Second quarter 2012 total revenue increased by 0.5% as compared with the second quarter of 2011. AOCF declined 7.2% versus the prior year period, primarily reflecting lower margins in our core cable business. As expected, capital expenditures increased significantly in the second quarter. This increased level of investment negatively impacted free cash flow, which was $59 million for the quarter.We continued to be committed to our return of capital initiatives. We repurchased 5.6 million shares of stock in the second quarter and last week the board declared a $0.15 per share quarterly dividend which is payable next month.
Cablevision Systems' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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