ALTICE USA, INC., 10-K filed on 3/1/2019
Annual Report
v3.10.0.1
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2018
Feb. 22, 2019
Jun. 30, 2018
Class of Stock [Line Items]      
Entity Registrant Name Altice USA, Inc.    
Entity Central Index Key 0001702780    
Current Fiscal Year End Date --12-31    
Entity Filer Category Large Accelerated Filer    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Document Type 10-K    
Amendment Flag false    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Document Period End Date Dec. 31, 2018    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Public Float     $ 6,212,931,374
Common Class A      
Class of Stock [Line Items]      
Entity Common Stock, Shares Outstanding   503,702,013  
Common Class B      
Class of Stock [Line Items]      
Entity Common Stock, Shares Outstanding   194,038,451  
v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 298,781 $ 329,848
Restricted cash 257 252
Accounts receivable, trade (less allowance for doubtful accounts of $13,520 and $13,420) 448,399 370,765
Prepaid expenses and other current assets 136,285 130,425
Amounts due from affiliates 17,557 19,764
Derivative contracts 1,975 52,545
Total current assets 903,254 903,599
Property, plant and equipment, net of accumulated depreciation of $4,044,671 and $2,599,579 5,828,881 6,023,826
Investment securities pledged as collateral 1,462,626 1,720,357
Derivative contracts 109,344 0
Other assets 84,382 57,904
Amortizable intangibles, net of accumulated amortization of $2,882,787 and $2,008,573 4,192,824 5,066,454
Indefinite-lived cable television franchises 13,020,081 13,020,081
Goodwill 8,012,416 8,019,861
Total assets 33,613,808 34,812,082
Current Liabilities:    
Accounts payable 857,502 795,128
Accrued liabilities:    
Interest 386,475 397,422
Employee related costs 139,806 147,727
Other accrued expenses 312,564 411,988
Amounts due to affiliates 26,096 10,998
Deferred revenue 140,053 111,197
Liabilities under derivative contracts 70 52,545
Credit facility debt 54,563 42,650
Senior guaranteed notes and senior notes and debentures 0 507,744
Capital lease obligations 5,928 9,539
Notes payable 98,134 33,424
Total current liabilities 2,021,191 2,520,362
Defined benefit plan obligations 96,794 103,163
Other liabilities 174,760 144,289
Deferred tax liability 4,723,937 4,769,286
Liabilities under derivative contracts 132,908 187,406
Collateralized indebtedness 1,406,182 1,349,474
Credit facility debt 5,860,996 4,600,873
Senior guaranteed notes and senior notes and debentures 15,359,561 15,352,688
Capital lease obligations 19,262 12,441
Notes payable 7,974 32,478
Deficit investments in affiliates 0 3,579
Total liabilities 29,803,565 29,076,039
Commitments and contingencies (Note 17)
Redeemable equity 130,007 231,290
Stockholders' Equity:    
Preferred stock, $.01 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Paid-in capital 3,423,803 4,665,229
Retained earnings 251,830 840,636
Total stockholders' equity before accumulated other comprehensive Income and non-controlling interest 3,682,724 5,513,236
Accumulated other comprehensive loss (11,783) (10,022)
Total stockholders' equity 3,670,941 5,503,214
Noncontrolling interest 9,295 1,539
Total stockholders' equity 3,680,236 5,504,753
Total liabilities and stockholders' equity 33,613,808 34,812,082
Common Class A    
Stockholders' Equity:    
Common stock 4,961 2,470
Common Class B    
Stockholders' Equity:    
Common stock 2,130 4,901
Common Class C    
Stockholders' Equity:    
Common stock $ 0 $ 0
v3.10.0.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Property, plant and equipment, accumulated depreciation $ 4,044,671 $ 2,599,579
Amortizable intangible assets, accumulated amortization 2,882,787 2,008,573
Accounts receivable, trade allowance for doubtful accounts $ 13,520 $ 13,420
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
Common stock, shares outstanding (in shares) 709,040,286  
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) 496,064,027 246,982,292
