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Table of Contents
ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(In thousands, except per share amounts)
For the Years Ended December 31,
2006
2005
2004
Revenue:
Subscriber
-
related revenue
$
9,375,519
$
7,986,394
$
6,692,949
Equipment sales
362,098
367,968
364,929
Other
80,869
92,813
100,593
Total revenue
9,818,486
8,447,175
7,158,471
Costs and Expenses:
Subscriber
-
related expenses (exclusive of depreciation shown below
—
Note 4)
4,807,872
4,095,986
3,618,259
Satellite and transmission expenses (exclusive of depreciation shown below
—
Note 4)
147,450
134,545
112,239
Cost of sales
-
equipment
282,420
271,697
259,058
Cost of sales
-
other
7,260
23,339
33,265
Subscriber acquisition costs:
Cost of sales —
subscriber promotion subsidies (exclusive of depreciation shown below
—
Note 4)
134,112
124,455
459,006
Other subscriber promotion subsidies
1,246,836
1,180,516
925,195
Subscriber acquisition advertising
215,355
187,610
143,685
Total subscriber acquisition costs
1,596,303
1,492,581
1,527,886
General and administrative
551,547
456,206
398,898
Tivo litigation expense
93,969
—
—
Depreciation and amortization (Note 4)
1,114,294
805,573
505,561
Total costs and expenses
8,601,115
7,279,927
6,455,166
Operating income (loss)
1,217,371
1,167,248
703,305
Other income (expense):
Interest income
126,401
43,518
42,287
Interest expense, net of amounts capitalized
(458,150
)
(373,844
)
(505,732
)
Gain on insurance settlement
—
134,000
—
Other
37,393
36,169
(13,482
)
Total other income (expense)
(294,356
)
(160,157
)
(476,927
)
Income (loss) before income taxes
923,015
1,007,091
226,378
Income tax benefit (provision), net (Note 6)
(314,743
)
507,449
(11,609
)
Net income (loss)
$
608,272
$
1,514,540
$
214,769
Foreign currency translation adjustments
7,355
(927
)
291
Unrealized holding gains (losses) on available
-
for
-
sale securities
61,928
(10,327
)
6,284
Recognition of previously unrealized (gains) losses on available-for-sale securities
included in net income (loss)
(34
)
(36,346
)
(34,148
)
Deferred income tax (expense) benefit attributable to unrealized holding gains (losses) on
available
-
for
-
sale securities
(23,405
)
(1,788
)
—
Comprehensive income (loss)
$
654,116
$
1,465,152
$
187,196
Basic net income (loss) available to common stockholders
$
608,272
$
1,514,540
$
214,769
Diluted net income (loss) available to common stockholders (Note 2)
$
618,106
$
1,560,688
$
214,769
Denominator for basic net income (loss) per share — weighted-average common shares
outstanding
444,743
452,118
464,053
Denominator for diluted net income (loss) per share — weighted-average common shares
outstanding
452,685
484,131
467,598
Net income (loss) per share:
Basic net income (loss)
$
1.37
$
3.35
$
0.46
Diluted net income (loss)
$
1.37
$
3.22
$
0.46