Echostar corporation (SATS)
CashFlow / TTM
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)

-146,997

-74,252

-122,806

-85,198

-2,454

-38,633

386,829

405,528

334,966

393,489

118,605

120,814

169,601

180,692

204,164

195,112

170,216

149,371

134,437

164,516

163,117

147,549

104,930

51,130

11,933

3,401

25,345

42,977

88,010

211,013

171,608

130,492

113,616

4,274

185,824

209,822

149,771

204,358

0

0

0

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

566,347

588,200

612,674

613,806

606,845

598,178

586,809

571,076

552,661

533,849

515,794

504,605

495,076

495,068

500,483

509,742

521,707

528,158

539,056

548,458

556,635

556,676

543,693

526,141

513,638

507,111

497,439

483,475

469,935

457,326

469,173

486,515

442,970

385,894

312,238

242,309

228,276

228,911

0

0

0

Gains on investments accounted for at fair value, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,871

132,034

108,464

81,949

144,473

0

0

0

Losses (gains) on investments, net

-24,178

28,912

-17,546

-20,992

30,982

-12,109

56,313

71,553

8,043

53,453

32,252

12,392

16,042

9,767

1,918

-3,467

-15,216

-17,669

-11,374

-6,246

22

41

-836

945

18,906

38,341

67,299

86,761

69,026

177,558

149,234

132,187

140,996

13,666

38,897

34,634

4,125

2,923

0

0

0

Equity in losses (earnings) of unconsolidated affiliates, net

-5,768

-14,734

-17,703

-14,077

-11,381

-6,037

-1,298

2,667

9,556

15,814

16,590

17,373

19,522

13,310

15,656

8,168

985

1,895

-4,519

11,003

9,996

8,198

10,769

-1,703

-2,970

-5,024

-11,123

-12,852

-8,528

-438

8,353

8,309

11,037

11,860

13,685

14,989

3,885

-2,813

0

0

0

Foreign Currency Transaction Gain (Loss), before Tax

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

9,109

9,353

9,339

9,713

9,853

9,990

10,705

11,305

11,912

10,103

10,450

10,814

11,806

15,234

17,588

19,879

22,048

21,839

20,239

17,793

15,301

14,683

15,013

15,479

16,926

18,353

14,212

14,023

12,651

14,585

18,867

20,136

20,001

16,064

14,562

12,787

12,285

13,546

0

0

0

Amortization of debt issuance costs

4,952

5,912

6,895

7,890

7,997

7,923

7,809

7,666

7,524

7,378

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-356

6,297

8,586

-7,162

-4,575

-3,489

16,068

7,817

6,438

4,116

3,555

9,914

14,919

18,300

21,822

21,163

20,524

22,173

-6,896

-6,026

-251

4,325

23,705

35,073

30,470

20,097

27,470

13,120

7,850

14,610

11,884

5,041

9,035

2,171

-6,768

6,002

-1,236

-3,067

0

0

0

Deferred tax provision

16,023

32,542

26,919

23,110

39,818

26,327

-274,144

-279,019

-295,956

-288,577

34,650

45,730

72,807

98,148

64,133

72,968

63,945

56,132

76,390

57,485

49,591

31,742

15,816

1,597

-26,569

-35,780

-30,745

-20,067

-5,498

-1,075

-29,391

-17,103

-15,499

-8,974

90,840

89,074

114,148

103,569

0

0

0

Dividend received from unconsolidated entity

-

-

-

-

-

-

-

-

-

19,000

15,000

12,500

22,500

15,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-19,856

-8,289

-12,530

14,614

60,226

17,842

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable - DISH Network

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets, net

44,947

39,190

-20,430

-21,507

-19,133

-18,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts payable

-5,241

13,149

25,206

6,973

24,864

9,562

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable, Related Parties

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

71,344

66,352

57,978

55,843

4,557

12,183

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in noncurrent assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Changes in current assets and current liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Non-current assets and non-current liabilities, net

-2,377

-13,166

-12,356

-13,504

-14,475

5,070

29,624

42,412

44,954

36,975

22,112

5,163

-68

-9,459

-6,256

-1,181

-3,593

-1,616

-5,322

-4,064

-240

8,305

39,954

44,702

52,783

41,650

47,089

40,304

34,622

42,302

0

0

0

-

-

-

-

-

-

-

-

Net cash flows from operating activities

551,671

656,322

723,670

761,757

775,193

734,522

678,868

697,552

720,812

726,892

820,570

830,588

751,849

803,343

743,237

749,341

747,738

776,451

785,620

850,901

860,221

840,131

721,597

629,206

601,795

450,507

546,152

513,590

476,123

505,149

559,168

518,017

433,056

447,018

455,328

399,896

468,311

404,015

0

0

0

Cash flows from investing activities:
Purchases of marketable investment securities

