Cablevision 2013 Annual Report Download - page 159

Download and view the complete annual report

Please find page 159 of the 2013 Cablevision annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-50
The carrying values, estimated fair values, and classification under the fair value hierarchy of the
Company's financial instruments, excluding those that are carried at fair value in the accompanying
consolidated balance sheets, are summarized as follows:
December 31, 2013
Fair Value
Hierarchy
Carrying
Amount
Estimated
Fair Value
CSC Holdings notes receivable:
Cablevision senior notes held by Newsday
Holdings LLC(a) ................................................. Level II
$ 611,455
$ 682,887
Debt instruments:
Credit facility debt(b) ............................................. Level II
$3,766,145
$ 3,776,760
Collateralized indebtedness .................................... Level II
817,950
809,105
Senior notes and debentures ................................... Level II
2,309,403
2,608,885
Notes payable ........................................................ Level II
5,334
5,334
CSC Holdings total debt instruments .........................
6,898,832
7,200,084
Cablevision senior notes ........................................ Level II
2,829,112
3,101,373
Cablevision total debt instruments .............................
$9,727,944
$10,301,457
December 31, 2012
Fair Value
Hierarchy
Carrying
Amount
Estimated
Fair Value
CSC Holdings notes receivable:
Cablevision senior notes held by Newsday
Holdings LLC(a) ................................................. Level II
$ 753,717
$ 842,184
Debt instruments:
Credit facility debt(b) ............................................. Level II
$3,914,001
$ 3,914,001
Collateralized indebtedness .................................... Level II
556,152
540,831
Senior notes and debentures ................................... Level II
2,596,683
2,980,258
Notes payable ........................................................ Level II
12,585
12,585
CSC Holdings total debt instruments .........................
7,079,421
7,447,675
Cablevision senior notes ........................................ Level II
2,891,536
3,198,170
Cablevision total debt instruments .............................
$9,970,957
$10,645,845
___________________________
(a) These notes are eliminated at the consolidated Cablevision level.
(b) The principal amount of the Company's credit facility debt, which bears interest at variable rates, approximates its
fair value.
Fair value estimates related to the Company's debt instruments and senior notes receivable presented
above are made at a specific point in time, based on relevant market information and information about
the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of
significant judgments and therefore cannot be determined with precision. Changes in assumptions could
significantly affect the estimates.