Cablevision Systems Corporation – Company Information

Cablevision Systems Corporation logo
Company Cablevision Systems Corporation
Headquarters 1111 Stewart Avenue, Bethpage, NY 11714-3581, USA
CEO and President James L. Dolan
CFO Gregg G. Seibert
Industry Telecommunications
Founder Charles F. Dolan
Founded 1973
Type Public
NYSE stock symbol CVC
Revenue $6.460 billion (2014)
Net income $311.439 million (2014)
Earnings per share $1.15 USD (2014)
Employees 13,656 (2014)
Investor relations contact number: 516-803-2270
Investor relations email: [email protected]

fCablevision Systems Corporation is an American cable television company, based in Bethpage, New York, USA.

It is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘CVC’.

The company was founded in 1973 by Charles F. Dolan.

Cablevision Systems is one of the largest cable providers in the US, with most of the its customers living in New York, Connecticut, Pennsylvania, and New Jersey.

Its services/products are provided under the Optimum® brand of communications services, which includes: Optimum TV® digital cable TV, Optimum Voice® home phone, and Optimum Online® high-speed Internet.

The company also has local media and programming properties, such as: the News 12 Networks, Newsday, and amNewYork.

Income data (in $ thousands) 2014* 2013*
Revenues, net $6,460,946 $6,232,152
Operating expenses $5,539,688 $5,532,928
Operating income $921,258 $699,224
Other income (expense) $(496,108) $(506,264)
Income from continuing operations before income taxes $425,150 $192,960
Income tax expense $(115,768) $(65,635)
Income from continuing operations $309,382 $127,325
Income from discontinued operations, net of income taxes $2,822 $338,316
Net income $312,204 $465,641
Net loss (income) attributable to noncontrolling interests $(765) $20
Net income attributable to Cablevision Systems Corporation stockholders $311,439 $465,661
Balance sheet data (in $ thousands)
Total assets $6,765,171 $6,591,076
Total liabilities $11,797,185 $11,865,326
Total deficiency $(5,040,690) $(5,283,544)
Common share data (in $)
Earnings per Common Share – Basic $1.18 $1.79
Earnings per Common Share – Diluted $1.15 $1.75
Cash flow data (in $ thousands)
Net cash provided by operating activities $1,378,271 $1,134,977
Net cash used in investing activities $(888,062 $(948,658)
Net cash used in financing activities $(346,902) $(655,054)
Cash and cash equivalents at beginning of year $702,224 $332,610
Cash and cash equivalents at end of year $850,413 $702,224

*Years Ended December 31
Source: “Cablevision Systems Corporation Form 10-K 2014”