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Debt and Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2012
Debt and Capital Lease Obligations.  
Schedule of carrying amounts and fair values of the entity's debt

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

2012

 

2011

 

 

 

Interest

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Rates

 

Amount

 

Value

 

Amount

 

Value

 

 

 

 

 

(In thousands)

 

Senior Secured Notes

 

6.500%

 

$

1,100,000

 

$

1,210,000

 

$

1,100,000

 

$

1,138,500

 

Senior Notes

 

7.625%

 

900,000

 

1,026,450

 

900,000

 

936,000

 

Other

 

5.50 - 15.75%

 

2,041

 

2,041

 

1,036

 

1,036

 

Subtotal

 

 

 

2,002,041

 

$

2,238,491

 

2,001,036

 

$

2,075,536

 

Capital lease obligations (1)

 

 

 

486,458

 

 

 

527,618

 

 

 

Total debt and capital lease obligations

 

 

 

 

2,488,499

 

 

 

 

2,528,654

 

 

 

Less: Current portion

 

 

 

(67,706

)

 

 

(64,474

)

 

 

Long-term portion of debt and capital lease obligations

 

 

 

$

2,420,793

 

 

 

$

2,464,180

 

 

 

 

(1)         Disclosure regarding fair value of capital leases is not required.

Future minimum lease payments under capital lease obligations

 

 

 

 

Amount

 

 

 

(In thousands)

 

For the Years Ending December 31,

 

 

 

2013

 

$

148,937

 

2014

 

153,947

 

2015

 

87,899

 

2016

 

87,682

 

2017

 

87,711

 

Thereafter

 

514,015

 

Total minimum lease payments

 

1,080,191

 

Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments

 

(313,000

)

Net minimum lease payments

 

767,191

 

Less: Amount representing interest

 

(280,733

)

Present value of net minimum lease payments

 

486,458

 

Less: Current portion

 

(66,048

)

Long-term portion of capital lease obligations

 

$

420,410