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 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5342,4603,2103,2463,0941,5371,688
Cash and cash equivalents8961,5199282,4312,571924549
Short-term investments1,6389412,2828145236121,139
Receivables184197215240488456415
Inventory, net of allowances, customer advances and progress billings98807584726763
Inventory98807584726763
Prepaid expense     5767
Disposal group, including discontinued operation   0   
Deferred tax assets    87
Other current assets190180199211178
Other undisclosed current assets(98)(80)615558  
Total current assets:2,9082,8363,5813,7163,7232,1342,328
Noncurrent Assets
Finance lease, right-of-use asset278326
Operating lease, right-of-use asset128114
Property, plant and equipment  3,4153,4653,6693,4133,195
Long-term investments and receivables285325358254288300160
Long-term investments285325262161197209160
Due from related parties  95939191 
Intangible assets, net (including goodwill)9901,4551,0441,1001,1441,187706
Goodwill512507504504511511511
Intangible assets, net (excluding goodwill)479948540596633676196
Restricted cash and investments 2  132119
Other noncurrent assets353335264215172186187
Deferred tax assets, net    (678)
Other undisclosed noncurrent assets2,1311,760    1,337
Total noncurrent assets:4,1654,3185,0805,0345,2865,1074,926
TOTAL ASSETS:7,0737,1548,6618,7509,0097,2417,254
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42239431230242640532
Accounts payable122124121108190214 
Accrued liabilities3002707298132161 
Employee-related liabilities  5448583032
Taxes payable  16    
Interest and dividends payable  474847  
Deferred revenue105101
Debt898096041373642
Due to related parties  25525 
Disposal group, including discontinued operation   1   
Deferred revenue and credits66636272
Contract with customer, liability72
Other undisclosed current liabilities      372
Total current liabilities:1,4254961,345414531527518
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4952,3902,5733,5943,6232,1882,326
Long-term debt, excluding current maturities1,495      
Finance lease, liability01
Capital lease obligations188229265298326
Operating lease, liability11597
Other undisclosed long-term debt and lease obligation(115)2,2922,3853,3653,3581,8902,000
Liabilities, other than long-term debt370362476436754744787
Deferred revenue1111
Contract with customer, liability10
Deferred tax liabilities, net466436754650680
Deferred income tax liabilities360352
Other liabilities     94107
Other undisclosed noncurrent liabilities17516111112994  
Total noncurrent liabilities:2,0412,9133,1614,1594,4712,9323,113
Total liabilities:3,4663,4094,5064,5735,0023,4593,630
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5423,6704,1404,1633,9203,6953,533
Treasury stock, value(175)(131)(131)(98)(98)(98)(98)
Additional paid in capital3,3213,2903,7033,6693,8293,7763,706
Accumulated other comprehensive loss(188)(122)(125)(130)(125)(117)(56)
Retained earnings (accumulated deficit)584633694721314134(19)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest657615151311 
Other undisclosed stockholders' equity    747590
Total stockholders' equity:3,6073,7464,1554,1774,0073,7823,624
TOTAL LIABILITIES AND EQUITY:7,0737,1548,6618,7509,0097,2417,254

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8881,8862,0911,8863,0573,1443,446
Revenue, net1,8863,0573,1443,446
Cost of revenue(696)(721)(751)(758)(1,736)(1,806)(2,128)
Cost of goods and services sold   (758)(1,736)(1,805)(2,128)
Gross profit:1,1921,1651,3401,1271,3211,3371,318
Operating expenses(1,079)(1,092)(1,157)(931)(957)(981)(991)
Other undisclosed operating income      1
Operating income:11273183196364356328
Nonoperating income (expense)151006351(78)(134)(150)
Investment income, nonoperating9111684531(7)9
Foreign currency transaction gain (loss), before tax6(12)    (3)
Interest and debt expense(148)(251)(249)(217)(124)(5)(171)
Income (loss) from continuing operations before equity method investments, income taxes:(21)(78)(2)301632177
Income (loss) from equity method investments(7)(15)(6)17  8
Other undisclosed income from continuing operations before income taxes   531245163
Income (loss) from continuing operations before income taxes:(28)(93)(8)101287222178
Income tax expense (benefit)(24)(20)(31)284(106)(72)(31)
Income (loss) from continuing operations:(52)(114)(39)385181149148
Income from discontinued operations 39 9   
Net income (loss):(52)(74)(39)393181149148
Net loss attributable to noncontrolling interest  (2)    
Other undisclosed net income (loss) attributable to parent 11 (1)(1)45
Net income (loss) attributable to parent:(52)(63)(40)393180153153
Other undisclosed net income available to common stockholders, basic12  121012
Net income (loss) available to common stockholders, diluted:(40)(63)(40)394182164165

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(52)(74)(39)393181149148
Other comprehensive income (loss)(81)6(5)(5)(8)(62)(41)
Comprehensive income (loss):(133)(68)(44)38917388106
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(27)8(0)   1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (1)(1)44
Comprehensive income (loss), net of tax, attributable to parent:(161)(60)(44)38717292112

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: