ALTICE USA, INC., 10-Q filed on 7/31/2020
Quarterly Report
v3.20.2
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2020
Jul. 24, 2020
Document and Entity Information [Abstract]    
Title of 12(b) Security Class A Common Stock, par value $0.01 per share  
Entity Interactive Data Current Yes  
Entity File Number 001-38126  
Document Transition Report false  
Document Type 10-Q  
Entity Central Index Key 0001702780  
Entity Registrant Name Altice USA, Inc.  
Document Fiscal Year Focus 2020  
Entity Filer Category Large Accelerated Filer  
Document Fiscal Period Focus FY  
Amendment Flag false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Document Period End Date Jun. 30, 2020  
Entity Common Stock, Shares Outstanding   578,097,380
Entity Current Reporting Status Yes  
Entity Small Business false  
Current Fiscal Year End Date --12-31  
Entity Tax Identification Number 38-3980194  
Entity Incorporation, State or Country Code DE  
Entity Address, Address Line One 1 Court Square West  
Entity Address, City or Town Long Island City,  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 11101  
City Area Code (516)  
Local Phone Number 803-2300  
Trading Symbol ATUS  
Security Exchange Name NYSE  
Document Quarterly Report true  
v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,952,142 $ 701,898
Restricted cash 264 262
Accounts receivable, trade (less allowance for doubtful accounts of $32,441 and $14,683) 387,739 457,118
Prepaid expenses and other current assets 209,916 215,304
Amounts due from affiliates 3,452 6,774
Total current assets 2,553,513 1,381,356
Property, plant and equipment, net of accumulated depreciation of $5,880,504 and $5,276,921 5,723,109 5,753,401
Operating Lease, Right-of-Use Asset 270,592 280,340
Investment securities pledged as collateral 1,674,395 1,931,697
Derivative contracts 225,791 25,207
Other assets 106,840 92,622
Amortizable intangibles, net of accumulated amortization of $4,054,809 and $3,670,679 3,097,216 3,481,109
Indefinite-lived cable television franchises 13,020,081 13,020,081
Goodwill 8,142,309 8,142,309
Total assets 34,813,846 34,108,122
Current Liabilities:    
Accounts payable 832,011 799,618
Amounts due to affiliates 5,722 7,456
Deferred revenue 117,925 124,777
Accrued employee related costs 109,334 111,337
Interest payable 381,482 385,655
Long-term Debt, Current Maturities 1,859,290 170,682
Other Accrued Liabilities, Current 387,212 378,954
Total current liabilities 3,692,976 1,978,479
Other liabilities 215,781 204,904
Deferred tax liability 4,833,305 4,762,595
Liabilities under derivative contracts 312,916 255,666
Long-term Debt, Right-Of-Use Financing Obligations, Excluding Current Maturities 259,297 269,062
Long-term Debt, Excluding Current Maturities 24,326,397 24,249,603
Total liabilities 33,640,672 31,720,309
Commitments and contingencies (Note 16)
Redeemable equity 15,495 108,551
Stockholders' Equity:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Paid-in capital 817,796 2,039,918
Retained earnings 501,172 390,766
Total stockholders' equity before accumulated other comprehensive Income and non-controlling interest 1,324,835 2,437,118
Treasury Stock, Value 163,869 163,904
Accumulated other comprehensive loss (12,118) (3,250)
Total stockholders' equity 1,148,848 2,269,964
Noncontrolling interest 8,831 9,298
Total stockholders' equity 1,157,679 2,279,262
Total liabilities and equity 34,813,846 34,108,122
Common Class A    
Stockholders' Equity:    
Common stock 4,005 4,572
Common Class B    
Stockholders' Equity:    
Common stock 1,862 1,862
Common Class C    
Stockholders' Equity:    
Common stock 0 0
CSC Holdings    
Current Assets:    
Cash and cash equivalents 1,952,128 697,741
Restricted cash 264 262
Accounts receivable, trade (less allowance for doubtful accounts of $32,441 and $14,683) 387,739 457,118
Prepaid expenses and other current assets 209,916 211,642
Amounts due from affiliates 3,322 6,774
Total current assets 2,553,369 1,373,537
Property, plant and equipment, net of accumulated depreciation of $5,880,504 and $5,276,921 5,723,109 5,753,401
Operating Lease, Right-of-Use Asset 270,592 280,340
Investment securities pledged as collateral 1,674,395 1,931,697
Derivative contracts 225,791 25,207
Other assets 106,840 92,622
Amortizable intangibles, net of accumulated amortization of $4,054,809 and $3,670,679 3,097,216 3,481,109
Indefinite-lived cable television franchises 13,020,081 13,020,081
Goodwill 8,142,309 8,142,309
Total assets 34,813,702 34,100,303
Current Liabilities:    
Accounts payable 832,011 799,618
Amounts due to affiliates 5,722 7,456
Deferred revenue 117,925 124,777
Accrued employee related costs 109,334 111,337
Interest payable 381,482 385,655
Long-term Debt, Current Maturities 1,859,290 170,682
Other Accrued Liabilities, Current 387,212 378,948
Total current liabilities 3,692,976 1,978,473
Other liabilities 215,779 204,904
Deferred tax liability 5,156,281 4,980,599
Liabilities under derivative contracts 312,916 255,666
Long-term Debt, Right-Of-Use Financing Obligations, Excluding Current Maturities 259,297 269,062
Long-term Debt, Excluding Current Maturities 24,326,397 24,249,603
Total liabilities 33,963,646 31,938,307
Redeemable equity 15,495 108,551
Stockholders' Equity:    
Retained earnings 7,480 13,515
Accumulated other comprehensive loss (12,118) (3,250)
Noncontrolling interest 8,831 9,298
Total liabilities and equity $ 34,813,702 $ 34,100,303
v3.20.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Assets [Abstract]    
Property, plant and equipment, accumulated depreciation $ 5,880,504 $ 5,276,921
Amortizable intangible assets, accumulated amortization 4,054,809 3,670,679
Accounts receivable, trade allowance for doubtful accounts $ 32,441 $ 14,683
Stockholders' Equity:    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Treasury Stock, Shares, Acquired 6,935,257 10,457,772
Common stock, shares outstanding (in shares) 579,790,385  
Common Class A    
Stockholders' Equity:    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 4,000,000,000 4,000,000,000
Common stock, shares issued (in shares) 400,531,285 457,207,079
Common stock, shares outstanding (in shares) 393,596,028 446,749,307
Common Class B    
Stockholders' Equity:    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,000,000,000 1,000,000,000
Common stock, shares issued (in shares) 490,086,674 490,086,674
Common stock, shares outstanding (in shares) 186,194,357 186,245,832
Common Class C    
Stockholders' Equity:    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 4,000,000,000 4,000,000,000
Common stock, shares issued (in shares) 0 0
Common stock, shares outstanding (in shares) 0 0
v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue (including revenue from affiliates of $3,379, $496, $6,867, and $1,088 respectively) (See Note 15) $ 2,474,979 $ 2,451,081 $ 4,925,235 $ 4,847,648
Operating expenses:        
Cost of Goods and Services Sold 860,875 818,994 1,725,389 1,631,979
Other operating expenses (including charges from affiliates of $2,161, $2,020, $6,102 and $4,266, respectively) (See Note 15) 542,637 569,459 1,124,946 1,133,891
Restructuring and other expense 40,966 11,465 48,260 26,709
Depreciation and amortization (including impairments) 521,794 568,620 1,069,363 1,130,048
Total operating expenses 1,966,272 1,968,538 3,967,958 3,922,627
Operating income 508,707 482,543 957,277 925,021
Other income (expense):        
Interest expense (351,025) (381,218) (716,236) (769,501)
Interest income 151 605 1,810 2,424
Gain (loss) on investments and sale of affiliate interests, net 197,597 103,146 (257,876) 357,871
Gain (loss) on derivative contracts, net (152,061) (49,624) 287,800 (226,653)
Loss on interest rate swap contracts, net (33,735) (26,900) (88,567) (50,572)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (1,194) 0 (159,096)
Other income, net 669 212 1,592 292
Total other income (expense) (338,404) (354,973) (771,477) (845,235)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 170,303 127,570 185,800 79,786
Income Tax Expense (Benefit) (58,826) (41,160) (75,861) (18,574)
Net income 111,477 86,410 109,939 61,212
Net loss (income) attributable to noncontrolling interests (213) (43) 467 156
Net income attributable to Altice USA, Inc. stockholders $ 111,264 $ 86,367 $ 110,406 $ 61,368
Income per share:        
Earnings Per Share, Basic $ 0.19 $ 0.13 $ 0.18 $ 0.09
Basic weighted average common shares (in thousands) 587,587 668,031 604,500 681,703
Earnings Per Share, Diluted $ 0.19 $ 0.13 $ 0.18 $ 0.09
Weighted Average Number of Shares Outstanding, Diluted 589,466 668,648 606,597 682,014
v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue from affiliates $ 3,379 $ 496 $ 6,867 $ 1,088
Programming and other direct costs from affiliates 1,738 2,087 3,927 3,774
Other operating expenses from affiliates $ 2,161 $ 2,020 $ 6,102 $ 4,266
v3.20.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]            
Net income $ 111,477   $ 86,410   $ 109,939 $ 61,212
Defined benefit pension plans:            
Unrecognized actuarial gain (loss)     (8,567)     (3,648)
Applicable income taxes     2,282     989
Unrecognized gain (loss) arising during period, net of income taxes 1,377   (6,285)   (8,493) (2,659)
Settlement loss included in other expense, net     367     538
Applicable income taxes     (101)     (147)
Settlement loss included in other expense, net, net of income taxes 199   266   566 391
Foreign currency translation adjustment     (336)     (580)
Applicable income taxes     93     157
Foreign currency translation adjustment, net (517) $ (424) (243) $ (181) (941) (423)
Other comprehensive income (loss) 1,059   (6,262)   (8,868) (2,691)
Comprehensive income 112,536   80,148   101,071 58,521
Comprehensive loss (income) attributable to noncontrolling interests     (43)     156
Comprehensive income attributable to Altice USA, Inc. stockholders $ 112,323   $ 80,105   $ 101,538 $ 58,677
v3.20.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Parent [Member]
Retained Earnings [Member]
Treasury Stock [Member]
AOCI Attributable to Parent [Member]
Noncontrolling Interests
Additional Paid-in Capital [Member]
Common Class A
Common Stock
Common Class B
Common Stock
Beginning balance at Dec. 31, 2018 $ 3,680,236 $ 3,670,941 $ 251,830 $ 0 $ (11,783) $ 9,295 $ 3,423,803 $ 4,961 $ 2,130
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders (24,999) (24,999) (24,999)            
Net loss (income) attributable to noncontrolling interests 199         199      
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax (3,752) (3,752)     (3,752)        
Foreign currency translation adjustment, net of income taxes (181) (181)     (181)        
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 13,790 13,790         13,790    
Redeemable equity vested 1,364 1,364         1,364    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock (61,696) (61,696)         (61,696)    
Class A shares acquired through share repurchase program and retired (600,001) (600,001)         (599,707) (294)  
Conversion of Class B to Class A shares               242 (242)
Ending balance at Mar. 31, 2019 3,011,066 3,002,970 226,831 0 (8,212) 8,096 2,777,554 4,909 1,888
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders 1,000         1,000      
Beginning balance at Dec. 31, 2018 3,680,236 3,670,941 251,830 0 (11,783) 9,295 3,423,803 4,961 2,130
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders 61,368                
Net loss (income) attributable to noncontrolling interests 156                
Foreign currency translation adjustment, net of income taxes (423)                
Ending balance at Jun. 30, 2019 2,533,764 2,525,625 313,198 0 (14,474) 8,139 2,220,348 4,681 1,872
Beginning balance at Mar. 31, 2019 3,011,066 3,002,970 226,831 0 (8,212) 8,096 2,777,554 4,909 1,888
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders 86,367 86,367 86,367            
Net loss (income) attributable to noncontrolling interests (43)         (43)      
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax 6,019 6,019     6,019        
Foreign currency translation adjustment, net of income taxes (243) (243)     (243)        
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 16,077 16,077         16,077    
Redeemable equity vested 61,702 61,702         61,702    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock (46,294) (46,294)         (46,294)    
Class A shares acquired through share repurchase program and retired (599,952) (599,952)         (599,703) (249)  
Conversion of Class B to Class A shares               16 (16)
Stock Issued During Period, Value, New Issues 244           244 0  
Ending balance at Jun. 30, 2019 2,533,764 2,525,625 313,198 0 (14,474) 8,139 2,220,348 4,681 1,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock Issued During Period, Value, Acquisitions 10,773           10,768 5  
Beginning balance at Dec. 31, 2019 2,279,262 2,269,964 390,766 (163,904) (3,250) 9,298 2,039,918 4,572 1,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders (858) (858) (858)            
Net loss (income) attributable to noncontrolling interests 680         680      
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax 9,503 9,503     9,503        
Foreign currency translation adjustment, net of income taxes (424) (424)     (424)        
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 27,370 27,370         27,370    
Redeemable equity vested 29,479 29,479         29,479    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock 13,260 13,260         13,260    
Class A shares acquired through share repurchase program and retired (749,998) (749,998)         (749,686) (312)  
Stock Issued During Period, Value, New Issues             2,495 1  
Ending balance at Mar. 31, 2020 1,590,415 1,581,797 389,908 (163,893) (13,177) 8,618 1,362,836 4,261 1,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock Issued During Period, Value, Treasury Stock Reissued (2,507) (2,507)   11          
Beginning balance at Dec. 31, 2019 2,279,262 2,269,964 390,766 (163,904) (3,250) 9,298 2,039,918 4,572 1,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders 110,406                
Net loss (income) attributable to noncontrolling interests 467                
Foreign currency translation adjustment, net of income taxes (941)                
Class A shares acquired through share repurchase program and retired (1,381,235)                
Ending balance at Jun. 30, 2020 1,157,679 1,148,848 501,172 (163,869) (12,118) 8,831 817,796 4,005 1,862
Beginning balance at Mar. 31, 2020 1,590,415 1,581,797 389,908 (163,893) (13,177) 8,618 1,362,836 4,261 1,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income attributable to Altice USA, Inc. stockholders 111,264                
Net loss (income) attributable to noncontrolling interests (213)                
Foreign currency translation adjustment, net of income taxes (517)                
Ending balance at Jun. 30, 2020 $ 1,157,679 $ 1,148,848 $ 501,172 $ (163,869) $ (12,118) $ 8,831 $ 817,796 $ 4,005 $ 1,862
v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 109,939 $ 61,212
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Depletion and Amortization 1,069,363 1,130,048
Loss (gain) on investments and sale of affiliate interests, net 257,876 (357,871)
Gain (Loss) on Price Risk Derivative Instruments Not Designated as Hedging Instruments (287,800) 226,653
Loss on extinguishment of debt and write-off of deferred financing costs 0 159,096
Amortization of deferred financing costs and discounts (premiums) on indebtedness 48,217 53,876
Settlement loss related to pension plan 773 538
Share-based compensation expense related to equity classified awards 61,053 29,867
Deferred income taxes 51,105 19,604
Provision for doubtful accounts 41,857 34,814
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable, trade 27,522 1,804
Other receivables 0 2,740
Prepaid expenses and other assets (5,577) (72,638)
Amounts due from and due to affiliates 1,588 (3,282)
Accounts payable 10,256 18,549
Accrued liabilities (12,796) (98,551)
Deferred revenue (17,302) 12,022
Liabilities related to interest rate swap contracts 148,013 41,322
Net cash provided by operating activities 1,529,541 1,292,964
Cash flows from investing activities:    
Capital expenditures (527,805) (657,253)
Payment for acquisitions, net of cash acquired 0 (172,659)
Proceeds related to sale of equipment and costs of disposal (1,846) 898
Decrease in other investments 4,008 0
Additions to other intangible assets (237) (867)
Net cash used in investing activities (525,880) (829,881)
Cash flows from financing activities:    
Proceeds from credit facility debt, net of discounts 200,000 1,940,000
Repayment of credit facility debt (228,875) (602,830)
Issuance of senior notes, including premiums 1,725,000 1,754,375
Redemption of senior notes, including premiums and fees 0 (2,462,692)
Proceeds from notes payable 0 39,856
Repayment of notes payable (48,239) (74,061)
Principal payments on finance lease obligations (11,935) (3,273)
Purchase of shares of Altice USA Class A common stock pursuant to a share repurchase program (1,381,235) (1,199,953)
Additions to deferred financing costs (5,894) (12,488)
Proceeds from stock option exercises 3,650 0
Contingent payment for acquisition (4,947) (500)
Distributions to noncontrolling interests, net 0 1,000
Net cash provided by (used in) financing activities 247,525 (622,566)
Net increase (decrease) in cash and cash equivalents excluding effect of exchange rate changes 1,251,186 (159,483)
Effect of exchange rate changes on cash and cash equivalents (940) (580)
Net increase (decrease) in cash and cash equivalents 1,250,246 (160,063)
Cash, cash equivalents and restricted cash at beginning of year 702,160 299,038
Cash, cash equivalents and restricted cash at end of period 1,952,406 138,975
Restructuring Reserve, Settled without Cash 2,383 10,014
Non-cash lease expense $ 23,071 $ 23,147
v3.20.2
CSC HOLDINGS - CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Current Assets:                
Cash and cash equivalents $ 1,952,142       $ 1,952,142   $ 701,898  
Restricted cash 264       264   262  
Accounts receivable, trade (less allowance for doubtful accounts of $13,420 and $11,677) 387,739       387,739   457,118  
Prepaid expenses and other current assets (including a prepayment to an affiliate of $19,563 in 2017) (See Note 14) 209,916       209,916   215,304  
Amounts due from affiliates 3,452       3,452   6,774  
Operating Lease, Right-of-Use Asset 270,592       270,592   280,340  
Total current assets 2,553,513       2,553,513   1,381,356  
Property, plant and equipment, net 5,723,109       5,723,109   5,753,401  
Investment securities pledged as collateral 1,674,395       1,674,395   1,931,697  
Derivative contracts 225,791       225,791   25,207  
Other assets 106,840       106,840   92,622  
Amortizable intangible assets, net of accumulated amortization 3,097,216       3,097,216   3,481,109  
Indefinite-lived cable television franchises 13,020,081       13,020,081   13,020,081  
Goodwill 8,142,309       8,142,309   8,142,309  
Total assets 34,813,846       34,813,846   34,108,122  
Current Liabilities:                
Accounts payable 832,011       832,011   799,618  
Amounts due to affiliates 5,722       5,722   7,456  
Accrued liabilities:                
Interest payable 381,482       381,482   385,655  
Accrued employee related costs 109,334       109,334   111,337  
Other Accrued Liabilities, Current 387,212       387,212   378,954  
Contract with Customer, Liability, Current 117,925       117,925   124,777  
Long-term Debt, Current Maturities 1,859,290       1,859,290   170,682  
Total current liabilities 3,692,976       3,692,976   1,978,479  
Other liabilities 215,781       215,781   204,904  
Deferred tax liability 4,833,305       4,833,305   4,762,595  
Liabilities under derivative contracts 312,916       312,916   255,666  
Long-term Debt, Right-Of-Use Financing Obligations, Excluding Current Maturities 259,297       259,297   269,062  
Long-term Debt, Excluding Current Maturities 24,326,397       24,326,397   24,249,603  
Total liabilities 33,640,672       33,640,672   31,720,309  
Commitments and contingencies          
Redeemable equity 15,495       15,495   108,551  
Limited Liability Company (LLC) Members' Equity [Abstract]                
Retained earnings (accumulated deficit) 501,172       501,172   390,766  
Accumulated other comprehensive income (loss) (12,118)       (12,118)   (3,250)  
Noncontrolling interest 8,831       8,831   9,298  
Total liabilities and equity 34,813,846       34,813,846   34,108,122  
Net Income (Loss) Attributable to Noncontrolling Interest 213 $ (680) $ 43 $ (199) (467) $ (156)    
Customer Relationships [Member]                
Current Assets:                
Amortizable intangible assets, net of accumulated amortization 2,843,070       2,843,070   3,173,963  
Other Intangible Assets [Member]                
Current Assets:                
Amortizable intangible assets, net of accumulated amortization 19,992       19,992   24,547  
CSC Holdings                
Current Assets:                
Cash and cash equivalents 1,952,128       1,952,128   697,741  
Restricted cash 264       264   262  
Accounts receivable, trade (less allowance for doubtful accounts of $13,420 and $11,677) 387,739       387,739   457,118  
Prepaid expenses and other current assets (including a prepayment to an affiliate of $19,563 in 2017) (See Note 14) 209,916       209,916   211,642  
Amounts due from affiliates 3,322       3,322   6,774  
Operating Lease, Right-of-Use Asset 270,592       270,592   280,340  
Total current assets 2,553,369       2,553,369   1,373,537  
Property, plant and equipment, net 5,723,109       5,723,109   5,753,401  
Investment securities pledged as collateral 1,674,395       1,674,395   1,931,697  
Derivative contracts 225,791       225,791   25,207  
Other assets 106,840       106,840   92,622  
Amortizable intangible assets, net of accumulated amortization 3,097,216       3,097,216   3,481,109  
Indefinite-lived cable television franchises 13,020,081       13,020,081   13,020,081  
Goodwill 8,142,309       8,142,309   8,142,309  
Total assets 34,813,702       34,813,702   34,100,303  
Current Liabilities:                
Accounts payable 832,011       832,011   799,618  
Amounts due to affiliates 5,722       5,722   7,456  
Accrued liabilities:                
Interest payable 381,482       381,482   385,655  
Accrued employee related costs 109,334       109,334   111,337  
Other Accrued Liabilities, Current 387,212       387,212   378,948  
Contract with Customer, Liability, Current 117,925       117,925   124,777  
Long-term Debt, Current Maturities 1,859,290       1,859,290   170,682  
Total current liabilities 3,692,976       3,692,976   1,978,473  
Other liabilities 215,779       215,779   204,904  
Deferred tax liability 5,156,281       5,156,281   4,980,599  
Liabilities under derivative contracts 312,916       312,916   255,666  
Long-term Debt, Right-Of-Use Financing Obligations, Excluding Current Maturities 259,297       259,297   269,062  
Long-term Debt, Excluding Current Maturities 24,326,397       24,326,397   24,249,603  
Total liabilities 33,963,646       33,963,646   31,938,307  
Redeemable equity 15,495       15,495   108,551  
Limited Liability Company (LLC) Members' Equity [Abstract]                
Members' Equity 830,368       830,368   2,033,882  
Retained earnings (accumulated deficit) 7,480       7,480   13,515  
