Cablevision 2013 Annual Report Download - page 141

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-32
Concentrations of Credit Risk
Financial instruments that may potentially subject the Company to a concentration of credit risk consist
primarily of cash and cash equivalents and trade account receivables. The Company monitors the
financial institutions and money market funds where it invests its cash and cash equivalents with
diversification among counterparties to mitigate exposure to any single financial institution. The
Company's emphasis is primarily on safety of principal and liquidity and secondarily on maximizing the
yield on its investments. Management believes that no significant concentration of credit risk exists with
respect to its cash and cash equivalents balances because of its assessment of the creditworthiness and
financial viability of the respective financial institutions.
The Company did not have a single customer that represented 10% or more of its consolidated net
revenues for the years ended December 31, 2013, 2012 and 2011, or 10% or more of its consolidated net
trade receivables at December 31, 2013 and 2012.
NOTE 3. SUPPLEMENTAL CASH FLOW INFORMATION
During 2013, 2012 and 2011, the Company's non-cash investing and financing activities and other
supplemental data were as follows:
Years Ended December 31,
2013 2012 2011
Non-Cash Investing and Financing Activities of
Cablevision and CSC Holdings:
Continuing Operations:
Property and equipment accrued but unpaid ......................... $65,391 $93,760 $62,025
Capital lease obligations...................................................... 11,499 27,535 14,877
Reduction in capital lease obligation as a result of not
exercising a bargain purchase option ................................ 22,950 - -
Intangible asset obligations ................................................. 2,498 1,435 8,501
Notes payable to vendors .................................................... 1,202 - 29,796
Satisfaction and discharge of debt with AMC Networks
debt ................................................................................. - - 1,250,000
Distribution of AMC Networks (Cablevision) ...................... - - 1,111,159
Distribution of AMC Networks (CSC Holdings) .................. - - 1,177,957
Distribution of Cablevision senior notes by CSC Holdings
to Cablevision (CSC Holdings) ........................................ 142,262 - -
Non-Cash Investing Activity of Cablevision:
Dividends payable on unvested restricted share awards ........ 3,466 3,119 4,150
Supplemental Data:
Continuing Operations - Cablevision:
Cash interest paid ................................................................ 580,906 646,346 651,558
Income taxes paid, net ........................................................ 16,470 13,418 29,351
Continuing Operations - CSC Holdings:
Cash interest paid ................................................................ 362,365 469,502 473,639
Income taxes paid, net ........................................................ 16,470 13,437 29,351
Discontinued operations - Cablevision and CSC Holdings:
Cash interest paid ................................................................ 26,606 61,927 101,557
Income taxes paid, net ........................................................ - - 5,573