EchoStar CORP

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

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, 2026 · Filed Nov 3, 2026

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

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Contents

Condensed Consolidated Statements of Cash Flows

(In thousands)


· · For the Nine Months Ended
· · September 30,
· · 2026 · · 2025
Cash Flows From Operating Activities:
Net income (loss)	$11,097,363	$(13,291,473)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	423,508	1,372,679
Impairments and other	(60,366)	16,481,468
Deconsolidation gain (Note 3)	(10,168,111)	—
AT&T Transactions gain (Note 1)	(3,106,788)	—
Realized and unrealized losses (gains) and impairments on investments and other	85,037	(28,884)
Asset sales and other losses (gains)	—	(59,474)
Non-cash, stock-based compensation	26,005	27,994
Interest expense paid in kind on long-term debt	—	95,120
Deferred tax expense (benefit)	1,421,315	(4,328,557)
Changes in allowance for credit losses	(1,344)	8,756
Change in long-term deferred revenue and other long-term liabilities	175,213	36,677
Other, net	(127,991)	32,073
Changes in operating assets and operating liabilities, net	577,526	(20,431)
Net cash flows from operating activities	341,367	325,948

Cash Flows From Investing Activities:
Purchases of marketable investment securities	(1,017,068)	(2,767,979)
Sales and maturities of marketable investment securities	1,615,972	2,549,229
Purchases of property and equipment (Note 12)	(290,701)	(807,632)
Capitalized interest related to regulatory authorizations (Note 2)	—	(676,311)
SpaceX Reimbursement of Cash Interim Debt Service Payments (Note 1)	413,663	—
Cash divested from the Deconsolidated Subsidiaries	(486,966)	—
AT&T Transactions (Note 1)	20,250,000	—
Advances to the Deconsolidated Subsidiaries	(200,726)	—
Sale of Fiber business	—	47,207
Other, net	17,432	5,444
Net cash flows from investing activities	20,301,606	(1,650,042)

Cash Flows From Financing Activities:
Repayment of debt, finance lease and other obligations	(21,401)	(60,032)
Redemption and repurchases of debt (Note 10)	(8,176,692)	(622,716)
Proceeds from issuance of debt	—	150,000
Debt issuance costs and debt (discount) premium	—	(946)
Early debt redemption gains (losses)	(102,830)	11,465
Obligations settled on behalf of the June 2026 Filing Entities (Note 3)	(1,055,678)	—
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	28,273	35,846
Other, net	3,971	(27,977)
Net cash flows from financing activities	(9,324,357)	(562,872)

Effect of exchange rates on cash and cash equivalents	1,041	2,991

Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents	11,319,657	(1,883,975)
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)	$13,501,812	$2,709,829

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.