EchoStar CORP (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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,547 | 2,444 | 1,678 | 1,546 | 2,534 | 2,460 | |||
| Cash and cash equivalent | 4,305 | 1,821 | 705 | 536 | 896 | 1,519 | |||
| Short-term investments | 1,242 | 623 | 974 | 1,010 | 1,638 | 941 | |||
| Restricted cash and investments | 151 | ||||||||
| Receivables | 1,199 | 1,122 | 236 | 182 | 184 | 197 | |||
| Inventory, net of allowances, customer advances and progress billings | 455 | 665 | 124 | 103 | 98 | 80 | |||
| Inventory | 455 | 665 | 124 | 103 | 98 | 80 | |||
| Other current assets | 88 | 16 | 210 | 198 | 190 | 180 | |||
| Other undisclosed current assets | 655 | 644 | (124) | (103) | (98) | (80) | |||
| Total current assets: | 8,096 | 4,892 | 2,125 | 1,927 | 2,908 | 2,836 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 239 | 258 | 278 | 326 | |||||
| Operating lease, right-of-use asset | 3,261 | 3,065 | 152 | 149 | 128 | 114 | |||
| Property, plant and equipment | 9,187 | 9,562 | 308 | 382 | |||||
| Long-term investments and receivables | 202 | 314 | 357 | 298 | 285 | 325 | |||
| Long-term investments | 202 | 314 | 357 | 298 | 285 | 325 | |||
| Intangible assets, net (including goodwill) | 39,065 | 548 | 967 | 990 | 1,455 | ||||
| Goodwill | 532 | 511 | 512 | 507 | |||||
| Intangible assets, net (excluding goodwill) | 39,065 | 16 | 456 | 479 | 948 | ||||
| Restricted cash and investments | 170 | 118 | 2 | ||||||
| Other noncurrent assets | 506 | 411 | 317 | 338 | 353 | 335 | |||
| Other undisclosed noncurrent assets | 452 | 38,746 | 2,154 | 1,726 | 2,131 | 1,760 | |||
| Total noncurrent assets: | 52,843 | 52,217 | 4,074 | 4,118 | 4,165 | 4,318 | |||
| TOTAL ASSETS: | 60,939 | 57,109 | 6,199 | 6,045 | 7,073 | 7,154 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,898 | 2,790 | 209 | 319 | 422 | 394 | |||
| Accounts payable | 741 | 774 | 101 | 109 | 122 | 124 | |||
| Accrued liabilities | 2,157 | 2,016 | 108 | 209 | 300 | 270 | |||
| Deferred revenue | 651 | 755 | 122 | 141 | 105 | 101 | |||
| Debt | 943 | 3,047 | 898 | 0 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 1 | |||||
| Other undisclosed current liabilities | 1,339 | 1,428 | 91 | ||||||
| Total current liabilities: | 5,831 | 8,019 | 423 | 460 | 1,425 | 496 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 25,660 | 67 | 1,497 | 1,496 | 1,495 | 2,390 | |||
| Long-term debt, excluding current maturities | 1,496 | 1,495 | |||||||
| Finance lease, liability | 37 | 67 | 0 | 1 | |||||
| Other undisclosed long-term debt and lease obligation | 25,623 | 1,497 | (135) | (115) | 2,292 | ||||
| Liabilities, other than long-term debt | 8,200 | 8,136 | 680 | 551 | 370 | 362 | |||
| Accounts payable and accrued liabilities | 120 | 136 | |||||||
| Deferred revenue | 11 | 11 | 11 | ||||||
| Deferred income tax liabilities | 4,989 | 5,014 | 425 | 404 | 360 | 352 | |||
| Operating lease, liability | 3,211 | 3,121 | 136 | 135 | 115 | 97 | |||
| Other undisclosed noncurrent liabilities | 1,002 | 20,499 | 124 | 175 | 161 | ||||
| Total noncurrent liabilities: | 34,862 | 28,702 | 2,177 | 2,171 | 2,041 | 2,913 | |||
| Total liabilities: | 40,693 | 36,721 | 2,600 | 2,631 | 3,466 | 3,409 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 20,191 | 19,880 | 3,503 | 3,354 | 3,542 | 3,670 | |||
| Treasury stock, value | (526) | (437) | (175) | (131) | |||||
| Additional paid in capital | 8,768 | 8,302 | 3,367 | 3,346 | 3,321 | 3,290 | |||
| Accumulated other comprehensive loss | (196) | (160) | (172) | (212) | (188) | (122) | |||
| Retained earnings | 11,618 | 11,738 | 834 | 656 | 584 | 633 | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Equity, attributable to noncontrolling interest | 54 | 70 | 96 | 60 | 65 | 76 | |||
| Total equity: | 20,245 | 19,950 | 3,599 | 3,414 | 3,607 | 3,746 | |||
| Other undisclosed liabilities and equity | 438 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 60,939 | 57,109 | 6,199 | 6,045 | 7,073 | 7,154 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,826 | 17,016 | 1,998 | 1,986 | 1,888 | 1,886 | ||
| Cost of revenue | (12,707) | (13,127) | (862) | (761) | (696) | (721) | ||
| Cost of product and service sold | (10,136) | (9,510) | ||||||
| Other cost of operating revenue | (1,637) | (2,435) | ||||||
| Gross profit: | 3,119 | 3,889 | 1,136 | 1,225 | 1,192 | 1,165 | ||
| Operating expenses | (3,423) | (4,167) | (946) | (1,008) | (1,079) | (1,092) | ||
| Operating income (loss): | (304) | (278) | 190 | 217 | 112 | 73 | ||
| Nonoperating income (expense) | 229 | (1,654) | 106 | 67 | 15 | 100 | ||
| Investment income, nonoperating | 117 | 207 | 98 | 92 | 9 | 111 | ||
| Gain (loss), foreign currency transaction, before tax | 5 | (13) | 6 | (12) | ||||
| Other nonoperating income (expense) | 593 | (1,771) | 3 | (12) | 0 | (0) | ||
| Interest and debt expense | (9) | (14) | (57) | (96) | (148) | (251) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (84) | (1,946) | 239 | 189 | (21) | (78) | ||
| Loss from equity method investments | (6) | (5) | (7) | (15) | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | 9 | 14 | (55) | |||||
| Income (loss) from continuing operations before income taxes: | (76) | (1,932) | 233 | 128 | (28) | (93) | ||
| Income tax expense (benefit) | (49) | 297 | (67) | (66) | (24) | (20) | ||
| Income (loss) from continuing operations: | (125) | (1,635) | 167 | 63 | (52) | (114) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 63 | (52) | (74) | |
| Income from discontinued operations | 39 | |||||||
| Net income (loss): | (125) | (1,635) | 167 | 63 | (52) | (74) | ||
| Net income (loss) attributable to noncontrolling interest | 5 | (67) | ||||||
| Other undisclosed net income attributable to parent | 11 | |||||||
| Net income (loss) attributable to parent: | (120) | (1,702) | 167 | 63 | (52) | (63) | ||
| Other undisclosed net income available to common stockholders, basic | 11 | 10 | 12 | |||||
| Net income (loss) available to common stockholders, diluted: | (120) | (1,702) | 177 | 73 | (40) | (63) | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (125) | (1,635) | 167 | 63 | (52) | (74) | ||
| Other comprehensive income (loss) | (43) | 19 | 42 | (29) | (81) | 6 | ||
| Comprehensive income (loss): | (167) | (1,616) | 208 | 34 | (133) | (68) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 12 | (71) | 9 | 15 | (27) | 8 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (155) | (1,687) | 217 | 49 | (161) | (60) | ||
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.