| 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 |
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|
|
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 |
|