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 thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,989,2751,913,4621,675,2741,678,4561,568,1731,521,449
Cash and cash equivalents1,094,531702,055920,105704,541901,269991,595
Short-term investments894,7441,211,407755,169973,915666,904529,854
Receivables235,421238,967251,871236,479243,683224,016
Inventory, net of allowances, customer advances and progress billings167,511151,508137,634123,606115,549110,596
Inventory167,511151,508137,634123,606115,549110,596
Other current assets248,241244,347252,596210,446229,214211,877
Other undisclosed current assets(167,511)(151,508)(137,634)(123,606)(115,549)(110,596)
Total current assets:2,472,9372,396,7762,179,7412,125,3812,041,0701,957,342
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    238,748  
Operating lease, right-of-use asset143,726144,055147,707151,518147,811151,967
Property, plant and equipment   307,606  
Long-term investments and receivables136,455193,432364,954356,705352,778352,078
Long-term investments136,455193,432364,954356,705352,778352,078
Intangible assets, net (including goodwill) 546,685547,877548,009548,189986,003990,114
Goodwill 532,710533,295532,858532,491532,570533,505
Intangible assets, net (excluding goodwill) 13,97514,58215,15115,698453,433456,609
Restricted cash and investments      
Other noncurrent assets326,485326,218315,960317,062323,411329,564
Other undisclosed noncurrent assets2,604,1702,628,6862,637,4172,153,7942,274,2322,337,458
Total noncurrent assets:3,757,5213,840,2684,014,0474,073,6224,084,2354,161,181
TOTAL ASSETS:6,230,4586,237,0446,193,7886,199,0036,125,3056,118,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities134,335134,671163,505209,424271,471309,892
Interest and dividends payable16,55338,407
Taxes payable11,97911,980
Employee-related liabilities59,69452,719
Accounts payable82,29191,11885,772101,23995,019103,680
Accrued liabilities52,04443,55377,733108,18588,226103,106
Deferred revenue122,288107,977129,292121,739127,584134,856
Debt      
Due to related parties555669432595
Other undisclosed current liabilities140,056155,53384,82190,9996,729(10,980)
Total current liabilities:396,679398,181378,173422,831406,216434,363
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,497,3961,497,1871,496,9811,496,7771,496,5781,496,379
Finance lease, liability      
Other undisclosed long-term debt and lease obligation 1,497,3961,497,1871,496,9811,496,7771,363,3811,358,933
Liabilities, other than long-term debt670,595670,550675,372680,340553,762550,779
Accounts payable and accrued liabilities 109,396109,299112,534119,787119,719122,179
Deferred income tax liabilities433,370432,877430,957424,621434,043428,600
Operating lease, liability127,829128,374131,881135,932133,197137,446
Other undisclosed noncurrent liabilities    133,197137,446
Total noncurrent liabilities:2,167,9912,167,7372,172,3532,177,1172,183,5372,184,604
Total liabilities:2,564,6702,565,9182,550,5262,599,9482,589,7532,618,967
Equity
Equity, attributable to parent, including:3,573,3983,574,1213,546,0793,502,6193,439,3333,398,229
Treasury stock, value (525,824)(525,824)(525,824)(525,824)(525,824)(514,418)
Additional paid in capital3,383,6713,379,9973,376,1693,367,0583,361,2193,355,238
Accumulated other comprehensive loss(161,515)(153,874)(166,931)(172,239)(180,339)(204,465)
Retained earnings876,959873,715862,558833,517784,170761,767
Other undisclosed equity, attributable to parent107107107107107107
Equity, attributable to noncontrolling interest92,39097,00597,18396,43696,219101,327
Total equity:3,665,7883,671,1263,643,2623,599,0553,535,5523,499,556
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:6,230,4586,237,0446,193,7886,199,0036,125,3056,118,523

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues413,074453,109439,597499,856497,387499,316
Cost of revenue(176,515)(155,486)(187,034)(218,023)(219,518)(214,289)
Gross profit:236,559297,623252,563281,833277,869285,027
Operating expenses(214,479)(253,250)(224,316)(230,197)(230,835)(239,121)
Operating income (loss):22,08044,37328,24751,63647,03445,906
Nonoperating income (expense)1,62730,67124,87026,559982(14,435)
Investment income, nonoperating 15,46618,04121,48720,2594,106(13,466)
Gain (loss), foreign currency transaction, before tax (2,089)3,2583,3135,288(2,805)(3,642)
Other nonoperating income (expense) (11,750)9,372701,012(319)2,673
Interest and debt expense(12,650)(13,240)(13,286)(14,045)(13,845)(14,307)
Income (loss) from continuing operations before equity method investments, income taxes:11,05761,80439,83164,15034,17117,164
Income (loss) from equity method investments(1,978)(546)(551)(1,262)(1,426)(1,301)
Other undisclosed income (loss) from continuing operations before income taxes (33,400)    
Income (loss) from continuing operations before income taxes:9,07927,85839,28062,88832,74515,863
Income tax expense (benefit)(8,547)(18,773)(11,460)(15,308)(13,195)(5,390)
Income (loss) from continuing operations:5329,08527,82047,58019,55010,473
Income before gain (loss) on sale of properties:19,55010,473
Net income (loss):5329,08527,82047,58019,55010,473
Other undisclosed net loss attributable to parent      
Net income (loss) attributable to parent:5329,08527,82047,58019,55010,473
Other undisclosed net income (loss) available to common stockholders, basic2,7122,0721,2211,7672,8533,395
Net income (loss) available to common stockholders, diluted:3,24411,15729,04149,34722,40313,868

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):5329,08527,82047,58019,55010,473
Other comprehensive income (loss)(9,544)14,9517,2769,49821,871(38,177)
Comprehensive income (loss):(9,012)24,03635,09657,07841,421(27,704)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4,615178(747)3695,10810,387
Comprehensive income (loss), net of tax, attributable to parent:(4,397)24,21434,34957,44746,529(17,317)

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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