DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-38 December 31, 2008, we recorded $6 million in interest and penalty expense to earnings.
Accrued interest and penalties was $7 million at December 31, 2008.11.
Acquisition of Sling Media, Inc.  During October 2007, we acquired all remaining outstanding shares (94%) of Sling Media, Inc.  (“Sling Media”) for cash consideration of $342 million, including direct transaction costs of $8 million.
We also exchanged Sling Media employee stock options for our options to purchase approximately 342,000 of our common stock valued at approximately $16 million.
Sling Media, a leading innovator in the digitallifestyle space, was acquired to allow us to offer new products and services to our subscribers.
On January 1, 2008, Sling Media was distributed to EchoStar in the Spin-off.
This transaction was accounted for as a purchase business combination in accordance with Statement of Financial Accounting Standards No.141, “Business Combinations” (“SFAS 141”).
The purchase consideration was allocated based on the fair values of identifiable tangible and intangible assets and liabilities as follows:
## Table 0 ##
(1) Represents the elimination of our previously recorded 6% non-controlling interest in Sling Media.
(2) Includes $9 million deferred tax liability related to the acquisition intangibles.
The total $62 million of acquired intangible assets resulting from the Sling Media transaction is comprised of technology-based intangibles and trademarks totaling approximately $34 million with estimated weighted-average useful lives of seven years, reseller relationships totaling approximately $24 million with estimated weighted-average useful lives of three years and contract-based intangibles totaling approximately $4 million with estimated weighted-average useful lives of four years.
The in-process research and development costs of $22 million were expensed to general and administrative expense upon acquisition in accordance with SFAS 141.
The goodwill recorded as a result of the acquisition is not deductible for income tax purposes.
The business combination did not have a material impact on our results of operations for the year ended December 31, 2007 and would not have materially impacted our results of operations for these periods had the business combination occurred on January 1, 2007.
Further, the business combination would not have had a material impact on our results of operations for the comparable period in 2006 had the business combination occurred on January 1, 2006.
DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-36 Ciel II.
Ciel II, a Canadian DBS satellite, was launched in December 2008 and commenced commercial operation during February 2009.
This satellite is accounted for as a capital lease and depreciated over the term of the satellite service agreement.
We have leased 100% of the capacity on Ciel II for an initial 10 year term.
As of December 31, 2011 and 2010, we had $500 million capitalized for the estimated fair value of satellites acquired under capital leases included in “Property and equipment, net,” with related accumulated depreciation of $151 million and $109 million, respectively.
In our Consolidated Statements of Operations and Comprehensive Income (Loss), we recognized $43 million, $43 million and $40 million in depreciation expense on satellites acquired under capital lease agreements during the years ended December 31, 2011, 2010 and 2009, respectively.
Future minimum lease payments under the capital lease obligation, together with the present value of the net minimum lease payments as of December 31, 2011 are as follows (in thousands): For the Years Ended December 31,
## Table 1 ##
The summary of future maturities of our outstanding long-term debt as of December 31, 2011 is included in the commitments table in Note 16.12.
Income Taxes and Accounting for Uncertainty in Income Taxes Income Taxes Our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our Consolidated Balance Sheets, as well as probable operating loss, tax credit and other carryforwards.
Deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized.
We periodically evaluate our need for a valuation allowance.
Determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events, including the probability of expected future taxable income and available tax planning opportunities.
We file consolidated tax returns in the U. S.  The income taxes of domestic and foreign subsidiaries not included in the U. S.  tax group are presented in our consolidated financial statements based on a separate return basis for each tax paying entity.
As of December 31, 2011, we had no net operating loss carryforwards (“NOLs”) for federal income tax purposes and $13 million of NOL benefit for state income tax purposes.
The state NOLs begin to expire in the year 2020.
In addition, there are $5 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance and $14 million benefit of capital loss carryforwards which are fully offset by a valuation allowance.
The credit carryforwards begin to expire in the year 2012.
DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-38 Future minimum lease payments under the capital lease obligations, together with the present value of the net minimum lease payments as of December 31, 2015 are as follows (in thousands):
## Table 2 ##
The summary of future maturities of our outstanding long-term debt as of December 31, 2015 is included in the commitments table in Note 15.11.
Income Taxes and Accounting for Uncertainty in Income Taxes Income Taxes Our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our Consolidated Balance Sheets, as well as probable operating loss, tax credit and other carryforwards.
Deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized.
