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Long-Term Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Long-Term Debt    
Summary of carrying and fair values of debt facilities

 

 

 

 

As of

 

 

 

June 30, 2012

 

December 31, 2011

 

 

 

Carrying

 

 

 

Carrying

 

 

 

 

 

Value

 

Fair Value

 

Value

 

Fair Value

 

 

 

(In thousands)

 

7 % Senior Notes due 2013

 

$

500,000

 

$

527,500

 

$

500,000

 

$

535,000

 

6 5/8% Senior Notes due 2014

 

1,000,000

 

1,075,330

 

1,000,000

 

1,060,000

 

7 3/4% Senior Notes due 2015

 

750,000

 

834,375

 

750,000

 

817,500

 

7 1/8% Senior Notes due 2016

 

1,500,000

 

1,653,750

 

1,500,000

 

1,593,750

 

4 5/8% Senior Notes due 2017

 

900,000

 

884,250

 

 

 

7 7/8% Senior Notes due 2019

 

1,400,000

 

1,606,500

 

1,400,000

 

1,589,000

 

6 3/4% Senior Notes due 2021

 

2,000,000

 

2,151,800

 

2,000,000

 

2,140,000

 

5 7/8% Senior Notes due 2022 (1)

 

1,000,000

 

1,005,000

 

 

 

Mortgages and other notes payable

 

68,800

 

68,800

 

71,871

 

71,871

 

Subtotal

 

9,118,800

 

$

9,807,305

 

7,221,871

 

$

7,807,121

 

Capital lease obligations (2)

 

256,010

 

NA

 

270,893

 

NA

 

Total long-term debt and capital lease obligations (including current portion)

 

$

9,374,810

 

 

 

$

7,492,764

 

 

 

 

 

(1)          Excludes $1.0 billion in additional 5 7/8% Senior Notes due 2022 issued on July 26, 2012.

(2)          Disclosure regarding fair value of capital leases is not required.

As of December 31,

 

 

 

2011

 

2010

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

 

 

(In thousands)

 

6 3/8% Senior Notes due 2011 (1)

 

$

 

$

 

$

1,000,000

 

$

1,032,500

 

7 % Senior Notes due 2013

 

500,000

 

535,000

 

500,000

 

532,815

 

6 5/8% Senior Notes due 2014

 

1,000,000

 

1,060,000

 

1,000,000

 

1,032,500

 

7 3/4% Senior Notes due 2015

 

750,000

 

817,500

 

750,000

 

798,750

 

7 1/8% Senior Notes due 2016

 

1,500,000

 

1,593,750

 

1,500,000

 

1,548,600

 

7 7/8% Senior Notes due 2019

 

1,400,000

 

1,589,000

 

1,400,000

 

1,463,000

 

6 3/4% Senior Notes due 2021

 

2,000,000

 

2,140,000

 

 

 

Mortgages and other notes payable

 

71,871

 

71,871

 

77,965

 

77,965

 

Subtotal

 

7,221,871

 

$

7,807,121

 

6,227,965

 

$

6,486,130

 

Capital lease obligations (2)

 

270,893

 

NA

 

286,971

 

NA

 

Total long-term debt and capital lease obligations (including current portion)

 

$

7,492,764

 

 

 

$

6,514,936

 

 

 

 

 

(1)          During September 2011, we repurchased $85 million of our 6 3/8% Senior Notes due 2011 in open market transactions at amounts close to par plus accrued interest.  On October 3, 2011, we redeemed the remaining $915 million principal balance of our 6 3/8% Senior Notes due 2011.

(2)          Disclosure regarding fair value of capital leases is not required.