Dish Network 2001 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 of the 2001 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.

Page out of 108

  • 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

ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–28
The temporary differences, which give rise to deferred tax assets and liabilities as of December 31, 2000 and
2001, are as follows (in thousands):
December 31,
2000 2001
Current deferred tax assets:
Accrued expenses................................................................................. $ 77,110 $ 95,431
Inventory reserves and cost methods...................................................... 3,974 5,369
Allowance for doubtful accounts ........................................................... 12,533 8,896
Other................................................................................................... 79 243
Total current deferred tax assets................................................................ 93,696 109,939
Current deferred tax liabilities:
Other................................................................................................... (40) (39)
Total current deferred tax liabilities........................................................... (40) (39)
Gross current deferred tax assets ............................................................... 93,656 109,900
Valuation allowance................................................................................. (79,194) (89,115)
Net current deferred tax assets .................................................................. 14,462 20,785
Noncurrent deferred tax assets:
General business, foreign tax, alternative minimum tax credits ................ 2,504 3,904
Net operating loss carryforwards ........................................................... 771,748 771,162
Incentive plan stock compensation......................................................... 38,841 44,715
Unrealized loss on investments.............................................................. –48,159
Loss on equity method investments........................................................ 10,961 24,219
Other................................................................................................... 23,802 39,200
Total noncurrent deferred tax assets .......................................................... 847,856 931,359
Noncurrent deferred tax liabilities:
Depreciation ........................................................................................ (77,452) (115,589)
Other................................................................................................... (1,108) (13,072)
Total noncurrent deferred tax liabilities ..................................................... (78,560) (128,661)
Gross deferred tax assets .......................................................................... 769,296 802,698
Valuation allowance................................................................................. (716,623) (754,948)
Net noncurrent deferred tax assets............................................................. 52,673 47,750
Net deferred tax assets.............................................................................. $ 67,135 $ 68,535
The components of the (provision for) benefit from income taxes are as follows (in thousands):
Year Ended December 31,
1999 2000 2001
Current (provision) benefit:
Federal .................................................................... $ – $ – $ (1,400)
State... ..................................................................... (45) (80) (860)
Foreign.................................................................... (108) (475) (593)
(153) (555) (2,853)
Deferred (provision) benefit:
Federal .................................................................... 286,195 247,519 44,910
State........................................................................ 27,748 28,809 4,736
Increase in valuation allowance ................................. (313,943) (276,328) (48,246)
– – 1,400
Total (provision) benefit........................................ $ (153) $ (555) $ (1,453)