Membership interest before accumulated comprehensive loss 837,848       837,848   2,047,397  
Accumulated other comprehensive income (loss) (12,118)       (12,118)   (3,250)  
Membership equity before noncontrolling interest 825,730       825,730   2,044,147  
Noncontrolling interest 8,831 8,618     8,831   9,298  
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest 834,561 1,252,797 2,857,921 3,352,567 834,561 2,857,921 2,053,445 $ 3,999,140
Total liabilities and equity 34,813,702       34,813,702   $ 34,100,303  
Net Income (Loss) Attributable to Noncontrolling Interest $ 213 $ (680) $ 43 $ (199) $ (467) $ (156)    
v3.20.2
CSC HOLDINGS - CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Accounts receivable, trade allowance for doubtful accounts $ 32,441 $ 14,683
Property, plant and equipment, accumulated depreciation 5,880,504 5,276,921
Amortizable intangible assets, accumulated amortization 4,054,809 3,670,679
CSC Holdings    
Accounts receivable, trade allowance for doubtful accounts 32,441 14,683
Property, plant and equipment, accumulated depreciation 5,880,504 5,276,921
Amortizable intangible assets, accumulated amortization $ 4,054,809 $ 3,670,679
Members' Equity 100 100
Common Unit, Outstanding 100 100
v3.20.2
CSC HOLDINGS - CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue (including revenue from affiliates of $2,205 and $1,086, respectively) (See Note 14) $ 2,474,979 $ 2,451,081 $ 4,925,235 $ 4,847,648
Operating expenses:        
Cost of Goods and Services Sold 860,875 818,994 1,725,389 1,631,979
Other operating expenses 542,637 569,459 1,124,946 1,133,891
Restructuring and other expense 40,966 11,465 48,260 26,709
Depreciation and amortization (including impairments) 521,794 568,620 1,069,363 1,130,048
Total operating expenses 1,966,272 1,968,538 3,967,958 3,922,627
Operating income 508,707 482,543 957,277 925,021
Other income (expense):        
Interest expense (351,025) (381,218) (716,236) (769,501)
Interest income 151 605 1,810 2,424
Loss on interest rate swap contracts, net (33,735) (26,900) (88,567) (50,572)
Gain (loss) on investments and sale of affiliate interests, net 197,597 103,146 (257,876) 357,871
Loss on equity derivative contracts, net (152,061) (49,624) 287,800 (226,653)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (1,194) 0 (159,096)
Other income, net 669 212 1,592 292
Total other income (expense) (338,404) (354,973) (771,477) (845,235)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 170,303 127,570 185,800 79,786
Income Tax Expense (Benefit) (58,826) (41,160) (75,861) (18,574)
Net income 111,477 86,410 109,939 61,212
Net loss (income) attributable to noncontrolling interests (213) (43) 467 156
Net income (loss) attributable to members 111,264 86,367 110,406 61,368
Other operating expenses from affiliates 2,161 2,020 6,102 4,266
Programming and other direct costs from affiliates 1,738 2,087 3,927 3,774
Revenue 3,379 496 6,867 1,088
Retained Earnings [Member]        
Other income (expense):        
Net income (loss) attributable to members   86,367    
CSC Holdings        
Revenue (including revenue from affiliates of $2,205 and $1,086, respectively) (See Note 14) 2,474,979 2,451,081 4,925,235 4,847,648
Operating expenses:        
Cost of Goods and Services Sold 860,875 818,994 1,725,389 1,631,979
Other operating expenses 542,637 569,459 1,124,946 1,133,891
Restructuring and other expense 40,966 11,465 48,260 26,709
Depreciation and amortization (including impairments) 521,794 568,620 1,069,363 1,130,048
Total operating expenses 1,966,272 1,968,538 3,967,958 3,922,627
Operating income 508,707 482,543 957,277 925,021
Other income (expense):        
Interest expense (351,025) (356,818) (716,236) (720,857)
Interest income 151 605 1,810 2,424
Loss on interest rate swap contracts, net (33,735) (26,900) (88,567) (50,572)
Gain (loss) on investments and sale of affiliate interests, net 197,596 103,146 (258,223) 357,871
Loss on equity derivative contracts, net (152,061) (49,624) 287,800 (226,653)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (1,194) 0 (159,096)
Other income, net 669 212 1,592 292
Total other income (expense) (338,405) (330,573) (771,824) (796,591)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 170,302 151,970 185,453 128,430
Income Tax Expense (Benefit) (56,629) (47,828) (61,658) (32,152)
Net income 113,673 104,142 123,795 96,278
Net loss (income) attributable to noncontrolling interests (213) (43) 467 156
Net income (loss) attributable to members 113,460 104,099 10,802 $ 96,434
CSC Holdings | Retained Earnings [Member]        
Other income (expense):        
Net income (loss) attributable to members $ 113,460 $ 104,099 $ 124,262  
v3.20.2
CSC HOLDINGS - CONSOLIDATED STATEMENT OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Programming and other direct costs from affiliates $ 1,738 $ 2,087 $ 3,927 $ 3,774
Related Party Transaction, Other Operating Expense 2,161 2,020 6,102 4,266
Revenue from affiliates $ 3,379 $ 496 $ 6,867 $ 1,088
v3.20.2
CSC HOLDINGS - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net income $ 111,477 $ 86,410 $ 109,939 $ 61,212
Defined benefit pension and postretirement plans:        
Unrecognized actuarial gain   (8,567)   (3,648)
Applicable income taxes   2,282   989
Unrecognized gain (loss) arising during period, net of income taxes 1,377 (6,285) (8,493) (2,659)
Settlement loss included in other expense, net   367   538
Applicable income taxes   (101)   (147)
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement Gain (Loss), After Tax 199 266 566 391
Foreign currency translation adjustment   (336)   (580)
Applicable income taxes   93   157
Foreign currency translation adjustment, net of income taxes (517) (243) (941) (423)
Other comprehensive income (loss) 1,059 (6,262) (8,868) (2,691)
Comprehensive income 112,536 80,148 101,071 58,521
Comprehensive loss (income) attributable to noncontrolling interests   (43)   156
Comprehensive income attributable to Altice USA, Inc. stockholders 112,323 80,105 101,538 58,677
CSC Holdings        
Net income 113,673 104,142 123,795 96,278
Defined benefit pension and postretirement plans:        
Unrecognized actuarial gain 1,880 (8,567) (11,589) (3,648)
Applicable income taxes (503) 2,282 3,096 989
Unrecognized gain (loss) arising during period, net of income taxes 1,377 (6,285) (8,493) (2,659)
Settlement loss included in other expense, net 271 367 773 538
Applicable income taxes (72) (101) (207) (147)
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement Gain (Loss), After Tax 199 266 566 391
Foreign currency translation adjustment (517) (336) (941) (580)
Applicable income taxes 0 93 0 157
Foreign currency translation adjustment, net of income taxes (517) (243) (941) (423)
Other comprehensive income (loss) 1,059 (6,262) (8,868) (2,691)
Comprehensive income 114,732 97,880 114,927 93,587
Comprehensive loss (income) attributable to noncontrolling interests (213) (43) 467 156
Comprehensive income attributable to Altice USA, Inc. stockholders $ 114,519 $ 97,837 $ 115,394 $ 93,743
v3.20.2
CSC HOLDINGS - CONSOLIDATED STATEMENT OF MEMBER'S EQUITY - USD ($)
$ in Thousands
Total
CSC Holdings
Retained Earnings
Retained Earnings
CSC Holdings
Other Member's Equity
Other Member's Equity
CSC Holdings
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
CSC Holdings
Total Member's Equity
Total Member's Equity
CSC Holdings
Noncontrolling Interests
Noncontrolling Interests
CSC Holdings
Retained earnings       $ 549,691                
Accumulated other comprehensive loss               $ (11,783)        
Membership equity before noncontrolling interest                   $ 3,989,845    
Noncontrolling interest                       $ 9,295
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   $ 3,999,140                    
Members' Equity           $ 3,451,937            
Net Income (Loss) Attributable to Noncontrolling Interest $ (199) (199)                 $ (199) (199)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax (3,752) (3,752)         $ (3,752) (3,752) $ (3,752) (3,752)    
Redeemable equity vested 1,364 1,364     $ 1,364 1,364     1,364 1,364    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock 61,696 61,696     61,696 61,696     61,696 61,696    
Net income (loss) attributable to members (24,999) (7,665) $ (24,999) (7,665)         (24,999) (7,665)    
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 13,790 13,790     13,790 13,790     13,790 13,790    
Foreign currency translation adjustment, net of income taxes (181) (181)         (181) (181) (181) (181)    
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid   594,462   543,217   51,245       594,462    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders 1,000 1,000                 1,000 1,000
Stockholders' Equity, Other   (276)       (276)       (276)    
Net Income (Loss) Attributable to Noncontrolling Interest (156) (156)                    
Net income (loss) attributable to members 61,368 96,434                    
Foreign currency translation adjustment, net of income taxes (423) (423)                    
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid       (633,541)   (595,949)       (1,229,490)    
Noncash contribution from parent 0                      
Retained earnings       (1,191)                
Accumulated other comprehensive loss               (8,212)        
Membership equity before noncontrolling interest                   3,344,471    
Noncontrolling interest                       8,096
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   3,352,567                    
Members' Equity           3,353,874            
Net Income (Loss) Attributable to Noncontrolling Interest 43 43                 43 43
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax 6,019 6,019         6,019 6,019 6,019 6,019    
Redeemable equity vested 61,702 61,702     61,702 61,702     61,702 61,702    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock 46,294 46,294     46,294 46,294     46,294 46,294    
Net income (loss) attributable to members 86,367 104,099 86,367 104,099         86,367 104,099    
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 16,077 16,077     16,077 16,077     16,077 16,077    
Foreign currency translation adjustment, net of income taxes (243) (243)         (243) (243) (243) (243)    
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid   635,028   90,324   544,704       635,028    
Stock Issued During Period, Value, New Issues 244       244              
Stockholders' Equity, Other   244       244       244    
Consideration transfered   10,773       10,773       10,773    
Retained earnings       12,584                
Accumulated other comprehensive loss               (14,474)        
Membership equity before noncontrolling interest                   2,849,782    
Noncontrolling interest                       8,139
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   2,857,921                    
Members' Equity           2,851,672            
Retained earnings 390,766 13,515   13,515                
Membership interest before accumulated comprehensive loss   2,047,397                    
Accumulated other comprehensive loss (3,250) (3,250)           (3,250)        
Membership equity before noncontrolling interest   2,044,147               2,044,147    
Noncontrolling interest 9,298 9,298                    
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   2,053,445                    
Members' Equity   2,033,882       2,033,882            
Net Income (Loss) Attributable to Noncontrolling Interest (680) (680)                 $ (680) (680)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax 9,503 (9,503)         9,503 (9,503) 9,503 (9,503)    
Redeemable equity vested 29,479 29,479     29,479 29,479     29,479 29,479    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock (13,260) (13,260)     (13,260) (13,260)     (13,260) (13,260)    
Cash distributions to shareholders   720,350   24,317   696,033       720,350    
Net income (loss) attributable to members (858)   $ (858) 10,802         (858)      
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 27,370 27,370     27,370 27,370     27,370 27,370    
Foreign currency translation adjustment, net of income taxes (424) (424)         $ (424) (424) $ (424) (424)    
Stock Issued During Period, Value, New Issues         $ 2,495              
Intercompany settlement   (150,602)       (150,602)       (150,602)    
Net Income (Loss) Attributable to Noncontrolling Interest (467) (467)                    
Cash distributions to shareholders                   (1,372,733)    
Net income (loss) attributable to members 110,406 10,802   124,262           10,802    
Foreign currency translation adjustment, net of income taxes (941) (941)                    
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid       (130,297)   (1,242,436)            
Noncash contribution from parent 115,187                      
Intercompany settlement           (115,187)            
Retained earnings       0                
Accumulated other comprehensive loss               (13,177)        
Membership equity before noncontrolling interest                   1,244,179    
Noncontrolling interest   8,618                    
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   1,252,797                    
Members' Equity           1,257,356            
Net Income (Loss) Attributable to Noncontrolling Interest 213 213                   $ 213
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Net Of Tax   1,576           1,576   1,576    
Redeemable equity vested   59,081       59,081       59,081    
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock   8,764       8,764       8,764    
Cash distributions to shareholders   652,383               652,383    
Net income (loss) attributable to members 111,264 113,460   113,460           113,460    
APIC, Share-based Payment Arrangement, Increase for Cost Recognition   33,683       33,683       33,683    
Foreign currency translation adjustment, net of income taxes (517) (517)           (517)   (517)    
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid       105,980   546,403            
Intercompany settlement   35,415       35,415       35,415    
Retained earnings 501,172 7,480   $ 7,480                
Membership interest before accumulated comprehensive loss   837,848                    
Accumulated other comprehensive loss (12,118) (12,118)           $ (12,118)        
Membership equity before noncontrolling interest   825,730               $ 825,730    
Noncontrolling interest $ 8,831 8,831                    
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest   834,561                    
Members' Equity   $ 830,368       $ 830,368            
v3.20.2
CSC HOLDINGS - CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 109,939 $ 61,212
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, Depletion and Amortization 1,069,363 1,130,048
Gain (Loss) on Investments And Sale Of Affiliated Interests 257,876 (357,871)
Loss (gain) on equity derivative contracts, net (287,800) 226,653
Loss on extinguishment of debt and write-off of deferred financing costs 0 159,096
Amortization of deferred financing costs and discounts (premiums) on indebtedness 48,217 53,876
Share-based compensation expense related to equity classified awards 61,053 29,867
Deferred income taxes 51,105 19,604
Provision for doubtful accounts 41,857 34,814
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable, trade 27,522 1,804
Other receivables 0 2,740
Prepaid expenses and other assets (5,577) (72,638)
Amounts due from and due to affiliates 1,588 (3,282)
Accounts payable 10,256 18,549
Accrued liabilities (12,796) (98,551)
Deferred revenue (17,302) 12,022
Liabilities related to interest rate swap contracts 148,013 41,322
Net cash provided by operating activities 1,529,541 1,292,964
Cash flows from investing activities:    
Capital expenditures (527,805) (657,253)
Payment for acquisitions, net of cash acquired 0 (172,659)
Proceeds related to sale of equipment and costs of disposal (1,846) 898
Decrease in other investments 4,008 0
Additions to other intangible assets (237) (867)
Net cash used in investing activities (525,880) (829,881)
Cash flows from financing activities:    
Proceeds from credit facility debt, net of discounts 200,000 1,940,000
Repayment of credit facility debt (228,875) (602,830)
Proceeds from issuance of senior notes 1,725,000 1,754,375
Redemption of senior notes, including premiums and fees 0 (2,462,692)
Proceeds from notes payable 0 39,856
Repayment of notes payable (48,239) (74,061)
Principal payments on finance lease obligations (11,935) (3,273)
Additions to deferred financing costs (5,894) (12,488)
Contingent payment for acquisition (4,947) (500)
Proceeds from (Payments to) Noncontrolling Interests 0 (1,000)
Net cash provided by (used in) financing activities 247,525 (622,566)
Net increase (decrease) in cash and cash equivalents excluding effect of exchange rate changes 1,251,186 (159,483)
Effect of exchange rate changes on cash and cash equivalents (940) (580)
Net increase (decrease) in cash and cash equivalents 1,250,246 (160,063)
Cash, cash equivalents and restricted cash at beginning of year 702,160 299,038
Cash, cash equivalents and restricted cash at end of period 1,952,406 138,975
Restructuring Reserve, Settled without Cash 2,383 10,014
Non-cash lease expense 23,071 23,147
CSC Holdings    
Cash flows from operating activities:    
Net income 123,795 96,278
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, Depletion and Amortization 1,069,363 1,130,048
Gain (Loss) on Investments And Sale Of Affiliated Interests 258,223 (357,871)
Loss (gain) on equity derivative contracts, net (287,800) 226,653
Loss on extinguishment of debt and write-off of deferred financing costs 0 159,096
Amortization of deferred financing costs and discounts (premiums) on indebtedness 48,217 44,751
Settlement loss and amortization of actuarial losses related to pension and postretirement plans 773 538
Share-based compensation expense related to equity classified awards 61,053 29,867
Deferred income taxes 156,077 33,183
Provision for doubtful accounts 41,857 34,814
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable, trade 27,522 1,804
Other receivables 0 2,740
Prepaid expenses and other assets (9,239) (72,638)
Amounts due from and due to affiliates (114,290) (13,668)
Accounts payable 10,256 18,349
Accrued liabilities (12,794) (98,673)
Deferred revenue (17,302) 12,022
Liabilities related to interest rate swap contracts 148,013 41,322
Net cash provided by operating activities 1,529,178 1,321,776
Cash flows from investing activities:    
Capital expenditures (527,805) (657,253)
Payment for acquisitions, net of cash acquired 0 (172,659)
Proceeds related to sale of equipment and costs of disposal (1,846) 898
Decrease in other investments 3,662 0
Additions to other intangible assets (237) (867)
Net cash used in investing activities (526,226) (829,881)
Cash flows from financing activities:    
Proceeds from credit facility debt, net of discounts 200,000 1,940,000
Repayment of credit facility debt (228,875) (602,830)
Proceeds from issuance of senior notes 1,725,000 1,754,375
Redemption of senior notes, including premiums and fees 0 (2,462,692)
Payments of dividends 1,372,733 1,229,489
Proceeds from notes payable 0 39,856
Repayment of notes payable (48,239) (74,061)
Principal payments on finance lease obligations (11,935) (3,273)
Additions to deferred financing costs (5,894) (12,488)
Contingent payment for acquisition (4,947) (500)
Proceeds from (Payments to) Noncontrolling Interests 0 (1,000)
Net cash provided by (used in) financing activities 252,377 (652,102)
Net increase (decrease) in cash and cash equivalents excluding effect of exchange rate changes 1,255,329 (160,207)
Effect of exchange rate changes on cash and cash equivalents (940) (580)
Net increase (decrease) in cash and cash equivalents 1,254,389 (160,787)
Cash, cash equivalents and restricted cash at beginning of year 698,003 298,784
Cash, cash equivalents and restricted cash at end of period 1,952,392 137,997
Restructuring Reserve, Settled without Cash 2,383 10,014
Non-cash lease expense $ 23,071 $ 23,147
v3.20.2
SUPPLEMENTAL CASH FLOW INFORMATION
6 Months Ended
Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
The Company's non-cash investing and financing activities and other supplemental data were as follows:
Six Months Ended June 30,
20202019
Non-Cash Investing and Financing Activities:
Altice USA and CSC Holdings:
Property and equipment accrued but unpaid
$210,204  $245,692  
Notes payable issued to vendor for the purchase of equipment and other assets
11,582  16,204  
Right-of-use assets acquired in exchange for finance lease obligations
78,564  6,501  
Deferred financing costs accrued but unpaid
1,644  853  
CSC Holdings:
Distributions to parent
115,187  —  

Supplemental Data:
Altice USA:
Cash interest paid
673,222  763,819  
Income taxes paid, net
28,406  6,247  
CSC Holdings:
Cash interest paid
673,222  724,299  
Income taxes paid, net
28,406  6,247  
v3.20.2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
6 Months Ended
Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]  
Non-Cash Investing and Financing Activities and Other Supplemental Data
The Company's non-cash investing and financing activities and other supplemental data were as follows:
Six Months Ended June 30,
20202019
Non-Cash Investing and Financing Activities:
Altice USA and CSC Holdings:
Property and equipment accrued but unpaid
$210,204  $245,692  
Notes payable issued to vendor for the purchase of equipment and other assets
11,582  16,204  
Right-of-use assets acquired in exchange for finance lease obligations
78,564  6,501  
Deferred financing costs accrued but unpaid
1,644  853  
CSC Holdings:
Distributions to parent
115,187  —  

Supplemental Data:
Altice USA:
Cash interest paid
673,222  763,819  
Income taxes paid, net
28,406  6,247  
CSC Holdings:
Cash interest paid
673,222  724,299  
Income taxes paid, net
28,406  6,247  
v3.20.2
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Non-Cash Investing and Financing Activities:    
Property and equipment accrued but unpaid $ 210,204 $ 245,692
Notes payable issued to vendor for the purchase of equipment and other assets 11,582 16,204
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 78,564 6,501
Deferred financing costs accrued but unpaid 1,644 853
Supplemental Data:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 673,222 763,819
Income taxes paid, net 28,406 6,247
Noncash contribution from parent 115,187 0
CSC Holdings    
Supplemental Data:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 673,222 724,299
Income taxes paid, net $ 28,406 $ 6,247
v3.20.2
DESCRIPTION OF BUSINESS AND RELATED MATTERS
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS AND RELATED MATTERS DESCRIPTION OF BUSINESS AND RELATED MATTERS
The Company and Related Matters
Altice USA, Inc. ("Altice USA") was incorporated in Delaware on September 14, 2015. Through June 8, 2018, Altice USA was majority-owned by Altice Europe N.V. ("Altice Europe"), a public company with limited liability (naamloze vennootschap) under Dutch law. On June 8, 2018, Altice Europe distributed substantially all of its equity interest in the Company through a distribution in kind to holders of Altice Europe's common shares A and common shares B (the "Distribution"). Altice USA is now majority-owned by Patrick Drahi through Next Alt. S.a.r.l. ("Next Alt").
