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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-69
18. Quarterly Financial Data (Unaudited)
Our quarterly results of operations are summarized as follows:
For the Three Months Ended
March 31 June 30 September 30 December 31 (1)
(In thousands, except per share data)
Year ended December 31, 2015:
Total revenue $ 3,724,228 $ 3,832,425 $ 3,733,565 $ 3,778,683
Operating income (loss) 483,863 533,987 441,720 (127,174)
Income (loss) from continuing operations 353,252 332,326 202,610 (118,912)
N
et income (loss) 353,252 332,326 202,610 (118,912)
N
et income (loss) attributable to DISH Network 351,485 324,423 196,479 (125,295)
Basic net income (loss) per share attributable to DISH Network $ 0.76 $ 0.70 $ 0.42 $ (0.27)
Diluted net income (loss) per share attributable to DISH Network $ 0.76 $ 0.70 $ 0.42 $ (0.27)
Year ended December 31, 2014:
Total revenue $ 3,594,198 $ 3,688,119 $ 3,679,351 $ 3,681,719
Operating income (loss) 446,298 454,744 388,509 534,900
Income (loss) from continuing operations 170,817 207,129 143,035 407,921
N
et income (loss) 170,817 207,129 143,035 407,921
N
et income (loss) attributable to DISH Network 175,931 213,313 145,519 409,930
Basic net income (loss) per share attributable to DISH Network $ 0.38 $ 0.46 $ 0.32 $ 0.89
Diluted net income (loss) per share attributable to DISH Network $ 0.38 $ 0.46 $ 0.31 $ 0.88
(1) The fourth quarter 2015 was negatively impacted by the “FCC auction expense” of $516 million and an impairment
charge for the D1 satellite and related ground equipment of $123 million.
19. Related Party Transactions
Related Party Transactions with EchoStar
Following the Spin-off, we and EchoStar have operated as separate publicly-traded companies, and, except for the
Satellite and Tracking Stock Transaction and Sling TV Holding described below, neither entity has any ownership
interest in the other. However, a substantial majority of the voting power of the shares of both companies is owned
beneficially by Charles W. Ergen, our Chairman and Chief Executive Officer, and by certain trusts established by
Mr. Ergen for the benefit of his family.
EchoStar is our primary supplier of set-top boxes and digital broadcast operations and a supplier of the vast majority
of our transponder capacity. Generally, the amounts we pay EchoStar for products and services are based on pricing
equal to EchoStar’s cost plus a fixed margin (unless noted differently below), which will vary depending on the
nature of the products and services provided.
In connection with and following the Spin-off, we and EchoStar have entered into certain agreements pursuant to
which we obtain certain products, services and rights from EchoStar, EchoStar obtains certain products, services and
rights from us, and we and EchoStar have indemnified each other against certain liabilities arising from our
respective businesses. We also may enter into additional agreements with EchoStar in the future. The following is a
summary of the terms of our principal agreements with EchoStar that may have an impact on our financial condition
and results of operations.