|
|
|
|
|
|
EchoStar |
|
|
|
|
|
|
|
|
|
|
EchoStar |
|
Satellite |
|
|
|
All |
|
|
|
|
|
|
Technologies |
|
Services |
|
Hughes |
|
Other & |
|
Consolidated |
|
|
|
|
Business |
|
Business |
|
Business |
|
Eliminations |
|
Total |
|
|
|
|
(In thousands) |
|
|
For the Three Months Ended September 30, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
497,625 |
|
$ |
68,491 |
|
$ |
287,861 |
|
$ |
9,186 |
|
$ |
863,163 |
|
|
EBITDA (1) |
|
37,311 |
|
44,370 |
|
67,294 |
|
4,559 |
|
153,534 |
|
|
Interest expense, net |
|
(9 |
) |
(9,782 |
) |
104 |
|
(20,980 |
) |
(30,667 |
) |
|
Income tax benefit (provision), net |
|
(8,182 |
) |
7,694 |
|
1,440 |
|
(14,816 |
) |
(13,864 |
) |
|
Depreciation and amortization |
|
(20,172 |
) |
(23,685 |
) |
(77,362 |
) |
(6,901 |
) |
(128,120 |
) |
|
Net income (loss) attributable to EchoStar common shareholders |
|
$ |
8,948 |
|
$ |
18,597 |
|
$ |
(8,524 |
) |
$ |
(38,138 |
) |
$ |
(19,117 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
1,329,993 |
|
$ |
206,856 |
|
$ |
369,784 |
|
$ |
20,589 |
|
$ |
1,927,222 |
|
|
EBITDA (1) |
|
106,330 |
|
148,842 |
|
87,527 |
|
(572 |
) |
342,127 |
|
|
Interest expense, net |
|
(13 |
) |
(28,060 |
) |
102 |
|
(10,204 |
) |
(38,175 |
) |
|
Income tax benefit (provision), net |
|
(14,346 |
) |
(7,106 |
) |
(171 |
) |
(9,607 |
) |
(31,230 |
) |
|
Depreciation and amortization |
|
(71,608 |
) |
(70,737 |
) |
(93,395 |
) |
(20,453 |
) |
(256,193 |
) |
|
Net income (loss) attributable to EchoStar common shareholders |
|
$ |
20,363 |
|
$ |
42,939 |
|
$ |
(5,937 |
) |
$ |
(40,836 |
) |
$ |
16,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, 2010 |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
535,927 |
|
$ |
66,869 |
|
$ |
— |
|
$ |
4,244 |
|
$ |
607,040 |
|
|
EBITDA (1) |
|
44,913 |
|
45,694 |
|
— |
|
(13,555 |
) |
77,052 |
|
|
Interest expense, net |
|
(10 |
) |
(9,522 |
) |
— |
|
24,131 |
|
14,599 |
|
|
Income tax benefit (provision), net |
|
(1,327 |
) |
(11,952 |
) |
— |
|
(15,030 |
) |
(28,309 |
) |
|
Depreciation and amortization |
|
(29,948 |
) |
(23,115 |
) |
— |
|
(5,128 |
) |
(58,191 |
) |
|
Net income (loss) attributable to EchoStar common shareholders |
|
$ |
13,628 |
|
$ |
1,105 |
|
$ |
— |
|
$ |
(9,582 |
) |
$ |
5,151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2010 |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
1,627,452 |
|
$ |
196,503 |
|
$ |
— |
|
$ |
13,214 |
|
$ |
1,837,169 |
|
|
EBITDA (1) |
|
125,013 |
|
137,929 |
|
— |
|
14,436 |
|
277,378 |
|
|
Interest expense, net |
|
(10 |
) |
(30,992 |
) |
— |
|
29,489 |
|
(1,513 |
) |
|
Income tax benefit (provision), net |
|
(9,916 |
) |
(20,680 |
) |
— |
|
(36,983 |
) |
(67,579 |
) |
|
Depreciation and amortization |
|
(86,303 |
) |
(71,705 |
) |
— |
|
(14,858 |
) |
(172,866 |
) |
|
Net income (loss) attributable to EchoStar common shareholders |
|
$ |
28,784 |
|
$ |
14,552 |
|
$ |
— |
|
$ |
(7,916 |
) |
$ |
35,420 |
|
(1) EBITDA is not a measure determined in accordance with GAAP and should not be considered a substitute for operating income, net income or any other measure determined in accordance with GAAP. Conceptually, EBITDA measures the amount of income generated each period that could be used to service debt, pay taxes and fund capital expenditures. EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. EBITDA is used by our management as a measure of operating efficiency and overall financial performance for benchmarking against our peers and competitors. Management believes EBITDA provides meaningful supplemental information regarding liquidity and the underlying operating performance of our business. Management also believes that EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties to evaluate companies in our industries. |