Cablevision 2014 Annual Report Download - page 55

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49
Comparison of Consolidated Year Ended December 31, 2013 Versus Year Ended December 31, 2012
Consolidated Results – Cablevision Systems Corporation
Revenues, net for the year ended December 31, 2013 increased $100,477 (2%) as compared to revenues, net for the prior year.
The net increase is attributable to the following:
Increase in revenues of the Cable segment.................................................................................................................. $ 96,903
Increase in revenues of the Lightpath segment............................................................................................................ 8,833
Decrease in revenues of the Other segment................................................................................................................. (7,270)
Inter-segment eliminations........................................................................................................................................... 2,011
$ 100,477
Technical and operating expenses (excluding depreciation, amortization and impairments) in 2013 increased $77,649 (3%) as
compared to 2012. The net increase is attributable to the following:
Increase in expenses of the Cable segment.................................................................................................................. $ 96,874
Decrease in expenses of the Lightpath segment .......................................................................................................... (4,873)
Decrease in expenses of the Other segment................................................................................................................. (15,879)
Inter-segment eliminations........................................................................................................................................... 1,527
$ 77,649
Selling, general and administrative expenses include primarily sales, marketing and advertising expenses, administrative costs,
and costs of customer call centers. Selling, general and administrative expenses increased $66,960 (5%) for 2013 as compared to
2012. The net increase is attributable to the following:
Increase in expenses of the Cable segment.................................................................................................................. $ 52,537
Increase in expenses of the Lightpath segment............................................................................................................ 2,476
Increase in expenses of the Other segment.................................................................................................................. 11,463
Inter-segment eliminations........................................................................................................................................... 484
$ 66,960
Depreciation and amortization (including impairments) increased $1,372 for 2013 as compared to 2012. The net increase is
attributable to the following:
Increase in expenses of the Cable segment.................................................................................................................. $ 750
Decrease in expenses of the Lightpath segment .......................................................................................................... (5,560)
Increase in expenses of the Other segment.................................................................................................................. 6,182
$ 1,372
Restructuring expense for the year ended December 31, 2013 amounted to $23,550. This is comprised of $11,283 associated
primarily with the elimination of 234 positions in our Cable segment, $10,038 associated primarily with the elimination of 191
positions in our Other segment and $1,558 associated primarily with the elimination of 16 positions in our Lightpath segment as
a result of a strategic evaluation of the Company's operations. Additionally, we expensed $1,205 in connection with an early lease
termination in our Other segment. Offsetting these expenses are restructuring credits of $534 related to adjustments to facility
realignment provisions recorded in prior restructuring plans.