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Long-Term Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Long-Term Debt    
Schedule of carrying and fair values of the entity's debt facilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of 

 

 

 

June 30, 2016

 

December 31, 2015

 

 

    

Carrying
Amount

    

Fair Value

    

Carrying
Amount

    

Fair Value

 

 

 

(In thousands)

 

7 1/8% Senior Notes due 2016 (1)

 

$

 —

 

$

 —

 

$

1,500,000

 

$

1,506,750

 

4 5/8% Senior Notes due 2017

 

 

900,000

 

 

914,211

 

 

900,000

 

 

922,770

 

4 1/4% Senior Notes due 2018

 

 

1,200,000

 

 

1,235,172

 

 

1,200,000

 

 

1,207,560

 

7 7/8% Senior Notes due 2019

 

 

1,400,000

 

 

1,550,500

 

 

1,400,000

 

 

1,525,440

 

5 1/8% Senior Notes due 2020

 

 

1,100,000

 

 

1,133,000

 

 

1,100,000

 

 

1,100,000

 

6 3/4% Senior Notes due 2021

 

 

2,000,000

 

 

2,086,240

 

 

2,000,000

 

 

2,021,020

 

5 7/8% Senior Notes due 2022

 

 

2,000,000

 

 

1,962,500

 

 

2,000,000

 

 

1,889,780

 

5 % Senior Notes due 2023

 

 

1,500,000

 

 

1,376,775

 

 

1,500,000

 

 

1,297,500

 

5 7/8% Senior Notes due 2024

 

 

2,000,000

 

 

1,909,000

 

 

2,000,000

 

 

1,765,000

 

7 3/4% Senior Notes due 2026

 

 

2,000,000

 

 

2,066,260

 

 

 —

 

 

 —

 

Other notes payable

 

 

13,686

 

 

13,686

 

 

13,686

 

 

13,686

 

Subtotal

 

 

14,113,686

 

$

14,247,344

 

 

13,613,686

 

$

13,249,506

 

Unamortized deferred financing costs and debt discounts, net

 

 

(44,779)

 

 

 

 

 

(41,563)

 

 

 

 

Capital lease obligations (2)

 

 

151,891

 

 

 

 

 

166,492

 

 

 

 

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

 

$

14,220,798

 

 

 

 

$

13,738,615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

On February 1, 2016, we redeemed the principal balance of our 7 1/8% Senior Notes due 2016.

(2)

Disclosure regarding fair value of capital leases is not required.

 

 

As of December 31, 

 

 

 

2015

 

2014

 

 

 

Carrying
Value

    

Fair Value

    

Carrying
Value

    

Fair Value

 

 

 

(In thousands)

 

7 3/4% Senior Notes due 2015 (1)

 

$

 —

 

$

 —

 

$

650,001

 

$

664,321

 

7 1/8% Senior Notes due 2016 (2)

 

 

1,500,000

 

 

1,506,750

 

 

1,500,000

 

 

1,580,625

 

4 5/8% Senior Notes due 2017

 

 

900,000

 

 

922,770

 

 

900,000

 

 

933,750

 

4 1/4% Senior Notes due 2018

 

 

1,200,000

 

 

1,207,560

 

 

1,200,000

 

 

1,245,600

 

7 7/8% Senior Notes due 2019

 

 

1,400,000

 

 

1,525,440

 

 

1,400,000

 

 

1,589,700

 

5 1/8% Senior Notes due 2020

 

 

1,100,000

 

 

1,100,000

 

 

1,100,000

 

 

1,100,000

 

6 3/4% Senior Notes due 2021

 

 

2,000,000

 

 

2,021,020

 

 

2,000,000

 

 

2,157,500

 

5 7/8% Senior Notes due 2022

 

 

2,000,000

 

 

1,889,780

 

 

2,000,000

 

 

2,055,000

 

5 % Senior Notes due 2023

 

 

1,500,000

 

 

1,297,500

 

 

1,500,000

 

 

1,470,000

 

5 7/8% Senior Notes due 2024

 

 

2,000,000

 

 

1,765,000

 

 

2,000,000

 

 

2,019,800

 

Other notes payable

 

 

13,686

 

 

13,686

 

 

14,701

 

 

14,701

 

Subtotal

 

 

13,613,686

 

$

13,249,506

 

 

14,264,702

 

$

14,830,997

 

Unamortized deferred financing costs and debt discounts, net

 

 

(41,563)

 

 

 

 

 

(51,473)

 

 

 

 

Capital lease obligations (3)

 

 

166,492

 

 

 

 

 

194,669

 

 

 

 

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

 

$

13,738,615

 

 

 

 

$

14,407,898

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

On June 1, 2015, we redeemed the principal balance of our 7 3/4% Senior Notes due 2015.

(2)

On February 1, 2016, we redeemed the principal balance of our 7 1/8% Senior Notes due 2016.

(3)

Disclosure regarding fair value of capital leases is not required.