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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000
OR
[ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the transition period from _______________ to ________________.
Commission file number: 0-26176
EchoStar Communications Corporation
(Exact name of registrant as specified in its charter)
Nevada 88-0336997
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
5701 S. Santa Fe
Littleton, Colorado 80120
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (303) 723-1000
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: Class A Common Stock, $0.01 par value
6 ¾% Series C Cumulative Convertible Preferred Stock
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]
As of March 8, 2001, the aggregate market value of Class A Common Stock held by non-affiliates* of the
Registrant approximated $6.8 billion based upon the closing price of the Class A Common Stock as reported on the
Nasdaq National Market as of the close of business on that date.
As of March 8, 2001, the Registrant’s outstanding Common stock consisted of 236,272,921 shares of Class A
Common Stock and 238,435,208 shares of Class B Common Stock, each $0.01 par value.
DOCUMENTS INCORPORATED BY REFERENCE
The following documents are incorporated into this Form 10-K by reference:
Portions of the Registrant’s definitive Proxy Statement to be filed in connection with the Annual Meeting of
Shareholders of Registrant to be held May 4, 2001 are incorporated by reference in Part III herein.
*
Without acknowledging that any individual director or executive officer of the Company is an affiliate, the shares
over which they have voting control have been included as owned by affiliates solely for purposes of this
computation.

Table of contents

  • Page 1
    ... _____ to _____. Commission file number: 0-26176 EchoStar Communications Corporation (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) 5701 S. Santa Fe Littleton, Colorado (Address of principal executive offices) 88-0336997...

  • Page 2
    ... Data...Changes In and Disagreements with Accountants on Accounting and Financial Disclosure ...PART III Item 10. Item 11. Item 12. Item 13. Directors and Executive Officers of the Registrant...Executive Compensation...Security Ownership of Certain Beneficial Owners and Management ...Certain...

  • Page 3
    ... boxes, antennae and other digital equipment for the DISH Network, which we refer to as EchoStar receiver systems, the design, development and distribution of similar equipment for international direct-to-home satellite and other systems, which we refer to as DTH, and the provision of uplink center...

  • Page 4
    ...a DBS System In order to provide programming services to DISH Network subscribers, we have entered into agreements with video, audio and data programmers, who deliver their programming content to our digital broadcast operations center in Cheyenne, Wyoming, via commercial satellites, fiber optics or...

  • Page 5
    ... broadband Internet access combined with DISH Network programming. For new customers who subscribe to a qualifying DISH Network programming package and commit to one year of StarBand Internet service, the StarBand hardware is currently offered for $449 and a standard professional installation starts...

  • Page 6
    ... programming using the remote control. Our mid-level model has all of the basic features but also includes a UHF remote control that allows subscribers to control their EchoStar receiver system from up to 150 feet away through walls, and a high-speed data port. Our premium model includes additional...

  • Page 7
    ... maintains a number of large uplink antennas and other equipment necessary to modulate and demodulate the programming and data signals. Equipment at our digital broadcast operations center performs all compression and encryption of the DISH Network's programming signals. Subscriber Management. We...

  • Page 8
    ... first month's programming payment. We base our marketing promotions on current competitive conditions. Currently, we offer promotions including free equipment and free installation. These promotions are designed to entice subscribers to certain other pay TV services to become DISH Network customers...

  • Page 9
    ... DISH Network to offer local channels or other value added services in more than 30 markets across the United States. The spot beam payloads for each satellite have been designed to work together to maximize the number of local spot markets served across the United States, while providing mutual...

  • Page 10
    ... Dish Network Business Our industry is highly competitive. Our competition includes companies that offer video, audio, data, programming and other entertainment services, including cable television, wireless cable, direct-to-home satellite, other DBS companies and companies that are developing new...

  • Page 11
    ... now offer high speed Internet access over their upgraded cable or fiber optic systems, and AT&T provides telephone service over cable systems. Recently, some cable companies have been offering free digital equipment and installation, together with as much as $500 cash, to entice consumers to switch...

