Mediacom Broadband 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	ck0001161364
Entity Registrant Name	MEDIACOM BROADBAND LLC
Entity Central Index Key	0001161364
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 133,886	$ 29,964
Accounts receivable, net of allowance for doubtful accounts of $3,281 and $3,554	34,994	40,252
Prepaid expenses and other current assets	25,982	24,347
Total current assets	194,862	94,563
Property, plant and equipment, net of accumulated depreciation of $1,757,456 and $1,730,750	850,989	850,638
Right-of-use operating lease assets	25,256
Franchise rights	1,176,364	1,176,364
Goodwill	195,855	195,855
Other assets, net of accumulated amortization of $5,999 and $5,761	14,202	14,312
Total assets	2,457,528	2,331,732
CURRENT LIABILITIES
Accounts payable, accrued expenses and other current liabilities	149,815	146,080
Accounts payable - affiliates	10,345	20,104
Deferred revenue - current	22,179	22,345
Current portion of long-term debt	170,500	20,500
Total current liabilities	352,839	209,029
Long-term debt, net (less current portion)	1,036,251	1,190,557
Deferred revenue - non-current	8,188	8,237
Right-of-use operating lease liabilities - non-current	20,547
Total liabilities	1,417,825	1,407,823
Commitments and contingencies (Note 10)
PREFERRED MEMBERS' INTEREST (Note 7)	150,000	150,000
MEMBER'S EQUITY
Capital contributions	160,535	99,358
Retained earnings	729,168	674,551
Total member's equity	889,703	773,909
Total liabilities, preferred members' interest and member's equity	$ 2,457,528	$ 2,331,732

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,281	$ 3,554
Accumulated depreciation on property, plant and equipment	1,757,456	1,730,750
Accumulated amortization on other assets	$ 5,999	$ 5,761

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenues	$ 279,254	$ 269,681
Costs and expenses:
Service costs (exclusive of depreciation and amortization)	115,399	113,042
Selling, general and administrative expenses	47,512	47,708
Management fee expense	6,600	6,000
Depreciation and amortization	36,205	37,436
Operating income	73,538	65,495
Interest expense, net	(14,117)	(17,133)
Gain on derivatives, net		1,467
Other expense, net	(304)	(321)
Net income	59,117	49,508
Dividend to preferred members (Note 7)	(4,500)	(4,500)
Net income applicable to member	$ 54,617	$ 45,008

Consolidated Statements of Chan

Consolidated Statements of Changes in Member's Equity - USD ($) $ in Thousands	Total	Capital Distributions [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2017	$ 397,828	$ (98,268)	$ 496,096
Net income	49,508		49,508
Dividend payments to related party on preferred members' interest	(4,500)		(4,500)
Capital contributions from parent	158,000	158,000
Capital distributions to parent	(500)	(500)
Revenue recognition adoption (Note 12)	(1,231)		(1,231)
Other	34	34
Balance at Mar. 31, 2018	599,139	59,266	539,873
Balance at Dec. 31, 2018	773,909	99,358	674,551
Net income	59,117		59,117
Dividend payments to related party on preferred members' interest	(4,500)		(4,500)
Capital contributions from parent	110,950	110,950
Capital distributions to parent	(49,800)	(49,800)
Other	27	27
Balance at Mar. 31, 2019	$ 889,703	$ 160,535	$ 729,168

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 59,117	$ 49,508
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	36,205	37,436
Deferred compensation	204
Gain on derivatives, net		(1,467)
Amortization of deferred financing costs	1,030	1,167
Changes in assets and liabilities:
Accounts receivable, net	5,258	6,887
Prepaid expenses and other assets	(230)	223
Accounts payable, accrued expenses and other current liabilities	(1,062)	7,903
Accounts payable - affiliates	(9,759)	(18,770)
Deferred revenue - current	(166)	(654)
Deferred revenue - non-current	(49)	(49)
Other non-current liabilities	(685)
Net cash flows provided by operating activities	89,863	82,184
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(36,554)	(44,889)
Change in accrued property, plant and equipment	187	1,018
Proceeds from sale of assets	65	743
Net cash flows used in investing activities	(36,302)	(43,128)
CASH FLOWS FROM FINANCING ACTIVITIES:
New borrowings of bank debt		31,000
Repayment of bank debt	(5,125)	(68,250)
Dividend payments on preferred members' interest (Note 7)	(4,500)	(4,500)
Capital contributions from parent (Note 8)	110,950	158,000
Capital distributions to parent (Note 8)	(49,800)	(500)
Other financing activities	(1,164)	3,558
Net cash flows provided by financing activities	50,361	119,308
Net change in cash	103,922	158,364
CASH, beginning of period	29,964	12,606
CASH, end of period	$ 133,886	$ 170,970

