Cablevision 2011 Annual Report Download - page 108

CSC HOLDINGS, LLC
(a wholly-owned subsidiary of Cablevision Systems Corporation)
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
STATEMENTS OF CASH FLOWS
Years ended December 31, 2011, 2010 and 2009
(Dollars in thousands)
(102)
2011 2010 2009
Cash flows from operating activities:
Income from continuing operations ......................................
.
$ 372,654 $ 420,429 $ 229,756
Adjustments to reconcile income from continuing
operations to net cash used in operating activities:
Depreciation and amortization (including impairments) ...
.
179,588 178,618 181,640
Equity in income of affiliates, net of income taxes ...........
.
(696,470) (741,881) (612,766)
Loss (gain) on investments, net .........................................
.
- (54) 545
Loss on extinguishment of debt and write-off of
deferred financing costs .................................................
.
92,692 - 72,870
Amortization of deferred financing costs, discounts on
indebtedness and other costs ..........................................
.
31,637 30,308 29,935
Share-based compensation expense related to equity
classified awards ............................................................
.
2,207 2,262 4,052
Deferred income taxes .......................................................
.
(203,880) (188,329) (235,289)
Provision for doubtful accounts .........................................
.
3,770 4,555 4,000
Amounts due to/from Cablevision .....................................
.
(6,742) 5,332 1,865
Amounts due to/from other affiliates .................................
.
(55,072) 15,585 (46,766)
Change in assets and liabilities .............................................
.
(161,893) (32,302) (37,845)
Net cash used in operating activities .....................................
.
(441,509) (305,477) (408,003)
Cash flows from investing activities:
Capital expenditures ..............................................................
.
(196,447) (157,728) (164,820)
Proceeds from sale of equipment, net of costs of disposal ....
.
703 648 1,180
Distributions from affiliates ..................................................
.
1,478,061 787,689 1,336,267
Decrease in other investments ...............................................
.
50 133 1,131
Decrease in restricted cash ....................................................
.
- - 4,875
Additions to other intangible assets ......................................
.
(914) (257) (490)
Net cash provided by investing activities ..........................
.
1,281,453 630,485 1,178,143
Cash flows from financing activities:
Proceeds from credit facility debt .........................................
.
1,265,000 795,000 155,000
Repayment of credit facility debt ..........................................
.
(580,651) (514,638) (390,000)
Proceeds from issuance of senior notes .................................
.
1,000,000 - 1,250,920
Repayment and repurchase of senior notes and debentures,
including tender premiums and fees ..................................
.
(1,227,307) - (1,898,225)
Capital contributions from Cablevision ................................
.
- 5,259 871,597
Distributions to Cablevision ..................................................
.
(929,947) (556,272) (790,082)
Additions to deferred financing costs ....................................
.
(25,186) (13,036) (29,140)
Net cash used in financing activities .................................
.
(498,091) (283,687) (829,930)
Net increase (decrease) in cash and cash equivalents ...............
.
341,853 41,321 (59,790)
Cash and cash equivalents at beginning of year .......................
.
117,721 76,400 136,190
Cash and cash equivalents at end of year ..................................
.
$ 459,574 $ 117,721 $ 76,400