Annual report pursuant to Section 13 and 15(d)

Interest Costs

v2.4.0.6
Interest Costs
 12 Months Ended
Dec. 31, 2011
Interest Costs Disclosure [Abstract]  
Interest Costs
(9) Interest Costs

We capitalized a portion of the interest on funds borrowed to finance the construction costs of our satellites and related launch vehicles for our FM-6 satellite for the year ended December 31, 2011 and for our FM-6 and XM-5 satellites for the years ended December 31, 2010 and 2009. 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 Years Ended December 31,  
    2011     2010     2009  

Interest costs charged to expense

   $ 304,938     $ 295,643     $ 315,668  

Interest costs capitalized

     33,522       63,880       61,201  
   

 

 

    

 

 

    

 

 

  

Total interest costs incurred

   $ 338,460     $ 359,523     $ 376,869  
   

 

 

    

 

 

    

 

 

  

Included in interest costs incurred is non-cash interest expense, consisting of amortization related to original issue discounts, premiums and deferred financing fees of $39,515, $42,841 and $43,066 for the years ended December 31, 2011, 2010 and 2009, respectively.