Dish Network 1997 Annual Report Download - page 78
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Please find page 78 of the 1997 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.ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
13. Parent Company Only and Consolidation of Subsidiary Guarantors − Continued
F–31
Consolidating Balance Sheets − As of December 31, 1996 (in millions)
ESBC-
PC C&E
ESB
C
DBS
Corp-
PC C&E
DBS
Corp
ECC-
PC Other C&E
ECC
Assets
Current Assets:
Cash and cash equivalents ............................ $ 25 $ 14 $ –$ 39 $ –$ –$ 39 $ –$ –$ –$ 39
Marketable investment securities ................. –19 –19 – – 19 – – – 19
Trade accounts receivable, net ..................... 14 – – 14 – – 14 – – – 14
Inventories ................................ ..................... 73 – – 73 – – 73 – – – 73
Subscriber acquisition costs, net .................. 68 – – 68 – – 68 – – – 68
Other current assets ................................ ....... 19 – – 19 – – 19 1 3 –23
Total current assets ................................ ............ 199 33 –232 – – 232 1 3 –236
Investment in subsidiary. ................................ ... –3( 3) –– – –– – – –
Advances to affiliates, net ................................ . –280 (135) 145 –( 76) 69 – – (69) –
Restricted cash and marketable investment
securities ................................ ........................ 32 47 –79 – – 79 – – – 79
Property and equipment, net ............................. 500 – – 500 29 –529 –62 –591
FCC authorizations, net ................................ ..... 12 – – 12 60 –72 – – – 72
Other noncurrent assets ................................ ..... 88 17 –105 – – 105 70 1 (13) 163
Total assets................................ ................ $831 $380 $(138) $1,073 $ 89 $(76) $ 1,086 $ 71 $ 66 $(82) $1,141
Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable ................................ $ 41 $ –$ –$ 41 $ –$ –$ 41 $ –$ 1 $( 1) $ 41
Deferred revenue ................................ ........... 104 – – 104 – – 104 – – – 104
Accrued expenses................................ .......... 41 – – 41 2–43 1–( 2) 42
Advances from affiliates, net ....................... 135 –(135) –76 (76) –2 64 (66) –
Current portion of long-term debt ................ 11 – – 11 – – 11 – – – 11
Total current liabilities ................................ ...... 332 –(135) 197 78 (76) 199 3 65 (69) 198
Long term obligations, net of current portion:
Investment in subsidiaries ............................ –– – –6( 6) –7–( 7) –
1994 Notes................................ ..................... 437 – – 437 – – 437 – – – 437
1996 Notes................................ ..................... –386 –386 – – 386 – – – 386
Mortgages and other notes payable, net of
current portion ................................ .......... 52 – – 52 12 –64 – – (12) 52
Long-term deferred satellite services
revenue and other long-term liabilities ... 7– – 7– – 7– – – 7
Total long-term liabilities ................................ .. 496 386 –882 18 ( 6) 894 7–(19) 882
Total liabilities ................................ .......... 828 386 (135) 1,079 96 (82) 1,093 10 65 (88) 1,080
Stockholders’ equity (deficit) ............................ 3( 6) ( 3) ( 6) ( 7) 6( 7) 61 1 6 61
Total liabilities and stockholders’ equity
(deficit) ................................ ................. $831 $380 $(138) $1,073 $ 89 $(76) $ 1,086 $ 71 $ 66 $ (82) $1,141