Dish Network 2000 Annual Report Download - page 54

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
See accompanying Notes to Consolidated Financial Statements.
F–3
December 31,
1999 2000
Assets
Current Assets:
Cash and cash equivalents ................................................................................................................... $ 905,299 $ 856,818
Marketable investment securities ........................................................................................................ 348,876 607,357
Trade accounts receivable, net of allowance for uncollectible accounts of $13,109 and $31,241,
respectively ..................................................................................................................................... 159,685 278,614
Insurance receivable ............................................................................................................................ 106,000 106,000
Inventories............................................................................................................................................ 123,630 161,161
Other current assets.............................................................................................................................. 40,205 50,827
Total current assets................................................................................................................................... 1,683,695 2,060,777
Restricted cash and marketable investment securities............................................................................. 3,000 3,000
Cash reserved for satellite insurance (Note 3)......................................................................................... –82,393
Property and equipment, net .................................................................................................................... 1,339,939 1,511,303
FCC authorizations, net ........................................................................................................................... 722,402 709,984
Other noncurrent assets............................................................................................................................ 149,153 298,493
Total assets...................................................................................................................................... $ 3,898,189 $ 4,665,950
Liabilities and Stockholders’ Deficit
Current Liabilities:
Trade accounts payable ....................................................................................................................... $ 194,046 $ 226,568
Deferred revenue ................................................................................................................................. 181,531 283,895
Accrued expenses ................................................................................................................................ 499,265 691,482
Current portion of long-term debt ....................................................................................................... 22,067 21,132
Total current liabilities ............................................................................................................................. 896,909 1,223,077
Long-term obligations, net of current portion:
9 1/4% Seven Year Notes.................................................................................................................... 375,000 375,000
9 3/8% Ten Year Notes ....................................................................................................................... 1,625,000 1,625,000
4 7/8% Convertible Notes................................................................................................................... 1,000,000 1,000,000
10 3/8% Seven Year Notes.................................................................................................................. –1,000,000
1994 Notes, 1996 Notes, 1997 Notes, mortgages and other notes payable, net of current portion ... 30,605 14,812
Long-term deferred distribution and carriage revenue and other long-term liabilities....................... 19,093 56,329
Total long-term obligations, net of current portion ................................................................................. 3,049,698 4,071,141
Total liabilities ................................................................................................................................ 3,946,607 5,294,218
Commitments and Contingencies (Note 9)
Stockholders’ Deficit:
6 ¾% Series C Cumulative Convertible Preferred Stock, 908,665 and 218,951 shares issued and
outstanding, respectively.................................................................................................................. 45,434 10,948
Class A Common Stock, $.01 par value, 1,600,000,000 shares authorized, 220,087,230 and
235,749,557 shares issued and outstanding, respectively................................................................ 2,200 2,357
Class B Common Stock, $.01 par value, 800,000,000 shares authorized, 238,435,208 shares
issued and outstanding .................................................................................................................... 2,384 2,384
Class C Common Stock, $.01 par value, 800,000,000 shares authorized, none outstanding ............ – –
Additional paid-in capital.................................................................................................................... 1,622,538 1,700,367
Deferred stock-based compensation .................................................................................................. (117,780) (58,193)
Accumulated other comprehensive loss.............................................................................................. –(60,580)
Accumulated deficit ............................................................................................................................ (1,603,194) (2,225,551)
Total stockholders’ deficit ....................................................................................................................... (48,418) (628,268)
Total liabilities and stockholders’ deficit ....................................................................................... $ 3,898,189 $ 4,665,950