Long-Term Debt and Finance Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2024

Long-Term Debt and Finance Lease Obligations

Schedule of carrying amount and fair value of our debt facilities

		As of
		March 31, 2024				December 31, 2023
	Issuer	Carrying Amount		Fair Value		Carrying Amount		Fair Value
		(In thousands)
2 3/8% Convertible Notes due 2024 (1)	DISH		—		—		951,168		944,034
5 7/8% Senior Notes due 2024	DDBS		1,982,544		1,905,621		1,982,544		1,872,275
0% Convertible Notes due 2025	DISH		1,957,197		1,418,968		1,957,197		1,228,141
7 3/4% Senior Notes due 2026	DDBS		2,000,000		1,390,000		2,000,000		1,388,060
3 3/8% Convertible Notes due 2026	DISH		2,908,801		1,830,799		2,908,801		1,570,753
5 1/4% Senior Secured Notes due 2026	DDBS		2,750,000		2,158,750		2,750,000		2,366,073
11 3/4% Senior Secured Notes due 2027	DISH		3,500,000		3,578,750		3,500,000		3,668,980
7 3/8% Senior Notes due 2028	DDBS		1,000,000		489,200		1,000,000		600,160
5 3/4% Senior Secured Notes due 2028	DDBS		2,500,000		1,718,750		2,500,000		2,013,125
5 1/8% Senior Notes due 2029	DDBS		1,500,000		629,250		1,500,000		774,600
Intercompany Loan 2026 Tranche (2)			4,696,836		4,696,836		—		—
Other notes payable			101,135		101,135		113,564		113,564
Subtotal			24,896,513	$	19,918,059		21,163,274	$	16,539,765
Unamortized deferred financing costs and other debt discounts, net			(63,939)				(67,215)
Finance lease obligations (3)			108,524				123,658
Total long-term debt and finance lease obligations (including current portion)		$	24,941,098			$	21,219,717

(1) We repurchased or redeemed the principal balance of our 2 3/8% Convertible Notes due 2024 as of March 15, 2024, the instrument’s maturity date.

(2) In January 2024, DISH DBS assigned the Intercompany Loan 2026 Tranche of $4.7 billion to EchoStar Intercompany Receivable Company L.L.C., our parent, EchoStar’s, direct wholly-owned subsidiary, such that amounts owed in respect of the Intercompany Loan 2026 Tranche will now be paid by us to EchoStar Intercompany Receivable L.L.C. The Intercompany Loan 2026 Tranche was previously eliminated in consolidation and held by DISH DBS. The Intercompany Loan 2026 Tranche is not publicly traded and therefore the carrying value is the fair value.

(3) Disclosure regarding fair value of finance leases is not required.