Dish Network 1997 Annual Report Download - page 51

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
F–4
Years Ended December 31,
1995 1996 1997
Revenue:
DISH Network:
Subscription television services ................................ .............................. $ – $ 49,650 $ 298,883
Other................................ ................................ ................................ ........ –10,482 45,367
Total DISH Network ................................ ................................ ................... –60,132 344,250
DTH equipment sales and integration services ................................ ........... 35,816 78,062 91,637
Satellite services ................................ ................................ .......................... –5,822 11,135
C-band and other ................................ ................................ ......................... 112,704 54,885 30,396
Total revenue ................................ ................................ ................................ .... 148,520 198,901 477,418
Costs and Expenses:
DISH Network Operating Expenses:
Subscriber-related expenses ................................ ................................ .... –22,840 143,574
Customer service center and other ................................ .......................... –13,043 35,137
Satellite and transmission ................................ ................................ ....... –6,573 14,563
Total DISH Network operating expenses ................................ ................... –42,456 193,274
Cost of sales – DTH equipment and integration services ........................... 30,404 76,384 61,992
Cost of sales – C-band and other ................................ ................................ . 84,846 42,349 23,909
Marketing:
Subscriber promotion subsidies ................................ .............................. –33,591 145,061
Advertising and other ................................ ................................ .............. 1,786 17,929 34,862
Total marketing expenses ................................ ................................ ............ 1,786 51,520 179,923
General and administrative ................................ ................................ .......... 36,397 52,123 69,315
Amortization of subscriber acquisition costs ................................ .............. –16,073 121,735
Depreciation and amortization ................................ ................................ .... 3,114 27,341 51,541
Total costs and expenses ................................ ................................ .................. 156,547 308,246 701,689
Operating loss ................................ ................................ ................................ ... ( 8,027) (109,345) (224,271)
Other Income (Expense):
Interest income................................ ................................ ............................. 14,059 15,630 17,251
Interest expense, net of amounts capitalized ................................ ............... (23,985) ( 61,487) (104,192)
Other ................................ ................................ ................................ ............ 722 ( 477) ( 1,467)
Total other income (expense) ................................ ................................ ........... ( 9,204) ( 46,334) ( 88,408)
Loss before income taxes ................................ ................................ ................. (17,231) (155,679) (312,679)
Income tax benefit (provision), net ................................ ................................ .. 5,745 54,693 ( 146)
Net loss ................................ ................................ ................................ ............. $(11,486) $(100,986) $(312,825)
Net loss attributable to common shareholders ................................ ................. $(12,690) $(102,190) $(321,267)
Weighted-average common shares outstanding ................................ .............. 35,562 40,548 41,918
Basic and diluted loss per share ................................ ................................ ....... $( 0.36) $( 2.52) $( 7.66)