AFFILIATE AND RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2021

AFFILIATE AND RELATED PARTY TRANSACTIONS

Affiliate and Related Party Transactions

Altice USA is controlled by Patrick Drahi through Next Alt who also controls Altice Europe 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:


	Years Ended December 31,
	2021		2020		2019
Revenue	$	13,238	$	14,729	$	3,974
Operating expenses:
Programming and other direct costs	$	(17,167)	$	(13,346)	$	(11,580)
Other operating expenses, net	(11,989)		(11,869)		(8,355)
Operating expenses, net	(29,156)		(25,215)		(19,935)
Net charges	$	(15,918)	$	(10,486)	$	(15,961)
Capital Expenditures	$	54,163	$	17,216	$	12,167

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 Teads S.A., 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:


	December 31,
	2021		2020
Due from:
Altice Europe	$	241	$	—
Other affiliates and related parties	3,535		4,262
	$	3,776	$	4,262
Due to:
Altice Europe	$	30,604	$	7,938
Other affiliates and related parties	1,206		600
	$	31,810	$	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.

In June 2020, pursuant to the Company's share repurchase program, Altice USA purchased 3,582,525 shares of Altice USA Class A common stock held by Altice Europe for a total consideration of $84,906. See further information regarding the Company's share repurchase plan in Note 1.

During the year ended December 31, 2019, pursuant to our share repurchase plan, Altice USA purchased 14,948,869 shares of Altice USA Class A common stock for a total consideration of approximately $350,000 from Suddenvision S.à.r.l., an entity controlled by BC Partners LLP, a related party as of the transaction dates.

In addition, see Note 1 for a discussion of the acquisition of Neptune LP in 2019.

CSC Holdings

CSC Holdings made cash equity distribution payments to its parent aggregating $763,435, $4,794,408, and $2,279,472 during the years ended December 31, 2021, 2020, and 2019, respectively. CSC Holdings recorded net non-cash equity contributions (distributions) of $(19,500) and $178,720 and $151,455 during the years ended December 31, 2021, 2020 and 2019, 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.