Organization

Organization	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. ORGANIZATION Basis of Preparation of Unaudited Consolidated Financial Statements Mediacom Broadband LLC (“Mediacom Broadband,” and collectively with its subsidiaries, “we,” “our” or “us”) is a Delaware limited liability company wholly-owned by Mediacom Communications Corporation (“MCC”). MCC is involved in the acquisition and operation of cable systems serving smaller cities and towns in the United States, and its cable systems are owned and operated through our operating subsidiaries and those of Mediacom LLC, a New York limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom LLC are not subject to income taxes and, as such, are included in the consolidated federal and state income tax returns of MCC, a C corporation. Our principal operating subsidiaries conduct all of our consolidated operations and own substantially all of our consolidated assets. Our operating subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to make funds available to us. We rely on our parent, MCC, for various services such as corporate and administrative support. Our financial position, results of operations and cash flows could differ from those that would have resulted had we operated autonomously or as an entity independent of MCC. See Notes 8 and 9. We have prepared these unaudited consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, such statements include all adjustments, consisting of normal recurring accruals and adjustments, necessary for a fair statement of our consolidated results of operations, financial position, and cash flows for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods. For a summary of our accounting policies and other information, refer to our Annual Report on Form 10-K Mediacom Broadband Corporation (“Broadband Corporation”), a Delaware corporation wholly-owned by us, co-issued, one-hundred Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted January 1, 2019 In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, Leases 2016-02”), on-balance ASU 2016-02 is unrecorded off-balance sheet right-of-use We adopted the new standard on its effective date, January 1, 2019, using a modified retrospective transition approach in which prior periods were not restated. ASU 2016-02 The most significant changes relate to: the recognition of new ROU operating lease assets of $26.3 million and operating lease liabilities of $26.5 million on our balance sheet as of January 1, 2019 for office equipment, real estate, and other assets as determined. We elected all of the practical expedients afforded under ASU 2016-02 non-lease Accounting Pronouncements with Future Adoption Dates In June 2016, the FASB issued Accounting Standards Update 2016-13 Financial Instruments — Credit Losses (Topic 326) 2016-13”). 2016-13 2016-13 2016-13 2016-13 2016-13 In January 2017, the FASB issued ASU 2017-04 Intangibles – Goodwill and Other 2017-04”). 2017-04 2017-04 In August 2018, the FASB issued ASU 2018-15 — Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract 2018-15”). 2018-15 internal-use internal-use 2018-15. 2018-15. 2018-15 2018-15

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value	3. FAIR VALUE Our financial assets and liabilities are measured at fair value on a recurring basis using a market-based approach. Our financial assets and liabilities, all of which represent interest rate exchange agreements (which we refer to as “interest rate swaps”), have been categorized according to the three-level fair value hierarchy established by Accounting Standards Codification (“ASC”) No. 820 — Fair Value Measurement • Level 1 — Quoted market prices in active markets for identical assets or liabilities. • Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data. • Level 3 — Unobservable inputs that are not corroborated by market data. The fair value of our interest rate swaps represents the estimated amount that we would receive or pay to terminate such agreements, taking into account projected interest rates, based on quoted London Interbank Offered Rate (“LIBOR”) futures and the remaining time to maturity. While our interest rate swaps are subject to contractual terms that provide for the net settlement of transactions with counterparties, we do not offset assets and liabilities under these agreements for financial statement presentation purposes, and assets and liabilities are reported on a gross basis. As of March 31, 2019 and December 31, 2018, we had no interest rate swaps. As a result of the changes in the mark-to-market

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	4. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Cable systems, equipment and customer devices $ 2,495,563 $ 2,467,534 Vehicles 48,626 49,784 Buildings and leasehold improvements 38,413 38,366 Furniture, fixtures and office equipment 18,058 17,919 Land and land improvements 7,785 7,785 Property, plant and equipment, gross $ 2,608,445 $ 2,581,388 Accumulated depreciation (1,757,456 ) (1,730,750 ) Property, plant and equipment, net $ 850,989 $ 850,638

