EchoStar CORP

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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 Nine Months Ended
· · September 30,
	2024		2023
Cash Flows From Operating Activities:
Net income (loss)		$(459,634)		$386,800
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization		1,470,359		1,115,598
Impairment of long-lived assets and goodwill		—		3,142
Realized and unrealized losses (gains) on investments, impairments and other		41,929		(24,866)
Realized and unrealized losses (gains) on derivatives		—		192,107
Liberty Puerto Rico Asset Sale losses (gains) (Note 10)		(50,418)		—
Non-cash, stock-based compensation		28,298		37,729
Deferred tax expense (benefit)		(85,300)		103,614
Equity in (earnings) losses of affiliates		74,459		6,671
Changes in allowance for credit losses		8,037		8,638
Change in long-term deferred revenue and other long-term liabilities		15,996		9,122
Other, net		137,700		80,665
Changes in current assets and current liabilities, net		25,718		102,330
Net cash flows from operating activities		1,207,144		2,021,550

Cash Flows From Investing Activities:
Purchases of marketable investment securities		(29,166)		(2,384,614)
Sales and maturities of marketable investment securities		563,421		3,092,693
Purchases of property and equipment		(1,200,606)		(2,533,745)
Refunds and other receipts of purchases of property and equipment		—		34,611
Capitalized interest related to regulatory authorizations (Note 2)		(642,989)		(747,743)
Proceeds from other debt investments		—		148,448
Purchases of regulatory authorizations, including deposits		(1,104)		(1,802)
Sale of assets to CONX (Note 13)		26,719		—
Liberty Puerto Rico Asset Sale (Note 10)		95,435		—
Other, net		10,892		(17,258)
Net cash flows from investing activities		(1,177,398)		(2,409,410)

Cash Flows From Financing Activities:
Repayment of long-term debt, finance lease and other obligations		(101,197)		(98,933)
Redemption and repurchases of convertible and senior notes		(951,170)		(1,634,084)
Proceeds from issuance of senior notes		—		1,500,000
Debt issuance costs and debt (discount) premium		—		21,635
Proceeds from New DISH DBS Financing (Note 9)		2,500,000		—
Debt issuance costs and debt (discount) premium from New DISH DBS Financing		(136,208)		—
Early debt extinguishment gains (losses) of convertible and senior notes		—		72,566
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan		4,347		11,570
Purchase of SNR Management's ownership interest in SNR HoldCo		(441,998)		—
Other, net		(4,185)		(5,997)
Net cash flows from financing activities		869,589		(133,243)

Effect of exchange rates on cash and cash equivalents		(3,458)		1,622

Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents		895,877		(519,481)
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)		$2,807,478		$2,042,322

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.