Dish Network 2008 Annual Report Download - page 86

DISH NETWORK CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-4
2008 2007
Assets
Current Assets:
Cash and cash equivalents..................................................................................................................................... 98,574$ 919,542$
Marketable investment securities (Note 5)............................................................................................................ 460,558 1,868,654
Trade accounts receivable - other, net of allowance for doubtful accounts
of $15,207 and $14,019, respectively................................................................................................................. 799,139 699,101
Trade accounts receivable - EchoStar................................................................................................................... 20,604 -
Inventories, net...................................................................................................................................................... 426,671 306,915
Current deferred tax assets (Note 10).................................................................................................................... 86,331 342,813
Income tax receivable............................................................................................................................................ 148,747 -
Other current assets............................................................................................................................................... 56,394 108,113
Other current assets - EchoStar............................................................................................................................. 966 -
Total current assets.................................................................................................................................................... 2,097,984 4,245,138
Noncurrent Assets:
Restricted cash and marketable investment securities (Note 5)............................................................................. 83,606 172,520
Property and equipment, net (Note 7)................................................................................................................... 2,663,289 4,058,189
FCC authorizations................................................................................................................................................ 1,391,441 845,564
Intangible assets, net (Note 8)............................................................................................................................... 5,135 218,875
Goodwill (Note 8)................................................................................................................................................. - 256,917
Marketable and other investment securities (Note 5)............................................................................................ 158,296 187,886
Other noncurrent assets, net................................................................................................................................... 60,296 101,440
Total noncurrent assets.............................................................................................................................................. 4,362,063 5,841,391
Total assets.......................................................................................................................................................... 6,460,047$ 10,086,529$
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Trade accounts payable - other.............................................................................................................................. 174,216$ 314,825$
Trade accounts payable - EchoStar ...................................................................................................................... 297,629 -
Deferred revenue and other................................................................................................................................... 830,529 857,846
Accrued programming .......................................................................................................................................... 1,020,086 914,074
Other accrued expenses......................................................................................................................................... 619,210
587,942
Current portion of capital lease obligations, mortgages and other notes payable (Note 9).................................... 13,333 50,454
3% Convertible Subordinated Note due 2011 (Note 9)......................................................................................... 25,000 -
3% Convertible Subordinated Note due 2010 (Note 9)......................................................................................... - 500,000
5 3/4% Senior Notes due 2008 (Note 9)................................................................................................................ - 1,000,000
Total current liabilities.............................................................................................................................................. 2,980,003 4,225,141
Long-term obligations, net of current portion:
6 3/8% Senior Notes due 2011 ............................................................................................................................. 1,000,000 1,000,000
3% Convertible Subordinated Note due 2011 ...................................................................................................... - 25,000
6 5/8% Senior Notes due 2014.............................................................................................................................. 1,000,000 1,000,000
7 1/8% Senior Notes due 2016.............................................................................................................................. 1,500,000 1,500,000
7% Senior Notes due 2013.................................................................................................................................... 500,000 500,000
7 3/4% Senior Notes due 2015.............................................................................................................................. 750,000 -
Capital lease obligations, mortgages and other notes payable, net of current portion (Note 9)............................. 219,423 550,250
Deferred tax liabilities........................................................................................................................................... 235,551 386,493
Long-term deferred revenue, distribution and carriage payments and other long-term liabilities......................... 224,176 259,656
Total long-term obligations, net of current portion................................................................................................... 5,429,150 5,221,399
Total liabilities..................................................................................................................................................... 8,409,153 9,446,540
Commitments and Contingencies (Note 15)
Stockholders' Equity (Deficit):
Class A common stock, $.01 par value, 1,600,000,000 shares authorized, 257,117,733 and 255,138,160
shares issued, 208,968,052 and 210,125,360 shares outstanding, respectively................................................. 2,571 2,551
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, $.01 par value, 800,000,000 shares authorized, none issued and outstanding................ - -
Additional paid-in capital..................................................................................................................................... 2,090,527 2,033,865
Accumulated other comprehensive income (loss)................................................................................................ (107,998) 46,698
Accumulated earnings (deficit)............................................................................................................................. (2,492,804) (84,456)
Treasury stock, at cost.......................................................................................................................................... (1,443,786) (1,361,053)
Total stockholders' equity (deficit)............................................................................................................................ (1,949,106) 639,989
Total liabilities and stockholders' equity (deficit).............................................................................................. 6,460,047$ 10,086,529$
As of December 31,