Dish Network 2014 Annual Report Download - page 110

DISH NETWORK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Dollars in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-4
2014 2013 2012
Revenue:
Subscriber-related revenue........................................................................................................................ 14,495,091$ 13,764,774$ 13,064,936$
Equipment sales and other revenue............................................................................................................ 85,815 94,855 98,480
Equipment sales, services and other revenue - EchoStar........................................................................... 62,481 45,236 17,918
Total revenue...................................................................................................................................... 14,643,387 13,904,865 13,181,334
Costs and Expenses (exclusive of depreciation shown separately below - Note 8):
Subscriber-related expenses....................................................................................................................... 8,313,046 7,818,061 7,254,458
Satellite and transmission expenses........................................................................................................... 693,114 535,541 466,240
Cost of sales - equipment, services and other ........................................................................................... 107,777 91,902 97,965
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies................................................................................... 255,913 281,772 267,133
Other subscriber acquisition costs...................................................................................................... 988,718 1,093,214 977,437
Subscriber acquisition advertising...................................................................................................... 566,687 467,884 442,757
Total subscriber acquisition costs.............................................................................................................. 1,811,318 1,842,870 1,687,327
General and administrative expenses......................................................................................................... 815,745 776,711 722,045
Litigation expense (Note 16)..................................................................................................................... - - 730,457
Depreciation and amortization (Note 8).................................................................................................... 1,077,936 1,054,026 964,484
Impairment of long-lived assets (Note 8).................................................................................................. - 437,575 -
Total costs and expenses..................................................................................................................... 12,818,936 12,556,686 11,922,976
Operating income (loss)............................................................................................................................. 1,824,451 1,348,179 1,258,358
Other Income (Expense):
Interest income.......................................................................................................................................... 61,841 148,865 99,091
Interest expense, net of amounts capitalized.............................................................................................. (611,209) (744,985) (536,236)
Other, net................................................................................................................................................... (69,341) 384,856 173,697
Total other income (expense)............................................................................................................. (618,709) (211,264) (263,448)
Income (loss) before income taxes............................................................................................................ 1,205,742 1,136,915 994,910
Income tax (provision) benefit, net............................................................................................................ (276,840) (299,826) (331,991)
Income (loss) from continuing operations................................................................................................. 928,902 837,089 662,919
Income (loss) from discontinued operations, net of tax............................................................................. - (47,343) (37,179)
Net income (loss)....................................................................................................................................... 928,902 789,746 625,740
Less: Income (loss) attributable to noncontrolling interests, net of tax................................................ (15,791) (17,746) (10,947)
Net income (loss) attributable to DISH Network....................................................................................... 944,693$ 807,492$ 636,687$
Weighted-average common shares outstanding - Class A and B common stock:
Basic.......................................................................................................................................................... 460,126 456,044 450,264
Diluted....................................................................................................................................................... 462,927 459,166 452,899
Earnings per share - Class A and B common stock:
Basic net income (loss) per share from continuing operations attributable to DISH Network.................. 2.05$ 1.87$ 1.49$
Basic net income (loss) per share from discontinued operations............................................................... - (0.10) (0.08)
Basic net income (loss) per share attributable to DISH Network.............................................................. 2.05$ 1.77$ 1.41$
Diluted net income (loss) per share from continuing operations attributable to DISH Network............... 2.04$ 1.86$ 1.49$
Diluted net income (loss) per share from discontinued operations............................................................ - (0.10) (0.08)
Diluted net income (loss) per share attributable to DISH Network........................................................... 2.04$ 1.76$ 1.41$
Comprehensive Income (Loss):
Net income (loss)....................................................................................................................................... 928,902$ 789,746$ 625,740$
Other comprehensive income (loss):
Foreign currency translation adjustments.................................................................................................. 3,878 1,155 4,106
Unrealized holding gains (losses) on available-for-sale securities............................................................. (11,729) 123,233 265,785
Recognition of previously unrealized (gains) losses on
available-for-sale securities included in net income (loss)..................................................................... 7,050 (148,603) (150,239)
Deferred income tax (expense) benefit, net............................................................................................... 1,436 9,284 (12,892)
Total other comprehensive income (loss), net of tax................................................................................. 635 (14,931) 106,760
Comprehensive income (loss).................................................................................................................... 929,537 774,815 732,500
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax......................... (15,791) (17,746) (10,947)
Comprehensive income (loss) attributable to DISH Network.................................................................... 945,328$ 792,561$ 743,447$
For the Years Ended December 31,