Common stock, shares outstanding (in shares) 496,064,027 246,982,292
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) 212,976,259 490,086,674
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
v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue (including revenue from affiliates of $2,575, $1,100 and $1,086 respectively) (See Note 16) $ 9,566,608 $ 9,306,950 $ 6,017,212
Operating expenses:      
Programming and other direct costs (including charges from affiliates of $7,261, $4,176 and $1,947 respectively) (See Note 16) 3,173,076 3,035,655 1,911,230
Other operating expenses (including charges from affiliates of $16,307, $33,140 and $18,854 respectively) (See Note 16) 2,290,266 2,347,315 1,702,472
Restructuring and other expense 38,548 152,401 240,395
Depreciation and amortization (including impairments) 2,382,339 2,930,571 1,700,306
Total operating expenses 7,884,229 8,465,942 5,554,403
Operating income 1,682,379 841,008 462,809
Other income (expense):      
Interest expense (including interest expense to affiliates and related parties of $600, $90,405 and $112,712, respectively) (See Note 16) (1,556,282) (1,603,132) (1,456,541)
Interest income 10,856 1,921 13,811
Gain (loss) on investments and sale of affiliate interests, net (250,877) 237,354 142,102
Gain (loss) on derivative contracts, net 218,848 (236,330) (53,696)
Gain (loss) on interest rate swap contracts (61,697) 5,482 (72,961)
Loss on extinguishment of debt and write-off of deferred financing costs (including $513,723 related to affiliates and related parties in 2017) (See Note 16) (48,804) (600,240) (127,649)
Other income (expense), net (12,484) (13,651) 980
Total other income (expense) (1,700,440) (2,208,596) (1,553,954)
Loss before income taxes (18,061) (1,367,588) (1,091,145)
Income tax benefit 38,655 2,862,352 259,666
Net income (loss) 20,594 1,494,764 (831,479)
Net income attributable to noncontrolling interests (1,761) (1,587) (551)
Net income (loss) attributable to Altice USA, Inc. stockholders $ 18,833 $ 1,493,177 $ (832,030)
Income (loss) per share:      
Basic and diluted income (loss) per share (in dollars per share) $ 0.03 $ 2.15 $ (1.28)
Basic and diluted weighted average common shares (in shares) 730,088 696,055 649,525
Cash dividends declared per common share (in dollars per share) $ 2.035 $ 1.2927908856 $ 0.69
v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue from affiliates $ 2,575 $ 1,100 $ 1,086
Programming and other direct costs from affiliates 7,261 4,176 1,947
Other operating expenses from affiliates 16,307 33,140 18,854
Interest expense to related parties and affiliates 600 90,405 112,712
Loss on extinguishment of debt and write-off of deferred financing costs related to affiliates and related parties $ 0 $ 513,723 $ 0
v3.10.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ 20,594 $ 1,494,764 $ (831,479)
Defined benefit pension plans:      
Unrecognized actuarial gain (loss) 830 (18,632) 3,452
Applicable income taxes (220) 7,441 (1,381)
Unrecognized gain (loss) arising during period, net of income taxes 610 (11,191) 2,071
Settlement loss included in other expense, net 1,268 1,845 (154)
Applicable income taxes 342 738 (62)
Settlement loss included in other expense, net, net of income taxes 926 1,107 (92)
Curtailment loss 0 (3,195) 0
Applicable income taxes 0 1,278 0
Curtailment loss, net of income taxes 0 (1,917) 0
Foreign currency translation adjustment 967 0 0
Applicable income taxes (261) 0 0
Foreign currency translation adjustment, net 706 0 0
Other comprehensive gain (loss) 2,242 (12,001) 1,979
Comprehensive income (loss) 22,836 1,482,763 (829,500)
Comprehensive income attributable to noncontrolling interests (1,761) (1,587) (551)
Comprehensive income (loss) attributable to Altice USA, Inc. stockholders $ 21,075 $ 1,481,176 $ (830,051)
v3.10.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Non-controlling Interest
Common Class A
Common Stock
Common Class B
Common Stock
Organizational Transactions Prior to IPO
Organizational Transactions Prior to IPO
