EchoStar Corporation (SATS) Financial Statements (2024 and earlier)

Company Profile

Business Address 9601 SOUTH MERIDIAN BOULEVARD
ENGLEWOOD, CO 80112
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6781,5462,5342,4603,2103,246
Cash and cash equivalents7055368961,5199282,431
Short-term investments9741,0101,6389412,282814
Receivables236182184197215240
Inventory, net of allowances, customer advances and progress billings12410398807584
Inventory12410398807584
Disposal group, including discontinued operation      0
Other current assets2101981901801992
Other undisclosed current assets(124)(103)(98)(80)6155
Total current assets:2,1251,9272,9082,8363,5813,716
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 239258278326
Operating lease, right-of-use asset152149128114
Property, plant and equipment308382  3,4153,465
Long-term investments and receivables357298285325358254
Due from related parties    9593
Long-term investments357298285325262161
Intangible assets, net (including goodwill) 5489679901,4551,0441,100
Goodwill 532511512507504504
Intangible assets, net (excluding goodwill) 16456479948540596
Restricted cash and investments   2  
Other noncurrent assets317338353335264215
Other undisclosed noncurrent assets2,1541,7262,1311,760  
Total noncurrent assets:4,0744,1184,1654,3185,0805,034
TOTAL ASSETS:6,1996,0457,0737,1548,6618,750
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities209319422394312302
Interest and dividends payable   4748
Taxes payable   16 
Employee-related liabilities   5448
Accounts payable101109122124121108
Accrued liabilities1082093002707298
Deferred revenue122141105101
Debt  898096041
Disposal group, including discontinued operation      1
Deferred revenue and credits66
Due to related parties1   25
Contract with customer, liability72
Other undisclosed current liabilities91     
Total current liabilities:4234601,4254961,345414
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4971,4961,4952,3902,5733,594
Long-term debt, excluding current maturities  1,4961,495   
Capital lease obligations188229
Finance lease, liability  01
Other undisclosed long-term debt and lease obligation 1,497(135)(115)2,2922,3853,365
Liabilities, other than long-term debt680551370362476436
Accounts payable and accrued liabilities 120136    
Deferred revenue  111111
Contract with customer, liability10
Deferred tax liabilities, net466436
Deferred income tax liabilities425404360352
Operating lease, liability13613511597
Other undisclosed noncurrent liabilities 124175161111129
Total noncurrent liabilities:2,1772,1712,0412,9133,1614,159
Total liabilities:2,6002,6313,4663,4094,5064,573
Equity
Equity, attributable to parent, including:3,5033,3543,5423,6704,1404,163
Treasury stock, value (526)(437)(175)(131)(131)(98)
Additional paid in capital3,3673,3463,3213,2903,7033,669
Accumulated other comprehensive loss(172)(212)(188)(122)(125)(130)
Retained earnings834656584633694721
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest966065761515
Total equity:3,5993,4143,6073,7464,1554,177
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:6,1996,0457,0737,1548,6618,750

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,9981,9861,8881,8862,0911,886
Revenue, net1,886
Cost of revenue(862)(761)(696)(721)(751)(758)
Cost of goods and services sold     (758)
Other cost of operating revenue      
Gross profit:1,1361,2251,1921,1651,3401,127
Operating expenses(946)(1,008)(1,079)(1,092)(1,157)(931)
Operating income (loss):19021711273183196
Nonoperating income (expense)10667151006351
Investment income, nonoperating989291116845
Gain (loss), foreign currency transaction, before tax 5(13)6(12)  
Other nonoperating income (expense)3(12)0(0)(5)7
Interest and debt expense(57)(96)(148)(251)(249)(217)
Income (loss) from continuing operations before equity method investments, income taxes:239189(21)(78)(2)30
Income (loss) from equity method investments (6)(5)(7)(15)(6)17
Other undisclosed income (loss) from continuing operations before income taxes (55)   53
Income (loss) from continuing operations before income taxes:233128(28)(93)(8)101
Income tax expense (benefit)(67)(66)(24)(20)(31)284
Income (loss) from continuing operations:16763(52)(114)(39)385
Income (loss) before gain (loss) on sale of properties:63(52)(74)(39)393
Income from discontinued operations    39 9
Net income (loss):16763(52)(74)(39)393
Net loss attributable to noncontrolling interest    (2) 
Other undisclosed net income (loss) attributable to parent    11 (1)
Net income (loss) attributable to parent:16763(52)(63)(40)393
Other undisclosed net income available to common stockholders, basic 111012  1
Net income (loss) available to common stockholders, diluted:17773(40)(63)(40)394

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):16763(52)(74)(39)393
Other comprehensive income (loss)42(29)(81)6(5)(5)
Comprehensive income (loss):20834(133)(68)(44)389
Comprehensive income (loss), net of tax, attributable to noncontrolling interest915(27)8(0) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:21749(161)(60)(44)387

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: