Echostar corporation (SATS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Cash flows from operating activities:
Net income (loss)

-57,737

-63,094

-21,106

-5,060

15,008

-111,648

16,502

77,684

-21,171

313,814

35,201

7,122

37,352

38,930

37,410

55,909

48,443

62,402

28,358

31,013

27,598

47,468

58,437

29,614

12,030

4,849

4,637

-9,583

3,498

26,793

22,269

35,450

126,501

-12,612

-18,847

18,574

17,159

168,938

5,151

-41,477

71,746

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

132,368

129,146

149,423

155,410

154,221

153,620

150,555

148,449

145,554

142,251

134,822

130,034

126,742

124,196

123,633

120,505

126,734

129,611

132,892

132,470

133,185

140,509

142,294

140,647

133,226

127,526

124,742

128,144

126,699

117,854

110,778

114,604

114,090

129,701

128,120

71,059

57,014

56,045

58,191

57,026

57,649

Gains on investments accounted for at fair value, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,590

2,483

4,494

3,304

121,753

-21,087

-22,021

65,828

Losses (gains) on investments, net

-46,672

825

8,296

13,373

6,418

-45,633

4,850

65,347

-36,673

22,789

20,090

1,837

8,737

1,588

230

5,487

2,462

-6,261

-5,155

-6,262

9

34

-27

6

28

-843

1,754

17,967

19,463

28,115

21,216

232

127,995

-209

4,169

9,041

665

25,022

-94

-21,468

-537

Equity in losses (earnings) of unconsolidated affiliates, net

2,613

-417

-3,210

-4,754

-6,353

-3,386

416

-2,058

-1,009

1,353

4,381

4,831

5,249

2,129

5,164

6,980

-963

4,475

-2,324

-203

-53

-1,939

13,198

-1,210

-1,851

632

726

-2,477

-3,905

-5,467

-1,003

1,847

4,185

3,324

-1,047

4,575

5,008

5,149

257

-6,529

-1,690

Foreign Currency Transaction Gain (Loss), before Tax

-10,844

-

-

-

-1,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

2,384

2,233

2,287

2,205

2,628

2,219

2,661

2,345

2,765

2,934

3,261

2,952

956

3,281

3,625

3,944

4,384

5,635

5,916

6,113

4,175

4,035

3,470

3,621

3,557

4,365

3,936

5,068

4,984

224

3,747

3,696

6,918

4,506

5,016

3,561

2,981

3,004

3,241

3,059

4,242

Amortization of debt issuance costs

1,050

1,030

1,010

1,862

2,010

2,013

2,005

1,969

1,936

1,899

1,862

1,827

1,790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-4,899

-17,821

21,969

395

1,754

-15,532

6,221

2,982

2,840

4,025

-2,030

1,603

518

3,464

4,329

6,608

3,899

6,986

3,670

5,969

5,548

-22,083

4,540

11,744

10,124

-2,703

15,908

7,141

-249

4,670

1,558

1,871

6,511

1,944

-5,285

5,865

-353

-6,995

7,485

-1,373

-2,184

Deferred tax provision

-10,064

9,593

15,935

559

6,455

3,970

12,126

17,267

-7,036

-296,501

7,251

330

343

26,726

18,331

27,407

25,684

-7,289

27,166

18,384

17,871

12,969

8,261

10,490

22

-2,957

-5,958

-17,676

-9,189

2,078

4,720

-3,107

-4,766

-26,238

17,008

-1,503

1,759

73,576

15,242

23,571

-8,820

Dividend received from unconsolidated entity

-

-

-

-

-

-

-

-

-

4,000

7,500

0

7,500

0

5,000

10,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

7,664

-13,728

5,606

-19,398

19,231

-17,969

32,750

26,214

-23,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable - DISH Network

-

-

-

-

-

-

-15,061

-30,735

13,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-

-

-

-

-

-

-10,429

-2,535

2,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets, net

16,127

35,474

1,216

-7,870

10,370

-24,146

139

-5,496

10,926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts payable

-9,559

-5,031

18,405

-9,056

8,831

7,026

172

8,835

-6,471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

-3,212

-

-

-

17,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable, Related Parties

-

-

-

-

-

-

18

-2,349

-1,011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

-4,922

1,107

13,836

61,323

-9,914

-7,267

11,701

10,037

-2,288

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in noncurrent assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-99

1,705

-1,570

-

-13,426

-1,152

-1,122

Changes in current assets and current liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

