Dish Network 1998 Annual Report Download - page 56

ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–9
Pro Forma Financial Information
The following table sets forth: (i) certain historical balance sheet data as of December 31, 1998, (ii) a
balance sheet as of December 31, 1998 as adjusted to give effect to the consummation of the Tender Offers, the
concurrent issuance of the Notes, and the repurchase of the 8% Series A Cumulative Preferred Stock, and (iii) a
balance sheet as of December 31, 1998 as further adjusted for the pro forma effects assuming consummation of the
110 Acquisition.
As of December 31, 1998
Actual As Adjusted
As Adjusted
and Pro
Forma
(In thousands, except per share data)
(Unaudited)
Cash, cash equivalents, and marketable investment securities................... $ 324,100 $ 353,699 $ 353,699
Restricted cash and marketable investment securities............................... 77,657 – –
Total cash, cash equivalents and marketable investment securities........ 401,757 353,699 353,699
Total assets $ 1,806,852 $ 1,762,883 $ 2,932,883
Long-term debt (net of current portion):
Mortgages and notes payable ............................................................. $ 43,450 $ 43,450 $ 43,450
1994 Notes....................................................................................... 571,674 1,390 1,390
1996 Notes....................................................................................... 497,955 950 950
1997 Notes....................................................................................... 375,000 15 15
Senior Exchange Notes ..................................................................... – 5 5
9
1
/
4
% Senior Notes due 2006 ........................................................... –375,000 375,000
9
3
/
8
% Senior Notes due 2009 ........................................................... –1,625,000 1,625,000
Total long-term debt...................................................................... 1,488,079 2,045,810 2,045,810
12 1/8% Series B Senior Redeemable Exchangeable Preferred Stock, $.01
par value, 900,000 shares authorized, 225,301, and none shares issued
and outstanding, respectively; subject to mandatory redemption on
July 1, 2004 at a price of $1,000 per share plus all accumulated and
unpaid dividends ............................................................................... 226,038 – –
Stockholders’ Equity (Deficit):
Preferred Stock, 20,000,000 shares authorized (inclusive of
900,000 shares designated as Series B Preferred Stock):
8% Series A Cumulative Preferred Stock, 1,616,681, and
none shares issued and outstanding, including cumulative
accrued dividends of $5,755,000 and none, respectively ........... 20,807 – –
6 ¾% Series C Cumulative Convertible Preferred Stock,
2,300,000 shares issued and outstanding.................................. 108,666 108,666 108,666
Class A Common Stock, $.01 par value, 200,000,000 shares
authorized, 15,317,380 and 38,236,087 shares issued and
outstanding, respectively................................................................ 153 153 382
Class B Common Stock, $.01 par value, 100,000,000 shares
authorized, 29,804,401 shares issued and outstanding ...................... 298 298 298
Class C Common Stock, $.01 par value, 100,000,000 shares authorized,
none outstanding........................................................................... – – –
Common Stock Warrants................................................................... 12 12 12
Additional paid-in capital .................................................................. 231,617 231,617 1,401,388
Accumulated deficit .......................................................................... (733,093) (1,087,948) (1,087,948)
Total stockholders’ equity (deficit) ......................................................... (371,540) (747,202) 422,798
Total liabilities and stockholders’ equity (deficit) .................................... $ 1,806,852 $ 1,762,883 $ 2,932,883