Cablevision 2013 Annual Report Download - page 145

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-36
The assets and liabilities of Bresnan Cable and Clearview Cinemas have been classified in the
consolidated balance sheets as of December 31, 2012 as assets and liabilities held for sale and consist of
the following:
December 31, 2012
Bresnan
Clearview
Cinemas Total
Cash and cash equivalents .............................................. $ 31,670 $ 223 $ 31,893
Accounts receivable, prepaid expenses and other
current assets .............................................................. 14,486 1,490 15,976
Accounts receivable from affiliates................................. 1,881 - 1,881
Deferred tax asset .......................................................... 1,766 193 1,959
49,803 1,906 51,709
Property and equipment, net ........................................... 418,884 29,721 448,605
Amortizable intangible assets ......................................... 131,305 - 131,305
Indefinite-lived intangible assets .................................... 512,612 - 512,612
Goodwill........................................................................ 167,736 10,347 178,083
Other assets ................................................................... 20,065 918 20,983
1,250,602 40,986 1,291,588
Total assets held for sale ............................................ $1,300,405 $42,892 $1,343,297
Accounts payable and accrued expenses ......................... $ 51,948 $ 2,172 $ 54,120
Credit facility debt(a) ..................................................... 7,650 - 7,650
Other current liabilities .................................................. 5,255 2,686 7,941
Accounts payable to affiliates ......................................... 2,506 - 2,506
67,359 4,858
72,217
Credit facility debt(a) ..................................................... 736,455 - 736,455
Senior notes(a) ............................................................... 250,000 - 250,000
Deferred tax liability ...................................................... 71,483 (5,925) 65,558
Other long-term liabilities .............................................. 4,092 4,966 9,058
1,062,030 (959) 1,061,071
Total liabilities held for sale ...................................... $1,129,389 $ 3,899 $1,133,288
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(a) The aggregate amount of the credit facility debt and the senior notes outstanding on the closing date of the Bresnan
Sale reduced the sale proceeds.
Litigation Settlement
In June 2011, in connection with the AMC Networks Distribution, CSC Holdings and AMC Networks
and its subsidiary, Rainbow Programming Holdings, LLC (the "AMC Parties") entered into an agreement
(the "VOOM Litigation Agreement") which provided that CSC Holdings and the AMC Parties would
share equally in the proceeds (including in the value of any non-cash consideration) of any settlement or
final judgment in the litigation with DISH Network, LLC ("DISH Network") that were received by
subsidiaries of AMC Networks from VOOM HD Holdings LLC ("VOOM HD").
In October 2012, the Company and AMC Networks settled the litigation with DISH Network. Pursuant
to the settlement agreement, DISH Network paid $700,000 to a joint escrow account for the benefit of the
Company and AMC Networks. On April 8, 2013, the Company and AMC Networks reached agreement,
pursuant to the VOOM Litigation Agreement, on the final allocation of the proceeds of the settlement.
The parties agreed that (a) the Company would be allocated a total of $525,000 of the cash settlement
payment; and (b) AMC Networks would retain $175,000 of the cash settlement payment (in addition to
the long-term affiliation agreements entered into with DISH Network as part of the settlement). The final