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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2014
Long-Term Debt  
Schedule of carrying and fair values of the entity's debt facilities

 

 

 

 

As of

 

 

 

March 31, 2014

 

December 31, 2013

 

 

 

Carrying

 

 

 

Carrying

 

 

 

 

 

Value

 

Fair Value

 

Value

 

Fair Value

 

 

 

(In thousands)

 

6 5/8% Senior Notes due 2014 (1)

 

$

1,000,000

 

$

1,026,880

 

$

1,000,000

 

$

1,040,200

 

7 3/4% Senior Notes due 2015

 

750,000

 

804,563

 

750,000

 

813,750

 

7 1/8% Senior Notes due 2016

 

1,500,000

 

1,642,500

 

1,500,000

 

1,657,500

 

4 5/8% Senior Notes due 2017

 

900,000

 

957,600

 

900,000

 

946,962

 

4 1/4% Senior Notes due 2018

 

1,200,000

 

1,253,400

 

1,200,000

 

1,221,792

 

7 7/8% Senior Notes due 2019

 

1,400,000

 

1,659,700

 

1,400,000

 

1,603,000

 

5 1/8% Senior Notes due 2020

 

1,100,000

 

1,144,121

 

1,100,000

 

1,104,950

 

6 3/4% Senior Notes due 2021

 

2,000,000

 

2,249,500

 

2,000,000

 

2,122,500

 

5 7/8% Senior Notes due 2022

 

2,000,000

 

2,143,400

 

2,000,000

 

1,997,500

 

5 % Senior Notes due 2023

 

1,500,000

 

1,507,200

 

1,500,000

 

1,458,090

 

Mortgages and other notes payable (2)

 

15,656

 

15,656

 

59,313

 

59,313

 

Subtotal

 

13,365,656

 

$

14,404,520

 

13,409,313

 

$

14,025,557

 

Capital lease obligations (3)

 

213,208

 

NA

 

219,902

 

NA

 

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

 

$

13,578,864

 

 

 

$

13,629,215

 

 

 

 

(1)         Our 6 5/8% Senior Notes with an aggregate principal balance of $1.0 billion mature on October 1, 2014.

(2)         On February 20, 2014, we entered into the Satellite and Tracking Stock Transaction, which resulted in a decrease in “Mortgages and other notes payable” of $44 million related to the in-orbit incentive obligations associated with the Transferred Satellites.  See Note 1 and Note 10 for further discussion.

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