Total Stockholders' Equity
Organizational Transactions Prior to IPO
Paid-in Capital
Organizational Transactions Prior to IPO
Common Class A
Common Stock
Organizational Transactions Prior to IPO
Common Class B
Common Stock
IPO
IPO
Total Stockholders' Equity
IPO
Paid-in Capital
IPO
Common Class A
Common Stock
Ending balance at Dec. 31, 2015 $ 2,108,080 $ 2,108,080 $ 2,252,028 $ (143,948)     $ 0                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Impact of change in accounting policy in connection with the adoption of ASU No. 2014-09 | ASU No. 2014-09 12,666 12,666   12,666                          
Balance, as adjusted 2,120,746 2,120,746 2,252,028 (131,282)     0                    
Beginning balance at Dec. 31, 2015 2,108,080 2,108,080 2,252,028 (143,948)     0                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) attributable to stockholders (832,030) (832,030)   (832,030)                          
Noncontrolling interests acquired (264)         $ (264)                      
Net income attributable to noncontrolling interests (551)         (551)                      
Pension liability adjustments, net of income taxes 1,979 1,979     $ 1,979                        
Foreign currency translation adjustment, net of income taxes 0                                
Share-based compensation expense 14,368 14,368 14,368                            
Change in fair value of redeemable equity (68,148) (68,148) (68,148)                            
Contributions from stockholders 1,246,499 1,246,499 1,246,499                            
Distributions to stockholders/non-controlling interest (445,176) (445,176) (445,176)                            
Excess tax benefit on share-based awards 31 31 31                            
Tax impact related to the Newsday Holdings, LLC transactions 3,952 3,952 3,952                            
Ending balance at Dec. 31, 2016 2,042,508 2,042,221 3,003,554 (963,312) 1,979 287 0 $ 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) attributable to stockholders 1,493,177 1,493,177   1,493,177                          
Net income attributable to noncontrolling interests (1,587)         (1,587)                      
Pension liability adjustments, net of income taxes (12,001) (12,001)     (12,001)                        
Foreign currency translation adjustment, net of income taxes 0                                
Share-based compensation expense 57,430 57,430 57,430                            
Change in fair value of redeemable equity (163,142) (163,142) (163,142)                            
Contributions from stockholders 51,135 51,135 51,135                            
Receivable from parent (50,000) (50,000) (50,000)                            
Distributions to stockholders/non-controlling interest (840,035) (839,700) (839,700)     (335)                      
Recognition of previously unrealized excess tax benefits related to share-based awards in connection with the adoption of ASU 2016-09 310,771 310,771   310,771                          
Cummulative adoption of ASU 2014-09                 $ 2,264,252 $ 2,264,252 $ 2,257,002 $ 2,349 $ 4,901 $ 349,071 $ 349,071 $ 348,950 $ 121
Ending balance at Dec. 31, 2017 5,504,753 5,503,214 4,665,229 840,636 (10,022) 1,539 2,470 4,901                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) attributable to stockholders 18,833 18,833   18,833                          
Net income attributable to noncontrolling interests (1,761)         (1,761)                      
Contributions from noncontrolling interests 5,995         5,995                      
Pension liability adjustments, net of income taxes 1,536 1,536     1,536                        
Foreign currency translation adjustment, net of income taxes 706 706     706                        
Share-based compensation expense 59,812 59,812 59,812                            
Redeemable equity vested 169,452 169,452 169,452                            
Change in fair value of redeemable equity (68,169) (68,169) (68,169)                            
