Dish Network 1999 Annual Report Download - page 52

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
F–4
Year Ended December 31,
1997 1998 1999
Revenue:
DISH Network:
Subscription television services ............................................................. $ 298,883 $ 669,310 $ 1,344,136
Other ....................................................................................................... 45,367 13,722 8,467
Total DISH Network................................................................................... 344,250 683,032 1,352,603
DTH equipment sales and integration services .......................................... 91,637 256,193 184,041
Satellite services.......................................................................................... 11,135 22,366 41,071
C-band and other ......................................................................................... 30,396 21,075 25,126
Total revenue.................................................................................................... 477,418 982,666 1,602,841
Costs and Expenses:
DISH Network Operating Expenses:
Subscriber-related expenses ................................................................... 143,574 296,923 574,828
Customer service center and other ......................................................... 35,137 72,496 121,576
Satellite and transmission....................................................................... 14,563 25,992 42,906
Total DISH Network operating expenses................................................... 193,274 395,411 739,310
Cost of sales – DTH equipment and integration services........................... 61,992 173,388 148,427
Cost of sales – C-band and other ................................................................ 23,909 16,496 17,084
Marketing:
Subscriber promotion subsidies ............................................................. 145,061 272,523 662,360
Advertising and other ............................................................................. 34,862 47,998 64,701
Total marketing expenses............................................................................ 179,923 320,521 727,061
General and administrative ......................................................................... 69,315 97,105 204,822
Amortization of subscriber acquisition costs.............................................. 121,735 18,869 –
Depreciation and amortization.................................................................... 51,541 83,767 113,228
Total costs and expenses.................................................................................. 701,689 1,105,557 1,949,932
Operating loss .................................................................................................. (224,271) (122,891) (347,091)
Other Income (Expense):
Interest income ............................................................................................ 17,251 30,286 26,179
Interest expense, net of amounts capitalized............................................... (104,192) (167,529) (201,613)
Other............................................................................................................ (1,467) (704) (1,169)
Total other income (expense) .......................................................................... (88,408) (137,947) (176,603)
Loss before income taxes................................................................................. (312,679) (260,838) (523,694)
Income tax provision, net................................................................................. (146) (44) (154)
Net loss before extraordinary charges ............................................................. (312,825) (260,882) (523,848)
Extraordinary charge for early retirement of debt, net of tax.......................... – – (268,999)
Net loss............................................................................................................. $ (312,825) $ (260,882) $ (792,847)
Change in unrealized gain (loss) on available-for-sale securities,
net of tax .................................................................................................... (8) 19 –
Comprehensive loss ......................................................................................... $ (312,833) $ (260,863) $ (792,847)
Net loss attributable to common shareholders (Note 2) .................................. $ (321,267) $ (296,097) $ (800,100)
Weighted-average common shares outstanding .............................................. 167,672 179,928 208,238
Basic and diluted loss per share....................................................................... $ (1.92) $ (1.65) $ (3.84)