AFFILIATE AND RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2021

AFFILIATE AND RELATED PARTY TRANSACTIONS

Affiliate and Related Party Transactions

Altice USA is controlled by Patrick Drahi who also controls Altice Europe N.V. ("Altice Europe") and its subsidiaries and other entities.

As the transactions discussed below were conducted between entities under common control by Mr. Drahi, amounts charged for certain services may not have represented amounts that might have been received or incurred if the transactions were based upon arm's length negotiations.

The following table summarizes the revenue and expenses related to services provided to or received from affiliates and related parties:


	Three Months Ended March 31,
	2021		2020
Revenue	$	3,406	$	3,488
Operating expenses:
Programming and other direct costs	$	(2,228)	$	(2,189)
Other operating expenses, net	(3,179)		(3,941)

Operating expenses, net	(5,407)		(6,130)







Net charges	$	(2,001)	$	(2,642)
Capital Expenditures	$	10,621	$	7,225

Revenue

The Company recognized revenue primarily from the sale of advertising to a subsidiary of Altice Europe and a foundation controlled by Patrick Drahi.

Programming and other direct costs

Programming and other direct costs include costs incurred by the Company for advertising services provided by a subsidiary of Altice Europe.

Other operating expenses, net

Other operating expenses primarily include charges for services provided by certain subsidiaries of Altice Europe and other related parties.

Capital Expenditures

Capital expenditures primarily include costs for equipment purchased and software development services provided by subsidiaries of Altice Europe.

Aggregate amounts that were due from and due to affiliates and related parties are summarized below:



	March 31,		December 31,
	2021		2020


Due from other affiliates and related parties	$	3,795	$	4,262

Due to:
Altice Europe	$	11,472	$	7,938
Other affiliates and related parties	1,226		600


	$	12,698	$	8,538

Amounts due from affiliates presented in the table above represent amounts paid by the Company on behalf of or for services provided to the respective related party. Amounts due to affiliates relate to the purchase of equipment and advertising services, as well as reimbursement for payments made on our behalf.

CSC Holdings

CSC Holdings made cash equity distribution payments to its parent aggregating $501,000, and $720,350 during the three months ended March 31, 2021 and 2020, respectively. CSC Holdings also recorded net non-cash equity contributions of $745 and $150,602 during the three months ended March 31, 2021 and 2020, respectively, which represent the non-cash settlement of intercompany balances with Altice USA. These balances primarily include amounts due to/due from Altice USA pursuant to a tax sharing agreement between the entities.