Dividend payment (1,499,935) (1,499,935) (963,711) (536,224)                          
Class A shares acquired through share repurchase program and retired (500,000) (500,000) (499,720)       (280)                    
Conversion of Class B to Class A shares, including $2,424 in connection with the Distribution             2,771 (2,771)                  
Impact of i24 Acquisition (13,649) (13,649) 61,769 (73,578) (1,840)                        
Other changes to equity (859) (859) (859)                            
Ending balance at Dec. 31, 2018 $ 3,680,236 $ 3,670,941 $ 3,423,803 251,830 (11,783) $ 9,295 $ 4,961 $ 2,130                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Impact of change in accounting policy in connection with the adoption of ASU No. 2014-09 | ASU No. 2018-02       $ 2,163 $ (2,163)                        
v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Jun. 20, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:                  
Net income (loss) $ 213,808 $ (128,949) $ 2,243,325 $ (76,188)   $ 20,594 $ 1,494,764 $ (831,479)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:                  
Depreciation and amortization (including impairments)           2,382,339 2,930,571 1,700,306  
Impairment of assets included in restructuring charges           0 0 2,445  
Equity in net loss of affiliates           10,849 10,040 1,132  
Loss (gain) on investments and sale of affiliate interests, net           250,877 (237,354) (142,102)  
Loss (gain) on derivative contracts, net           (218,848) 236,330 53,696  
Loss on extinguishment of debt and write-off of deferred financing costs           48,804 600,240 127,649  
Amortization of deferred financing costs and discounts (premiums) on indebtedness           85,121 31,046 27,799  
Settlement loss related to pension plan           1,268 1,845 3,298  
Share-based compensation expense           59,812 57,430 14,368  
Deferred income taxes           (67,603) (2,880,154) (263,989)  
Excess tax benefit on share-based awards           0 0 (31)  
Provision for doubtful accounts           71,426 74,183 53,249  
Change in assets and liabilities, net of effects of acquisitions and dispositions:                  
Accounts receivable, trade           (144,079) (89,683) (58,760)  
Other receivables           4,246 (12,835) 9,413  
Prepaid expenses and other assets           (14,889) (7,426) 56,395  
Amounts due from and due to affiliates           11,049 (34,326) 41,351  
Accounts payable           12,455 73,888 (11,814)  
Accrued liabilities           (130,631) (241,701) 312,871  
Deferred revenue           72,426 12,310 9,835  
Liabilities related to interest rate swap contracts           53,101 (921) 78,823  
Net cash provided by operating activities           2,508,317 2,018,247 1,184,455  
Cash flows from investing activities:                  
Capital expenditures           (1,153,589) (951,349) (625,541)  
Payment for acquisitions, net of cash acquired           (10,753) (46,703) (8,988,774)  
Sale of affiliate interest           3,537 0 (13,825)  
Proceeds related to sale of equipment, including costs of disposal           10,779 9,743 5,885  
Increase in other investments           9,327 (4,773) (4,608)  
Settlement of put call options           0 (97,410) 0  
Additions to other intangible assets           (584) (1,707) (106)  
Net cash used in investing activities           (1,148,357) (1,092,199) (9,599,319)  
Cash flows from financing activities:                  
Proceeds from credit facility debt, net of discounts           3,489,313 5,593,675 5,510,256  
Repayment of credit facility debt           (2,221,175) (4,411,581) (9,133,543)  
Proceeds from notes payable to affiliates and related parties           0 0 1,750,000  
Issuance of senior notes and debentures         $ 0 2,050,000 0 1,310,000 $ 0
Redemption of senior notes, including premiums and fees           (2,628,962) (1,729,400) 0  
Proceeds from collateralized indebtedness, net           516,513 838,794 179,388  