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Accounts Payable, Accrued Expenses and Other Current Liabilities	5. ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable, accrued expenses and other current liabilities consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Accrued programming costs $ 35,503 $ 33,335 Accounts payable - trade 29,632 32,237 Accrued taxes and fees 17,349 17,761 Accrued payroll and benefits 15,048 15,412 Accrued property, plant and equipment 10,319 10,132 Accrued service costs 9,264 5,624 Advance customer payments 8,410 8,689 Bank overdrafts (1) 6,904 8,067 Accrued administrative costs 5,903 5,568 Accrued interest 5,292 2,809 Accrued marketing costs 3,962 3,694 Accrued telecommunications costs 971 1,036 Other accrued expenses 1,258 1,716 Accounts payable, accrued expenses and other current liabilities $ 149,815 $ 146,080 (1) Bank overdrafts represent outstanding checks in excess of funds on deposit at our disbursement accounts. We transfer funds from our depository accounts to our disbursement accounts upon daily notification of checks presented for payment. Changes in bank overdrafts are reported in “other financing activities” in our Consolidated Statements of Cash Flows.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	6. DEBT Outstanding debt consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Bank credit facility $ 1,019,250 $ 1,024,375 5 1 2 200,000 200,000 Total debt $ 1,219,250 $ 1,224,375 Less: current portion 170,500 20,500 Total long-term debt, gross (less current portion) $ 1,048,750 $ 1,203,875 Less: deferred financing costs, net 12,499 13,318 Total long-term debt, net (less current portion) $ 1,036,251 $ 1,190,557 2019 Financing Activity On March 15, 2019, we called for the irrevocable redemption of $150.0 million principal amount outstanding of our 5½% senior notes due March 2021 (the “5½% Notes”). On April 15, 2019, we completed the redemption of $150.0 million principal amount outstanding of the 5 1 2 1 2 Bank Credit Facility As of March 31, 2019, we maintained a $1.394 billion credit facility (the “credit facility”), comprising: • $375.0 million of revolving credit commitments, which expire on November 2, 2022; • $231.3 million of outstanding borrowings under Term Loan A-1, • $788.0 million of outstanding borrowings under Term Loan M, which mature on January 15, 2025; As of March 31, 2019, we had approximately $365.6 million of unused revolving credit commitments, all of which were available to be borrowed and used for general corporate purposes, after giving effect to no outstanding loans and $9.4 million of letters of credit issued thereunder to various parties as collateral. The credit facility is collateralized by our ownership interests in our operating subsidiaries and is guaranteed by us on a limited recourse basis to the extent of such ownership interests. As of March 31, 2019, the credit agreement governing the credit facility (the “credit agreement”) required our operating subsidiaries to maintain a total leverage ratio (as defined in the credit agreement) of no more than 5.0 to 1.0 and an interest coverage ratio (as defined in the credit agreement) of no less than 2.0 to 1.0. For all periods through March 31, 2019, our operating subsidiaries were in compliance with all covenants under the credit agreement. As of the same date, the credit agreement allowed for the full or partial repayment of any outstanding debt under the credit facility at par value any time prior to maturity. Interest Rate Swaps We periodically enter into interest rate exchange agreements (which we refer to as “interest rate swaps”) with various banks to fix the variable rate on a portion of our borrowings under the credit facility to reduce the potential volatility in our interest expense that may result from changes in market interest rates. Our interest rate swaps have not been designated as hedges for accounting purposes and have been accounted for on a mark-to-market Senior Notes As of March 31, 2019, we had $200 million of outstanding senior notes, all of which comprised our 5 1 2 1 2 Our senior notes are unsecured obligations, and the indenture governing the 5½% Notes (the “indenture”) limits the incurrence of additional indebtedness based upon a maximum debt to operating cash flow ratio (as defined in the indenture) of 8.5 to 1.0. For all periods through March 31, 2019, we were in compliance with all covenants under the indenture. As of the same date, the indenture allowed for the full or partial repayment of any of our senior notes at par value at any time prior to maturity. Debt Ratings MCC’s corporate credit ratings are currently Ba1 by Moody’s and BB+ by Standard and Poor’s (“S&P”), both with stable outlooks, and our senior unsecured ratings are currently Ba2 by Moody’s and BB- Fair Value The fair values of our senior notes and outstanding debt under the credit facility (which were calculated based upon unobservable inputs that are corroborated by market data that we determine to be Level 2), were as follows (dollars in thousands): March 31, December 31, 2019 2018 5 1 2 $ 200,750 $ 200,500 Total senior notes $ 200,750 $ 200,500 Bank credit facility $ 1,013,340 $ 992,775

Preferred Members' Interest

Preferred Members' Interest	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Preferred Members' Interest	7. PREFERRED MEMBERS’ INTEREST In July 2001, we received a $150.0 million preferred membership investment (“PMI”) from the operating subsidiaries of Mediacom LLC, which has a 12% annual dividend, payable quarterly in cash. We may voluntarily repay the PMI any time at par, and the operating subsidiaries of Mediacom LLC have the option to call for the redemption of the PMI upon the repayment of all of our outstanding senior notes. We paid $4.5 million in cash dividends on the PMI during the three months ended March 31, 2019 and 2018.

