Cablevision 2014 Annual Report Download - page 101

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F-12
CABLEVISION SYSTEMS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2014, 2013 and 2012
(In thousands)
2014 2013 2012
Cash flows from operating activities:
Net Income............................................................................................................... $ 312,204 $ 465,641 $ 233,613
Adjustments to reconcile net income to net cash provided by operating
activities:
Income from discontinued operations, net of income taxes ............................. (2,822)(338,316)(159,288)
Depreciation and amortization (including impairments).................................. 866,502 909,147 907,775
Gain on sale of affiliate interests ...................................................................... — — (716)
Gain on investments, net................................................................................... (129,659)(313,167)(294,235)
Loss on equity derivative contracts, net ........................................................... 45,055 198,688 211,335
Loss on extinguishment of debt and write-off of deferred financing costs...... 10,120 22,542 66,213
Amortization of deferred financing costs and discounts on indebtedness........ 22,887 25,936 36,106
Share-based compensation expense related to equity classified awards .......... 43,984 52,715 60,646
Settlement loss and amortization of actuarial losses related to pension and
postretirement plans...................................................................................... 7,643 1,575 997
Deferred income taxes...................................................................................... 159,779 69,456 42,330
Provision for doubtful accounts........................................................................ 47,611 55,231 49,002
Excess tax benefits related to share-based awards ........................................... (336)(1,280) —
Change in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable, trade .................................................................................. (42,446)(25,673)(76,955)
Other receivables................................................................................................. 16,685 (6,465)(10,489)
Prepaid expenses and other assets....................................................................... 27,803 (2,176) 47,560
Advances/payables to affiliates........................................................................... (1,463)(1,637) 12,970
Accounts payable................................................................................................ 25,486 (1,715) 16,172
Accrued liabilities ............................................................................................... (35,931) 33,982 (26,443)
Deferred revenue................................................................................................. 5,169 (9,507)(2)
Liabilities related to interest rate swap contracts................................................ — — (55,383)
Net cash provided by operating activities................................................................ 1,378,271 1,134,977 1,061,208
Cash flows from investing activities:
Capital expenditures................................................................................................. (891,678)(951,679)(991,586)
Proceeds related to sale of equipment, including costs of disposal......................... 6,178 7,884 364
Proceeds from sale of affiliate interests................................................................... — — 750
Decrease (increase) in other investments................................................................. (1,369)(1,178) 955
Decrease in restricted cash....................................................................................... — — 1,149
Additions to other intangible assets......................................................................... (1,193)(3,685)(4,704)
Net cash used in investing activities ................................................................... (888,062)(948,658)(993,072)