Dish Network 2004 Annual Report Download - page 84

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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.
For the Years Ended December 31,
2004 2003 2002
Revenue:
Subscriber-related revenue........................................................................................... 6,677,370$ 5,409,875$ 4,429,699$
Equipment sales........................................................................................................... 373,253 295,409 348,629
Other............................................................................................................................ 100,593 34,012 42,497
Total revenue................................................................................................................... 7,151,216 5,739,296 4,820,825
Costs and Expenses:
Subscriber-related expenses (exclusive
of depreciation shown below - Note 3)..................................................................... 3,567,409 2,707,898 2,200,239
Satellite and transmission expenses (exclusive
of depreciation shown below - Note 3)..................................................................... 112,239 79,322 62,131
Cost of sales - equipment............................................................................................. 305,313 194,491 227,670
Cost of sales - other...................................................................................................... 33,265 3,496 6,466
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies (exclusive
of depreciation shown below - Note 3)................................................................... 459,006 502,656 439,863
Other subscriber promotion subsidies........................................................................ 925,195 628,928 574,750
Subscriber acquisition advertising.............................................................................. 143,685 180,484 154,036
Total subscriber acquisition costs.......................................................................... 1,527,886 1,312,068 1,168,649
General and administrative........................................................................................... 397,718 332,723 319,915
Non-cash, stock-based compensation (Note 7)............................................................ 1,180 3,544 11,279
Depreciation and amortization (Note 3)....................................................................... 502,901 398,206 372,958
Total costs and expenses................................................................................................. 6,447,911 5,031,748 4,369,307
Operating income (loss).................................................................................................. 703,305 707,548 451,518
Other income (expense):
Interest income............................................................................................................. 42,287 65,058 112,927
Interest expense, net of amounts capitalized................................................................ (505,732) (552,490) (482,903)
Merger termination related expenses (including $33,323 of interest expense)............ - - (689,798)
Other............................................................................................................................ (13,482) 18,766 (170,680)
Total other income (expense).......................................................................................... (476,927) (468,666) (1,230,454)
Income (loss) before income taxes.................................................................................. 226,378 238,882 (778,936)
Income tax benefit (provision), net................................................................................. (11,609) (14,376) (73,098)
Net income (loss)............................................................................................................ 214,769$ 224,506$ (852,034)$
Foreign currency translation adjustment......................................................................... 291 1,348 -
Unrealized holding gains (losses) on available-for-sale securities.................................. 6,284 71,480 (114,521)
Recognition of previously unrealized (gains) losses on
available-for-sale securities included in net income (loss)........................................... (34,148) 1,966 117,124
Comprehensive income (loss)......................................................................................... 187,196$ 299,300$ (849,431)$
Basic and diluted net income (loss) to common shareholders......................................... 214,769$ 224,506$ (414,601)$
Denominator for basic net income (loss) per share - weighted-average
common shares outstanding......................................................................................... 464,053 483,098 480,429
Denominator for diluted net income (loss) per share - weighted-average
common shares outstanding......................................................................................... 467,598 488,314 480,429
Net income (loss) per common share:
Basic net income (loss)................................................................................................ 0.46$ 0.46$ (0.86)$
Diluted net income (loss)............................................................................................. 0.46$ 0.46$ (0.86)$
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