Cablevision 2014 Annual Report Download - page 133
Download and view the complete annual report
Please find page 133 of the 2014 Cablevision annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
 |
 |
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except share and per share amounts)
F-44
NOTE 12. INCOME TAXES
Cablevision
Cablevision files a consolidated federal income tax return with its 80% or more owned subsidiaries.
Income tax expense (benefit) attributable to Cablevision's continuing operations consists of the following components:
Years Ended December 31,
2014 2013 2012
Current expense (benefit):
Federal...................................................................................................................... $ 6,122 $ (144) $ (3,493)
State.......................................................................................................................... 2,788 (3,510) 19,800
8,910 (3,654) 16,307
Deferred expense (benefit):
Federal...................................................................................................................... 135,873 69,258 48,441
State.......................................................................................................................... 23,906 198 (6,111)
159,779 69,456 42,330
Tax benefit relating to uncertain tax positions, including accrued interest................ (52,921)(167)(6,643)
Income tax expense..................................................................................................... $ 115,768 $ 65,635 $ 51,994
In January 2014, the Internal Revenue Service informed the Company that the consolidated federal income tax returns for 2009
and 2010 are no longer under examination. Accordingly, in the first quarter of 2014, the Company recorded an income tax benefit
of $53,132 associated with the reversal of a noncurrent liability relating to an uncertain tax position from 2009. The statute of
limitations with regard to 2009 expired on March 31, 2014.
Income tax expense attributable to discontinued operations for the year ended December 31, 2014 of $2,206 is comprised of current
and deferred income tax expense of $108 and $2,098, respectively. Income tax expense attributable to discontinued operations
for the year ended December 31, 2013 of $232,807 is comprised of current and deferred income tax expense of $18,120 and
$214,687, respectively. Income tax expense attributable to discontinued operations for the year ended December 31, 2012 of
$110,581 is comprised of current and deferred income tax expense of $5,340 and $105,241, respectively.