Echostar corporation (SATS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Cash flows from operating activities:
Net income (loss)

-74,252

-38,633

393,489

180,692

149,371

147,549

3,401

211,013

4,274

204,358

364,704

-958,188

Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization

588,200

598,178

533,849

495,068

528,158

556,676

507,111

457,326

385,894

228,911

244,129

264,197

Gains on investments accounted for at fair value, net

-

-

-

-

-

-

-

-

15,871

144,473

313,000

-317,994

Loss from partial redemption of debt

-

-

-

-

-5,044

0

-

-

-

-

-

-

Losses (gains) on investments, net

28,912

-12,109

53,453

9,767

-17,669

41

38,341

177,558

13,666

2,923

119,461

-89,795

Impairment of long-lived assets

0

65,200

10,762

0

2,400

0

38,415

32,765

32,964

-

-

612,745

Equity in losses (earnings) of unconsolidated affiliates, net

-14,734

-6,037

15,814

13,310

1,895

8,198

-5,024

-438

11,860

-2,813

-5,517

-7,176

Foreign Currency Transaction Gain (Loss), before Tax

-11,590

-15,583

1,218

-

-

-

-

-

-

-

-

-

Stock-based compensation

9,353

9,990

10,103

15,234

21,839

14,683

18,353

14,585

16,064

13,546

13,371

23,605

Amortization of debt issuance costs

5,912

7,923

7,378

6,551

-

-

-

-

-

-

-

-

Other, net

6,297

-3,489

4,116

18,300

22,173

4,325

20,097

14,610

2,171

-3,067

12,584

26,352

Deferred tax provision

32,542

26,327

-288,577

98,148

56,132

31,742

-35,780

-1,075

-8,974

103,569

45,344

-162,011

Dividend received from unconsolidated entity

2,716

10,000

19,000

15,000

5,000

7,400

-

-

-

-

-

-

Proceeds from sale of trading securities

0

0

8,922

7,140

380

17,053

-

-

-

-

-

-

Changes in assets and liabilities, net:
Trade accounts receivable and contract assets, net

-8,289

17,842

-421

26,942

38,452

17,073

-42,580

-1,357

9,139

-40,623

52,797

7,861

Allowance for doubtful accounts

-

-

-

-

-

-

-2,995

-1,590

10,841

2,039

1,576

-7,130

Trade accounts receivable - DISH Network

-

-

-

1,456

25,490

-104,051

77,790

56,735

-8,145

-32,544

-27,088

297,629

Inventory

-

-

-

4,814

4,906

-2,608

-16,529

16,109

-21,488

-22,581

6,521

15,493

Other current assets, net

39,190

-18,577

-200,584

-2,263

-6,499

-9,930

-5,182

-10,447

-35,681

61,862

1,376

-47,679

Trade accounts payable

13,149

9,562

-78,419

-24,571

37,228

-22,230

-76,497

65,577

-12,193

-33,404

-15,255

164,304

Contract liabilities

26,376

7,867

5,322

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable, Related Parties

-

-

-

-19,650

-7,792

-26,508

28,783

10,597

2,219

-24,192

16,777

21,570

Accrued expenses and other current liabilities

66,352

12,183

7,402

55,998

1,477

26,469

38,085

-18,197

-3,078

3,237

8,701

65,617

Change in noncurrent assets

-

-

-

-

-

-

-

-

-

-

6,785

36,230

Non-current assets and non-current liabilities, net

-13,166

5,070

36,975

-9,459

-1,616

8,305

41,650

42,302

-2,058

-19,715

-

-

Net cash flows from operating activities

656,322

734,522

726,892

803,343

776,451

840,131

450,507

505,149

447,018

404,015

196,276

118,048

Cash flows from investing activities:
Purchases of marketable investment securities

993,369

2,973,254

855,717

921,247

536,430

1,523,514

1,080,437

971,154

2,051,444

2,300,631

2,050,495

3,069,716

Sales and maturities of marketable investment securities

2,391,220

1,498,463

580,235

1,009,310

1,057,034

1,353,157

912,030

1,248,748

1,981,197

2,253,819

2,273,523

2,842,567

Sale of investment in unconsolidated entity

-

-

-

0

0

-

-

-

-

-

-

-

Purchase of other investments

-

-

-

-

-

-

-

2,608

73,047

-

-

-

Launch service assigned to DISH Network

-

-

-

-

-

-

-

-

-

102,913

-

-

Changes in restricted cash and marketable investment securities

-

-

-

-

-

2,808

-12,908

4,759

1,624

-577

-15,009

-

Investments in unconsolidated affiliates

2,149

115,991

0

1,636

64,655

18,569

-

-

-

-

-

-

Distribution received from investment in affiliates

-

-

-

-

-

-

-

7,500

-

-

-

-

Investment in Move Networks

-

-

-

-

-

-

-

-

-

44,991

-

-

Sale of investment in unconsolidated affiliates

0

1,558

17,781

-

-

-

-

-

712,935

15,609

-

-

Proceeds from Equity Method Investment, Distribution, Return of Capital

2,284

0

0

-

-

-

-

-

-

-

-

-

Purchase of other investments

93,687

0

0

-

-

-

-

-

-

-

-

-

Expenditures for property and equipment

418,584

555,141

583,211

722,341

809,270

680,026

391,873

513,005

377,172

196,736

213,921

229,870

Refunds and other receipts related to property and equipment

0

77,524

4,311

24,087

105,750

0

-

-

-

-

-

-

Proceeds from asset transfer to DISH Network

-

-

-

-

-

-

40,398

-

-

-

-

-

Capital contribution to Sling TV Holding

-

-

-

-

-

-

7,000

-

-

-

-

-

Expenditures for externally marketed software

29,310

31,639

31,331

23,252

22,327

22,955

17,215

-

-

-

-

-

Acquisition of Hughes Communications, net of cash acquired of $98,900

-

-

-

-

-

-

-

-

2,075,713

-

-

-

Payments to Acquire Intangible Assets

34,447

0

0

-

-

0

41,748

98,477

-

-

-

-

Proceeds from insurance settlement

-

-

-

-

-

-

-

-

-

-

-

40,750

Purchase of strategic investments included in marketable and other investment securities