Repayment of collateralized indebtedness and related derivative contracts, net           (516,513) (831,059) (143,102)  
Dividends to stockholders       (79,617)   (1,499,935) (919,317) (365,559)  
Proceeds from notes payable           15,955 33,733 0  
Repayment of notes payable           (32,632) 0 0  
Excess tax benefit on share-based awards           0 0 31  
Principal payments on capital lease obligations           (10,228) (15,157) (18,837)  
Purchase of shares of Altice USA, Inc. Class A common stock, pursuant to a share repurchase program           (500,000) 0 0  
Additions to deferred financing costs           (28,468) (8,600) (203,712)  
Other           (859) 0 0  
Contingent payment for acquisition           (30,000) 0 0  
Proceeds from IPO, net of fees           0 349,071 0  
Contributions from stockholders           0 1,135 1,246,499  
Contributions from noncontrolling interests, net           (5,995) 335 0  
Net cash provided by (used in) financing activities           (1,390,996) (1,099,041) 131,421  
Net decrease in cash and cash equivalents           (31,036) (172,993) (8,283,443)  
Effect of exchange rate changes on cash and cash equivalents           (26) 0 0  
Net increase in cash and cash equivalents           (31,062) (172,993) (8,283,443)  
Cash, cash equivalents and restricted cash at beginning of year   $ 330,100   $ 503,093 $ 8,786,536 330,100 503,093 8,786,536  
Cash, cash equivalents and restricted cash at end of year $ 299,038   $ 330,100     $ 299,038 $ 330,100 $ 503,093 $ 8,786,536
v3.10.0.1
CVC - CONSOLIDATED BALANCE SHEETS
$ in Thousands
Dec. 31, 2015
USD ($)
Current Assets:  
Goodwill $ 2,040,402
Stockholders' Equity:  
Total stockholders' equity 2,108,080
Cablevision Systems Corporation And Subsidiaries  
Current Assets:  
Cash and cash equivalents 1,003,279
Restricted cash 1,600
Accounts receivable, trade (less allowance for doubtful accounts of $13,420 and $11,677) 266,383
Prepaid expenses and other current assets (including a prepayment to an affiliate of $19,563 in 2017) (See Note 14) 123,242
Amounts due from affiliates 767
Deferred tax asset 14,596
Investment securities pledged as collateral 455,386
Derivative contracts 10,333
Total current assets 1,875,586
Property, plant and equipment, net of accumulated depreciation of $2,599,579 and $1,039,297 3,017,015
Investment in affiliates 0
Investment securities pledged as collateral 756,596
Derivative contracts 72,075
Other assets (including a prepayment to an affiliate of $6,539 in 2017) (See Note 14) 32,920
Amortizable intangible assets, net of accumulated amortization 36,951
Trademarks and other indefinite-lived intangible assets 7,250
Goodwill 262,345
Deferred financing costs, net of accumulated amortization of $8,150 7,588
Total assets 6,800,174
Current Liabilities:  
Accounts payable 453,653
Accrued liabilities:  
Interest 119,005
Employee related costs 344,091
Other accrued expenses 169,899
Amounts due to affiliates 29,729
Deferred revenue 55,545
Liabilities under derivative contracts 2,706
Credit facility debt 562,898
Collateralized indebtedness 416,621
Senior notes and debentures 0
Capital lease obligations 20,350
Notes payable 13,267
Total current liabilities 2,187,764
Long-term defined benefit plan obligations 99,228
Other liabilities 165,768
Deferred tax liability 704,835
Credit facility debt 1,951,556
Collateralized indebtedness 774,703
Senior guaranteed notes 0
Senior notes and debentures 5,801,011
Capital lease obligations 25,616
Notes payable 1,277
Total liabilities 11,711,758
Commitments and contingencies
Stockholders' Equity:  
Preferred Stock, $.01 par value, 50,000,000 shares authorized, none issued 0
Paid-in capital 792,351
Retained earnings (accumulated deficit) (4,059,411)
Total stockholders' equity before accumulated other comprehensive Income and non-controlling interest (3,263,477)
Treasury stock, at cost (81,624,493 CNYG Class A common shares) (1,610,167)
Accumulated other comprehensive income (loss) (37,672)
Total stockholders' equity (4,911,316)
