EchoStar Corporation (SATS) financial statements (2022 and earlier)

Company profile

Business Address 100 INVERNESS TERRACE E.
ENGLEWOOD, CO 80112
State of Incorp. NV
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5461,5571,5582,3192,5342,5062,458
Cash and cash equivalents5364307171,5848965561,948
Short-term investments1,0101,1278427351,6381,951510
Receivables182202187187184191183
Inventory, net of allowances, customer advances and progress billings1031039696989484
Inventory1031039696989484
Other current assets198196194191190193186
Other undisclosed current assets(103)(103)(96)(96)(98)(94)(84)
Total current assets:1,9271,9541,9392,6972,9082,8902,828
Noncurrent Assets
Finance lease, right-of-use asset258   278  
Operating lease, right-of-use asset149141132132128129126
Property, plant and equipment382    2,3732,400
Long-term investments and receivables298352341348285284276
Long-term investments298352341348285284276
Intangible assets, net (including goodwill)9679679879879901,0051,006
Goodwill511511512511512509509
Intangible assets, net (excluding goodwill)456456475476479496497
Other noncurrent assets338365365351353345341
Other undisclosed noncurrent assets1,7262,4042,4462,4372,131  
Total noncurrent assets:4,1184,2284,2714,2544,1654,1364,149
TOTAL ASSETS:6,0456,1826,2106,9527,0737,0266,976
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities319353419411422388376
Accounts payable109111122107122111113
Accrued liabilities209242298304300277263
Deferred revenue1411351281131059090
Debt   809898897896
Total current liabilities:4604875471,3321,4251,3751,362
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4961,4961,4961,4951,4951,6101,606
Long-term debt, excluding current maturities1,4961,4961,4961,4951,4951,4951,495
Finance lease, liability    0  
Operating lease, liability135127119119115115111
Other undisclosed long-term debt and lease obligation(135)(127)(119)(119)(115)  
Liabilities, other than long-term debt551417404389370427424
Accounts payable and accrued liabilities136      
Deferred revenue1110101011  
Deferred income tax liabilities404408394378360353350
Other liabilities     7474
Other undisclosed noncurrent liabilities124253178178175  
Total noncurrent liabilities:2,1712,1672,0782,0622,0412,0382,030
Total liabilities:2,6312,6542,6253,3943,4663,4123,392
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3543,4633,5113,4943,5423,5553,526
Treasury stock, value(437)(406)(344)(286)(175)(137)(137)
Additional paid in capital3,3463,3423,3373,3333,3213,3183,312
Accumulated other comprehensive loss(212)(205)(182)(215)(188)(210)(207)
Retained earnings656733699662584583558
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest60667464655958
Total stockholders' equity:3,4143,5283,5853,5583,6073,6133,584
TOTAL LIABILITIES AND EQUITY:6,0456,1826,2106,9527,0737,0266,976

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues499505500483489474459
Cost of revenue(189)(201)(194)(178)(190)(184)(165)
Gross profit:310304306305300290294
Operating expenses(274)(242)(240)(251)(269)(253)(260)
Operating income:36636553303735
Nonoperating income (expense)(40)4248022296
Investment income, nonoperating(38)9368513225
Foreign currency transaction gain (loss), before tax(3)(7)1(4)972
Other nonoperating income (expense)01(13)(1)10(0)
Interest and debt expense(16)(16)(29)(35)(35)(38)(38)
Income (loss) from continuing operations before equity method investments, income taxes:(20)50609817282
Income (loss) from equity method investments(3)0(4)1(1)(2)(6)
Other undisclosed loss from continuing operations before income taxes(55)      
Income (loss) from continuing operations before income taxes:(78)50561001526(4)
Income tax expense(3)(20)(21)(22)(18)(3)(11)
Net income (loss):(80)303578(3)23(15)
Net income attributable to noncontrolling interest     23
Other undisclosed net loss attributable to parent    (9)  
Net income (loss) attributable to parent:(80)303578(12)25(11)
Other undisclosed net income available to common stockholders, basic432112  
Net income (loss) available to common stockholders, diluted:(76)333779025(11)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(80)303578(3)23(15)
Other comprehensive income (loss)(8)(29)42(33)27(5)(17)
Comprehensive income (loss):(88)177442419(32)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest59(6)7(57)46
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  12(13)   
Comprehensive income (loss), net of tax, attributable to parent:(83)108338(33)23(26)

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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