Dish Network 2002 Annual Report Download - page 65

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except per share amounts)
The accompanying notes are an integral part of the consolidated financial statements.
F–5
Year Ended December 31,
2000 2001 2002
Revenue:
DISH Network:
Subscription television services............................................................... $ 2,346,700 $ 3,588,441 $ 4,411,838
Other......................................................................................................... 5,537 17,283 17,861
Total DISH Network..................................................................................... 2,352,237 3,605,724 4,429,699
DTH equipment sales ................................................................................... 259,830 271,242 287,831
Other ............................................................................................................. 103,153 124,172 103,295
Total revenue ..................................................................................................... 2,715,220 4,001,138 4,820,825
Costs and Expenses:
DISH Network Operating Expenses:
Subscriber-related expenses..................................................................... 970,374 1,433,245 1,766,451
Customer service center and other........................................................... 250,704 284,868 390,467
Satellite and transmission ........................................................................ 44,367 39,637 60,865
Total DISH Network operating expenses (exclusive of depreciation
shown below – Note 3)............................................................................ 1,265,445 1,757,750 2,217,783
Cost of sales – DTH equipment.................................................................... 194,963 188,039 178,554
Cost of sales – other...................................................................................... 32,992 81,974 55,582
Cost of sales – subscriber promotion subsidies (exclusive of depreciation
included below – Note 3) .......................................................................... 747,020 459,909 439,863
Other subscriber promotion subsidies ......................................................... 273,080 477,903 574,750
Advertising and other................................................................................... 138,540 146,563 161,662
General and administrative........................................................................... 250,425 377,873 387,046
Non-cash, stock-based compensation .......................................................... 51,465 20,173 11,279
Depreciation and amortization (Note 3)....................................................... 185,356 278,652 372,958
Total costs and expenses ................................................................................... 3,139,286 3,788,836 4,399,477
Operating income (loss) .................................................................................... (424,066) 212,302 421,348
Other income (Expense):
Interest income.............................................................................................. 79,733 97,671 112,927
Interest expense, net of amounts capitalized ................................................ (267,990) (371,365) (482,903)
Merger termination related expenses............................................................ – – (689,798)
Other ............................................................................................................. (37,448) (152,652) (170,680)
Total other income (expense)............................................................................ (225,705) (426,346) (1,230,454)
Loss before income taxes .................................................................................. (649,771) (214,044) (809,106)
Income tax provision, net .................................................................................. (555) (1,454) (72,544)
Net loss .............................................................................................................. $ (650,326) $ (215,498) $ (881,650)
Unrealized holding losses arising during the period ........................................ (60,580) (5,697) (114,521)
Recognition of previously unrealized losses on available-for-sale securities
included in net loss ...................................................................................... – 69,871 117,124
Comprehensive loss........................................................................................... $ (710,906) $ (151,324) $ (879,047)
Net loss attributable to common shareholders (Note 2).................................... $ (651,472) $ (215,835) $ (444,217)
Weighted-average common shares outstanding................................................ 471,023 477,172 480,429
Basic and diluted loss per common share......................................................... $ (1.38) $ (0.45) $ (0.92)