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 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 Nine Months Ended
· · September 30, · · September 30,
	2024		2023		2024		2023
Revenue:
Service revenue		$3,671,674		$3,942,308		$11,233,429		$12,211,542
Equipment sales and other revenue		219,310		166,566		625,149		641,460
Total revenue		3,890,984		4,108,874		11,858,578		12,853,002

Costs and Expenses (exclusive of depreciation and amortization):
Cost of services		2,538,149		2,368,621		7,602,809		7,222,761
Cost of sales - equipment and other		393,024		612,378		1,164,200		1,715,936
Selling, general and administrative expenses		643,144		762,013		1,862,590		2,221,347
Depreciation and amortization		477,434		397,211		1,470,359		1,115,598
Impairment of long-lived assets and goodwill		—		—		—		3,142
Total costs and expenses		4,051,751		4,140,223		12,099,958		12,278,784

Operating income (loss)		(160,767)		(31,349)		(241,380)		574,218

Other Income (Expense):
Interest income		11,200		43,915		55,591		166,409
Interest expense, net of amounts capitalized (Note 2)		(81,503)		(21,795)		(262,077)		(63,476)
Other, net (Note 5)		52,107		(168,947)		(65,501)		(169,640)
Total other income (expense)		(18,196)		(146,827)		(271,987)		(66,707)

Income (loss) before income taxes		(178,963)		(178,176)		(513,367)		507,511
Income tax (provision) benefit, net		35,162		59,439		53,733		(120,711)
Net income (loss)		(143,801)		(118,737)		(459,634)		386,800
Less: Net income (loss) attributable to noncontrolling interests, net of tax		(1,989)		19,634		(4,855)		58,975
Net income (loss) attributable to EchoStar		$(141,812)		$(138,371)		$(454,779)		$327,825

Weighted-average common shares outstanding - Class A and B common stock:
Basic		271,736		271,245		271,616		270,637
Diluted		271,736		271,245		271,616		308,259

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar		$(0.52)		$(0.51)		$(1.67)		$1.21
Diluted net income (loss) per share attributable to EchoStar		$(0.52)		$(0.51)		$(1.67)		$1.06

Comprehensive Income (Loss):
Net income (loss)		$(143,801)		$(118,737)		$(459,634)		$386,800
Other comprehensive income (loss):
Foreign currency translation adjustments		1,686		(8,446)		(21,600)		12,595
Unrealized holding gains (losses) on available-for-sale debt securities		66		(1,140)		1,497		1,396
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(15)		481		(1,542)		482
Deferred income tax (expense) benefit, net		76		(64)		47		(814)
Total other comprehensive income (loss), net of tax		1,813		(9,169)		(21,598)		13,659
Comprehensive income (loss)		(141,988)		(127,906)		(481,232)		400,459
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax		(1,538)		17,731		(8,745)		60,934
Comprehensive income (loss) attributable to EchoStar		$(140,450)		$(145,637)		$(472,487)		$339,525

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.