We periodically evaluate our need for a valuation allowance.
Determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events, including the probability of expected future taxable income and available tax planning opportunities.
We file consolidated tax returns in the U. S.  The income taxes of domestic and foreign subsidiaries not included in the U. S.  tax group are presented in our consolidated financial statements on a separate return basis for each tax paying entity.
As of December 31, 2015, we had no net operating loss carryforwards (“NOLs”) for federal income tax purposes and $39 million of NOL benefit for state income tax purposes, which are partially offset by a valuation allowance.
The state NOLs begin to expire in the year 2017.
In addition, there are $61 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance.
The state credit carryforwards began to expire in 2015.
Other We are also vulnerable to fraud, particularly in the acquisition of new subscribers.
While we are addressing the impact of subscriber fraud through a number of actions, there can be no assurance that we will not continue to experience fraud, which could impact our subscriber growth and churn.
Economic weakness may create greater incentive for signal theft, piracy and subscriber fraud, which could lead to higher subscriber churn and reduced revenue.
Obligations and Future Capital Requirements Contractual Obligations and Off-Balance Sheet Arrangements As of December 31, 2018, future maturities of our long-term debt, capital lease and contractual obligations are summarized as follows:
## Table 3 ##
In certain circumstances the dates on which we are obligated to make these payments could be delayed.
These amounts will increase to the extent that we procure launch and/or in-orbit insurance on our satellites or contract for the construction, launch or lease of additional satellites.
The table above does not include $385 million of liabilities associated with unrecognized tax benefits that were accrued, as discussed in Note 10 in the Notes to our Consolidated Financial Statements in this Annual Report on Form 10-K, and are included on our Consolidated Balance Sheets as of December 31, 2018.
We do not expect any portion of this amount to be paid or settled within the next twelve months.
The table above does not include all potential expenses we expect to incur for our wireless projects including, among other things, our First Phase plan to deploy a next-generation 5G-capable network, focused on supporting narrowband IoT.
We currently expect expenditures for our wireless projects to be between $500 million and $1.0 billion through 2020.
We expect the Second Phase to follow once the 3GPP Release 16 is standardized and as our plans for our other spectrum holdings develop, we plan to upgrade and expand our network to full 5G to support new use cases.
We currently expect expenditures for the Second Phase to be approximately $10 billion.
See Note 14 in the Notes to our Consolidated Financial Statements in this Annual Report on Form 10-K for further information.
Other than the “Guarantees” disclosed in Note 14 in the Notes to our Consolidated Financial Statements in this Annual Report on Form 10-K, we generally do not engage in off-balance sheet financing activities.
Satellite Insurance We generally do not carry commercial launch or in-orbit insurance on any of the satellites we use, other than certain satellites leased from third parties.
We generally do not use commercial insurance to mitigate the potential financial impact of launch or in-orbit failures because we believe that the cost of insurance premiums is uneconomical relative to the risk of such failures.
We lease substantially all of our satellite capacity from third parties, including the vast majority of our transponder capacity from EchoStar, and we do not carry commercial insurance on any of the satellites we lease from them.
While we generally have had in-orbit satellite capacity sufficient to transmit our existing channels and some backup capacity to recover the transmission of certain critical programming, our backup capacity is limited.
In the event of a failure or loss of any of our owned or leased satellites, we may need to acquire or lease additional satellite capacity or relocate one of our other owned or leased satellites and use it as a replacement for the failed or lost satellite.
Free cash flow can be significantly impacted from period to period by changes in “Net income (loss)” adjusted to exclude certain non-cash charges, operating assets and liabilities, “Purchases of property and equipment,” and “Capitalized interest related to FCC authorizations.
” These items are shown in the “Net cash flows from operating activities” and “Net cash flows from investing activities” sections on our Consolidated Statements of Cash Flows included herein.
Operating asset and liability balances can fluctuate significantly from period to period and there can be no assurance that free cash flow will not be negatively impacted by material changes in operating assets and liabilities in future periods, since these changes depend upon, among other things, management’s timing of payments and control of inventory levels, and cash receipts.
In addition to fluctuations resulting from changes in operating assets and liabilities, free cash flow can vary significantly from period to period depending upon, among other things, net Pay-TV subscriber additions (losses), subscriber revenue, DISH TV subscriber churn, subscriber acquisition and retention costs including amounts capitalized under our equipment lease programs for DISH TV subscribers, operating efficiencies, increases or decreases in purchases of property and equipment, expenditures related to the commercialization of our wireless spectrum and other factors.
