EchoStar Corporation SATS Income Statement

Echostar corporation (SATS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues [Abstract]
Services and other revenue - DISH Network
-	-	-	-	-	-	-	-	-	-	-	113,734	114,955	116,002	115,127	115,864	116,449	-163,196	236,601	235,953	222,804	219,060	215,935	209,053	184,564	163,134	163,067	154,063	139,925	127,697	129,842	130,979	126,658	122,270	124,941	128,218	121,207	114,502	120,031	118,806	115,060	89,913	99,484
Equipment revenue - DISH Network
-	-	-	-	-	-	-	-	-	-	-	-	-	1,832	2,138	2,101	2,769	-566,525	157,184	196,134	223,959	238,513	299,050	302,734	305,682	307,834	360,744	333,993	308,875	279,938	256,935	254,350	237,365	276,266	339,272	270,629	272,126	308,665	392,821	382,839	385,848	314,362	204,284
Revenues
465,666	422,313	472,262	537,124	454,382	278,615	456,274	525,957	501,792	145,695	481,233	465,076	433,151	475,788	460,046	442,658	431,974	-504,270	760,879	793,595	798,653	843,887	895,840	879,828	826,023	808,087	848,908	830,003	795,454	786,199	764,721	806,004	764,780	834,209	863,163	584,233	479,826	513,200	607,040	603,049	627,080	482,932	383,148
Costs and Expenses [Abstract]
Selling, general and administrative expenses
125,281	121,726	122,676	152,629	112,114	122,199	107,540	103,074	103,275	106,680	91,003	89,826	82,991	84,590	80,672	79,237	80,545	37,674	91,830	90,704	97,928	100,759	93,127	90,492	87,632	89,638	84,299	90,386	94,176	90,287	93,871	91,507	96,979	98,070	102,790	42,943	44,772	32,024	30,366	33,345	32,631	37,223	27,099
General and administrative expenses - DISH Network
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,168	1,283	1,955	2,304	5,669	3,239	3,489	2,534	3,942	4,554	4,159	4,447	8,498
Research and development expenses
6,254	6,327	6,136	6,388	6,888	7,242	6,544	6,647	7,137	8,301	8,302	7,437	7,705	7,646	9,030	7,562	6,932	-31,055	19,875	19,685	17,872	16,045	15,685	14,574	14,582	17,064	17,030	16,354	17,494	19,233	17,448	15,618	17,350	16,464	14,561	11,082	8,859	9,823	11,645	12,391	12,234	10,633	11,222
Depreciation and amortization
132,368	94,003	122,374	155,410	118,978	47,788	115,325	148,449	145,554	5,723	134,822	130,034	115,083	108,161	108,549	106,117	110,077	62,272	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	58,989	59,475
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,664	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
455,063	426,280	446,216	514,174	426,334	413,510	418,017	451,192	443,782	269,088	424,819	419,186	381,500	397,388	383,444	367,227	366,244	-513,875	672,272	699,247	717,448	760,364	803,563	787,358	766,203	775,428	808,004	823,915	771,518	785,536	740,841	760,071	735,370	832,306	840,897	538,412	468,978	481,557	568,437	571,736	586,314	486,768	386,198
Operating income (loss)
10,603	-3,967	26,046	22,950	28,048	-134,895	38,257	74,765	58,010	-123,393	56,414	45,890	51,651	78,400	76,602	75,431	65,730	9,605	88,607	94,348	81,205	83,523	92,277	92,470	59,820	32,659	40,904	6,088	23,936	663	23,880	45,933	29,410	1,903	22,266	45,821	10,848	31,643	38,603	31,313	40,766	-3,836	-3,050
Other income (expense):
Investment Income, Net
15,583	17,535	17,175	23,213	24,429	24,038	21,349	19,253	15,635	14,277	12,012	10,039	8,291	7,518	6,259	3,502	3,965	2,492	2,562	2,723	2,611	2,087	2,270	2,147	2,598	7,715	2,982	1,982	1,977	2,312	2,697	3,288	2,879	3,615	2,394	2,135	2,677	5,258	3,525	3,843	1,846	9,757	5,489
Interest Expense
