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INTERIM FINANCIAL INFORMATION (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
INTERIM FINANCIAL INFORMATION (Unaudited)
INTERIM FINANCIAL INFORMATION (Unaudited)
The following is a summary of the Company's selected quarterly financial data for the years ended December 31, 2014 and 2013:
 
Cablevision
2014:
March 31,
2014
 
June 30,
2014
 
September 30,
2014
 
December 31,
2014
 
Total
2014
 
 
 
 
 
 
 
 
 
 
Revenues, net
$
1,575,586

 
$
1,628,137

 
$
1,626,187

 
$
1,631,036

 
$
6,460,946

Operating expenses
(1,368,503
)
 
(1,372,244
)
 
(1,373,741
)
 
(1,425,200
)
 
(5,539,688
)
Operating income
$
207,083

 
$
255,893

 
$
252,446

 
$
205,836

 
$
921,258

 
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
90,134

 
$
91,028

 
$
71,901

 
$
56,319

 
$
309,382

Income (loss) from discontinued operations, net of income taxes
(434
)
 
3,510

 
(79
)
 
(175
)
 
2,822

Net income
89,700

 
94,538

 
71,822

 
56,144

 
312,204

Net loss (income) attributable to noncontrolling interests
63

 
(328
)
 
(331
)
 
(169
)
 
(765
)
Net income attributable to Cablevision Systems Corporation stockholders
$
89,763

 
$
94,210

 
$
71,491

 
$
55,975

 
$
311,439

Basic income (loss) per share attributable to Cablevision Systems Corporation stockholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
0.34

 
$
0.34

 
$
0.27

 
$
0.21

 
$
1.17

Income (loss) from discontinued operations, net of income taxes
$

 
$
0.01

 
$

 
$

 
$
0.01

Net income
$
0.34

 
$
0.36

 
$
0.27

 
$
0.21

 
$
1.18

Diluted income (loss) per share attributable to Cablevision Systems Corporation stockholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
0.34

 
$
0.34

 
$
0.26

 
$
0.20

 
$
1.14

Income (loss) from discontinued operations, net of income taxes
$

 
$
0.01

 
$

 
$

 
$
0.01

Net income
$
0.33

 
$
0.35

 
$
0.26

 
$
0.20

 
$
1.15

Amounts attributable to Cablevision Systems Corporation stockholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
90,197

 
$
90,700

 
$
71,570

 
$
56,150

 
$
308,617

Income (loss) from discontinued operations, net of income taxes
(434
)
 
3,510

 
(79
)
 
(175
)
 
2,822

Net income
$
89,763

 
$
94,210

 
$
71,491

 
$
55,975

 
$
311,439

 
 
Cablevision
2013:
March 31,
2013
 
June 30,
2013
 
September 30,
2013
 
December 31,
2013
 
Total
2013
Revenues, net
$
1,511,228

 
$
1,569,619

 
$
1,567,837

 
$
1,583,468

 
$
6,232,152

Operating expenses
(1,403,841
)
 
(1,371,856
)
 
(1,342,410
)
 
(1,414,821
)
 
(5,532,928
)
Operating income
$
107,387

 
$
197,763

 
$
225,427

 
$
168,647

 
$
699,224

 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income taxes
$
(7,133
)
 
$
28,222

 
$
59,748

 
$
46,488

 
$
127,325

Income (loss) from discontinued operations, net of income taxes
(9,265
)
 
107,495

 
235,286

 
4,800

 
338,316

Net income (loss)
(16,398
)
 
135,717

 
295,034

 
51,288

 
465,641

Net loss (income) attributable to noncontrolling interests
257

 
(358
)
 
(433
)
 
554

 
20

Net income (loss) attributable to Cablevision Systems Corporation stockholders
$
(16,141
)
 
$
135,359

 
$
294,601

 
$
51,842

 
$
465,661

Basic income (loss) per share attributable to Cablevision Systems Corporation
stockholders (a):
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income taxes
$
(0.03
)
 
$
0.11

 
$
0.23

 
$
0.18

 
$
0.49

Income (loss) from discontinued operations, net of income taxes
$
(0.04
)
 
$
0.41

 
$
0.90

 
$
0.02

 
$
1.30

Net income (loss)
$
(0.06
)
 
