Long-Term Debt and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Long-Term Debt and Finance Lease Obligations

Schedule of carrying and fair values of the entity's debt facilities

		As of December 31,
		2023				2022
	Issuer	Carrying Amount		Fair Value		Carrying Amount		Fair Value
		(In thousands)
5% Senior Notes due 2023 (1)	DDBS	$	—	$	—	$	1,443,179	$	1,441,635
5 7/8% Senior Notes due 2024 (2)	DDBS		1,982,544		1,872,275		2,000,000		1,870,940
7 3/4% Senior Notes due 2026	DDBS		2,000,000		1,388,060		2,000,000		1,620,280
5 1/4% Senior Secured Notes due 2026	DDBS		2,750,000		2,366,073		2,750,000		2,336,813
7 3/8% Senior Notes due 2028	DDBS		1,000,000		600,160		1,000,000		708,320
5 3/4% Senior Secured Notes due 2028	DDBS		2,500,000		2,013,125		2,500,000		2,013,675
5 1/8% Senior Notes due 2029	DDBS		1,500,000		774,600		1,500,000		976,755
Other notes payable			42,678		42,678		18,329		18,329
Subtotal			11,775,222	$	9,056,971		13,211,508	$	10,986,747
Unamortized deferred financing costs and debt discounts, net			(26,812)				(35,206)
Finance lease obligations (3)			31,104				69,206
Total long-term debt and finance lease obligations (including current portion)		$	11,779,514			$	13,245,508

(1) We had repurchased or redeemed the principal balance of our 5% Senior Notes due 2023 as of March 15, 2023, the instrument’s maturity date.

(2) During the year ended December 31, 2023, we repurchased approximately $17 million of our 5 7/8% Senior Notes due 2024 in open market trades. The remaining balance of approximately $1.983 billion matures on November 15, 2024 and is included in “Current portion of long-term debt and finance lease obligations” on our Consolidated Balance Sheets as of December 31, 2023.

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

Schedule of interest on long-term debt

		Annual
	Semi-Annual	Debt Service
	Payment Dates	Requirements
		(In thousands)
5 7/8% Senior Notes due 2024 (1)	May 15 and November 15	$	117,500
7 3/4% Senior Notes due 2026	January 1 and July 1	$	155,000
5 1/4% Senior Secured Notes due 2026	June 1 and December 1	$	144,375
7 3/8% Senior Notes due 2028	January 1 and July 1	$	73,750
5 3/4% Senior Secured Notes due 2028	June 1 and December 1	$	143,750
5 1/8% Senior Notes due 2029	June 1 and December 1	$	76,875

(1) Our 5 7/8% Senior Notes due 2024 mature on November 15, 2024 and have been reclassified to “Current portion of long-term debt and finance lease obligations” on our Consolidated Balance Sheets as of December 31, 2023.

Schedule of other long term debt and capital lease obligations

	As of December 31,
	2023		2022
	(In thousands)
Satellites and other finance lease obligations	$	31,104	$	69,206
Notes payable related to satellite vendor financing and other debt payable in installments through 2031 with interest rates ranging from approximately 4.0% to 6.0%		42,678		18,329
Total		73,782		87,535
Less: current portion		(41,432)		(40,922)
Other long-term debt and finance lease obligations, net of current portion	$	32,350	$	46,613