v2.4.0.8

SCHEDULE I - Parent Company Information

12 Months Ended

Dec. 31, 2013

SCHEDULE I - Parent Company Information

SCHEDULE I - Parent Company Information

ECHOSTAR CORPORATION
SCHEDULE I

Parent company only financials are provided only as of and for the years ended December 31, 2013 and 2012 because there were no restricted net assets of EchoStar that would require the filing of such parent company only financials prior to issuance of the Notes and acquisition of Hughes Communications, Inc. and its subsidiaries in June 2011.

CONDENSED BALANCE SHEETS
(Parent Company Information Only—See Notes to Consolidated Financial Statements)
(In thousands, except per share amounts)

		As of December 31,
		2013			2012
Assets
Current Assets:
Cash and cash equivalents		$	399,838		$	471,820
Marketable investment securities			869,673			773,529
Other current assets			—			16,678
​	​	​	​	​	​	​	​
Total current assets			1,269,511			1,262,027
​	​	​	​	​	​	​	​
Noncurrent Assets:
Investments in consolidated subsidiaries, including intercompany balances			1,933,533			1,819,699
Restricted cash and marketable investment securities			1,023			979
Deferred tax assets			77,664			112,619
Other intangible assets, net			39,150			56,113
Other investments			37,296			54,324
Other receivable—DISH Network			87,972			—
​	​	​	​	​	​	​	​
Total noncurrent assets			2,176,638			2,043,734
​	​	​	​	​	​	​	​
Total assets		$	3,446,149		$	3,305,761
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Liabilities and Stockholders' Equity
Current Liabilities:
Trade accounts payable—DISH Network		$	—		$	70
Accrued expenses and other			225,325			159,177
Deferred tax liabilities			2,444			3,712
​	​	​	​	​	​	​	​
Total current liabilities			227,769			162,959
​	​	​	​	​	​	​	​
Noncurrent Liabilities:
Long-term deferred revenue and other long-term liabilities			1,010			1,912
​	​	​	​	​	​	​	​
Total noncurrent liabilities			1,010			1,912
​	​	​	​	​	​	​	​
Total liabilities			228,779			164,871
​	​	​	​	​	​	​	​
Commitments and Contingencies			—			—
Stockholders' Equity:
Preferred Stock, $.001 par value, 20,000,000 shares authorized, none issued and outstanding			—			—
Class A common stock, $.001 par value, 1,600,000,000 shares authorized, 48,370,956 and 45,449,362 shares issued, and 42,838,638 and 39,917,044 shares outstanding, respectively			48			45
Class B common stock, $.001 par value, 800,000,000 shares authorized, 47,687,039 shares issued and outstanding			48			48
Class C common stock, $.001 par value, 800,000,000 shares authorized, none issued and outstanding			—			—
Class D common stock, $.001 par value, 800,000,000 shares authorized, none issued and outstanding			—			—
Additional paid-in capital			3,502,005			3,394,646
Accumulated other comprehensive income (loss)			(14,655	)		18,752
Accumulated deficit			(171,914	)		(174,439	)
Treasury stock, at cost			(98,162	)		(98,162	)
​	​	​	​	​	​	​	​
Total stockholders' equity			3,217,370			3,140,890
​	​	​	​	​	​	​	​
Total liabilities and stockholders' equity		$	3,446,149		$	3,305,761
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

ECHOSTAR CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(Parent Company Information Only—See Notes to Consolidated Financial Statements)
(In thousands)

