EchoStar CORP

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

ECHO$104.16+2.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Cash Flows

(In thousands)


· · For the Nine Months Ended
· · September 30,
	2025		2024
Cash Flows From Operating Activities:
Net income (loss)		$(13,291,473)		$(459,634)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization		1,372,679		1,470,359
Impairments and other (Note 1)		16,481,468		—
Realized and unrealized losses (gains) and impairments on investments and other		(28,884)		41,929
Asset sales and other (gains) losses		(59,474)		(50,418)
Non-cash, stock-based compensation		27,994		28,298
Interest expense paid in kind on long-term debt		95,120		—
Deferred tax expense (benefit)		(4,328,557)		(85,300)
Changes in allowance for credit losses		8,756		8,037
Change in long-term deferred revenue and other long-term liabilities		36,677		15,996
Other, net		32,073		131,029
Changes in operating assets and operating liabilities, net		(20,431)		106,848
Net cash flows from operating activities		325,948		1,207,144

Cash Flows From Investing Activities:
Purchases of marketable investment securities		(2,767,979)		(29,166)
Sales and maturities of marketable investment securities		2,549,229		563,421
Purchases of property and equipment (Note 7)		(807,632)		(1,200,606)
Capitalized interest related to regulatory authorizations (Note 2)		(676,311)		(642,989)
Purchases of regulatory authorizations, including deposits		—		(1,104)
Sale of assets to CONX		—		26,719
Liberty Puerto Rico asset sale		—		95,435
Sale of Fiber business		47,207		—
Other, net		5,444		10,892
Net cash flows from investing activities		(1,650,042)		(1,177,398)

Cash Flows From Financing Activities:
Repayment of long-term debt, finance lease and other obligations		(60,032)		(101,197)
Redemption and repurchases of term loans, convertible and senior notes		(622,716)		(951,170)
Proceeds from issuance of convertible and senior notes		150,000		—
Debt issuance costs and debt (discount) premium		(946)		—
Proceeds from New DISH DBS Financing		—		2,500,000
Debt issuance costs and debt (discount) premium from New DISH DBS Financing		—		(136,208)
Early debt extinguishment gains (losses) of convertible and senior notes		11,465		—
Class A common stock repurchases		(48,512)		—
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan		35,846		4,347
Purchase of SNR Management's ownership interest in SNR HoldCo		—		(441,998)
Other, net		(27,977)		(4,185)
Net cash flows from financing activities		(562,872)		869,589

Effect of exchange rates on cash and cash equivalents		2,991		(3,458)

Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents		(1,883,975)		895,877
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 5)		4,593,804		1,911,601
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 5)		$2,709,829		$2,807,478

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.