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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5462,5342,4603,2103,2463,0941,537
Cash and cash equivalents5368961,5199282,4312,571924
Short-term investments1,0101,6389412,282814523612
Receivables182184197215240488456
Inventory, net of allowances, customer advances and progress billings103988075847267
Inventory103988075847267
Prepaid expense      57
Disposal group, including discontinued operation    0  
Other current assets19819018019921117
Other undisclosed current assets(103)(98)(80)615558 
Total current assets:1,9272,9082,8363,5813,7163,7232,134
Noncurrent Assets
Finance lease, right-of-use asset258278326
Operating lease, right-of-use asset149128114
Property, plant and equipment382  3,4153,4653,6693,413
Long-term investments and receivables298285325358254288300
Long-term investments298285325262161197209
Due from related parties   95939191
Intangible assets, net (including goodwill)9679901,4551,0441,1001,1441,187
Goodwill511512507504504511511
Intangible assets, net (excluding goodwill)456479948540596633676
Restricted cash and investments  2  1321
Other noncurrent assets338353335264215172186
Other undisclosed noncurrent assets1,7262,1311,760    
Total noncurrent assets:4,1184,1654,3185,0805,0345,2865,107
TOTAL ASSETS:6,0457,0737,1548,6618,7509,0097,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities319422394312302426405
Accounts payable109122124121108190214
Accrued liabilities2093002707298132161
Employee-related liabilities   54485830
Taxes payable   16   
Interest and dividends payable   474847 
Deferred revenue141105101
Debt 8980960413736
Due to related parties   25525
Disposal group, including discontinued operation    1  
Deferred revenue and credits666362
Contract with customer, liability72
Total current liabilities:4601,4254961,345414531527
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4961,4952,3902,5733,5943,6232,188
Long-term debt, excluding current maturities1,4961,495     
Finance lease, liability 01
Capital lease obligations188229265298
Operating lease, liability13511597
Other undisclosed long-term debt and lease obligation(135)(115)2,2922,3853,3653,3581,890
Liabilities, other than long-term debt551370362476436754744
Accounts payable and accrued liabilities136      
Deferred revenue111111
Contract with customer, liability10
Deferred tax liabilities, net466436754650
Deferred income tax liabilities404360352
Other liabilities      94
Other undisclosed noncurrent liabilities12417516111112994 
Total noncurrent liabilities:2,1712,0412,9133,1614,1594,4712,932
Total liabilities:2,6313,4663,4094,5064,5735,0023,459
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3543,5423,6704,1404,1633,9203,695
Treasury stock, value(437)(175)(131)(131)(98)(98)(98)
Additional paid in capital3,3463,3213,2903,7033,6693,8293,776
Accumulated other comprehensive loss(212)(188)(122)(125)(130)(125)(117)
Retained earnings656584633694721314134
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest60657615151311
Other undisclosed stockholders' equity     7475
Total stockholders' equity:3,4143,6073,7464,1554,1774,0073,782
TOTAL LIABILITIES AND EQUITY:6,0457,0737,1548,6618,7509,0097,241

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9861,8881,8862,0911,8863,0573,144
Revenue, net1,8863,0573,144
Cost of revenue(761)(696)(721)(751)(758)(1,736)(1,806)
Cost of goods and services sold    (758)(1,736)(1,805)
Gross profit:1,2251,1921,1651,3401,1271,3211,337
Operating expenses(1,008)(1,079)(1,092)(1,157)(931)(957)(981)
Operating income:21711273183196364356
Nonoperating income (expense)67151006351(78)(134)
Investment income, nonoperating929111684531(7)
Foreign currency transaction gain (loss), before tax(13)6(12)    
Other nonoperating income (expense)(12)0(0)(5)72(2)
Interest and debt expense(96)(148)(251)(249)(217)(124)(5)
Income (loss) from continuing operations before equity method investments, income taxes:189(21)(78)(2)30163217
Income (loss) from equity method investments(5)(7)(15)(6)17  
Other undisclosed income (loss) from continuing operations before income taxes(55)   531245
Income (loss) from continuing operations before income taxes:128(28)(93)(8)101287222
Income tax expense (benefit)(66)(24)(20)(31)284(106)(72)
Income (loss) from continuing operations:63(52)(114)(39)385181149
Income from discontinued operations  39 9  
Net income (loss):63(52)(74)(39)393181149
Net loss attributable to noncontrolling interest   (2)   
Other undisclosed net income (loss) attributable to parent  11 (1)(1)4
Net income (loss) attributable to parent:63(52)(63)(40)393180153
Other undisclosed net income available to common stockholders, basic1012  1210
Net income (loss) available to common stockholders, diluted:73(40)(63)(40)394182164

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):63(52)(74)(39)393181149
Other comprehensive income (loss)(29)(81)6(5)(5)(8)(62)
Comprehensive income (loss):34(133)(68)(44)38917388
Comprehensive income (loss), net of tax, attributable to noncontrolling interest15(27)8(0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (1)(1)4
Comprehensive income (loss), net of tax, attributable to parent:49(161)(60)(44)38717292

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: