancelable leases for office, production and storage space, and lease commitments for Clearview Cinemas, and
rental space on utility poles used for our Telecommunications Services segment. See Note 8 to our consolidated
financial statements for a discussion of our operating leases.
(3) Includes franchise and performance surety bonds primarily for the Company's Telecommunications Services
segment. Also includes outstanding guarantees primarily by CSC Holdings in favor of certain financial institutions