Dish Network 2004 Annual Report Download - page 83

ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
The accompanying notes are an integral part of these consolidated financial statements.
As of December 31,
2004 2003
Assets
Current Assets:
Cash and cash equivalents...................................................................................................................................... 704,560$ 1,290,859$
Marketable investment securities............................................................................................................................ 451,073 2,682,115
Trade accounts receivable, net of allowance for uncollectible accounts
of $9,542 and $12,185, respectively................................................................................................................... 478,310 345,673
Inventories, net....................................................................................................................................................... 271,581 155,147
Insurance receivable (Note 9)................................................................................................................................. 106,000 -
Other current assets................................................................................................................................................ 101,784 99,321
Total current assets.................................................................................................................................................... 2,113,308 4,573,115
Restricted cash and marketable investment securities............................................................................................... 57,552 19,974
Cash reserved for satellite insurance (Note 3)........................................................................................................... - 176,843
Property and equipment, net (Note 3)....................................................................................................................... 2,640,168 1,876,459
FCC authorizations.................................................................................................................................................... 739,326 711,562
Intangible assets, net (Note 2)................................................................................................................................... 240,186 13,221
Insurance receivable (Note 9).................................................................................................................................... - 106,000
Other noncurrent assets, net (Note 2)........................................................................................................................ 238,737 107,844
Total assets.......................................................................................................................................................... 6,029,277$ 7,585,018$
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Trade accounts payable.......................................................................................................................................... 247,698$ 173,637$
Deferred revenue and other.................................................................................................................................... 757,302 514,831
Accrued programming ........................................................................................................................................... 604,934 366,497
Other accrued expenses.......................................................................................................................................... 416,869 478,973
Current portion of capital lease and other long-term obligations (Note 4)............................................................. 45,062 14,995
9 3/8% Senior Notes due 2009 (Note 4)................................................................................................................. - 1,423,351
Total current liabilities.............................................................................................................................................. 2,071,865 2,972,284
Long-term obligations, net of current portion:
10 3/8% Senior Notes due 2007 (Note 4)............................................................................................................... - 1,000,000
5 3/4% Convertible Subordinated Notes due 2008 ................................................................................................ 1,000,000 1,000,000
9 1/8% Senior Notes due 2009 (Note 4)................................................................................................................. 446,153 455,000
3% Convertible Subordinated Note due 2010 ....................................................................................................... 500,000 500,000
Floating Rate Senior Notes due 2008 .................................................................................................................... 500,000 500,000
5 3/4% Senior Notes due 2008 .............................................................................................................................. 1,000,000 1,000,000
6 3/8% Senior Notes due 2011 .............................................................................................................................. 1,000,000 1,000,000
3% Convertible Subordinated Note due 2011 (Note 4).......................................................................................... 25,000 -
6 5/8% Senior Notes due 2014 (Note 4)................................................................................................................. 1,000,000 -
Capital lease obligation, mortgages and other notes payable, net of current portion (Note 4)............................... 286,673 44,327
Long-term deferred revenue, distribution and carriage payments and other long-term liabilities (Note 2)............ 277,798 145,931
Total long-term obligations, net of current portion................................................................................................... 6,035,624 5,645,258
Total liabilities..................................................................................................................................................... 8,107,489 8,617,542
Commitments and Contingencies (Note 9)
Stockholders' Equity (Deficit):
Class A common stock, $.01 par value, 1,600,000,000 shares authorized, 249,028,664
and 246,285,633 shares issued, 217,235,150 and 240,370,533 shares outstanding, respectively....................... 2,490 2,463
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, $.01 par value, 800,000,000 shares authorized, none outstanding................................... - -
Additional paid-in capital....................................................................................................................................... 1,764,973 1,733,805
Non-cash, stock-based compensation..................................................................................................................... - (1,180)
Accumulated other comprehensive income (loss).................................................................................................. 53,418 80,991
Accumulated deficit................................................................................................................................................ (2,901,477) (2,660,596)
Treasury stock, at cost............................................................................................................................................ (1,000,000) (190,391)
Total stockholders' equity (deficit)............................................................................................................................ (2,078,212) (1,032,524)
Total liabilities and stockholders' equity (deficit)................................................................................................ 6,029,277$ 7,585,018$
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