EchoStar Corporation (SATS)
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About
Business overview of EchoStar Corporation (SATS)
Satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million us customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar has agreed to sell this business to television rival DirecTV. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
Key Insights
Critical company metrics and information
Share Price
$24.00Market Cap
$6.87 BillionTotal Outstanding Shares
140.49 Million SharesTotal Employees
15,300Dividend
No dividendIPO Date
December 31, 2007SIC Description
Communications Services, NecHomepage
https://www.echostar.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities, Continuing | $-1.58 Billion |
| Net Cash Flow, Continuing | $767.23 Million |
| Net Cash Flow From Operating Activities, Continuing | $1.62 Billion |
| Net Cash Flow From Financing Activities, Continuing | $725.71 Million |
| Net Cash Flow From Financing Activities | $725.71 Million |
| Net Cash Flow From Investing Activities | $-1.58 Billion |
| Exchange Gains/Losses | $-2.08 Million |
| Net Cash Flow From Operating Activities | $1.62 Billion |
| Net Cash Flow | $765.16 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Income/Loss From Continuing Operations Before Tax | $-2.53 Billion |
| Income/Loss From Equity Method Investments | $-75.89 Million |
| Benefits Costs and Expenses | $18.56 Billion |
| Operating Income/Loss | $-1.09 Billion |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Income Tax Expense/Benefit | $-471.30 Million |
| Other Operating Expenses | $14.38 Billion |
| Operating Expenses | $17.11 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $3.40 Million |
| Selling, General, and Administrative Expenses | $2.63 Billion |
| Costs And Expenses | $18.28 Billion |
| Net Income/Loss | $-2.48 Billion |
| Income/Loss Before Equity Method Investments | $-2.88 Billion |
| Diluted Earnings Per Share | $9.15 |
| Research and Development | $103.00 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $-2.48 Billion |
| Basic Average Shares | $271.11 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Revenues | $16.02 Billion |
| Basic Earnings Per Share | $9.15 |
| Income Tax Expense/Benefit, Deferred | $-526.14 Million |
| Nonoperating Income/Loss | $-1.86 Billion |
| Net Income/Loss Attributable To Parent | $-2.48 Billion |
| Income/Loss From Continuing Operations After Tax | $-2.48 Billion |
| Diluted Average Shares | $271.08 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Current Liabilities | $7.48 Billion |
| Assets | $57.55 Billion |
| Equity Attributable To Parent | $19.44 Billion |
| Equity Attributable To Noncontrolling Interest | $57.37 Million |
| Liabilities | $38.05 Billion |
| Liabilities And Equity | $57.55 Billion |
| Other Current Liabilities | $6.77 Billion |
| Fixed Assets | $9.29 Billion |
| Noncurrent Liabilities | $30.57 Billion |
| Accounts Payable | $707.48 Million |
| Other Non-current Assets | $43.26 Billion |
| Noncurrent Assets | $52.55 Billion |
| Current Assets | $5.00 Billion |
| Equity | $19.50 Billion |
| Inventory | $441.68 Million |
| Other Current Assets | $4.56 Billion |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||
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