Dish Network 2015 Annual Report Download - page 108

F-4
DISH NETWORK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Dollars in thousands, except per share amounts)
For the Years Ended December 31,
2015 2014 2013
Revenue:
Subscriber-related revenue $ 14,953,559 $ 14,495,091 $ 13,764,774
Equipment sales and other revenue 115,342 148,296 140,091
Total revenue 15,068,901 14,643,387 13,904,865
Costs and Expenses (exclusive of depreciation shown separately below - Note 8):
Subscriber-related expenses 8,783,009 8,313,046 7,818,061
Satellite and transmission expenses 762,832 693,114 535,541
Cost of sales - equipment, services and other 91,654 107,777 91,902
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies 194,305 255,913 281,772
Other subscriber acquisition costs 908,983 988,718 1,093,214
Subscriber acquisition advertising 579,260 566,687 467,884
Total subscriber acquisition costs 1,682,548 1,811,318 1,842,870
General and administrative expenses 777,507 815,745 776,711
FCC auction expense (Note 15) 515,555 — —
Depreciation and amortization (Note 8) 1,000,048 1,077,936 1,054,026
Impairment of long-lived assets (Note 8) 123,352 — 437,575
Total costs and expenses 13,736,505 12,818,936 12,556,686
Operating income (loss) 1,332,396 1,824,451 1,348,179
Other Income (Expense):
Interest income 19,523 61,841 148,865
Interest expense, net of amounts capitalized (494,010) (611,209) (744,985)
Other, net 278,043 (69,341) 384,856
Total other income (expense) (196,444) (618,709) (211,264)
Income (loss) before income taxes 1,135,952 1,205,742 1,136,915
Income tax (provision) benefit, net (366,676) (276,840) (299,826)
Income (loss) from continuing operations 769,276 928,902 837,089
Income (loss) from discontinued operations, net of tax — — (47,343)
N
et income (loss) 769,276 928,902 789,746
Less: Net income (loss) attributable to noncontrolling interests, net of tax 22,184 (15,791) (17,746)
N
et income (loss) attributable to DISH Network $ 747,092 $ 944,693 $ 807,492
Weighted-average common shares outstanding - Class A and B common stock:
Basic 462,995 460,126 456,044
Diluted 464,697 462,927 459,166
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network $ 1.61 $ 2.05 $ 1.77
Diluted net income (loss) per share attributable to DISH Network $ 1.61 $ 2.04 $ 1.76
Comprehensive Income (Loss):
N
et income (loss) $ 769,276 $ 928,902 $ 789,746
Other comprehensive income (loss):
Foreign currency translation adjustments — 3,878 1,155
Unrealized holding gains (losses) on available-for-sale securities 20,205 (11,729) 123,233
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net
income (loss) (99,361) 7,050 (148,603)
Deferred income tax (expense) benefit, net (33,370) 1,436 9,284
Total other comprehensive income (loss), net of tax (112,526) 635 (14,931)
Comprehensive income (loss) 656,750 929,537 774,815
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax 22,184 (15,791) (17,746)
Comprehensive income (loss) attributable to DISH Network $ 634,566 $ 945,328 $ 792,561
The accompanying notes are an integral part of these consolidated financial statements.