EchoStar CORP

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

ECHO$104.16+2.9%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Statements of Operations and Comprehensive Income (Loss)

(Dollars in thousands, except per share amounts)



· · · For the Years Ended December 31,
· 2024 · 2023 · 2022
Revenue:
Service revenue	$14,956,126	$16,145,763	$17,596,265
Equipment sales and other revenue	869,390	869,835	1,037,981
Total revenue	15,825,516	17,015,598	18,634,246

Costs and Expenses (exclusive of depreciation and amortization):
Cost of services	10,135,622	9,510,427	10,111,341
Cost of sales - equipment and other	1,636,955	2,434,904	2,099,136
Selling, general and administrative expenses	2,426,816	2,989,154	3,015,325
Depreciation and amortization	1,930,193	1,597,923	1,174,895
Impairment of long-lived assets and goodwill	—	761,099	711
Total costs and expenses	16,129,586	17,293,507	16,401,408

Operating income (loss)	(304,070)	(277,909)	2,232,838

Other Income (Expense):
Interest income	116,625	207,374	93,240
Interest expense, net of amounts capitalized (Note 2)	(481,622)	(90,357)	(79,217)
Other, net (Note 6)	593,497	(1,770,792)	1,088,441
Total other income (expense)	228,500	(1,653,775)	1,102,464

Income (loss) before income taxes	(75,570)	(1,931,684)	3,335,302
Income tax (provision) benefit, net	(48,945)	296,860	(798,410)
Net income (loss)	(124,515)	(1,634,824)	2,536,892
Less: Net income (loss) attributable to noncontrolling interests, net of tax	(4,969)	67,233	59,172
Net income (loss) attributable to EchoStar	$(119,546)	$(1,702,057)	$2,477,720

Weighted-average common shares outstanding - Class A and B common stock:
Basic	274,079	270,842	270,102
Diluted	274,079	270,842	307,733

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar	$(0.44)	$(6.28)	$9.17
Diluted net income (loss) per share attributable to EchoStar	$(0.44)	$(6.28)	$8.05

Comprehensive Income (Loss):
Net income (loss)	$(124,515)	$(1,634,824)	$2,536,892
Other comprehensive income (loss):
Foreign currency translation adjustments	(43,525)	19,129	35,449
Unrealized holding gains (losses) on available-for-sale debt securities	1,549	(306)	536
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)	(1,539)	550	(25)
Deferred income tax (expense) benefit, net	565	(512)	(359)
Other	—	—	2,660
Total other comprehensive income (loss), net of tax	(42,950)	18,861	38,261
Comprehensive income (loss)	(167,465)	(1,615,963)	2,575,153
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax	(12,264)	70,883	60,879
Comprehensive income (loss) attributable to EchoStar	$(155,201)	$(1,686,846)	$2,514,274

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.