13,857

-

-26,903

55,732

18,184

-

-14,155

46,159

-31,730

-

-87,724

24,877

-47,824

-

-63,127

-20,845

64,000

-

-41,706

40,471

34,183

-

6,720

45,348

-21,313

-

39,766

5,644

35,646

Non-current assets and non-current liabilities, net

5,226

-11,863

71

4,189

-5,563

-11,053

-1,077

3,218

13,982

13,501

11,711

5,760

6,003

-1,362

-5,238

529

-3,388

1,841

-163

-1,883

-1,411

-1,865

1,095

1,941

7,134

29,784

5,843

10,022

-3,999

35,223

-942

4,340

3,681

-

-

-

-

-

-

-

-

Net cash flows from operating activities

71,295

123,262

152,286

204,828

175,946

190,610

190,373

218,264

135,275

134,956

209,057

241,524

141,355

228,634

219,075

162,785

192,849

168,528

225,179

161,182

221,562

177,697

290,460

170,502

201,472

59,163

198,069

143,091

50,184

154,808

165,507

105,624

79,210

208,827

124,356

20,663

93,172

217,137

68,924

89,078

28,876

Cash flows from investing activities:
Purchases of marketable investment securities

550,891

338,104

151,001

178,707

325,557

650,164

690,160

1,070,319

562,611

535,805

273,379

628

45,905

37,959

241,930

319,466

321,892

191,039

60,261

34,269

250,861

602,842

320,995

300,114

299,563

334,615

188,657

375,456

181,709

272,416

124,483

295,353

278,902

472,981

401,080

625,875

551,508

617,540

482,193

630,590

570,308

Sales and maturities of marketable investment securities

687,579

403,142

366,597

908,815

712,666

167,238

489,587

543,042

298,596

204,345

84,808

81,159

209,923

365,445

143,090

176,886

323,889

387,641

250,355

149,450

269,588

461,240

297,611

308,321

285,985

231,241

193,898

273,314

213,577

319,569

198,149

382,276

348,754

231,919

208,752

1,051,745

488,781

533,673

463,820

613,908

642,418

Sale of investment in unconsolidated entity

-

-

-

-

-

-

-

-

-

-

0

0

-17,781

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other investments

5,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

62

139

7,156

-

-

-

-

-

-

-

-

-

-

-

-

Changes in restricted cash and marketable investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,040

1,027

662

-

-1,194

461

1,046

-150

-84

75

2,967

1,186

-6,132

-385

-7,577

2,177

3,212

-331

-299

-

-

-

-

-

-

-

-

Sale of investment in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145,632

551,866

0

15,437

-

-

-

-

Expenditures for property and equipment

104,604

103,723

95,421

107,478

111,962

139,888

167,155

119,592

128,506

160,550

192,131

128,067

102,463

188,672

156,813

141,633

235,223

223,368

228,992

179,108

177,802

245,598

164,711

156,092

113,625

127,030

106,571

85,652

72,620

141,620

93,662

163,716

114,007

115,976

138,335

83,721

39,140

48,660

44,378

71,206

32,492

Refunds and other receipts related to property and equipment

-

-

-

-

-

0

0

0

77,524

4,311

0

0

0

0

0

0

24,087

0

105,750

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenditures for externally marketed software

8,638

7,946

6,035

7,729

7,600

7,071

9,568

7,852

7,148

5,884

8,328

6,287

10,832

5,261

5,692

6,340

5,959

5,422

5,245

6,716

4,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,428

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Launch service assigned to DISH Network (Note 17)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

102,913

Purchase of strategic investments included in marketable and other investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,607

374

-

16,406

28,593

27,775

22,683

8,338

19,450

18,601

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,418

0

-2

-1,460

5,363

58

-2

-6

-5,144

-12,384

7,585

2,818

-11,893

5,334

1,022

2,889

9,811

2,179

-3,518

4,554

6,140

3,801

-6,713

-51

684

-1,031

193

200

Net cash flows from investing activities

17,946

-169,411

108,921

614,901

267,547

-744,885

-376,729

-654,721

-322,145

-493,583

-389,030

-53,823

68,504

127,620

-252,305

-293,214

-214,300

-33,810

62,743

-135,757

-168,487

-387,460

-211,597

-155,529

-133,004

-261,053

-77,446

-188,570

-43,220

-116,609

-90,837

-90,551

-48,784

-221,589

202,990

-1,755,292

-114,154

-185,486

-70,058

-106,744

123,730

Cash flows from financing activities:
Cash flows from financing activities:
Repurchase of the 2019 Senior Secured Notes

0

0

0

912,877

8,046

70,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Principal Payments

215

-

-

-

9,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of other long-term debt and finance lease obligations

-

-

-

-

-

13,255

9,347

9,049

9,368

11,276

8,676

8,982

8,736

9,749

10,182

9,891

10,542

9,501

9,068

9,727

16,508

10,359

16,404

17,831

18,528

11,812

17,706

17,257

21,450

10,368

15,154

17,023

17,477

16,483

18,098

11,893

13,019

7,001

80,236

-24,665

-12,845

Repayments of Other Debt

801

178

1,491

2,205

1,573

749

1,329

2,007

1,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from Class A common stock options exercised