1,218,703

993,369

1,305,429

1,844,588

2,736,200

2,973,254

2,858,895

2,442,114

1,372,423

855,717

357,871

326,422

645,260

921,247

1,074,327

892,658

607,461

536,430

948,233

1,208,967

1,474,812

1,523,514

1,255,287

1,122,949

1,198,291

1,080,437

1,018,238

954,064

873,961

971,154

1,171,719

1,448,316

1,778,838

2,051,444

2,196,003

2,277,116

2,281,831

2,300,631

0

0

0

Sales and maturities of marketable investment securities

2,366,133

2,391,220

2,155,316

2,278,306

1,912,533

1,498,463

1,535,570

1,130,791

668,908

580,235

741,335

799,617

895,344

1,009,310

1,031,506

1,138,771

1,111,335

1,057,034

1,130,633

1,177,889

1,336,760

1,353,157

1,123,158

1,019,445

984,438

912,030

1,000,358

1,004,609

1,113,571

1,248,748

1,161,098

1,171,701

1,841,170

1,981,197

2,282,951

2,538,019

2,100,182

2,253,819

0

0

0

Sale of investment in unconsolidated entity

-

-

-

-

-

-

-

-

-

-

-17,781

-17,781

-17,781

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in restricted cash and marketable investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,673

-

163

1,273

887

2,808

4,144

-1,904

-2,364

-12,908

-11,917

-2,573

-2,519

4,759

0

0

0

-

-

-

-

-

-

-

-

Sale of investment in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

712,935

0

0

0

-

-

-

-

Expenditures for property and equipment

411,226

418,584

454,749

526,483

538,597

555,141

575,803

600,779

609,254

583,211

611,333

576,015

589,581

722,341

757,037

829,216

866,691

809,270

831,500

767,219

744,203

680,026

561,458

503,318

432,878

391,873

406,463

393,554

471,618

513,005

487,361

532,034

452,039

377,172

309,856

215,899

203,384

196,736

0

0

0

Refunds and other receipts related to property and equipment

-

-

-

-

-

77,524

81,835

81,835

81,835

4,311

0

0

0

24,087

24,087

129,837

129,837

105,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenditures for externally marketed software

30,348

29,310

28,435

31,968

32,091

31,639

30,452

29,212

27,647

31,331

30,708

28,072

28,125

23,252

23,413

22,966

23,342

22,327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Launch service assigned to DISH Network (Note 17)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchase of strategic investments included in marketable and other investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

95,457

87,389

78,246

69,072

0

0

0

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,880

3,901

3,959

3,959

5,413

-5,094

-17,536

-9,949

-7,125

-13,874

3,844

-2,719

-2,648

19,056

15,901

11,361

13,026

9,355

10,977

7,782

3,177

-2,279

-7,111

-205

46

0

0

0

Net cash flows from investing activities

572,357

821,958

246,484

-239,166

-1,508,788

-2,098,480

-1,847,178

-1,859,479

-1,258,581

-867,932

-246,729

-110,004

-349,395

-632,199

-793,629

-478,581

-321,124

-275,311

-628,961

-903,301

-923,073

-887,590

-761,183

-627,032

-660,073

-570,289

-425,845

-439,236

-341,217

-346,781

-451,761

-157,934

-1,822,675

-1,888,045

-1,851,942

-2,124,990

-476,442

-238,558

0

0

0

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

912,877

920,923

991,096

991,096

78,219

70,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Principal Payments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of other long-term debt and finance lease obligations

-

-

-

-

-

41,019

39,040

38,369

38,302

37,670

36,143

37,649

38,558

40,364

40,116

39,002

38,838

44,804

45,662

52,998

61,102

63,122

64,575

65,877

65,303

68,225

66,781

64,229

63,995

60,022

66,137

69,081

63,951

59,493

50,011

112,149

75,591

49,727

0

0

0

Repayments of Other Debt

4,675

5,447

6,018

5,856

5,658

5,350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from Class A common stock options exercised