Altice USA is a holding company that does not conduct any business operations of its own. Altice Europe, through a subsidiary, acquired Cequel Corporation ("Cequel" or "Suddenlink") on December 21, 2015 and Cequel was contributed to Altice USA on June 9, 2016. Altice USA acquired Cablevision Systems Corporation ("Cablevision" or "Optimum") on June 21, 2016.
Altice USA, through CSC Holdings, LLC (a wholly-owned subsidiary of Cablevision) and its consolidated subsidiaries ("CSC Holdings," and collectively with Altice USA, the "Company"), principally provides broadband communications and video services in the United States. It markets its residential services primarily under two brands: Optimum, in the New York metropolitan area, and Suddenlink, principally in markets in the south-central United States. It operates enterprise services under the brands Lightpath and Altice Business. It delivers broadband, video, telephony services, proprietary content and advertising services to residential and business customers. In September 2019, the Company launched Altice Mobile, a full service voice and data offering, to consumers across its footprint. As these brands are managed on a consolidated basis, the Company classifies its operations in one segment.
The accompanying consolidated financial statements of Altice USA include the accounts of Altice USA and its majority-owned subsidiaries and the accompanying consolidated financial statements of CSC Holdings include the accounts of CSC Holdings and its majority-owned subsidiaries and gives effect to the ATS Acquisition and the i24 Acquisition discussed below. Altice USA has no business operations independent of its CSC Holdings subsidiary, whose operating results and financial position are consolidated into Altice USA. The consolidated balance sheets and statements of operations of Altice USA are essentially identical to the consolidated balance sheets and statements of operations of CSC Holdings, with the following exceptions: Altice USA has additional cash and deferred taxes on its consolidated balance sheet. In addition, CSC Holdings and its subsidiaries have certain intercompany receivables from and payables to Altice USA. Differences between Altice USA's results of operations and those of CSC Holdings primarily include incremental interest expense for periods prior to the assumption of Cablevision senior notes by CSC Holdings in November 2019, loss (gain) on investments and sale of affiliate interests, net, and income tax benefit (expense).
The combined notes to the consolidated financial statements relate to the Company, which, except as noted, are essentially identical for Altice USA and CSC Holdings. All significant intercompany transactions and balances between Altice USA or CSC Holdings and their respective consolidated subsidiaries are eliminated in both sets of consolidated financial statements. Intercompany transactions between Altice USA and CSC Holdings are not eliminated in the CSC Holdings consolidated financial statements, but are eliminated in the Altice USA consolidated financial statements.
The financial statements of CSC Holdings are included herein as supplemental information as CSC Holdings is not an SEC registrant.
Stock Repurchase Plan
In June 2018, the Board of Directors of Altice USA authorized a share repurchase program of $2,000,000, and on July 30, 2019, the Board of Directors authorized a new incremental three-year share repurchase program of $5,000,000 that took effect following the completion in August 2019 of the $2,000,000 repurchase program. Under these repurchase programs, shares of Altice USA Class A common stock may be purchased from time to time in the open market and may include trading plans entered into with one or more brokerage firms in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Size and timing of these purchases will be determined based on market conditions and other factors.  
For the six months ended June 30, 2020, Altice USA repurchased an aggregate of 56,956,374 shares for a total purchase price of approximately $1,381,235. From inception through June 30, 2020, Altice USA repurchased an aggregate of 157,653,766 shares for a total purchase price of approximately $3,568,109. These acquired shares were retired and the cost of these shares was recorded in paid in capital in Altice USA's consolidated balance sheet.  As of June 30, 2020, Altice USA had approximately $3,431,891 of availability remaining under the incremental share repurchase program and had 579,790,385 combined Class A and Class B shares outstanding.
v3.20.2
BASIS OF PRESENTATION
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Basis of Presentation and Significant Accounting Policies BASIS OF PRESENTATION
The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information.  Accordingly, these financial statements do not include all the information and notes required for complete annual financial statements.
The interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019.
The financial statements presented in this report are unaudited; however, in the opinion of management, such financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented.
The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2020.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates. See Note 12 for a discussion of fair value estimates.
Common Stock of Altice USA
The following table provides details of Altice USA's shares of common stock outstanding:
 Shares of Common Stock Outstanding
 Class A
Common Stock
Class B
Common Stock
Balance at December 31, 2019446,749,307  186,245,832  
Conversion of Class B common stock to Class A common stock51,475  (51,475) 
Shares issued in connection with stock option exercises209,105  —  
Retirement of Class A common shares in connection with the Company's stock
repurchase plan (see Note 1)
(56,956,374) —  
Shares issued from treasury upon vesting of redeemable equity and restricted awards3,542,515  —  
Balance at June 30, 2020393,596,028  186,194,357  
Reclassifications
Certain reclassifications have been made to the 2019 financial statements to conform to the 2020 presentation.
v3.20.2
ACCOUNTING PRONOUNCEMENTS
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
ACCOUNTING PRONOUNCEMENTS ACCOUNTING PRONOUNCEMENTS
Recently Adopted Accounting Pronouncements
ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04")
In March 2020, the Financial Accounting Standards Board ("FASB") issued new accounting guidance related to the effects of reference rate reform on financial reporting. The guidance, effective for reporting periods through December 31, 2022, provides accounting relief for contract modifications that replace an interest rate impacted by reference rate reform (e.g., LIBOR) with a new alternative reference rate. The Company adopted the guidance as of March 31, 2020. The adoption of this guidance did not have an impact on the Company's consolidated financial statements.
ASU No. 2019-12, Simplifying the Accounting for Income Taxes ("ASU 2019-12")
In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). ASU 2019-12 simplifies the accounting for income taxes by eliminating certain exceptions for investments, intraperiod allocations and interim calculations. The new guidance also simplifies aspects of the accounting for franchise taxes, enacted changes in tax laws or rates, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The amendments did not create new accounting requirements. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements.
ASU No. 2018-15, Customer’s Accounting for Implementation Costs in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15")
In August 2018, the FASB issued ASU 2018-15 which requires upfront implementation costs incurred in a cloud computing arrangement (or hosting arrangement) that is a service contract to be amortized to hosting expense over the term of the arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements.
ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350) ("ASU 2017-04")
In January 2017, the FASB issued ASU 2017-04 which simplifies the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment requires an entity to perform its annual, or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have an impact on the Company's consolidated financial statements.
ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13")
In June 2016, the FASB issued ASU 2016-13 which requires a financial asset (or a group of financial assets) measured at amortized cost to be assessed for impairment under the current expected credit loss model rather than an incurred loss model. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount.  ASU 2016-13 became effective for the Company on January 1, 2020 and the adoption of this standard did not have a significant impact on the Company's consolidated financial statements. The Company will continue to actively monitor the impact of the recent coronavirus (COVID-19) pandemic on expected credit losses.
Recently Issued But Not Yet Adopted Accounting Pronouncements
ASU No. 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14")
In August 2018, the FASB issued ASU 2018-14 which amends ASC 715 to clarify certain disclosure requirements related to defined benefit pension and other postretirement plans. ASU 2018-14 becomes effective for the Company on January 1, 2021, although early adoption is permitted. The Company does not expect the adoption of ASU 2018-14 to have a material impact on its consolidated financial statements.
v3.20.2
Revenue Recognition and Deferred Revenue
6 Months Ended
Jun. 30, 2020
Disaggregation of Revenue [Abstract]  
Revenue from Contract with Customer REVENUE
The following table presents the composition of revenue:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Residential:
Broadband
$920,363  $806,250  $1,805,892  $1,581,823  
Video
952,526  1,018,426  1,899,587  2,035,756  
Telephony
117,322  150,232  242,352  304,696  
Business services and wholesale
365,564  357,806  730,094  708,495  
News and advertising96,631  114,450  202,171  209,188  
Mobile19,866  —  38,222  —  
Other2,707  3,917  6,917  7,690  
Total revenue$2,474,979  $2,451,081  $4,925,235  $4,847,648  
The Company is assessed non-income related taxes by governmental authorities, including franchising authorities (generally under multi-year agreements), and collects such taxes from its customers.  In instances where the tax is being assessed directly on the Company, amounts paid to the governmental authorities are recorded as programming and other direct costs and amounts received from the customers are recorded as revenue. For the three and six months ended June 30, 2020 and 2019, the amount of franchise fees and certain other taxes and fees included as a component of revenue aggregated $65,280 and $130,190, and $63,920 and $128,156, respectively.
The following table provides information about customer contract costs and deferred revenue related to contracts with customers:
June 30, 2020December 31, 2019
Customer contract costs (a)
$21,724  $30,758  
Deferred revenue (b)164,732  182,034  

(a)Customer contract costs include primarily sales commissions for business services enterprise customers that are deferred and amortized over the average contract term.
(b)Deferred revenue represents payments received from customers for services that have yet to be provided and installation revenue which is deferred and recognized over the benefit period. A portion of the Company's deferred revenue represents payments for services for up to one month in advance from residential and small and medium sized business ("SMB") customers which is realized within the following month as services are performed and the remaining portion is recognized over the contract period.
A significant portion of our revenue is derived from residential and SMB customer contracts which are month-to month. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of the future revenue to be recognized from our existing customer base. Contracts with enterprise customers generally range from three years to five years, and services may only be terminated in accordance with the contractual terms.
v3.20.2
Earnings Per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share NET INCOME PER SHARE
Basic net income per common share attributable to Altice USA stockholders is computed by dividing net income attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period.  Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options and restricted stock. For such awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria.
The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted income per share attributable to Altice USA stockholders for the three and six months ended June 30, 2020 and 2019:
Three Months Ended
June 30, 2020
Six Months Ended
June 30, 2020
Three Months Ended
June 30, 2019
Six Months Ended
June 30, 2019
(in thousands)
Basic weighted average shares outstanding587,587  604,500  668,031  681,703  
Effect of dilution:
Stock options1,857  2,079  566  285  
Restricted stock22  18  51  26  
Diluted weighted average shares outstanding589,466  606,597  668,648  682,014  
Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares28,514  24,362  1,292  6,350  
Performance stock units and restricted stock whose performance metrics have not been achieved.
8,943  7,758  —  —  
Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.
v3.20.2
RESTRUCTURING AND OTHER EXPENSE
6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER EXPENSE RESTRUCTURING AND OTHER EXPENSE
Restructuring
Beginning in the first quarter of 2016, the Company commenced restructuring initiatives that were intended to simplify the Company's organizational structure ("2016 Restructuring Plan").

The following table summarizes the activity for the 2016 Restructuring Plan:
Severance and Other Employee Related CostsFacility Realignment and Other CostsTotal
Accrual balance at December 31, 2019$1,676  $2,332  $4,008  
Restructuring charges—  2,059  2,059  
Payments and other(1,639) (1,813) (3,452) 
Accrual balance at June 30, 2020$37  $2,578  $2,615  

Cumulative costs to date relating to 2016 Restructuring Plan amounted to $436,984.
In May 2019, the Company commenced another restructuring initiative to further simplify the Company's organization structure ("2019 Restructuring Plan").
The following table summarizes the activity for the 2019 Restructuring Plan:
Severance and Other Employee Related Costs
Accrual balance at December 31, 2019$37,946  
Restructuring charges3,180  
Payments and other(18,186) 
Accrual balance at June 30, 2020$22,940  
Cumulative costs to date relating to the 2019 Restructuring Plan amounted to $45,895.
Restructuring and other expense for the three and six months ended June 30, 2020 also includes $40,128 related to contractual payments for terminated employees. As of June 30, 2020, the outstanding amount due to terminated employees amounted to $29,735 and is reflected in accrued employee related costs in our consolidated balance sheet.
In addition, the Company recorded restructuring charges of $611 and $2,316 for the three and six months ended June 30, 2020, and $147 and $8,696, for the three and six months ended June 30, 2019, respectively, related primarily to the impairment of right-of-use operating lease assets, included in the Company's restructuring initiatives, as their carrying amount was not recoverable and exceeded their fair value.
Transaction Costs
For the three and six months ended June 30, 2020, the Company incurred transaction costs of $88 and $577, respectively, related to certain transactions not related to the Company's operations. The Company recorded transaction costs of $574 and $970 for the three and six months ended June 30, 2019, respectively, primarily related to costs incurred in connection with the Company's acquisition of Cheddar, Inc.
v3.20.2
LEASES
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
OPERATING LEASES LEASES
The Company's operating leases are comprised primarily of facility leases and its finance leases are comprised primarily of vehicle and equipment leases.
Balance sheet information related to the Company's leases is presented below:
Balance Sheet locationJune 30, 2020December 31, 2019
Operating leases:
Right-of-use lease assetsRight-of-use operating lease assets$270,592  $280,340  
Right-of-use lease liability, currentOther current liabilities40,440  38,836  
Right-of-use lease liability, long-termRight-of-use operating lease liability259,297  269,062  
Finance leases:
Right-of-use lease assetsProperty, plant and equipment137,370  70,339  
Right-of-use lease liability, currentCurrent portion of long-term debt49,478  22,017  
Right-of-use lease liability, long-termLong-term debt86,571  47,403  
The following provides details of the Company's lease expense:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Operating lease expense, net$14,849  $14,948  $29,853  $30,226  

Finance lease expense:
Amortization of assets6,960  1,630  11,420  3,192  
Interest on lease liabilities1,477  388  2,504  746  
Total finance lease expense8,437  $2,018  13,924  3,938  
$23,286  $16,966  $43,777  $34,164  
Other information related to leases is presented below:
As of June 30,
20202019
Right-of-use assets acquired in exchange for operating lease obligations$15,430  $43,441  
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows related to finance leases2,504  746  
Operating cash flows related to operating leases32,126  32,481  
Weighted Average Remaining Lease Term:
Operating leases9.3 years9.6 years
Finance leases2.9 years4.6 years
Weighted Average Discount Rate:
Operating leases5.86 %6.06 %
Finance leases5.66 %5.86 %
The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
Finance leasesOperating leases
2020 (excluding the six months ended June 30, 2020)$30,527  $27,389  
202150,543  43,615  
202246,298  49,668  
202315,501  39,694  
20243,413  35,261  
Thereafter300  200,665  
Total future minimum lease payments, undiscounted146,582  396,292  
Less: Imputed interest(10,533) (96,555) 
Present value of future minimum lease payments$136,049  $299,737  
v3.20.2
INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following table summarizes information relating to the Company's acquired amortizable intangible assets: 
As of June 30, 2020As of December 31, 2019
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountEstimated Useful Lives
Customer relationships
$6,017,524  $(3,174,454) $2,843,070  $6,017,524  $(2,843,561) $3,173,963  8 to 18 years
Trade names
1,081,083  (846,929) 234,154  1,081,083  (798,484) 282,599  2 to 5 years
Other amortizable intangibles
53,418  (33,426) 19,992  53,181  (28,634) 24,547  1 to 15 years
$7,152,025  $(4,054,809) $3,097,216  $7,151,788  $(3,670,679) $3,481,109  
Amortization expense for the three and six months ended June 30, 2020 and 2019 aggregated $183,031 and $384,130 and $201,279 and $401,898, respectively.
v3.20.2
DEBT
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
DEBT DEBT
The following details the Company's outstanding debt:
Interest RateJune 30, 2020December 31, 2019
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
Senior Notes:
November 15, 2011November 15, 20216.750 %$1,000,000  $984,412  $1,000,000  $979,178  
September 27, 2012September 15, 20225.875 %649,024  608,861  649,024  600,849  
May 23, 2014June 1, 20245.250 %750,000  690,331  750,000  683,940  
October 18, 2018July 15, 20257.750 %(e)1,740  1,698  1,740  1,695  
October 9, 2015October 15, 202510.875 %1,684,221  1,666,435  1,684,221  1,665,237  
October 18, 2018April 1, 20287.500 %4,118  4,112  4,118  4,112  
November 27, 2018July 15, 20257.750 %(e)617,881  606,479  617,881  605,583  
November 27, 2018April 1, 20287.500 %1,045,882  1,044,349  1,045,882  1,044,278  
July 10 and October 7, 2019January 15, 20305.750 %2,250,000  2,287,660  2,250,000  2,289,168  
June 16, 2020December 1, 20304.625 %625,000  622,176  —  —  
Senior Guaranteed Notes:
October 9, 2015October 15, 20256.625 %1,000,000  990,233  1,000,000  989,483  
September 23, 2016April 15, 20275.500 %1,310,000  1,305,688  1,310,000  1,305,430  
January 29, 2018February 1, 20285.375 %1,000,000  993,116  1,000,000  992,757  
November 27, 2018July 15, 20235.375 %(e)1,095,825  1,083,676  1,095,825  1,081,879  
November 27, 2018May 15, 20265.500 %1,498,806  1,486,760  1,498,806  1,485,911  
January 24, 2019February 1, 20296.500 %1,750,000  1,747,118  1,750,000  1,746,996  
June 16, 2020December 1, 20304.125 %1,100,000  1,095,311  —  —  
17,382,497  17,218,415  15,657,497  15,476,496  
CSC Holdings Restricted Group:
Revolving Credit Facility(c)(c)(b)—  —  —  —  
Term Loan BJuly 17, 20252.435 %2,910,000  2,897,887  2,925,000  2,911,729  
Incremental Term Loan B-3January 15, 20262.435 %1,259,063  1,254,243  1,265,438  1,260,200  
Incremental Term Loan B-5April 15, 20272.685 %2,992,500  2,970,328  3,000,000  2,976,358  
7,161,563  7,122,458  7,190,438  7,148,287  
Collateralized indebtedness (see Note 11)1,699,566  1,601,107  1,699,566  1,585,088  
Finance lease obligations (see Note 8)136,049  136,049  69,420  69,420  
Notes payable and supply chain financing (d)119,889  107,658  156,519  140,994  
26,499,564  26,185,687  24,773,440  24,420,285  
Less: current portion of credit facility debt(72,750) (72,750) (65,250) (65,250) 
Less: current portion of senior guaranteed notes(1,095,825) (1,083,676) —  —  
Less: current portion of senior notes(619,621) (608,177) —  —  
Less: current portion of finance lease obligations(49,478) (49,478) (22,017) (22,017) 
Less: current portion of notes payable and supply chain financing(45,209) (45,209) (83,415) (83,415) 
(1,882,883) (1,859,290) (170,682) (170,682) 
Long-term debt$24,616,681  $24,326,397  $24,602,758  $24,249,603  
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums and with respect to certain notes, a fair value adjustment resulting from the Cequel and Cablevision acquisitions.
