Cablevision 2013 Annual Report Download - page 65

(59)
Revenues, net for the year ended December 31, 2013 increased $8,833 (3%) as compared to revenues, net
for the prior year. The net revenue increase was derived primarily from an increase in Ethernet revenue
for the year ended December 31, 2013 due to an increase in services installed, partially offset by reduced
traditional voice and data services.
Technical and operating expenses (excluding depreciation and amortization shown below) for 2013
decreased $4,873 (4%) as compared to 2012. The net decrease is attributable primarily to decreases in
consulting fees, repair and maintenance costs, employee costs incurred as a result of Superstorm Sandy
and voice related fees. Technical and operating expenses consist primarily of the direct costs associated
with providing and maintaining services.
Selling, general and administrative expenses increased $2,476 (3%) for 2013 as compared to 2012. The
net increase is attributable primarily to sales commissions and consulting fees. Selling, general and
administrative expenses include sales and marketing costs which consist primarily of employee costs and
advertising production and placement costs associated with acquiring and retaining customers.
Restructuring expense of $1,558 for 2013 is associated with the elimination of 16 positions as a result of a
strategic evaluation of the Company's operations.
Depreciation and amortization decreased $5,560 (6%) for 2013 as compared to 2012. The net decrease
resulted primarily from certain assets becoming fully depreciated, partially offset by the depreciation of
new asset purchases.
Adjusted operating cash flow increased $10,799 (8%) for the year ended December 31, 2013 as compared
to 2012. The increase was due primarily to an increase in revenue, net, and a decrease in technical and
operating expense, partially offset by an increase in selling, general and administrative expenses
(excluding depreciation and amortization and share-based compensation), as discussed above.
Other
The table below sets forth, for the periods presented, certain financial information and the percentage that
those items bear to revenues, net for the Other segment.
Years Ended December 31,
2013
2012
Amount
% of Net
Revenues
Amount
% of Net
Revenues
Favorable
(Unfavorable)
Revenues, net ............................... $ 362,020 100% $ 369,290 100% $ (7,270)
Technical and operating expenses
(excluding depreciation and
amortization shown below) ....... 256,499 71
272,378 74 15,879
Selling, general and
administrative expenses............. 320,227 88
308,764 84 (11,463)
Restructuring expense (credits) ..... 10,709 3
(770) - (11,479)
Depreciation and amortization
(including impairments) ........... 83,508 23
77,326 21 (6,182)
Operating loss ........................... $(308,923) (85)%
$(288,408) (78)% $(20,515)