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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues, net (including revenues, net from affiliates) $ 1,653,393 $ 1,628,137 $ 3,268,164 $ 3,203,723
Operating expenses:        
Technical and operating (excluding depreciation, amortization and impairments shown below and including net charges from affiliates) 805,596 788,317 1,601,484 1,561,300
Selling, general and administrative (including net charges from affiliates) 389,408 363,187 766,172 743,407
Restructuring expense (credits) (4) (348) (536) 667
Depreciation and amortization (including impairments) 213,929 221,088 432,829 435,373
Total operating expenses 1,408,929 1,372,244 2,799,949 2,740,747
Operating income 244,464 255,893 468,215 462,976
Other income (expense):        
Interest expense, net (145,876) (143,135) (290,888) (284,017)
Gain on investments, net 78,818 78,612 45,747 36,837
Gain (loss) on equity derivative contracts, net (22,693) (32,613) 23,473 6,036
Loss on extinguishment of debt and write-off of deferred financing costs (1,735) (7,687) (1,735) (8,298)
Miscellaneous, net 1,307 1,806 2,314 2,537
Total other income (expense) (90,179) (103,017) (221,089) (246,905)
Income from continuing operations before income taxes 154,285 152,876 247,126 216,071
Income tax expense (78,609) (61,848) (116,549) (34,909)
Income from continuing operations, net of income taxes 75,676 91,028 130,577 181,162
Income (loss) from discontinued operations, net of income taxes 0 3,510 (10,502) 3,076
Net income 75,676 94,538 120,075 184,238
Net loss (income) attributable to noncontrolling interests (81) (328) 153 (265)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 75,595 $ 94,210 $ 120,228 $ 183,973
Basic income (loss) per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.28 $ 0.34 $ 0.49 $ 0.69
Income (loss) from discontinued operations (in dollars per share) 0.00 0.01 (0.04) 0.01
Net income (in dollars per share) $ 0.28 $ 0.36 $ 0.45 $ 0.70
Basic weighted average common shares (in thousands) 269,301 263,730 268,614 263,033
Diluted income (loss) per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.27 $ 0.34 $ 0.48 $ 0.67
Income (loss) from discontinued operations (in dollars per share) 0.00 0.01 (0.04) 0.01
Net income (in dollars per share) $ 0.27 $ 0.35 $ 0.44 $ 0.68
Diluted weighted average common shares (in thousands) 275,228 269,260 274,802 268,729
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes $ 75,595 $ 90,700 $ 130,730 $ 180,897
Income (loss) from discontinued operations, net of income taxes 0 3,510 (10,502) 3,076
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 75,595 $ 94,210 $ 120,228 $ 183,973
Cash dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30
CSC Holdings, LLC        
Revenues, net (including revenues, net from affiliates) $ 1,653,393 $ 1,628,137 $ 3,268,164 $ 3,203,723
Operating expenses:        
Technical and operating (excluding depreciation, amortization and impairments shown below and including net charges from affiliates) 805,596 788,317 1,601,484 1,561,300
Selling, general and administrative (including net charges from affiliates) 389,408 363,187 766,172 743,407
Restructuring expense (credits) (4) (348) (536) 667
Depreciation and amortization (including impairments) 213,929 221,088 432,829 435,373
Total operating expenses 1,408,929 1,372,244 2,799,949 2,740,747
Operating income 244,464 255,893 468,215 462,976
Other income (expense):        
Interest expense (90,339) (87,580) (179,891) (172,800)
Interest income 12,175 12,117 24,352 24,202
Gain on investments, net 78,818 78,612 45,747 36,837
Gain (loss) on equity derivative contracts, net (22,693) (32,613) 23,473 6,036
Loss on extinguishment of debt and write-off of deferred financing costs (1,735) (7,687) (1,735) (7,687)
Miscellaneous, net 1,307 1,806 2,314 2,537
Total other income (expense) (22,467) (35,345) (85,740) (110,875)
Income from continuing operations before income taxes 221,997 220,548 382,475 352,101
Income tax expense (108,193) (91,227) (175,735) (93,025)
Income from continuing operations, net of income taxes 113,804 129,321 206,740 259,076
Income (loss) from discontinued operations, net of income taxes 0 3,510 (10,502) 3,076
Net income 113,804 132,831 196,238 262,152
Net loss (income) attributable to noncontrolling interests (81) (328) 153 (265)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member 113,723 132,503 196,391 261,887
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes 113,723 128,993 206,893 258,811
Income (loss) from discontinued operations, net of income taxes 0 3,510 (10,502) 3,076
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 113,723 $ 132,503 $ 196,391 $ 261,887