EchoStar CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
ECHO$104.16+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Three Months Ended | ||||||
| · · March 31, | ||||||
| | 2024 | 2023 | ||||
| Cash Flows From Operating Activities: | | | | | | |
| Net income (loss) | $(108,375) | | $272,845 | |||
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | | | | | | |
| Depreciation and amortization | | | 485,400 | | | 347,754 |
| Impairment of long-lived assets and goodwill | | | — | | | 3,142 |
| Realized and unrealized losses (gains) on investments, impairments and other | | | 23,893 | | | 7,368 |
| Realized and unrealized losses (gains) on derivatives | | | — | | | 28,961 |
| Non-cash, stock-based compensation | | | 9,058 | | | 14,628 |
| Deferred tax expense (benefit) | | | (11,688) | | | 77,265 |
| Changes in allowance for credit losses | | | 10,516 | | | 1,004 |
| Change in long-term deferred revenue and other long-term liabilities | | | (3,871) | | | (8,027) |
| Other, net | | | 64,914 | | | 34,380 |
| Changes in current assets and current liabilities, net | | | (18,588) | | | 10,627 |
| Net cash flows from operating activities | | | 451,259 | | | 789,947 |
| | | | | | | |
| Cash Flows From Investing Activities: | | | | | | |
| Purchases of marketable investment securities | | | (19,135) | | | (606,676) |
| Sales and maturities of marketable investment securities | | | 458,792 | | | 1,372,198 |
| Purchases of property and equipment | | | (519,612) | | | (766,281) |
| Refunds and other receipts of purchases of property and equipment | | | — | | | 15,000 |
| Capitalized interest related to regulatory authorizations (Note 2) | | | (158,084) | | | (199,395) |
| Purchases of regulatory authorizations, including deposits | | | (1,104) | | | (1,771) |
| Other, net | | | 998 | | | (17,933) |
| Net cash flows from investing activities | | | (238,145) | | | (204,858) |
| | | | | | | |
| Cash Flows From Financing Activities: | | | | | | |
| Repayment of long-term debt and finance lease obligations | | | (27,125) | | | (27,255) |
| Redemption and repurchases of convertible and senior notes | | | (951,168) | | | (1,443,179) |
| Proceeds from issuance of senior notes | | | — | | | 1,500,000 |
| Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan | | | (160) | | | 3,967 |
| Purchase of SNR Management's ownership interest in SNR HoldCo | | | (441,998) | | | — |
| Proceeds from accrued interest in conjunction with the issuance of senior notes | | | — | | | 34,760 |
| Debt issuance costs and debt (discount) premium | | | — | | | 21,635 |
| Other, net | | | — | | | (5,073) |
| Net cash flows from financing activities | | | (1,420,451) | | | 84,855 |
| | | | | | | |
| Effect of exchange rates on cash and cash equivalents | | | (849) | | | 1,677 |
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents | | | (1,208,186) | | | 671,621 |
| Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 5) | | | 1,911,601 | | | 2,561,803 |
| Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 5) | | $703,415 | | $3,233,424 | ||
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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