Dish Network 2007 Annual Report Download - page 86

Table of Contents
ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
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
)