$
0.52

 
$
1.13

 
$
0.20

 
$
1.79

Diluted income (loss) per share attributable to Cablevision Systems Corporation
stockholders (a):
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income taxes
$
(0.03
)
 
$
0.11

 
$
0.22

 
$
0.18

 
$
0.48

Income (loss) from discontinued operations, net of income taxes
$
(0.04
)
 
$
0.41

 
$
0.88

 
$
0.02

 
$
1.27

Net income (loss)
$
(0.06
)
 
$
0.51

 
$
1.10

 
$
0.19

 
$
1.75

Amounts attributable to Cablevision Systems Corporation stockholders:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income taxes
$
(6,876
)
 
$
27,864

 
$
59,315

 
$
47,042

 
$
127,345

Income (loss) from discontinued operations, net of income taxes
(9,265
)
 
107,495

 
235,286

 
4,800

 
338,316

Net income (loss)
$
(16,141
)
 
$
135,359

 
$
294,601

 
$
51,842

 
$
465,661

 
(a)
Since Cablevision generated a loss from continuing operations for the three months ended March 31, 2013, the outstanding common stock equivalents were excluded from the computation of net loss per share for the respective period as the impact would be anti-dilutive. 
 
CSC Holdings
2014:
March 31,
 
June 30,
 
September 30,
 
December 31,
 
Total
 
2014
 
2014
 
2014
 
2014
 
2014
Revenues, net
$
1,575,586

 
$
1,628,137

 
$
1,626,187

 
$
1,631,036

 
$
6,460,946

Operating expenses
(1,368,503
)
 
(1,372,244
)
 
(1,373,741
)
 
(1,425,200
)
 
(5,539,688
)
Operating income
$
207,083

 
$
255,893

 
$
252,446

 
$
205,836

 
$
921,258

 
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
129,755

 
$
129,321

 
$
109,399

 
$
91,476

 
$
459,951

Income (loss) from discontinued operations, net of income taxes
(434
)
 
3,510

 
(79
)
 
(175
)
 
2,822

Net income
129,321

 
132,831

 
109,320

 
91,301

 
462,773

Net loss (income) attributable to noncontrolling interests
63

 
(328
)
 
(331
)
 
(169
)
 
(765
)
Net income attributable to CSC Holdings, LLC sole member
$
129,384

 
$
132,503

 
$
108,989

 
$
91,132

 
$
462,008

Amounts attributable to CSC Holdings, LLC sole member:
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
129,818

 
$
128,993

 
$
109,068

 
$
91,307

 
$
459,186

Income (loss) from discontinued operations, net of income taxes
(434
)
 
3,510

 
(79
)
 
(175
)
 
2,822

Net income
$
129,384

 
$
132,503

 
$
108,989

 
$
91,132

 
$
462,008

 
CSC Holdings
2013:
March 31,
 
June 30,
 
September 30,
 
December 31,
 
Total
 
2013
 
2013
 
2013
 
2013
 
2013
Revenues, net
$
1,511,228

 
$
1,569,619

 
$
1,567,837

 
$
1,583,468

 
$
6,232,152

Operating expenses
(1,403,841
)
 
(1,371,856
)
 
(1,342,410
)
 
(1,414,821
)
 
(5,532,928
)
Operating income
$
107,387

 
$
197,763

 
$
225,427

 
$
168,647

 
$
699,224

 
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
33,955

 
$
70,049

 
$
98,051

 
$
87,289

 
$
289,344

Income (loss) from discontinued operations, net of income taxes
(9,265
)
 
106,492

 
235,682

 
(2,198
)
 
330,711

Net income
24,690

 
176,541

 
333,733

 
85,091

 
620,055

Net loss (income) attributable to noncontrolling interests
257

 
(358
)
 
(433
)
 
554

 
20

Net income attributable to CSC Holdings, LLC sole member
$
24,947

 
$
176,183

 
$
333,300

 
$
85,645

 
$
620,075

Amounts attributable to CSC Holdings, LLC sole member:
 
 
 
 
 
 
 
 
 
Income from continuing operations, net of income taxes
$
34,212

 
$
69,691

 
$
97,618

 
$
87,843

 
$
289,364

Income (loss) from discontinued operations, net of income taxes
(9,265
)
 
106,492

 
235,682

 
(2,198
)
 
330,711

Net income
$
24,947

 
$
176,183

 
$
333,300

 
$
85,645

 
$
620,075