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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues, net (including revenues, net from affiliates) $ 1,612,601 $ 1,626,187 $ 4,880,765 $ 4,829,910
Operating expenses:        
Technical and operating (excluding depreciation, amortization and impairments shown below and including net charges from affiliates) 800,879 787,628 2,402,363 2,348,928
Selling, general and administrative (including net charges from affiliates) 411,799 377,181 1,177,971 1,120,588
Restructuring expense (credits) (481) (137) (1,017) 530
Depreciation and amortization (including impairments) 217,288 209,069 650,117 644,442
Total operating expenses 1,429,485 1,373,741 4,229,434 4,114,488
Operating income 183,116 252,446 651,331 715,422
Other income (expense):        
Interest expense, net (146,699) (146,442) (437,587) (430,459)
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 0 (1,931) (1,735) (10,229)
Miscellaneous, net 1,800 811 4,114 3,348
Total other income (expense) (145,144) (131,732) (366,233) (378,637)
Income from continuing operations before income taxes 37,972 120,714 285,098 336,785
Income tax expense (14,541) (48,813) (131,090) (83,722)
Income from continuing operations, net of income taxes 23,431 71,901 154,008 253,063
Income (loss) from discontinued operations, net of income taxes (406) (79) (10,908) 2,997
Net income 23,025 71,822 143,100 256,060
Net loss (income) attributable to noncontrolling interests 78 (331) 231 (596)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 23,103 $ 71,491 $ 143,331 $ 255,464
Basic income (loss) per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.09 $ 0.27 $ 0.57 $ 0.96
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 (0.04) 0.01
Net income (in dollars per share) $ 0.09 $ 0.27 $ 0.53 $ 0.97
Basic weighted average common shares (in thousands) 270,024 265,403 269,089 263,832
Diluted income (loss) per share attributable to Cablevision Systems Corporation stockholders:        
Income from continuing operations (in dollars per share) $ 0.08 $ 0.26 $ 0.56 $ 0.94
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 (0.04) 0.01
Net income (in dollars per share) $ 0.08 $ 0.26 $ 0.52 $ 0.95
Diluted weighted average common shares (in thousands) 277,266 271,269 275,632 269,625
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes $ 23,509 $ 71,570 $ 154,239 $ 252,467
Income (loss) from discontinued operations, net of income taxes (406) (79) (10,908) 2,997
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 23,103 $ 71,491 $ 143,331 $ 255,464
Cash dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45
CSC Holdings, LLC        
Revenues, net (including revenues, net from affiliates) $ 1,612,601 $ 1,626,187 $ 4,880,765 $ 4,829,910
Operating expenses:        
Technical and operating (excluding depreciation, amortization and impairments shown below and including net charges from affiliates) 800,879 787,628 2,402,363 2,348,928
Selling, general and administrative (including net charges from affiliates) 411,799 377,181 1,177,971 1,120,588
Restructuring expense (credits) (481) (137) (1,017) 530
Depreciation and amortization (including impairments) 217,288 209,069 650,117 644,442
Total operating expenses 1,429,485 1,373,741 4,229,434 4,114,488
Operating income 183,116 252,446 651,331 715,422
Other income (expense):        
Interest expense (91,201) (90,862) (271,092) (263,662)
Interest income 12,226 12,112 36,578 36,314
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 0 (1,931) (1,735) (9,618)
Miscellaneous, net 1,800 811 4,114 3,348
Total other income (expense) (77,420) (64,040) (163,160) (174,915)
Income from continuing operations before income taxes 105,696 188,406 488,171 540,507
Income tax expense (43,452) (79,007) (219,187) (172,032)
Income from continuing operations, net of income taxes 62,244 109,399 268,984 368,475
Income (loss) from discontinued operations, net of income taxes (406) (79) (10,908) 2,997
Net income 61,838 109,320 258,076 371,472
Net loss (income) attributable to noncontrolling interests 78 (331) 231 (596)
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member 61,916 108,989 258,307 370,876
Amounts attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member:        
Income from continuing operations, net of income taxes 62,322 109,068 269,215 367,879
Income (loss) from discontinued operations, net of income taxes (406) (79) (10,908) 2,997
Net income attributable to Cablevision Systems Corporation stockholders/CSC Holdings, LLC's sole member $ 61,916 $ 108,989 $ 258,307 $ 370,876