XML 34 R25.htm IDEA: XBRL DOCUMENT

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities (Tables)

9 Months Ended

Sep. 30, 2013

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities

Schedule of marketable investment securities, restricted cash and other investment securities

	As of
	September 30,		December 31,
	2013		2012
	(In thousands)
Marketable investment securities:
Current marketable investment securities - VRDNs	$	149,920	$	130,306
Current marketable investment securities - strategic	1,377,727		1,261,015
Current marketable investment securities - other	3,981,090		2,240,316
Total current marketable investment securities	5,508,737		3,631,637
Restricted marketable investment securities (1)	72,800		51,366
Noncurrent marketable investment securities - ARS and other (2)	126,856		106,172
Total marketable investment securities	5,708,393		3,789,175

Restricted cash and cash equivalents (1)	22,354		83,044

Other investment securities:
Other investment securities - cost method (2)	15,104		12,879
Total other investment securities	15,104		12,879

Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	5,745,851	$	3,885,098

(1) Restricted marketable investment securities and restricted cash and cash equivalents are included in “Restricted cash and marketable investment securities” on our Condensed Consolidated Balance Sheets.

(2) Noncurrent marketable investment securities — auction rate securities (“ARS”) and other investment securities are included in “Marketable and other investment securities” on our Condensed Consolidated Balance Sheets.

Schedule of unrealized gain (loss) on marketable investment securities

	As of September 30, 2013										As of December 31, 2012
	Fair		Unrealized								Fair		Unrealized
	Value		Gains		Losses			Net			Value		Gains		Losses			Net
	(In thousands)
Debt securities:
VRDNs	$	149,920	$	—	$	—		$	—		$	130,306	$	—	$	—		$	—
ARS and other	45,430		1,200		(5,150		)	(3,950		)	43,921		1,375		(8,033		)	(6,658		)
ARS fair value election	81,426		—		—			—			62,251		—		—			—
Other (including restricted)	4,989,642		175,922		(1,507		)	174,415			3,287,317		208,208		(1,203		)	207,005
Equity securities	441,975		75,012		(15,555		)	59,457			265,380		17,918		(11,537		)	6,381
Total	$	5,708,393	$	252,134	$	(22,212	)	$	229,922		$	3,789,175	$	227,501	$	(20,773	)	$	206,728

Schedule of available-for-sale securities in continuous unrealized loss position by length of time and their fair value

	As of
	September 30, 2013					December 31, 2012
	Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	1,679,098	$	(936	)	$	761,551	$	(909	)
12 months or more	121,978		(5,721		)	72,395		(8,327		)
Equity Securities:
Less than 12 months	137,995		(15,555		)	154,566		(11,537		)
12 months or more	—		—			—		—
Total	$	1,939,071	$	(22,212	)	$	988,512	$	(20,773	)

Schedule of fair value measurements

	As of
	September 30, 2013								December 31, 2012
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	4,480,912	$	305,875	$	4,175,037	$	—	$	3,386,929	$	67,833	$	3,319,096	$	—

Debt securities:
VRDNs	$	149,920	$	—	$	149,920	$	—	$	130,306	$	—	$	130,306	$	—
ARS and other	126,856		—		740		126,116		106,172		—		955		105,217
Other (including restricted)	4,989,642		11,033		4,975,142		3,467		3,287,317		11,182		3,276,135		—

Equity securities	441,975		441,975		—		—		265,380		265,380		—		—

Total	$	5,708,393	$	453,008	$	5,125,802	$	129,583	$	3,789,175	$	276,562	$	3,407,396	$	105,217

Schedule of changes in Level 3 instruments

	Level 3
	Investment
	Securities
	(In thousands)
Balance as of December 31, 2012	$	105,217
Net realized and unrealized gains (losses) included in earnings	19,289
Net realized and unrealized gains (losses) included in other comprehensive income (loss)	2,961
Purchases	3,480
Settlements	(1,364		)
Issuances	—
Transfers into or out of Level 3	—
Balance as of September 30, 2013	$	129,583

Schedule of gains and losses on sales and changes in carrying values of investments

	For the Three Months					For the Nine Months
	Ended September 30,					Ended September 30,
Other Income (Expense):	2013		2012			2013			2012
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	49,223	$	111,709		$	63,405		$	119,445
Marketable investment securities - unrealized gains (losses) on investments accounted for at fair value	8,689		667			19,175			(2,395		)
Marketable investment securities - gains (losses) on conversion of DBSD North America Notes (1)	—		—			—			99,445
Derivative financial instruments - net realized and/or unrealized gains (losses)	42,301		—			126,832			—
Marketable investment securities - other-than-temporary impairments	—		(42,811		)	(1,919		)	(45,292		)
Other	5,534		266			5,235			1,462
Total	$	105,747	$	69,831		$	212,728		$	172,665

(1) During the nine months ended September 30, 2012, we recognized a $99 million non-cash gain related to the conversion of our DBSD North America 7.5% Convertible Senior Secured Notes due 2009 in connection with the completion of the DBSD Transaction.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References+ Details