EchoStar Corporation (SATS) financial statements (2021 and earlier)

Company profile

Business Address 100 INVERNESS TERRACE E.
ENGLEWOOD, CO 80112
State of Incorp. NV
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4603,2103,2463,0941,5371,6881,621
Cash and cash equivalents1,5199282,4312,571924549634
Short-term investments9412,2828145236121,139987
Receivables197215240488456415514
Inventory, net of allowances, customer advances and progress billings80758472676366
Inventory80758472676366
Prepaid expense    576755
Disposal group, including discontinued operation  0    
Deferred tax assets    8770
Other current assets18019921117830
Other undisclosed current assets(80)615558   
Total current assets:2,8363,5813,7163,7232,1342,3282,356
Noncurrent Assets
Finance lease, right-of-use asset326
Operating lease, right-of-use asset114
Property, plant and equipment 3,4153,4653,6693,4133,1952,546
Long-term investments and receivables325358254288300160246
Long-term investments325262161197209160246
Due from related parties 95939191  
Intangible assets, net (including goodwill)1,4551,0441,1001,1441,187706766
Goodwill507504504511511511504
Intangible assets, net (excluding goodwill)948540596633676196262
Restricted cash and investments2  13211916
Other noncurrent assets335264215172186187174
Deferred tax assets, net    (678)(487)
Other undisclosed noncurrent assets1,760    1,3371,085
Total noncurrent assets:4,3185,0805,0345,2865,1074,9264,346
TOTAL ASSETS:7,1548,6618,7509,0097,2417,2546,702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3943123024264053231
Accounts payable124121108190214  
Accrued liabilities2707298132161  
Employee-related liabilities 544858303231
Taxes payable 16     
Interest and dividends payable 474847   
Deferred revenue101
Debt09604137364270
Due to related parties 25525  
Disposal group, including discontinued operation  1    
Deferred revenue and credits6663627258
Contract with customer, liability72
Other undisclosed current liabilities     372400
Total current liabilities:4961,345414531527518558
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,3902,5733,5943,6232,1882,3262,353
Finance lease, liability1
Capital lease obligations188229265298326352
Operating lease, liability97
Other undisclosed long-term debt and lease obligation2,2922,3853,3653,3581,8902,0002,000
Liabilities, other than long-term debt362476436754744787488
Deferred revenue11
Contract with customer, liability10
Deferred tax liabilities, net466436754650680488
Deferred income tax liabilities352
Other liabilities    94107 
Other undisclosed noncurrent liabilities16111112994  76
Total noncurrent liabilities:2,9133,1614,1594,4712,9323,1132,917
Total liabilities:3,4094,5064,5735,0023,4593,6303,476
Stockholders' equity
Stockholders' equity attributable to parent, including:3,6704,1404,1633,9203,6953,5333,217
Treasury stock, value(131)(131)(98)(98)(98)(98)(98)
Additional paid in capital3,2903,7033,6693,8293,7763,7063,502
Accumulated other comprehensive loss(122)(125)(130)(125)(117)(56)(15)
Retained earnings (accumulated deficit)633694721314134(19)(172)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest7615151311 9
Other undisclosed stockholders' equity   747590 
Total stockholders' equity:3,7464,1554,1774,0073,7823,6243,226
TOTAL LIABILITIES AND EQUITY:7,1548,6618,7509,0097,2417,2546,702

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8862,0911,8863,0573,1443,4463,282
Revenue, net1,8863,0573,1443,4463,282
Cost of revenue(721)(751)(758)(1,736)(1,806)(2,128)(2,207)
Cost of goods and services sold  (758)(1,736)(1,805)(2,128)(2,207)
Gross profit:1,1651,3401,1271,3211,3371,3181,075
Operating expenses(1,092)(1,157)(931)(957)(981)(991)(972)
Other undisclosed operating income     1 
Operating income:73183196364356328104
Nonoperating income (expense)1006351(78)(134)(150)(138)
Investment income, nonoperating111684531(7)915
Interest and debt expense(251)(249)(217)(124)(5)(171)(193)
Income (loss) from continuing operations before equity method investments, income taxes:(78)(2)301632177(227)
Income (loss) from equity method investments(15)(6)17  8(5)
Other undisclosed income from continuing operations before income taxes  531245163198
Income (loss) from continuing operations before income taxes:(93)(8)101287222178(34)
Income tax expense (benefit)(20)(31)284(106)(72)(31)37
Income (loss) from continuing operations:(114)(39)3851811491483
Income from discontinued operations39 9    
Net income (loss):(74)(39)3931811491483
Net loss attributable to noncontrolling interest (2)    (1)
Other undisclosed net income (loss) attributable to parent11 (1)(1)45 
Net income (loss) attributable to parent:(63)(40)3931801531533
Other undisclosed net income available to common stockholders, basic  121012 
Net income (loss) available to common stockholders, diluted:(63)(40)3941821641653

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(74)(39)3931811491483
Other comprehensive income (loss)6(5)(5)(8)(62)(41)(34)
Comprehensive income (loss):(68)(44)38917388106(31)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8(0)   1(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1)(1)440
Comprehensive income (loss), net of tax, attributable to parent:(60)(44)38717292112(31)

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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