Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-Term Debt

Schedule of interest on long-term debt

		Annual
	Semi-Annual	Debt Service
	Payment Dates	Requirements
		(In thousands)
7% Senior Notes due 2013	April 1 and October 1	$	35,000
6 5/8% Senior Notes due 2014	April 1 and October 1	$	66,250
7 3/4% Senior Notes due 2015	May 31 and November 30	$	58,125
7 1/8% Senior Notes due 2016	February 1 and August 1	$	106,875
4 5/8% Senior Notes due 2017	January 15 and July 15	$	41,625
7 7/8% Senior Notes due 2019	March 1 and September 1	$	110,250
6 3/4% Senior Notes due 2021	June 1 and December 1	$	135,000
5 7/8% Senior Notes due 2022	January 15 and July 15	$	117,500
5% Senior Notes due 2023	March 15 and September 15	$	75,000

Summary of carrying and fair values of debt facilities

	As of December 31,
	2012				2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
7 % Senior Notes due 2013 (1)	500,000		521,875		500,000		535,000
6 5/8% Senior Notes due 2014	1,000,000		1,078,500		1,000,000		1,060,000
7 3/4% Senior Notes due 2015	750,000		844,725		750,000		817,500
7 1/8% Senior Notes due 2016	1,500,000		1,683,750		1,500,000		1,593,750
4 5/8% Senior Notes due 2017	900,000		940,500		—		—
7 7/8% Senior Notes due 2019	1,400,000		1,669,500		1,400,000		1,589,000
6 3/4% Senior Notes due 2021	2,000,000		2,280,000		2,000,000		2,140,000
5 7/8% Senior Notes due 2022	2,000,000		2,150,000		—		—
5 % Senior Notes due 2023	1,500,000		1,548,750		—		—
Mortgages and other notes payable	65,427		65,427		71,871		71,871
Subtotal	11,615,427		$	12,783,027	7,221,871		$	7,807,121
Capital lease obligations (2)	248,304		NA		270,893		NA
Total long-term debt and capital lease obligations (including current portion)	$	11,863,731			$	7,492,764

(1) Our 7% Senior Notes with an aggregate principal balance of $500 million mature on October 1, 2013 and have been reclassified to “Current portion of long-term debt and capital lease obligations” on our Consolidated Balance Sheets as of December 31, 2012.

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

Schedule of other long term debt and capital lease obligations

	As of December 31,
	2012			2011
	(In thousands)
Satellites and other capital lease obligations	$	248,304		$	270,893
8% note payable for EchoStar VII satellite vendor financing, payable over 13 years from launch	4,891			6,286
6% note payable for EchoStar X satellite vendor financing, payable over 15 years from launch	9,022			9,968
6% note payable for EchoStar XI satellite vendor financing, payable over 15 years from launch	14,211			15,106
6% note payable for EchoStar XIV satellite vendor financing, payable over 15 years from launch	20,053			21,055
6% note payable for EchoStar XV satellite vendor financing, payable over 15 years from launch	16,407			17,227
Mortgages and other unsecured notes payable due in installments through 2017 with interest rates ranging from approximately 2% to 13%	843			2,229
Total	313,731			342,764
Less current portion	(34,787		)	(34,630		)
Other long-term debt and capital lease obligations, net of current portion	$	278,944		$	308,134

Future minimum lease payments under capital lease obligations

Future minimum lease payments under the capital lease obligation, together with the present value of the net minimum lease payments as of December 31, 2012 are as follows (in thousands):

For the Years Ending December 31,
2013	$	82,121
2014	77,775
2015	75,970
2016	75,970
2017	75,970
Thereafter	238,299
Total minimum lease payments	626,105
Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments	(288,999		)
Net minimum lease payments	337,106
Less: Amount representing interest	(88,802		)
Present value of net minimum lease payments	248,304
Less: Current portion	(28,674		)
Long-term portion of capital lease obligations	$	219,630