Dish Network 2000 Annual Report Download - page 55

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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,
1998 1999 2000
Revenue:
DISH Network:
Subscription television services............................................................... $ 669,310 $ 1,344,136 $ 2,346,700
Other......................................................................................................... 13,722 8,467 5,537
Total DISH Network .................................................................................... 683,032 1,352,603 2,352,237
DTH equipment sales and integration services............................................ 256,193 184,041 259,830
Satellite services ........................................................................................... 22,366 41,071 61,105
Other ............................................................................................................. 21,075 25,126 42,048
Total revenue..................................................................................................... 982,666 1,602,841 2,715,220
Costs and Expenses:
DISH Network Operating Expenses:
Subscriber-related expenses..................................................................... 296,923 574,828 970,374
Customer service center and other........................................................... 72,496 117,249 250,704
Satellite and transmission ........................................................................ 25,992 40,598 44,367
Total DISH Network operating expenses .................................................... 395,411 732,675 1,265,445
Cost of sales – DTH equipment and integration services ............................ 173,388 148,427 194,963
Cost of sales – other...................................................................................... 16,496 17,084 32,992
Marketing:
Subscriber promotion subsidies – promotional DTH equipment............ 243,425 478,122 747,020
Subscriber promotion subsidies – other................................................... 29,098 184,238 273,080
Advertising and other............................................................................... 47,998 64,701 138,540
Total marketing expenses ............................................................................. 320,521 727,061 1,158,640
General and administrative........................................................................... 97,105 150,397 250,425
Non-cash, stock-based compensation .......................................................... –61,060 51,465
Amortization of subscriber acquisition costs ............................................... 18,869 – –
Depreciation and amortization ..................................................................... 83,767 113,228 185,356
Total costs and expenses ................................................................................... 1,105,557 1,949,932 3,139,286
Operating loss.................................................................................................... (122,891) (347,091) (424,066)
Other Income (Expense):
Interest income.............................................................................................. 30,286 26,179 79,733
Interest expense, net of amounts capitalized................................................ (167,529) (201,613) (267,990)
Other ............................................................................................................. (704) (1,169) (8,333)
Total other income (expense)............................................................................ (137,947) (176,603) (196,590)
Loss before income taxes .................................................................................. (260,838) (523,694) (620,656)
Income tax provision, net .................................................................................. (44) (154) (555)
Loss before extraordinary charges .................................................................... (260,882) (523,848) (621,211)
Extraordinary charge for early retirement of debt, net of tax ........................... –(268,999) –
Net loss .............................................................................................................. $ (260,882) $ (792,847) $ (621,211)
Change in unrealized gain (loss) on available-for-sale securities,
net of tax ...................................................................................................... 19 –(60,580)
Comprehensive loss........................................................................................... $ (260,863) $ (792,847) $ (681,791)
Net loss attributable to common shareholders (Note 2) ................................... $ (296,097) $ (800,100) $ (622,357)
Weighted-average common shares outstanding ............................................... 359,856 416,476 471,023
Basic and diluted loss per common share ......................................................... $ (0.82) $ (1.92) $ (1.32)