-

-

-

-

-

-

-

-

-

69,072

114,164

148,736

Other, net

-

-

-

-2,880

5,413

-7,125

-2,648

13,026

3,177

46

-5,788

4,737

Net cash flows from investing activities

821,958

-2,098,480

-867,932

-632,199

-275,311

-887,590

-570,289

-346,781

-1,888,045

-238,558

-114,278

-569,742

Cash flows from financing activities:
Cash flows from financing activities:
Proceeds from issuance of long-term debt

-

-

-

1,500,000

0

0

-

-

2,000,000

-

-

-

Payments of Debt Issuance Costs

-

-

-

7,097

0

0

-

-

57,825

-

-

-

Repurchase of the 2019 Senior Secured Notes

920,923

70,173

0

0

113,300

0

-

-

-

-

-

-

Repayment of other long-term debt and finance lease obligations

29,347

41,019

37,670

40,364

44,804

63,122

68,225

60,022

59,493

49,727

55,644

-47,217

Repayments of Other Debt

5,447

5,350

5,487

5,499

-

-

-

-

-

-

-

-

Net proceeds from Class A common stock options exercised

67,337

4,424

35,536

13,065

24,841

-

-

-

-

-

-

-

Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan

9,779

9,368

8,758

14,367

13,888

28,857

71,247

15,398

28,718

4,014

2,021

6,276

Contribution of cash and cash equivalents from DISH Network in connection with the Spin-off

-

-

-

-

-

-

-

-

-

-

-

544,065

Treasury share purchase

0

33,292

0

0

-

-

-

-

-

605

29,512

68,045

Purchase of non-controlling interest

7,313

0

0

-

-

-

-

-

-

-

-

-

Cash exchanged for Tracking Stock (Note 1)

-

-

-

0

0

-

-

-

-

-

-

-

Net proceeds from issuance of Tracking Stock (Note 4)

-

-

-

-

-

7,526

-

-

-

-

-

-

Excess tax benefit from stock option exercises

-

-

-

-

-

-7,252

12,663

-

-

-

-

-

Other, net

603

-521

-1,065

1,217

-882

-1,105

2,641

648

2,147

-655

-

-

Net cash flows from financing activities

-885,311

-136,563

72

1,475,689

-120,257

-35,096

18,326

-43,976

1,913,547

-46,973

-83,135

435,079

Effect of exchange rates on cash and cash equivalents

-575

-2,233

1,351

138

-5,696

-2,511

3,961

3,187

-299

-

-

-

Net increase (decrease) in cash and cash equivalents

592,394

-1,502,754

-139,617

1,646,971

375,187

-85,066

-97,495

117,579

472,221

118,484

-1,137

-16,615

Supplemental disclosure of cash flow information:
Cash paid for interest (including capitalized interest)

195,331

240,596

207,617

78,312

179,114

188,087

188,331

192,611

120,452

41,021

31,767

31,812

Capitalized interest

-

-

-

-

63,808

23,774

3,968

45,497

42,743

25,812

-

-

Cash received for interest

-

-

-

-

-

-

-

-

-

19,028

11,717

23,470

Cash paid for income taxes

3,575

5,209

11,033

11,700

6,394

14,221

16,728

15,798

2,173

15,240

31,500

47,758

Employee benefits paid in Class A common stock

-

-

-

-

10,711

10,316

4,761

4,282

4,046

3,856

-1,391

-

Launch service assigned to DISH Network (Note 17)

-

-

-

-

-

-

-

-

-

-

102,913

-

Property and equipment financed under capital lease obligations

-

-

-

-

8,604

3,312

5,316

30,317

198,468

57,397

155,574

16,531

Increase (decrease) in capital expenditures included in accounts payable, net

-

-

-

-

-7,123

11,436

-8,921

16,812

26,330

7,272

-

-

Transfer of EchoStar 105/SES-11 payloads to SES in exchange for receivable

-

-

-

-

0

-

-

-

-

-

-

-

Capitalized in-orbit incentive obligations

-

-

-

-

0

-

18,000

24,950

-

-

-

-

Non-cash net assets exchanged for Tracking Stock (Note 1)

-

-

-

-

0

386,691

-

-

-

-

-

-

Noncash assets contributed to SmarDTV (Note 6)

-

-

-

-

-

0

-

-

-

-

-

-

Noncash assets received from Sling TV Holding (Note 6)

-

-

-

-

-

34,075

-

-

-

-

-

-

Reduction of capital lease obligations and associated asset value

-

-

-

-

-

-

-

-

20,214

39,442

-

-

Reduction of capital lease obligation for AMC-15 and AMC-16 satellites

-

-

-

-

-

0

6,694

12,599

6,616

-

-

-

Liabilities assumed in regulatory authorization acquisition

-

-

-

-

-

-

10,304

-

-

-

-

-

Contribution of assets to Dish Digital

-

-

-

-

-

-

-

44,712

-

-

-

1,533,485