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

3 Months Ended

Mar. 31, 2016

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
	March 31,		December 31,
	2016		2015
	(In thousands)
Marketable investment securities:
Current marketable investment securities - strategic	$	119,734	$	259,145
Current marketable investment securities - other		41,900		298,766
Total current marketable investment securities		161,634		557,911
Restricted marketable investment securities (1)		82,307		82,280
Total marketable investment securities		243,941		640,191

Restricted cash and cash equivalents (1)		67		94

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		8,167		11,046
Total other investment securities		324,371		327,250

Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	568,379	$	967,535

(1)

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

Schedule of components of available-for-sale investments


	As of March 31, 2016								As of December 31, 2015
	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	$	82,144	$	45	$	(6)	$	39	$	82,124	$	2	$	(135)		(133)
Corporate securities		136,100		27,501		(7)		27,494		349,897		29,370		(480)		28,890
Other		3,170		71		(11)		60		47,847		73		(17)		56
Equity securities		22,527		4,185		(1,546)		2,639		160,323		68,751		(41)		68,710
Total	$	243,941	$	31,802	$	(1,570)	$	30,232	$	640,191	$	98,196	$	(673)	$	97,523

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


	As of
	March 31, 2016				December 31, 2015
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	27,682	$	(13)	$	303,194	$	(612)
12 months or more		127		(11)		7,512		(20)
Equity Securities:
Less than 12 months		12,572		(1,546)		6,133		(41)
12 months or more		—		—		—		—
Total	$	40,381	$	(1,570)	$	316,839	$	(673)

Schedule of fair value measurements


	As of
	March 31, 2016								December 31, 2015
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	574,712	$	34,901	$	539,811	$	—	$	920,689	$	82,675	$	838,014	$	—

Debt securities (including restricted):
U. S. Treasury and agency securities	$	82,144	$	77,375	$	4,769	$	—	$	82,124	$	77,328	$	4,796	$	—
Corporate securities		136,100		—		129,937		6,163		349,897		—		343,733		6,164
Other		3,170		—		2,972		198		47,847		—		47,648		199

Equity securities		22,527		22,527		—		—		160,323		160,323		—		—

Subtotal		243,941		99,902		137,678		6,361		640,191		237,651		396,177		6,363

Derivative financial instruments		324,285		—		324,285		—		556,828		—		556,828		—

Total	$	568,226	$	99,902	$	461,963	$	6,361	$	1,197,019	$	237,651	$	953,005	$	6,363

Schedule of changes in Level 3 instruments


	Level 3
	Investment
	Securities
	(In thousands)
Balance as of December 31, 2015	$	6,363
Net realized and unrealized gains (losses) included in earnings		—
Net realized and unrealized gains (losses) included in other comprehensive income (loss)		44
Purchases		—
Settlements		(46)
Issuances		—
Transfers into or out of Level 3		—
Balance as of March 31, 2016	$	6,361

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


	For the Three Months
	Ended March 31,
Other Income (Expense):	2016		2015
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	78,653	$	64,980
Derivative financial instruments - net realized and/or unrealized gains (losses)		(11,673)		67,611
Marketable investment securities - other-than-temporary impairments		—		(5,567)
Other		85		(6,735)
Total	$	67,065	$	120,289

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ 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