Cablevision 2014 Annual Report Download - page 149

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except share and per share amounts)
F-60
Cablevision December 31,
2014 2013
Amounts due from affiliates................................................................................................................... $ 1,732 $ 1,520
Amounts due to affiliates........................................................................................................................ 29,651 30,941
CSC Holdings December 31,
2014 2013
Amounts due from affiliates (principally Cablevision).......................................................................... $ 1,694 $ 115,538
Amounts due to affiliates (principally Cablevision)............................................................................... 135,636 30,887
NOTE 16. COMMITMENTS AND CONTINGENCIES
Commitments
Future cash payments and commitments required under arrangements pursuant to contracts entered into by the Company in the
normal course of business as of December 31, 2014 are as follows:
Payments Due by Period
Total Year 1 Years 2-3 Years 4-5 More than
5 years
Off balance sheet arrangements:
Purchase obligations (a)........................................... $ 6,713,424 $ 1,929,472 $ 3,241,297 $ 1,407,306 $ 135,349
Guarantees (b).......................................................... 22,252 18,652 3,590 10 —
Letters of credit (c)................................................... 71,661 10,080 2,086 59,495 —
Total....................................................................... $ 6,807,337 $ 1,958,204 $ 3,246,973 $ 1,466,811 $ 135,349
(a) Purchase obligations primarily include contractual commitments with various programming vendors to provide video
services to the Company's 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 subscribers
receiving the programming. Amounts reflected above related to programming agreements are based on the number of
subscribers receiving the programming as of December 2014 multiplied by the per subscriber rates or the stated annual
fee, as applicable, contained in the executed agreements in effect as of December 31, 2014.
(b) Includes franchise and performance surety bonds primarily for the Company's Cable segment. Also includes outstanding
guarantees primarily by CSC Holdings in favor of certain financial institutions in respect of ongoing interest expense
obligations in connection with the monetization of the Company's holdings of shares of Comcast common stock. Does
not include CSC Holdings' guarantee of Newsday's obligations under its $480,000 senior secured loan facility. Payments
due by period for these arrangements represent the year in which the commitment expires.
(c) Consists primarily of letters of credit obtained by CSC Holdings in favor of insurance providers and certain governmental
authorities for the Cable segment. Payments due by period for these arrangements represent the year in which the
commitment expires.
At any time after the thirteenth anniversary of the closing (which occurred on July 29, 2008) of the Newsday acquisition and on
or prior to the date that is six months after such anniversary, Tribune Company will have the right to require CSC Holdings to
purchase Tribune Company's entire interest in Newsday Holdings at the fair value of the interest at that time. The table above
does not include any future payments that would be required upon the exercise of this put right.
Many of the Company's franchise agreements and utility pole leases require the Company to remove its cable wires and other
equipment upon termination of the respective agreements. The Company has concluded that the fair value of these asset retirement
obligations cannot be reasonably estimated since the range of potential settlement dates is not determinable.