36,233	87,789	49,865	60,163	53,199	40,125	54,878	61,534	62,751	27,891	55,646	55,456	45,396	43,105	37,316	19,889	23,171	25,859	28,870	31,958	35,308	38,930	41,688	44,687	46,044	47,069	47,713	48,672	49,100	43,771	33,840	36,797	38,621	37,212	33,061	12,782	-462	3,833	-11,074	10,206	11,595	6,964	7,229
Loss from partial redemption of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,044	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on investments, net
-46,672	825	8,295	12,856	6,936	-44,228	2,873	65,396	-36,663	19,491	20,090	1,837	12,035	1,588	230	5,487	2,462	-927	-3,912	-1,613	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	100,458	-4,277
Other-than-temporary impairment loss on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	3,298	0	0	0	0	-	1,243	4,649	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	232,359	110,063
Equity in earnings (losses) of unconsolidated affiliates, net
2,613	-418	-3,209	-4,754	-6,353	-3,303	416	-2,058	-1,009	1,353	4,381	4,831	6,408	1,818	4,166	5,626	-808	103	-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	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction gains (losses), net
-10,844	-	-	-	-1,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hughes Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	730	34,500	-	-	-	-	-	-	-
Other, net
-279	14,703	-16,587	1,760	-42	14,630	-3,249	-336	204	-2,847	4,686	2,453	1,072	-3,400	364	-2,212	7,379	1,393	2,115	-3,728	-2,465	5,301	-1,485	-201	636	1,535	295	-353	5,481	29,316	8,910	20,957	348	-43,118	-2,504	13,943	6,991	8,744	1,439	-6,559	-1,671	1,400	-2,460
Total other income (expense), net
-75,832	-65,574	-44,191	-27,088	-29,389	-64,571	-33,489	20,721	-84,584	8,899	-14,477	-36,296	-20,888	-35,581	-26,297	-7,486	-10,173	-23,088	-31,672	-44,472	-35,206	-33,447	-27,732	-43,945	-44,633	-38,030	-41,956	-31,553	-26,084	10,505	-2,020	-10,473	96,786	-24,244	-27,249	-17,669	14,099	154,131	-5,143	-56,411	53,871	337,010	101,586
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax
-	-	-18,145	-4,138	-	-	4,768	95,486	-26,574	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
-65,229	-	-	-	-1,341	-	-	-	-	-114,494	41,937	9,594	30,763	42,819	50,305	67,945	55,557	-13,483	56,935	49,876	45,999	50,076	64,545	48,525	15,187	-5,371	-1,052	-25,465	-2,148	11,168	21,860	35,460	126,196	-22,341	-4,983	28,152	24,947	185,774	33,460	-25,098	94,637	333,174	98,536
Income tax benefit (provision), net
-7,500	11,588	5,000	1,000	2,900	-14,424	8,000	18,000	-5,000	-164,198	6,100	3,003	-12	18,996	17,394	23,692	20,172	-14,605	28,577	18,863	18,400	2,608	6,108	18,911	3,157	-10,220	-5,689	-15,882	-5,646	-15,625	-409	10	-305	-9,729	13,864	9,578	7,788	16,836	28,309	16,379	22,891	38,492	-2,536
Net income (loss) from continuing operations
-57,737	-	-23,161	-	-4,239	-	-3,195	-	-	49,686	35,855	6,591	30,775	23,823	32,911	44,253	35,385	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations
0	-	-	-	19,247	-	-	-	-	264,128	-654	531	6,577	15,107	4,499	11,656	13,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic
-	-	2,055	-	-	-	19,697	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-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	294,682	101,072
Less: Net loss attributable to noncontrolling interest in HSS Tracking Stock (Note 1)
-	-	-	-	-	-	-	-	-	-	-	0	-655	-18	85	-188	-823	-1,583	-686	-1,165	-2,169	-2,665	-2,106	-1,619	-324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
-3,442	-	-2,797	632	806	-	450	462	380	-	532	182	292	760	524	311	111	611	209	428	369	287	375	428	299	343	317	176	40	569	-285	-232	-87	278	270	92	-5	-	-	-	-	742	-742