  • Page 12
    ... in connection with the development of the DISH Network. We believe that we have an opportunity to grow this business further in the future. The same employees who design EchoStar receiver systems for the DISH Network are also involved in designing set-top boxes sold to international TV customers...

  • Page 13
    ... in the direct-to-home satellite TV and DBS industry, our technological leadership and new product capabilities, the quality of our video, audio and data transmissions, the quality of service provided, and cost. GOVERNMENT REGULATION The following summary of regulatory developments and legislation...

  • Page 14
    ... requests to the FCC for extensions, modifications, waivers and approvals. In conjunction with our plan to provide local-into-local broadcast service as well as cable programming from the 110 degree orbital location, we moved EchoStar IV to the 119 degree orbital location in early 2000. The move...

  • Page 15
    ... PrimeStar, a DBS provider that DirecTV acquired in 1999, filed a request with the FCC that is still pending requesting that the FCC reverse the International Bureau's grant of an extension. We also have a conditional permit for 11 additional frequencies at the 175 degree orbital location, which was...

  • Page 16
    ...Ka-band orbital locations requested by us and others could permit construction of satellites with sufficient power to allow reception of satellite signals by relatively small dishes. As these projects are in the early stages of development and are currently being challenged by several companies with...

  • Page 17
    ... imposed public interest requirements on direct broadcast satellite licensees, such as us, to set aside four percent of channel capacity exclusively for noncommercial programming for which we must charge programmers below-cost rates and for which we may not impose additional charges on subscribers...

  • Page 18
    ... Broadcast Signals. We believe that our ability to deliver local programming via satellite into the markets from which the programming originates helps us attract subscribers who would not otherwise be willing to purchase satellite systems. Although we have commenced providing local network service...

  • Page 19
    ... could have an adverse effect on our strategy to compete with cable and other satellite companies, which provide local signals. The Satellite Home Viewer Improvement Act of 1999 requires broadcasters to negotiate retransmission consent agreements in good faith. In accordance with the requirements of...

  • Page 20
    ... in the injunction. In October 1998, we filed a declaratory judgment action against ABC, NBC, CBS and FOX in Denver Federal Court. We asked the court to enter a judgment declaring that its method of providing distant network programming did not violate the Satellite Home Viewer Act and hence did not...

  • Page 21
    ... these subscribers to cancel their subscription to our other services. Such terminations would result in a small reduction in our reported average monthly revenue per subscriber and could result in a temporary increase in churn. Dependence on Cable Act for Program Access. Any change in the Cable Act...

  • Page 22
    ... own at rates which would require us to pay them over $100 million for past satellite receiver sales. Gemstar also asserts tens of millions more in royalties each year prospectively, together with, among other things, the right to substantially all future potential on screen programming guide banner...

  • Page 23
    ... EchoStar International Corporation Senior Vice President, General Counsel, Secretary and Director Executive Vice President of DISH Network Senior Vice President of EchoStar Technologies Corporation Senior Vice President and Chief Financial Officer Senior Vice President of International Programming...

  • Page 24
    ...information concerning our material properties: Description/Use/Location Corporate headquarters and customer service center, Littleton, Colorado...EchoStar Technologies Corporation office and distribution center, Englewood, Colorado ...EchoStar Technologies Corporation engineering offices, Englewood...

  • Page 25
    ... we filed suit against DirecTV and Thomson Consumer Electronics/RCA in the Federal District Court of Colorado. The suit alleges that DirecTV has utilized improper conduct in order to fend off competition from the DISH Network. According to the complaint, DirecTV has demanded that certain retailers...

  • Page 26
    ... in the injunction. In October 1998, we filed a declaratory judgment action against ABC, NBC, CBS and FOX in Denver Federal Court. We asked the court to enter a judgment declaring that its method of providing distant network programming did not violate the Satellite Home Viewer Act and hence did not...

  • Page 27
    ... subscription to our other services. Such terminations would result in a small reduction in our reported average monthly revenue per subscriber and could result in a temporary increase in churn. Starsight During October 2000, Starsight Telecast, Inc., a subsidiary of Gemstar-TV Guide, filed a suit...

  • Page 28
    ... Corp. also filed suit against EchoStar, DirecTv and others in the North Carolina Court, alleging infringement of United States Patent Nos. 5,038,211, 5,293,357 and 4,751,578 which relate to certain electronic program guide functions, including the use of electronic program guides to control...

  • Page 29
    ...to professional installers in violation of contractual terms; (2) we manipulated the accounts of subscribers to deny payments to class members; and (3) we misrepresented to class members who owns certain equipment related to the provision of satellite television services. The plaintiff is requesting...

  • Page 30
    ... services ...Satellite services...Other...Total revenue ...Costs and Expenses: DISH Network operating expenses ...Cost of sales - DTH equipment and integration services ...Cost of sales - other...Marketing expenses ...General and administrative ...Non-cash, stock-based compensation...Depreciation...

  • Page 31
    1996 Other Data DISH Network subscribers...Average monthly revenue per subscriber...EBITDA(2)...Less amortization of subscriber acquisition costs...EBITDA, as adjusted to exclude amortization of subscriber acquisition costs ...Net cash flows from: Operating activities...Investing activities ......

  • Page 32
    ...aggressive marketing promotions, including our free installation program, together with increased interest in satellite television resulting from the availability of local network channels by satellite, and positive momentum for the DISH Network. DISH Network subscription television services revenue...

  • Page 33
    ... of our $39.99 per month America's Top 150 programming package. During August 2000, we announced a promotion offering consumers free premium movie channels. Under this promotion, all new subscribers who order either our America's Top 100 CD or America's Top 150 programming package and any or all of...

  • Page 34
    ... set-top boxes, for which production was suspended in favor of our second generation model 7200 set-top boxes. Marketing Expenses. We subsidize the cost and installation of EchoStar receiver systems in order to attract new DISH Network subscribers. Consequently, our subscriber acquisition costs are...

  • Page 35
    ... programs, current cable customers were eligible to receive a free base-level EchoStar receiver system and free installation. To be eligible for this program, a subscriber must have made a one-year commitment to subscribe to either our America's Top 100 CD programming package plus one premium movie...

  • Page 36
    ...-grant appreciation of employee stock options. While there can be no assurance, we expect to achieve positive EBITDA for the year ended December 31, 2001. As previously discussed, to the extent we expand our current marketing promotions and our subscriber acquisition costs materially increase, our...

  • Page 37
    ... basic, premium and pay-per-view subscription television services. For the year ended December 31, 1999, DTH equipment sales and integration services totaled $184 million, a decrease of $72 million compared to the same period during 1998. DTH equipment sales consist of sales of digital set-top boxes...

  • Page 38
    ... digital broadcast center operating expenses due to an increase in the number of operational satellites. Satellite and transmission expenses totaled 3% and 4% of subscription television services revenue during the year ended December 31, 1999 and 1998, respectively. Cost of sales - DTH equipment...

  • Page 39
    ..., tender costs, and premiums paid over the accreted values of the debt retired. LIQUIDITY AND CAPITAL RESOURCES Cash Sources Since inception, we have financed the development of our EchoStar DBS system and the related commercial introduction of the DISH Network service primarily through the sale of...

  • Page 40
    ...the commencement of our new Digital Dynamite promotion. The Digital Dynamite plans offer four choices to consumers, ranging from the use of one EchoStar receiver system and our America's Top 100 CD programming package for $35.99 per month, to providing consumers two EchoStar receiver systems and our...

  • Page 41
    ...own. Insurance coverage is therefore required for at least three of our six satellites currently in orbit. We have procured normal and customary launch insurance for EchoStar VI. This launch insurance policy provides for insurance of $225.0 million. The EchoStar VI launch insurance policy expires in...

  • Page 42
    ... positive future operating and net cash flows is dependent, among other things, upon our ability to retain existing DISH Network subscribers, our ability to manage the growth of our subscriber base, and our ability to grow our ETC and Satellite Services businesses. During 2000, subscriber growth was...

  • Page 43
    ... the year. As is typical in the subscription television service industry, our first half of the year generally produces lower new subscriber revenues than the second half of the year. Our operating results in any period may be affected by the incurrence of advertising and promotion expenses...

