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Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS – Continued
58
Interest on Long-Term Debt
We have semi-annual cash interest requirements for our outstanding long-term debt securities (see Note 5 in the Notes
to the Consolidated Financial Statements in Item 15 of this Annual Report on Form 10-K for details), as follows:
Annual
Quarterly/Semi-Annual Debt Service
Payment Dates Requirements*
3 % Convertible Subordinated Notes due 2010 ................ June 30 and December 31 15,000,000$
5 3/4% Senior Notes due 2008 .......................................... April 1 and October 1 57,500,000$
6 3/8% Senior Notes due 2011........................................... April 1 and October 1 63,750,000$
3 % Convertible Subordinated Notes due 2011................. June 30 and December 31 750,000$
6 5/8% Senior Notes due 2014........................................... April 1 and October 1 66,250,000$
7 1/8% Senior Notes due 2016........................................... February 1 and August 1 106,875,000$
7% Senior Notes due 2013................................................. April 1 and October 1 35,000,000$
* The table above does not include interest of $14.4 million on the 5 3/4% Convertible Subordinated Notes due
2008 which were redeemed on February 15, 2007 (see Note 14 in the Notes to the Consolidated Financial
Statements in Item 15 of this Annual Report on Form 10-K).
Semi-annual cash interest payments related to our 7% Senior Notes due 2013 will commence on April 1, 2007.
We also have periodic cash interest requirements for our outstanding capital lease obligations, mortgages and other
notes payable. Future cash interest requirements for all of our outstanding long-term debt are summarized as
follows:
Payments due by period
Total 2007 2008-2009 2010-2011 Thereafter
(In thousands)
Long-term debt (1).................................... 2,279,735$ 343,608$ 632,895$ 553,408$ 749,824$
Capital lease obligations, mortgages
and other notes payable ......................... 177,196 36,321 62,388 46,093 32,394
Total ......................................................... 2,456,931$ 379,929$ 695,283$ 599,501$ 782,218$
(1) This does not include interest of $14.4 million on the 5 3/4% Convertible Subordinated Notes due 2008 which
were redeemed on February 15, 2007 (see Note 14 in the Notes to the Consolidated Financial Statements in
Item 15 of this Annual Report on Form 10-K).
Satellite-Related Obligations
Satellites under Construction. We have entered into contracts to construct new satellites which are contractually
scheduled to be completed within the next three years, see “Item 1 – Business – Our Satellites.” Future
commitments related to these satellites are included in the table above under “Satellite-related obligations” except
where noted below.
• During 2004, we entered into a contract for the construction of EchoStar XI which is expected to be
completed in 2007. However, the launch could be delayed until the second half of 2008 as a result of
problems currently being experienced by the launch provider, Sea Launch.
• During 2004 and 2005, we entered into contracts for the construction of four additional SSL Ka and/or Ku
expanded band satellites which are expected to be completed during 2008 and 2009.
• CMBStar, an S-band satellite, is scheduled to be completed during the second quarter of 2008. Provided
required regulatory approvals are obtained and contractual conditions are satisfied, the transponder capacity
of that satellite will be leased to an affiliate of a Chinese regulatory entity.