65,440

67,337

64,143

61,863

2,990

4,424

6,804

7,608

12,692

35,536

41,542

42,082

37,075

13,065

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

9,954

9,779

9,664

9,556

9,481

9,368

9,248

9,104

8,985

8,758

9,827

11,377

12,756

14,367

5,473

7,314

9,869

13,888

28,072

28,547

31,308

28,857

32,550

39,940

56,901

71,247

64,751

54,127

34,035

15,398

11,622

11,723

15,862

28,718

28,233

25,838

17,643

4,014

0

0

0

Treasury share purchase

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution by non-controlling interest holder

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

0

7,313

7,313

7,313

7,313

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash exchanged for Tracking Stock (Note 1)

-

-

-

-

-

-

-

-

-

-

651

651

651

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of Tracking Stock (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,551

603

767

785

-409

-521

-1,796

-1,948

167

-1,065

4,791

3,019

44

1,217

-5,780

-5,388

-4,705

-882

10,172

999

1,902

-1,105

-8,450

2,907

2,863

2,641

2,532

1,376

881

648

-91

432

1,512

2,147

0

0

0

-

-

-

-

Net cash flows from financing activities

-862,180

-885,311

-1,005,535

-1,009,135

-153,953

-136,563

-29,638

-28,519

-22,559

72

8,462

1,502,388

1,498,070

1,475,689

1,482,822

-9,260

-119,818

-120,257

-127,970

-146,582

-38,338

-35,096

-20,286

-263

17,844

18,326

502

-8,726

-29,079

-43,976

-54,834

-58,906

1,895,598

1,913,547

1,921,663

1,934,012

-32,824

-46,973

0

0

0

Effect of exchange rates on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-2,233

-3,112

-1,557

394

1,351

468

377

317

138

4,173

-1,670

514

-5,696

-9,975

-7,265

-9,311

-2,511

-1,093

6,212

5,031

3,961

6,083

1,121

2,489

3,187

1,085

2,045

1,519

-299

0

0

0

-

-

-

-

Net increase (decrease) in cash and cash equivalents

256,597

592,394

-34,576

-486,715

-889,672

-1,502,754

-1,201,060

-1,192,003

-559,934

-139,617

582,771

2,223,349

1,900,841

1,646,971

1,436,603

259,830

307,310

375,187

18,714

-206,247

-110,501

-85,066

-60,965

8,123

-35,403

-97,495

126,892

66,749

108,316

117,579

53,658

303,222

507,498

472,221

524,102

207,845

-42,019

118,484

0

0

0

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

-

-

-

-

-

240,596

239,965

233,171

204,637

207,617

119,223

87,562

121,889

78,312

173,823

174,510

178,742

179,114

184,154

185,709

187,002

188,087

184,143

184,101

185,352

188,331

192,936

193,945

193,786

192,611

198,595

196,129

122,473

120,452

41,851

41,239

41,315

41,021

0

0

0

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

94,198

-

89,859

83,332

73,344

63,808

53,439

43,654

33,050

23,774

16,911

10,946

6,977

3,968

7,587

21,747

34,099

45,497

50,603

48,930

45,291

42,743

0

0

0

-

-

-

-

Cash received for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

16,288

19,010

20,918

19,028

0

0

0

Cash paid for income taxes

-

-

-

-

-

5,209

4,331

4,238

10,837

11,033

12,584

14,870

10,149

11,700

10,396

9,583

7,372

6,394

7,796

8,520

12,342

14,221

18,591

19,763

17,929

16,728

12,943

13,534

16,436

15,798

11,138

8,877

3,347

2,173

4,276

7,286

7,233

15,240

0

0

0

Employee benefits paid in Class A common stock

-

-

-

-

-

-

-

-

-

-

-

-

11,199

-

11,126

11,126

11,126

10,711

10,717

10,717

10,717

10,316

10,310

10,310

10,315

4,761

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment financed under capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

12,786

-

10,225

12,094

8,273

8,604

5,916

4,541

4,702

3,312

3,044

5,642

4,760

5,316

5,273

3,674

3,710

30,317

201,452

208,806

217,580

198,468

36,203

27,423

18,932

57,397

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-6,931

-

4,531

10,046

1,032

-7,123

17,928

-2,476

-23,242

11,436

2,098

8,636

15,460

-8,921

40,365

41,640

14,972

16,812

0

0

0

-

-

-

0

-

-

-

-

Capitalized in-orbit incentive obligations

-

-

-

-

-

-

-

-

-

-

-

-

31,000

-

0

0

0

-

-

-

-

-

-

-

-

18,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

299,425

-

0

0

0

-

-

-

-

386,691

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

6,694

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0