Net income (loss) attributable to EchoStar Corporation
-	-	-	-	-	-	-	-	-	313,237	34,669	6,940	37,715	38,188	36,801	55,786	49,155	63,374	28,835	31,750	29,398	49,846	60,168	30,805	12,055	4,506	4,320	-9,759	3,458	-	-	-	-	-	-	-	-	-	-	-41,477	71,746	293,940	101,814
Less: Net income (loss) attributable to Hughes Retail Preferred Tracking Stock
-	-	-	-	-	-	-	-	-	0	0	0	-1,209	-34	157	-347	-1,519	-2,922	-1,267	-2,150	-4,004	-4,920	-3,887	-2,989	-598	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to EchoStar Corporation common stock
-54,295	-53,118	-18,309	-5,692	14,202	-112,198	16,052	77,222	-21,551	313,237	34,669	6,940	38,924	38,222	36,644	56,133	50,674	66,296	30,102	33,900	33,402	54,766	64,055	33,794	12,653	4,506	4,320	-9,759	3,458	26,224	22,554	35,682	126,588	-12,890	-19,117	18,482	17,164	-	5,151	-	-	-	-
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	32,347	23,115	32,145	44,477	37,616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	6,577	15,107	4,499	11,656	13,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding - Class A and B common stock:
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	94,745	94,200	93,898	93,751	93,331	92,836	92,500	92,283	91,969	91,616	91,358	91,097	90,689	91,395	89,868	88,179	88,178	87,510	87,279	87,127	86,684	86,605	86,507	86,314	85,466	85,221	85,158	85,102	84,855	85,260	86
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	95,893	95,057	94,401	94,330	93,852	93,500	93,493	93,514	93,357	92,443	92,971	92,714	92,336	94,763	91,266	88,179	89,600	88,698	87,998	87,814	87,326	81,821	86,507	87,697	92,331	85,527	85,250	85,102	84,933	85,310	86
Earnings Per Share, Basic and Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Basic and Diluted Share
-0.56	-	-	-	-0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic and Diluted
-0.56	-	-	-	0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-0.21	-	-	-	-0.04	-	-	0.51	0.37	0.07	0.34	0.25	0.34	0.47	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.16	0.05	0.13	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total basic earnings (loss) per share (in dollars per share)
-	-	-0.19	-0.06	-	-1.17	0.17	0.80	-0.22	3.29	0.36	0.07	0.41	0.41	0.39	0.60	0.54	0.71	0.33	0.37	0.36	0.60	0.70	0.37	0.14	0.05	0.05	-0.11	0.04	0.29	0.26	0.41	1.46	-0.15	-0.22	0.21	0.20	1.98	0.06	-0.49	0.85	3.45	1.18
Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-0.21	-	-	-	-0.04	-	-	0.50	0.36	0.07	0.34	0.24	0.34	0.47	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.15	0.05	0.13	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total diluted earnings (loss) per share (in dollars per share)
-	-	-0.19	-0.06	-	-1.17	0.17	0.80	-0.22	3.23	0.36	0.07	0.41	0.39	0.39	0.60	0.54	0.71	0.32	0.36	0.36	0.59	0.69	0.36	0.14	0.05	0.05	-0.11	0.04	0.28	0.26	0.41	1.45	-0.14	-0.22	0.21	0.19	1.99	0.06	-0.49	0.84	3.45	1.18
Comprehensive Income (Loss)
Net income
-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	294,682	101,072
Foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,603	2,994	-26,400	-20,867	-18,783	3,208	4,507	-	-1,232	-13,259	-	-1,834	2,868	-8,627	5,092	-3,787	-11,067	-252	-192	643	882	-208	-390	-546	1,420
Recognition of foreign currency translation loss in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gains (losses) on available-for-sale securities and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,373	-2,053	1,218	22	-6,981	-3,252	749	-	-848	7,135	-	-11,519	6,536	-7,647	43,429	42,198	-67,934	17,689	6,771	62,382	31,883	20,227	26,669	41,596	39,809
