EchoStar (SATS) Financials

$22.74 +0.26 (+1.16%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for EchoStar

This table shows EchoStar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	164	182	394	-40	-63	-40	2,486	2,478	-1,702	-120
Consolidated Net Income / (Loss)	149	181	393	-39	-74	-52	2,521	2,537	-1,635	-125
Net Income / (Loss) Continuing Operations	88	136	123	-132	-114	-52	2,521	2,537	-1,635	-125
Total Pre-Tax Income	139	217	-32	-126	-93	-28	3,350	3,335	-1,932	-76
Total Operating Income	274	296	31	36	73	112	3,422	2,233	-278	-304
Total Gross Profit	1,079	1,274	1,024	1,022	1,099	1,144	9,101	8,523	7,505	5,690
Total Revenue	1,849	1,810	1,525	1,763	1,886	1,888	19,819	18,634	17,016	15,826
Operating Revenue	1,849	1,810	1,525	1,763	1,886	1,888	19,819	18,634	17,016	15,826
Total Cost of Revenue	770	537	501	741	787	744	10,717	10,111	9,510	10,136
Operating Cost of Revenue	770	537	501	741	787	744	10,717	10,111	9,510	10,136
Total Operating Expenses	805	978	994	986	1,026	1,031	5,679	6,290	7,783	5,994
Selling, General & Admin Expense	318	325	371	436	509	475	2,686	3,015	2,989	2,427
Depreciation Expense	461	433	386	457	491	525	1,214	1,175	1,598	1,930
Other Operating Expenses / (Income)	-	189	195	-	-	-	1,778	2,099	2,435	1,637
Impairment Charge	0.00	0.00	11	65	0.00	1.69	0.25	0.71	761	0.00
Total Other Income / (Expense), net	-134	-80	-63	-162	-166	-140	-73	1,102	-1,654	229
Interest Expense	122	123	184	219	251	148	111	79	90	482
Interest & Investment Income	-3.32	42	115	62	97	1.41	34	93	207	117
Other Income / (Expense), net	-9.13	2.13	6.58	-4.33	-12	6.21	4.72	1,088	-1,771	593
Income Tax Expense	51	80	-155	6.58	20	24	828	798	-297	49
Net Income / (Loss) Attributable to Noncontrolling Interest	-14	-0.98	-0.28	1.84	-11	-12	35	59	67	-4.97
Basic Earnings per Share	$1.77	$1.94	$4.13	($0.42)	($0.65)	($0.41)	$9.04	$9.17	($6.28)	($0.44)
Weighted Average Basic Shares Outstanding	92.40M	93.60M	95.43M	96.25M	97.80M	93.70M	275.12M	270.10M	270.84M	274.08M
Diluted Earnings per Share	$1.75	$1.92	$4.07	($0.42)	($0.65)	($0.41)	$7.94	$8.05	($6.28)	($0.44)
Weighted Average Diluted Shares Outstanding	93.47M	93.60M	95.43M	96.25M	97.80M	93.70M	313.12M	307.73M	270.84M	274.08M
Weighted Average Basic & Diluted Shares Outstanding	92.50M	93.60M	95.43M	96.25M	97.80M	93.70M	85.86M	83.28M	271.52M	286.44M

This table shows EchoStar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	22	2,350	254	213	-138	-2,030	-107	-206	-142	335
Consolidated Net Income / (Loss)	20	2,418	273	233	-119	-2,022	-108	-207	-144	335
Net Income / (Loss) Continuing Operations	20	2,418	273	233	-119	-2,022	-108	-207	-144	335
Total Pre-Tax Income	33	3,165	367	319	-178	-2,439	-110	-224	-179	438
Total Operating Income	47	2,095	353	252	-31	-852	-15	-65	-161	-63
Total Gross Profit	278	7,669	1,925	1,965	1,740	1,875	1,458	1,445	1,353	1,434
Total Revenue	497	17,136	4,388	4,356	4,109	4,163	4,015	3,953	3,891	3,967
Operating Revenue	497	17,136	4,388	4,356	4,109	4,163	4,015	3,953	3,891	3,967
Total Cost of Revenue	220	9,467	2,463	2,392	2,369	2,288	2,557	2,507	2,538	2,533
Operating Cost of Revenue	220	9,467	2,463	2,392	2,369	2,288	2,557	2,507	2,538	2,533
Total Operating Expenses	231	5,574	1,572	1,713	1,772	2,727	1,473	1,511	1,514	1,497
Selling, General & Admin Expense	111	2,673	701	759	762	768	624	595	643	564
Depreciation Expense	110	828	348	371	397	482	485	508	477	460
Other Operating Expenses / (Income)	-	-	520	583	612	719	363	408	393	473
Total Other Income / (Expense), net	-14	1,070	13	67	-147	-1,587	-95	-159	-18	500
Interest Expense	14	36	20	22	22	27	99	81	82	220
Interest & Investment Income	2.68	20	68	54	44	41	30	14	11	61
Other Income / (Expense), net	-3.12	1,086	-35	34	-169	-1,601	-26	-91	52	659
Income Tax Expense	13	747	94	86	-59	-418	-1.93	-17	-35	103
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.85	68	19	20	20	8.26	-1.00	-1.87	-1.99	-0.11
Basic Earnings per Share	$0.27	$7.67	$0.94	$0.79	($0.51)	($7.50)	($0.40)	($0.76)	($0.52)	$1.24
Weighted Average Basic Shares Outstanding	83.13M	270.10M	269.83M	270.82M	271.25M	270.84M	271.52M	271.59M	271.74M	274.08M
Diluted Earnings per Share	$0.27	$6.56	$0.82	$0.69	($0.51)	($7.28)	($0.40)	($0.76)	($0.52)	$1.24
Weighted Average Diluted Shares Outstanding	83.13M	307.73M	307.41M	308.38M	271.25M	270.84M	271.52M	271.59M	271.74M	274.08M
Weighted Average Basic & Diluted Shares Outstanding	83.13M	83.28M	83.78M	83.85M	83.91M	271.52M	271.52M	271.68M	271.84M	286.44M