(b)At June 30, 2020, $141,949 of the revolving credit facility was restricted for certain letters of credit issued on behalf of
the Company and $2,333,051 of the facility was undrawn and available, subject to covenant limitations.
(c)The revolving credit facility of an aggregate principal amount of $2,275,000 matures in January 2024 and priced at LIBOR plus 2.25%. The remaining revolving credit facility of an aggregate principal amount of $200,000 matures in November 2021 and priced at LIBOR plus 3.25%.
(d)Includes $37,581 related to supply chain financing agreements that is required to be repaid within one year from the date of the respective agreement. The principal amounts include $59,451 of notes payable that will be reclassified to collateralized indebtedness upon the maturity, in January 2021, of a monetization contract related to the synthetic monetization closeout transaction in November 2019.
(e)These notes were repaid in July 2020 with proceeds from the issuance of new notes in June 2020. See discussion below. Accordingly, the carrying amount of these notes was reclassified to current debt in the accompanying balance sheets as of June 30, 2020.
In June 2020, CSC Holdings issued $1,100,000 in aggregate principal amount of senior guaranteed notes that bear interest at a rate of 4.125% and mature on December 1, 2030 and $625,000 in aggregate principal amount of senior notes that bear interest at a rate of 4.625% and mature on December 1, 2030. The net proceeds from the sale of the these notes was used in July 2020 to early redeem the $1,095,825 aggregate principal amount of CSC Holdings' 5.375% senior notes due July 15, 2023, the $617,881 and the $1,740 aggregate principal amount of CSC Holdings' 7.750% senior notes due July 15, 2025, plus pay accrued interest and the associated premiums related to the early redemption of these notes. In connection with the early redemptions, the Company will recognize a loss on the extinguishment of debt aggregating $62,096, reflecting the early redemption premiums and the write-off of outstanding deferred financing costs on these notes.
For financing purposes, the Company is structured as a restricted group (the "Restricted Group") and an unrestricted group, which includes certain designated subsidiaries and investments (the "Unrestricted Group"). The Restricted Group is comprised of CSC Holdings and substantially all of its wholly-owned operating subsidiaries. These subsidiaries are subject to the covenants and restrictions of the credit facility and indentures governing the notes issued by CSC Holdings. 
CSC Holdings' credit facilities agreement contains certain customary representations and warranties, affirmative covenants and events of default (including, among others, an event of default upon a change of control). If an event of default occurs, the lenders under the credit facilities will be entitled to take various actions, including the acceleration of amounts due under the credit facilities and all actions permitted to be taken by a secured creditor.
As of June 30, 2020, CSC Holdings was in compliance with all of its financial covenants under its credit facilities and with all of its financial covenants under the indentures under which the senior and senior guaranteed notes were issued.
The following table provides a summary of the loss on extinguishment of debt and the write-off of deferred financing costs recorded by the Company upon the redemption of senior notes and the refinancing of credit facilities:
Three months ended
June 30, 2019
Six months ended June 30, 2019
CSC Holdings 10.125% Senior Notes due 2023
$—  $154,666  
Refinancing and subsequent amendment to CSC Holdings credit facility
1,194  4,430  
$1,194  $159,096  
Summary of Debt Maturities
The future maturities of debt payable by the Company under its various debt obligations outstanding as of June 30, 2020, including notes payable and collateralized indebtedness (see Note 11), but excluding finance lease obligations (see Note 8), are as follows:
2020 (excluding the six months ended June 30, 2020) (a)$1,782,180  
20211,092,181  
2022728,667  
20231,835,383  
2024822,889  
Thereafter20,102,215  
_____________________
(a)Includes the CSC Holdings notes redeemed in July 2020 discussed above.
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS
Prepaid Forward Contracts
The Company has entered into various transactions to limit the exposure against equity price risk on its shares of Comcast Corporation ("Comcast") common stock.  The Company has monetized all of its stock holdings in Comcast through the execution of prepaid forward contracts, collateralized by an equivalent amount of the respective underlying stock.  At maturity, the contracts provide for the option to deliver cash or shares of Comcast stock with a value determined by reference to the applicable stock price at maturity.  These contracts, at maturity, are expected to offset declines in the fair value of these securities below the hedge price per share while allowing the Company to retain upside appreciation from the hedge price per share to the relevant cap price.  
The Company received cash proceeds upon execution of the prepaid forward contracts discussed above which has been reflected as collateralized indebtedness in the accompanying consolidated balance sheets.  In addition, the Company separately accounts for the equity derivative component of the prepaid forward contracts.  These equity derivatives have not been designated as hedges for accounting purposes.  Therefore, the net fair values of the equity derivatives have been reflected in the accompanying consolidated balance sheets as an asset or liability and the net increases or decreases in the fair value of the equity derivative component of the prepaid forward contracts are included in gain (loss) on derivative contracts in the accompanying consolidated statements of operations.
All of the Company's monetization transactions are obligations of its wholly-owned subsidiaries that are not part of the Restricted Group; however, CSC Holdings has provided guarantees of the subsidiaries' ongoing contract payment expense obligations and potential payments that could be due as a result of an early termination event (as defined in the agreements).  If any one of these contracts was terminated prior to its scheduled maturity date, the Company would be obligated to repay the fair value of the collateralized indebtedness less the sum of the fair values of the underlying stock and equity collar, calculated at the termination date.  As of June 30, 2020, the Company did not have an early termination shortfall relating to any of these contracts.
The Company monitors the financial institutions that are counterparties to its equity derivative contracts.  All of the counterparties to such transactions carry investment grade credit ratings as of June 30, 2020.
Interest Rate Swap Contracts
To manage interest rate risk, we have from time to time entered into interest rate swap contracts to adjust the proportion of total debt that is subject to variable and fixed interest rates. Such contracts effectively fix the borrowing rates on floating rate debt to provide an economic hedge against the risk of rising rates and/or effectively convert fixed rate borrowings to variable rates to permit the Company to realize lower interest expense in a declining interest rate environment. We monitor the financial institutions that are counterparties to our interest rate swap contracts and we only enter into interest rate swap contracts with financial institutions that are rated investment grade. All such contracts are carried at their fair market values on our consolidated balance sheet, with changes in fair value reflected in the consolidated statement of operations. As of June 30, 2020, the Company did not hold and has not issued derivative instruments for trading or speculative purposes.
The following represents the location of the assets and liabilities associated with the Company's derivative instruments within the consolidated balance sheets:
Derivatives Not Designated as Hedging InstrumentsBalance Sheet LocationFair Value at
June 30, 2020December 31, 2019
Asset Derivatives:
Interest rate swap contracts
Derivative contracts, long-term$4,058  $—  
Prepaid forward contracts
Derivative contracts, long-term221,733  25,207  
225,791  25,207  
Liability Derivatives:
Interest rate swap contracts
Other current liabilities(4,016) (469) 
Prepaid forward contracts
Liabilities under derivative contracts, long-term(3,520) (94,795) 
Interest rate swap contracts
Liabilities under derivative contracts, long-term(309,396) (160,871) 
 $(316,932) $(256,135) 
The following table presents certain statement of operations data related to our derivative contracts and the underlying common stock:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Gain (loss) on derivative contracts related to change in the value of equity derivative contracts related to Comcast common stock
$(152,061) $(49,624) $287,800  $(226,653) 
Change in the fair value of Comcast common stock included in gain (loss) on investments
197,594  98,794  (257,302) 353,519  
Loss on interest rate swap contracts, net of a gain of $74,835 recorded in the 2020 six month period in connection with the early termination of the swap agreements discussed below
(33,735) (26,900) (88,567) (50,572) 
In March 2020, the Company terminated two swap agreements whereby the Company was paying a floating rate of interest and receiving a fixed rate of interest on an aggregate notional value of $1,500,000. These contracts were due to mature in May 2026. In connection with the early termination, the Company received cash of $74,835 which has been recorded in loss on interest swap contracts, net in our consolidated statement of operations and presented in operating activities in our consolidated statement of cash flows.
In addition, in March 2020, the Company executed amendments to two interest swap contracts that reduced the fixed rate of interest that the Company was paying on an aggregate notional value of $1,000,000 and extended the maturity date of the contracts to January 15, 2025 from January 15, 2022. The difference in the fair value of the amended contracts and the original contracts on the date of the transaction of $5,689 (an increase in the liability) is being amortized to loss on derivative contracts over the remaining term of the contracts.
During the six months ended June 30, 2020, the Company entered into three new interest rate swap contracts on an aggregate notional value of $3,850,000. See table below.
The following is a summary of interest rate swap contracts outstanding at June 30, 2020:
Trade DateMaturity DateNotional AmountCompany PaysCompany Receives
December 2018January 2025$500,000  Fixed rate of 1.53%Three-month LIBOR
December 2018January 2022500,000  Fixed rate of 2.733%Three-month LIBOR
December 2018January 2025500,000  Fixed rate of 1.625%Three-month LIBOR
December 2018December 2026750,000  Fixed rate of 2.9155%Three-month LIBOR
December 2018December 2026750,000  Fixed rate of 2.9025%Three-month LIBOR
March 2020January 2025500,000  Fixed rate of 1.458%Three-month LIBOR
March 2020January 2022500,000  Three-month LIBORFixed rate of 2.733%
April 2020April 20212,850,000  Six-month LIBOR minus 0.5185%One-month LIBOR
v3.20.2
FAIR VALUE MEASUREMENT
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable.  Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions.  The fair value hierarchy consists of the following three levels:
Level I - Quoted prices for identical instruments in active markets.
Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
Level III - Instruments whose significant value drivers are unobservable.
The following table presents for each of these hierarchy levels, the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis:
Fair Value
Hierarchy
June 30, 2020December 31, 2019
Assets:
Money market funds
Level I$1,842,086  $563,704  
Investment securities pledged as collateralLevel I1,674,395  1,931,697  
Prepaid forward contractsLevel II221,733  25,207  
Interest rate swap contractsLevel II4,058  —  
Liabilities:
Prepaid forward contractsLevel II3,520  94,795  
Interest rate swap contractsLevel II313,412  161,340  
Contingent consideration related to 2017 and 2018 acquisitionsLevel III1,767  7,250  
The Company's cash equivalents (money market funds) and investment securities pledged as collateral are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.
The Company's derivative contracts and liabilities under derivative contracts on the Company's consolidated balance sheets are valued using market-based inputs to valuation models.  These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility.  When appropriate, valuations are adjusted for various factors such as liquidity, bid/offer spreads and credit risk considerations.  Such adjustments are generally based on available market evidence.  Since model inputs can generally be verified and do not involve significant management judgment, the Company has concluded that these instruments should be classified within Level II of the fair value hierarchy.
Fair Value of Financial Instruments
The following methods and assumptions were used to estimate fair value of each class of financial instruments for which it is practicable to estimate:
Credit Facility Debt, Collateralized Indebtedness, Senior Notes, Senior Guaranteed Notes, Notes Payable and Supply Chain Financing
The fair values of each of the Company's debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities. The fair value of notes payable is based primarily on the present value of the remaining payments discounted at the borrowing cost. The carrying value of outstanding amounts related to supply chain financing agreements approximates the fair value due to the short-term nature of their maturity (less than one year).
The carrying values, estimated fair values, and classification under the fair value hierarchy of the Company's financial instruments, excluding those that are carried at fair value in the accompanying consolidated balance sheets, are summarized as follows:
June 30, 2020December 31, 2019
Fair Value
Hierarchy
Carrying
Amount (a)
Estimated
Fair Value
Carrying
Amount (a)
Estimated
Fair Value
Credit facility debtLevel II$7,122,458  $7,161,563  $7,148,287  $7,190,438  
Collateralized indebtednessLevel II1,601,107  1,696,376  1,585,088  1,611,095  
Senior guaranteed notesLevel II8,701,902  9,094,711  7,602,456  8,220,518  
Senior notesLevel II8,516,513  9,037,404  7,874,040  8,728,870  
Notes payable and supply chain financingLevel II107,658  108,619  140,994  141,713  
$26,049,638  $27,098,673  $24,350,865  $25,892,634  
(a)Amounts are net of unamortized deferred financing costs and discounts/premiums.
The fair value estimates related to the Company's debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument.  These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision.  Changes in assumptions could significantly affect the estimates.
v3.20.2
INCOME TAXES
6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
In general, the Company is required to use an estimated annual effective tax rate ("AETR") to measure the income tax expense or benefit recognized on a year to date basis in an interim period. In addition, certain items included in income tax expense as well as the tax impact of certain items included in pretax income must be treated as discrete items. The income tax expense or benefit associated with these discrete items is fully recognized in the interim period in which the items occur.
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security ("CARES Act") was enacted and signed into law. Certain provisions of the CARES Act impacted the 2019 income tax provision computations of the Company and have been reflected in the consolidated financial statements for the six months ended June 30, 2020. The CARES Act modified the interest limitation under section 163(j) of the Internal Revenue Code ("163(j)") for 2019 and 2020, increasing the allowable business interest deduction from 30% to 50% of adjusted taxable income. This modification significantly increased the allowable interest deduction for the Company in 2019, resulting in less utilization of net operating loss carryforwards. For state tax purposes, an estimated net benefit of approximately $10,500 was recognized for the three months ended March 31, 2020 driven by a decrease in federal taxable income for 2019 due to the 163(j) law change under the CARES Act. However, due to the decoupling from the CARES Act by New York State and New York City, the net benefit decreased approximately $8,000 in the three months ended June 30, 2020, resulting in a net state tax benefit of approximately $2,500 for the six months ended June 30, 2020. In addition, the CARES Act accelerated the ability of companies to receive refunds of Alternative Minimum Tax credits. For the Company, the remaining approximately $12,000 in tax credits will be refunded as part of the 2019 tax filing and is included in prepaid expenses and other current assets in the accompanying balance sheets.
Altice USA
For the three and six months ended June 30, 2020, Altice USA recorded a tax expense of $58,826 and $75,861 on pre-tax income of $170,303 and $185,800, respectively, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher tax rate was due to the impact of certain non-deductible expenses and certain state tax expense adjustments, partially offset by a benefit resulting from the recently enacted CARES Act.
For the three and six months ended June 30, 2019, Altice USA recorded a tax expense of $41,160 and $18,574 on pre-tax income of $127,570 and $79,786, respectively, resulting in an effective tax rate that was higher than the U.S. federal statutory tax rate. The primary differences between the effective tax rate and the statutory tax rate are due to a revaluation of state deferred taxes primarily due to certain changes to the state tax rates used to measure the Company’s deferred tax liabilities and certain non-deductible expenses.
CSC Holdings
For the three and six months ended June 30, 2020, CSC Holdings recorded a tax expense of $56,629 and $61,658 on pre-tax income of $170,302 and $185,453, respectively, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher tax rate was due to the impact of certain non-deductible expenses and certain state tax expense adjustments, partially offset by a benefit resulting from the recently enacted CARES Act.
For the three and six months ended June 30, 2019, CSC Holdings recorded a tax expense of $47,828 and $32,152 on pre-tax income of $151,970 and $128,430, respectively, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher tax rate was due to revaluation of state deferred taxes primarily due to certain changes to the state tax rates used to measure CSC Holdings’ deferred tax liabilities, partially offset by certain non-deductible expenses.
v3.20.2
SHARE-BASED COMPENSATION
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
Long Term Incentive Plan
Pursuant to the 2017 Altice USA Long Term Incentive Plan, as amended (the "LTIP"), the Company may grant awards of options, restricted shares, restricted share units, stock appreciation rights, performance stock, performance stock units and other awards (the 2017 Long Term Incentive Plan or the "LTIP"). In June 2020, shareholders of the Company approved an increase to the number of shares authorized for issuance under the LTIP by 35,000,000 shares to 54,879,291, and approved the extension of the term to June 10, 2030.
Carry Unit Plan
Certain employees of the Company and its affiliates received awards of units in a carry unit plan of Neptune Management LP, an entity which has an ownership interest in Neptune Holding US Limited Partnership ("Neptune LP").
The following table summarizes activity relating to these carry units:
Number of Time
Vesting Awards
Weighted Average Grant Date Fair Value
Balance, December 31, 201937,518,750  $2.35  
Vested(27,343,750) 2.31  
Forfeited(212,500) 0.56  
Balance, June 30, 20209,962,500  $2.71  
The weighted average fair value per unit was $1.75 and $3.25, as of June 30, 2020 and December 31, 2019, respectively. For the three and six months ended June 30, 2020 and 2019, the Company recognized share-based compensation expense of $3,937 and $7,057, and $7,861 and $14,334, respectively, related to the carry unit plan.
Stock Options
The following table summarizes activity related to the stock options granted to Company employees:
 Shares Under OptionWeighted Average
Exercise
Price Per Share
Weighted Average Remaining
Contractual Term
(in years)
Aggregate Intrinsic
Value (a)
Balance at December 31, 201914,083,741  $19.12  8.74$112,915  
Granted26,093,256  28.32  
Exercised(209,105) 17.46  
Forfeited(1,749,476) 21.44  
Balance at June 30, 202038,218,416  25.31  9.1449,108,141  
Options exercisable at June 30, 2020
788,053  $17.70  7.17$3,848,578  
(a)The aggregate intrinsic value is calculated as the difference between the exercise price and the closing price of the Company's Class A common stock at the respective date.
The Company recognized share-based compensation expense related to employee stock options for the three and six months ended June 30, 2020 and 2019 of $25,327 and $45,676 and $7,817 and $15,134, respectively. As of June 30, 2020, there was $200,745 of total unrecognized compensation cost related to stock options which is expected to be recognized over a weighted-average period of approximately 3.16 years.
The following weighted-average assumptions were used to calculate the fair values of stock option awards granted during the six months ended June 30, 2020:
Risk-free interest rate1.45%
Expected life (in years)6.38
Dividend yield—%
Volatility28.46%
Grant date fair value$7.74
Performance Stock Unit Awards
In January 2020, certain employees of the Company were granted performance stock units ("PSUs"). Each PSU gives the employee the right to receive one share of Altice USA class A common stock, upon achievement of a specified stock price hurdle. The PSUs will be forfeited if the applicable performance measure is not achieved prior to January 29, 2024 (January 29, 2026 in the event of a recession or market disruption event prior to achievement of the performance measure, which criteria was met in June 2020) or if the employee does not continue to provide services to the Company through the achievement date of the applicable performance measure.
