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CSC HOLDINGS, LLC AND SUBSIDIARIES
(a wholly-owned subsidiary of Cablevision Systems Corporation)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2013, 2012 and 2011
(Dollars in thousands)
F-21
2013
2012
2011
Cash flows from operating activities:
Income from continuing operations ....................................
.
$ 289,344
$ 227,063
$ 425,747
Adjustments to reconcile income from continuing
operations to net cash provided by operating
activities:
Depreciation and amortization (including
impairments) ...........................................................
.
909,147
907,775
846,533
Gain on sale of affiliate interests ..................................
.
-
(716)
(683)
Gain on investments, net .............................................
.
(313,167)
(294,235)
(37,384)
Loss (gain) on equity derivative contracts, net .............
.
198,688
211,335
(1,454)
Loss on extinguishment of debt and write-off of
deferred financing costs ...........................................
.
23,144
66,213
92,692
Amortization of deferred financing costs and
discounts on indebtedness ........................................
.
18,167
29,727
36,962
Share-based compensation expense related to equity
classified awards ......................................................
.
52,715
60,646
44,569
Deferred income taxes .................................................
.
99,867
72,379
279,351
Provision for doubtful accounts ...................................
.
55,231
49,002
53,670
Excess tax benefit related to share-based awards ..........
.
(46,164)
(61,434)
(11,196)
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable, trade ..............................................
.
(25,673)
(76,955)
(50,520)
Other receivables ............................................................
.
(13,905)
(2,649)
12,914
Prepaid expenses and other assets ...................................
.
(2,176)
47,402
(27,729)
Advances/payables to affiliates .......................................
.
121,128
43,159
31,038
Accounts payable ...........................................................
.
(1,715)
16,172
(18,099)
Accrued liabilities...........................................................
.
43,573
(24,490)
(46,777)
Deferred revenue ............................................................
.
(9,507)
(2)
5,431
Liabilities related to interest rate swap contracts ..............
.
-
(55,383)
(111,895)
Net cash provided by operating activities ............................
.
1,398,697
1,215,009
1,523,170
Cash flows from investing activities:
Capital expenditures...........................................................
.
(951,679)
(991,586)
(725,876)
Proceeds related to sale of equipment, including costs of
disposal ..........................................................................
.
7,884
364
645
Proceeds from sale of affiliate inter ests ...............................
.
-
750
750
Decrease (increase) in other investments ............................
.
(1,178)
955
50
Decrease in restricted cash .................................................
.
-
1,149
-
Additions to other intangible assets ....................................
.
(3,685)
(4,704)
(10,797)
Net cash used in investing activities ................................
.
(948,658)
(993,072)
(735,228)
See accompanying notes to consolidated financial statements.