Cablevision 2013 Annual Report Download - page 163

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-54
Income tax expense attributable to discontinued operations for the year ended December 31, 2013 of
$240,412 is comprised of current income tax expense and deferred income tax benefit of $299,353 and
$58,941, respectively. Income tax expense attributable to discontinued operations for the year ended
December 31, 2012 of $110,581 is comprised of current and deferred income tax expense of $28,242 and
$82,339, respectively. Income tax expense attributable to discontinued operations for the year ended
December 31, 2011 of $25,276 is comprised of current income tax benefit, deferred income tax expense
and income tax expense related to uncertain tax positions of $7,101, $28,360, and $4,017, respectively.
In connection with the tax allocation policy between CSC Holdings and Cablevision, CSC Holdings
decreased the affiliate receivable due from Cablevision by $340,344, representing the estimated current
income tax liability of CSC Holdings for the year ended December 31, 2013 as determined on a stand-
alone basis, partially offset by an excess tax benefit realized of $46,164 and current income tax liabilities
that are payable by CSC Holdings of $1,224.
The income tax expense (benefit) attributable to CSC Holdings' continuing operations differs from the
amount derived by applying the statutory federal rate to pretax income principally due to the effect of the
following items:
Years Ended December 31,
2013 2012 2011
Federal tax expense at statutory rate...............................................
.
$167,098 $132,864 $264,061
State income taxes, net of federal benefit .......................................
.
27,177 22,542 50,401
Changes in the valuation allowance ...............................................
.
(101) 1,038 1,822
Changes in the state apportionment rates used to measure
deferred taxes, net of federal benefit ..........................................
.
(6,484) 1,188 5,800
Tax expense (benefit) relating to uncertain tax positions,
including accrued interest, net of deferred tax benefits ..............
.
(124) (2,659) 1,699
Impact of non-deductible officers' compensation, net ....................
.
796 470 77
Other non-deductible expenses.......................................................
.
3,628 3,363 3,618
Increase in the deferred tax asset for certain state tax loss carry
forwards pursuant to LLC conversions of certain subsidiaries ...
.
- (3,935) -
Research credit ...............................................................................
.
(3,739) - (1,800)
Tax expense (benefit) from exclusion of pretax loss (income) of
an entity that is not consolidated for income tax purposes .........
.
- (2,605) 2,509
Other, net ........................................................................................
.
(172) 281 527
Income tax expense ........................................................................
.
$188,079 $152,547 $328,714