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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues, net, including revenues, net from affiliates $ 1,688,681 $ 1,548,203 $ 3,343,805 $ 3,057,994
Operating expenses:        
Technical and operating, excluding depreciation, amortization and impairments shown below and including charges from affiliates 746,159 647,084 1,484,304 1,307,780
Selling, general and administrative, net of charges to affiliates 382,382 353,986 756,409 709,162
Restructuring expense 94 158 265 161
Depreciation and amortization (including impairments) 247,605 217,987 492,788 433,190
Total operating expenses 1,376,240 1,219,215 2,733,766 2,450,293
Operating income 312,441 [1] 328,988 [1] 610,039 [1] 607,701 [1]
Other income (expense):        
Interest expense (188,492) (189,109) (379,649) (352,744)
Interest income 197 211 270 302
Gain (loss) on investments, net 13,312 (31,366) 72,384 10,928
Gain (loss) on equity derivative contracts, net (2,823) 32,292 (42,881) (2,741)
Loss on interest rate swap contracts, net (5,497) (21,771) (9,686) (56,880)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (110,049) 0 (110,049)
Miscellaneous, net 238 240 455 585
Total other income (expense) (183,065) (319,552) (359,107) (510,599)
Income from continuing operations before income taxes 129,376 [1] 9,436 [1] 250,932 [1] 97,102 [1]
Income tax benefit (expense) (59,836) 11,092 (112,379) (31,853)
Income from continuing operations 69,540 20,528 138,553 65,249
Income from discontinued operations, net of income taxes 18,592 40,553 53,623 70,020
Net income 88,132 61,081 192,176 135,269
Net income attributable to noncontrolling interests (288) (217) (267) (245)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member 87,844 60,864 191,909 135,024
Basic net income per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.25 $ 0.07 $ 0.49 $ 0.22
Income from discontinued operations (in dollars per share) $ 0.07 $ 0.14 $ 0.19 $ 0.24
Net income (in dollars per share) $ 0.32 $ 0.21 $ 0.68 $ 0.46
Basic weighted average common shares (in shares) 278,303 295,762 280,203 294,828
Diluted net income per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.24 $ 0.07 $ 0.48 $ 0.21
Income from discontinued operations (in dollars per share) $ 0.06 $ 0.13 $ 0.19 $ 0.23
Net income (in dollars per share) $ 0.31 $ 0.20 $ 0.66 $ 0.45
Diluted weighted average common shares (in shares) 286,154 303,914 288,674 303,373
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes 69,252 20,311 138,286 65,004
Income from discontinued operations, net of income taxes 18,592 40,553 53,623 70,020
Net income 87,844 60,864 191,909 135,024
Cash dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.125 $ 0.275 $ 0.225
CSC Holdings, LLC [Member]
       
Revenues, net, including revenues, net from affiliates 1,688,681 1,548,203 3,343,805 3,057,994
Operating expenses:        
Technical and operating, excluding depreciation, amortization and impairments shown below and including charges from affiliates 746,159 647,084 1,484,304 1,307,780
Selling, general and administrative, net of charges to affiliates 382,382 353,986 756,409 709,162
Restructuring expense 94 158 265 161
Depreciation and amortization (including impairments) 247,605 217,987 492,788 433,190
Total operating expenses 1,376,240 1,219,215 2,733,766 2,450,293
Operating income 312,441 328,988 610,039 607,701
Other income (expense):        
Interest expense (142,612) (141,469) (287,952) (264,338)
Interest income 14,964 15,361 29,799 31,148
Gain (loss) on investments, net 13,312 (31,366) 72,384 10,928
Gain (loss) on equity derivative contracts, net (2,823) 32,292 (42,881) (2,741)
Loss on interest rate swap contracts, net (5,497) (21,771) (9,686) (56,880)
Miscellaneous, net 238 240 455 585
Total other income (expense) (122,418) (146,713) (237,881) (281,298)
Income from continuing operations before income taxes 190,023 182,275 372,158 326,403
Income tax benefit (expense) (91,984) (59,320) (169,114) (122,052)
Income from continuing operations 98,039 122,955 203,044 204,351
Income from discontinued operations, net of income taxes 18,592 40,553 53,623 70,020
Net income 116,631 163,508 256,667 274,371
Net income attributable to noncontrolling interests (288) (217) (267) (245)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member 116,343 163,291 256,400 274,126
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes 97,751 122,738 202,777 204,106
Income from discontinued operations, net of income taxes 18,592 40,553 53,623 70,020
Net income $ 116,343 $ 163,291 $ 256,400 $ 274,126
[1] Includes costs historically allocated to AMC Networks that were not eliminated as a result of the AMC Networks Distribution.