Dish Network 2015 Annual Report Download - page 128

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-24
provide conversion and exchange rights of the Tracking Stock under certain circumstances; and certain protective
covenants afforded to holders of the Tracking Stock. The Investor Rights Agreement generally will terminate with
respect to our interest should we no longer hold any shares of the HSSC-issued Tracking Stock and any registrable
securities under the Investor Rights Agreement.
Unrealized Gains (Losses) on Marketable Investment Securities
As of December 31, 2015 and 2014, we had accumulated net unrealized gains of $98 million and $177 million,
respectively. These amounts, net of related tax effect, were $62 million and $175 million, respectively. All of these
amounts are included in “Accumulated other comprehensive income (loss)” within “Total stockholders’ equity
(deficit).” The components of our available-for-sale investments are summarized in the table below.
As of December 31,
2015 2014
Marketable Marketable
Investment Unrealized Investment Unrealized
Securities Gains Losses Net Securities Gains Losses Net
(In thousands)
Debt securities
(including
restricted):
U. S. Treasury and
agency securities $ 82,124 $ 2 $ (135) $ (133) $ 58,254 $ 7 $ (11) (4)
Commercial paper — — — — 68,556 — — —
Corporate securities 349,897 29,370 (480) 28,890 1,496,044 72,918 (153) 72,765
Other 47,847 73 (17) 56 192,607 1,293 — 1,293
Equity securities 160,323 68,751 (41) 68,710 393,254 106,971 (4,346) 102,625
Total $ 640,191 $ 98,196 $ (673) $ 97,523 $ 2,208,715 $ 181,189 $ (4,510) $ 176,679
As of December 31, 2015, restricted and non-restricted marketable investment securities included debt securities of
$266 million with contractual maturities within one year, $121 million with contractual maturities extending longer
than one year through and including five years and $93 million with contractual maturities longer than ten years.
Actual maturities may differ from contractual maturities as a result of our ability to sell these securities prior to
maturity.
Marketable Investment Securities in a Loss Position
The following table reflects the length of time that the individual securities, accounted for as available-for-sale, have
been in an unrealized loss position, aggregated by investment category. As of December 31, 2015, the unrealized
losses on our investments in equity securities represented investments in broad-based indices. We are not aware of
any factors that indicate the unrealized losses in these investments are due to factors other than temporary market
fluctuations. As of December 31, 2015, the unrealized losses related to our investments in debt securities primarily
represented investments in corporate securities. We have the ability to hold and do not intend to sell our
investments in these debt securities before they recover or mature, and it is more likely than not that we will hold
these investments until that time. In addition, we are not aware of any specific factors indicating that the underlying
issuers of these debt securities would not be able to pay interest as it becomes due or repay the principal at maturity.