Dish Network 2001 Annual Report Download - page 70

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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–5
Year Ended December 31,
1999 2000 2001
Revenue:
DISH Network:
Subscription television services............................................................... $ 1,344,136 $ 2,346,700 $ 3,588,441
Other......................................................................................................... 8,467 5,537 17,283
Total DISH Network .................................................................................... 1,352,603 2,352,237 3,605,724
DTH equipment sales and integration services............................................ 184,041 259,830 271,242
Other ............................................................................................................. 66,197 103,153 124,172
Total revenue..................................................................................................... 1,602,841 2,715,220 4,001,138
Costs and Expenses:
DISH Network Operating Expenses:
Subscriber-related expenses..................................................................... 574,828 970,374 1,433,245
Customer service center and other........................................................... 117,249 250,704 284,868
Satellite and transmission ........................................................................ 40,598 44,367 39,637
Total DISH Network operating expenses .................................................... 732,675 1,265,445 1,757,750
Cost of sales – DTH equipment and integration services ............................ 148,427 194,963 188,039
Cost of sales – other...................................................................................... 17,084 32,992 81,974
Marketing:
Subscriber promotion subsidies – cost of sales (exclusive of
depreciation included below)................................................................ 478,122 747,020 459,909
Subscriber promotion subsidies – other................................................... 184,238 273,080 477,903
Advertising and other............................................................................... 64,701 138,540 146,563
Total marketing expenses ............................................................................. 727,061 1,158,640 1,084,375
General and administrative........................................................................... 150,397 250,425 377,873
Non-cash, stock-based compensation .......................................................... 61,060 51,465 20,173
Depreciation and amortization ..................................................................... 113,228 185,356 278,652
Total costs and expenses ................................................................................... 1,949,932 3,139,286 3,788,836
Operating income (loss) .................................................................................... (347,091) (424,066) 212,302
Other income (Expense):
Interest income.............................................................................................. 26,179 79,733 97,671
Interest expense, net of amounts capitalized................................................ (201,613) (267,990) (371,365)
Other ............................................................................................................. (1,169) (37,448) (152,652)
Total other income (expense)............................................................................ (176,603) (225,705) (426,346)
Loss before income taxes .................................................................................. (523,694) (649,771) (214,044)
Income tax provision, net .................................................................................. (154) (555) (1,454)
Loss before extraordinary charges .................................................................... (523,848) (650,326) (215,498)
Extraordinary charge for early retirement of debt, net of tax ........................... (268,999) – –
Net loss .............................................................................................................. $ (792,847) $ (650,326) $ (215,498)
Change in unrealized loss on available-for-sale securities,
net of tax ...................................................................................................... –(60,580) (5,697)
Reclassification adjustment for impairment losses on available-for-sale
securities included in net loss ...................................................................... – – 69,871
Comprehensive loss........................................................................................... $ (792,847) $ (710,906) $ (151,324)
Net loss attributable to common shareholders (Note 2) ................................... $ (800,100) $ (651,472) $ (215,835)
Weighted-average common shares outstanding ............................................... 416,476 471,023 477,172
Basic and diluted loss per common share ......................................................... $ (1.92) $ (1.38) $ (0.45)