EchoStar CORP

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

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.

Jun 30, 2024 · Filed Aug 9, 2024

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

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Contents

Condensed Consolidated Balance Sheets

(Dollars in thousands, except share amounts)


· · As of
· · June 30, · · December 31,
	2024		2023
Assets
Current Assets:
Cash and cash equivalents		$419,246		$1,821,376
Marketable investment securities		101,331		623,044
Trade accounts receivable, net of allowance for credit losses of $107,498 and $74,390, respectively		1,052,855		1,122,139
Inventory		557,257		665,169
Prepaids and other assets		642,158		644,005
Other current assets		15,019		16,081
Total current assets		2,787,866		4,891,814

Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities		143,429		118,065
Property and equipment, net		9,427,192		9,561,834
Regulatory authorizations, net		39,053,041		38,572,980
Other investments, net		243,191		314,370
Operating lease assets		3,137,306		3,065,448
Intangible assets, net		86,992		172,892
Other noncurrent assets, net		376,176		411,491
Total noncurrent assets		52,467,327		52,217,080
Total assets		$55,255,193		$57,108,894

Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable		$655,455		$774,011
Deferred revenue and other		670,439		754,658
Accrued programming		1,546,377		1,427,762
Accrued interest		289,302		297,678
Other accrued expenses and liabilities		1,732,389		1,717,826
Current portion of long-term debt and finance lease obligations (Note 9)		2,082,919		3,046,654
Total current liabilities		6,976,881		8,018,589

Long-Term Obligations, Net of Current Portion:
Long-term debt and finance lease obligations, net of current portion (Note 9)		19,678,708		19,717,266
Deferred tax liabilities, net		4,975,164		5,014,309
Operating lease liabilities		3,115,265		3,121,307
Long-term deferred revenue and other long-term liabilities		877,224		849,131
Total long-term obligations, net of current portion		28,646,361		28,702,013
Total liabilities		35,623,242		36,720,602

Commitments and Contingencies (Note 10)

Redeemable noncontrolling interests (Note 2)		—		438,382

Stockholders’ Equity (Deficit):
Class A common stock, $0.001 par value, 1,600,000,000 shares authorized, 140,318,473 and 140,153,020 shares issued and outstanding, respectively		140		140
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		8,326,880		8,301,979
Accumulated other comprehensive income (loss)		(179,126)		(160,056)
Accumulated earnings (deficit)		11,425,016		11,737,983
Total EchoStar stockholders’ equity (deficit)		19,573,041		19,880,177
Noncontrolling interests		58,910		69,733
Total stockholders’ equity (deficit)		19,631,951		19,949,910
Total liabilities and stockholders’ equity (deficit)		$55,255,193		$57,108,894

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.