EchoStar Corporation (SATS) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4441,6781,5462,5342,4603,210
Cash and cash equivalents1,8217055368961,519928
Short-term investments6239741,0101,6389412,282
Restricted cash and investments      
Receivables1,122236182184197215
Inventory, net of allowances, customer advances and progress billings665124103988075
Inventory665124103988075
Other current assets1621019819018019
Other undisclosed current assets644(124)(103)(98)(80)61
Total current assets:4,8922,1251,9272,9082,8363,581
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  239258278326
Operating lease, right-of-use asset3,065152149128114
Property, plant and equipment9,562308382  3,415
Long-term investments and receivables314357298285325358
Due from related parties    95
Long-term investments314357298285325262
Intangible assets, net (including goodwill) 5489679901,4551,044
Goodwill  532511512507504
Intangible assets, net (excluding goodwill) 16456479948540
Restricted cash and investments118   2 
Other noncurrent assets411317338353335264
Other undisclosed noncurrent assets38,7462,1541,7262,1311,760 
Total noncurrent assets:52,2174,0744,1184,1654,3185,080
TOTAL ASSETS:57,1096,1996,0457,0737,1548,661
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,790209319422394312
Interest and dividends payable   47
Taxes payable   16
Employee-related liabilities   54
Accounts payable774101109122124121
Accrued liabilities2,01610820930027072
Deferred revenue755122141105101
Debt3,047  8980960
Due to related parties1   2
Contract with customer, liability72
Other undisclosed current liabilities1,42891    
Total current liabilities:8,0194234601,4254961,345
Noncurrent Liabilities
Long-term debt and lease obligation, including:671,4971,4961,4952,3902,573
Long-term debt, excluding current maturities   1,4961,495  
Capital lease obligations188
Finance lease, liability67  01
Other undisclosed long-term debt and lease obligation  1,497(135)(115)2,2922,385
Liabilities, other than long-term debt8,136680551370362476
Accounts payable and accrued liabilities  120136   
Deferred revenue   111111
Contract with customer, liability10
Deferred tax liabilities, net466
Deferred income tax liabilities5,014425404360352
Operating lease, liability3,12113613511597
Other undisclosed noncurrent liabilities20,499 124175161111
Total noncurrent liabilities:28,7022,1772,1712,0412,9133,161
Total liabilities:36,7212,6002,6313,4663,4094,506
Equity
Equity, attributable to parent, including:19,8803,5033,3543,5423,6704,140
Treasury stock, value  (526)(437)(175)(131)(131)
Additional paid in capital8,3023,3673,3463,3213,2903,703
Accumulated other comprehensive loss(160)(172)(212)(188)(122)(125)
Retained earnings11,738834656584633694
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest709660657615
Total equity:19,9503,5993,4143,6073,7464,155
Other undisclosed liabilities and equity 438     
TOTAL LIABILITIES AND EQUITY:57,1096,1996,0457,0737,1548,661

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues17,0161,9981,9861,8881,8862,091
Cost of revenue(13,127)(862)(761)(696)(721)(751)
Cost of goods and services sold(9,510)     
Other cost of operating revenue(2,435)     
Gross profit:3,8891,1361,2251,1921,1651,340
Operating expenses(4,167)(946)(1,008)(1,079)(1,092)(1,157)
Operating income (loss):(278)19021711273183
Nonoperating income (expense)(1,654)106671510063
Investment income, nonoperating2079892911168
Gain (loss), foreign currency transaction, before tax  5(13)6(12) 
Other nonoperating income (expense)(1,771)3(12)0(0)(5)
Interest and debt expense(14)(57)(96)(148)(251)(249)
Income (loss) from continuing operations before equity method investments, income taxes:(1,946)239189(21)(78)(2)
Income (loss) from equity method investments (6)(5)(7)(15)(6)
Other undisclosed income (loss) from continuing operations before income taxes14 (55)   
Income (loss) from continuing operations before income taxes:(1,932)233128(28)(93)(8)
Income tax expense (benefit)297(67)(66)(24)(20)(31)
Income (loss) from continuing operations:(1,635)16763(52)(114)(39)
Income (loss) before gain (loss) on sale of properties:63(52)(74)(39)
Income from discontinued operations     39 
Net income (loss):(1,635)16763(52)(74)(39)
Net income (loss) attributable to noncontrolling interest(67)    (2)
Other undisclosed net income (loss) attributable to parent    11 
Net income (loss) attributable to parent:(1,702)16763(52)(63)(40)
Other undisclosed net income (loss) available to common stockholders, basic 111012  
Net income (loss) available to common stockholders, diluted:(1,702)17773(40)(63)(40)

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,635)16763(52)(74)(39)
Other comprehensive income (loss)1942(29)(81)6(5)
Comprehensive income (loss):(1,616)20834(133)(68)(44)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(71)915(27)8(0)
Comprehensive income (loss), net of tax, attributable to parent:(1,687)21749(161)(60)(44)

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.

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