As of June 30, 2020, the Company had 7,480,469 PSUs outstanding. The PSUs have a weighted average grant date fair value of $10.65 per unit. For the three and six months ended June 30, 2020, the Company recognized share based compensation expense of $4,419 and $8,320 related to these PSUs. As of June 30, 2020 there was $71,127 of total unrecognized compensation cost related to outstanding PSUs which is expected to be recognized over a weighted-average period of approximately 5.6 years.
The following assumptions were used to calculate the fair values of the PSUs granted during the six months ended June 30, 2020:
Risk-free interest rate1.46%
Expected life (in years)
4 and 6
Dividend yield—%
Volatility34.22%
Restricted AwardsFor the three and six months ended June 30, 2020, the Company recorded share based compensation expense of $636 and $1,212, respectively, related to restricted awards granted to certain employees pursuant to the LTIP. In January 2020, certain restricted awards granted to employees in the prior year were cancelled. These employees received new grants of stock options and PSUs.
v3.20.2
AFFILIATE AND RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
AFFILIATE AND RELATED PARTY TRANSACTIONS AFFILIATE AND RELATED PARTY TRANSACTIONS
Affiliate and Related Party Transactions
Altice USA is controlled by Patrick Drahi who is also the controlling stockholder of Altice Europe and its subsidiaries and other entities.
As the transactions discussed below were conducted between entities under common control by Mr. Drahi, amounts charged for certain services may not have represented amounts that might have been received or incurred if the transactions were based upon arm's length negotiations.
The following table summarizes the revenue and charges related to services provided to or received from affiliates and related parties:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenue$3,379  $496  $6,867  $1,088  
Operating expenses:
Programming and other direct costs$(1,738) $(2,087) $(3,927) $(3,774) 
Other operating expenses, net(2,161) (2,020) (6,102) (4,266) 
Operating expenses, net(3,899) (4,107) (10,029) (8,040) 
Net charges - Altice USA$(520) $(3,611) $(3,162) $(6,952) 
Capital Expenditures$3,676  $2,536  $10,901  $5,890  
Revenue
The Company recognized revenue primarily from the sale of advertising to a subsidiary of Altice Europe and a foundation controlled by Patrick Drahi.
Programming and other direct costs
Programming and other direct costs include costs incurred by the Company for advertising services provided by a subsidiary of Altice Europe.
Other operating expenses, net
Other operating expenses primarily include charges for services provided by other subsidiaries of Altice Europe and other related parties.
Capital Expenditures
Capital expenditures primarily include costs for equipment purchased and software development services provided by subsidiaries of Altice Europe.
Aggregate amounts that were due from and due to affiliates and related parties are summarized below:
Altice USACSC HoldingsAltice USA and CSC Holdings
June 30,
2020
June 30,
2020
December 31, 2019
Due from:
Altice Europe$432  $302  $4,076  
Other affiliates and related parties3,020  3,020  2,698  
$3,452  $3,322  $6,774  
Due to:
Altice Europe$5,722  $5,722  $7,456  
$5,722  $5,722  $7,456  

Amounts due from affiliates presented in the table above represent amounts paid by the Company on behalf of or for services provided to the respective related party. Amounts due to affiliates relate to the purchase of equipment and advertising services, as well as reimbursement for payments made on our behalf.
In June 2020, pursuant to the Company's share repurchase program, the Company purchased 3,582,525 Altice USA Class A common stock held by Altice Europe for a total consideration of $84,906. See further information regarding the Company's share repurchase program in Note 1.
CSC Holdings
CSC Holdings made cash equity distribution payments to its parent aggregating $652,383, and $1,372,733, respectively, during the three and six months ended June 30, 2020. The distributions for the three months ended June 30, 2020 were recorded as a decrease in retained earnings of $105,980, representing the cumulative earnings through the distribution dates, and a decrease in other member's equity of $546,403. The distributions for the six months ended June 30, 2020 were recorded as a decrease in retained earnings of $130,297, representing the cumulative earnings through the distribution dates, and a decrease in other member's equity of $1,242,436.
CSC Holdings made cash equity distribution payments to its parent aggregating $635,028 and $1,229,490, respectively, during the three and six months ended June 30, 2019. The distributions for the three months ended June 30, 2019 were recorded as a decrease in retained earnings of $90,324, representing the cumulative earnings through the distribution dates, and a decrease in other member's equity of $544,704. The distributions for the six months ended June 30, 2019 were recorded as a decrease in retained earnings of $633,541, representing the cumulative earnings through the distribution dates, and a decrease in other member's equity of $595,949.
For the three and six months ended June 30, 2020, CSC Holdings recorded net non-cash equity contributions (distributions) of $35,415 and $(115,187), respectively, which represent the non-cash settlement of intercompany balances with Altice USA. These balances primarily include amounts due to/ due from Altice USA pursuant to a historical tax allocation policy and tax sharing agreements between the entities.
v3.20.2
COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Legal Matters
In the latter half of 2018, eight named plaintiffs, each on behalf of a putative class of stockholders who purchased Company common stock in Altice USA's IPO pursuant to the Registration Statement and Prospectus, filed complaints (seven in New York State Supreme Court, one in United States District Court for the Eastern District of New York). The lawsuits name as defendants Altice USA, Altice Europe, and Altice USA's directors, among others, and assert that all defendants violated Sections 11 and 12 of the Securities Act of 1933 (the "Securities Act") and that the individual defendants violated Section 15 of the Securities Act as control persons. In a consolidated amended complaint filed in the lawsuit in the Eastern District of New York, plaintiff also asserts violations of Section 10(b) of the Securities Act of 1934 ("34 Act"), Rule 10b-5 promulgated thereunder, and Section 20 of the 34 Act against Altice USA, Altice Europe, and certain individual directors. The facts underlying each case are substantively similar, with plaintiffs alleging that the Registration Statement and Prospectus misrepresented or omitted material facts
relating to the negative performance of Altice France and Altice Portugal, the disclosure of which in November 2017 negatively impacted the value of Altice USA’s stock. In June of 2019, plaintiffs in the New York State action filed a consolidated amended complaint, which the Company moved to dismiss in July of 2019. The Company moved to dismiss the complaint in the Eastern District of New York in October 2019. On June 26, 2020, the state Court granted the Company’s motion to dismiss. Plaintiffs in the New York State action filed a notice of appeal on July 21, 2020.
On June 23, 2020, a purported stockholder of the Company filed a complaint in the Court of Chancery of the State of Delaware, derivatively on behalf of the Company, against Patrick Drahi, Next Alt S.A.R.L., and those directors of the Company who are members of the Compensation Committee (collectively, the “Director Defendants”). The Company is also named as a nominal defendant in the complaint. The complaint alleges that the Director Defendants breached their fiduciary duties to the Company’s stockholders, and wasted corporate assets, by approving certain equity grants for Patrick Drahi. The complaint seeks rescission of the equity awards, monetary damages, and costs and disbursements for the plaintiff.
The Company intends to vigorously defend these lawsuits. Although the outcome of the matter cannot be predicted and the impact of the final resolution of these matters on the Company’s results of operations in any particular subsequent reporting period is not known at this time, management does not believe that the ultimate resolution of these matters will have a material adverse effect on the operations or financial position of the Company or the ability of the Company to meet its financial obligations as they become due.
On November 6, 2018, Sprint Communications Company L.P ("Sprint") filed a complaint in the U.S. District Court for the District of Delaware alleging that the Company infringes Sprint’s patents purportedly by providing Voice over Internet Protocol ("VoIP") services. On December 3, 2018, Sprint filed a second complaint alleging that the Company infringes Sprint’s patents purportedly by providing certain VOD related services. The lawsuits are part of a pattern of litigation that was initiated as far back as 2005 by Sprint against numerous broadband and telecommunications providers, which has resulted in judgments and settlements of significant value for Sprint. The Company intends to vigorously defend the lawsuits. Although the outcome of the matter cannot be predicted and the impact of the final resolution of this matter on the Company’s results of operations in any particular subsequent reporting period is not known at this time, management does not believe that the ultimate resolution of the matter will have a material adverse effect on the operations or financial position of the Company or the ability of the Company to meet its financial obligations as they become due, but it could be material to the Company’s consolidated results of operations or cash flows for any one period.
The Company receives notices from third parties and, in some cases, is named as a defendant in certain lawsuits claiming infringement of various patents relating to various aspects of the Company's businesses. In certain of these cases other industry participants are also defendants. In certain of these cases the Company expects that any potential liability would be the responsibility of the Company's equipment vendors pursuant to applicable contractual indemnification provisions.
In the event that the Company is found to infringe on any patent rights, the Company may be subject to substantial damages and/or an injunction that could require the Company or its vendors to modify certain products and services the Company offers to its subscribers, as well as enter into royalty or license agreements with respect to the patents at issue. The Company believes that the claims are without merit, but is unable to predict the outcome of these matters or reasonably estimate a range of possible loss.
In addition to the matters discussed above, the Company is party to various lawsuits, disputes and investigations, some of which may involve claims for substantial damages, fines or penalties. Although the outcome of these other matters cannot be predicted and the impact of the final resolution of these other matters on the Company's results of operations in a particular subsequent reporting period is not known, management does not believe that the resolution of these other lawsuits will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.
v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTSOn July 14, 2020, the Company completed its acquisition of certain cable assets in New Jersey for approximately $150,000, subject to certain closing adjustments as set forth in the asset purchase agreement. In July 2020, the Company entered into an agreement to sell 49.99% of its Lightpath fiber enterprise business for an implied enterprise value of $3,200,000. The Company will receive total gross cash proceeds of approximately $2,300,000 from the sale and related financing activity and will record a gain upon closing. Approximately $1,100,000 of the net proceeds after tax are expected to be used by the Company to repay debt such that the transaction is at least leverage-neutral to CSC Holdings. The Company will retain a 50.01% interest in Lightpath and maintain control. Accordingly, the Company will continue to consolidate the operating results of the Lightpath business. The transaction is currently expected to close in the fourth quarter of 2020 following the satisfaction of closing conditions, including receipt of necessary regulatory approvals. Upon closing, Lightpath will be financed independently outside of the CSC Holdings restricted group.
v3.20.2
BASIS OF PRESENTATION (Policies)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Reclassifications
Reclassifications
Certain reclassifications have been made to the 2019 financial statements to conform to the 2020 presentation.
v3.20.2
Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Recently Adopted Accounting Pronouncements and Recently Issued But Not Yet Adopted Accounting Pronouncements
Recently Adopted Accounting Pronouncements
ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04")
In March 2020, the Financial Accounting Standards Board ("FASB") issued new accounting guidance related to the effects of reference rate reform on financial reporting. The guidance, effective for reporting periods through December 31, 2022, provides accounting relief for contract modifications that replace an interest rate impacted by reference rate reform (e.g., LIBOR) with a new alternative reference rate. The Company adopted the guidance as of March 31, 2020. The adoption of this guidance did not have an impact on the Company's consolidated financial statements.
ASU No. 2019-12, Simplifying the Accounting for Income Taxes ("ASU 2019-12")
In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). ASU 2019-12 simplifies the accounting for income taxes by eliminating certain exceptions for investments, intraperiod allocations and interim calculations. The new guidance also simplifies aspects of the accounting for franchise taxes, enacted changes in tax laws or rates, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The amendments did not create new accounting requirements. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements.
ASU No. 2018-15, Customer’s Accounting for Implementation Costs in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15")
In August 2018, the FASB issued ASU 2018-15 which requires upfront implementation costs incurred in a cloud computing arrangement (or hosting arrangement) that is a service contract to be amortized to hosting expense over the term of the arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements.
ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350) ("ASU 2017-04")
In January 2017, the FASB issued ASU 2017-04 which simplifies the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment requires an entity to perform its annual, or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The Company adopted the standard as of January 1, 2020. The adoption of this standard did not have an impact on the Company's consolidated financial statements.
ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13")
In June 2016, the FASB issued ASU 2016-13 which requires a financial asset (or a group of financial assets) measured at amortized cost to be assessed for impairment under the current expected credit loss model rather than an incurred loss model. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount.  ASU 2016-13 became effective for the Company on January 1, 2020 and the adoption of this standard did not have a significant impact on the Company's consolidated financial statements. The Company will continue to actively monitor the impact of the recent coronavirus (COVID-19) pandemic on expected credit losses.
Recently Issued But Not Yet Adopted Accounting Pronouncements
ASU No. 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14")
In August 2018, the FASB issued ASU 2018-14 which amends ASC 715 to clarify certain disclosure requirements related to defined benefit pension and other postretirement plans. ASU 2018-14 becomes effective for the Company on January 1, 2021, although early adoption is permitted. The Company does not expect the adoption of ASU 2018-14 to have a material impact on its consolidated financial statements.
v3.20.2
BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Stock by Class
Common Stock of Altice USA
The following table provides details of Altice USA's shares of common stock outstanding:
 Shares of Common Stock Outstanding
 Class A
Common Stock
Class B
Common Stock
Balance at December 31, 2019446,749,307  186,245,832  
Conversion of Class B common stock to Class A common stock51,475  (51,475) 
Shares issued in connection with stock option exercises209,105  —  
Retirement of Class A common shares in connection with the Company's stock
repurchase plan (see Note 1)
(56,956,374) —  
Shares issued from treasury upon vesting of redeemable equity and restricted awards3,542,515  —  
Balance at June 30, 2020393,596,028  186,194,357  
v3.20.2
Revenue Recognition and Deferred Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Disaggregation of Revenue [Abstract]  
Disaggregation of Revenue
The following table presents the composition of revenue:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Residential:
Broadband
$920,363  $806,250  $1,805,892  $1,581,823  
Video
952,526  1,018,426  1,899,587  2,035,756  
Telephony
117,322  150,232  242,352  304,696  
Business services and wholesale
365,564  357,806  730,094  708,495  
News and advertising96,631  114,450  202,171  209,188  
Mobile19,866  —  38,222  —  
Other2,707  3,917  6,917  7,690  
Total revenue$2,474,979  $2,451,081  $4,925,235  $4,847,648  
Contract with Customer, Asset and Liability
The following table provides information about customer contract costs and deferred revenue related to contracts with customers:
June 30, 2020December 31, 2019
Customer contract costs (a)
$21,724  $30,758  
Deferred revenue (b)164,732  182,034  

(a)Customer contract costs include primarily sales commissions for business services enterprise customers that are deferred and amortized over the average contract term.
(b)Deferred revenue represents payments received from customers for services that have yet to be provided and installation revenue which is deferred and recognized over the benefit period. A portion of the Company's deferred revenue represents payments for services for up to one month in advance from residential and small and medium sized business ("SMB") customers which is realized within the following month as services are performed and the remaining portion is recognized over the contract period.
v3.20.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted income per share attributable to Altice USA stockholders for the three and six months ended June 30, 2020 and 2019:
Three Months Ended
June 30, 2020
Six Months Ended
June 30, 2020
Three Months Ended
June 30, 2019
Six Months Ended
June 30, 2019
(in thousands)
Basic weighted average shares outstanding587,587  604,500  668,031  681,703  
Effect of dilution:
Stock options1,857  2,079  566  285  
Restricted stock22  18  51  26  
Diluted weighted average shares outstanding589,466  606,597  668,648  682,014  
Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares28,514  24,362  1,292  6,350  
Performance stock units and restricted stock whose performance metrics have not been achieved.
8,943  7,758  —  —  
v3.20.2
RESTRUCTURING AND OTHER EXPENSE (Tables)
6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Cost Activity
The following table summarizes the activity for the 2016 Restructuring Plan:
Severance and Other Employee Related CostsFacility Realignment and Other CostsTotal
Accrual balance at December 31, 2019$1,676  $2,332  $4,008  
Restructuring charges—  2,059  2,059  
Payments and other(1,639) (1,813) (3,452) 
Accrual balance at June 30, 2020$37  $2,578  $2,615  
The following table summarizes the activity for the 2019 Restructuring Plan:
Severance and Other Employee Related Costs
Accrual balance at December 31, 2019$37,946  
Restructuring charges3,180  
Payments and other(18,186) 
Accrual balance at June 30, 2020$22,940  
v3.20.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lesee, Operating Lease And Finance Lease, Liability
Balance sheet information related to the Company's leases is presented below:
Balance Sheet locationJune 30, 2020December 31, 2019
Operating leases:
Right-of-use lease assetsRight-of-use operating lease assets$270,592  $280,340  
Right-of-use lease liability, currentOther current liabilities40,440  38,836  
Right-of-use lease liability, long-termRight-of-use operating lease liability259,297  269,062  
Finance leases:
Right-of-use lease assetsProperty, plant and equipment137,370  70,339  
Right-of-use lease liability, currentCurrent portion of long-term debt49,478  22,017  
Right-of-use lease liability, long-termLong-term debt86,571  47,403  
Lease, Cost
The following provides details of the Company's lease expense:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Operating lease expense, net$14,849  $14,948  $29,853  $30,226  

Finance lease expense:
Amortization of assets6,960  1,630  11,420  3,192  
Interest on lease liabilities1,477  388  2,504  746  
Total finance lease expense8,437  $2,018  13,924  3,938  
$23,286  $16,966  $43,777  $34,164  
Lessee, Topic 842, Other Lease Information
Other information related to leases is presented below:
As of June 30,
20202019
Right-of-use assets acquired in exchange for operating lease obligations$15,430  $43,441  
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows related to finance leases2,504  746  
Operating cash flows related to operating leases32,126  32,481  
Weighted Average Remaining Lease Term:
Operating leases9.3 years9.6 years
Finance leases2.9 years4.6 years
Weighted Average Discount Rate:
Operating leases5.86 %6.06 %
Finance leases5.66 %5.86 %
Finance Lease, Liability, Maturity
The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
Finance leasesOperating leases
2020 (excluding the six months ended June 30, 2020)$30,527  $27,389  
202150,543  43,615  
202246,298  49,668  
202315,501  39,694  
20243,413  35,261  
Thereafter300  200,665  
Total future minimum lease payments, undiscounted146,582  396,292  
Less: Imputed interest(10,533) (96,555) 
Present value of future minimum lease payments$136,049  $299,737  
Lessee, Operating Lease, Liability, Maturity
The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
Finance leasesOperating leases
2020 (excluding the six months ended June 30, 2020)$30,527  $27,389  
202150,543  43,615  
202246,298  49,668  
202315,501  39,694  
20243,413  35,261  
Thereafter300  200,665  
Total future minimum lease payments, undiscounted146,582  396,292  
Less: Imputed interest(10,533) (96,555) 
Present value of future minimum lease payments$136,049  $299,737  
v3.20.2
INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table summarizes information relating to the Company's acquired amortizable intangible assets: 
As of June 30, 2020As of December 31, 2019
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountEstimated Useful Lives
Customer relationships
$6,017,524  $(3,174,454) $2,843,070  $6,017,524  $(2,843,561) $3,173,963  8 to 18 years
Trade names
1,081,083  (846,929) 234,154  1,081,083  (798,484) 282,599  2 to 5 years
Other amortizable intangibles
53,418  (33,426) 19,992  53,181  (28,634) 24,547  1 to 15 years
$7,152,025  $(4,054,809) $3,097,216  $7,151,788  $(3,670,679) $3,481,109  
v3.20.2
DEBT (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following details the Company's outstanding debt:
Interest RateJune 30, 2020December 31, 2019
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
Senior Notes:
November 15, 2011November 15, 20216.750 %$1,000,000  $984,412  $1,000,000  $979,178  
September 27, 2012September 15, 20225.875 %649,024  608,861  649,024  600,849  
May 23, 2014June 1, 20245.250 %750,000  690,331  750,000  683,940  
October 18, 2018July 15, 20257.750 %(e)1,740  1,698  1,740  1,695  
October 9, 2015October 15, 202510.875 %1,684,221  1,666,435  1,684,221  1,665,237  
October 18, 2018April 1, 20287.500 %4,118  4,112  4,118  4,112  
November 27, 2018July 15, 20257.750 %(e)617,881  606,479  617,881  605,583  
November 27, 2018April 1, 20287.500 %1,045,882  1,044,349  1,045,882  1,044,278  
July 10 and October 7, 2019January 15, 20305.750 %2,250,000  2,287,660  2,250,000  2,289,168  
June 16, 2020December 1, 20304.625 %625,000  622,176  —  —  
Senior Guaranteed Notes:
October 9, 2015October 15, 20256.625 %1,000,000  990,233  1,000,000  989,483  
September 23, 2016April 15, 20275.500 %1,310,000  1,305,688  1,310,000  1,305,430  
January 29, 2018February 1, 20285.375 %1,000,000  993,116  1,000,000  992,757  
November 27, 2018July 15, 20235.375 %(e)1,095,825  1,083,676  1,095,825  1,081,879  
November 27, 2018May 15, 20265.500 %1,498,806  1,486,760  1,498,806  1,485,911  
January 24, 2019February 1, 20296.500 %1,750,000  1,747,118  1,750,000  1,746,996  
June 16, 2020December 1, 20304.125 %1,100,000  1,095,311  —  —  
17,382,497  17,218,415  15,657,497  15,476,496  
CSC Holdings Restricted Group:
Revolving Credit Facility(c)(c)(b)—  —  —  —  
Term Loan BJuly 17, 20252.435 %2,910,000  2,897,887  2,925,000  2,911,729  
Incremental Term Loan B-3January 15, 20262.435 %1,259,063  1,254,243  1,265,438  1,260,200  
Incremental Term Loan B-5April 15, 20272.685 %2,992,500  2,970,328  3,000,000  2,976,358  
7,161,563  7,122,458  7,190,438  7,148,287  
Collateralized indebtedness (see Note 11)1,699,566  1,601,107  1,699,566  1,585,088  
Finance lease obligations (see Note 8)136,049  136,049  69,420  69,420  
Notes payable and supply chain financing (d)119,889  107,658  156,519  140,994  
26,499,564  26,185,687  24,773,440  24,420,285  
Less: current portion of credit facility debt(72,750) (72,750) (65,250) (65,250) 
Less: current portion of senior guaranteed notes(1,095,825) (1,083,676) —  —  
Less: current portion of senior notes(619,621) (608,177) —  —  
Less: current portion of finance lease obligations(49,478) (49,478) (22,017) (22,017) 
Less: current portion of notes payable and supply chain financing(45,209) (45,209) (83,415) (83,415) 
(1,882,883) (1,859,290) (170,682) (170,682) 
Long-term debt$24,616,681  $24,326,397  $24,602,758  $24,249,603  
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums and with respect to certain notes, a fair value adjustment resulting from the Cequel and Cablevision acquisitions.
