| Schedule of revenue, capital expenditures and EBITDA by operating segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EchoStar
Technologies |
|
Hughes |
|
EchoStar
Satellite
Services |
|
All
Other and
Eliminations |
|
Consolidated
Total |
|
|
|
(In thousands)
|
|
|
For the Year Ended December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
1,715,579 |
|
$ |
1,215,783 |
|
$ |
326,828 |
|
$ |
24,262 |
|
$ |
3,282,452 |
|
|
Intersegment revenue |
|
$ |
412 |
|
$ |
2,343 |
|
$ |
3,349 |
|
$ |
(6,104 |
) |
$ |
— |
|
|
Total revenue |
|
$ |
1,715,991 |
|
$ |
1,218,126 |
|
$ |
330,177 |
|
$ |
18,158 |
|
$ |
3,282,452 |
|
|
Capital expenditures |
|
$ |
56,935 |
|
$ |
186,561 |
|
$ |
12,700 |
|
$ |
135,677 |
|
$ |
391,873 |
|
|
EBITDA |
|
$ |
136,057 |
|
$ |
281,513 |
|
$ |
235,993 |
|
$ |
(3,466 |
) |
$ |
650,097 |
|
|
For the Year Ended December 31, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
1,658,203 |
|
$ |
1,156,590 |
|
$ |
275,280 |
|
$ |
31,631 |
|
$ |
3,121,704 |
|
|
Intersegment revenue |
|
$ |
1,826 |
|
$ |
2,124 |
|
$ |
2,705 |
|
$ |
(6,655 |
) |
$ |
— |
|
|
Total revenue |
|
$ |
1,660,029 |
|
$ |
1,158,714 |
|
$ |
277,985 |
|
$ |
24,976 |
|
$ |
3,121,704 |
|
|
Capital expenditures |
|
$ |
69,809 |
|
$ |
292,222 |
|
$ |
118,998 |
|
$ |
31,976 |
|
$ |
513,005 |
|
|
EBITDA |
|
$ |
110,933 |
|
$ |
265,756 |
|
$ |
212,549 |
|
$ |
204,660 |
|
$ |
793,898 |
|
|
For the Year Ended December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
1,780,491 |
|
$ |
675,586 |
|
$ |
277,707 |
|
$ |
27,647 |
|
$ |
2,761,431 |
|
|
Intersegment revenue |
|
$ |
151 |
|
$ |
636 |
|
$ |
418 |
|
$ |
(1,205 |
) |
$ |
— |
|
|
Total revenue |
|
$ |
1,780,642 |
|
$ |
676,222 |
|
$ |
278,125 |
|
$ |
26,442 |
|
$ |
2,761,431 |
|
|
Capital expenditures |
|
$ |
81,420 |
|
$ |
156,768 |
|
$ |
119,004 |
|
$ |
19,980 |
|
$ |
377,172 |
|
|
EBITDA |
|
$ |
144,753 |
|
$ |
167,100 |
|
$ |
197,848 |
|
$ |
(26,895 |
) |
$ |
482,806 |
|
|
| Schedule of reconciliation of EBITDA to reported income (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2013 |
|
2012 |
|
2011 |
|
|
|
(In thousands)
|
|
|
EBITDA |
|
$ |
650,097 |
|
$ |
793,898 |
|
$ |
482,806 |
|
|
Interest income and expense, net |
|
|
(177,898 |
) |
|
(141,853 |
) |
|
(71,772 |
) |
|
Depreciation and amortization |
|
|
(507,111 |
) |
|
(457,326 |
) |
|
(385,894 |
) |
|
Net income (loss) attributable to noncontrolling interests |
|
|
876 |
|
|
(35 |
) |
|
635 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
$ |
(34,036 |
) |
$ |
194,684 |
|
$ |
25,775 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Summary of total long-lived assets and revenue attributed to the North American and other foreign locations |
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
Long-lived assets: |
|
2013 |
|
2012 |
|
|
|
(In thousands)
|
|
|
North America: |
|
|
|
|
|
|
|
|
United States |
|
$ |
3,745,403 |
|
$ |
3,921,385 |
|
|
Other |
|
|
947 |
|
|
40 |
|
|
All other |
|
|
150,139 |
|
|
108,991 |
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total |
|
$ |
3,896,489 |
|
$ |
4,030,416 |
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
Revenue: |
|
2013 |
|
2012 |
|
2011 |
|
|
|
(In thousands)
|
|
|
North America: |
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
2,819,968 |
|
$ |
2,403,976 |
|
$ |
2,229,498 |
|
|
Other |
|
|
215,787 |
|
|
360,590 |
|
|
316,060 |
|
|
All other |
|
|
246,697 |
|
|
357,138 |
|
|
215,873 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
3,282,452 |
|
$ |
3,121,704 |
|
$ |
2,761,431 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Summary of sales to major customer and its percentage of total revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2013 |
|
2012 |
|
2011 |
|
|
|
(In thousands)
|
|
|
Total revenue: |
|
|
|
|
|
|
|
|
|
|
|
DISH Network: |
|
|
|
|
|
|
|
|
|
|
|
EchoStar Technologies segment |
|
$ |
1,546,051 |
|
$ |
1,277,038 |
|
$ |
1,413,940 |
|
|
Hughes segment |
|
|
113,869 |
|
|
34,017 |
|
|
1,854 |
|
|
EchoStar Satellite Services segment |
|
|
247,174 |
|
|
201,300 |
|
|
215,741 |
|
|
All Other and Eliminations |
|
|
24,541 |
|
|
31,409 |
|
|
23,394 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total DISH Network |
|
|
1,931,635 |
|
|
1,543,764 |
|
|
1,654,929 |
|
|
Bell TV (EchoStar Technologies segment) |
|
|
77,475 |
|
|
222,038 |
|
|
218,329 |
|
|
All other |
|
|
1,273,342 |
|
|
1,355,902 |
|
|
888,173 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
3,282,452 |
|
$ |
3,121,704 |
|
$ |
2,761,431 |
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Percentage of total revenue: |
|
|
|
|
|
|
|
|
|
|
|
DISH Network |
|
|
58.8 |
% |
|
49.5 |
% |
|
59.9 |
% |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Bell TV |
|
|
2.4 |
% |
|
7.1 |
% |
|
7.9 |
% |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
All other |
|
|
38.8 |
% |
|
43.4 |
% |
|
32.2 |
% |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|