Noncontrolling interest (268)
Total stockholders' equity (4,911,584)
Total liabilities and stockholders' equity 6,800,174
Cablevision Systems Corporation And Subsidiaries | CNYG Class A Common Stock  
Stockholders' Equity:  
Common Stock 3,042
Cablevision Systems Corporation And Subsidiaries | CNYG Class B Common Stock  
Stockholders' Equity:  
Common Stock 541
Cablevision Systems Corporation And Subsidiaries | RMG Class A Common Stock  
Stockholders' Equity:  
Common Stock 0
Cablevision Systems Corporation And Subsidiaries | RMG Class B Common Stock  
Stockholders' Equity:  
Common Stock 0
Cablevision Systems Corporation And Subsidiaries | Customer relationships  
Current Assets:  
Amortizable intangible assets, net of accumulated amortization 11,636
Cablevision Systems Corporation And Subsidiaries | Amortizable intangible assets  
Current Assets:  
Amortizable intangible assets, net of accumulated amortization 25,315
Cable television franchises | Cablevision Systems Corporation And Subsidiaries  
Current Assets:  
Indefinite-lived cable television franchises $ 731,848
v3.10.0.1
CVC - CONSOLIDATED BALANCE SHEETS (Parentheticals)
$ in Thousands
Dec. 31, 2015
USD ($)
$ / shares
shares
Cablevision Systems Corporation And Subsidiaries  
Accounts receivable, trade allowance for doubtful accounts | $ $ 6,039
Property, plant and equipment, accumulated depreciation | $ 9,625,348
Amortizable intangible assets, accumulated amortization | $ 60,310
Accumulated amortization | $ $ 8,150
Preferred stock, par value (in dollars per share) | $ / shares $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000
Preferred stock, shares issued (in shares) 0
Cablevision Systems Corporation And Subsidiaries | CNYG Class A Common Stock  
Common stock, par value (in dollars per share) | $ / shares $ 0.01
Common stock, shares authorized (in shares) 800,000,000
Common stock, shares issued (in shares) 304,196,703
Common stock, shares outstanding (in shares) 222,572,210
Treasury stock (in shares) 81,624,493
Cablevision Systems Corporation And Subsidiaries | CNYG Class B Common Stock  
Common stock, par value (in dollars per share) | $ / shares $ 0.01
Common stock, shares authorized (in shares) 320,000,000
Common stock, shares issued (in shares) 54,137,673
Common stock, shares outstanding (in shares) 54,137,673
Cablevision Systems Corporation And Subsidiaries | Rmg Class Common Stock  
Common stock, par value (in dollars per share) | $ / shares $ 0.01
Common stock, shares authorized (in shares) 600,000,000
Common stock, shares issued (in shares) 0
Cablevision Systems Corporation And Subsidiaries | RMG Class B Common Stock  
Common stock, par value (in dollars per share) | $ / shares $ 0.01
Common stock, shares authorized (in shares) 160,000,000
Common stock, shares issued (in shares) 0
Customer relationships | Cablevision Systems Corporation And Subsidiaries  
Amortizable intangible assets, accumulated amortization | $ $ 27,778
Amortizable intangible assets | Cablevision Systems Corporation And Subsidiaries  
Amortizable intangible assets, accumulated amortization | $ $ 32,532
v3.10.0.1
CVC - CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Jun. 20, 2016
Dec. 31, 2015
Cablevision Systems Corporation And Subsidiaries    
Revenue (including revenue from affiliates of $2,205 and $1,086, respectively) (See Note 14) $ 3,137,604 $ 6,545,545
Operating expenses:    
Programming and other direct costs 1,088,555 2,269,290
Other operating expenses 1,136,970 2,546,319
Restructuring and other expense 22,223 16,213
Depreciation and amortization (including impairments) 414,550 865,252
Total operating expenses 2,662,298 5,697,074
Operating income 475,306 848,471
Other income (expense):    
Interest expense (including interest expense to affiliates and related parties of $90,405 and $112,712, respectively) (See Note 14) (287,098) (585,764)
Interest income 1,590 925
Gain on investments, net 129,990 (30,208)
Loss on equity derivative contracts, net (36,283) 104,927