(b)At June 30, 2020, $141,949 of the revolving credit facility was restricted for certain letters of credit issued on behalf of
the Company and $2,333,051 of the facility was undrawn and available, subject to covenant limitations.
(c)The revolving credit facility of an aggregate principal amount of $2,275,000 matures in January 2024 and priced at LIBOR plus 2.25%. The remaining revolving credit facility of an aggregate principal amount of $200,000 matures in November 2021 and priced at LIBOR plus 3.25%.
(d)Includes $37,581 related to supply chain financing agreements that is required to be repaid within one year from the date of the respective agreement. The principal amounts include $59,451 of notes payable that will be reclassified to collateralized indebtedness upon the maturity, in January 2021, of a monetization contract related to the synthetic monetization closeout transaction in November 2019.
(e)These notes were repaid in July 2020 with proceeds from the issuance of new notes in June 2020. See discussion below. Accordingly, the carrying amount of these notes was reclassified to current debt in the accompanying balance sheets as of June 30, 2020.
Schedule of Extinguishment of Debt
The following table provides a summary of the loss on extinguishment of debt and the write-off of deferred financing costs recorded by the Company upon the redemption of senior notes and the refinancing of credit facilities:
Three months ended
June 30, 2019
Six months ended June 30, 2019
CSC Holdings 10.125% Senior Notes due 2023
$—  $154,666  
Refinancing and subsequent amendment to CSC Holdings credit facility
1,194  4,430  
$1,194  $159,096  
Schedule of Maturities of Long-term Debt
The future maturities of debt payable by the Company under its various debt obligations outstanding as of June 30, 2020, including notes payable and collateralized indebtedness (see Note 11), but excluding finance lease obligations (see Note 8), are as follows:
2020 (excluding the six months ended June 30, 2020) (a)$1,782,180  
20211,092,181  
2022728,667  
20231,835,383  
2024822,889  
Thereafter20,102,215  
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The following represents the location of the assets and liabilities associated with the Company's derivative instruments within the consolidated balance sheets:
Derivatives Not Designated as Hedging InstrumentsBalance Sheet LocationFair Value at
June 30, 2020December 31, 2019
Asset Derivatives:
Interest rate swap contracts
Derivative contracts, long-term$4,058  $—  
Prepaid forward contracts
Derivative contracts, long-term221,733  25,207  
225,791  25,207  
Liability Derivatives:
Interest rate swap contracts
Other current liabilities(4,016) (469) 
Prepaid forward contracts
Liabilities under derivative contracts, long-term(3,520) (94,795) 
Interest rate swap contracts
Liabilities under derivative contracts, long-term(309,396) (160,871) 
 $(316,932) $(256,135) 
Location of Assets and Liabilities Associated With Derivative Instruments Within the Condensed Consolidated Balance Sheets
The following table presents certain statement of operations data related to our derivative contracts and the underlying common stock:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Gain (loss) on derivative contracts related to change in the value of equity derivative contracts related to Comcast common stock
$(152,061) $(49,624) $287,800  $(226,653) 
Change in the fair value of Comcast common stock included in gain (loss) on investments
197,594  98,794  (257,302) 353,519  
Loss on interest rate swap contracts, net of a gain of $74,835 recorded in the 2020 six month period in connection with the early termination of the swap agreements discussed below
(33,735) (26,900) (88,567) (50,572) 
Schedule of Collateralized Debt Settlement
The following is a summary of interest rate swap contracts outstanding at June 30, 2020:
Trade DateMaturity DateNotional AmountCompany PaysCompany Receives
December 2018January 2025$500,000  Fixed rate of 1.53%Three-month LIBOR
December 2018January 2022500,000  Fixed rate of 2.733%Three-month LIBOR
December 2018January 2025500,000  Fixed rate of 1.625%Three-month LIBOR
December 2018December 2026750,000  Fixed rate of 2.9155%Three-month LIBOR
December 2018December 2026750,000  Fixed rate of 2.9025%Three-month LIBOR
March 2020January 2025500,000  Fixed rate of 1.458%Three-month LIBOR
March 2020January 2022500,000  Three-month LIBORFixed rate of 2.733%
April 2020April 20212,850,000  Six-month LIBOR minus 0.5185%One-month LIBOR
v3.20.2
FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents for each of these hierarchy levels, the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis:
Fair Value
Hierarchy
June 30, 2020December 31, 2019
Assets:
Money market funds
Level I$1,842,086  $563,704  
Investment securities pledged as collateralLevel I1,674,395  1,931,697  
Prepaid forward contractsLevel II221,733  25,207  
Interest rate swap contractsLevel II4,058  —  
Liabilities:
Prepaid forward contractsLevel II3,520  94,795  
Interest rate swap contractsLevel II313,412  161,340  
Contingent consideration related to 2017 and 2018 acquisitionsLevel III1,767  7,250  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying values, estimated fair values, and classification under the fair value hierarchy of the Company's financial instruments, excluding those that are carried at fair value in the accompanying consolidated balance sheets, are summarized as follows:
June 30, 2020December 31, 2019
Fair Value
Hierarchy
Carrying
Amount (a)
Estimated
Fair Value
Carrying
Amount (a)
Estimated
Fair Value
Credit facility debtLevel II$7,122,458  $7,161,563  $7,148,287  $7,190,438  
Collateralized indebtednessLevel II1,601,107  1,696,376  1,585,088  1,611,095  
Senior guaranteed notesLevel II8,701,902  9,094,711  7,602,456  8,220,518  
Senior notesLevel II8,516,513  9,037,404  7,874,040  8,728,870  
Notes payable and supply chain financingLevel II107,658  108,619  140,994  141,713  
$26,049,638  $27,098,673  $24,350,865  $25,892,634  
(a)Amounts are net of unamortized deferred financing costs and discounts/premiums.
v3.20.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activity for Shares
The following table summarizes activity relating to these carry units:
Number of Time
Vesting Awards
Weighted Average Grant Date Fair Value
Balance, December 31, 201937,518,750  $2.35  
Vested(27,343,750) 2.31  
Forfeited(212,500) 0.56  
Balance, June 30, 20209,962,500  $2.71  
Share-based Compensation, Stock Options, Activity
The following table summarizes activity related to the stock options granted to Company employees:
 Shares Under OptionWeighted Average
Exercise
Price Per Share
Weighted Average Remaining
Contractual Term
(in years)
Aggregate Intrinsic
Value (a)
Balance at December 31, 201914,083,741  $19.12  8.74$112,915  
Granted26,093,256  28.32  
Exercised(209,105) 17.46  
Forfeited(1,749,476) 21.44  
Balance at June 30, 202038,218,416  25.31  9.1449,108,141  
Options exercisable at June 30, 2020
788,053  $17.70  7.17$3,848,578  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Risk-free interest rate1.45%
Expected life (in years)6.38
Dividend yield—%
Volatility28.46%
Grant date fair value$7.74
Performance Based Vesting  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Risk-free interest rate1.46%
Expected life (in years)
4 and 6
Dividend yield—%
Volatility34.22%
v3.20.2
AFFILIATE AND RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Summary of related party transactions
The following table summarizes the revenue and charges related to services provided to or received from affiliates and related parties:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenue$3,379  $496  $6,867  $1,088  
Operating expenses:
Programming and other direct costs$(1,738) $(2,087) $(3,927) $(3,774) 
Other operating expenses, net(2,161) (2,020) (6,102) (4,266) 
Operating expenses, net(3,899) (4,107) (10,029) (8,040) 
Net charges - Altice USA$(520) $(3,611) $(3,162) $(6,952) 
Capital Expenditures$3,676  $2,536  $10,901  $5,890  
ggregate amounts that were due from and due to affiliates and related parties are summarized below:
Altice USACSC HoldingsAltice USA and CSC Holdings
June 30,
2020
June 30,
2020
December 31, 2019
Due from:
Altice Europe$432  $302  $4,076  
Other affiliates and related parties3,020  3,020  2,698  
$3,452  $3,322  $6,774  
Due to:
Altice Europe$5,722  $5,722  $7,456  
$5,722  $5,722  $7,456  
v3.20.2
DESCRIPTION OF BUSINESS AND RELATED MATTERS (Details)
$ in Thousands
3 Months Ended 6 Months Ended 22 Months Ended 25 Months Ended
Mar. 31, 2020
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Jun. 30, 2020
USD ($)
segment
shares
Mar. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
shares
Dec. 31, 2019
shares
Jul. 31, 2019
USD ($)
Jun. 08, 2018
USD ($)
Business Acquisition [Line Items]                  
Number of segments | segment       1          
Share repurchase authorized | $                 $ 2,000,000
Shares repurchased (in shares)       56,956,374   157,653,766      
Value of shares repurchased | $ $ 749,998 $ 599,952 $ 600,001 $ 1,381,235 $ 3,568,109        
Availability remaining under its stock repurchase program | $       $ 3,431,891   $ 3,431,891      
Common stock, shares outstanding (in shares)       579,790,385   579,790,385      
Common Class A                  
Business Acquisition [Line Items]                  
Shares repurchased (in shares)       56,956,374          
Common stock, shares outstanding (in shares)       393,596,028   393,596,028 446,749,307    
Common Class B                  
Business Acquisition [Line Items]                  
Shares repurchased (in shares)       0          
Common stock, shares outstanding (in shares)       186,194,357   186,194,357 186,245,832    
2019 Share Repurchase Authorization [Member]                  
Business Acquisition [Line Items]                  
Share repurchase authorized | $               $ 5,000,000  
Additional Paid-in Capital [Member]                  
Business Acquisition [Line Items]                  
Value of shares repurchased | $ $ 749,686 $ 599,703 $ 599,707            
v3.20.2
BASIS OF PRESENTATION - Narrative (Details) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Class of Stock [Line Items]            
Antidilutive securities 28,514   1,292   24,362 6,350
Document Period End Date         Jun. 30, 2020  
CSC Holdings            
Class of Stock [Line Items]            
Cash distributions to shareholders $ 652,383 $ 720,350        
Payments of dividends         $ 1,372,733 $ 1,229,489
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid     $ 635,028 $ 594,462    
v3.20.2
BASIS OF PRESENTATION - Schedule of Stock by Class (Details) - shares
6 Months Ended 25 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Common Stock Outstanding Roll Forward [Roll Forward]    
Retirement of Class A common shares in connection with the Company's stock repurchase plan (in shares) (56,956,374) (157,653,766)
Ending balance common stock, shares outstanding (in shares) 579,790,385 579,790,385
Common Class A    
Common Stock Outstanding Roll Forward [Roll Forward]    
Beginning balance common stock, shares outstanding (in shares) 446,749,307  
Conversion of Class B common stock to Class A common stock (in shares) 51,475  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period 209,105  
Retirement of Class A common shares in connection with the Company's stock repurchase plan (in shares) (56,956,374)  
Stock Issued During Period, Shares, Treasury Stock Reissued 3,542,515  
Ending balance common stock, shares outstanding (in shares) 393,596,028 393,596,028
Common Class B    
Common Stock Outstanding Roll Forward [Roll Forward]    
Beginning balance common stock, shares outstanding (in shares) 186,245,832  
Conversion of Class B common stock to Class A common stock (in shares) (51,475)  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period 0  
Retirement of Class A common shares in connection with the Company's stock repurchase plan (in shares) 0  
Stock Issued During Period, Shares, Treasury Stock Reissued 0  
Ending balance common stock, shares outstanding (in shares) 186,194,357 186,194,357
v3.20.2
Revenue Recognition and Deferred Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Contract Assets and Liabilities [Line Items]          
Revenues $ 2,474,979 $ 2,451,081 $ 4,925,235 $ 4,847,648  
Contract assets 21,724   21,724   $ 30,758
Deferred revenue 164,732   $ 164,732   $ 182,034
Customer Contracts | Minimum          
Contract Assets and Liabilities [Line Items]          
Finite-lived intangible asset, useful life     3 years    
Customer Contracts | Maximum          
Contract Assets and Liabilities [Line Items]          
Finite-lived intangible asset, useful life     5 years    
Broadband [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 920,363 806,250 $ 1,805,892 1,581,823  
Pay TV [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 952,526 1,018,426 1,899,587 2,035,756  
Telephony [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 117,322 150,232 242,352 304,696  
Business Services and Wholesale [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 365,564 357,806 730,094 708,495  
Advertising and News [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 96,631 114,450 202,171 209,188  
Mobile [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 19,866 0 38,222 0  
Products And Services, Other [Member]          
Contract Assets and Liabilities [Line Items]          
Revenues 2,707 3,917 6,917 7,690  
Franchise [Member]          
Contract Assets and Liabilities [Line Items]          
Franchise fees and other taxes and fees $ 65,280 $ 63,920 $ 130,190 $ 128,156  
v3.20.2
Earnings Per Share (Details) - shares
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Antidilutive securities 28,514 1,292 24,362 6,350
Basic weighted average common shares (in thousands) 587,587 668,031 604,500 681,703
Weighted Average Number of Shares Outstanding, Diluted 589,466 668,648 606,597 682,014
Performance stock units and restricted stock whose performance metrics have not been met and are not included in diluted weighted average shares outstanding 8,943 0 7,758 0
Restricted Stock Award        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 22 51 18 26
Equity Option        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 1,857 566 2,079 285
v3.20.2
RESTRUCTURING AND OTHER EXPENSE (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Restructuring Reserve [Roll Forward]        
Accrual, beginning balance     $ 4,008  
Restructuring Charges     2,059  
Payments for Restructuring     3,452  
Accrual, ending balance $ 2,615   2,615  
Cumulative restructuring costs 436,984   436,984  
Transaction costs 88 $ 574 577 $ 970
Restructuring expense relating to right of use operating leases 611 $ 147 2,316 $ 8,696
2019 Restructuring        
Restructuring Reserve [Roll Forward]        
Cumulative restructuring costs 45,895   45,895  
Employee Severance [Member]        
Restructuring Reserve [Roll Forward]        
Accrual, beginning balance     1,676  
Restructuring Charges     0  
Payments for Restructuring     1,639  
Accrual, ending balance 37   37  
Employee Severance [Member] | 2019 Restructuring        
Restructuring Reserve [Roll Forward]        
Accrual, beginning balance     37,946  
Restructuring Charges     3,180  
Payments for Restructuring     18,186  
Accrual, ending balance 22,940   22,940  
Employee Severance [Member] | 2020 Severance [Member]        
Restructuring Reserve [Roll Forward]        
Restructuring Charges     40,128  
Accrual, ending balance 29,735   29,735  
Facility Realignment and Other Costs [Member]        
Restructuring Reserve [Roll Forward]        
Accrual, beginning balance     2,332  
Restructuring Charges     2,059  
Payments for Restructuring     1,813  
Accrual, ending balance $ 2,578   $ 2,578  
v3.20.2
LEASES - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Leases [Abstract]          
Operating Lease, Right-of-Use Asset $ 270,592   $ 270,592   $ 280,340
Operating Lease, Liability, Current 40,440   40,440   38,836
Operating Lease, Liability, Noncurrent 259,297   259,297   269,062
Finance Lease, Right-of-Use Asset 137,370   137,370   70,339
Finance Lease, Liability, Current 49,478   49,478   22,017
Finance Lease, Liability, Noncurrent 86,571   86,571   $ 47,403
Operating Lease Expense, Net 14,849 $ 14,948 29,853 $ 30,226  
Finance Lease, Right-of-Use Asset, Amortization 6,960 1,630 11,420 3,192  
Finance Lease, Interest Expense 1,477 388 2,504 746  
Finance Lease, Cost 8,437 2,018 13,924 3,938  
Finance And Operating Lease, Lessee Expense $ 23,286 $ 16,966 43,777 34,164  
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability     15,430 43,441  
Finance Lease, Interest Payment on Liability     2,504 746  
Operating Lease, Payments     $ 32,126 $ 32,481  
Operating Lease, Weighted Average Remaining Lease Term 9 years 3 months 18 days 9 years 7 months 6 days 9 years 3 months 18 days 9 years 7 months 6 days  
Finance Lease, Weighted Average Remaining Lease Term 2 years 10 months 24 days 4 years 7 months 6 days 2 years 10 months 24 days 4 years 7 months 6 days  
Operating Lease, Weighted Average Discount Rate, Percent 5.86% 6.06% 5.86% 6.06%  
Finance Lease, Weighted Average Discount Rate, Percent 5.66% 5.86% 5.66% 5.86%  
v3.20.2
LEASES - Future Minimum Lease Payments (Details)
$ in Thousands
Jun. 30, 2020
USD ($)
Finance Lease, Liability, Payments, Due Next Twelve Months $ 30,527
Finance Lease, Liability, Payments, Due Year Two 50,543
Finance Lease, Liability, Payments, Due Year Three 46,298
Finance Lease, Liability, Payments, Due Year Four 15,501
Finance Lease, Liability, Payments, Due Year Five 3,413
Finance Lease, Liability, Payments, Due after Year Five 300
Finance Lease, Liability, Payment, Due, Total 146,582
Finance Leases, Future Minimum Payments, Interest Included in Payments 10,533
Finance Leases, Future Minimum Payments, Present Value of Net Minimum Payments 136,049
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months 27,389
Lessee, Operating Lease, Liability, Payments, Due Year Two 43,615
Lessee, Operating Lease, Liability, Payments, Due Year Three 49,668
Lessee, Operating Lease, Liability, Payments, Due Year Four 39,694
Lessee, Operating Lease, Liability, Payments, Due Year Five 35,261
Lessee, Operating Lease, Liability, Payments, Due after Year Five 200,665
Lessee, Operating Lease, Liability, Payments, Due, Total 396,292
Operating Leases, Future Minimum Payments, Interest Included in Payments 96,555
Operating Leases, Future Minimum Payments, Present Value of Net Minimum Payments $ 299,737
v3.20.2
INTANGIBLE ASSETS - Summary of Acquired Intangible Assets (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 7,152,025 $ 7,151,788
Accumulated Amortization (4,054,809) (3,670,679)
Net Carrying Amount 3,097,216 3,481,109
Customer Relationships [Member]    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 6,017,524 6,017,524
Accumulated Amortization (3,174,454) (2,843,561)
Net Carrying Amount 2,843,070 3,173,963
Trade names    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 1,081,083 1,081,083
Accumulated Amortization (846,929) (798,484)
Net Carrying Amount 234,154 282,599
Other amortizable intangibles    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 53,418 53,181
Accumulated Amortization (33,426) (28,634)
Net Carrying Amount $ 19,992 $ 24,547
Minimum | Customer Relationships [Member]    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 8 years  
Minimum | Trade names    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 2 years  