Member's Equity

Member's Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Member's Equity	8. MEMBER’S EQUITY As a wholly-owned subsidiary of MCC, our business affairs, including our financing decisions, are directed by MCC. See Note 9. Capital contributions from parent and capital distributions to parent are reported on a gross basis in the Consolidated Statements of Cash Flows. We received capital contributions from parent in cash of $111.0 million and $158.0 million during the three months ended March 31, 2019 and 2018, respectively. We made capital distributions to parent in cash of $49.8 million and $0.5 million during the three months ended March 31, 2019 and 2018, respectively. See Note 6.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	9. RELATED PARTY TRANSACTIONS MCC manages us pursuant to management agreements with our operating subsidiaries. Under such agreements, MCC has full and exclusive authority to manage our day-to-day As compensation for the performance of its services, subject to certain restrictions, MCC is entitled under each management agreement to receive management fees in an amount not to exceed 4.0% of the annual gross operating revenues of our operating subsidiaries. MCC is also entitled to the reimbursement of all expenses necessarily incurred in its capacity as manager. MCC charged us management fees of $6.6 million and $6.0 million for the three months ended March 31, 2019 and 2018, respectively. Mediacom LLC is a preferred equity investor in us. See Note 7.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. COMMITMENTS AND CONTINGENCIES Legal Proceedings We are involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on our consolidated financial position, results of operations, cash flows or business.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	11. GOODWILL AND OTHER INTANGIBLE ASSETS In accordance with the FASB’s ASC No. 350 — Intangibles — Goodwill and Other We last evaluated the factors surrounding our Mediacom Broadband reporting unit as of October 1, 2018 and did not believe that it was “more likely than not” that a goodwill impairment existed at that time. As such, we did not perform Step 2 of the goodwill impairment test. We last evaluated our other intangible assets as of October 1, 2018 and did not believe that it was “more likely than not” that an impairment existed at that time. Because we believe there has not been a meaningful change in the long-term fundamentals of our business during the first three months of 2019, we determined that there has been no triggering event under ASC 350 and, as such, no interim impairment test was required for our goodwill and other intangible assets as of March 31, 2019.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Text Block [Abstract]
Revenue Recognition	12. REVENUE RECOGNITION We adopted the new accounting guidance for revenue recognition (i.e. ASU 2014-09) We disaggregate revenue from contracts with customers by type of services. We have determined that disaggregating revenue into these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors in our one reporting segment. Nature of Services Our primary revenue stream is subscription-based and consists of video service, high-speed data service and phone service. These services have base-level offerings and can be upgraded to premium level services. Residential customers can cancel their services at any time with no penalty. Small-to-medium We also generate revenue from installation services and customer premise equipment rental associated with our subscription-based services. After installation occurs, equipment is rented to the customer over the service period to allow the customer to use the various subscription services noted above. Fees for installation services are viewed as advance payments for future services and are recognized over the period of benefit which is estimated to be the life of the customer relationship (approximately three years for residential customers and 1-10 One of our other revenue streams is advertising sales. These revenues represent the insertion of commercials into various video and/or Internet platforms for an advertising customer. The performance obligation for these contracts is satisfied as the commercials are displayed. There are no agent relationships included in our delivery of our advertising services. Our obligation for returns and/or refunds is deemed insignificant. Revenue is recognized at a point in time as commercials are displayed by us and viewed by the public. A significant portion of our revenue streams are derived from customers who may cancel their subscriptions at any time without penalty. As such, the amount of revenue related to unsatisfied, remaining performance obligations is not necessarily indicative of the future revenue to be recognized from our existing customer base. Revenue from customers with a contract containing a specified contract term and non-cancelable 1-10 Franchise fees imposed by local governmental authorities are collected on a monthly basis from our customers and are periodically remitted to the local governmental authorities. Because franchise fees are our obligation, we present them on a gross basis within revenues with a corresponding operating expense. Franchise fees reported on a gross basis amounted to $5.3 million for each of the three months ended March 31, 2019 and 2018. Our revenues by type of service are as follows (dollars in thousands): Three Months Ended March 31, Type of service 2019 2018 HSD $ 109,436 $ 97,501 Video 103,195 107,672 Phone 15,918 15,149 Business services 42,350 40,153 Advertising 8,355 9,206 Total revenues $ 279,254 $ 269,681 Virtually all of our revenue streams, including subscription services and equipment rental, are recognized over time. We recognize revenue at a point in time for services such as pay-per-view,

