INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 consist of the following components:


	Altice USA						CSC Holdings
	Years Ended December 31,						Years Ended December 31,
	2021		2020		2019		2021		2020		2019
Current expense (benefit):
Federal	$	168,397	$	—	$	—	$	179,032	$	(55,044)	$	240,229
State	56,211		65,804		33,103		56,211		82,238		70,567
Foreign	(3)		—		—		(3)		—		—
	224,605		65,804		33,103		235,240		27,194		310,796
Deferred expense (benefit):
Federal	70,989		113,871		43,105		70,989		156,338		(176,591)
State	(30,108)		(38,359)		(28,174)		(38,608)		(55,121)		(62,118)
Foreign	(180)		—		—		(180)		—		—
	40,701		75,512		14,931		32,201		101,217		(238,709)
	265,306		141,316		48,034		267,441		128,411		72,087
Tax benefit relating to uncertain tax positions	29,669		(1,568)		(844)		29,669		(1,568)		(844)
Income tax expense	$	294,975	$	139,748	$	47,190	$	297,110	$	126,843	$	71,243

Schedule of Effective Income Tax Rate Reconciliation

The income tax expense (benefit) attributable to Altice USA's operations differs from the amount derived by applying the statutory federal rate to pretax loss principally due to the effect of the following items:


	Altice USA						CSC Holdings
	Years Ended December 31,						Years Ended December 31,
	2021		2020		2019		2021		2020		2019
Federal tax expense at statutory rate	$	274,240	$	122,478	$	39,297	$	274,240	$	122,363	$	59,653
State income taxes, net of federal impact	21,492		59,383		(6,256)		13,973		58,802		(9,060)
Changes in the valuation allowance	13,573		10,333		4,079		12,793		10,598		4,307

Changes in the state rates used to measure deferred taxes, net of federal impact	(6,924)		(46,768)		(1,046)		(7,125)		(46,768)		6,532
Tax expense (benefit) relating to uncertain tax positions	29,669		(1,568)		(847)		29,669		(1,568)		(847)
Tax credits	(7,589)		(17,205)		—		(7,589)		(17,205)		—
Non-deductible share-based compensation related to the carried unit plan	169		2,108		15,642		169		2,108		15,642
Non-deductible officers compensation	7,201		6,715		—		7,201		6,715		—
Other permanent differences	(35,256)		—		—		(35,256)		—		—
Other non-deductible expenses (benefits)	1,483		(883)		1,334		1,483		(886)		1,334
Other, net	(3,083)		5,155		(5,013)		7,552		(7,316)		(6,318)
Income tax expense	$	294,975	$	139,748	$	47,190	$	297,110	$	126,843	$	71,243

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences which give rise to significant portions of deferred tax assets or liabilities and the corresponding valuation allowance are as follows:


	Altice USA				CSC Holdings
	December 31,				December 31,
	2021		2020		2021		2020
Noncurrent
NOLs, capital loss, and tax credit carry forwards	$	171,707	$	75,912	$	134,260	$	30,745
Compensation and benefit plans	63,870		57,198		63,870		57,198
Restructuring liability	2,208		7,169		2,208		7,169
Other liabilities	40,946		49,363		40,946		49,363
Liabilities under derivative contracts	475,970		510,519		475,970		510,519
Interest deferred for tax purposes	63,402		38,100		63,402		38,100
Operating lease liability	65,538		70,648		65,538		70,648
Other	—		199		—		199
Deferred tax assets	883,641		809,108		846,194		763,941
Less: Valuation allowance	(53,384)		(39,811)		(35,251)		(22,457)
Net deferred tax assets, noncurrent	830,257		769,297		810,943		741,484

Deferred tax liabilities:
Fixed assets and intangibles	(4,955,405)		(4,979,333)		(4,955,405)		(4,979,333)
Operating lease asset	(51,494)		(56,363)		(51,494)		(56,363)
Investments	(559,919)		(587,184)		(559,919)		(587,184)
Partnership investments	(143,908)		(118,150)		(143,908)		(118,150)
Prepaid expenses	(13,042)		(12,755)		(13,042)		(12,755)
Fair value adjustments related to debt and deferred financing costs	(11,985)		(21,679)		(11,985)		(21,679)
Opportunity Zone tax deferral	(142,631)		—		(142,631)		—
Deferred tax liability, noncurrent	(5,878,384)		(5,775,464)		(5,878,384)		(5,775,464)
Total net deferred tax liabilities	$	(5,048,127)	$	(5,006,167)	$	(5,067,441)	$	(5,033,980)