XML 58 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Information as to the Operations of the Company's Reportable Business Segments
The Company's reportable segments are strategic business units that are managed separately.  The Company evaluates segment performance based on several factors, of which the primary financial measure is business segment adjusted operating cash flow ("AOCF") (defined as operating income (loss) excluding depreciation and amortization (including impairments), share-based compensation expense or benefit and restructuring expense or credits), a non-GAAP measure.  The Company has presented the components that reconcile AOCF to operating income (loss), an accepted GAAP measure.
 
Years Ended December 31,
 
2015
 
2014
 
2013
Revenues, net from continuing operations
 
 
 
 
 
Cable
$
5,836,188

 
$
5,784,945

 
$
5,576,011

Lightpath
364,439

 
352,964

 
332,609

Other
347,805

 
361,305

 
362,020

Inter-segment eliminations (a)
(38,689
)
 
(38,268
)
 
(38,488
)
 
$
6,509,743

 
$
6,460,946

 
$
6,232,152

Inter-segment revenues
 
 
 
 
 
Cable
$
1,897

 
$
1,883

 
$
1,788

Lightpath
18,308

 
17,818

 
18,014

Other
18,484

 
18,567

 
18,686

 
$
38,689

 
$
38,268

 
$
38,488

 
Adjusted operating cash flow (deficit) from continuing operations
 
 
 
 
 
Cable
$
1,767,500

 
$
1,833,577

 
$
1,739,529

Lightpath
173,022

 
157,516

 
146,208

Other
(163,162
)
 
(156,869
)
 
(201,101
)
 
$
1,777,360

 
$
1,834,224

 
$
1,684,636

Depreciation and amortization (including impairments) included in continuing operations
 
 
 
 
 
Cable (b)
$
(737,354
)
 
$
(739,559
)
 
$
(743,431
)
Lightpath (b)
(88,857
)
 
(83,589
)
 
(82,208
)
Other (c)
(39,041
)
 
(43,354
)
 
(83,508
)
 
$
(865,252
)
 
$
(866,502
)
 
$
(909,147
)
Share-based compensation expense included in continuing operations
 
 
 
 
 
Cable
$
(44,702
)
 
$
(29,895
)
 
$
(32,353
)
Lightpath
(7,528
)
 
(5,347
)
 
(6,757
)
Other
(13,056
)
 
(8,742
)
 
(13,605
)
 
$
(65,286
)
 
$
(43,984
)
 
$
(52,715
)
 
Years Ended December 31,
 
2015
 
2014
 
2013
Restructuring credits (expense) included in continuing operations
 
 
 
 
 
Cable
$
4

 
$
19

 
$
(11,283
)
Lightpath

 
(285
)
 
(1,558
)
Other
1,645

 
(2,214
)
 
(10,709
)
 
$
1,649

 
$
(2,480
)
 
$
(23,550
)
Operating income (loss) from continuing operations
 
 
 
 
 
Cable
$
985,448

 
$
1,064,142

 
$
952,462

Lightpath
76,637

 
68,295

 
55,685

Other
(213,614
)
 
(211,179
)
 
(308,923
)
 
$
848,471

 
$
921,258

 
$
699,224

 
(a)
Inter-segment eliminations relate primarily to revenues recognized from the sale of local programming services and voice services to the Company's Cable segment.
(b)
The Cable and Lightpath segments share portions of each other's network infrastructure.  Depreciation charges are recorded by the segment that acquired the respective asset.
(c)
The 2013 amount includes a reduction of depreciation expense related to prior years of $10,690.
Sources of Revenue for Cable Segment
For the years ended December 31, 2015, 2014 and 2013, Cable segment revenue was derived from the following sources:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
 
 
 
 
 
Video (including equipment rental, DVR, franchise fees, video-on-demand and pay-per-view)
$
3,179,746

 
$
3,187,245

 
$
3,149,702

High-speed data
1,478,719

 
1,416,328

 
1,342,627

Voice
918,086

 
910,653

 
841,048

Advertising
137,512

 
163,596

 
147,875

Other (including installation, advertising sales commissions, home shopping, and other products)
122,125

 
107,123

 
94,759

 
$
5,836,188

 
$
5,784,945

 
$
5,576,011

Reconciliation of Reportable Segment Amounts to Cablevision's and CSC Holdings' Consolidated Balances
A reconciliation of reportable segment amounts to Cablevision's and CSC Holdings' consolidated balances is as follows:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
 
 
 
 
 
Operating income for reportable segments
$
848,471

 
$
921,258

 
$
699,224

 
 
 
 
 
 
Items excluded from operating income:
 

 
 

 
 

CSC Holdings interest expense
(362,903
)
 
(353,288
)
 
(374,430
)
CSC Holdings interest income
897

 
403

 
423

CSC Holdings intercompany interest income
48,054

 
48,054

 
58,435

Gain (loss) on investments, net
(30,208
)
 
129,659

 
313,167

Gain (loss) on equity derivative contracts, net
104,927

 
(45,055
)
 
(198,688
)
Loss on extinguishment of debt and write-off of deferred financing costs
(1,735
)
 
(9,618
)
 
(23,144
)
Miscellaneous, net
6,045

 
4,988

 
2,436

CSC Holdings income from continuing operations before income taxes
613,548

 
696,401

 
477,423

Cablevision interest expense
(222,861
)
 
(222,712
)
 
(226,672
)
Intercompany interest expense
(48,054
)
 
(48,054
)
 
(58,435
)
Cablevision interest income
28

 
17

 
42

Write-off of deferred financing costs, net of gain on extinguishment of debt

 
(502
)
 
602

Cablevision income from continuing operations before income taxes
$
342,661

 
$
425,150

 
$
192,960

Capital Expenditures by Reportable Segment
The following table summarizes the Company's capital expenditures by reportable segment for the years ended December 31, 2015, 2014 and 2013:
 
Years Ended December 31,
 
2015
 
2014
 
2013
Capital Expenditures
 
 
 
 
 
Cable
$
686,380

 
$
743,524

 
$
806,678

Lightpath
96,405

 
109,749

 
111,830

Other
33,611

 
38,405

 
33,171

 
$
816,396

 
$
891,678

 
$
951,679