EchoStar CORP

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

ECHO$101.19+6.9%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets

(Dollars in thousands, except share amounts)


· · As of ·
· · December 31, · · December 31, ·
· 2023 · 2022
Assets
Current Assets:
Cash and cash equivalents	$1,821,376	$2,497,536
Marketable investment securities	623,044	1,809,898
Trade accounts receivable, net of allowance for credit losses of $74,390 and $59,790, respectively	1,122,139	1,182,597
Inventory	665,169	625,979
Prepaids and other assets	644,005	617,819
Other current assets	16,081	23,884
Total current assets	4,891,814	6,757,713

Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities	118,065	117,011
Property and equipment, net	9,561,834	7,904,957
Regulatory authorizations, net	38,572,980	37,395,604
Other investments, net	314,370	524,905
Operating lease assets	3,065,448	2,823,834
Intangible assets, net	172,892	1,113,298
Other noncurrent assets, net	411,491	2,110,959
Total noncurrent assets	52,217,080	51,990,568
Total assets	$57,108,894	$58,748,281

Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable	$774,011	$1,023,537
Deferred revenue and other	754,658	833,213
Accrued programming	1,427,762	1,298,777
Accrued interest	297,678	298,043
Other accrued expenses and liabilities	1,717,826	1,436,485
Current portion of long-term debt and finance lease obligations (Note 10)	3,046,654	1,552,559
Total current liabilities	8,018,589	6,442,614

Long-Term Obligations, Net of Current Portion:
Long-term debt and finance lease obligations, net of current portion (Note 10)	19,717,266	21,343,561
Deferred tax liabilities, net	5,014,309	5,354,756
Operating lease liabilities	3,121,307	2,808,774
Long-term deferred revenue and other long-term liabilities	849,131	748,384
Total long-term obligations, net of current portion	28,702,013	30,255,475
Total liabilities	36,720,602	36,698,089

Commitments and Contingencies (Note 15)

Redeemable noncontrolling interests (Note 2)	438,382	464,359

Stockholders’ Equity (Deficit):
Class A common stock, $0.001 par value, 1,600,000,000 shares authorized, 140,153,020 and 138,128,368 shares issued and outstanding, respectively	140	138
Class B common stock, $0.001 par value, 800,000,000 shares authorized, 131,348,468 shares issued and outstanding	131	131
Additional paid-in capital	8,301,979	8,222,599
Accumulated other comprehensive income (loss)	(160,056)	(175,267)
Accumulated earnings (deficit)	11,737,983	13,440,040
Total EchoStar stockholders’ equity (deficit)	19,880,177	21,487,641
Noncontrolling interests	69,733	98,192
Total stockholders’ equity (deficit)	19,949,910	21,585,833
Total liabilities and stockholders’ equity (deficit)	$57,108,894	$58,748,281

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.