Cablevision 2014 Annual Report Download - page 65

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payments of $2,638, partially offset by cash receipts from net proceeds from collateralized indebtedness and related derivative
contracts of $61,552, proceeds from stock option exercises of $18,120 and an excess tax benefit related to share-based awards of
$1,280.
Net cash used in financing activities amounted to $661,539 for the year ended December 31, 2012. In 2012, the Company's
financing activities consisted primarily of the redemption and repurchase of senior notes of $531,326, repayments of credit facility
debt of $519,458, treasury stock purchases of $188,600, dividend payments to common stockholders of $163,872, payments of
$19,831 resulting from the net share settlement of restricted stock awards, payments of deferred financing costs of $21,491,
payments on capital lease obligations of $13,729, and other net cash payments of $1,588, partially offset by proceeds from the
issuance of senior notes of $750,000, net proceeds from collateralized indebtedness and related derivative contracts of $29,634
and proceeds from stock option exercises of $18,722.
Continuing Operations - CSC Holdings, LLC
Operating Activities
Net cash provided by operating activities amounted to $1,636,265 for the year ended December 31, 2014 compared to $1,398,697
for the year ended December 31, 2013. The 2014 cash provided by operating activities resulted from $1,326,453 of income before
depreciation and amortization (including impairments) from continuing operations, non-cash items of $87,065, a $116,951 decrease
in current and other assets and a $105,796 increase in accounts payable and other liabilities. The increase in cash provided by
operating activities of $237,568 in 2014 as compared to 2013 resulted from an increase in income from continuing operations
before depreciation and amortization and other non-cash items of $124,971 and an increase of $112,597 resulting from changes
in working capital, including the timing of payments and collections of accounts receivable, among other items.
Net cash provided by operating activities amounted to $1,398,697 for the year ended December 31, 2013 compared to $1,215,009
for the year ended December 31, 2012. The 2013 cash provided by operating activities resulted from $1,198,491 of income before
depreciation and amortization (including impairments), $90,056 of non-cash items, $81,798 resulting from a decrease in current
and other assets and advances to affiliates, and $28,352 from a increase in accounts payable, other liabilities and amounts due to
affiliates. The increase in cash provided by operating activities of $183,688 in 2013 as compared to 2012 resulted from an increase
of $163,893 resulting from changes in working capital, including the timing of payments and collections of accounts receivable,
among other items and an increase in income from continuing operations before depreciation and amortization and other non-cash
items of $19,795.
Net cash provided by operating activities amounted to $1,215,009 for the year ended December 31, 2012. The 2012 cash provided
by operating activities resulted from $1,134,838 of income before depreciation and amortization (including impairments), $133,914
of non-cash items and $35,761 resulting from a decrease in current and other assets and advances to affiliates. Partially offsetting
these increases were decreases in cash of $34,121 from a decrease in accounts payable, other liabilities and amounts due to affiliates,
and $55,383 resulting from a decrease in liabilities related to interest rate swap contracts.
Investing Activities
Net cash used in investing activities for the year ended December 31, 2014 was $888,062 compared to $948,658 for the year ended
December 31, 2013. The 2014 investing activities consisted primarily of $891,678 of capital expenditures ($743,524 of which
relates to our Cable segment), partially offset by other net cash receipts of $3,616.
Net cash used in investing activities for the year ended December 31, 2013 was $948,658 compared to $993,072 for the year ended
December 31, 2012. The 2013 investing activities consisted primarily of $951,679 of capital expenditures ($806,678 of which
relates to our Cable segment), partially offset by other net cash receipts of $3,021.
Net cash used in investing activities for the year ended December 31, 2012 was $993,072. The 2012 investing activities consisted
primarily of $991,586 of capital expenditures ($850,061 of which relates to our Cable segment) and other net cash payments of
$1,486.
Financing Activities
Net cash used in financing activities amounted to $590,747 for the year ended December 31, 2014 compared to $894,074 for the
year ended December 31, 2013. In 2014, the Company's financing activities consisted primarily of repayments of credit facility
debt of $990,785, distributions to Cablevision of $396,382, principal payments on capital lease obligations of $15,481, payments
of deferred financing costs of $14,273, repayments of notes payable of $2,306, and distributions to non-controlling interests of