Dish Network 1997 Annual Report Download - page 78

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
13. Parent Company Only and Consolidation of Subsidiary Guarantors − Continued
F–31
Consolidating Balance Sheets − As of December 31, 1996 (in millions)
ESBC-
PC C&E
ESB
C
DBS
Corp-
PC C&E
DBS
Corp
ECC-
PC Other C&E
ECC
Assets
Current Assets:
Cash and cash equivalents ............................ $ 25 $ 14 $ –$ 39 $ –$ –$ 39 $ –$ –$ –$ 39
Marketable investment securities ................. –19 –19 – – 19 – – – 19
Trade accounts receivable, net ..................... 14 – – 14 – – 14 – – – 14
Inventories ................................ ..................... 73 – – 73 – – 73 – – – 73
Subscriber acquisition costs, net .................. 68 – – 68 – – 68 – – – 68
Other current assets ................................ ....... 19 – – 19 – – 19 1 3 –23
Total current assets ................................ ............ 199 33 –232 – – 232 1 3 –236
Investment in subsidiary. ................................ ... –3( 3) –– – –– – – –
Advances to affiliates, net ................................ . –280 (135) 145 –( 76) 69 – – (69) –
Restricted cash and marketable investment
securities ................................ ........................ 32 47 –79 – – 79 – – – 79
Property and equipment, net ............................. 500 – – 500 29 –529 –62 –591
FCC authorizations, net ................................ ..... 12 – – 12 60 –72 – – – 72
Other noncurrent assets ................................ ..... 88 17 –105 – – 105 70 1 (13) 163
Total assets................................ ................ $831 $380 $(138) $1,073 $ 89 $(76) $ 1,086 $ 71 $ 66 $(82) $1,141
Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable ................................ $ 41 $ –$ –$ 41 $ –$ –$ 41 $ –$ 1 $( 1) $ 41
Deferred revenue ................................ ........... 104 – – 104 – – 104 – – – 104
Accrued expenses................................ .......... 41 – – 41 2–43 1–( 2) 42
Advances from affiliates, net ....................... 135 –(135) –76 (76) –2 64 (66) –
Current portion of long-term debt ................ 11 – – 11 – – 11 – – – 11
Total current liabilities ................................ ...... 332 –(135) 197 78 (76) 199 3 65 (69) 198
Long term obligations, net of current portion:
Investment in subsidiaries ............................ –– – –6( 6) –7–( 7) –
1994 Notes................................ ..................... 437 – – 437 – – 437 – – – 437
1996 Notes................................ ..................... –386 –386 – – 386 – – – 386
Mortgages and other notes payable, net of
current portion ................................ .......... 52 – – 52 12 –64 – – (12) 52
Long-term deferred satellite services
revenue and other long-term liabilities ... 7– – 7– – 7– – – 7
Total long-term liabilities ................................ .. 496 386 –882 18 ( 6) 894 7–(19) 882
Total liabilities ................................ .......... 828 386 (135) 1,079 96 (82) 1,093 10 65 (88) 1,080
Stockholders’ equity (deficit) ............................ 3( 6) ( 3) ( 6) ( 7) 6( 7) 61 1 6 61
Total liabilities and stockholders’ equity
(deficit) ................................ ................. $831 $380 $(138) $1,073 $ 89 $(76) $ 1,086 $ 71 $ 66 $ (82) $1,141