  • Page 44
    ... investments in Wildblue Communications, StarBand Communications, VisionStar, Inc. and Replay TV totaling approximately $110 million. The securities of these companies are not publicly traded. StarBand recently announced that it was canceling its planned initial public stock offering. Our ability to...

  • Page 45
    ... required by this Item with respect to the identity and business experience of our executive officers is set forth on page 21 of this report under the caption "Executive Officers." Item 11. EXECUTIVE COMPENSATION The information required by this Item is set forth in our Proxy Statement for...

  • Page 46
    ... SCHEDULES AND REPORTS ON FORM 8-K (a) The following documents are filed as part of this report: (1) Financial Statements Report of Independent Public Accountants...Consolidated Balance Sheets at December 31, 1999 and 2000...Consolidated Statements of Operations and Comprehensive Loss for the years...

  • Page 47
    ... on Form S-3 of EchoStar Communications Corporation, Registration No. 333-31894). Registration Rights Agreement, relating to the 47/8 % Convertible Subordinated Notes Due 2007, dated as of December 8, 1999, by and among EchoStar Communications Corporation and the initial purchasers (incorporated by...

  • Page 48
    ... Quarterly Report on Form 10-Q of EchoStar for the quarter ended September 30, 2000, Commission File No.026176). Registration Rights Agreement dated as of September 25, 2000, by and among EchoStar Broadband Corporation, Donaldson, Lufkin & Jenrette Securities Corporation, Banc of America Securities...

  • Page 49
    ... the Current Report on Form 8-K of EchoStar, filed as of July 2, 1999, Commission File No. 0-26176). Registration Rights Agreement, dated June 24, 1999, by and among EchoStar Communications Corporation, MCI Telecommunications Corporation, American Sky Broadcasting, LLC, and News America Incorporated...

  • Page 50
    ... the close of business on March 10, 2000 received one additional share of common stock for each share they owned on the record date. On September 12, 2000, we filed a Current Report on Form 8-K to report that our wholly-owned subsidiary, EchoStar Broadband Corporation, offered $600 million aggregate...

  • Page 51
    ... Exchange Act of 1934, EchoStar has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ECHOSTAR COMMUNICATIONS CORPORATION By: /s/ Michael R. McDonnell Michael R. McDonnell Senior Vice President and Chief Financial Officer Date: March 12, 2001 Pursuant...

  • Page 52
    Page Consolidated Financial Statements: Report of Independent Public Accountants ...Consolidated Balance Sheets at December 31, 1999 and 2000 ...Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 1998, 1999 and 2000 ...Consolidated Statements of Changes in ...

  • Page 53
    REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To EchoStar Communications Corporation: We have audited the accompanying consolidated balance sheets of EchoStar Communications Corporation (a Nevada corporation) and subsidiaries as of December 31, 1999 and 2000, and the related consolidated statements of ...

  • Page 54
    ... $13,109 and $31,241, respectively ...Insurance receivable ...Inventories...Other current assets...Total current assets...Restricted cash and marketable investment securities...Cash reserved for satellite insurance (Note 3)...Property and equipment, net ...FCC authorizations, net ...Other noncurrent...

  • Page 55
    ...: DISH Network Operating Expenses: Subscriber-related expenses...Customer service center and other...Satellite and transmission ...Total DISH Network operating expenses ...Cost of sales - DTH equipment and integration services ...Cost of sales - other...Marketing: Subscriber promotion subsidies...

  • Page 56
    ...31, 1999 ...Series C Preferred Stock dividends (at $0.84375 per share, per quarter) ...Conversion of Series C Preferred Stock...Issuance of Class A Common Stock: Acquisition of Kelly Broadcasting Systems ...Exercise of stock options...Employee benefits...Employee Stock Purchase Plan...Forfeitures of...

  • Page 57
    ... insurance (Note 3)...Funds released from escrow and restricted cash and marketable investment securities...Purchases of property and equipment...Advances and payments under in-orbit satellite contract...Issuance of notes receivable...Investment in Wildblue Communications...Investment in Replay TV...

