For financing purposes, CSC Holdings is structured as a "Restricted Group" and an "Unrestricted Group." The Restricted Group was historically comprised of CSC Holdings and substantially all of its wholly-owned operating subsidiaries. These Restricted Group subsidiaries are subject to the covenants and restrictions of the CSC Holdings' Credit Facility and the indentures governing the notes issued by CSC Holdings. The Unrestricted Group includes certain designated subsidiaries and investments (the "Unrestricted Group") which are not subject to such covenants.

In July 2025, Cablevision Funding LLC ("Cablevision Funding"), an indirect wholly-owned subsidiary of CSC Holdings, entered into a Receivables Facility Loan and Security Agreement, by and among Cablevision Funding, the guarantors party thereto, and certain lenders and agents. In connection with this financing, certain subsidiaries of CSC Holdings that constitute substantially all of CSC Holdings’ operations in the Bronx and Brooklyn service area and network assets located in that area were declared as unrestricted subsidiaries (the “July Designation”).

In November 2025, we entered into an amendment to the CSC Holdings' Credit Facility. In connection with this amendment, we changed the composition of the Restricted Group by designating certain additional subsidiaries of CSC Holdings as unrestricted subsidiaries (the “November Designation”). This shift was intended to provide us with greater operational and financial flexibility.

The financial information set forth below reflects the financial condition and results of operations of CSC Holdings' restricted subsidiaries, presented separately from the financial condition and results of operations of CSC Holdings' unrestricted subsidiaries. To provide a meaningful comparison of the current composition of the Restricted Group, the financial information as of and for the years ended December 31, 2025 and 2024 is presented on a pro forma basis as if the July Designation and the November Designation had, in each case, occurred on January 1, 2024.

The financial information of CSC Holdings' restricted subsidiaries and unrestricted subsidiaries may not necessarily be indicative of the financial condition or results of operations that would have been achieved had such restricted subsidiaries and such unrestricted subsidiaries operated as independent, stand-alone entities during the periods presented.


	As of December 31, 2025
	Restricted Group		Unrestricted Group		Eliminations (a)		CSC Holdings
ASSETS







Current assets	$	1,627,555	$	433,473	$	(423,996)	$	1,637,032







Long term assets	9,067,171		20,005,634		(1,899)		29,070,906
Total assets	$	10,694,726	$	20,439,107	$	(425,895)	$	30,707,938


LIABILITIES AND MEMBER'S EQUITY (DEFICIENCY)







Current liabilities	$	1,104,672	$	1,448,584	$	(437,716)	$	2,115,540




Long-term debt	21,841,184		4,304,188		—		26,145,372
Long-term liabilities	3,007,478		1,752,947		(8,349)		4,752,076

Total liabilities	25,953,334		7,505,719		(446,065)		33,012,988




Total member's equity (deficiency)	(15,258,608)		12,905,013		26,617		(2,326,978)
Noncontrolling interests	—		28,375		(6,447)		21,928
Total equity (deficiency)	(15,258,608)		12,933,388		20,170		(2,305,050)
Total liabilities and member's equity (deficiency)	$	10,694,726	$	20,439,107	$	(425,895)	$	30,707,938


	As of December 31, 2024
	Restricted Group		Unrestricted Group		Eliminations (a)		CSC Holdings
ASSETS







Current assets	$	773,050	$	358,100	$	(409,569)	$	721,581







Long term assets	10,782,713		20,203,037		(920)		30,984,830
Total assets	$	11,555,763	$	20,561,137	$	(410,489)	$	31,706,411


LIABILITIES AND MEMBER'S EQUITY (DEFICIENCY)







Current liabilities	$	1,314,432	$	1,434,428	$	(421,483)	$	2,327,377




Long-term debt	23,344,591		1,527,424		—		24,872,015
Long-term liabilities	3,185,142		1,786,638		(5,141)		4,966,639

Total liabilities	27,844,165		4,748,490		(426,624)		32,166,031




Total member's equity (deficiency)	(16,288,402)		15,796,020		20,359		(472,023)
Noncontrolling interests	—		16,627		(4,224)		12,403
Total equity (deficiency)	(16,288,402)		15,812,647		16,135		(459,620)
Total liabilities and member's equity (deficiency)	$	11,555,763	$	20,561,137	$	(410,489)	$	31,706,411

(a)The “Eliminations” column primarily reflects the elimination of intercompany balances between the Restricted and Unrestricted Groups, including income tax receivables and payables, which are reflected on a net basis in consolidation at the CSC Holdings level.


	Year Ended December 31, 2025
	Restricted Group		Unrestricted Group		Eliminations (b)		CSC Holdings
Revenue	$	2,992,936	$	5,612,340	$	(14,809)	$	8,590,467





Operating expenses (a)	4,278,337		4,449,550		(14,809)		8,713,078
Operating income	(1,285,401)		1,162,790		—		(122,611)







Other expense, net	(1,654,784)		(163,207)		(4,952)		(1,822,943)
Income (loss) before income taxes	(2,940,185)		999,583		(4,952)		(1,945,554)
Income tax benefit (expense)	368,672		(268,497)		—		100,175
Net income (loss)	(2,571,513)		731,086		(4,952)		(1,845,379)
Net loss (income) attributable to noncontrolling interests	—		(40,241)		4,264		(35,977)
Net income (loss) attributable to CSC Holdings, LLC sole member	$	(2,571,513)	$	690,845	$	(688)	$	(1,881,356)


	Year Ended December 31, 2024
	Restricted Group		Unrestricted Group		Eliminations (b)		CSC Holdings
Revenue	$	3,130,218	$	5,840,746	$	(16,547)	$	8,954,417





Operating expenses	2,707,778		4,584,908		(16,547)		7,276,139
Operating income	422,440		1,255,838		—		1,678,278







Other expense, net	(1,666,602)		(94,447)		(2,921)		(1,763,970)
Income (loss) before income taxes	(1,244,162)		1,161,391		(2,921)		(85,692)
Income tax benefit (expense)	269,117		(260,845)		—		8,272
Net income (loss)	(975,045)		900,546		(2,921)		(77,420)
Net loss (income) attributable to noncontrolling interests	—		(27,562)		2,921		(24,641)
Net income (loss) attributable to CSC Holdings, LLC sole member	$	(975,045)	$	872,984	$	—	$	(102,061)