Dish Network 2001 Annual Report Download - page 69

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
See accompanying Notes to Consolidated Financial Statements.
F–4
December 31,
2000 2001
Assets
Current Assets:
Cash and cash equivalents ................................................................................................................... $ 856,818 $ 1,677,889
Marketable investment securities ........................................................................................................ 607,357 1,150,408
Trade accounts receivable, net of allowance for uncollectible accounts of $31,241 and $22,770,
respectively ..................................................................................................................................... 278,614 318,128
Insurance receivable ............................................................................................................................ 106,000 106,000
Inventories............................................................................................................................................ 161,161 190,747
Other current assets.............................................................................................................................. 50,656 68,795
Total current assets................................................................................................................................... 2,060,606 3,511,967
Restricted cash.......................................................................................................................................... 3,000 1,288
Cash reserved for satellite insurance (Note 3)......................................................................................... 82,393 122,068
Property and equipment, net .................................................................................................................... 1,511,303 1,904,012
FCC authorizations, net ........................................................................................................................... 709,984 696,409
Other noncurrent assets............................................................................................................................ 269,549 283,942
Total assets...................................................................................................................................... $ 4,636,835 $ 6,519,686
Liabilities and Stockholders’ Deficit
Current Liabilities:
Trade accounts payable ....................................................................................................................... $ 226,568 $ 254,868
Deferred revenue ................................................................................................................................. 283,895 359,424
Accrued expenses ................................................................................................................................ 691,482 859,293
Current portion of long-term debt ....................................................................................................... 21,132 14,782
Total current liabilities ............................................................................................................................. 1,223,077 1,488,367
Long-term obligations, net of current portion:
9 1/4% Seven Year Notes.................................................................................................................... 375,000 375,000
9 3/8% Ten Year Notes ....................................................................................................................... 1,625,000 1,625,000
10 3/8% Seven Year Notes.................................................................................................................. 1,000,000 1,000,000
9 1/8% Seven Year Notes.................................................................................................................... –700,000
4 7/8% Convertible Notes................................................................................................................... 1,000,000 1,000,000
5 3/4% Convertible Notes.................................................................................................................... –1,000,000
Mortgages and other notes payable, net of current portion................................................................. 14,812 6,480
Long-term deferred distribution and carriage revenue and other long-term liabilities....................... 56,329 102,611
Total long-term obligations, net of current portion ................................................................................. 4,071,141 5,809,091
Total liabilities ................................................................................................................................ 5,294,218 7,297,458
Commitments and Contingencies (Note 9)
Stockholders’ Deficit:
6 ¾% Series C Cumulative Convertible Preferred Stock, 218,951 and 0 shares issued and
outstanding, respectively.................................................................................................................. 10,948 –
Class A Common Stock, $.01 par value, 1,600,000,000 shares authorized, 235,749,557 and
241,015,004 shares issued and outstanding, respectively................................................................ 2,357 2,410
Class B Common Stock, $.01 par value, 800,000,000 shares authorized, 238,435,208 shares
issued and outstanding .................................................................................................................... 2,384 2,384
Class C Common Stock, $.01 par value, 800,000,000 shares authorized, none outstanding ............ – –
Additional paid-in capital.................................................................................................................... 1,700,367 1,709,797
Deferred stock-based compensation .................................................................................................. (58,193) (25,456)
Accumulated other comprehensive income (loss).............................................................................. (60,580) 3,594
Accumulated deficit ............................................................................................................................ (2,254,666) (2,470,501)
Total stockholders’ deficit ....................................................................................................................... (657,383) (777,772)
Total liabilities and stockholders’ deficit ....................................................................................... $ 4,636,835 $ 6,519,686