Dish Network 2006 Annual Report Download - page 88

ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F–3
As of December 31,
2006 2005
Assets
Current Assets:
Cash and cash equivalents..................................................................................................................................... 1,923,105$ 615,669$
Marketable investment securities........................................................................................................................... 1,109,465 565,691
Trade accounts receivable, net of allowance for uncollectible accounts
of $15,006 and $11,523, respectively................................................................................................................. 665,149 478,414
Inventories, net...................................................................................................................................................... 237,507 221,329
Current deferred tax assets (Note 6)...................................................................................................................... 548,766 397,076
Other current assets............................................................................................................................................... 115,549 118,866
Total current assets.................................................................................................................................................... 4,599,541 2,397,045
Restricted cash and marketable investment securities............................................................................................... 172,941 67,120
Property and equipment, net (Note 4)....................................................................................................................... 3,765,596 3,514,539
FCC authorizations.................................................................................................................................................... 748,101 748,287
Long-term deferred tax assets (Note 6)..................................................................................................................... - 206,146
Intangible assets, net (Note 2)................................................................................................................................... 197,863 226,650
Other noncurrent assets, net (Note 2)........................................................................................................................ 284,654 250,423
Total assets.......................................................................................................................................................... 9,768,696$ 7,410,210$
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Trade accounts payable......................................................................................................................................... 283,471$ 239,788$
Deferred revenue and other................................................................................................................................... 819,899 757,484
Accrued programming .......................................................................................................................................... 913,687 681,500
Other accrued expenses......................................................................................................................................... 535,953 434,829
Current portion of capital lease and other long-term obligations (Note 5)............................................................ 38,464 36,470
5 3/4% Convertible Subordinated Notes due 2008 (Note 5)................................................................................. 1,000,000 -
Total current liabilities.............................................................................................................................................. 3,591,474 2,150,071
Long-term obligations, net of current portion:
5 3/4% Convertible Subordinated Notes due 2008 (Note 5)................................................................................. - 1,000,000
9 1/8% Senior Notes due 2009.............................................................................................................................. - 441,964
3% Convertible Subordinated Note due 2010 ...................................................................................................... 500,000 500,000
Floating Rate Senior Notes due 2008.................................................................................................................... - 500,000
5 3/4% Senior Notes due 2008 ............................................................................................................................. 1,000,000 1,000,000
6 3/8% Senior Notes due 2011 ............................................................................................................................. 1,000,000 1,000,000
3% Convertible Subordinated Note due 2011 ...................................................................................................... 25,000 25,000
6 5/8% Senior Notes due 2014.............................................................................................................................. 1,000,000 1,000,000
7 1/8% Senior Notes due 2016.............................................................................................................................. 1,500,000 -
7% Senior Notes due 2013.................................................................................................................................... 500,000 -
Capital lease obligations, mortgages and other notes payable, net of current portion (Note 5)............................. 403,857 431,867
Deferred tax liabilities........................................................................................................................................... 192,617 -
Long-term deferred revenue, distribution and carriage payments and other long-term liabilities......................... 275,131 227,932
Total long-term obligations, net of current portion................................................................................................... 6,396,605 6,126,763
Total liabilities..................................................................................................................................................... 9,988,079 8,276,834
Commitments and Contingencies (Note 9)
Stockholders' Equity (Deficit):
Class A common stock, $.01 par value, 1,600,000,000 shares authorized, 252,481,907 and
250,052,516 shares issued, 207,469,107 and 205,468,898 shares outstanding, respectively............................ 2,525 2,501
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, $.01 par value, 800,000,000 shares authorized, none issued and outstanding................ - -
Additional paid-in capital..................................................................................................................................... 1,927,897 1,860,774
Accumulated other comprehensive income (loss)................................................................................................ 49,874 4,030
Accumulated earnings (deficit)............................................................................................................................. (841,010) (1,386,937)
Treasury stock, at cost.......................................................................................................................................... (1,361,053) (1,349,376)
Total stockholders' equity (deficit)............................................................................................................................ (219,383) (866,624)
Total liabilities and stockholders' equity (deficit).............................................................................................. 9,768,696$ 7,410,210$