Debt and Finance Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Debt and Finance Lease Obligations

Schedule of carrying amount and fair value of our debt facilities

		As of
		September 30, 2024				December 31, 2023
	Issuer	Carrying Amount		Fair Value		Carrying Amount		Fair Value
		(In thousands)
Current:
2 3/8% Convertible Notes due 2024 (1)	DISH	$	—	$	—	$	951,168	$	944,034
5 7/8% Senior Notes due 2024	DDBS		1,982,544		1,978,559		1,982,544		1,872,275
Term Loan due 2025 (2)	DBS SubscriberCo		500,000		500,000		—		—
Long-Term:
0% Convertible Notes due 2025	DISH		1,957,197		1,702,761		1,957,197		1,228,141
7 3/4% Senior Notes due 2026	DDBS		2,000,000		1,718,660		2,000,000		1,388,060
3 3/8% Convertible Notes due 2026	DISH		2,908,799		2,367,035		2,908,801		1,570,753
5 1/4% Senior Secured Notes due 2026	DDBS		2,750,000		2,536,875		2,750,000		2,366,073
11 3/4% Senior Secured Notes due 2027	DISH		3,500,000		3,683,750		3,500,000		3,668,980
7 3/8% Senior Notes due 2028	DDBS		1,000,000		729,150		1,000,000		600,160
5 3/4% Senior Secured Notes due 2028	DDBS		2,500,000		2,200,000		2,500,000		2,013,125
5 1/8% Senior Notes due 2029	DDBS		1,500,000		981,000		1,500,000		774,600
Term Loan due 2029 (2)	DBS SubscriberCo		1,800,000		1,800,000		—		—
Mandatorily Redeemable Preferred Shares due 2029 (2) (3)	DBS SubscriberCo		200,000		200,000		—		—
DISH 2021 Intercompany Loan 2026 Tranche (4)	Intercompany		4,767,289		4,767,289		—		—
Subtotal			27,365,829		25,165,079		21,049,710		16,426,201
Other notes payable			63,297		63,297		113,564		113,564
Unamortized deferred financing costs and other debt discounts, net			(189,909)		—		(67,215)		—
Finance lease obligations (5)			74,009		—		123,658		—
Total long-term debt, finance lease and other obligations (including current portion)		$	27,313,226	$	25,228,376	$	21,219,717	$	16,539,765

(1) We repurchased or redeemed the principal balance of our 2 3/8% Convertible Notes due 2024 as of March 15, 2024, the instrument’s maturity date.

(2) See “New DISH DBS Financing” below for further information.

(3) Due to the mandatory redemption feature of this instrument, it is considered a debt instrument.

(4) In January 2024, DISH DBS assigned the DISH 2021 Intercompany Loan 2026 Tranche of $4.7 billion to EchoStar Intercompany Receivable Company L.L.C., our parent, EchoStar’s, direct wholly-owned subsidiary, such that amounts owed in respect of the DISH 2021 Intercompany Loan 2026 Tranche will now be paid by us to EchoStar Intercompany Receivable L.L.C. The DISH 2021 Intercompany Loan 2026 Tranche was previously eliminated in consolidation and held by DISH DBS. The DISH 2021 Intercompany Loan 2026 Tranche is not publicly traded and therefore the carrying value is the fair value.

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