XML 69 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Net income (loss) $ 499,400 $ 898,166
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 476,733 462,264
Realized and unrealized losses (gains) on investments (1,751) (11,210)
Non-cash, stock-based compensation 28,844 18,860
Deferred tax expense (benefit) 58,640 372,554
Other, net 4,047 3,265
Change in noncurrent assets 20,920 (63,244)
Change in long-term deferred revenue, distribution and carriage payments and other long-term liabilities (27,619) (13,692)
Changes in current assets and current liabilities, net 217,766 (520,616)
Net cash flows from operating activities 1,276,980 1,146,347
Cash Flows From Investing Activities:    
Purchases of marketable investment securities (1,327,003) (2,864,894)
Sales and maturities of marketable investment securities 579,056 2,513,687
Purchases of property and equipment (370,925) (401,513)
Change in restricted cash and marketable investment securities (1,262) 19,842
Proceeds from sale of strategic investments   10,000
Other (2,404) 20
Net cash flows from investing activities (1,122,538) (722,858)
Cash Flows From Financing Activities:    
Proceeds from issuance of long-term debt 1,900,000 2,000,000
Debt issuance costs (9,564) (27,167)
Repayment of long-term debt and capital lease obligations (17,954) (17,102)
Capital distribution to affiliate   (1,500,000)
Other 5,523  
Net cash flows from financing activities 1,878,005 455,731
Net increase (decrease) in cash and cash equivalents 2,032,447 879,220
Cash and cash equivalents, beginning of period 399,072 507,266
Cash and cash equivalents, end of period 2,431,519 1,386,486
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 268,627 234,693
Cash received for interest 5,932 6,133
Cash paid for income taxes 18,262 7,618
Cash paid for income taxes to DISH Network 249,214 126,903
Satellites and other assets financed under capital lease obligations   $ 3,583