This table details how cash moves in and out of EchoStar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	375	1,647	-140	-1,501	592	-625	3,920	-5,715	-650	2,682
Net Cash From Operating Activities	776	803	727	735	656	534	4,655	3,621	2,433	1,253
Net Cash From Continuing Operating Activities	776	803	727	735	656	534	4,655	3,621	2,433	1,253
Net Income / (Loss) Continuing Operations	149	181	393	-39	-74	-52	2,521	2,537	-1,635	-125
Consolidated Net Income / (Loss)	149	181	393	-39	-74	-52	2,521	2,537	-1,635	-125
Depreciation Expense	528	495	534	598	588	525	1,214	1,175	1,598	1,930
Non-Cash Adjustments To Reconcile Net Income	50	14	-22	119	9.48	43	30	-994	2,482	-548
Changes in Operating Assets and Liabilities, net	48	107	-186	48	127	14	890	904	-12	-5.19
Net Cash From Investing Activities	-275	-632	-868	-2,098	822	-1,142	-4,247	-9,060	-2,809	-3,048
Net Cash From Continuing Investing Activities	-275	-632	-868	-2,098	822	-1,142	-4,247	-9,060	-2,809	-3,048
Purchase of Property, Plant & Equipment	-832	-746	-615	-587	-448	-447	-1,619	-3,050	-3,062	-1,545
Purchase of Investments	-601	-923	-856	-3,089	-1,089	-2,805	-6,339	-1,966	-2,408	-1,254
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	0.00	0.00	122
Sale and/or Maturity of Investments	1,057	1,009	598	1,498	2,394	2,110	4,391	4,160	3,859	573
Other Investing Activities, net	100	27	4.31	78	-	-	-680	-8,203	-1,198	-945
Net Cash From Financing Activities	-120	1,476	0.07	-137	-885	-16	3,515	-274	-277	4,484
Net Cash From Continuing Financing Activities	-120	1,476	0.07	-137	-885	-16	3,515	-274	-277	4,484
Repayment of Debt	-159	-53	-44	-117	-926	-0.56	-3,042	-2,213	-1,678	-3,365
Repurchase of Common Equity	-	0.00	0.00	-33	0.00	-43	-261	-89	0.00	0.00
Payment of Dividends	-	-	0.00	0.00	-7.31	-	0.00	0.00	-109	-442
Issuance of Debt	-	1,501	-	-	-	-	6,750	2,000	1,500	8,286
Issuance of Common Equity	14	14	8.76	9.37	9.78	28	68	27	11	4.19
Effect of Exchange Rate Changes	-5.70	0.14	1.35	-	-	-1.39	-3.75	-2.31	3.00	-5.72