Minimum | Other amortizable intangibles    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 1 year  
Maximum | Customer Relationships [Member]    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 18 years  
Maximum | Trade names    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 5 years  
Maximum | Other amortizable intangibles    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible asset, useful life 15 years  
v3.20.2
INTANGIBLE ASSETS - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization of intangible assets $ 183,031 $ 201,279 $ 384,130 $ 401,898
v3.20.2
INTANGIBLE ASSETS - Goodwill (Details) - USD ($)
$ in Thousands
1 Months Ended
Jul. 30, 2020
Dec. 31, 2019
Goodwill [Roll Forward]    
Goodwill, beginning balance $ 8,142,309  
Goodwill $ 8,142,309 $ 8,142,309
v3.20.2
DEBT - Credit Silo Combination (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Principal amount $ 26,499,564 $ 24,773,440
Long-term debt 26,185,687 24,420,285
Face Amount of Senior Notes and Senior Guaranteed Notes 17,382,497 15,657,497
Carrying amount of Senior Notes and Senior Guaranteed Notes 17,218,415 15,476,496
Face amount of Credit Facility Debt 7,161,563 7,190,438
Carrying value of Credit Facility Debt 7,122,458 7,148,287
Finance Lease, Liability 136,049 69,420
Long-term Debt, Current Maturities 1,859,290 170,682
Finance Lease, Liability, Current 49,478 22,017
Long-term Debt, Excluding Current Maturities 24,326,397 24,249,603
Principal Amount 26,499,564 24,773,440
Loans Payable    
Debt Instrument [Line Items]    
Principal amount 45,209 83,415
Long-term debt 45,209 83,415
Principal Amount 45,209 83,415
Credit Facility [Domain]    
Debt Instrument [Line Items]    
Principal amount 72,750 65,250
Long-term Debt, Current Maturities 72,750 65,250
Principal Amount 72,750 65,250
Short-term Debt    
Debt Instrument [Line Items]    
Principal amount 1,882,883 170,682
Long-term Debt, Current Maturities 1,859,290 170,682
Principal Amount 1,882,883 170,682
Senior guaranteed notes    
Debt Instrument [Line Items]    
Principal amount 1,095,825 0
Long-term Debt, Current Maturities 1,083,676 0
Principal Amount 1,095,825 0
CSC Holdings Senior Notes    
Debt Instrument [Line Items]    
Principal amount 619,621 0
Long-term Debt, Current Maturities 608,177 0
Principal Amount 619,621 0
Incremental Term Loan B-3 | Secured Debt [Member]    
Debt Instrument [Line Items]    
Principal amount $ 1,259,063 1,265,438
Stated interest rate 2.435%  
Credit facility $ 1,254,243 1,260,200
Principal Amount 1,259,063 1,265,438
CSC Holdings Revolving Credit Facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Principal amount 0 0
Line of Credit Facility, Maximum Borrowing Capacity 2,275,000  
Credit facility 0 0
Principal Amount $ 0 0
CSC Holdings Revolving Credit Facility | Secured Debt [Member] | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.25%  
CSC Holdings Term Loan B | Secured Debt [Member]    
Debt Instrument [Line Items]    
Principal amount $ 2,910,000 2,925,000
Stated interest rate 2.435%  
Credit facility $ 2,897,887 2,911,729
Principal Amount 2,910,000 2,925,000
Incremental Term Loan B-5 | Secured Debt [Member]    
Debt Instrument [Line Items]    
Principal amount $ 2,992,500 3,000,000
Stated interest rate 2.685%  
Credit facility $ 2,970,328 2,976,358
Principal Amount 2,992,500 3,000,000
Secured Debt [Member]    
Debt Instrument [Line Items]    
Principal amount 1,699,566 1,699,566
Long-term debt 1,601,107 1,585,088
Principal Amount 1,699,566 1,699,566
Loans Payable    
Debt Instrument [Line Items]    
Principal amount 119,889 156,519
Long-term debt 107,658 140,994
Principal Amount 119,889 156,519
Senior Notes | 6.75% Notes due November 15, 2021    
Debt Instrument [Line Items]    
Principal amount $ 1,000,000 1,000,000
Stated interest rate 6.75%  
Outstanding debt $ 984,412 979,178
Principal Amount 1,000,000 1,000,000
Senior Notes | 5.875% Notes due September 15, 2022    
Debt Instrument [Line Items]    
Principal amount $ 649,024 649,024
Stated interest rate 5.875%  
Outstanding debt $ 608,861 600,849
Principal Amount 649,024 649,024
Senior Notes | 5.25% Notes due June 1, 2024    
Debt Instrument [Line Items]    
Principal amount $ 750,000 750,000
Stated interest rate 5.25%  
Outstanding debt $ 690,331 683,940
Principal Amount 750,000 750,000
Senior Notes | CSC Holdings 7.750% Notes due July 15, 2025    
Debt Instrument [Line Items]    
Principal amount $ 1,740 1,740
Stated interest rate 7.75%  
Outstanding debt $ 1,698 1,695
Principal Amount 1,740 1,740
Senior Notes | 10.875% Notes due October 15, 2025    
Debt Instrument [Line Items]    
Principal amount $ 1,684,221 1,684,221
Stated interest rate 10.875%  
Outstanding debt $ 1,666,435 1,665,237
Principal Amount 1,684,221 1,684,221
Senior Notes | CSC Holdings 7.500% Notes due April 1, 2028    
Debt Instrument [Line Items]    
Principal amount $ 4,118 4,118
Stated interest rate 7.50%  
Outstanding debt $ 4,112 4,112
Principal Amount 4,118 4,118
Senior Notes | CSC Holdings 7.750% Notes due July 15, 2025    
Debt Instrument [Line Items]    
Principal amount $ 617,881 617,881
Stated interest rate 7.75%  
Outstanding debt $ 606,479 605,583
Principal Amount 617,881 617,881
Senior Notes | CSC Holdings 7.500% Notes due April 1, 2028    
Debt Instrument [Line Items]    
Principal amount $ 1,045,882 1,045,882
Stated interest rate 7.50%  
Outstanding debt $ 1,044,349 1,044,278
Principal Amount 1,045,882 1,045,882
Senior Notes | CSC Holdings 5.750% Notes due January 15, 2030    
Debt Instrument [Line Items]    
Principal amount $ 2,250,000 2,250,000
Stated interest rate 5.75%  
Outstanding debt $ 2,287,660 2,289,168
Principal Amount 2,250,000 2,250,000
Senior Notes | CSC Holdings 4.625% Notes due December 1, 2030    
Debt Instrument [Line Items]    
Principal amount $ 625,000 0
Stated interest rate 4.625%  
Outstanding debt $ 622,176 0
Principal Amount 625,000 0
Secured Debt [Member] | CSC Holdings 5.375% Senior Guaranteed Notes due July 15, 2023    
Debt Instrument [Line Items]    
Principal amount $ 1,095,825 1,095,825
Stated interest rate 5.375%  
Outstanding debt $ 1,083,676 1,081,879
Principal Amount 1,095,825 1,095,825
Secured Debt [Member] | CSC Holdings 5.500% Notes due May 15, 2026    
Debt Instrument [Line Items]    
Principal amount $ 1,498,806 1,498,806
Stated interest rate 5.50%  
Outstanding debt $ 1,486,760 1,485,911
Principal Amount 1,498,806 1,498,806
Secured Debt [Member] | 6.625% Notes due October 15, 2025    
Debt Instrument [Line Items]    
Principal amount $ 1,000,000 1,000,000
Stated interest rate 6.625%  
Outstanding debt $ 990,233 989,483
Principal Amount 1,000,000 1,000,000
Secured Debt [Member] | 5.5% Notes due April 15, 2027    
Debt Instrument [Line Items]    
Principal amount $ 1,310,000 1,310,000
Stated interest rate 5.50%  
Outstanding debt $ 1,305,688 1,305,430
Principal Amount 1,310,000 1,310,000
Secured Debt [Member] | 5.375% Senior Guaranteed Notes Due February 1, 2028    
Debt Instrument [Line Items]    
Principal amount $ 1,000,000 1,000,000
Stated interest rate 5.375%  
Outstanding debt $ 993,116 992,757
Principal Amount 1,000,000 1,000,000
Secured Debt [Member] | CSC Holdings 6.500% Notes due February 1, 2029    
Debt Instrument [Line Items]    
Principal amount $ 1,750,000 1,750,000
Stated interest rate 6.50%  
Outstanding debt $ 1,747,118 1,746,996
Principal Amount 1,750,000 1,750,000
Secured Debt [Member] | CSC Holdings 4.125% Notes due December 1, 2030    
Debt Instrument [Line Items]    
Principal amount $ 1,100,000 0
Stated interest rate 4.125%  
Outstanding debt $ 1,095,311 0
Principal Amount 1,100,000 0
Long-term Debt    
Debt Instrument [Line Items]    
Principal amount 24,616,681 24,602,758
Long-term Debt, Excluding Current Maturities 24,326,397 24,249,603
Principal Amount $ 24,616,681 $ 24,602,758
v3.20.2
DEBT - Schedule of Exchange Agreement (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Principal amount $ 26,499,564 $ 24,773,440
v3.20.2
DEBT - CSC Holdings Credit Facilities (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]              
Principal amount   $ 26,499,564     $ 26,499,564   $ 24,773,440
Redemption of debt amount         0 $ 2,462,692  
Loss on extinguishment of debt and write-off of deferred financing costs   0   $ 1,194 0 159,096  
Proceeds from credit facility debt, net of discounts         200,000 1,940,000  
Repayments of line of credit         228,875 602,830  
Loss on extinguishment of debt and write-off of deferred financing costs   0   (1,194) 0 (159,096)  
CSC Holdings              
Debt Instrument [Line Items]              
Redemption of debt amount         0 2,462,692  
Loss on extinguishment of debt and write-off of deferred financing costs $ (62,096) 0   1,194 0 159,096  
Cash distributions to shareholders   652,383 $ 720,350        
Proceeds from credit facility debt, net of discounts         200,000 1,940,000  
Repayments of line of credit         228,875 602,830  
Loss on extinguishment of debt and write-off of deferred financing costs $ 62,096 0   (1,194) 0 (159,096)  
Retained Earnings [Member] | CSC Holdings              
Debt Instrument [Line Items]              
Cash distributions to shareholders     $ 24,317        
CSC Holdings Term Loan Facility              
Debt Instrument [Line Items]              
Loss on extinguishment of debt and write-off of deferred financing costs       1,194   4,430  
Loss on extinguishment of debt and write-off of deferred financing costs       $ (1,194)   $ (4,430)  
5.5% Notes due April 15, 2027 | Secured Debt [Member]              
Debt Instrument [Line Items]              
Principal amount   $ 1,310,000     $ 1,310,000   1,310,000
Stated interest rate   5.50%     5.50%    
Secured Debt [Member] | CSC Holdings Revolving Credit Facility | LIBOR              
Debt Instrument [Line Items]              
Basis spread on variable rate         2.25%    
Secured Debt [Member] | Incremental Term Loan B-3              
Debt Instrument [Line Items]              
Principal amount   $ 1,259,063     $ 1,259,063   1,265,438
Secured Debt [Member] | Incremental Term Loan B-5              
Debt Instrument [Line Items]              
Principal amount   2,992,500     $ 2,992,500   3,000,000
Secured Debt [Member] | CSC Holdings Revolving Credit Facility - Non-Extend Creditors [Member] | LIBOR              
Debt Instrument [Line Items]              
Basis spread on variable rate         325.00%    
Revolving Credit Facility | CSC Holdings Revolving Credit Facility              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity   2,275,000     $ 2,275,000    
Principal amount   $ 0     $ 0   $ 0
v3.20.2
DEBT - Cequel Credit Facilities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Line of Credit Facility [Line Items]          
Redemption of debt amount     $ 0 $ 2,462,692  
Loss on extinguishment of debt and write-off of deferred financing costs $ 0 $ 1,194 0 $ 159,096  
Principal amount $ 26,499,564   $ 26,499,564   $ 24,773,440
v3.20.2
DEBT - Credit Facilities Outstanding (Details) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Long-term debt $ 26,185,687,000 $ 24,420,285,000
Principal Amount 26,499,564,000 24,773,440,000
CSC Holdings Revolving Credit Facility, Portion Due October 9, 2020 | Revolving Credit Facility    
Debt Instrument [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity 200,000  
CSC Holdings Revolving Credit Facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity 2,275,000,000  
Credit facility, Carrying Value 0 0
Letters of credit outstanding 141,949,000  
Line of credit facility, remaining borrowing capacity 2,333,051,000  
Principal Amount $ 0 0
CSC Holdings Term Loan B | Secured Debt [Member]    
Debt Instrument [Line Items]    
Stated interest rate 2.435%  
Credit facility, Carrying Value $ 2,897,887,000 2,911,729,000
Principal Amount $ 2,910,000,000 2,925,000,000
Incremental Term Loan B-3 | Secured Debt [Member]    
Debt Instrument [Line Items]    
Stated interest rate 2.435%  
Credit facility, Carrying Value $ 1,254,243,000 1,260,200,000
Principal Amount 1,259,063,000 1,265,438,000
Secured Debt [Member]    
Debt Instrument [Line Items]    
Long-term debt 1,601,107,000 1,585,088,000
Principal Amount $ 1,699,566,000 $ 1,699,566,000
v3.20.2
DEBT - Senior Guaranteed Notes and Senior Notes and Debentures (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]          
Principal amount $ 26,499,564   $ 26,499,564   $ 24,773,440
Face Amount of Senior Notes and Senior Guaranteed Notes 17,382,497   17,382,497   15,657,497
Carrying amount of Senior Notes and Senior Guaranteed Notes 17,218,415   17,218,415   15,476,496
Face amount of Credit Facility Debt 7,161,563   7,161,563   7,190,438
Carrying value of Credit Facility Debt 7,122,458   7,122,458   7,148,287
Finance Lease, Liability 136,049   136,049   69,420
Long-term debt 26,185,687   26,185,687   24,420,285
Long-term Debt, Current Maturities 1,859,290   1,859,290   170,682
Finance Lease, Liability, Current 49,478   49,478   22,017
Long-term Debt, Excluding Current Maturities 24,326,397   24,326,397   24,249,603
Repayments of line of credit     228,875 $ 602,830  
Loss on extinguishment of debt and write-off of deferred financing costs 0 $ (1,194) 0 $ (159,096)  
Loans Payable          
Debt Instrument [Line Items]          
Principal amount 45,209   45,209   83,415
Long-term debt 45,209   45,209   83,415
Short-term Debt          
Debt Instrument [Line Items]          
Principal amount 1,882,883   1,882,883   170,682
Long-term Debt, Current Maturities 1,859,290   1,859,290   170,682
Credit Facility [Domain]          
Debt Instrument [Line Items]          
Principal amount 72,750   72,750   65,250
Long-term Debt, Current Maturities 72,750   72,750   65,250
CSC Holdings Revolving Credit Facility | Revolving Credit Facility          
Debt Instrument [Line Items]          
Principal amount 0   0   0
Line of Credit Facility, Maximum Borrowing Capacity 2,275,000   2,275,000    
Credit facility 0   0   0
Incremental Term Loan B-3 | Secured Debt [Member]          
Debt Instrument [Line Items]          
Principal amount $ 1,259,063   $ 1,259,063   1,265,438
Stated interest rate 2.435%   2.435%    
Credit facility $ 1,254,243   $ 1,254,243   1,260,200
Incremental Term Loan B-5 | Secured Debt [Member]          
Debt Instrument [Line Items]          
Principal amount $ 2,992,500   $ 2,992,500   3,000,000
Stated interest rate 2.685%   2.685%    
Credit facility $ 2,970,328   $ 2,970,328   2,976,358
Loans Payable          
Debt Instrument [Line Items]          
Principal amount 119,889   119,889   156,519
Long-term debt 107,658   107,658   140,994
Secured Debt [Member]          
Debt Instrument [Line Items]          
Principal amount 1,699,566   1,699,566   1,699,566
Long-term debt $ 1,601,107   $ 1,601,107   1,585,088
Secured Debt [Member] | 6.625% Notes due October 15, 2025          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 6.625%   6.625%    
Principal amount $ 1,000,000   $ 1,000,000   1,000,000
Carrying Amount $ 990,233   $ 990,233   989,483
Secured Debt [Member] | 5.5% Notes due April 15, 2027          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.50%   5.50%    
Principal amount $ 1,310,000   $ 1,310,000   1,310,000
Carrying Amount $ 1,305,688   $ 1,305,688   1,305,430
Secured Debt [Member] | 5.375% Senior Guaranteed Notes Due February 1, 2028          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.375%   5.375%    
Principal amount $ 1,000,000   $ 1,000,000   1,000,000
Carrying Amount $ 993,116   $ 993,116   992,757
Secured Debt [Member] | CSC Holdings 5.375% Senior Guaranteed Notes due July 15, 2023          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.375%   5.375%    
Principal amount $ 1,095,825   $ 1,095,825   1,095,825
Carrying Amount $ 1,083,676   $ 1,083,676   1,081,879
Secured Debt [Member] | CSC Holdings 5.500% Notes due May 15, 2026          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.50%   5.50%    
Principal amount $ 1,498,806   $ 1,498,806   1,498,806
Carrying Amount $ 1,486,760   $ 1,486,760   1,485,911
Secured Debt [Member] | CSC Holdings 6.500% Notes due February 1, 2029          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 6.50%   6.50%    
Principal amount $ 1,750,000   $ 1,750,000   1,750,000
Carrying Amount $ 1,747,118   $ 1,747,118   1,746,996
Secured Debt [Member] | CSC Holdings 4.125% Notes due December 1, 2030          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 4.125%   4.125%    
Principal amount $ 1,100,000   $ 1,100,000   0
Carrying Amount 1,095,311   1,095,311   0
Long-term Debt          
Debt Instrument [Line Items]          
Principal amount 24,616,681   24,616,681   24,602,758
Long-term Debt, Excluding Current Maturities $ 24,326,397   $ 24,326,397   24,249,603
Senior Notes | 6.75% Notes due November 15, 2021          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 6.75%   6.75%    
Principal amount $ 1,000,000   $ 1,000,000   1,000,000
Carrying Amount $ 984,412   $ 984,412   979,178
Senior Notes | 5.875% Notes due September 15, 2022          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.875%   5.875%    
Principal amount $ 649,024   $ 649,024   649,024
Carrying Amount $ 608,861   $ 608,861   600,849
Senior Notes | 5.25% Notes due June 1, 2024          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.25%   5.25%    
Principal amount $ 750,000   $ 750,000   750,000
Carrying Amount $ 690,331   $ 690,331   683,940
Senior Notes | CSC Holdings 7.750% Notes due July 15, 2025          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 7.75%   7.75%    
Principal amount $ 1,740   $ 1,740   1,740
Carrying Amount $ 1,698   $ 1,698   1,695
Senior Notes | 10.875% Notes due October 15, 2025          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 10.875%   10.875%    
Principal amount $ 1,684,221   $ 1,684,221   1,684,221
Carrying Amount $ 1,666,435   $ 1,666,435   1,665,237
Senior Notes | CSC Holdings 7.750% Notes due July 15, 2025          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 7.75%   7.75%    
Principal amount $ 617,881   $ 617,881   617,881
Carrying Amount $ 606,479   $ 606,479   605,583
Senior Notes | CSC Holdings 5.750% Notes due January 15, 2030          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 5.75%   5.75%    
Principal amount $ 2,250,000   $ 2,250,000   2,250,000
Carrying Amount $ 2,287,660   $ 2,287,660   2,289,168
Senior Notes | CSC Holdings 7.500% Notes due April 1, 2028          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 7.50%   7.50%    
Principal amount $ 4,118   $ 4,118   4,118
Carrying Amount $ 4,112   $ 4,112   4,112
Senior Notes | CSC Holdings 7.500% Notes due April 1, 2028          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 7.50%   7.50%    
Principal amount $ 1,045,882   $ 1,045,882   1,045,882
Carrying Amount $ 1,044,349   $ 1,044,349   $ 1,044,278
v3.20.2
DEBT - Senior Guaranteed Notes, Senior Secured Notes, and Senior Notes and Debentures (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]          
Principal amount $ (26,499,564,000)   $ (26,499,564,000)   $ (24,773,440,000)
Long-term debt 26,185,687,000   26,185,687,000   24,420,285,000
Loss on extinguishment of debt and write-off of deferred financing costs 0 $ 1,194,000 0 $ 159,096,000  
Stock Issued During Period, Value, New Issues   $ 244,000      
Collateralized Agreements 37,581,000   37,581,000    
Long-term Debt, Current Maturities (1,859,290,000)   (1,859,290,000)   (170,682,000)
Notes Payable that will be reclassed to collateralized debt upon maturity 59,451,000   59,451,000    
