XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues, net, including revenues, net from affiliates$ 1,665,790$ 1,542,827$ 5,009,595$ 4,600,821
Operating expenses:    
Technical and operating, excluding depreciation, amortization and impairments shown below and including charges from affiliates766,135668,5432,250,4391,976,323
Selling, general and administrative, net of charges to affiliates370,680346,8771,127,0891,056,039
Restructuring expense2711292172
Depreciation and amortization (including impairments)256,545218,955749,333652,145
Total operating expenses1,393,3871,234,3864,127,1533,684,679
Operating income272,403308,441882,442916,142
Other income (expense):    
Interest expense(182,565)(176,629)(562,214)(529,373)
Interest income267242537544
Gain (loss) on investments, net(95,362)15,328(22,978)26,256
Gain (loss) on equity derivative contracts, net81,737(7,060)38,856(9,801)
Loss on interest rate swap contracts, net1,173(24,921)(8,513)(81,801)
Loss on extinguishment of debt and write-off of deferred financing costs(3,027)0(3,027)(110,049)
Miscellaneous, net275362730947
Total other income (expense)(197,502)(192,678)(556,609)(703,277)
Income from continuing operations before income taxes74,901115,763325,833212,865
Income tax benefit (expense)(35,297)(47,016)(147,676)(78,869)
Income from continuing operations39,60468,747178,157133,996
Income from discontinued operations, net of income taxes043,61653,623113,636
Net income39,604112,363231,780247,632
Net income attributable to noncontrolling interests(285)(302)(552)(547)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member39,319112,061231,228247,085
Basic net income per share attributable to Cablevision Systems Corporation stockholders:    
Income from continuing operations (in dollars per share)$ 0.14$ 0.23$ 0.64$ 0.45
Income from discontinued operations (in dollars per share)$ 0$ 0.15$ 0.19$ 0.39
Net income (in dollars per share)$ 0.14$ 0.38$ 0.83$ 0.84
Basic weighted average common shares (in shares)275,145293,671278,498294,438
Diluted net income per share attributable to Cablevision Systems Corporation stockholders:    
Income from continuing operations (in dollars per share)$ 0.14$ 0.23$ 0.62$ 0.44
Income from discontinued operations (in dollars per share)$ 0$ 0.14$ 0.19$ 0.38
Net income (in dollars per share)$ 0.14$ 0.37$ 0.81$ 0.82
Diluted weighted average common shares (in shares)284,113302,143287,137302,958
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:    
Income from continuing operations, net of income taxes39,31968,445177,605133,449
Income from discontinued operations, net of income taxes043,61653,623113,636
Net income39,319112,061231,228247,085
Cash dividends declared per share of common stock (in dollars per share)$ 0.15$ 0.125$ 0.425$ 0.35
CSC Holdings, LLC [Member]
    
Revenues, net, including revenues, net from affiliates1,665,7901,542,8275,009,5954,600,821
Operating expenses:    
Technical and operating, excluding depreciation, amortization and impairments shown below and including charges from affiliates766,135668,5432,250,4391,976,323
Selling, general and administrative, net of charges to affiliates370,680346,8771,127,0891,056,039
Restructuring expense2711292172
Depreciation and amortization (including impairments)256,545218,955749,333652,145
Total operating expenses1,393,3871,234,3864,127,1533,684,679
Operating income272,403308,441882,442916,142
Other income (expense):    
Interest expense(136,683)(130,775)(424,635)(395,113)
Interest income15,03514,97444,83446,122
Gain (loss) on investments, net(95,362)15,328(22,978)26,256
Gain (loss) on equity derivative contracts, net81,737(7,060)38,856(9,801)
Loss on interest rate swap contracts, net1,173(24,921)(8,513)(81,801)
Loss on extinguishment of debt and write-off of deferred financing costs(3,027)0(3,027)0
Miscellaneous, net275375730960
Total other income (expense)(136,852)(132,079)(374,733)(413,377)
Income from continuing operations before income taxes135,551176,362507,709502,765
Income tax benefit (expense)(62,123)(71,640)(231,237)(193,692)
Income from continuing operations73,428104,722276,472309,073
Income from discontinued operations, net of income taxes043,61653,623113,636
Net income73,428148,338330,095422,709
Net income attributable to noncontrolling interests(285)(302)(552)(547)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member73,143148,036329,543422,162
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:    
Income from continuing operations, net of income taxes73,143104,420275,920308,526
Income from discontinued operations, net of income taxes043,61653,623113,636
Net income$ 73,143$ 148,036$ 329,543$ 422,162