Dish Network 2011 Annual Report Download - page 131

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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-37
As of December 31, 2011, we had benefits of foreign tax credits and net operating loss carryforwards of approximately $9
million, which are fully offset by a valuation allowance.
The components of the (provision for) benefit from income taxes are as follows:
2011 2010 2009
Current
(p
rovision
)
benefit:
Federal............................................................................. $ (235,357) $ (287,523) $ (335,958)
State................................................................................. (27,523) (68,550) (36,762)
Foreign............................................................................. (4,199) - (79)
(267,079) (356,073) (372,799)
Deferred
(p
rovision
)
benefit:
Federal............................................................................. (590,618) (227,024) 15,771
State................................................................................. (34,128) 16,341 (373)
Foreign............................................................................. (4,939) - -
Decrease (increase) in valuation allowance..................... 1,758 9,283 (20,028)
(627,927) (201,400) (4,630)
Total benefit (provision).................................................. (895,006)$ (557,473)$ (377,429)$
For the Years Ended December 31,
(In thousands)
Of our $2.411 billion of “Income (loss) before income taxes” on our Consolidated Statements of Operations and
Comprehensive Income (Loss), approximately $28 million relates to our foreign operations.
The actual tax provisions for 2011, 2010 and 2009 reconcile to the amounts computed by applying the statutory Federal tax
rate to income before taxes as follows:
2011 2010 2009
Statutory rate............................................................................... (35.0) (35.0) (35.0)
State income taxes, net of Federal benefit................................... (1.7) (2.5) (2.8)
Stock option compensation.......................................................... - 0.3 (0.2)
Other............................................................................................ (0.5) 0.6 2.7
Decrease (increase) in valuation allowance................................. 0.1 0.5 (2.0)
Total benefit (provision) for income taxes.................................. (37.1) (36.1) (37.3)
For the Years Ended December 31,
% of pre-tax (income)/loss