Cablevision 2011 Annual Report Download - page 105

CSC HOLDINGS, LLC
(a wholly-owned subsidiary of Cablevision Systems Corporation)
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
BALANCE SHEETS (continued)
December 31, 2011 and 2010
(Dollars in thousands, except share and per share amounts)
(99)
2011 2010
LIABILITIES AND MEMBER DEFICIENCY
Current Liabilities:
Accounts payable ................................................................................................ $ 114,840 $ 115,525
Accrued liabilities ............................................................................................... 248,927 238,947
Amounts due to affiliates .................................................................................... 20,176 5,635
Deferred revenue ................................................................................................. 5,083 4,765
Liabilities under derivative contracts .................................................................. 55,383 -
Credit facility debt .............................................................................................. 95,595 149,802
Notes payable ...................................................................................................... 16,174 -
Senior notes ......................................................................................................... 60,997 325,773
Total current liabilities .................................................................................... 617,175 840,447
Defined benefit plan and other postretirement plan obligations ............................. 50,297 78,885
Deferred revenue .................................................................................................... 277 465
Liabilities under derivative contracts ...................................................................... - 167,278
Other liabilities ....................................................................................................... 86,373 91,316
Deferred tax liability ............................................................................................... 52,629 -
Credit facility debt .................................................................................................. 3,687,865 4,199,310
Notes payable ......................................................................................................... 10,893 -
Senior notes and debentures ................................................................................... 2,968,697 2,826,732
Deficit investment in affiliate distributed to sole member ...................................... - 3,342
Total liabilities .................................................................................................... 7,474,206 8,207,775
Commitments and contingencies
Member's Deficiency:
Accumulated deficit ............................................................................................ (3,492,409) (3,375,506)
Senior notes due from Cablevision ..................................................................... (753,717) (753,717)
Other member's equity (14,432,750 membership units issued and
outstanding) ..................................................................................................... 854,442 3,788
(3,391,684) (4,125,435)
Accumulated other comprehensive loss .............................................................. (21,468) (23,325)
Total deficiency .................................................................................................. (3,413,152) (4,148,760)
$ 4,061,054 $ 4,059,015