Dish Network 1997 Annual Report Download - page 87

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
15. Valuation and Qualifying Accounts
EchoStar’s valuation and qualifying accounts as of December 31, 1995, 1996 and 1997 are as follows (in
thousands):
Balance at
Beginning of
Year
Charged to
Costs and
Expenses Deductions
Balance at
End of Year
Year ended December 31, 1995:
Assets:
Allowance for doubtful accounts ......... $ 186 $ 1,160 $( 240) $1,106
Loan loss reserve................................ 95 19 ( 36) 78
Reserve for inventory ......................... 1,585 1,511 ( 299) 2,797
Liabilities:
Reserve for warranty costs and other ... 1,493 562 ( 950) 1,105
Year ended December 31, 1996:
Assets:
Allowance for doubtful accounts ......... $1,106 $ 2,340 $(1,952) $1,494
Loan loss reserve................................ 78 660 ( 94) 644
Reserve for inventory ......................... 2,797 4,304 (1,438) 5,663
Liabilities:
Reserve for warranty costs and other ... 1,105 ( 342) –763
Year ended December 31, 1997:
Assets:
Allowance for doubtful accounts ......... $1,494 $ 4,343 $(4,490) $1,347
Loan loss reserve................................ 644 714 ( 104) 1,254
Reserve for inventory ......................... 5,663 1,650 (3,473) 3,840
Liabilities:
Reserve for warranty costs and other ... 763 –(53) 710
16. Quarterly Financial Data ( Unaudited)
EchoStar’s quarterly results of operations are summarized as follows (in thousands):
Three Months Ended
March 31 June 30 September 30 December 31
Year Ended December 31, 1996:
Total revenue ................................ .... $37,498 $ 70,651 $ 39,037 $ 51,715
Operating loss ................................ ... ( 8,629) (14,057) ( 26,898) (59,761)
Net loss................................ ............. ( 7,221) (22,554) ( 26,518) (44,693)
Basic and diluted loss per share ....... $( 0.19) $( 0.57) $( 0.66) $( 1.10)
Year Ended December 31, 1997:
Total revenue ................................ .... $69,524 $ 98,691 $ 130,038 $ 179,165
Operating loss ................................ ... (44,596) (43,021) ( 88,725) ( 47,929)
Net loss................................ ............. (62,866) (63,789) (115,157) ( 71,013)
Basic and diluted loss per share ....... $( 1.54) $( 1.54) $( 2.78) $( 1.80)
Certain revenue amounts reflected above have been reclassified to conform with the 1997 presentation.