		For the Years Ended December 31,
		2013			2012			2011
Costs and Expenses:
Selling, general and administrative expenses		$	1,598		$	1,083		$	1,762
Depreciation and amortization			16,964			16,965			15,982
​	​	​	​	​	​	​	​	​	​	​
Total costs and expenses			18,562			18,048			17,744
​	​	​	​	​	​	​	​	​	​	​
Operating loss			(18,562	)		(18,048	)		(17,744	)
​	​	​	​	​	​	​	​	​	​	​
Other Income (Expense):
Interest income and expense, net			7,197			8,874			7,105
Realized gains on marketable investment securities and other investments, net			36,280			162,257			6,518
Equity in earnings (losses) of unconsolidated affiliates, net			(12,068	)		(7,224	)		3,325
Gains on investments accounted for at fair value, net			—			—			15,871
Other, net			(598	)		46,026			—
​	​	​	​	​	​	​	​	​	​	​
Total other income, net			30,811			209,933			32,819
​	​	​	​	​	​	​	​	​	​	​
Income before income taxes and equity in earnings of consolidated subsidiaries, net			12,249			191,885			15,075
Equity in earnings (losses) of consolidated subsidiaries, net			(2,251	)		16,033			(2,010	)
Income tax benefit (provision), net			(7,473	)		3,130			(9,426	)
​	​	​	​	​	​	​	​	​	​	​
Net income		$	2,525		$	211,048		$	3,639
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Comprehensive Income (Loss):
Net income		$	2,525		$	211,048		$	3,639
​	​	​	​	​	​	​	​	​	​	​
Other comprehensive loss, net of tax:
Foreign currency translation adjustments			(15,508	)		(2,595	)		(14,095	)
Unrealized gains (losses) on AFS securities and other			18,413			30,799			(1,276	)
Recognition of previously unrealized gains on AFS securities in net income			(36,312	)		(175,223	)		(6,637	)
​	​	​	​	​	​	​	​	​	​	​
Total other comprehensive loss, net of tax			(33,407	)		(147,019	)		(22,008	)
​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss)		$	(30,882	)	$	64,029		$	(18,369	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

ECHOSTAR CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Information Only—See Notes to Consolidated Financial Statements)
(In thousands)

		For the Years Ended December 31,
		2013			2012			2011
Cash Flows from Operating Activities:
Net income		$	2,525		$	211,048		$	3,639
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization			16,964			16,965			15,982
Equity in losses (earnings) of unconsolidated affiliates, net			12,068			7,224			(3,325	)
Equity in losses (earnings) of consolidated subsidiaries, net			2,251			(16,033	)		2,010
Realized gains on marketable investment securities and other investments, net			(36,280	)		(162,257	)		(6,518	)
Gains on investments accounted for at fair value, net			—			—			(15,871	)
Deferred tax provision (benefit)			33,380			(95,982	)		(49,353	)
Changes in current assets and current liabilities, net			88,677			101,434			119,472
Changes in noncurrent assets and noncurrent liabilities, net			(88,874	)		1,912			—
Other, net			24,494			16,893			10,173
​	​	​	​	​	​	​	​	​	​	​
Net cash flows from operating activities			55,205			81,204			76,209
​	​	​	​	​	​	​	​	​	​	​
Cash Flows from Investing Activities:
Purchases of marketable investment securities			(957,142	)		(878,427	)		(1,746,577	)
Sales and maturities of marketable investment securities			857,139			931,317			1,470,904
Contributions to subsidiaries and affiliates, net			(98,387	)		(118,049	)		(135,060	)
Distribution received from investments in affiliates			—			7,500			—
Change in restricted cash and marketable investment securities			(44	)		(233	)		105
Purchase of strategic investments securities			—			—			(59,475	)
Proceeds from sale of strategic investments			—			—			697,498
Other, net			—			—			(1,596	)
​	​	​	​	​	​	​	​	​	​	​
Net cash flows from investing activities			(198,434	)		(57,892	)		225,799
​	​	​	​	​	​	​	​	​	​	​
Cash Flows from Financing Activities:
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan			71,247			15,398			28,718
Other			—			—			1,882
​	​	​	​	​	​	​	​	​	​	​
Net cash flows from financing activities			71,247			15,398			30,600
​	​	​	​	​	​	​	​	​	​	​
Net increase (decrease) in cash and cash equivalents			(71,982	)		38,710			332,608
Cash and cash equivalents, beginning of period			471,820			433,110			100,502
​	​	​	​	​	​	​	​	​	​	​
Cash and cash equivalents, end of period		$	399,838		$	471,820		$	433,110
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 06

-Article 9



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 3

-Subparagraph (SX 210.12-04)

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 12



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Article 5



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 05

-Paragraph c

-Article 7

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