Dish Network 2000 Annual Report Download - page 86

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–35
12. Quarterly Financial Data (Unaudited)
EchoStar’s quarterly unaudited results of operations are summarized as follows (in thousands, except per
share amounts):
Three Months Ended
March 31 June 30 September 30 December 31
(Unaudited)
Year Ended December 31, 1999:
Total revenue ................................. $ 309,576 $ 350,217 $ 428,180 $ 514,868
Operating loss ................................. (55,682) (50,989) (79,455) (160,965)
Net loss........................................... (372,331) (76,129) (124,401) (219,986)
Basic and diluted loss per share ........ $ (1.03) $ (0.20) $ (0.27) $ (0.48)
Year Ended December 31, 2000:
Total revenue ................................. $ 565,721 $ 646,129 $ 697,972 $ 805,398
Operating loss ................................. (142,017) (86,231) (82,082) (113,736)
Net loss........................................... (185,130) (132,860) (130,893) (172,328)
Basic and diluted loss per share ........ $ (0.40) $ (0.28) $ (0.28) $ (0.36)
13. Subsequent Events
During February 2001, EchoStar 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 on a
Lockheed Martin Atlas III launch vehicle from Cape Canaveral, Fla. EchoStar VIII is expected to launch during the
first quarter of 2002 on a Russian Proton K launch vehicle from the Baikonur Cosmodrome in Kazakhstan.