Dish Network 2007 Annual Report Download - page 67

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Table of Contents
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:
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.
Leased Satellites.
In addition to our lease of the AMC-15 and AMC-16 satellites discussed below under Capital Lease Obligations , we have
also entered satellite service agreements to lease capacity on other satellites, see “Item 1
59
Item 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS —
Continued
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).
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).
• 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 extended 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.
• During January 2007, we entered into a contract for the construction of EchoStar XIV which is expected to be completed during 2009.
Future commitments related to this satellite are not included in the table above.