Cablevision Systems Corporation Declares Quarterly Dividend, Payable on April 3, 2015; Reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 25 15
On February 24, 2015, the Board of Directors of Cablevision Systems Corporation declared a quarterly dividend of $0.15 per share on each outstanding share of Cablevision NY Group Class A Common Stock and Cablevision NY Group Class B Common Stock. This quarterly dividend is payable on April 3, 2015 to shareholders of record at the close of business on March 16, 2015.
The company reported consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues, net of $1,631,036,000 against $1,583,468,000 a year ago. Operating income was $205,836,000 against $168,647,000 a year ago. Income from continuing operations before income taxes was $88,365,000 against $68,087,000 a year ago. Income from continuing operations was $56,319,000 or $0.20 per diluted share against $46,488,000 or $0.18 per diluted share a year ago. Net income attributable to the company's stockholders was $55,975,000 or $0.20 per diluted share against $51,842,000 or $0.19 per diluted share a year ago. Adjusted operating cash flow was $440,912,000 against $456,494,000 a year ago.
For the year, the company reported revenues, net of $6,460,946,000 against $6,232,152,000 a year ago. Operating income was $921,258,000 against $699,224,000 a year ago. Income from continuing operations before income taxes was $425,150,000 against $192,960,000 a year ago. Income from continuing operations was $309,382,000 or $1.14 per diluted share against $127,325,000 or $0.48 per diluted share a year ago. Net income attributable to the company's stockholders was $311,439,000 or $1.15 per diluted share against $465,661,000 or $1.75 per diluted share a year ago. Adjusted operating cash flow was $1,834,224,000 against $1,684,636,000 a year ago. Net cash provided by operating activities was $1,378,271,000 against $1,134,977,000 a year ago. Capital expenditures was $891,678,000 against $951,679,000 a year ago. Free cash flow from continuing operations was $486,929,000 against $184,578,000 a year ago.
Discovery Communications, Inc. Renews Distribution Agreement with Cablevision Systems Corporation
Feb 16 15
Discovery Communications, Inc. has renewed its distribution agreement with Cablevision Systems Corporation. The new, multi-platform deal allows Cablevision subscribers to enjoy continued access to Discovery's unparalleled family of 13 US networks and incorporates TV Everywhere rights through subscriber authentication. The agreement, encompassing Discovery's full portfolio of networks including Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, OWN: Oprah Winfrey Network, American Heroes Channel, Velocity, Destination America, Discovery Family Channel, Discovery Life Channel, Discovery en Espanol and Discovery Familia, ensures Cablevision subscribers will have access to their favorite Discovery networks and shows for many years to come.