Dish Network 2015 Annual Report Download - page 133

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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-29
Satellites
Pay-TV Satellites. We currently utilize 12 satellites in geostationary orbit approximately 22,300 miles above the
equator, one of which we own and depreciate over its estimated useful life. We currently utilize certain capacity on
nine satellites that we lease from EchoStar, which are accounted for as operating leases. We also lease two satellites
from third parties, which are accounted for as capital leases and are depreciated over the shorter of the economic life
or the term of the satellite agreement.
As of December 31, 2015, our pay-TV satellite fleet consisted of the following:
Estimated
Useful Life
(Years) /
Degree Lease
Launch Orbital Termination
Satellites Date Location Date
Owned:
EchoStar XV July 2010 61.5 15
Under Construction:
EchoStar XVIII Second quarter 2016 110 15
Leased from EchoStar (1):
EchoStar VII (2)(3) February 2002 119 June 2017
EchoStar IX August 2003 121 Month to month
EchoStar X (2)(3) February 2006 110 February 2021
EchoStar XI (2)(3) July 2008 110 September 2021
EchoStar XII (3) July 2003 61.5 September 2017
EchoStar XIV (2)(3) March 2010 119 February 2023
EchoStar XVI (4) November 2012 61.5 January 2017
N
imiq 5 September 2009 72.7 September 2019
QuetzSat-1 September 2011 77 November 2021
Leased from Other Third Party:
Anik F3 April 2007 118.7 April 2022
Ciel II December 2008 129 January 2019
(1) See Note 19 for further information on our Related Party Transactions with EchoStar.
(2) On February 20, 2014, we entered into the Satellite and Tracking Stock Transaction with EchoStar pursuant to
which, among other things, we transferred these satellites to EchoStar and lease back all available capacity on
these satellites. See Note 6 and Note 19 for further information.
(3) We generally have the option to renew each lease on a year-to-year basis through the end of the useful life of
the respective satellite.
(4) We have the option to renew this lease for an additional six-year period. If we exercise our six-year renewal
option, we have the option to renew this lease for an additional five years.