Cablevision 2013 Annual Report Download - page 79

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Net cash provided by operating activities amounted to $1,061,208 for the year ended December 31, 2012
compared to $1,305,182 for the year ended December 31, 2011. The 2012 cash provided by operating
activities resulted from $982,100 of income before depreciation and amortization (including impairments)
and $170,681 of non-cash items. Partially offsetting these increases were decreases in cash of $55,383
resulting from a decrease in liabilities under derivative contracts, a $28,974 increase in current and other
assets and advances to affiliates and a $7,216 decrease in accounts payable, other liabilities and amounts
due to affiliates. The decrease in cash provided by operating activities of $243,974 in 2012 as compared
to 2011 resulted from a decrease in income from continuing operations before depreciation and
amortization and other non-cash items of $362,777, partially offset by an increase of $118,803 resulting
from changes in working capital, including the timing of payments and collections of accounts receivable,
among other items.
Net cash provided by operating activities amounted to $1,305,182 for the year ended December 31, 2011.
The 2011 cash provided by operating activities resulted from $1,137,860 of income before depreciation
and amortization (including impairments) and $377,698 of non-cash items. Partially offsetting these
increases were decreases in cash of $111,895 resulting from a decrease in liabilities under derivative
contracts, a $67,786 decrease in accounts payable, other liabilities and amounts due to affiliates and a
$30,695 increase in current and other assets and advances to affiliates.
Investing Activities
Net cash used in investing activities for the year ended December 31, 2013 was $948,658 compared to
$993,072 for the year ended December 31, 2012. The 2013 investing activities consisted primarily of
$951,679 of capital expenditures ($806,678 of which relates to our Cable segment), partially offset by
other net cash receipts of $3,021.
Net cash used in investing activities for the year ended December 31, 2012 was $993,072 compared to
$735,228 for the year ended December 31, 2011. The 2012 investing activities consisted primarily of
$991,586 of capital expenditures ($850,061 of which relates to our Cable segment) and other net cash
payments of $1,486.
Net cash used in investing activities for the year ended December 31, 2011 was $735,228. The 2011
investing activities consisted primarily of capital expenditures of $725,876 ($568,458 of which relate to
our Cable segment), additions to other intangible assets of $10,797, partially offset by other net cash
receipts of $1,445.
Financing Activities
Net cash used in financing activities amounted to $655,054 for the year ended December 31, 2013
compared to $661,539 for the year ended December 31, 2012. In 2013, the Company's financing
activities consisted primarily of payments to redeem and repurchase senior notes, including premiums and
fees, of $371,498, dividend payments to common stockholders of $159,709, net repayments of credit
facility debt of $148,991, additions to deferred financings costs of $27,080, payments of $12,262 related
to the net share settlement of restricted stock awards, principal payments on capital lease obligations of
$13,828, other net cash payments of $2,638, partially offset by cash receipts from net proceeds from
collateralized indebtedness of $61,552, proceeds from stock option exercises of $18,120 and an excess tax
benefit related to share-based awards of $1,280.
Net cash used in financing activities amounted to $661,539 for the year ended December 31, 2012
compared to $269,778 for the year ended December 31, 2011. In 2012, the Company's financing
activities consisted primarily of the redemption and repurchase of senior notes of $531,326, net
repayments of credit facility debt of $519,458, treasury stock purchases of $188,600, dividend payments
to common stockholders of $163,872, payments of $19,831 resulting from the net share settlement of