Cablevision 2014 Annual Report Download - page 46

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Comparison of Consolidated Year Ended December 31, 2014 Versus Year Ended December 31, 2013
Consolidated Results – Cablevision Systems Corporation
We classify our operations into three reportable segments:
• Cable, consisting principally of our video, high-speed data, and VoIP services;
• Lightpath, which provides Ethernet-based data, Internet, voice and video transport and managed services to the business
market in the New York metropolitan area; and
• Other, consisting principally of (i) Newsday, (ii) the News 12 Networks, (iii) Cablevision Media Sales, and (iv) certain
other businesses and unallocated corporate costs.
We allocate certain amounts of our corporate overhead to each segment based upon their proportionate estimated usage of services.
Corporate overhead costs allocated to Clearview Cinemas (previously included in the Other segment) and Bresnan Cable (previously
included in the Cable segment) that were not eliminated as a result of the Clearview Sale and the Bresnan Sale have been reclassified
to the Other segment in continuing operations for all periods presented.
The segment financial information set forth below, including the discussion related to individual line items, does not reflect inter-
segment eliminations unless specifically indicated.
See "Business Segments Results" for a discussion relating to the operating results of our segments. In those sections, we provide
detailed analysis of the reasons for increases or decreases in the various line items at the segment level.
Revenues, net for the year ended December 31, 2014 increased $228,794 (4%) as compared to revenues, net for the prior year.
The net increase is attributable to the following:
Increase in revenues of the Cable segment ................................................................................................................ $ 208,934
Increase in revenues of the Lightpath segment.......................................................................................................... 20,355
Decrease in revenues of the Other segment ............................................................................................................... (715)
Inter-segment eliminations......................................................................................................................................... 220
$ 228,794
Technical and operating expenses (excluding depreciation, amortization and impairments) include primarily:
• cable programming costs, which are costs paid to programmers (net of amortization of any incentives received from
programmers for carriage) for cable content and are generally paid on a per-subscriber basis;
• network management and field service costs, which represent costs associated with the maintenance of our broadband
network, including costs of certain customer connections;
• interconnection, call completion, circuit and transport fees paid to other telecommunication companies for the transport
and termination of voice and data services; and
• content, production and distribution costs of our Newsday business.
Technical and operating expenses (excluding depreciation, amortization and impairments) in 2014 increased $57,582 (2%) as
compared to 2013. The net increase is attributable to the following:
Increase in expenses of the Cable segment................................................................................................................ $ 80,198
Increase in expenses of the Lightpath segment.......................................................................................................... 2,740
Decrease in expenses of the Other segment............................................................................................................... (25,934)
Inter-segment eliminations......................................................................................................................................... 578
$ 57,582