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

9 Months Ended

Sep. 30, 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
	September 30,		December 31,
	2016		2015
	(In thousands)
Marketable investment securities:
Current marketable investment securities - strategic	$	17,661	$	259,145
Current marketable investment securities - other		159,275		298,766
Total current marketable investment securities		176,936		557,911
Restricted marketable investment securities (1)		80,244		82,280
Total marketable investment securities		257,180		640,191
Restricted cash and cash equivalents (1)		2,116		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	$	583,667	$	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  September 30, 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	$	80,721	$	54	$	(13)	$	41	$	82,124	$	2	$	(135)	$	(133)
Corporate securities		159,570		914		(15)		899		349,897		29,370		(480)		28,890
Other		5,584		65		(11)		54		47,847		73		(17)		56
Equity securities		11,305		50		—		50		160,323		68,751		(41)		68,710
Total	$	257,180	$	1,083	$	(39)	$	1,044	$	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
	September 30, 2016				December 31, 2015
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	66,653	$	(28)	$	303,194	$	(612)
12 months or more		127		(11)		7,512		(20)
Equity Securities:
Less than 12 months		—		—		6,133		(41)
12 months or more		—		—		—		—
Total	$	66,780	$	(39)	$	316,839	$	(673)

Schedule of fair value measurements

	As of
	September 30, 2016								December 31, 2015
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	4,654,295	$	15,188	$	4,639,107	$	—	$	920,689	$	82,675	$	838,014	$	—
Debt securities (including restricted):
U.S. Treasury and agency securities	$	80,721	$	80,721	$	—	$	—	$	82,124	$	77,328	$	4,796	$	—
Corporate securities		159,570		—		153,406		6,164		349,897		—		343,733		6,164
Other		5,584		—		5,392		192		47,847		—		47,648		199
Equity securities		11,305		11,305		—		—		160,323		160,323		—		—
Subtotal		257,180		92,026		158,798		6,356		640,191		237,651		396,177		6,363
Derivative financial instruments		—		—		—		—		556,828		—		556,828		—
Total	$	257,180	$	92,026	$	158,798	$	6,356	$	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)		137
Purchases		—
Settlements		(144)
Issuances		—
Transfers into or out of Level 3		—
Balance as of September 30, 2016	$	6,356

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):	2016		2015		2016		2015
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	5,007	$	13,908	$	113,528	$	113,815
Derivative financial instruments - net realized and/or unrealized gains (losses)		—		14,803		5,405		183,190
Marketable investment securities - other-than-temporary impairments		(1,949)		—		(2,863)		(5,567)
Other		45		71		(1,961)		(6,889)
Total	$	3,103	$	28,782	$	114,109	$	284,549