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Investment Securities (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of marketable investment securities, restricted cash and cash equivalent, and other investment securities

	As of December 31,
	2012		2011
	(In thousands)
Marketable investment securities—current:
Corporate bonds	$	654,096	$	561,149
VRDNs	66,145		218,665
Strategic	56,288		216,090
Other	39,422		86,503
Total marketable investment securities—current	815,951		1,082,407
Restricted marketable investment securities (1)	7,529		3,939
Total	823,480		1,086,346

Restricted cash and cash equivalents (1)	21,516		20,347

Other investment securities—noncurrent:
Cost method	27,711		26,193
Equity method	155,500		114,246
Total other investment securities—noncurrent	183,211		140,439
Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	1,028,207	$	1,247,132

(1) Restricted marketable investment securities and restricted cash and cash equivalents are included in “Restricted cash and marketable investment securities” on our Consolidated Balance Sheets.

Schedule of unrealized gains (losses) on marketable investment securities

								Estimated
	Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value
	(In thousands)
As of December 31, 2012
Debt securities:
Corporate bonds	$	653,812	$	591	$	(307	)	$	654,096
VRDNs	66,145		—		—			66,145
Other (including restricted)	46,946		5		—			46,951
Equity securities - strategic	21,214		35,074		—			56,288
Total marketable investment securities	$	788,117	$	35,670	$	(307	)	$	823,480
As of December 31, 2011
Debt securities:
Corporate bonds	$	563,625	$	228	$	(2,704	)	$	561,149
VRDNs	218,665		—		—			218,665
Other (including restricted)	90,428		25		(11		)	90,442
Equity securities - strategic	33,876		182,214		—			216,090
Total marketable investment securities	$	906,594	$	182,467	$	(2,715	)	$	1,086,346

Schedule of available-for-sale securities in continuous unrealized loss position by length of time and their fair value

	As of December 31,
	2012					2011
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(In thousands)
Less than 12 months	$	275,587	$	(288	)	$	507,925	$	(2,709	)
12 months or more	12,963		(19		)	3,931		(6		)
Total	$	288,550	$	(307	)	$	511,856	$	(2,715	)

Schedule of fair value measurements

	As of December 31,
	2012						2011
	Total		Level 1		Level 2		Total		Level 1		Level 2
	(In thousands)
Cash equivalents (including restricted)	$	533,943	$	23,621	$	510,322	$	543,243	$	16,197	$	527,046
Debt securities:
Corporate bonds	$	654,096	$	—	$	654,096	$	561,149	$	—	$	561,149
VRDNs	66,145		—		66,145		218,665		—		218,665
Other (including restricted)	46,951		—		46,951		90,442		—		90,442
Equity securities - strategic	56,288		56,288		—		216,090		216,090		—
Total marketable investment securities	$	823,480	$	56,288	$	767,192	$	1,086,346	$	216,090	$	870,256

Schedule of changes in Level 3 instruments

	Amount
	(In thousands)
Balance as of December 31, 2010	$	608,955
Net realized gains included in earnings	9,194
Purchases	51,936
Issuances	27,313
Settlements	(697,398		)
Balance as of December 31, 2011	$	—

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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