Recognition of other-than-temporary loss on available-for-sale securities in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,243	4,649	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of realized gains on available-for-sale securities in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	11	9	34	-27	6	28	-	1,754	17,968	-	284,139	19,088	-9	-127,995	9,686	-4,168	1,784	-665	-	-95	3	-	-100,458	-1,183
Total other comprehensive loss, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,742	7,468	-25,191	-20,879	-25,737	-50	5,228	-	-3,834	-24,092	-	-41,484	-9,684	-16,283	-79,474	38,391	-83,169	15,653	5,914	-	-	-	-	-	-
Deferred income tax (expense) benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,270	15,395
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,384	38,481	2,407	26,589	32,700	29,564	17,258	-	803	-33,675	-	-14,691	12,585	19,167	47,027	25,779	-102,016	34,227	23,073	201,829	37,821	-21,455	98,025	258,544	125,723
Less: Comprehensive loss attributable to noncontrolling interest in HSS Tracking Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-686	-1,165	-2,169	-2,665	-2,106	-1,619	-324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Comprehensive income attributable to other noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-111	428	369	5	171	442	534	-	-36	-470	-	294	192	-598	171	-925	270	92	-5	-	-	-	-	742	-742
Comprehensive income attributable to EchoStar
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,587	39,218	4,207	29,249	34,635	30,741	17,048	-	839	-33,205	-	-14,985	12,393	19,765	46,856	26,704	-102,286	34,135	23,078	201,829	37,821	-21,455	98,025	257,802	126,465
Services
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	322,839	-	310,973	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total services and other revenue
Revenues
408,357	428,876	393,305	394,422	402,668	444,369	382,374	375,445	355,040	-	-	285,053	269,791	280,679	276,280	273,972	269,897	269,544	277,640	273,736	272,754	278,155	278,928	273,008	266,847	259,258	248,013	251,072	244,564	244,166	234,180	234,689	243,410	247,361	247,337	77,716	20,584	18,305	16,717	14,541	14,469	10,010	9,303
Cost of sales - (exclusive of depreciation and amortization)
145,252	120,966	143,842	153,198	143,347	121,715	142,290	151,157	148,745	87,715	143,048	138,227	131,783	136,278	131,594	127,766	125,582	-71,291	219,686	217,765	208,240	212,258	212,298	204,269	210,093	204,229	203,268	189,330	179,294	178,714	175,346	170,032	167,830	164,474	173,973	92,795	61,460	56,208	62,295	60,420	57,433	47,954	48,267
Total equipment revenue
Revenues
57,309	91,726	65,725	57,645	51,714	55,276	56,846	50,341	42,947	65,670	59,125	66,289	48,405	77,275	66,501	50,721	42,859	-44,093	89,454	87,772	79,136	108,159	101,927	95,033	68,930	77,861	77,084	90,875	102,090	134,398	143,764	185,986	157,347	188,312	151,613	107,670	65,909	71,728	77,471	86,863	111,703	68,647	70,077
Cost of sales - (exclusive of depreciation and amortization)
45,908	83,258	51,188	46,549	45,007	49,346	46,318	41,865	39,071	49,907	47,644	53,662	43,938	60,713	53,599	46,545	43,108	-511,475	207,989	238,623	260,223	290,793	340,159	337,376	320,670	333,220	378,665	365,037	353,855	351,089	342,230	367,027	337,166	388,329	415,784	317,294	293,384	324,923	401,998	404,000	422,208	327,522	231,637