The following table reconciles free cash flow to “Net cash flows from operating activities.
”

<table><tr><td></td><td>Final Purchase Price Allocation (In thousands)</td></tr><tr><td>Tangible assets</td><td>$28,779</td></tr><tr><td>Prepaid compensation costs</td><td>11,844</td></tr><tr><td>Other noncurrent assets -1</td><td>-9,541</td></tr><tr><td>Acquisition intangibles</td><td>61,800</td></tr><tr><td>In-process research and development</td><td>22,200</td></tr><tr><td>Goodwill</td><td>256,917</td></tr><tr><td>Total assets acquired</td><td>$371,999</td></tr><tr><td>Current liabilities</td><td>-19,233</td></tr><tr><td>Long-term liabilities -2</td><td>-10,922</td></tr><tr><td>Net assets acquired</td><td>$341,844</td></tr></table>
<table><tr><td>2012</td><td>$84,715</td></tr><tr><td>2013</td><td>77,893</td></tr><tr><td>2014</td><td>76,296</td></tr><tr><td>2015</td><td>75,970</td></tr><tr><td>2016</td><td>75,970</td></tr><tr><td>Thereafter</td><td>314,269</td></tr><tr><td>Total minimum lease payments</td><td>705,113</td></tr><tr><td>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</td><td>-323,382</td></tr><tr><td>Net minimum lease payments</td><td>381,731</td></tr><tr><td>Less: Amount representing interest</td><td>-109,823</td></tr><tr><td>Present value of net minimum lease payments</td><td>271,908</td></tr><tr><td>Less: Current portion</td><td>-29,202</td></tr><tr><td>Long-term portion of capital lease obligations</td><td>$242,706</td></tr></table>
<table><tr><td>2016</td><td>$76,676</td></tr><tr><td>2017</td><td>75,874</td></tr><tr><td>2018</td><td>75,849</td></tr><tr><td>2019</td><td>50,320</td></tr><tr><td>2020</td><td>48,000</td></tr><tr><td>Thereafter</td><td>64,000</td></tr><tr><td>Total minimum lease payments</td><td>390,719</td></tr><tr><td>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</td><td>-186,742</td></tr><tr><td>Net minimum lease payments</td><td>203,977</td></tr><tr><td>Less: Amount representing interest</td><td>-37,485</td></tr><tr><td>Present value of net minimum lease payments</td><td>166,492</td></tr><tr><td>Less: Current portion</td><td>-30,849</td></tr><tr><td>Long-term portion of capital lease obligations</td><td>$135,643</td></tr></table>
<table><tr><td></td><td colspan="7">Payments due by period</td></tr><tr><td></td><td>Total</td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>2023</td><td>Thereafter</td></tr><tr><td></td><td colspan="7">(In thousands)</td></tr><tr><td>Long-term debt obligations</td><td>$15,957,087</td><td>$1,322,070</td><td>$1,104,503</td><td>$2,004,626</td><td>$2,004,756</td><td>$1,504,569</td><td>$8,016,563</td></tr><tr><td>Capital lease obligations</td><td>66,984</td><td>19,922</td><td>19,166</td><td>20,645</td><td>7,251</td><td>—</td><td>—</td></tr><tr><td>Interest expense on long-term debt and capital lease obligations</td><td>4,247,370</td><td>889,686</td><td>759,850</td><td>662,942</td><td>594,458</td><td>438,488</td><td>901,946</td></tr><tr><td>Satellite-related obligations</td><td>887,386</td><td>311,374</td><td>236,913</td><td>206,111</td><td>124,668</td><td>8,320</td><td>—</td></tr><tr><td>Operating lease obligations</td><td>162,335</td><td>38,561</td><td>25,482</td><td>20,915</td><td>16,208</td><td>10,371</td><td>50,798</td></tr><tr><td>Purchase obligations</td><td>1,392,861</td><td>1,296,580</td><td>48,966</td><td>29,284</td><td>18,031</td><td>—</td><td>—</td></tr><tr><td>Total</td><td>$22,714,023</td><td>$3,878,193</td><td>$2,194,880</td><td>$2,944,523</td><td>$2,765,372</td><td>$1,961,748</td><td>$8,969,307</td></tr></table>

Question: What's the total value of all Payments due by period that are smaller than 900000 in 2019? (in thousand)
Answer: 1259543