Dish Network 2008 Annual Report Download - page 91

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-9
The table below summarizes the assets and liabilities that were distributed to EchoStar in connection with
the Spin-off. The distribution was accounted for at historical cost given the nature of the distribution.
January 1,
2008
(In thousands)
Assets
Current Assets:
Cash and cash equivalents.......................................................................................................... 585,147$
Marketable investment securities............................................................................................... 947,120
Trade accounts receivable, net................................................................................................... 38,054
Inventories, net........................................................................................................................... 31,000
Current deferred tax assets......................................................................................................... 8,459
Other current assets.................................................................................................................... 32,351
Total current assets....................................................................................................................... 1,642,131
Restricted cash and marketable investment securities.................................................................. 3,150
Property and equipment, net......................................................................................................... 1,516,604
FCC authorizations....................................................................................................................... 165,994
Intangible assets, net..................................................................................................................... 214,544
Goodwill....................................................................................................................................... 256,917
Other noncurrent assets, net ........................................................................................................ 93,707
Total assets.............................................................................................................................. 3,893,047$
Liabilities
Current Liabilities:
Trade accounts payable.............................................................................................................. 5,825$
Deferred revenue and other accrued expenses............................................................................ 38,460
Current portion of capital lease obligations, mortgages and other notes payable....................... 40,533
Total current liabilities................................................................................................................. 84,818
Long-term obligations, net of current portion:
Capital lease obligations, mortgages and other notes payable, net of current portion................ 341,886
Deferred tax liabilities................................................................................................................ 115,798
Total long-term obligations, net of current portion...................................................................... 457,684
Total liabilities........................................................................................................................ 542,502
Net assets distributed.................................................................................................................... 3,350,545$