Dish Network 2001 Annual Report Download - page 83

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–18
Earnings per share amounts for all periods are presented below in accordance with the requirements of FAS
No. 128.
Year Ended December 31,
1999 2000 2001
(In thousands, except per share data)
Numerator:
Net loss.................................................................................... $ (792,847) $ (650,326) $ (215,498)
8% Series A Cumulative Preferred Stock dividends..................... (124) – –
12 1/8% Series B Senior Redeemable Exchangeable Preferred
Stock dividends payable in-kind............................................. (241) – –
Accretion of 6 3/4% Series C Cumulative Convertible Preferred
Stock.................................................................................... (6,335) – –
6 3/4% Series C Cumulative Convertible Preferred Stock
dividends.............................................................................. (553) (1,146) (337)
Numerator for basic and diluted loss per share – loss attributable
to common shareholders ........................................................ $ (800,100) $ (651,472) $ (215,835)
Denominator:
Denominator for basic and diluted loss per share – weighted-
average common shares outstanding ....................................... 416,476 471,023 477,172
Net loss per common share:
Basic and diluted loss per share before extraordinary charge............. $ (1.28) $ (1.38) $ (0.45)
Extraordinary charge for the early retirement of debt........................ (0.64) – –
Basic and diluted loss per share ...................................................... $ (1.92) $ (1.38) $ (0.45)
Shares of Class A Common Stock issuable upon conversion of:
6 3/4% Series C Cumulative Convertible Preferred Stock ............ 14,912 3,593 –
4 7/8% Convertible Subordinated Notes.................................... 22,007 22,007 22,007
5 3/4% Convertible Subordinated Notes ..................................... – – 23,100
As of December 31, 1999, 2000 and 2001, options to purchase approximately 27,844,000, 25,118,000 and
22,748,000 shares of class A common stock were outstanding, respectively.
Reclassifications
Certain prior year balances in the consolidated financial statements and accompanying notes to consolidated
financial statements have been reclassified to conform with the 2001 presentation.
New Accounting Pronouncements
In July 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards
No. 141, “Business Combinations,” (“FAS 141”), which is required to be adopted July 1, 2001. FAS 141 requires the
purchase method of accounting for all business combinations initiated after June 30, 2001. The application of FAS 141
has not had a material impact on EchoStar’s financial position or results of operations.
In July 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards
No. 142, “Goodwill and Other Intangible Assets” (“FAS 142”), which requires goodwill and intangible assets with
indefinite useful lives to no longer be amortized but to be tested for impairment at least annually. Intangible assets that
have finite lives will continue to be amortized over their estimated useful lives. The amortization and non-amortization
provisions of FAS 142 will be applied to all goodwill and intangible assets acquired after June 30, 2001. Effective
January 1, 2002, EchoStar is required to apply all other provisions of FAS 142. EchoStar is currently evaluating the
potential impact, if any, the adoption of FAS 142 will have on our financial position and results of operations.