  • Page 58
    ... and sale of DBS set-top boxes, antennae and other digital equipment for the DISH Network ("EchoStar receiver systems"), the design, development and distribution of similar equipment for international direct-to-home ("DTH") satellite and other systems and the provision of uplink center design...

  • Page 59
    ... regard to these matters. In addition, EchoStar incurs significant acquisition costs to obtain DISH Network subscribers. The high cost of obtaining new subscribers magnifies the negative effects of subscriber turnover. 2. Summary of Significant Accounting Policies Principles of Consolidation The...

  • Page 60
    ... Convertible Preferred Stock dividends...Satellite vendor financing...Assets acquired from News Corporation and MCI: FCC licenses and other...Satellites ...Digital broadcast operations center...Common Stock issued to News Corporation and MCI ...Class A common stock issued related to acquisition of...

  • Page 61
    ... for EchoStar's high-yield debt are based on quoted market prices. The fair values of EchoStar's mortgages and other notes payable are estimated using discounted cash flow analyses. The interest rates assumed in such discounted cash flow analyses reflect interest rates currently being offered for...

  • Page 62
    ... extent of insurance proceeds received as a result of the launch or in-orbit failure. Depreciation is recorded on a straight-line basis for financial reporting purposes. Repair and maintenance costs are charged to expense when incurred. Renewals and betterments are capitalized. EchoStar reviews its...

  • Page 63
    ... installation promotions and other promotional incentives. Accordingly, subscriber acquisition costs are generally expensed as incurred except for under EchoStar's Digital Dynamite Plan which was initiated during 2000 wherein the Company retains title to the receiver system equipment resulting...

  • Page 64
    ... and copyright fees...Marketing...Advances from News Corporation and MCI for satellite payments...Other...$ 59,769 81,574 91,387 88,204 67,804 110,527 $ 499,265 $ 176,566 131,999 111,228 86,861 18,910 165,918 $ 691,482 Research and Development Costs Research and development costs are expensed as...

  • Page 65
    ...Extraordinary charge for the early retirement of debt ...Basic and diluted loss per share ...Shares of Class A Common Stock issuable upon conversion of: 8% Series A Cumulative Preferred Stock ...6 3/4% Series C Cumulative Convertible Preferred Stock ...4 7/8% Convertible Subordinated Notes ...Year...

  • Page 66
    ... of our new Digital Dynamite promotion. The Digital Dynamite plans offer four choices to consumers, ranging from the use of one EchoStar receiver system and our America's Top 100 programming package for $35.99 per month, to providing consumers two EchoStar receiver systems and our America's Top 150...

  • Page 67
    ... EchoStar has added causes of action in its EchoStar IV demand for arbitration for breach of the duty of good faith and fair dealing, and unfair claim practices. Additionally, EchoStar has filed a lawsuit against the insurance carriers in the United States District Court for the District of Colorado...

  • Page 68
    ... $82 million from cash and cash equivalents to restricted cash and marketable investment securities on its balance sheet. The reclassification will continue until such time, if ever, as the insurers are again willing to insure EchoStar's satellites on commercially reasonable terms. 4. Long...

  • Page 69
    ... in each case from April 1, 1999 plus an amount equal to 100% of the aggregate net cash proceeds received by EDBS and its subsidiaries from the issuance or sale of certain equity interests of EDBS or EchoStar. In the event of a change of control, as defined in the Seven and Ten Year Notes Indentures...

  • Page 70
    ... its subsidiary, EDBS to make an offer to exchange (the "EDBS Exchange Offer") all of the outstanding 10 3/8% Seven Year Notes for a new class of notes issued by EDBS as soon as practical following the first date (as reflected in EDBS' most recent quarterly or annual financial statements) on which...

  • Page 71
    ...855 $ 4,035,944 $ Satellite Vendor Financing The purchase price for satellites is required to be paid in progress payments, some of which are noncontingent payments that are deferred until after the respective satellites are in orbit (satellite vendor financing). EchoStar utilized $36 million, $28...

