EchoStar CORP
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
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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.
Jun 30, 2026 · Filed Aug 3, 2026
ECHO$104.16+2.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Six Months Ended | ||||||
| · · June 30, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash Flows From Operating Activities: | | | | | | |
| Net income (loss) | | $8,315,245 | | $(510,125) | ||
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | | | | | | |
| Depreciation and amortization | | | 337,144 | | | 981,388 |
| Impairments and other | | | (68,445) | | | — |
| Deconsolidation gain (Note 3) | | | (9,728,958) | | | — |
| Realized and unrealized losses (gains) and impairments on investments and other | | | (8,472) | | | (64,831) |
| Non-cash, stock-based compensation | | | 23,363 | | | 16,123 |
| Interest expense paid in kind on long-term debt | | | — | | | 114,756 |
| Deferred tax expense (benefit) | | | 1,289,307 | | | (174,719) |
| Changes in allowance for credit losses | | | (5,352) | | | 15,603 |
| Change in long-term deferred revenue and other long-term liabilities | | | (82,222) | | | 420 |
| Other, net | | | 100,005 | | | 609 |
| Changes in operating assets and operating liabilities, net | | | 56,709 | | | (164,957) |
| Net cash flows from operating activities | | | 228,324 | | | 214,267 |
| | | | | | | |
| Cash Flows From Investing Activities: | | | | | | |
| Purchases of marketable investment securities | | | (577,120) | | | (2,247,724) |
| Sales and maturities of marketable investment securities | | | 1,571,636 | | | 1,526,245 |
| Purchases of property and equipment (Note 8) | | | (225,734) | | | (551,600) |
| Capitalized interest related to regulatory authorizations (Note 2) | | | — | | | (573,785) |
| SpaceX Reimbursement of Cash Interim Debt Service Payments (Note 1) | | | 413,663 | | | — |
| Cash divested from the Deconsolidated Entities | | | (362,968) | | | — |
| Sale of Fiber business | | | — | | | 47,207 |
| Other, net | | | (7,743) | | | (64) |
| Net cash flows from investing activities | | | 811,734 | | | (1,799,721) |
| | | | | | | |
| Cash Flows From Financing Activities: | | | | | | |
| Repayment of debt, finance lease and other obligations | | | (16,221) | | | (46,272) |
| Redemption and repurchases of debt (Note 10) | | | (1,787,082) | | | (456,049) |
| Proceeds from issuance of debt (Note 10) | | | — | | | 150,000 |
| Debt issuance costs and debt (discount) premium | | | — | | | (946) |
| Early debt redemption gains (losses) | | | — | | | 11,465 |
| Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan | | | 21,689 | | | 6,994 |
| Other, net | | | 2,700 | | | (31,189) |
| Net cash flows from financing activities | | | (1,778,914) | | | (365,997) |
| | | | | | | |
| Effect of exchange rates on cash and cash equivalents | | | 19 | | | 2,965 |
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents | | | (738,837) | | | (1,948,486) |
| Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 6) | | | 2,182,155 | | | 4,593,804 |
| Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 6) | | $1,443,318 | | $2,645,318 | ||
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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