Cablevision 2013 Annual Report Download - page 78

(72)
Adjusted operating cash flow deficit increased $1,208 (1%) for the year ended December 31, 2012 as
compared to 2011 (including Newsday's AOCF deficit of $(7,207) in 2012 compared to AOCF of $7,237
in 2011). The increase was due primarily to a decrease in revenues, net, partially offset by a decrease in
operating expenses excluding depreciation and amortization and share-based compensation, as discussed
above.
CSC HOLDINGS, LLC
The consolidated statements of income of CSC Holdings are essentially identical to the consolidated
statements of income of Cablevision, except for the following:
Years Ended December 31,
2013
2012
2011
Net income attributable to Cablevision Systems Corporation
stockholders .......................................................................
.
$ 465,661
$ 233,523
$ 291,857
Interest expense relating to Cablevision senior notes
included in Cablevision's consolidated statements of
income ...............................................................................
.
226,672
194,276
183,518
Interest income related to cash held at Cablevision ................
.
(42)
(64)
(15)
Interest income included in CSC Holdings' consolidated
statements of income related to interest on Cablevision's
senior notes held by Newsday Holdings LLC (this interest
income is eliminated in the consolidated statements of
income of Cablevision) ......................................................
.
58,435
59,079
59,079
Loss on extinguishment of debt and write-off of deferred
financing costs, net recognized at Cablevision, not
applicable to CSC Holdings, net .........................................
.
(602)
-
-
Income tax benefit included in Cablevision's consolidated
statements of income related to the items listed above .........
.
(122,444)
(100,553)
(108,162)
Income tax benefit from discontinued operations recognized
at Cablevision, not applicable to CSC Holdings ..................
.
(7,605)
-
-
Net income attributable to CSC Holdings, LLC's sole
member .............................................................................
.
$ 620,075
$ 386,261
$ 426,277
Refer to Cablevision's Management's Discussion and Analysis of Financial Condition and Results of
Operations herein.
CASH FLOW DISCUSSION
Continuing Operations - Cablevision Systems Corporation
Operating Activities
Net cash provided by operating activities amounted to $1,134,977 for the year ended December 31, 2013
compared to $1,061,208 for the year ended December 31, 2012. The 2013 cash provided by operating
activities resulted from $1,036,472 of income before depreciation and amortization (including
impairments) and $110,121 of non-cash items and an $18,879 increase in accounts payable, other
liabilities and amounts due to affiliates. Partially offsetting these increases were decreases in cash of
$30,495 resulting from an increase in current and other assets and advances to affiliates. The increase in
cash provided by operating activities of $73,769 in 2013 as compared to 2012 resulted from an increase of
$79,957 resulting from changes in working capital, including the timing of payments and collections of
accounts receivable, among other items, partially offset by a decrease in income from continuing
operations before depreciation and amortization and other non-cash items of $6,188.