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Hughes Retail Group Tracking Stock (Tables)
3 Months Ended
Mar. 31, 2014
Hughes Retail Preferred Tracking Stock  
Schedule of carrying amounts of net assets transferred from DISH Network to EchoStar and HSS

 

 

 

EchoStar(1)

 

HSS

 

Total

 

 

 

(In thousands)

 

Cash

 

$

 

$

11,404

 

$

11,404

 

Property and equipment, net

 

349,243

 

82,837

 

432,080

 

Current liabilities

 

(3,479

)

(3,076

)

(6,555

)

Noncurrent liabilities

 

(30,121

)

(8,713

)

(38,834

)

Transferred net assets

 

$

315,643

 

$

82,452

 

$

398,095

 

 

(1)         All of the net assets received by EchoStar as part of the Satellite and Tracking Stock Transaction were immediately transferred to HSS and are being used by our EchoStar Satellite Services segment.

Schedule of net amounts credited to stockholders' equity

 

EchoStar

 

Noncontrolling

 

 

 

 

 

Stockholders

 

Interest

 

Total

 

 

 

(In thousands)

 

Transferred net assets

 

$

315,643

 

$

82,452

 

$

398,095

 

Offering costs, net of tax

 

(2,302

)

(610

)

(2,912

)

Deferred income taxes

 

(114,525

)

(29,971

)

(144,496

)

Reallocation based on relative liquidation values

 

(35,300

)

35,300

 

 

Net increase in stockholders’ equity

 

$

163,516

 

$

87,171

 

$

250,687