Dish Network 2008 Annual Report Download - page 87

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DISH NETWORK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (L0SS)
(Dollars in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
2008 2007 2006
Revenue:
Subscriber-related revenue......................................................................................................................... 11,455,575$ 10,690,976$ 9,422,274$
Equipment sales and other revenue............................................................................................................ 124,261 399,399 396,212
Equipment sales - EchoStar........................................................................................................................ 11,601 - -
Transitional services and other revenue - EchoStar................................................................................... 25,750 - -
Total revenue...................................................................................................................................... 11,617,187 11,090,375 9,818,486
Costs and Expenses:
Subscriber-related expenses (exclusive of depreciation shown
below - Note 7)................................................................................................................................... 5,977,355 5,496,579 4,807,872
Satellite and transmission expenses (exclusive of depreciation
shown below - Note 7):
EchoStar................................................................................................................................................. 305,322 - -
Other...................................................................................................................................................... 32,407 180,687 147,450
Equipment, transitional services and other cost of sales............................................................................ 169,917 281,722 289,680
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies - EchoStar (exclusive of
depreciation shown below - Note 7)............................................................................................... 167,508 123,730 134,112
Other subscriber promotion subsidies................................................................................................. 1,124,103 1,219,943 1,246,836
Subscriber acquisition advertising....................................................................................................... 240,130 226,742 215,355
Total subscriber acquisition costs.............................................................................................................. 1,531,741 1,570,415 1,596,303
General and administrative expenses - EchoStar........................................................................................ 53,373 - -
General and administrative expenses......................................................................................................... 490,662 624,251 551,547
Litigation expense (Note 15)...................................................................................................................... - 33,907 93,969
Depreciation and amortization (Note 7)..................................................................................................... 1,000,230 1,329,410 1,114,294
Total costs and expenses..................................................................................................................... 9,561,007 9,516,971 8,601,115
Operating income (loss)............................................................................................................................. 2,056,180 1,573,404 1,217,371
Other Income (Expense):
Interest income........................................................................................................................................... 51,217 137,872 126,401
Interest expense, net of amounts capitalized.............................................................................................. (369,878) (405,319) (458,150)
Other, net.................................................................................................................................................... (168,713) (55,804) 37,393
Total other income (expense).............................................................................................................. (487,374) (323,251) (294,356)
Income (loss) before income taxes............................................................................................................. 1,568,806 1,250,153 923,015
Income tax (provision) benefit, net (Note 10)............................................................................................ (665,859) (494,099) (314,743)
Net income (loss)....................................................................................................................................... 902,947$ 756,054$ 608,272$
Foreign currency translation adjustments................................................................................................... (3,278) 8,793 7,355
Unrealized holding gains (losses) on available-for-sale securities............................................................. (291,664) (12,655) 61,928
Recognition of previously unrealized (gains) losses on
available-for-sale securities included in net income (loss)...................................................................... 189,513 (4,944) (34)
Deferred income tax (expense) benefit....................................................................................................... (10,017) 5,630 (23,405)
Comprehensive income (loss).................................................................................................................... 787,501$ 752,878$ 654,116$
Denominator for basic and diluted net income (loss) per share - Class A and B common stock:
Basic net income (loss) available to common stockholders....................................................................... 902,947$ 756,054$ 608,272$
Diluted net income (loss) available to common stockholders.................................................................... 909,585$ 765,571$ 618,106$
Denominator for basic net income (loss) per share - weighted-average
common shares outstanding................................................................................................................ 448,786 447,302 444,743
Denominator for diluted net income (loss) per share - weighted-average
common shares outstanding................................................................................................................ 460,226 456,834 452,685
Net income (loss) per share - Class A and B common stock:
Basic net income (loss).............................................................................................................................. 2.01$ 1.69$ 1.37$
Diluted net income (loss)........................................................................................................................... 1.98$ 1.68$ 1.37$
For the Years Ended December 31,