  • Page 72
    ... the amounts computed by applying the statutory Federal tax rate to income before taxes as follows: Year Ended December 31, 1998 1999 2000 Statutory rate ...State income taxes, net of Federal benefit ...Employee stock option exercise and sale ...Non-deductible interest expense...Other ...Increase in...

  • Page 73
    ... other stockholders own Class A common stock. There are no shares of Class C common stock outstanding. Series C Cumulative Convertible Preferred Stock In November 1997, EchoStar issued 2.3 million shares of 6 3/4% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock") which...

  • Page 74
    ...and unpaid dividends to the redemption date. 7. Stock Compensation Plans Stock Incentive Plan In April 1994, EchoStar adopted a stock incentive plan to provide incentive to attract and retain officers, directors and key employees. EchoStar currently has reserved up to 80 million shares of its Class...

  • Page 75
    ....81 * This amount includes 10.4 million shares outstanding pursuant to the Long Term Incentive Plan. Accounting for Stock-Based Compensation EchoStar has elected to follow Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees," ("APB 25") and related interpretations...

  • Page 76
    ... such employee to purchase capital stock of EchoStar under all stock purchase plans of EchoStar at a rate which would exceed $25,000 in fair market value of capital stock in any one year. The purchase price of the stock is 85% of the closing price of the Class A common stock on the last business day...

  • Page 77
    ... maximum deductible limit provided by the Internal Revenue Code of 1986, as amended. EchoStar's cash contributions to the 401(k) Plan totaled $314,000 in 1998 and 1999, and $1.6 million in 2000. Additionally, during 1998, EchoStar contributed 640,000 shares of its Class A common stock (fair value of...

  • Page 78
    ... had with Kelly Broadcasting Systems, Inc. ("KBS"). DirecTV alleges that EchoStar "merged" with KBS, in contravention of DirecTV's contract with KBS. DirecTV also alleges that EchoStar has falsely advertised to consumers about its right to offer network programming. DirecTV further alleges that...

  • Page 79
    ... of any potential liability or damages. Broadcast network programming Until July 1998, EchoStar obtained distant broadcast network channels (ABC, NBC, CBS and FOX) for distribution to its customers through PrimeTime 24. In December 1998, the United States District Court for the Southern District of...

  • Page 80
    ...- Continued In October 1998, EchoStar filed a declaratory judgment action against ABC, NBC, CBS and FOX in Denver Federal Court. EchoStar asked the court to enter a judgment declaring that its method of providing distant network programming did not violate the Satellite Home Viewer Act and hence did...

  • Page 81
    ... of distant network channels to a substantial portion of its distant network subscriber base, which could also cause many of these subscribers to cancel their subscription to EchoStar's other services. Such terminations would result in a small reduction in EchoStar's reported average monthly revenue...

  • Page 82
    ... installers in violation of contractual terms; (2) EchoStar manipulated the accounts of subscribers to deny payments to class members; and (3) EchoStar misrepresented to class members who owns certain equipment related to provision of satellite television service. The plaintiff is requesting...

  • Page 83
    ... of business. In the opinion of management, the amount of ultimate liability with respect to those actions will not materially affect EchoStar's financial position or results of operations. Meteoroid Events Meteoroid events pose a potential threat to all in orbit geosynchronous satellites including...

  • Page 84
    ECHOSTAR COMMUNICATIONS CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued 10. Segment Reporting Financial Data by Business Unit (in thousands) Statement of Financial Accounting Standard No. 131, "Disclosures About Segments of an Enterprise and Related Information" ("FAS No. 131") ...

  • Page 85
    ... sales accounted for approximately 21%, 8% and 7% of EchoStar's total revenue during each of the three years ended December 31, 2000, respectively. Revenues from these customers are included within the EchoStar Technologies Corporation business unit. 11. Valuation and Qualifying Accounts EchoStar...

  • Page 86
    ... announced an agreement with Lockheed Martin's International Launch Services to provide launch services for the EchoStar VII and EchoStar VIII satellites, which also includes options for launch services for additional satellites. EchoStar VII is expected to launch in the fourth quarter of 2001...