Dish Network 2009 Annual Report Download - page 99

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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-9
The table below summarizes the assets and liabilities that were distributed to EchoStar in connection with the Spin-
off. The distribution was accounted for at historical cost given the nature of the distribution.
January 1,
2008
(In thousands)
Assets
Current Assets:
Cash and cash equivalents.......................................................................................................... 585,147$
Marketable investment securities............................................................................................... 947,120
Trade accounts receivable, net................................................................................................... 38,054
Inventories, net........................................................................................................................... 31,000
Current deferred tax assets......................................................................................................... 8,459
Other current assets.................................................................................................................... 32,351
Total current assets....................................................................................................................... 1,642,131
Restricted cash and marketable investment securities.................................................................. 3,150
Property and equipment, net......................................................................................................... 1,516,604
FCC authorizations....................................................................................................................... 165,994
Intangible assets, net..................................................................................................................... 214,544
Goodwill....................................................................................................................................... 256,917
Other noncurrent assets, net ........................................................................................................ 93,707
Total assets.............................................................................................................................. 3,893,047$
Liabilities
Current Liabilities:
Trade accounts payable.............................................................................................................. 5,825$
Deferred revenue and other accrued expenses............................................................................ 38,460
Current portion of capital lease obligations, mortgages and other notes payable....................... 40,533
Total current liabilities................................................................................................................. 84,818
Long-term obligations, net of current portion:
Capital lease obligations, mortgages and other notes payable, net of current portion................ 341,886
Deferred tax liabilities................................................................................................................ 115,798
Total long-term obligations, net of current portion...................................................................... 457,684
Total liabilities........................................................................................................................ 542,502
Net assets distributed.................................................................................................................... 3,350,545$
2. Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation
We consolidate all majority owned subsidiaries, investments in entities in which we have controlling influence and
variable interest entities where we have been determined to be the primary beneficiary. Non-majority owned
investments are accounted for using the equity method when we have the ability to significantly influence the
operating decisions of the investee. When we do not have the ability to significantly influence the operating
decisions of an investee, the cost method is used. All significant intercompany accounts and transactions have been
eliminated in consolidation. Further, in connection with the preparation of the consolidated financial statements, we
have evaluated subsequent events through the issuance of these financial statements on March 1, 2010.