Dish Network 2000 Annual Report Download - page 65

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–14
Earnings per share amounts for all periods are presented below in accordance with the requirements of FAS
No. 128.
Year Ended December 31,
1998 1999 2000
(In thousands, except per share data)
Numerator:
Net loss.............................................................................................................. $ (260,882) $ (792,847) $ (621,211)
8% Series A Cumulative Preferred Stock dividends........................................ (1,204) (124) –
12 1/8% Series B Senior Redeemable Exchangeable Preferred Stock
dividends payable in-kind ............................................................................ (26,874) (241) –
Accretion of 6 3/4% Series C Cumulative Convertible Preferred Stock ......... (7,137) (6,335) –
6 3/4% Series C Cumulative Convertible Preferred Stock dividends.............. –(553) (1,146)
Numerator for basic and diluted loss per share – loss attributable to
common shareholders................................................................................... $ (296,097) $ (800,100) $ (622,357)
Denominator:
Denominator for basic and diluted loss per share – weighted-average
common shares outstanding......................................................................... 359,856 416,476 471,023
Net loss per common share:
Basic and diluted loss per share before extraordinary charge ............................... $ (0.82) $ (1.28) $ (1.32)
Extraordinary charge for the early retirement of debt ........................................... –(0.64) –
Basic and diluted loss per share ............................................................................. $ (0.82) $ (1.92) $ (1.32)
Shares of Class A Common Stock issuable upon conversion of:
8% Series A Cumulative Preferred Stock ........................................................ 12,936 – –
6 3/4% Series C Cumulative Convertible Preferred Stock .............................. 37,720 14,912 3,593
4 7/8% Convertible Subordinated Notes ........................................................ –22,007 22,007
As of December 31, 1998, 1999 and 2000, options to purchase approximately 11,576,000, 27,844,000 and
25,118,000 shares of Class A common stock were outstanding, respectively.
Reclassifications
Certain prior year balances in the consolidated financial statements have been reclassified to conform with
the 2000 presentation.
3. Property and Equipment
Property and equipment consist of the following (in thousands):
Life December 31,
(In Years) 1999 2000
EchoStar I...................................................................................... 12 $ 201,607 $ 201,607
EchoStar II .................................................................................... 12 228,694 228,694
EchoStar III................................................................................... 12 234,083 234,083
EchoStar IV................................................................................... 489,505 89,505
EchoStar V .................................................................................... 12 208,578 208,548
EchoStar VI................................................................................... 12 –243,789
Furniture, fixtures and equipment................................................. 2-12 243,042 336,033
Buildings and improvements ........................................................ 7-40 68,338 78,958
Digital Dynamite Plan equipment ................................................ 4 – 62,726
Tooling and other.......................................................................... 25,812 5,211
Land ........................................................................................... –6,780 10,083
Vehicles......................................................................................... 71,119 968
Construction in progress ............................................................... –319,328 226,454
Total property and equipment ............................................... 1,606,886 1,926,659
Accumulated depreciation ............................................................ (266,947) (415,356)
Property and equipment, net.................................................. $ 1,339,939 $ 1,511,303