Senior guaranteed notes          
Debt Instrument [Line Items]          
Principal amount (1,095,825,000)   (1,095,825,000)   0
Long-term Debt, Current Maturities (1,083,676,000)   (1,083,676,000)   0
CSC Holdings Senior Notes          
Debt Instrument [Line Items]          
Principal amount (619,621,000)   (619,621,000)   0
Long-term Debt, Current Maturities (608,177,000)   (608,177,000)   0
CSC Holdings Revolving Credit Facility, Portion Due October 9, 2020 | Revolving Credit Facility          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity 200,000   200,000    
Senior Notes | CSC Holdings 5.750% Notes due January 15, 2030          
Debt Instrument [Line Items]          
Principal amount $ (2,250,000,000)   $ (2,250,000,000)   (2,250,000,000)
Stated interest rate 5.75%   5.75%    
Outstanding debt $ 2,287,660,000   $ 2,287,660,000   2,289,168,000
Secured Debt [Member] | 5.5% Notes due April 15, 2027          
Debt Instrument [Line Items]          
Principal amount $ (1,310,000,000)   $ (1,310,000,000)   (1,310,000,000)
Stated interest rate 5.50%   5.50%    
Outstanding debt $ 1,305,688,000   $ 1,305,688,000   1,305,430,000
Long-term Debt          
Debt Instrument [Line Items]          
Principal amount $ (24,616,681,000)   $ (24,616,681,000)   $ (24,602,758,000)
v3.20.2
DEBT - Schedule of Gain (Loss) on Debt Extinguishment (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Debt Instrument [Line Items]          
Loss on extinguishment of debt and write-off of deferred financing costs   $ 0 $ 1,194 $ 0 $ 159,096
Loss on extinguishment of debt and write-off of deferred financing costs   0 (1,194) 0 (159,096)
CSC Holdings          
Debt Instrument [Line Items]          
Loss on extinguishment of debt and write-off of deferred financing costs $ (62,096) 0 1,194 0 159,096
Loss on extinguishment of debt and write-off of deferred financing costs $ 62,096 $ 0 (1,194) $ 0 (159,096)
10.125% Notes due January 15, 2023          
Debt Instrument [Line Items]          
Loss on extinguishment of debt and write-off of deferred financing costs     0   154,666
Loss on extinguishment of debt and write-off of deferred financing costs     0   (154,666)
CSC Holdings Term Loan Facility          
Debt Instrument [Line Items]          
Loss on extinguishment of debt and write-off of deferred financing costs     1,194   4,430
Loss on extinguishment of debt and write-off of deferred financing costs     $ (1,194)   $ (4,430)
v3.20.2
DEBT - Summary of Debt Maturities (Details)
$ in Thousands
Jun. 30, 2020
USD ($)
Debt Disclosure [Abstract]  
2019 $ 1,782,180
2020 1,092,181
2021 728,667
2022 1,835,383
2023 822,889
Thereafter $ 20,102,215
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Derivative [Line Items]          
Gain (loss) on derivative contracts, net $ (152,061) $ (49,624) $ 287,800 $ (226,653)  
Gain (loss) on investments and sale of affiliate interests, net 197,594 98,794 (257,302) 353,519  
Loss on interest rate swap contracts, net (33,735) (26,900) (88,567) (50,572)  
Long-term debt 26,185,687   26,185,687   $ 24,420,285
Notes related to derivative contracts          
Derivative [Line Items]          
Gain (loss) on derivative contracts, net $ (152,061) $ (49,624) $ 287,800 $ (226,653)  
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS - Schedule of Interest Rate Derivatives (Details) - Interest Rate Swap
6 Months Ended
Jun. 30, 2020
USD ($)
Derivative Instrument Maturity Date 2020, 3 Month LIBOR minus 0.1075%  
Derivative [Line Items]  
Derivative, Notional Amount $ 2,850,000,000
Basis spread 0.1075%
Derivative Instrument Maturity Date 2025, Fixed 1.53%  
Derivative [Line Items]  
Derivative, Notional Amount $ 500,000,000
Fixed interest rate 1.53%
Derivative Instrument Maturity Date 2022, Fixed 2.733%  
Derivative [Line Items]  
Derivative, Notional Amount $ 500,000,000
Fixed interest rate 2.733%
Derivative Instrument Maturity Date 2025, Fixed 1.625  
Derivative [Line Items]  
Derivative, Notional Amount $ 500,000,000
Fixed interest rate 1.625%
Derivative Instrument Maturity Date 2026, Fixed 2.9155%  
Derivative [Line Items]  
Derivative, Notional Amount $ 750,000,000
Fixed interest rate 2.9155%
Derivative Instrument Maturity Date 2026, Fixed 2.9025%  
Derivative [Line Items]  
Derivative, Notional Amount $ 750,000,000
Fixed interest rate 2.9025%
Derivative Instrument Maturity Date 2025, Fixed 1.458%  
Derivative [Line Items]  
Derivative, Notional Amount $ 500,000,000
Fixed interest rate 1.458%
Derivative Instruments Maturing Date 2025, Fixed 1.665% and 1.68% [Member]  
Derivative [Line Items]  
Derivative, Notional Amount $ 1,500,000,000
Cash received from interest rate swap unwind 74,835,000
Derivative Instruments Maturing Date 2025, Fixed 1.53% and 1.625% [Member]  
Derivative [Line Items]  
Derivative, Notional Amount 1,000,000,000
Discount from fair value of interest rate swaps 5,689,000
Derivative Instrument Maturity Date 2025, Fixed 1.458% and Maturity Date 2022 Counterswap 2.733% [Member]  
Derivative [Line Items]  
Derivative, Notional Amount $ 3,850,000,000
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS - Location of Assets and Liabilities Within the Consolidated Balance Sheets (Details) - Not Designated as Hedging Instruments - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset $ 225,791 $ 25,207
Liability Derivatives 316,932 256,135
Interest Rate Swap | Current derivative contracts    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset 4,058 0
Interest Rate Swap | Short-term liabilities under derivative contracts    
Derivatives, Fair Value [Line Items]    
Liability Derivatives 4,016 469
Interest Rate Swap | Long-term liabilities under derivative contracts    
Derivatives, Fair Value [Line Items]    
Liability Derivatives (309,396) (160,871)
Prepaid forward contracts | Long-term derivative contracts    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset 221,733 25,207
Prepaid forward contracts | Long-term liabilities under derivative contracts    
Derivatives, Fair Value [Line Items]    
Liability Derivatives $ (3,520) $ (94,795)
v3.20.2
DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS - Settlements of Collateralized Indebtedness (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Derivative [Line Items]    
Long-term debt $ 26,185,687 $ 24,420,285
v3.20.2
FAIR VALUE MEASUREMENT - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value Measured on a Recurring Basis - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Fair Value, Inputs, Level 1 [Member]    
Assets:    
Investment securities $ 1,674,395 $ 1,931,697
Level III    
Liabilities:    
Contingent consideration related to 2017 and 2018 acquisitions 1,767 7,250
Prepaid forward contracts | Fair Value, Inputs, Level 2 [Member]    
Assets:    
Derivative asset 221,733 25,207
Liabilities:    
Derivative liability 3,520 94,795
Interest rate swap contracts | Fair Value, Inputs, Level 2 [Member]    
Assets:    
Derivative asset 4,058 0
Liabilities:    
Derivative liability 313,412 161,340
Money market funds | Fair Value, Inputs, Level 1 [Member]    
Assets:    
Money market funds $ 1,842,086 $ 563,704
v3.20.2
FAIR VALUE MEASUREMENT - Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value $ 26,049,638 $ 24,350,865
Estimated Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 27,098,673 25,892,634
CSC Holdings | Credit facility debt | Carrying Amount | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 7,122,458 7,148,287
CSC Holdings | Credit facility debt | Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 7,161,563 7,190,438
CSC Holdings | Collateralized indebtedness | Carrying Amount | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 1,601,107 1,585,088
CSC Holdings | Collateralized indebtedness | Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 1,696,376 1,611,095
CSC Holdings | Senior guaranteed notes | Carrying Amount | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 8,701,902 7,602,456
CSC Holdings | Senior guaranteed notes | Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 9,094,711 8,220,518
CSC Holdings | Senior notes | Carrying Amount | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 8,516,513 7,874,040
CSC Holdings | Senior notes | Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 9,037,404 8,728,870
CSC Holdings | Notes payable and supply chain financing | Carrying Amount | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value 107,658 140,994
CSC Holdings | Notes payable and supply chain financing | Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt, fair value $ 108,619 $ 141,713
v3.20.2
INCOME TAXES - Income Tax Expense (Benefit) Continuing Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Decrease in Federal Taxable Income 163(j) Law Change due to Cares Act     $ 10,500  
Allowable Business Interest Deduction in connection with CARES Act 50.00%   50.00%  
Increase (Decrease) in Income Taxes Receivable     $ 12,000  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 170,303 $ 127,570 185,800 $ 79,786
CSC Holdings        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 170,302 $ 151,970 $ 185,453 $ 128,430
v3.20.2
SHARE-BASED COMPENSATION - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Document Period End Date     Jun. 30, 2020    
Carry Unit Plan | Restricted Stock Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Weighted average fair value (in dollars per unit) $ 1.75   $ 1.75   $ 3.25
Share based compensation expense $ 3,937 $ 7,861 $ 7,057 $ 14,334  
2017 LTIP          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Deferred Compensation Arrangement with Individual, Shares Authorized for Issuance 35,000,000   35,000,000    
2017 LTIP | Stock options          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Share based compensation expense $ 25,327 $ 7,817 $ 45,676 $ 15,134  
Amended 2017 LTIP Plan [Member]          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Deferred Compensation Arrangement with Individual, Shares Authorized for Issuance 54,879,291   54,879,291    
v3.20.2
SHARE-BASED COMPENSATION - Carrying Unit Award Activity (Details) - Carry Unit Plan
6 Months Ended
Jun. 30, 2020
$ / shares
shares
Weighted Average Grant Date Fair Value  
Balance at beginning of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 2.35
Vested weighted average grant date fair value (in dollars per share) | $ / shares 2.31
Forfeited weighted average grant date fair value (in dollars per share) | $ / shares 0.56
Balance at end of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 2.71
Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Beginning balance (in shares) | shares 37,518,750
Vested (in shares) | shares (27,343,750)
Forfeited (in shares) | shares (212,500)
Ending balance (in shares) | shares 9,962,500
v3.20.2
SHARE-BASED COMPENSATION - Stock Option Activity (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Weighted Average Exercise Price Per Share          
Exercised, weighted average exercise price per share (in dollars per share)     $ 17.46    
Risk-free interest rate     1.45%    
Expected life (in years)     6 years 4 months 17 days    
Dividend yield     0.00%    
Volatility     28.46%    
Grant date fair value     $ 7.74    
Performance Based Vesting          
Weighted Average Exercise Price Per Share          
Risk-free interest rate     1.46%    
Dividend yield     0.00%    
Volatility     34.22%    
Performance Based Vesting | Term Two          
Weighted Average Exercise Price Per Share          
Expected life (in years)     6 years    
Performance Based Vesting | Term One          
Weighted Average Exercise Price Per Share          
Expected life (in years)     4 years    
2017 LTIP          
Weighted Average Exercise Price Per Share          
Beginning balance (in dollars per share)     $ 19.12    
Granted (in dollars per share)     28.32    
Forfeited (in dollars per share)     21.44    
Ending balance (in dollars per share) $ 25.31   25.31    
Options exercisable (in dollars per share) $ 17.70   $ 17.70    
Options outstanding, Weighted Average Remaining Contractual Term (in years)     9 years 1 month 20 days 8 years 8 months 26 days  
Options exercisable, Weighted Average Remaining Contractual Term (in years)     7 years 2 months 1 day    
Options outstanding, Aggregate Intrinsic Value $ 49,108,141,000   $ 49,108,141,000   $ 112,915,000
Options exercisable, Aggregate Intrinsic Value $ 3,848,578,000   $ 3,848,578,000    
2017 LTIP | Shares Under Option          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Beginning balance (in shares)     14,083,741    
Granted (in shares)     26,093,256    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period     209,105    
Forfeited (in shares)     (1,749,476)    
Ending balance (in shares) 38,218,416   38,218,416    
Options exercisable (in shares) 788,053   788,053    
Weighted Average Exercise Price Per Share          
Share based compensation expense $ 25,327,000 $ 7,817,000 $ 45,676,000 $ 15,134,000  
Share based compensation - Unrecognized deferred compensation cost 200,745,000   $ 200,745,000    
Expected time (in years) unrecogized compensation costs relating to share based awards will be recognized     2016-03    
2017 LTIP | Performance Based Vesting          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Granted (in shares)     7,480,469    
Weighted Average Exercise Price Per Share          
Share based compensation expense 4,419,000   $ 8,320,000    
Share based compensation - Unrecognized deferred compensation cost 71,127,000   $ 71,127,000    
Expected time (in years) unrecogized compensation costs relating to share based awards will be recognized     2006-05    
Grant date fair value     $ 10.65    
2019 LTIP [Member] | Restricted Stock [Member]          
Weighted Average Exercise Price Per Share          
Share based compensation expense $ 636,000   $ 1,212,000    
v3.20.2
SHARE-BASED COMPENSATION - Fair Value Assumptions For Stock Options (Details)
6 Months Ended
Jun. 30, 2020
$ / shares
Share-based Payment Arrangement [Abstract]  
Risk-free interest rate 1.45%
Expected life (in years) 6 years 4 months 17 days
Dividend yield 0.00%
Volatility 28.46%
Grant date fair value $ 7.74
v3.20.2
AFFILIATE AND RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Related Party Transaction [Line Items]        
Related party expense $ 520 $ 3,611 $ 3,162 $ 6,952
v3.20.2
AFFILIATE AND RELATED PARTY TRANSACTIONS - Revenue and Related Charges (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Related Party Transaction [Line Items]        
Revenue $ 3,379 $ 496 $ 6,867 $ 1,088
Operating expenses:        
Programming and other direct costs (1,738) (2,087) (3,927) (3,774)
Other operating expenses, net (2,161) (2,020) (6,102) (4,266)
Operating expenses, net (3,899) (4,107) (10,029) (8,040)
Net charges (520) (3,611) (3,162) (6,952)
Capital Expenditures $ 3,676 $ 2,536 $ 10,901 $ 5,890
v3.20.2
AFFILIATE AND RELATED PARTY TRANSACTIONS - Amounts Due From and Due to Related Parties (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 22 Months Ended 25 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Mar. 31, 2020
Jun. 30, 2020
Related Party Transaction [Line Items]                    
Treasury Stock, Shares, Acquired           6,935,257   10,457,772    
Payments for Repurchase of Common Stock           $ 1,381,235,000 $ 1,199,953,000      
Related party expense   $ 520,000   $ 3,611,000   $ 3,162,000 6,952,000      
Shares repurchased (in shares)           56,956,374       157,653,766
Value of shares repurchased     $ 749,998,000 599,952,000 $ 600,001,000 $ 1,381,235,000     $ 3,568,109,000  
Parent [Member]                    
Related Party Transaction [Line Items]                    
Value of shares repurchased     749,998,000 599,952,000 600,001,000          
Additional Paid-in Capital [Member]                    
Related Party Transaction [Line Items]                    
Value of shares repurchased     749,686,000 599,703,000 599,707,000          
Stock options | 2017 LTIP                    
Related Party Transaction [Line Items]                    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross           26,093,256        
Share based compensation expense   25,327,000   7,817,000   $ 45,676,000 15,134,000      
CSC Holdings                    
Related Party Transaction [Line Items]                    
Cash distributions to shareholders   652,383,000 720,350,000              
Cash distributions           1,372,733,000 1,229,489,000      
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid       (635,028,000) (594,462,000)          
Intercompany settlement   35,415,000 (150,602,000)              
CSC Holdings | Parent [Member]                    
Related Party Transaction [Line Items]                    
Cash distributions to shareholders   652,383,000 720,350,000     (1,372,733,000)        
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid       (635,028,000) (594,462,000)   1,229,490,000      
Intercompany settlement   35,415,000 (150,602,000)              
CSC Holdings | Retained Earnings [Member]                    
Related Party Transaction [Line Items]                    
Cash distributions to shareholders     24,317,000              
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid   (105,980,000)   (90,324,000) (543,217,000) 130,297,000 633,541,000      
CSC Holdings | Additional Paid-in Capital [Member]                    
Related Party Transaction [Line Items]                    
Cash distributions to shareholders     696,033,000              
Distribution Made to Limited Liability Company (LLC) Member, Non-cash Distributions Paid   (546,403,000)   $ (544,704,000) $ (51,245,000) 1,242,436,000 $ 595,949,000      
Intercompany settlement   35,415,000 $ (150,602,000)     (115,187,000)        
Affiliates                    
Related Party Transaction [Line Items]                    
Due from related parties and affiliates $ 3,452,000 3,452,000       3,452,000   $ 6,774,000   $ 3,452,000
Due to related parties and affiliates 5,722,000 5,722,000       5,722,000   7,456,000   5,722,000
Affiliates | Altice Management Americas                    
Related Party Transaction [Line Items]                    
Due from related parties and affiliates $ 432,000 432,000       432,000   4,076,000   432,000
Shares repurchased (in shares) 3,582,525                  
Value of shares repurchased $ 84,906,000                  
Affiliates | Other Related Party                    
Related Party Transaction [Line Items]                    
Due from related parties and affiliates 3,020,000 3,020,000       3,020,000   2,698,000   3,020,000
Affiliates | Altice Management International                    
Related Party Transaction [Line Items]                    
Due to related parties and affiliates $ 5,722,000 $ 5,722,000       $ 5,722,000   $ 7,456,000   $ 5,722,000
v3.20.2
SUBSEQUENT EVENTS (Details) - USD ($)
1 Months Ended 6 Months Ended
Jul. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Jul. 29, 2020
Proceeds from credit facility debt, net of discounts   $ 200,000,000 $ 1,940,000,000  
Subsequent Event        
Proceeds from Sale of Interest in Partnership Unit $ 2,300,000,000      
Proceeds From Sale Of Interest In Partnership Unit to Pay Debt       $ 1,100,000,000
Subsequent Event | Cablevision Lightpath LLC [Member]        
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners       49.99%
Noncontrolling Interest, Ownership Percentage by Parent       50.01%
Enterprise value of subsidiary       $ 3,200,000,000
New Jersey cable assets [Member] | Subsequent Event        
Consideration transfered $ 150,000,000