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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9441,8621,8251,7531,7921,7721,710
Cash and cash equivalents7404441,4691,2281,1391,076876
Short-term investments1,2031,418356525653696834
Receivables184191183188328275290
Inventory, net of allowances, customer advances and progress billings98948388798373
Inventory98948388798373
Disposal group, including discontinued operation     6 
Other current assets2922932913151701720
Other undisclosed current assets(98)(94)(83)(88)(79)6669
Total current assets:2,4202,3462,3002,2562,2902,2182,163
Noncurrent Assets
Operating lease, right-of-use asset128129126120113111112
Property, plant and equipment 1,6881,7191,7511,8581,7862,460
Long-term investments and receivables104105108109130138144
Long-term investments104105108109110119124
Due from related parties    201920
Intangible assets, net (including goodwill)9229409429469499371,006
Goodwill512509509509507504504
Intangible assets, net (excluding goodwill)410431433437442433502
Other noncurrent assets308297283257232229247
Other undisclosed noncurrent assets1,710      
Total noncurrent assets:3,1723,1593,1783,1823,2823,2013,969
TOTAL ASSETS:5,5915,5055,4785,4395,5725,4206,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities444377367338368321295
Accounts payable119109111106122119105
Accrued liabilities326268256232247120105
Employee-related liabilities     3635
Taxes payable     99
Interest and dividends payable     3743
Deferred revenue105909099101110106
Debt898897896 0043
Due to related parties    1111
Disposal group, including discontinued operation     3 
Other undisclosed current liabilities     01
Total current liabilities:1,4471,3641,353437481435446
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4951,6101,6062,3902,3902,3892,553
Long-term debt, excluding current maturities1,4951,4951,4952,390   
Finance lease, liability0   11166
Operating lease, liability115115111105979495
Other undisclosed long-term debt and lease obligation(115)  (105)2,2922,2942,292
Liabilities, other than long-term debt468489484568415454632
Accounts payable and accrued liabilities88  89   
Deferred revenue11  911119
Deferred income tax liabilities370399394381380341494
Due to related parties    243334
Other liabilities 919089 6994
Other undisclosed noncurrent liabilities104  71528485
Total noncurrent liabilities:2,0682,1002,0902,9652,9572,9273,271
Total liabilities:3,5153,4633,4433,4033,4383,3623,716
Stockholders' equity
Stockholders' equity attributable to parent2,0111,9831,9761,9772,0582,0482,404
Additional paid in capital1,4871,4851,4841,4841,4791,4271,767
Accumulated other comprehensive loss(147)(167)(159)(154)(85)(96)(80)
Retained earnings672665652648664717717
Stockholders' equity attributable to noncontrolling interest6559585876912
Total stockholders' equity:2,0762,0422,0352,0362,1342,0582,416
TOTAL LIABILITIES AND EQUITY:5,5915,5055,4785,4395,5725,4206,133

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues492476462468501473538
Operating lease, lease income15171717 1995
Cost of revenue(188)(182)(172)(196)(205)(190)(183)
Gross profit:304293289272295283355
Operating expenses(250)(236)(234)(242)(250)(237)(308)
Operating income:55575530454547
Nonoperating income (expense)106514(1)18
Investment income, nonoperating2359 1217
Foreign currency transaction gain (loss), before tax83(0)(8)   
Other nonoperating income (expense)00(0)(0) (13)1
Interest and debt expense(42)(44)(44)(42)(100)(56)(65)
Income (loss) from continuing operations before equity method investments, income taxes:231915(12)(51)(11)(0)
Loss from equity method investments(1)(2)(1)(1)(0)(1)(1)
Income (loss) from continuing operations before income taxes:221714(13)(51)(12)(1)
Income tax expense (benefit)(18)(5)(14)(5)(10)(5)3
Income (loss) from continuing operations:4110(18)(62)(17)2
Income (loss) from discontinued operations    (1)14 
Net income (loss):4110(18)(63)(3)2
Net income (loss) attributable to noncontrolling interest3233103(1)
Net income (loss) available to common stockholders, diluted:6144(14)(53)01

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):4110(18)(63)(3)2
Other comprehensive income (loss)25(10)(8)(86)15(16)3
Comprehensive income (loss):292(7)(104)(48)(19)5
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)462073(1)
Comprehensive income (loss), net of tax, attributable to parent:276(2)(84)(42)(16)4

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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