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

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

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(Dollars in thousands, except per share amounts)


· · For the Three Months Ended · · For the Six Months Ended
· · June 30, · · June 30,
	2024		2023		2024		2023
Revenue:
Service revenue		$3,742,086		$4,088,513		$7,561,755		$8,269,234
Equipment sales and other revenue		210,665		267,949		405,839		474,894
Total revenue		3,952,751		4,356,462		7,967,594		8,744,128

Costs and Expenses (exclusive of depreciation and amortization):
Cost of services		2,507,478		2,391,540		5,064,660		4,854,140
Cost of sales - equipment and other		408,093		583,498		771,176		1,103,558
Selling, general and administrative expenses		595,024		758,562		1,219,446		1,459,334
Depreciation and amortization		507,525		370,633		992,925		718,387
Impairment of long-lived assets and goodwill		—		—		—		3,142
Total costs and expenses		4,018,120		4,104,233		8,048,207		8,138,561

Operating income (loss)		(65,369)		252,229		(80,613)		605,567

Other Income (Expense):
Interest income, net		13,929		54,308		44,391		122,494
Interest expense, net of amounts capitalized (Note 2)		(81,166)		(21,648)		(180,574)		(41,681)
Other, net (Note 5)		(91,498)		34,068		(117,608)		(693)
Total other income (expense)		(158,735)		66,728		(253,791)		80,120

Income (loss) before income taxes		(224,104)		318,957		(334,404)		685,687
Income tax (provision) benefit, net		16,646		(86,265)		18,571		(180,150)
Net income (loss)		(207,458)		232,692		(315,833)		505,537
Less: Net income (loss) attributable to noncontrolling interests, net of tax		(1,867)		20,030		(2,866)		39,341
Net income (loss) attributable to EchoStar		$(205,591)		$212,662		$(312,967)		$466,196

Weighted-average common shares outstanding - Class A and B common stock:
Basic		271,592		270,818		271,555		270,328
Diluted		271,592		308,375		271,555		307,948

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar		$(0.76)		$0.79		$(1.15)		$1.72
Diluted net income (loss) per share attributable to EchoStar		$(0.76)		$0.69		$(1.15)		$1.51

Comprehensive Income (Loss):
Net income (loss)		$(207,458)		$232,692		$(315,833)		$505,537
Other comprehensive income (loss):
Foreign currency translation adjustments		(17,695)		12,917		(23,286)		21,041
Unrealized holding gains (losses) on available-for-sale debt securities		(20)		2,776		1,432		2,536
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		—		2		(1,528)		1
Deferred income tax (expense) benefit, net		(29)		(624)		(29)		(750)
Total other comprehensive income (loss), net of tax		(17,744)		15,071		(23,411)		22,828
Comprehensive income (loss)		(225,202)		247,763		(339,244)		528,365
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax		(5,089)		21,923		(7,207)		43,203
Comprehensive income (loss) attributable to EchoStar		$(220,113)		$225,840		$(332,037)		$485,162

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.