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CSC HOLDINGS - CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 202,141 $ 278,539
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization (including impairments) 435,349 434,857
Loss (gain) on derivative contracts, net (101,074) 53,565
Amortization of deferred financing costs and discounts (premiums) on indebtedness 20,342 23,039
Share-based compensation expense 40,532 28,281
Deferred income taxes (16,149) 29,165
Operating Lease, Right-of-Use Asset, Amortization Expense 10,955 10,816
Provision for doubtful accounts 14,737 11,133
Other (287) 1,074
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable, trade 9,112 55,293
Prepaid expenses and other assets (19,462) (26,321)
Amounts due from and due to affiliates (8,992) 4,627
Accounts payable and accrued liabilities (13,477) (29,696)
Deferred revenue 14,613 38,501
Liabilities related to interest rate swap contracts (138,894) (89,798)
Net cash provided by operating activities 600,219 749,622
Cash flows from investing activities:    
Capital expenditures (392,371) (212,791)
Other, net 888 2,143
Net cash used in investing activities (391,483) (210,648)
Cash flows from financing activities:    
Proceeds from long-term debt 150,000 150,000
Repayment of long-term debt (329,688) (225,863)
Proceeds from collateralized indebtedness and related derivative contracts, net 0 185,105
Repayment of collateralized indebtedness and related derivative contracts, net 0 (185,105)
Principal payments on finance lease obligations (28,941) (18,330)
Other 0 393
Net cash used in financing activities (208,629) (597,445)
Net increase (decrease) in cash and cash equivalents 107 (58,471)
Net decrease in cash and cash equivalents (63) (57,851)
Cash, cash equivalents and restricted cash at beginning of year 195,975 278,686
Cash, cash equivalents and restricted cash at end of period 195,912 220,835
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (170) 620
Gain on investments, net (150,773) 73,453
CSC Holdings    
Cash flows from operating activities:    
Net income 202,141 278,539
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization (including impairments) 435,349 434,857
Loss (gain) on derivative contracts, net (101,074) 53,565
Amortization of deferred financing costs and discounts (premiums) on indebtedness 20,342 23,039
Share-based compensation expense 40,532 28,281
Deferred income taxes (16,149) 29,165
Operating Lease, Right-of-Use Asset, Amortization Expense 10,955 10,816
Provision for doubtful accounts 14,737 11,133
Other (287) 1,074
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable, trade 9,112 55,293
Prepaid expenses and other assets (18,703) (26,321)
Amounts due from and due to affiliates (8,992) 3,882
Accounts payable and accrued liabilities (13,477) (29,611)
Deferred revenue 14,613 38,501
Liabilities related to interest rate swap contracts (138,894) (89,798)
Net cash provided by operating activities 600,978 748,962
Cash flows from investing activities:    
Capital expenditures (392,371) (212,791)
Other, net 888 2,143
Net cash used in investing activities (391,483) (210,648)
Cash flows from financing activities:    
Proceeds from long-term debt 150,000 150,000
Repayment of long-term debt (329,688) (225,863)
Proceeds from collateralized indebtedness and related derivative contracts, net 0 185,105
Repayment of collateralized indebtedness and related derivative contracts, net 0 (185,105)
Distributions to parent 0 501,000
Principal payments on finance lease obligations (28,941) (18,330)
Other 0 (1,465)
Net cash used in financing activities (208,629) (596,658)
Net increase (decrease) in cash and cash equivalents 866 (58,344)
Net decrease in cash and cash equivalents 696 (57,724)
Cash, cash equivalents and restricted cash at beginning of year 193,418 278,202
Cash, cash equivalents and restricted cash at end of period 194,114 220,478
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (170) 620
Gain on investments, net $ (150,773) $ 73,453