Dish Network 1997 Annual Report Download - page 63

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
3. Property and Equipment
F–16
Property and equipment consist of the following (in thousands):
Life December 31,
(In Years) 1996 1997
EchoStar I ................................ .................... 12 $ 201,607 $ 201,607
EchoStar II ................................ ................... 12 228,694 228,694
Furniture, fixtures and equipment .................. 2–12 72,945 92,264
Buildings and improvements ......................... 7–40 26,035 28,101
Land ................................ ............................ –2,295 6,356
Tooling and other ................................ ......... 23,253 4,336
Vehicles ................................ ....................... 71,323 1,320
Construction in progress ................................ –89,733 398,142
Total property and equipment .................. 625,885 960,820
Accumulated depreciation ............................. ( 35,264) ( 85,961)
Property and equipment, net ..................... $ 590,621 $ 874,859
Construction in progress consists of the following (in thousands):
December 31,
1996 1997
Progress amounts for satellite construction, launch, launch
insurance and capitalized interest:
EchoStar III ................................ ................................ ......... $29,123 $234,083
EchoStar IV ................................ ................................ ........ 56,320 119,853
Other................................ ................................ .......................... 4,290 44,206
$89,733 $398,142
EchoStar III, which was launched in October 1997, commenced commercial operation in January 1998.
4. Other Noncurrent Assets
Other noncurrent assets consist of the following (in thousands) :
December 31,
1996 1997
Deferred tax assets, net ................................ ................................ ..... $ 79,339 $63,709
Deferred debt issuance costs ................................ ............................. 21,284 31,059
Long-term notes receivable from DBSC and accrued interest ............. 49,382 –
Investment in DBSC ................................ ................................ ........ 4,044 –
DBSI convertible subordinated debentures ................................ ........ 4,640 –
Other................................ ................................ ............................... 4,476 4,764
$163,165 $99,532