Dish Network 2013 Annual Report Download - page 114

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
2013 2012 2011
Revenue:
Subscriber-related revenue........................................................................................................................ 13,764,774$ 13,064,936$ 12,972,152$
Equipment sales and other revenue............................................................................................................ 94,855 98,480 65,437
Equipment sales, services and other revenue - EchoStar........................................................................... 45,236 17,918 36,474
Total revenue...................................................................................................................................... 13,904,865 13,181,334 13,074,063
Costs and Expenses (exclusive of depreciation shown separately below - Note 8):
Subscriber-related expenses....................................................................................................................... 7,818,061 7,254,458 6,845,611
Satellite and transmission expenses:
EchoStar................................................................................................................................................ 494,240 424,543 441,541
Other...................................................................................................................................................... 41,301 41,697 39,806
Cost of sales - equipment, services and other ........................................................................................... 91,902 97,965 80,372
Subscriber acquisition costs:
Cost of sales - subscriber promotion subsidies................................................................................... 281,772 267,133 249,440
Other subscriber acquisition costs...................................................................................................... 1,561,098 1,420,194 1,255,691
Total subscriber acquisition costs.............................................................................................................. 1,842,870 1,687,327 1,505,131
General and administrative expenses - EchoStar....................................................................................... 90,238 66,507 45,187
General and administrative expenses......................................................................................................... 686,473 655,538 592,178
Litigation expense (Note 16)..................................................................................................................... - 730,457 (316,949)
Depreciation and amortization (Note 8).................................................................................................... 1,054,026 964,484 912,203
Impairment of long-lived assets (Note 8).................................................................................................. 437,575 - -
Total costs and expenses..................................................................................................................... 12,556,686 11,922,976 10,145,080
Operating income (loss)............................................................................................................................. 1,348,179 1,258,358 2,928,983
Other Income (Expense):
Interest income.......................................................................................................................................... 148,865 99,091 33,882
Interest expense, net of amounts capitalized.............................................................................................. (744,985) (536,236) (557,966)
Other, net................................................................................................................................................... 384,856 173,697 8,240
Total other income (expense)............................................................................................................. (211,264) (263,448) (515,844)
Income (loss) before income taxes............................................................................................................ 1,136,915 994,910 2,413,139
Income tax (provision) benefit, net (Note 12)........................................................................................... (299,826) (331,991) (890,765)
Income (loss) from continuing operations................................................................................................. 837,089 662,919 1,522,374
Income (loss) from discontinued operations, net of tax............................................................................. (47,343) (37,179) (6,796)
Net income (loss)....................................................................................................................................... 789,746 625,740 1,515,578
Less: Income (loss) attributable to noncontrolling interest................................................................... (17,746) (10,947) (329)
Net income (loss) attributable to DISH Network....................................................................................... 807,492$ 636,687$ 1,515,907$
Weighted-average common shares outstanding - Class A and B common stock:
Basic.......................................................................................................................................................... 456,044 450,264 445,434
Diluted....................................................................................................................................................... 459,166 452,899 446,865
Earnings per share - Class A and B common stock:
Basic net income (loss) per share from continuing operations attributable to DISH Network.................. 1.87$ 1.49$ 3.41$
Basic net income (loss) per share from discontinued operations............................................................... (0.10) (0.08) (0.01)
Basic net income (loss) per share attributable to DISH Network.............................................................. 1.77$ 1.41$ 3.40$
Diluted net income (loss) per share from continuing operations attributable to DISH Network............... 1.86$ 1.49$ 3.41$
Diluted net income (loss) per share from discontinued operations............................................................ (0.10) (0.08) (0.02)
Diluted net income (loss) per share attributable to DISH Network........................................................... 1.76$ 1.41$ 3.39$
Comprehensive Income (Loss):
Net income (loss)....................................................................................................................................... 789,746$ 625,740$ 1,515,578$
Other comprehensive income (loss):
Foreign currency translation adjustments.................................................................................................. 1,155 4,106 (9,139)
Unrealized holding gains (losses) on available-for-sale securities............................................................. 123,233 265,785 (13,965)
Recognition of previously unrealized (gains) losses on
available-for-sale securities included in net income (loss)..................................................................... (148,603) (150,239) 11,790
Deferred income tax (expense) benefit, net............................................................................................... 9,284 (12,892) -
Total other comprehensive income (loss), net of tax................................................................................. (14,931) 106,760 (11,314)
Comprehensive income (loss).................................................................................................................... 774,815 732,500 1,504,264
Less: Comprehensive income (loss) attributable to noncontrolling interest........................................... (17,746) (10,947) (329)
Comprehensive income (loss) attributable to DISH Network.................................................................... 792,561$ 743,447$ 1,504,593$
For the Years Ended December 31,