Dish Network 2003 Annual Report Download - page 71

ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
The accompanying notes are an integral part of these consolidated financial statements.
F–4
As of December 31,
2002
As Restated
2003 (Note 3)
Assets
Current Assets:
Cash and cash equivalents..................................................................................................................... 1,290,859$ 1,483,078$
Marketable investment securities........................................................................................................... 2,682,115 1,203,917
Trade accounts receivable, net of allowance for uncollectible accounts
of $15,221 and $19,164 respectively................................................................................................. 345,673 329,020
Inventories............................................................................................................................................. 155,147 150,290
Other current assets............................................................................................................................... 99,321 47,212
Total current assets................................................................................................................................... 4,573,115 3,213,517
Restricted cash and marketable investment securities.............................................................................. 19,974 9,972
Cash reserved for satellite insurance........................................................................................................ 176,843 151,372
Property and equipment, net..................................................................................................................... 1,876,459 1,974,516
FCC authorizations................................................................................................................................... 696,409 696,409
Insurance receivable................................................................................................................................. 106,000 106,000
Other noncurrent assets............................................................................................................................ 136,218 108,799
Total assets......................................................................................................................................... 7,585,018$ 6,260,585$
Liabilities and Stockholders' Deficit
Current Liabilities:
Trade accounts payable......................................................................................................................... 173,637$ 264,813$
Deferred revenue and other................................................................................................................... 514,831 443,757
Accrued programming .......................................................................................................................... 366,497 301,282
Other accrued expenses......................................................................................................................... 478,973 591,765
Current portion of long-term obligations............................................................................................... 14,995 13,432
9 1/4% Senior Notes due 2006 (Note 5)................................................................................................ - 375,000
9 3/8% Senior Notes due 2009 (Note 5)................................................................................................ 1,423,351 -
Total current liabilities............................................................................................................................. 2,972,284 1,990,049
Long-term obligations, net of current portion:
9 3/8% Senior Notes due 2009 ............................................................................................................. - 1,625,000
4 7/8% Convertible Subordinated Notes due 2007................................................................................ - 1,000,000
10 3/8% Senior Notes due 2007 ........................................................................................................... 1,000,000 1,000,000
5 3/4% Convertible Subordinated Notes due 2008 ............................................................................... 1,000,000 1,000,000
9 1/8% Senior Notes due 2009.............................................................................................................. 455,000 700,000
3 % Convertible Subordinated Notes due 2010 .................................................................................... 500,000 -
Floating Rate Senior Notes due 2008 ................................................................................................... 500,000 -
5 3/4% Senior Notes due 2008 ............................................................................................................. 1,000,000 -
6 3/8% Senior Notes due 2011 ............................................................................................................. 1,000,000 -
Mortgages and other notes payable, net of current portion.................................................................... 44,327 33,621
Long-term deferred distribution and carriage payments and other long-term liabilities........................ 145,931 87,937
Total long-term obligations, net of current portion................................................................................... 5,645,258 5,446,558
Total liabilities.................................................................................................................................... 8,617,542 7,436,607
Commitments and Contingencies (Note 10)
Stockholders' Deficit:
Class A Common Stock, $.01 par value, 1,600,000,000 shares authorized, 246,285,633
and 242,539,709 shares issued, 240,370,533 and 242,539,709 shares outstanding, respectively...... 2,463 2,425
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, $.01 par value, 800,000,000 shares authorized, none outstanding................. - -
Additional paid-in capital...................................................................................................................... 1,733,805 1,706,731
Non-cash, stock-based compensation.................................................................................................... (1,180) (8,657)
Accumulated other comprehensive income........................................................................................... 80,991 6,197
Accumulated deficit............................................................................................................................... (2,660,596) (2,885,102)
Treasury stock, at cost........................................................................................................................... (190,391) -
Total stockholders' deficit......................................................................................................................... (1,032,524) (1,176,022)
Total liabilities and stockholders' deficit............................................................................................ 7,585,018$ 6,260,585$