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	13. LEASES We maintain leases for real estate, office buildings, fiber and office equipment. Our leases have remaining terms ranging from 1 – 20 years, some of which include options to extend the leases. We determine if an arrangement is a lease at inception. ROU assets on our Consolidated Balance Sheet represent our right to use an underlying asset for the operating lease term and lease liabilities on our Consolidated Balance Sheet represent our obligation to make lease payments arising from the operating lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Since the implicit rate of our leases is not easily determinable, we use our incremental borrowing rate, based on the information available at commencement date, in determining the present value of lease payments. The incremental borrowing rate is determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. Management uses LIBOR and risk-adjusts that rate to approximate a collateralized rate for us, which will be updated on a quarterly basis for measurement of new lease liabilities. We apply the incremental borrowing rate on a portfolio basis to all asset classes. The operating lease ROU asset also includes any lease payments made and is adjusted for lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. We account for variable lease payments, such as those amounts that are impacted by the consumer price index, as a separate component from lease expense in the subsequent period in which it applies. We account for lease and non-lease The components of lease expense were as follows (amounts in thousands): Three Months Ended March 31, 2019 Operating lease costs $ 1,533 Short-term lease costs 985 Variable lease costs 178 Total lease expense $ 2,696 Sub-lease Supplemental cash flow information related to leases were as follows (amounts in thousands): March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,909 Right-of-use $ 26,499 Weighted Average Remaining Lease Term: Operating leases 6.5 years Weighted Average Discount Rate: Operating leases 4.6 % Our future minimum annual rental payments of our operating leases as of March 31, 2019 are listed as follows (amounts in thousands): Nine months ended December 31, 2019 $ 4,454 2020 5,488 2021 5,282 2022 4,261 2023 2,617 Thereafter 7,570 Total lease payments $ 29,672 Imputed interest 4,429 Total operating lease liabilities $ 25,243 Under various lease and rental agreements for offices, warehouses and computer terminals, we had rental expense of $4.0 million, for the year ended December 31, 2018. Future minimum annual rental payments of our operating leases as of December 31, 2018 were as follows (dollars in thousands): For the year ended December 31, Amount 2019 $ 2,289 2020 1,831 2021 1,683 2022 1,454 2023 985 Thereafter 2,398 Total lease payments $ 10,640

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	14. SUPPLEMENTAL CASH FLOW INFORMATION Three Months Ended 2019 2018 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for interest, net of amounts capitalized $ 10,839 $ 8,726 Non-cash Accounts receivable/deferred revenue - adjustment $ — $ 32,848 Prepaid expenses and other current assets/deferred revenue - adjustment $ — $ 15,756 Prepaid expenses and other current assets - reclassification $ — $ 7,371 Deferred revenue - current/non-current $ — $ 7,962 Accounts payable/deferred revenue current - reclassification $ — $ 6,507

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	15. SUBSEQUENT EVENTS On April 15, 2019, we redeemed $150.0 million of principal amount outstanding of the 5 1 2 1 2

Organization (Policies)

Organization (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Preparation of Unaudited Consolidated Financial Statements	Basis of Preparation of Unaudited Consolidated Financial Statements Mediacom Broadband LLC (“Mediacom Broadband,” and collectively with its subsidiaries, “we,” “our” or “us”) is a Delaware limited liability company wholly-owned by Mediacom Communications Corporation (“MCC”). MCC is involved in the acquisition and operation of cable systems serving smaller cities and towns in the United States, and its cable systems are owned and operated through our operating subsidiaries and those of Mediacom LLC, a New York limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom LLC are not subject to income taxes and, as such, are included in the consolidated federal and state income tax returns of MCC, a C corporation. Our principal operating subsidiaries conduct all of our consolidated operations and own substantially all of our consolidated assets. Our operating subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to make funds available to us. We rely on our parent, MCC, for various services such as corporate and administrative support. Our financial position, results of operations and cash flows could differ from those that would have resulted had we operated autonomously or as an entity independent of MCC. See Notes 8 and 9. We have prepared these unaudited consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, such statements include all adjustments, consisting of normal recurring accruals and adjustments, necessary for a fair statement of our consolidated results of operations, financial position, and cash flows for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods. For a summary of our accounting policies and other information, refer to our Annual Report on Form 10-K Mediacom Broadband Corporation (“Broadband Corporation”), a Delaware corporation wholly-owned by us, co-issued, one-hundred
Reclassifications	Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.
Leases	We maintain leases for real estate, office buildings, fiber and office equipment. Our leases have remaining terms ranging from 1 – 20 years, some of which include options to extend the leases. We determine if an arrangement is a lease at inception. ROU assets on our Consolidated Balance Sheet represent our right to use an underlying asset for the operating lease term and lease liabilities on our Consolidated Balance Sheet represent our obligation to make lease payments arising from the operating lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Since the implicit rate of our leases is not easily determinable, we use our incremental borrowing rate, based on the information available at commencement date, in determining the present value of lease payments. The incremental borrowing rate is determined based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. Management uses LIBOR and risk-adjusts that rate to approximate a collateralized rate for us, which will be updated on a quarterly basis for measurement of new lease liabilities. We apply the incremental borrowing rate on a portfolio basis to all asset classes. The operating lease ROU asset also includes any lease payments made and is adjusted for lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. We account for variable lease payments, such as those amounts that are impacted by the consumer price index, as a separate component from lease expense in the subsequent period in which it applies. We account for lease and non-lease

