XML 48 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Summary of related party transactions
The following table summarizes the revenue and charges related to services provided to or received from subsidiaries of Altice N.V. and Newsday:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Revenue
$
727

 
$
253

 
$
852

 
$
394

Operating expenses:
 
 
 
 
 
 
 
Programming and other direct costs
(3,865
)
 
(1,095
)
 
(5,019
)
 
$
(1,830
)
Other operating expenses, net
(6,255
)
 
(8,666
)
 
(14,249
)
 
(15,964
)
Operating expenses, net
(10,120
)
 
(9,761
)
 
(19,268
)
 
(17,794
)
 
 
 
 
 
 
 
 
Interest expense (a)
—

 
(42,817
)
 
—

 
(90,405
)
Other expense, net
149

 
—

 
149

 
—

Loss on extinguishment of debt and write-off of deferred financing costs
—

 
(513,723
)
 
—

 
(513,723
)
Net charges
$
(9,244
)
 
$
(566,048
)
 
$
(18,267
)
 
$
(621,528
)
Capital Expenditures
$
1,108

 
$
8,473

 
$
2,734

 
$
9,365


(a)
In connection with the Company's IPO in June 2017, the Company converted the notes payable to affiliates and related parties into shares of the Company’s common stock at the IPO price.
Aggregate amounts that were due from and due to related parties are summarized below:
 
June 30, 2018
 
December 31, 2017
Due from:
 
 
 
Altice US Finance S.A. (a)
$
13,100

 
$
12,951

Newsday (b)
2,581

 
2,713

Altice Management Americas (b)
1,271

 
33

i24 News (b)
—

 
4,036

Other Altice N.V. subsidiaries (b)
660

 
31

 
$
17,612

 
$
19,764

Due to:
 
 
 
Altice N.V. (c)
13,250

 
—

Newsday (b)
42

 
33

Altice Labs S.A. (d)
1,899

 
7,354

Other Altice N.V. subsidiaries (d)
9,201

 
3,611

 
$
24,392

 
$
10,998

 
(a)
Represents interest on senior notes paid by the Company on behalf of the affiliate.
(b)
Represents amounts paid by the Company on behalf of the respective related party and for Newsday, the net amounts due from the related party also include charges for certain transition services provided.
(c)
Represents amounts due to