HUGHES SATELLITE SYSTEMS CORP financial statements (2021 and earlier)

Company profile

Business Address 100 INVERNESS TERRACE EAST
ENGLEWOOD, CO 80112
State of Incorp. CO
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9441,7922,4582,2782,259636621
Cash and cash equivalents7401,1398481,8232,071383226
Short-term investments1,2036531,610456188253395
Receivables184328305235202161159
Inventory, net of allowances, customer advances and progress billings98797584634952
Inventory98797584634952
Deferred tax assets    158
Other current assets292170199212138
Other undisclosed current assets(98)(79)611541458632
Total current assets:2,4202,2902,9182,8422,6809451,029
Noncurrent Assets
Operating lease, right-of-use asset128113
Property, plant and equipment 1,8582,5822,7532,2952,2652,275
Long-term investments and receivables10413012631434133
Long-term investments10411012631434133
Due from related parties 20     
Intangible assets, net (including goodwill)9229491,0141,0281,0571,091661
Goodwill512507504504504504504
Intangible assets, net (excluding goodwill)410442510524552587157
Restricted cash and investments    122018
Other noncurrent assets308232253203296240178
Deferred tax assets, net    (538)
Other undisclosed noncurrent assets1,710     1,010
Total noncurrent assets:3,1723,2823,9754,0153,7013,6583,636
TOTAL ASSETS:5,5915,5726,8936,8576,3824,6034,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44436827127226722120
Accounts payable11912210510310698 
Accrued liabilities326247698681105 
Employee-related liabilities  4337331920
Taxes payable  8    
Interest and dividends payable  474746  
Deferred revenue105101
Debt898096041333040
Due to related parties 11101424
Deferred revenue and credits66605761
Contract with customer, liability72
Other undisclosed current liabilities  14 0185
Total current liabilities:1,4474811,304383360313330
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4952,3902,5733,5943,6222,1862,325
Long-term debt, excluding current maturities1,495      
Finance lease, liability01
Capital lease obligations188229264296325
Operating lease, liability11597
Other undisclosed long-term debt and lease obligation(115)2,2922,3853,3653,3581,8902,000
Liabilities, other than long-term debt4684155324735604781,179
Accounts payable and accrued liabilities88      
Deferred revenue1111
Contract with customer, liability10
Deferred tax liabilities, net489440528452540
Deferred income tax liabilities370380
Due to related parties 24333432258
Other liabilities      631
Other undisclosed noncurrent liabilities104152911088384(540)
Total noncurrent liabilities:2,0682,9573,1974,1754,2662,7482,965
Total liabilities:3,5153,4384,5014,5584,6273,0613,295
Stockholders' equity
Stockholders' equity attributable to parent2,0112,0582,3772,2841,7421,5301,360
Additional paid in capital1,4871,4791,7671,7551,5161,4181,362
Accumulated other comprehensive loss(147)(85)(84)(53)(61)(54)(31)
Retained earnings67266469458328716729
Stockholders' equity attributable to noncontrolling interest65761515131110
Total stockholders' equity:2,0762,1342,3922,2991,7551,5421,370
TOTAL LIABILITIES AND EQUITY:5,5915,5726,8936,8576,3824,6034,665

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8971,8902,0981,8771,8001,8371,808
Revenue, net1,8771,8001,8371,808
Cost of revenue(720)(751)(777)(755)(723)(722)(745)
Cost of goods and services sold   (755)(723)(721)(745)
Gross profit:1,1771,1401,3211,1221,0771,1161,063
Operating expenses(980)(989)(977)(872)(726)(733)(738)
Other undisclosed operating income      1
Operating income:197151344250351383326
Nonoperating income (expense)2239552823(6)(183)
Investment income, nonoperating1949593020(8)3
Foreign currency transaction gain (loss), before tax3(10)    (2)
Other nonoperating income (expense)(0)(1)(4)(2)32(1)
Interest and debt expense(172)(272)(260)(245)(187)(174)(191)
Income (loss) from continuing operations before equity method investments, income taxes:46(82)13932186203(49)
Income (loss) from equity method investments(6)(3)57995
Other undisclosed income from continuing operations before income taxes  0   186
Income (loss) from continuing operations before income taxes:40(86)14439195211143
Income tax expense (benefit)(42)(12)(46)258(74)(72)(40)
Income (loss) from continuing operations:(2)(97)97298122139103
Income from discontinued operations 57     
Net income (loss):(2)(41)97298122139103
Net income (loss) attributable to noncontrolling interest1211(2)(2)(2)(2)(1)
Net income (loss) available to common stockholders, diluted:9(30)96296120137101

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2)(41)97298122139103
Other comprehensive income (loss)(78)2(33)8(7)(23)(13)
Comprehensive income (loss):(80)(38)6530611511690
Comprehensive income (loss), net of tax, attributable to noncontrolling interest278(0)(2)(2)(1)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income (loss), net of tax, attributable to parent:(53)(30)6430411311588

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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