Cablevision 2013 Annual Report Download - page 42
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(36)
CSC Holdings, LLC
Years Ended December 31,
2013 2012
2011
2010 2009
(Dollars in thousands)
Revenues, net................................................................................................. $6,232,152 $6,131,675
$6,162,608
$6,087,864 $5,828,567
Operating expenses:
Technical and operating (excluding depreciation, amortization and
impairments shown below) ..................................................................... 3,079,226
3,001,577
2,653,978
2,563,575
2,458,899
Selling, general and administrative ............................................................. 1,521,005 1,454,045
1,398,061
1,421,737 1,383,861
Restructuring expense (credits) ................................................................... 23,550 (770)
6,311
(58) 5,583
Depreciation and amortization (including impairments) ............................... 909,147 907,775
846,533
874,334 911,566
Operating income........................................................................................... 699,224 769,048
1,257,725
1,228,276 1,068,658
Other income (expense):
Interest expense, net ................................................................................... (315,572) (406,783)
(443,385)
(463,749) (493,672)
Gain on sale of affiliate interests ................................................................. - 716
683
2,051 -
Gain (loss) on investments, net ................................................................... 313,167 294,235
37,384
109,813 (977)
Gain (loss) on equity derivative contracts, net ............................................. (198,688) (211,335)
1,454
(72,044) 631
Loss on interest rate swap contracts, net ...................................................... - (1,828)
(7,973)
(85,013) (75,631)
Loss on extinguishment of debt and write-off of deferred financing costs ..... (23,144) (66,213)
(92,692)
- (72,870)
Miscellaneous, net ...................................................................................... 2,436 1,770
1,265
1,434 544
Income from continuing operations before income taxes ................................. 477,423 379,610
754,461
720,768 426,683
Income tax expense .................................................................................... (188,079) (152,547)
(328,714)
(270,497) (189,500)
Income from continuing operations................................................................. 289,344 227,063
425,747
450,271 237,183
Income from discontinued operations, net of income taxes .............................. 330,711 159,288
954
124,655 153,767
Net income .................................................................................................... 620,055 386,351
426,701
574,926 390,950
Net loss (income) attributable to noncontrolling interests................................. 20 (90)
(424)
(649) 273
Net income attributable to CSC Holdings, LLC's sole member ........................ $ 620,075 $ 386,261
$ 426,277
$ 574,277 $ 391,223
Amounts attributable to CSC Holdin
g
s, LLC's sole member:
Income from continuing operations, net of income taxes ............................ $ 289,364 $ 226,973 $ 425,323 $ 449,622 $ 237,456
Income from discontinued operations, net of income taxes ........................ 330,711 159,288 954 124,655 153,767
Net income .............................................................................................. $ 620,075 $ 386,261 $ 426,277 $ 574,277 $ 391,223