Dish Network 2011 Annual Report Download - page 99

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DISH NETWORK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(In thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
2011 2010 2009
Revenue:
Subscriber-related revenue................................................................................................ 12,976,009$ 12,543,794$ 11,538,729$
Equipment and merchandise sales, rental and other revenue............................................. 1,035,910 59,770 97,863
Equipment sales, services and other revenue - EchoStar................................................... 36,474 37,180 27,559
Total revenue.............................................................................................................. 14,048,393 12,640,744 11,664,151
Costs and Expenses (exclusive of depreciation shown separately below - Note 7):
Subscriber-related expenses............................................................................................... 6,845,611 6,676,145 6,359,329
Satellite and transmission expenses:
EchoStar........................................................................................................................ 441,541 418,358 319,752
Other.............................................................................................................................. 39,806 40,249 33,672
Cost of sales - equipment, merchandise, services, rental and other .................................. 448,686 76,406 121,238
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies - EchoStar......................................... 249,440 175,777 188,793
Other subscriber promotion subsidies......................................................................... 925,094 1,104,653 1,071,655
Subscriber acquisition advertising.............................................................................. 330,643 373,064 279,114
Total subscriber acquisition costs...................................................................................... 1,505,177 1,653,494 1,539,562
General and administrative expenses - EchoStar............................................................... 47,393 47,457 45,356
General and administrative expenses................................................................................. 1,187,101 578,386 557,255
Litigation expense (Note 16)............................................................................................. (316,949) 225,456 361,024
Depreciation and amortization (Note 7)............................................................................ 922,073 983,965 940,033
Total costs and expenses............................................................................................. 11,120,439 10,699,916 10,277,221
Operating income (loss)..................................................................................................... 2,927,954 1,940,828 1,386,930
Other Income (Expense):
Interest income................................................................................................................... 34,354 25,158 30,034
Interest expense, net of amounts capitalized...................................................................... (557,910) (454,777) (388,425)
Other, net........................................................................................................................... 6,186 30,996 (15,707)
Total other income (expense)..................................................................................... (517,370) (398,623) (374,098)
Income (loss) before income taxes..................................................................................... 2,410,584 1,542,205 1,012,832
Income tax (provision) benefit, net (Note 12).................................................................... (895,006) (557,473) (377,429)
Net income (loss)............................................................................................................... 1,515,578 984,732 635,403
Less: Net income (loss) attributable to noncontrolling interest.................................... (329) 3 (142)
Net income (loss) attributable to DISH Network............................................................... 1,515,907$ 984,729$ 635,545$
Comprehensive Income (Loss):
Net income (loss)............................................................................................................... 1,515,578$ 984,732$ 635,403$
Foreign currency translation adjustments.......................................................................... (9,139) (13,476) (106)
Unrealized holding gains (losses) on available-for-sale securities, net of tax.................... (13,965) 50,348 133,635
Recognition of previously unrealized (gains) losses on
available-for-sale securities included in net income (loss), net of tax............................. 11,790 (3,852) (20,045)
Deferred income tax (expense) benefit.............................................................................. - 5,067 128
Comprehensive income (loss)............................................................................................ 1,504,264 1,022,819 749,015
Less: Comprehensive income (loss) attributable to noncontrolling interest................... (329) 3 (142)
Comprehensive income (loss) attributable to DISH Network............................................ 1,504,593$ 1,022,816$ 749,157$
Weighted-average common shares outstanding - Class A and B common stock:
Basic.................................................................................................................................. 445,434 445,865 446,874
Diluted............................................................................................................................... 446,865 446,597 448,596
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network...................................... 3.40$ 2.21$ 1.42$
Diluted net income (loss) per share attributable to DISH Network................................... 3.39$ 2.20$ 1.42$
For the Years Ended December 31,