EchoStar Corp. Files Q2 2024 10-Q

TL;DR

EchoStar's Q2 10-Q is in: check revenue, debt, and lease liabilities for the latest financials.

AI Summary

EchoStar Corp. filed its 10-Q for the period ending June 30, 2024. The company's financial statements include details on revenue from contracts, long-term debt, and operating lease liabilities. Specific dollar amounts and dates for these items are detailed within the filing.

Why It Matters

This filing provides investors with a detailed look at EchoStar's financial health and operational performance for the second quarter of 2024, including its debt and lease obligations.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt and liabilities, which are critical for assessing the company's financial risk.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 1231 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• EchoStar Corp. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 0001415404 (company) — Central Index Key for EchoStar Corp.
• NV (state) — State of incorporation for EchoStar Corp.
• 303-723-1000 (phone_number) — Business phone number for EchoStar Corp.

FAQ

Key Financial Figures

• $0.001 — hich registered Class A common stock, $0.001 par value SATS The Nasdaq Stock Mar

Filing Documents

• tmb-20240630x10q.htm (10-Q) — 4068KB
• tmb-20240630xex31d1.htm (EX-31.1) — 17KB
• tmb-20240630xex31d2.htm (EX-31.2) — 16KB
• tmb-20240630xex32d1.htm (EX-32.1) — 9KB
• tmb-20240630xex32d2.htm (EX-32.2) — 9KB
• 0001558370-24-011672.txt ( ) — 15373KB
• tmb-20240630.xsd (EX-101.SCH) — 82KB
• tmb-20240630_cal.xml (EX-101.CAL) — 89KB
• tmb-20240630_def.xml (EX-101.DEF) — 381KB
• tmb-20240630_lab.xml (EX-101.LAB) — 654KB
• tmb-20240630_pre.xml (EX-101.PRE) — 527KB
• tmb-20240630x10q_htm.xml (XML) — 3374KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Disclosure Regarding Forward-Looking Statements i Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 2 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) 3 Condensed Consolidated Statements of Cash Flows 4 Notes to Condensed Consolidated Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 54 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 97 Item 4.

Controls and Procedures

Controls and Procedures 97

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 97 Item 1A.

Risk Factors

Risk Factors 97 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 97 Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures None Item 5. Other Information 98 Item 6. Exhibits 98

Signatures

Signatures 99 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Unless otherwise required by the context, in this report, the words "EchoStar," the "Company," "we," "our" and "us" refer to EchoStar Corporation and its subsidiaries, "DISH Network" refers to DISH Network Corporation, our wholly owned subsidiary, and its subsidiaries, and "DISH DBS" refers to DISH DBS Corporation, a wholly - owned, indirect subsidiary of DISH Network, and its subsidiaries. This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, in particular, statements about our plans, objectives and strategies, growth opportunities in our industries and businesses, our expectations regarding future results, financial condition, liquidity and capital requirements, our estimates regarding the impact of regulatory developments and legal proceedings, and other trends and projections. Forward-looking statements are not historical facts and may be identified by words such as "future," "anticipate," "intend," "plan," "goal," "seek," "believe," "estimate," "expect," "predict," "will," "would," "could," "can," "may," and similar terms. These forward-looking statements are based on information available to us as of the date of this Quarterly Report on Form 10-Q and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. Accordingly, actual performance, events or results could differ materially from those expressed or implied in the forward-looking statements due to a number of factors, including, but not limited to, those summarized below: SUMMARY OF RISK FACTORS Risks Related to the Integration Although we expect that the Merger will result in synergies and other benefits, those synergies and benefits

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS ECHOSTAR CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share amounts) (Unaudited) As of June 30, December 31, 2024 2023 Assets Current Assets: Cash and cash equivalents $ 419,246 $ 1,821,376 Marketable investment securities 101,331 623,044 Trade accounts receivable, net of allowance for credit losses of $ 107,498 and $ 74,390 , respectively 1,052,855 1,122,139 Inventory 557,257 665,169 Prepaids and other assets 642,158 644,005 Other current assets 15,019 16,081 Total current assets 2,787,866 4,891,814 Noncurrent Assets: Restricted cash, cash equivalents and marketable investment securities 143,429 118,065 Property and equipment, net 9,427,192 9,561,834 Regulatory authorizations, net 39,053,041 38,572,980 Other investments, net 243,191 314,370 Operating lease assets 3,137,306 3,065,448 Intangible assets, net 86,992 172,892 Other noncurrent assets, net 376,176 411,491 Total noncurrent assets 52,467,327 52,217,080 Total assets $ 55,255,193 $ 57,108,894 Liabilities and Stockholders' Equity (Deficit) Current Liabilities: Trade accounts payable $ 655,455 $ 774,011 Deferred revenue and other 670,439 754,658 Accrued programming 1,546,377 1,427,762 Accrued interest 289,302 297,678 Other accrued expenses and liabilities 1,732,389 1,717,826 Current portion of long-term debt and finance lease obligations (Note 9) 2,082,919 3,046,654 Total current liabilities 6,976,881 8,018,589 Long-Term Obligations, Net of Current Portion: Long-term debt and finance lease obligations, net of current portion (Note 9) 19,678,708 19,717,266 Deferred tax liabilities, net 4,975,164 5,014,309 Operating lease liabilities 3,115,265 3,121,307 Long-term deferred revenue and other long-term liabilities 877,224 849,131 Total long-term obligations, net of current portion 28,

View Full Filing

View this 10-Q filing on SEC EDGAR