Dish Network 2003 Annual Report Download - page 72

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ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(In thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F–5
For the Years Ended December 31,
2002
As Restated
2003 (Note 3) 2001
Revenue:
Subscription television services............................................................................................................................ 5,399,382$ 4,411,838$ 3,588,441$
Other subscriber-related revenue.......................................................................................................................... 10,493 17,861 17,283
DTH equipment sales............................................................................................................................................ 244,083 287,831 271,242
Other..................................................................................................................................................................... 85,338 103,295 124,172
Total revenue........................................................................................................................................................... 5,739,296 4,820,825 4,001,138
Costs and Expenses:
Subscriber-related expenses (exclusive of depreciation shown below - Note 4)................................................... 2,707,898 2,200,239 1,792,542
Satellite and transmission expenses (exclusive of depreciation shown below - Note 4)....................................... 79,322 62,131 40,899
Cost of sales - DTH equipment............................................................................................................................. 150,600 178,554 188,039
Cost of sales - other.............................................................................................................................................. 47,387 55,582 81,974
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies (exclusive of depreciation shown below - Note 4)...................... 502,656 439,863 459,909
Other subscriber promotion subsidies................................................................................................................... 628,928 574,750 477,903
Subscriber acquisition advertising........................................................................................................................ 180,484 154,036 143,007
Total subscriber acquisition costs................................................................................................................... 1,312,068 1,168,649 1,080,819
General and administrative................................................................................................................................... 332,723 319,915 305,738
Non-cash, stock-based compensation................................................................................................................... 3,544 11,279 20,173
Depreciation and amortization (Note 4)................................................................................................................ 398,206 372,958 278,652
Total costs and expenses.......................................................................................................................................... 5,031,748 4,369,307 3,788,836
Operating income..................................................................................................................................................... 707,548 451,518 212,302
Other Income (Expense):
Interest income...................................................................................................................................................... 65,058 112,927 97,671
Interest expense, net of amounts capitalized......................................................................................................... (552,490) (482,903) (371,365)
Merger termination related expenses (including $33,323 of interest expense)..................................................... - (689,798) -
Other..................................................................................................................................................................... 18,766 (170,680) (152,652)
Total other income (expense)................................................................................................................................... (468,666) (1,230,454) (426,346)
Income (loss) before income taxes........................................................................................................................... 238,882 (778,936) (214,044)
Income tax provision, net......................................................................................................................................... (14,376) (73,098) (1,454)
Net income (loss)..................................................................................................................................................... 224,506$ (852,034)$ (215,498)$
Foreign currency translation adjustment.................................................................................................................. 1,348 - -
Unrealized holding gains (losses) on available for sale securities........................................................................... 71,480 (114,521) (5,697)
Recognition of previously unrealized losses on available-for-sale securities included in net income (loss)............ 1,966 117,124 69,871
Comprehensive income (loss).................................................................................................................................. 299,300$ (849,431)$ (151,324)$
Basic and diluted net income (loss) to common shareholders.................................................................................. 224,506$ (414,601)$ (215,835)$
Basic weighted-average common shares outstanding.............................................................................................. 483,098 480,429 477,172
Diluted weighted-average common shares outstanding........................................................................................... 488,314 480,429 477,172
Net income (loss) per common share:
Basic net income (loss)......................................................................................................................................... 0.46$ (0.86)$ (0.45)$
Diluted net income (loss)...................................................................................................................................... 0.46$ (0.86)$ (0.45)$