Quarterly report pursuant to Section 13 or 15(d)

Interest Costs

v2.4.0.6
Interest Costs
3 Months Ended
Mar. 31, 2013
Interest Costs Disclosure [Abstract]  
Interest Costs
Interest Costs

We capitalized a portion of the interest on funds borrowed as part of the cost of constructing our satellites and related launch vehicle. We are currently capitalizing the interest associated with our FM-6 satellite and will continue to do so until its launch. We also incur interest costs on all of our debt instruments and on our satellite incentive agreements. The following is a summary of our interest costs:
 
For the Three Months Ended March 31,
 
2013
 
2012
Interest costs charged to expense
$
46,174

 
$
76,971

Interest costs capitalized
7,970

 
7,954

Total interest costs incurred
$
54,144

 
$
84,925



Included in interest costs incurred is non-cash interest expense, consisting of amortization related to original issue discounts, premiums and deferred financing fees of $5,442 and $10,647 for the three months ended March 31, 2013 and 2012, respectively.