Cablevision 2013 Annual Report Download - page 89
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(83)
Monetization Contract Maturities
The following monetization contracts relating to our Comcast common stock matured in 2013:
Month of
Maturity
Shares covered under
monetization contract
January 2013 ...........
.
2,668,875
April 2013 ...............
.
2,732,184
June 2013 ................
.
2,668,875
September 2013.......
.
2,668,875
December 2013 .......
.
2,668,875
We settled our obligations under the related collateralized indebtedness by delivering cash from the net
proceeds of a new monetization transaction on our Comcast common stock that will mature in January,
April, June, September and December 2015.
During the next 12 months, monetization contracts covering 8,069,934 shares of Comcast common stock
will mature. We intend to either settle such transactions by delivering shares of the Comcast common
stock and the related equity derivative contracts or by delivering cash from the net proceeds of new
monetization transactions.
See "Item 7A. Quantitative and Qualitative Disclosures About Market Risk" for a discussion of our
monetization contracts.
Contractual Obligations and Off Balance Sheet Commitments
Our contractual obligations to affiliates and non-affiliates as of December 31, 2013, which consist primarily of
our debt obligations and the effect such obligations are expected to have on our liquidity and cash flow in
future periods, are summarized in the following table:
Payments Due by Period
Total
Year
1
Years
2-3
Years
4-5
More than
5 years
Other
Off balance sheet
arrangements:
Purchase
obligations(1) .......... $ 6,435,102 $1,773,141 $3,018,602 $1,325,949 $ 317,410 $ -
Operating lease
obligations(2) .......... 351,433 63,405 120,874 81,444 85,710 -
Guarantees(3) ............. 21,981 6,083 15,868 30 - -
Letters of credit(4) ...... 72,109 1,884 70,225 - - -
6,880,625 1,844,513 3,225,569 1,407,423 403,120 -
Contractual
obligations
reflected on the
balance sheet:
Debt obligations(5) ..... 12,601,825 856,576 2,208,301 4,114,659 5,422,289 -
Capital lease
obligations(6) .......... 32,518 12,653 15,553 4,143 169 -
Taxes(7) ..................... 7,043 414 - - - 6,629
12,641,386 869,643 2,223,854 4,118,802 5,422,458 6,629
Total .......................... $19,522,011 $2,714,156 $5,449,423 $5,526,225 $5,825,578 $6,629
___________________________
(1) Purchase obligations primarily include contractual commitments with various programming vendors to provide
video services to our subscribers and minimum purchase obligations to purchase goods or services. Future fees
payable under contracts with programming vendors are based on numerous factors, including the number of