Dish Network 2015 Annual Report Download - page 141
Download and view the complete annual report
Please find page 141 of the 2015 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.-
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
 |
 |
DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-37
Interest on Long-Term Debt
Annual
Semi-Annual Debt Service
Payment Dates Requirements
(In thousands)
4 5/8% Senior Notes due 2017 January 15 and July 15 $ 41,625
4 1/4% Senior Notes due 2018 April 1 and October 1 $ 51,000
7 7/8% Senior Notes due 2019 March 1 and September 1 $ 110,250
5 1/8% Senior Notes due 2020 May 1 and November 1 $ 56,375
6 3/4% Senior Notes due 2021 June 1 and December 1 $ 135,000
5 7/8% Senior Notes due 2022 January 15 and July 15 $ 117,500
5% Senior Notes due 2023 March 15 and September 15 $ 75,000
5 7/8 % Senior Notes due 2024 May 15 and November 15 $ 117,500
Our ability to meet our debt service requirements will depend on, among other factors, the successful execution of
our business strategy, which is subject to uncertainties and contingencies beyond our control.
Other Long-Term Debt and Capital Lease Obligations
Other long-term debt and capital lease obligations consisted of the following:
As of December 31,
2015 2014
(In thousands)
Satellites and other capital lease obligations $ 166,492 $ 194,914
N
otes payable related to satellite vendor financing and other debt payable in installments
through 2025 with interest rates ranging from approximately 1.9% to 12.5% 30,996 34,084
Total 197,488 228,998
Less: current portion (34,000) (31,466)
Other long-term debt and capital lease obligations, net of current portion $ 163,488 $ 197,532
Capital Lease Obligations
Anik F3. Anik F3, an FSS satellite, was launched and commenced commercial operation during April 2007. This
satellite is accounted for as a capital lease and depreciated over the term of the satellite service agreement. We have
leased 100% of the Ku-band capacity on Anik F3 for a period of 15 years.
Ciel II. Ciel II, a Canadian DBS satellite, was launched in December 2008 and commenced commercial operation
during February 2009. This satellite is accounted for as a capital lease and depreciated over the term of the satellite
service agreement. We have leased 100% of the capacity on Ciel II for an initial 10 year term.
As of December 31, 2015 and 2014, we had $500 million capitalized for the estimated fair value of satellites
acquired under capital leases included in “Property and equipment, net,” with related accumulated depreciation of
$322 million and $279 million, respectively. In our Consolidated Statements of Operations and Comprehensive
Income (Loss), we recognized $43 million, $43 million and $43 million in depreciation expense on satellites
acquired under capital lease agreements during the years ended December 31, 2015, 2014 and 2013, respectively.