SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 14.    SEGMENT INFORMATION

The Company classifies its operations into three reportable segments: (1) Cable, (2) Lightpath, and (3) Other, consisting principally of (i) Newsday, (ii) the News 12 Networks, (iii) Cablevision Media Sales, and (iv) certain other businesses and unallocated corporate costs.

The Company's reportable segments are strategic business units that are managed separately.  The Company evaluates segment performance based on several factors, of which the primary financial measure is business segment adjusted operating cash flow ("AOCF") (defined as operating income (loss) excluding depreciation and amortization (including impairments), share-based compensation expense or benefit and restructuring expense or credits), a non-GAAP measure.  The Company has presented the components that reconcile AOCF to operating income (loss), an accepted GAAP measure.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenues, net from continuing operations
Cable	$	1,447,470		$	1,458,696		$	4,380,152		$	4,330,755
Lightpath	91,234			87,887			273,398			262,671
Other	83,590			88,585			256,681			264,935
Inter-segment eliminations (a)	(9,693		)	(8,981		)	(29,466		)	(28,451		)
	$	1,612,601		$	1,626,187		$	4,880,765		$	4,829,910

Inter-segment revenues
Cable	$	(565	)	$	(463	)	$	(1,681	)	$	(1,424	)
Lightpath	(4,525		)	(3,870		)	(13,916		)	(13,037		)
Other	(4,603		)	(4,648		)	(13,869		)	(13,990		)
	$	(9,693	)	$	(8,981	)	$	(29,466	)	$	(28,451	)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Adjusted operating cash flow (deficit) from continuing operations
Cable	$	423,759		$	470,602		$	1,333,011		$	1,392,509
Lightpath	41,921			39,038			129,078			116,783
Other	(48,335		)	(37,945		)	(116,386		)	(115,980		)
	$	417,345		$	471,695		$	1,345,703		$	1,393,312

Depreciation and amortization (including impairments) included in continuing operations
Cable (b)	$	(185,000	)	$	(178,779	)	$	(554,615	)	$	(554,634	)
Lightpath (b)	(22,053		)	(20,903		)	(66,294		)	(61,404		)
Other	(10,235		)	(9,387		)	(29,208		)	(28,404		)
	$	(217,288	)	$	(209,069	)	$	(650,117	)	$	(644,442	)
Share-based compensation expense included in continuing operations
Cable	$	(11,862	)	$	(6,858	)	$	(30,791	)	$	(22,460	)
Lightpath	(2,003		)	(1,233		)	(5,311		)	(4,009		)
Other	(3,557		)	(2,226		)	(9,170		)	(6,449		)
	$	(17,422	)	$	(10,317	)	$	(45,272	)	$	(32,918	)

Restructuring credits (expense) included in continuing operations
Cable	$	4	$	—	$	4	$	19
Lightpath	—		—		—		15
Other	477		137		1,013		(564		)
	$	481	$	137	$	1,017	$	(530	)

Operating income (loss) from continuing operations
Cable	$	226,901		$	284,965		$	747,609		$	815,434
Lightpath	17,865			16,902			57,473			51,385
Other	(61,650		)	(49,421		)	(153,751		)	(151,397		)
	$	183,116		$	252,446		$	651,331		$	715,422

(a) Inter-segment eliminations relate primarily to revenues recognized from the sale of local programming and voice services to our Cable segment.

(b) The Cable and Lightpath segments share portions of each other's network infrastructure.  Depreciation charges are recorded by the segment that acquired the respective asset.

For the three and nine months ended September 30, 2015 and 2014, Cable segment revenue was derived from the following sources:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Video (including equipment rental, DVR, franchise fees, video-on-demand and pay-per-view)	$	784,879	$	799,982	$	2,398,394	$	2,399,280
High-speed data	370,736		355,976		1,103,778		1,057,251
Voice	228,202		233,110		691,854		680,065
Advertising	32,080		42,912		99,258		115,621
Other (including installation, advertising sales commissions, home shopping, and other products)	31,573		26,716		86,868		78,538
	$	1,447,470	$	1,458,696	$	4,380,152	$	4,330,755

A reconciliation of reportable segment amounts to Cablevision's and CSC Holdings' consolidated balances is as follows:
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Operating income for reportable segments	$	183,116		$	252,446		$	651,331		$	715,422
Items excluded from operating income:
CSC Holdings interest expense	(91,201		)	(90,862		)	(271,092		)	(263,662		)
CSC Holdings interest income	213			99			538			274
CSC Holdings intercompany interest income	12,013			12,013			36,040			36,040
Gain (loss) on investments, net	(66,388		)	2,151			(20,641		)	38,988
Gain on equity derivative contracts, net	66,143			13,679			89,616			19,715
Loss on extinguishment of debt and write-off of deferred financing costs	—			(1,931		)	(1,735		)	(9,618		)
Miscellaneous, net	1,800			811			4,114			3,348
CSC Holdings income from continuing operations before income taxes	105,696			188,406			488,171			540,507
Cablevision interest expense	(55,723		)	(55,685		)	(167,057		)	(167,083		)
Intercompany interest expense	(12,013		)	(12,013		)	(36,040		)	(36,040		)
Cablevision interest income	12			6			24			12
Write-off of deferred financing costs, net of gain on extinguishment of debt	—			—			—			(611		)
Cablevision income from continuing operations before income taxes	$	37,972		$	120,714		$	285,098		$	336,785

The following table summarizes the Company's capital expenditures by reportable segment for the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Capital expenditures
Cable	$	191,617	$	168,446	$	511,185	$	521,026
Lightpath	24,083		28,434		70,877		81,401
Other	6,964		7,872		21,907		27,518
	$	222,664	$	204,752	$	603,969	$	629,945

All revenues and assets of the Company's reportable segments are attributed to or located in the United States primarily concentrated in the New York metropolitan area.