Dish Network 2013 Annual Report Download - page 131

Download and view the complete annual report

Please find page 131 of the 2013 Dish Network annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-21
Changes in Level 3 instruments were as follows:
Level 3
Investment
Securities
(In thousands)
Balance as of December 31, 2012............................................................................................... 105,217$
Net realized and unrealized gains (losses) included in earnings................................................... 26,532
Net realized and unrealized gains (losses) included in other comprehensive income (loss)......... 1,926
Purchases...................................................................................................................................... 14,158
Settlements ................................................................................................................................... (1,813)
Issuances....................................................................................................................................... -
Transfers into or out of Level 3..................................................................................................... -
Balance as of December 31, 2013............................................................................................... 146,020$
During the year ended December 31, 2013, we had no transfers in or out of Level 1 and Level 2 fair value
measurements.
Gains and Losses on Sales and Changes in Carrying Values of Investments
“Other, net” within “Other Income (Expense)” included on our Consolidated Statements of Operations and
Comprehensive Income (Loss) is as follows:
Other Income (Expense): 2013 2012 2011
Marketable investment securities - gains (losses) on sales/exchanges........................... $ 157,444 $ 120,558 $ 14,313
Marketable investment securities - unrealized gains (losses)
on investments accounted for at fair value................................................................ 26,371 1,331 263
Marketable investment securities - gains (losses) on conversion
of DBSD North America Notes (1)........................................................................... - 99,445 -
Other investment securities - gains (losses) on sales/exchanges.................................... - - 10,000
Derivative financial instruments - net realized gains (losses)........................................ 126,932 - -
Derivative financial instruments - net unrealized gains (losses)..................................... 78,847 - -
Marketable investment securities - other-than-temporary impairments.......................... (1,919) (49,020) (16,557)
Other.............................................................................................................................. (2,819) 1,383 221
Total.............................................................................................................................. 384,856$ 173,697$ 8,240$
For the Years Ended December 31,
(In thousands)
(1) During the year ended December 31, 2012, we recognized a $99 million non-cash gain related to the conversion
of our DBSD North America 7.5% Convertible Senior Secured Notes due 2009 in connection with the
completion of the DBSD Transaction.