Quarterly report pursuant to Section 13 or 15(d)

Interest Costs

v2.4.0.8
Interest Costs
9 Months Ended
Sep. 30, 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 related launch vehicle and will continue to do so until the satellite is placed into operation. We also incur interest costs on our debt instruments and on our satellite incentive agreements. The following is a summary of our interest costs:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Interest costs charged to expense
$
54,629

 
$
70,035

 
$
150,531

 
$
219,777

Interest costs capitalized
7,915

 
8,005

 
23,923

 
24,087

Total interest costs incurred
$
62,544

 
$
78,040

 
$
174,454

 
$
243,864



Included in interest costs incurred is non-cash interest expense, consisting of amortization related to original issue discounts, premiums and deferred financing fees of $5,574 and $9,755 for the three months ended September 30, 2013 and 2012, respectively, and $16,506 and $30,786 for the nine months ended September 30, 2013 and 2012, respectively.