Dish Network 2003 Annual Report Download - page 99

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–32
The components of the (provision for) benefit from income taxes are as follows:
For the Years Ended December 31,
2002
As Restated
2003 (Note 3) 2001
(In thousands)
Current
(p
rovision
)
benefit:
Federal ............................................................................ $ (141) $ - $ (1,400)
State... ............................................................................. (13,608) (5,279) (861)
Foreign ............................................................................ (739) (2,075) (593)
(14,488) (7,354) (2,854)
Deferred
(p
rovision
)
benefit:
Federal ............................................................................ (71,318) 224,452 44,910
State ................................................................................ (11,579) (12,333) 4,736
Decrease (increase) in valuation allowance .................... 83,009 (277,863) (48,246)
112 (65,744) 1,400
Total provision................................................................. (14,376)$ (73,098)$ (1,454)$
The actual tax provisions for 2003, 2002 and 2001 reconcile to the amounts computed by applying the statutory Federal
tax rate to income before taxes as follows:
For the Years Ended December 31,
2002
As Restated
2003 (Note 3) 2001
% of pre-tax income/loss
Statutory rate .............................................................................. (35.0) 35.0 35.0
State income taxes, net of Federal benefit .................................. (6.8) (1.5) 1.4
Contingent value rights ............................................................... - (0.9) -
Foreign taxes and foreign income not U S taxable ..................... - (0.2) -
Stock option compensation ......................................................... (1.2) 0.7 1.5
Deferred tax asset adjustment for filed returns ........................... 3.7 (2.1) -
Cumulative change in effective state tax rate .............................. - (4.1) (11.9)
Intangible amortization and other ............................................... (1.5) (0.6) (4.2)
Decrease (increase) in valuation allowance ................................ 34.8 (35.7) (22.5)
Total provision for income taxes ................................................ (6.0) (9.4) (0.7)