Dish Network 2001 Annual Report Download - page 106

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–41
12. Valuation and Qualifying Accounts
EchoStar’s valuation and qualifying accounts as of December 31, 1999, 2000 and 2001 are as follows (in
thousands):
Balance at
Beginning of
Year
Charged to
Costs and
Expenses Deductions
Balance at
End of Year
Year ended December 31, 1999:
Assets:
Allowance for doubtful accounts................ $ 2,996 $ 23,481 $ (13,368) $ 13,109
Loan loss reserve ...................................... 2,011 100 (272) 1,839
Reserve for inventory ................................ 5,181 1,785 (3,019) 3,947
Liabilities:
Reserve for warranty costs and other .......... 275 –(65) 210
Year ended December 31, 2000:
Assets:
Allowance for doubtful accounts................ $ 13,109 $ 45,985 $ (27,853) $ 31,241
Loan loss reserve ...................................... 1,839 66 (346) 1,559
Reserve for inventory ................................ 3,947 6,357 (398) 9,906
Liabilities:
Reserve for warranty costs and other .......... 210 – – 210
Year ended December 31, 2001:
Assets:
Allowance for doubtful accounts................ $ 31,241 $ 59,725 $ (68,196) $ 22,770
Loan loss reserve ...................................... 1,559 67 (35) 1,591
Reserve for inventory ................................ 9,906 12,204 (8,863) 13,247
Liabilities:
Reserve for warranty costs and other .......... 210 773 (316) 667
13. 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, 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) (138,963) (142,049) (184,184)
Basic and diluted loss per share ........ $ (0.40) $ (0.30) $ (0.30) $ (0.39)
Year Ended December 31, 2001:
Total revenue ................................. $ 861,930 $ 966,272 $ 1,022,506 $ 1,150,430
Operating income (loss) ................... (15,183) 63,913 75,472 88,100
Net income (loss)............................. (169,867) (5,855) 3,095 (42,871)
Basic and diluted income (loss) per
share ........................................... $ (0.36) $ (0.01) $ 0.01 $ (0.09)