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$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 Six Months Ended
· · June 30,
	2024		2023
Cash Flows From Operating Activities:
Net income (loss)		$(315,833)		$505,537
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization		992,925		718,387
Impairment of long-lived assets and goodwill		—		3,142
Realized and unrealized losses (gains) on investments, impairments and other		49,312		(31,109)
Realized and unrealized losses (gains) on derivatives		—		36,974
Non-cash, stock-based compensation		19,693		27,306
Deferred tax expense (benefit)		(35,300)		143,754
Changes in allowance for credit losses		33,108		1,531
Change in long-term deferred revenue and other long-term liabilities		8,139		(3,356)
Other, net		192,710		67,120
Changes in current assets and current liabilities, net		(13,770)		69,820
Net cash flows from operating activities		930,984		1,539,106

Cash Flows From Investing Activities:
Purchases of marketable investment securities		(21,847)		(2,051,128)
Sales and maturities of marketable investment securities		501,512		1,917,860
Purchases of property and equipment		(866,922)		(1,700,818)
Refunds and other receipts of purchases of property and equipment		—		31,371
Capitalized interest related to regulatory authorizations (Note 2)		(481,807)		(581,766)
Proceeds from other debt investments		—		148,448
Purchases of regulatory authorizations, including deposits		(1,104)		(1,771)
Sale of assets to CONX (Note 13)		26,719		—
Other, net		(4,716)		(13,286)
Net cash flows from investing activities		(848,165)		(2,251,090)

Cash Flows From Financing Activities:
Repayment of long-term debt and finance lease obligations		(52,758)		(53,514)
Redemption and repurchases of convertible and senior notes		(951,170)		(1,582,181)
Proceeds from issuance of senior notes		—		1,500,000
Early debt extinguishment gains (losses) of convertible and senior notes		—		68,086
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan		1,832		8,297
Purchase of SNR Management's ownership interest in SNR HoldCo		(441,998)		—
Debt issuance costs and debt (discount) premium		—		21,635
Other, net		2		(4,710)
Net cash flows from financing activities		(1,444,092)		(42,387)

Effect of exchange rates on cash and cash equivalents		(3,701)		3,483

Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents		(1,364,974)		(750,888)
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)		$546,627		$1,810,915

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.