Dish Network 2002 Annual Report Download - page 64

ECHOSTAR COMMUNICATION CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
The accompanying notes are an integral part of the consolidated financial statements.
F–4
December 31,
2001 2002
Assets
Current Assets:
Cash and cash equivalents................................................................................................................... $ 1,677,889 $ 1,483,078
Marketable investment securities ........................................................................................................ 1,150,408 1,203,917
Trade accounts receivable, net of allowance for uncollectible accounts of $22,770 and $27,649,
respectively...................................................................................................................................... 318,128 329,020
Insurance receivable............................................................................................................................. 106,000 106,000
Inventories............................................................................................................................................ 190,747 150,290
Other current assets.............................................................................................................................. 68,795 47,212
Total current assets................................................................................................................................... 3,511,967 3,319,517
Restricted cash ......................................................................................................................................... 1,288 9,972
Cash reserved for satellite insurance (Note 3) ......................................................................................... 122,068 151,372
Property and equipment, net .................................................................................................................... 1,904,012 1,974,516
FCC authorizations, net ........................................................................................................................... 696,409 696,409
Other noncurrent assets............................................................................................................................ 283,942 108,799
Total assets ...................................................................................................................................... $ 6,519,686 $ 6,260,585
Liabilities and Stockholders’ Deficit
Current Liabilities:
Trade accounts payable........................................................................................................................ $ 254,868 $ 264,813
Deferred revenue.................................................................................................................................. 359,424 443,757
Accrued expenses ................................................................................................................................ 859,293 923,217
Current portion of long-term obligations............................................................................................. 14,782 13,432
Total current liabilities ............................................................................................................................. 1,488,367 1,645,219
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.................................................................................................................... 700,000 700,000
4 7/8% Convertible Notes................................................................................................................... 1,000,000 1,000,000
5 3/4% Convertible Notes.................................................................................................................... 1,000,000 1,000,000
Mortgages and other notes payable, net of current portion................................................................. 6,480 33,621
Long-term deferred distribution and carriage payments and other long-term liabilities .................... 102,611 87,383
Total long-term obligations, net of current portion ................................................................................. 5,809,091 5,821,004
Total liabilities................................................................................................................................. 7,297,458 7,466,223
Commitments and Contingencies (Notes 3, 4 and 9)
Stockholders’ Deficit:
Class A Common Stock, $.01 par value, 1,600,000,000 shares authorized, 241,015,004 and
242,539,709 shares issued and outstanding, respectively............................................................... 2,410 2,425
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.................................................................................................................... 1,709,797 1,706,731
Deferred stock-based compensation .................................................................................................. (25,456) (8,657)
Accumulated other comprehensive income ........................................................................................ 3,594 6,197
Accumulated deficit ............................................................................................................................ (2,470,501) (2,914,718)
Total stockholders’ deficit........................................................................................................................ (777,772) (1,205,638)
Total liabilities and stockholders’ deficit ....................................................................................... $ 6,519,686 $ 6,260,585