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

6 Months Ended

Jun. 30, 2015

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
	June 30,		December 31,
	2015		2014
	(In thousands)
Marketable investment securities:
Current marketable investment securities - strategic	$	296,480	$	711,213
Current marketable investment securities - other	104,781		1,420,532
Total current marketable investment securities	401,261		2,131,745
Restricted marketable investment securities (1)	81,795		76,970
Total marketable investment securities	483,056		2,208,715
Restricted cash and cash equivalents (1)	5,189		10,014
Other investment securities:
Investment in EchoStar preferred tracking stock - cost method	228,795		228,795
Investment in HSSC preferred tracking stock - cost method	87,409		87,409
Other investment securities - cost method	11,046		11,046
Total other investment securities	327,250		327,250
Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	815,495	$	2,545,979

(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.

Schedule of components of available-for-sale investments

	As of June 30, 2015									As of December 31, 2014
	Marketable									Marketable
	Investment		Unrealized							Investment		Unrealized
	Securities		Gains		Losses			Net		Securities		Gains		Losses			Net
	(In thousands)
Debt securities (including restricted):
U. S. Treasury and agency securities	$	56,754	$	66	$	(1	)	$	65	$	58,254	$	7	$	(11	)	$	(4	)
Commercial paper	11,792		—		—			—		68,556		—		—			—
Corporate securities	169,526		39,856		(78		)	39,778		1,496,044		72,918		(153		)	72,765
Other	57,330		81		(14		)	67		192,607		1,293		—			1,293
Equity securities	187,654		89,799		—			89,799		393,254		106,971		(4,346		)	102,625
Total	$	483,056	$	129,802	$	(93	)	$	129,709	$	2,208,715	$	181,189	$	(4,510	)	$	176,679

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

	As of
	June 30, 2015					December 31, 2014
	Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	56,244	$	(82	)	$	280,738	$	(105	)
12 months or more	127		(11		)	135,853		(59		)
Equity Securities:
Less than 12 months	—		—			15,338		(4,346		)
12 months or more	—		—			—		—
Total	$	56,371	$	(93	)	$	431,929	$	(4,510	)

Schedule of fair value measurements

	As of
	June 30, 2015								December 31, 2014
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash Equivalents (including restricted)	$	608,160	$	64,852	$	543,308	$	—	$	7,009,897	$	274,123	$	6,735,774	$	—
Debt securities (including restricted):
U. S. Treasury and agency securities	$	56,754	$	51,870	$	4,884	$	—	$	58,254	$	42,710	$	15,544	$	—
Commercial paper	11,792		—		11,792		—		68,556		—		68,556		—
Corporate securities	169,526		—		161,668		7,858		1,496,044		—		1,488,340		7,704
Other	57,330		—		57,123		207		192,607		—		58,171		134,436
Equity securities	187,654		187,654		—		—		393,254		393,254		—		—
Subtotal	483,056		239,524		235,467		8,065		2,208,715		435,964		1,630,611		142,140
Derivative financial instruments	551,847		—		551,847		—		383,460		—		383,460		—
Total	$	1,034,903	$	239,524	$	787,314	$	8,065	$	2,592,175	$	435,964	$	2,014,071	$	142,140

Schedule of changes in Level 3 instruments

	Level 3 Investment Securities
	(In thousands)
Balance as of December 31, 2014	$	142,140
Net realized and unrealized gains (losses) included in earnings	1,089
Net realized and unrealized gains (losses) included in other comprehensive income (loss)	(693		)
Purchases	—
Settlements	(134,471		)
Issuances	—
Transfers into or out of Level 3	—
Balance as of June 30, 2015	$	8,065

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

	For the Three Months					For the Six Months
	Ended June 30,					Ended June 30,
Other Income (Expense):	2015			2014		2015			2014
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	34,927		$	555	$	99,907		$	6,192
Marketable investment securities - unrealized gains (losses) on investments accounted for using the Fair Value Option	—			2,742		—			7,018
Derivative financial instruments - net realized and/or unrealized gains (losses)	100,776			5,130		168,387			(174		)
Marketable investment securities - other-than-temporary impairments	—			—		(5,567		)	(6,130		)
Other	(225		)	407		(6,960		)	(3,261		)
Total	$	135,478		$	8,834	$	255,767		$	3,645