Cablevision 2014 Annual Report Download - page 66

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60
$1,014, partially offset by proceeds from the issuance of senior notes of $750,000, net proceeds from collateralized indebtedness
and related derivative contracts of $74,516, and an excess tax benefit related to share-based awards of $4,978.
Net cash used in financing activities amounted to $894,074 for the year ended December 31, 2013 compared to $890,313 for the
year ended December 31, 2012. In 2013, the Company's financing activities consisted primarily of distributions to Cablevision
of $501,224, payments to redeem and repurchase senior notes, including premiums and fees, of $308,673, net repayments of credit
facility debt of $148,991, additions to deferred financing costs of $27,080, principal payments on capital lease obligations of
$13,828 and other cash payments of $1,994, partially offset by cash receipts from net proceeds from collateralized indebtedness
and related derivative contracts of $61,552, and an excess tax benefit related to share-based awards of $46,164.
Net cash used in financing activities amounted to $890,313 for the year ended December 31, 2012. In 2012, the Company's
financing activities consisted primarily of repayments of credit facility debt of $519,458, the redemption and repurchase of senior
notes of $504,501, payments on capital leases of $13,729, additions to deferred financing costs of $5,296, and other net cash
payments of $1,588, partially offset by net capital contributions from Cablevision of $63,191, an excess tax benefit on share-based
awards of $61,434 and net proceeds from collateralized indebtedness and related derivative contracts of $29,634.
Discontinued Operations - Cablevision Systems Corporation and CSC Holdings, LLC
The net effect of discontinued operations on cash and cash equivalents amounted to a cash inflow of $4,882, $838,349, and $336,709
for the years ended December 31, 2014, 2013 and 2012, respectively.
Operating Activities
Net cash used in operating activities from discontinued operations amounted to $1,199 for the year ended December 31, 2014
compared to net cash provided by operating activities of $199,006 for the year ended December 31, 2013 and $437,280 for the
year ended December 31, 2012.
The 2013 cash provided by operating activities resulted from income of $214,225 before depreciation and amortization (including
impairments) and other non-cash items and a $2,087 increase in accounts payable and accrued liabilities. These increases were
partially offset by a decrease in cash of $17,306 resulting from an increase in current and other assets.
The 2012 cash provided by operating activities resulted from income of $445,163, before depreciation and amortization (including
impairments) and other non-cash items and a $6,345 increase in accounts payable and accrued liabilities. Partially offsetting these
increases was a decrease in cash of $14,228 resulting from an increase in current and other assets.
Investing Activities
Net cash provided by investing activities of discontinued operations for the year ended December 31, 2014 was $6,081 compared
to $646,185 for the year ended December 31, 2013. The 2014 investing activities consisted primarily of proceeds from the
settlement of a contingency related to Montana property taxes.
Net cash provided by investing activities of discontinued operations for the year ended December 31, 2013 was $646,185 compared
to net cash used in investing activities of discontinued operations of $83,671 for the year ended December 31, 2012. The 2013
investing activities consisted primarily of proceeds from the Bresnan Sale and the Clearview Sale aggregating $676,253, net of
transaction costs, and other net cash receipts of $12, partially offset by capital expenditures of $30,080.
Net cash used in investing activities of discontinued operations for the year ended December 31, 2012 of $83,671 consisted
primarily of capital expenditures.
Financing Activities
Net cash used in financing activities of discontinued operations for the years ended December 31, 2013 and 2012 of $38,735 and
$7,650, respectively, represented repayments of Bresnan Cable's credit facility debt.