v3.3.1.900
Debt and Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2015
Debt and Capital Lease Obligations  
Schedule of carrying amounts and fair values of the entity's debt

 

 

 

 

 

As of December 31,

 

 

 

 

 

2015

 

2014

 

 

 

Interest

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Rates

 

Amount

 

Value

 

Amount

 

Value

 

 

 

 

 

(In thousands)

 

6 1/2% Senior Secured Notes due 2019

 

6.500%

 

$

990,000

 

$

1,071,675

 

$

1,100,000

 

$

1,177,000

 

7 5/8% Senior Unsecured Notes due 2021

 

7.625%

 

900,000

 

954,000

 

900,000

 

994,500

 

Other

 

5.5 - 13.25%

 

803

 

803

 

1,240

 

1,240

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

 

1,890,803

 

$

2,026,478

 

2,001,240

 

$

2,172,740

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital lease obligations

 

 

 

332,838

 

 

 

366,447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt and capital lease obligations

 

 

 

2,223,641

 

 

 

2,367,687

 

 

 

Less: Current portion

 

 

 

(35,698

)

 

 

(41,912

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term portion of debt and capital lease obligations

 

 

 

$

2,187,943

 

 

 

$

2,325,775

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of future minimum lease payments under capital lease obligations

 

 

Amount

 

 

 

(In thousands)

 

For the Years Ending December 31,

 

 

 

2016

 

$

94,008

 

2017

 

90,144

 

2018

 

88,182

 

2019

 

87,930

 

2020

 

87,818

 

Thereafter

 

257,999

 

 

 

 

 

Total minimum lease payments

 

706,081

 

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

 

(214,242

)

 

 

 

 

Net minimum lease payments

 

491,839

 

Less: Amount representing interest

 

(159,001

)

 

 

 

 

Present value of net minimum lease payments

 

332,838

 

Less: Current portion

 

(34,895

)

 

 

 

 

Long-term portion of capital lease obligations

 

$

297,943