Loss on extinguishment of debt and write-off of deferred financing costs (including $513,723 related to affiliates and related parties in 2017) (See Note 14) 0 (1,735)
Other income, net 4,855 6,045
Total other income (expense) (186,946) (505,810)
Loss before income taxes 288,360 342,661
Income tax benefit (124,848) (154,872)
Income from continuing operations, net of income taxes 163,512 187,789
Income (loss) from discontinued operations, net of income taxes 0 (12,541)
Net income (loss) 163,512 175,248
Net loss (income) attributable to noncontrolling interests 236 201
Net income (loss) attributable to Altice USA, Inc. stockholders $ 163,748 $ 175,449
Basic income (loss) per share attributable to Cablevision Systems Corporation stockholder(s):    
Income from continuing operations, net of income taxes (in dollars per share) $ 0.60 $ 0.70
Income (loss) from discontinued operations, net of income taxes (in dollars per share) 0.00 (0.05)
Net income (in dollars per share) $ 0.60 $ 0.65
Basic weighted average common shares (in thousands) (in shares) 272,035 269,388
Diluted income (loss) per share attributable to Cablevision Systems Corporation stockholder(s):    
Income from continuing operations, net of income taxes (in dollars per share) $ 0.58 $ 0.68
Income (loss) from discontinued operations, net of income taxes (in dollars per share) 0.00 (0.05)
Net income (in dollars per share) $ 0.58 $ 0.63
Diluted weighted average common shares (in thousands) 280,199 276,339
Amounts attributable to Cablevision Systems Corporation stockholder(s):    
Income from continuing operations, net of income taxes $ 163,748 $ 187,990
Income (loss) from discontinued operations, net of income taxes 0 (12,541)
Net income (loss) attributable to Altice USA, Inc. stockholders $ 163,748 $ 175,449
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.45
v3.10.0.1
CVC - CONSOLIDATED STATEMENT OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 20, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue from affiliates   $ 2,575 $ 1,100 $ 1,086  
Programming and other direct costs from affiliates   7,261 4,176 1,947  
Related Party Transaction, Other Operating Expense   $ 16,307 $ 33,140 $ 18,854  
Cablevision Systems Corporation And Subsidiaries          
Revenue from affiliates $ 2,088       $ 5,343
Programming and other direct costs from affiliates 84,636       176,909
Related Party Transaction, Other Operating Expense $ 2,182       $ 5,372
v3.10.0.1
CVC - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 20, 2016
Dec. 31, 2015
Cablevision Systems Corporation And Subsidiaries    
Net income $ 163,512 $ 175,248
Defined benefit pension and postretirement plans (see Note 13):    
Unrecognized actuarial gain 68 2,694
Applicable income taxes (28) (1,106)
Unrecognized gain (loss) arising during period, net of income taxes 40 1,588
Amortization of actuarial losses, net included in net periodic benefit cost 929 1,224
Applicable income taxes (388) (502)
Amortization of actuarial losses, net included in net periodic benefit cost, net of income taxes 541 722
Settlement income included in net periodic benefit cost 1,655 3,822
Applicable income taxes (679) (1,569)
Curtailment loss, net of settlement losses included in net periodic benefit cost, net of income taxes 976 2,253
Other comprehensive gain (loss) 1,557 4,563
Comprehensive income (loss) 165,069 179,811
Comprehensive income attributable to noncontrolling interests 236 201
Comprehensive income (loss) attributable to Altice USA, Inc. stockholders $ 165,305 $ 180,012
v3.10.0.1
CVC - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Total Stockholders' Equity (Deficiency)
Non-controlling Interest
Cablevision Systems Corporation And Subsidiaries
Cablevision Systems Corporation And Subsidiaries
Paid-in Capital
Cablevision Systems Corporation And Subsidiaries
Retained Earnings (Accumulated Deficit)
Cablevision Systems Corporation And Subsidiaries
Treasury Stock
Cablevision Systems Corporation And Subsidiaries
Accumulated Other Comprehensive Income
Cablevision Systems Corporation And Subsidiaries
