AFFILIATE AND RELATED PARTY TRANSACTIONS |
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AFFILIATE AND RELATED PARTY TRANSACTIONS | AFFILIATE AND RELATED PARTY TRANSACTIONS Affiliate and Related Party Transactions Altice USA is controlled by Patrick Drahi through Next Alt who also controls Altice Europe 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 expenses related to services provided to or received from affiliates and related parties:
Revenue We recognize revenue primarily from the sale of advertising to a related party. Programming and Other Direct Costs Programming and other direct costs include costs incurred for advertising services provided by a related party. Other Operating Expenses, Net Other operating expenses primarily include charges for services provided by certain subsidiaries of Altice Europe and other related parties, including costs for customer care services. 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:
Amounts due from affiliates presented in the table above represent amounts due for services provided to the respective related party. Amounts due to affiliates presented in the table above and included in other current liabilities in the accompanying balance sheets relate to the purchase of equipment, customer care services, and advertising services, as well as reimbursement for payments made on our behalf. CSC Holdings Transactions with Altice USA During the three months ended March 31, 2025 and 2024, CSC Holdings made cash equity distribution payments to its parent of $8,547 and $3,775, respectively. During the three months ended March 31, 2024, CSC Holdings received non-cash equity contributions from its parent of $5,858. As of March 31, 2025, CSC Holdings had a demand promissory note payable to Captive in the amount of $88,500. Interest on this demand promissory note was $1,337 which was paid during the three months ended March 31, 2025. As of March 31, 2025, CSC Holdings had a payable to Captive of $237.
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