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Components of Property, Plant and Equipment	Property, plant and equipment consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Cable systems, equipment and customer devices $ 2,495,563 $ 2,467,534 Vehicles 48,626 49,784 Buildings and leasehold improvements 38,413 38,366 Furniture, fixtures and office equipment 18,058 17,919 Land and land improvements 7,785 7,785 Property, plant and equipment, gross $ 2,608,445 $ 2,581,388 Accumulated depreciation (1,757,456 ) (1,730,750 ) Property, plant and equipment, net $ 850,989 $ 850,638

Accounts Payable, Accrued Exp_2

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities	Accounts payable, accrued expenses and other current liabilities consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Accrued programming costs $ 35,503 $ 33,335 Accounts payable - trade 29,632 32,237 Accrued taxes and fees 17,349 17,761 Accrued payroll and benefits 15,048 15,412 Accrued property, plant and equipment 10,319 10,132 Accrued service costs 9,264 5,624 Advance customer payments 8,410 8,689 Bank overdrafts (1) 6,904 8,067 Accrued administrative costs 5,903 5,568 Accrued interest 5,292 2,809 Accrued marketing costs 3,962 3,694 Accrued telecommunications costs 971 1,036 Other accrued expenses 1,258 1,716 Accounts payable, accrued expenses and other current liabilities $ 149,815 $ 146,080 (1) Bank overdrafts represent outstanding checks in excess of funds on deposit at our disbursement accounts. We transfer funds from our depository accounts to our disbursement accounts upon daily notification of checks presented for payment. Changes in bank overdrafts are reported in “other financing activities” in our Consolidated Statements of Cash Flows.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Summary of Outstanding Debt	Outstanding debt consisted of the following (dollars in thousands): March 31, December 31, 2019 2018 Bank credit facility $ 1,019,250 $ 1,024,375 5 1 2 200,000 200,000 Total debt $ 1,219,250 $ 1,224,375 Less: current portion 170,500 20,500 Total long-term debt, gross (less current portion) $ 1,048,750 $ 1,203,875 Less: deferred financing costs, net 12,499 13,318 Total long-term debt, net (less current portion) $ 1,036,251 $ 1,190,557
Fair Values of Senior Notes and Outstanding Debt under Credit Facility	March 31, December 31, 2019 2018 5 1 2 $ 200,750 $ 200,500 Total senior notes $ 200,750 $ 200,500 Bank credit facility $ 1,013,340 $ 992,775

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Text Block [Abstract]
Summary of Disaggregation of Revenue Qualitative Reconciliation	Our revenues by type of service are as follows (dollars in thousands): Three Months Ended March 31, Type of service 2019 2018 HSD $ 109,436 $ 97,501 Video 103,195 107,672 Phone 15,918 15,149 Business services 42,350 40,153 Advertising 8,355 9,206 Total revenues $ 279,254 $ 269,681

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows (amounts in thousands): Three Months Ended March 31, 2019 Operating lease costs $ 1,533 Short-term lease costs 985 Variable lease costs 178 Total lease expense $ 2,696
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases were as follows (amounts in thousands): March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,909 Right-of-use $ 26,499 Weighted Average Remaining Lease Term: Operating leases 6.5 years Weighted Average Discount Rate: Operating leases 4.6 %
Summary of Future Minimum Annual Rental Payments	Our future minimum annual rental payments of our operating leases as of March 31, 2019 are listed as follows (amounts in thousands): Nine months ended December 31, 2019 $ 4,454 2020 5,488 2021 5,282 2022 4,261 2023 2,617 Thereafter 7,570 Total lease payments $ 29,672 Imputed interest 4,429 Total operating lease liabilities $ 25,243 Future minimum annual rental payments of our operating leases as of December 31, 2018 were as follows (dollars in thousands): For the year ended December 31, Amount 2019 $ 2,289 2020 1,831 2021 1,683 2022 1,454 2023 985 Thereafter 2,398 Total lease payments $ 10,640

