Cablevision 2014 Annual Report Download - page 110

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F-21
CSC HOLDINGS, LLC AND SUBSIDIARIES
(a wholly-owned subsidiary of Cablevision Systems Corporation)
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............................................................................................................... $ 462,773 $ 620,055 $ 386,351
Adjustments to reconcile net income to net cash provided by operating
activities:
Income from discontinued operations, net of income taxes ............................. (2,822)(330,711)(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...... 9,618 23,144 66,213
Amortization of deferred financing costs and discounts on indebtedness........ 14,602 18,167 29,727
Share-based compensation expense related to Cablevision 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...................................................................................... 53,189 99,867 72,379
Provision for doubtful accounts........................................................................ 47,611 55,231 49,002
Excess tax benefit related to share-based awards............................................. (4,978)(46,164)(61,434)
Change in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable, trade .................................................................................. (42,446)(25,673)(76,955)
Other receivables................................................................................................. 14,131 (13,905)(2,649)
Prepaid expenses and other assets....................................................................... 27,803 (2,176) 47,402
Advances/payables to affiliates........................................................................... 222,212 121,128 43,159
Accounts payable................................................................................................ 25,486 (1,715) 16,172
Accrued liabilities ............................................................................................... (29,608) 41,998 (25,487)
Deferred revenue................................................................................................. 5,169 (9,507)(2)
Liabilities related to interest rate swap contracts................................................ — — (55,383)
Net cash provided by operating activities................................................................ 1,636,265 1,398,697 1,215,009
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)