Long-Term Debt and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt and Finance Lease Obligations

Schedule of carrying amount and fair value of our debt facilities

	As of
	December 31, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
5 7/8% Senior Notes due 2022 (1)	$	—	$	—	$	2,000,000	$	2,039,700
5% Senior Notes due 2023 (2)		1,443,179		1,441,635		1,500,000		1,541,670
2 3/8% Convertible Notes due 2024		1,000,000		906,970		1,000,000		966,990
5 7/8% Senior Notes due 2024		2,000,000		1,870,940		2,000,000		2,060,180
0% Convertible Notes due 2025		2,000,000		1,287,540		2,000,000		2,016,880
7 3/4% Senior Notes due 2026		2,000,000		1,620,280		2,000,000		2,122,700
3 3/8% Convertible Notes due 2026		3,000,000		1,894,230		3,000,000		2,844,030
5 1/4% Senior Secured Notes due 2026		2,750,000		2,336,813		2,750,000		2,792,900
11 3/4% Senior Secured Notes due 2027 (3)		2,000,000		2,071,240		—		—
7 3/8% Senior Notes due 2028		1,000,000		708,320		1,000,000		1,017,060
5 3/4% Senior Secured Notes due 2028		2,500,000		2,013,675		2,500,000		2,520,650
5 1/8% Senior Notes due 2029		1,500,000		976,755		1,500,000		1,365,645
Other notes payable		138,303		138,303		137,069		137,069
Subtotal		21,331,482	$	17,266,700		21,387,069	$	21,425,474
Unamortized deferred financing costs and other debt discounts, net		(105,697)				(69,711)
Finance lease obligations (4)		123,353				99,658
Total long-term debt and finance lease obligations (including current portion)	$	21,349,138			$	21,417,016

(1) As of July 15, 2022, we had repurchased or redeemed the principal balance of our 5 7/8% Senior Notes due 2022.

(2) During the year ended December 31, 2022, we repurchased approximately $57 million of our 5% Senior Notes due 2023 in open market trades. The remaining balance of approximately $1.443 billion matures on March 15, 2023. Our 5% Senior Notes due 2023 have been reclassified to “Current portion of long-term debt and finance lease obligations” on our Consolidated Balance Sheets as of December 31, 2022.

(3) On January 26, 2023, we issued an additional $1.5 billion aggregate principal amount of our 11 3/4% Senior Secured Notes due November 15, 2027.

(4) 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% Senior Notes due 2023 (1)	March 15 and September 15	$	75,000
2 3/8% Convertible Notes due 2024	March 15 and September 15	$	23,750
5 7/8% Senior Notes due 2024	May 15 and November 15	$	117,500
7 3/4% Senior Notes due 2026	January 1 and July 1	$	155,000
3 3/8% Convertible Notes due 2026	February 15 and August 15	$	101,250
5 1/4% Senior Secured Notes due 2026	June 1 and December 1	$	144,375
11 3/4% Senior Secured Notes due 2027 (2)	May 15 and November 15	$	411,250
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% Senior Notes due 2023 mature on March 15, 2023 and have been reclassified to “Current portion of long-term debt and finance lease obligations” on our Consolidated Balance Sheets as of December 31, 2022.

(2) Includes $1.5 billion aggregate principal amount of our 11 3/4% Senior Secured Notes due November 15, 2027 issued January 26, 2023.

Schedule of other long term debt and capital lease obligations

	As of December 31,
	2022		2021
	(In thousands)
Satellites and other finance lease obligations	$	123,353	$	99,658
Notes payable related to satellite vendor financing and other debt payable in installments through 2032 with interest rates ranging from approximately 0% to 11.4%		138,303		137,069
Total		261,656		236,727
Less: current portion		(104,011)		(61,810)
Other long-term debt and finance lease obligations, net of current portion	$	157,645	$	174,917