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Disclosure of Cash Flow Information	Three Months Ended 2019 2018 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for interest, net of amounts capitalized $ 10,839 $ 8,726 Non-cash Accounts receivable/deferred revenue - adjustment $ — $ 32,848 Prepaid expenses and other current assets/deferred revenue - adjustment $ — $ 15,756 Prepaid expenses and other current assets - reclassification $ — $ 7,371 Deferred revenue - current/non-current $ — $ 7,962 Accounts payable/deferred revenue current - reclassification $ — $ 6,507

Organization - Additional Infor

Organization - Additional Information (Detail)	Mar. 31, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amount due from affiliate by subsidiary	$ 100

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Basis Of Presentation Use Of Estimates And Recent Accounting Policies [Line Items]
Operating lease assets	$ 25,256
Accounting Standards Update 2016-02 [Member]
Basis Of Presentation Use Of Estimates And Recent Accounting Policies [Line Items]
Operating lease assets		$ 26,300
Operating lease liabilities		$ 26,500

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Fair Value Disclosures [Abstract]
Net gains on derivatives	$ 1.5

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,608,445	$ 2,581,388
Accumulated depreciation	(1,757,456)	(1,730,750)
Property, plant and equipment, net	850,989	850,638
Cable Systems, Equipment and Customer Devices [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,495,563	2,467,534
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	48,626	49,784
Buildings and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	38,413	38,366
Furniture, Fixtures and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18,058	17,919
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,785	$ 7,785

Accounts Payable, Accrued Exp_3

Accounts Payable, Accrued Expenses and Other Current Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued programming costs	$ 35,503	$ 33,335
Accounts payable - trade	29,632	32,237
Accrued taxes and fees	17,349	17,761
Accrued payroll and benefits	15,048	15,412
Accrued property, plant and equipment	10,319	10,132
Accrued service costs	9,264	5,624
Advance customer payments	8,410	8,689
Bank overdrafts	6,904	8,067
Accrued administrative costs	5,903	5,568
Accrued interest	5,292	2,809
Accrued marketing costs	3,962	3,694
Accrued telecommunications costs	971	1,036
Other accrued expenses	1,258	1,716
Accounts payable, accrued expenses and other current liabilities	$ 149,815	$ 146,080

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 1,219,250	$ 1,224,375
Less: current portion	170,500	20,500
Total long-term debt, gross (less current portion)	1,048,750	1,203,875
Total long-term debt, gross (less current portion)	1,048,750	1,203,875
Less: deferred financing costs, net	12,499	13,318
Total long-term debt, net (less current portion)	1,036,251	1,190,557
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	1,019,250	1,024,375
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt	$ 200,000	$ 200,000

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Debt (Parenthetical) (Detail) - 5 1/2% Senior Notes Due 2021 [Member]	3 Months Ended
	Mar. 31, 2019
Debt Instrument [Line Items]
Debt instrument, Interest rate	5.50%
Debt instrument, Maturity	2021

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Apr. 15, 2019	Mar. 31, 2019	Mar. 15, 2019
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 0
Outstanding senior notes		$ 200
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt, called for redemption			$ 150
Debt instrument, Interest rate		5.50%
5 1/2% Senior Notes Due 2021 [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instrument,redeemed principal amount	$ 150
Debt instrument principal amount outstanding	$ 50
Maximum [Member]
Debt Instrument [Line Items]
Required debt to operating cash flow		850.00%
Loans Payable [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 0
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Unused revolving credit commitments		365.6
Letter of Credit [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		9.4
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 1,394
Bank Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest coverage ratio		200.00%
Bank Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio		500.00%
Bank Credit Facility [Member] | Revolving Credit Commitments at Present [Member]
Debt Instrument [Line Items]
Revolving credit commitments		$ 375
Expiration date of revolving credit commitments		Nov. 2, 2022
Bank Credit Facility [Member] | Term Loan A-1 [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 231.3
Expiration date of revolving credit commitments		Nov. 2, 2022
Bank Credit Facility [Member] | Term Loan M [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 788
Expiration date of revolving credit commitments		Jan. 15, 2025

Debt - Fair Values of Senior No

Debt - Fair Values of Senior Notes and Outstanding Debt under Credit Facility (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total senior notes	$ 200,750	$ 200,500
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total senior notes	200,750	200,500
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Total senior notes	$ 1,013,340	$ 992,775