150

3,194

2,640

59,456

2,047

0

360

583

3,481

2,380

1,164

5,667

26,325

8,386

1,704

660

2,315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

2,924

2,055

2,650

2,325

2,749

1,940

2,542

2,250

2,636

1,820

2,398

2,131

2,409

2,889

3,948

3,510

4,020

-6,005

5,789

6,065

8,039

8,179

6,264

8,826

5,588

11,872

13,654

25,787

19,934

5,376

3,030

5,695

1,297

1,600

3,131

9,834

14,153

1,115

736

1,639

524

Treasury share purchase

5,893

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution by non-controlling interest holder

4,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

0

0

0

0

7,313

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash exchanged for Tracking Stock (Note 1)

-

-

-

-

-

-

-

-

-

-

0

0

651

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of Tracking Stock (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

817

-155

-147

1,036

-131

9

-129

-158

-243

-1,266

-281

1,957

-1,475

4,590

-2,053

-1,018

-302

-2,407

-1,661

-335

3,521

8,647

-10,834

568

514

1,302

523

524

292

1,193

-633

29

59

454

-110

1,109

694

-

-

-

-

Net cash flows from financing activities

982

4,704

-4,303

-863,563

-22,149

-115,520

-7,903

-8,381

-4,759

-8,595

-6,784

-2,421

17,872

-205

1,487,142

-6,739

-4,509

6,928

-4,940

-117,297

-4,948

-785

-23,552

-9,053

-1,706

14,025

-3,529

9,054

-1,224

-3,799

-12,757

-11,299

-16,121

-14,657

-16,829

1,943,205

1,828

-6,541

-4,480

-23,631

-12,321

Effect of exchange rates on cash and cash equivalents

-4,809

-

-

-

-133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

1,216

-1,508

-1,699

-242

337

47

252

715

-546

-44

192

536

3,489

-5,887

2,376

-5,674

-790

-3,177

330

1,126

628

4,128

-851

56

2,750

-834

517

754

648

126

-9

-1,064

-

-

-

-

Net increase (decrease) in cash and cash equivalents

85,414

-41,609

256,372

-43,580

421,211

-668,579

-195,767

-446,537

-191,871

-366,885

-186,710

185,532

228,446

355,503

1,453,868

-136,976

-25,424

145,135

277,095

-89,496

42,453

-211,338

52,134

6,250

67,888

-187,237

121,222

-37,276

5,796

37,150

61,079

4,291

15,059

-26,771

310,643

208,567

-20,218

25,110

-5,614

-41,297

140,285

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

-

-

-

-

-

70,293

48,286

70,944

51,073

69,662

41,492

42,410

54,053

-18,732

9,831

76,737

10,476

76,779

10,518

80,969

10,848

81,819

12,073

82,262

11,933

77,875

12,031

83,513

14,912

82,480

13,040

83,354

13,737

88,464

10,574

9,698

11,716

9,863

9,962

9,774

11,422

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

21,824

-

23,293

25,072

22,021

19,473

16,766

15,084

12,485

9,104

6,981

4,480

3,209

2,241

1,016

511

200

5,860

15,176

12,863

11,598

10,966

13,503

9,224

9,050

-

-

-

-

Cash received for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,771

10,787

4,993

-

1,072

3,192

4,693

7,331

3,794

5,100

2,803

Cash paid for income taxes

-

-

-

-

-

1,840

795

1,735

839

962

702

8,334

1,035

2,513

2,988

3,613

2,586

1,209

2,175

1,402

1,608

2,611

2,899

5,224

3,487

6,981

4,071

3,390

2,286

3,196

4,662

6,292

1,648

-1,464

2,401

762

474

639

5,411

709

8,481

Employee benefits paid in Class A common stock

-

-

-

-

-

-

-

-

-

-

-

-

11,199

-

0

0

11,126

0

0

0

10,711

6

0

0

10,310

0

0

5

4,756

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment financed under capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

7,485

-

315

4,506

2,351

3,053

2,184

685

2,682

365

809

846

1,292

97

3,407

-36

1,848

54

1,808

0

28,455

171,189

9,162

8,774

9,343

8,924

382

283

47,808

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

-

-

-

-

-

-

-

-

-

-

-

-

-6,315

-

13,713

4,568

3,670

-17,420

19,228

-4,446

-4,485

7,631

-1,176

-25,212

30,193

-1,707

5,362

-18,388

5,812

47,579

6,637

-45,056

7,652

-

-

-

9,463

-

-

-

-

Capitalized in-orbit incentive obligations

-

-

-

-

-

-

-

-

-

-

-

-

31,000

-

0

0

0

-

-

-

-

-

-

-

-

0

0

0

18,000

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

299,425

-

0

0

0

-

-

-

-

-11,404

0

0

398,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,500

-

-

-

-

0

0

0

6,694

-

-

-

-

-

-

-

-

-

4,749

0

34,693