Total Stockholders' Equity (Deficiency)
Cablevision Systems Corporation And Subsidiaries
Non-controlling Interest
CNYG Class A Common Stock
Cablevision Systems Corporation And Subsidiaries
Common Stock
CNYG Class B Common Stock
Cablevision Systems Corporation And Subsidiaries
Common Stock
Beginning balance at Dec. 31, 2014             $ (5,040,690) $ 823,103 $ (4,234,860) $ (1,591,021) $ (42,235) $ (5,041,469) $ 779 $ 3,003 $ 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income (loss) attributable to stockholders             175,449   175,449     175,449      
Net income attributable to noncontrolling interests             (146)           (146)    
Pension and postretirement plan liability adjustments, net of income taxes             4,563       4,563 4,563      
Proceeds from exercise of options and issuance of restricted shares             18,687 18,648       18,687   39  
Recognition of equity-based stock compensation arrangements             60,817 60,817       60,817      
Treasury stock acquired from forfeiture and acquisition of restricted shares             (19,141) 5   (19,146)   (19,141)      
Excess tax benefit on share-based awards             5,694 5,694       5,694      
Dividends on CNYG Class A and CNYG Class B common stock             (124,752) (124,752)       (124,752)      
Adjustments to/Contributions from noncontrolling interests             7,935 8,836       8,836 (901)    
Ending balance at Dec. 31, 2015 $ 2,108,080 $ 2,252,028 $ (143,948)   $ 2,108,080   (4,911,584) 792,351 (4,059,411) (1,610,167) (37,672) (4,911,316) (268) 3,042 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income (loss) attributable to stockholders             163,748   163,748     163,748      
Net income attributable to noncontrolling interests             (236)           (236)    
Pension and postretirement plan liability adjustments, net of income taxes             1,557       1,557 1,557      
Proceeds from exercise of options and issuance of restricted shares             14,559 14,544       14,559   15  
Recognition of equity-based stock compensation arrangements             24,997 24,997       24,997      
Treasury stock acquired from forfeiture and acquisition of restricted shares             (41,469) 1   (41,470)   (41,469)      
Tax withholding associated with shares issued for equity-based compensation             (6,034) (6,030)       (6,034)   (4)  
Dividends on CNYG Class A and CNYG Class B common stock             (82) (82)       (82)      
Adjustments to/Contributions from noncontrolling interests             240           240    
Ending balance at Jun. 20, 2016             (4,754,140) 825,945 (3,895,663) (1,651,637) (36,115) (4,753,876) (264) 3,053 541
Beginning balance at Dec. 31, 2015 2,108,080 2,252,028 (143,948)   2,108,080   $ (4,911,584) $ 792,351 $ (4,059,411) $ (1,610,167) $ (37,672) $ (4,911,316) $ (268) $ 3,042 $ 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income (loss) attributable to stockholders (832,030)   (832,030)   (832,030)                    
Recognition of equity-based stock compensation arrangements 14,368 14,368     14,368                    
Ending balance at Dec. 31, 2016 2,042,508 3,003,554 (963,312) $ 1,979 2,042,221 $ 287                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income (loss) attributable to stockholders 1,493,177   1,493,177   1,493,177                    
Recognition of equity-based stock compensation arrangements 57,430 57,430     57,430                    
Ending balance at Dec. 31, 2017 5,504,753 4,665,229 840,636 (10,022) 5,503,214 1,539                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income (loss) attributable to stockholders 18,833   18,833   18,833                    
Recognition of equity-based stock compensation arrangements 59,812 59,812     59,812                    
Dividends on CNYG Class A and CNYG Class B common stock (1,499,935)                            
Ending balance at Dec. 31, 2018 $ 3,680,236 $ 3,423,803 $ 251,830 $ (11,783) $ 3,670,941 $ 9,295