Debt - Fair Values of Senior _2

Debt - Fair Values of Senior Notes and Outstanding Debt under Credit Facility (Parenthetical) (Detail) - 5 1/2% Senior Notes Due 2021 [Member]	3 Months Ended
	Mar. 31, 2019
Debt Instrument [Line Items]
Debt instrument, Interest rate	5.50%
Debt instrument, Maturity	2021

Preferred Members' Interest - A

Preferred Members' Interest - Additional Information (Detail) - Mediacom LLC [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jul. 31, 2001
Class Of Stock [Line Items]
Preferred equity investment			$ 150
Percentage of annual cash dividend on preferred equity investment	12.00%
Cash dividends on PMI	$ 4.5	$ 4.5

Member's Equity - Additional In

Member's Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Capital contributions from parent	$ 110,950	$ 158,000
Capital distributions to parent	$ 49,800	$ 500

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Management fees charged by MCC	$ 6,600	$ 6,000
MCC [Member]
Related Party Transaction [Line Items]
Management fees charged by MCC	$ 6,600	$ 6,000
MCC [Member] | Management Fees [Member] | Operating Revenues [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Rate of annual gross operating revenues of our operating subsidiaries	4.00%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)Segment	Mar. 31, 2018USD ($)
Disaggregation of Revenue [Line Items]
Number of reporting segments affected | Segment	1
Franchise fees imposed by local governmental authorities	$ 115,399	$ 113,042
Franchise [Member]
Disaggregation of Revenue [Line Items]
Franchise fees imposed by local governmental authorities	$ 5,300	$ 5,300
Specified Contract Term and Non-Cancelable Service Period [Member] | Minimum [Member]
Disaggregation of Revenue [Line Items]
Contract term	1 year
Specified Contract Term and Non-Cancelable Service Period [Member] | Maximum [Member]
Disaggregation of Revenue [Line Items]
Contract term	10 years
Residential Contracts [Member]
Disaggregation of Revenue [Line Items]
Installation services, period of benefit	3 years
Other Contracts [Member] | Minimum [Member]
Disaggregation of Revenue [Line Items]
Installation services, period of benefit	1 year
Other Contracts [Member] | Maximum [Member]
Disaggregation of Revenue [Line Items]
Installation services, period of benefit	10 years

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregation of Revenue Qualitative Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 279,254	$ 269,681
High Speed Data [Member]
Disaggregation of Revenue [Line Items]
Total revenues	109,436	97,501
Video [Member]
Disaggregation of Revenue [Line Items]
Total revenues	103,195	107,672
Phone [Member]
Disaggregation of Revenue [Line Items]
Total revenues	15,918	15,149
Business services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	42,350	40,153
Advertising [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 8,355	$ 9,206

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 31, 2019
Rental expense	$ 4
Minimum [Member]
Lease term contract		1 year
Maximum [Member]
Lease term contract		20 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease costs	$ 1,533
Short-term lease costs	985
Variable lease costs	178
Total lease expense	$ 2,696

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 2,909
Right-of-use operating lease assets obtained in exchange for operating lease obligations (non-cash)	$ 26,499
Weighted Average Remaining Lease Term, Operating leases	6 years 6 months
Weighted Average Discount Rate, Operating leases	4.60%

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Annual Rental Payments (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Nine months ended December 31, 2019	$ 4,454
2019		$ 2,289
2020	5,488	1,831
2021	5,282	1,683
2022	4,261	1,454
2023	2,617	985
Thereafter	7,570	2,398
Total lease payments	29,672	$ 10,640
Imputed interest	4,429
Total operating lease liabilities	$ 25,243

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Supplemental Disclosures Of Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest, net of amounts capitalized	$ 10,839	$ 8,726
Non-cash items:
Accounts receivable/deferred revenue - adjustment		32,848
Prepaid expenses and other current assets/deferred revenue - adjustment		15,756
Prepaid expenses and other current assets - reclassification		7,371
Deferred revenue - current/non-current - reclassification		7,962
Accounts payable/deferred revenue current - reclassification		$ 6,507

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - 5 1/2% Senior Notes Due 2021 [Member] - Subsequent Event [Member]	Apr. 15, 2019USD ($)
Debt, redemption price percentage	100.00%
Debt instrument,redeemed principal amount	$ 150,000,000
Debt instrument principal amount outstanding	50,000,000
Debt instrument,redemption face amount	1,000
Cash [Member]
Redemption of senior notes	117,900,000
Revolving Credit [Member]
Redemption of senior notes	$ 32,100,000