This table details how cash moves in and out of EchoStar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-87	-6,086	672	-1,423	231	-131	-1,208	-157	2,261	1,786
Net Cash From Operating Activities	92	3,278	790	749	482	411	451	480	276	46
Net Cash From Continuing Operating Activities	92	3,278	790	749	482	411	451	480	276	46
Net Income / (Loss) Continuing Operations	20	2,418	273	233	-119	-2,022	-108	-207	-144	335
Consolidated Net Income / (Loss)	20	2,418	273	233	-119	-2,022	-108	-207	-144	335
Depreciation Expense	110	828	348	371	397	482	485	508	477	460
Non-Cash Adjustments To Reconcile Net Income	18	-960	55	-17	186	2,258	43	59	0.19	-650
Changes in Operating Assets and Liabilities, net	-56	993	114	163	18	-308	31	121	-58	-99
Net Cash From Investing Activities	-165	-9,175	-205	-2,046	-158	-399	-238	-610	-329	-1,871
Net Cash From Continuing Investing Activities	-165	-9,175	-205	-2,046	-158	-399	-238	-610	-329	-1,871
Purchase of Property, Plant & Equipment	-66	-2,784	-751	-918	-830	-563	-520	-347	-334	-344
Purchase of Investments	-357	-1,425	-607	-1,444	-333	-23	-19	-2.71	-7.32	-1,224
Sale and/or Maturity of Investments	251	3,238	1,372	694	1,175	618	459	43	62	9.61
Other Investing Activities, net	-	-8,203	-219	-378	-170	-431	-158	-329	-146	-312
Net Cash From Financing Activities	-11	-190	85	-127	-91	-144	-1,420	-24	2,314	3,614
Net Cash From Continuing Financing Activities	-11	-190	85	-127	-91	-144	-1,420	-24	2,314	3,614
Repayment of Debt	-0.51	-2,210	-1,419	-132	-94	-33	-978	-26	-189	-2,172
Issuance of Debt	-	-	1,500	-	-	-	0.00	-	2,500	5,786
Issuance of Common Equity	2.13	20	3.97	4.33	3.27	-0.97	-0.16	1.99	2.52	-0.16
Effect of Exchange Rate Changes	-	-	1.68	1.81	-1.86	1.38	-0.85	-2.85	0.24	-2.26

This table presents EchoStar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	7,209	9,009	8,750	8,661	7,154	7,073	6,045	58,748	57,109	60,939
Total Current Assets	2,134	3,723	3,716	3,581	2,836	2,908	1,927	6,758	4,892	8,096
Cash & Equivalents	924	2,570	2,431	928	1,519	896	536	2,498	1,821	4,305
Restricted Cash	-	-	-	-	-	-	-	-	0.00	151
Short-Term Investments	612	523	814	2,282	941	1,638	1,010	1,810	623	1,242
Accounts Receivable	456	202	240	201	197	184	182	1,183	1,122	1,199
Inventories, net	67	63	84	-	-	-	-	626	665	455
Prepaid Expenses	57	43	55	-	-	-	-	618	644	655
Other Current Assets	17	11	92	166	180	190	198	24	16	88
Plant, Property, & Equipment, net	3,413	3,398	3,465	2,535	0.00	2,390	2,338	7,905	9,562	9,187
Total Noncurrent Assets	1,663	1,887	1,569	2,546	4,318	1,775	1,780	44,086	42,655	43,656
Long-Term Investments	230	171	161	267	325	285	298	642	432	372
Intangible Assets	676	625	596	474	508	18	14	1,113	173	75
Other Noncurrent Operating Assets	155	179	215	338	2,978	960	957	42,330	42,050	43,209
Total Liabilities & Shareholders' Equity	7,209	9,009	8,159	8,661	7,154	7,073	6,045	58,748	57,109	60,939
Total Liabilities	3,428	5,002	4,573	4,506	3,409	3,466	2,631	36,698	36,721	40,693
Total Current Liabilities	527	531	414	1,345	496	1,425	460	6,443	8,019	5,831
Short-Term Debt	36	33	41	920	0.00	898	-	1,553	3,047	943
Accounts Payable	238	171	113	121	124	122	319	1,024	774	741
Accrued Expenses	140	96	83	182	271	300	-	2,735	3,146	3,144
Current Deferred Revenue	62	60	-	-	-	-	-	833	755	651
Other Current Nonoperating Liabilities	8.60	118	48	50	-	-	-	298	298	352
Total Noncurrent Liabilities	2,901	4,471	4,159	3,161	2,913	2,041	2,171	30,255	28,702	34,862
Long-Term Debt	2,157	3,622	3,594	2,386	2,389	1,495	1,496	21,344	19,717	25,660
Noncurrent Deferred & Payable Income Tax Liabilities	650	747	436	288	352	360	404	5,355	5,014	4,989
Other Noncurrent Operating Liabilities	-	-	-	-	97	115	135	3,557	3,970	4,213
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	464	438	0.00
Total Equity & Noncontrolling Interests	3,782	4,007	4,177	4,155	3,746	3,607	3,414	21,586	19,950	20,245
Total Preferred & Common Equity	3,695	3,920	4,163	4,140	3,670	3,542	3,354	21,488	19,880	20,191
Total Common Equity	3,695	3,920	3,571	4,140	3,670	3,542	3,354	21,488	19,880	20,191
Common Stock	3,777	3,829	3,670	3,703	3,291	3,322	3,346	8,223	8,302	8,769
Retained Earnings	134	314	-	694	633	584	656	13,440	11,738	11,618
Accumulated Other Comprehensive Income / (Loss)	-117	-125	-	-125	-122	-188	-212	-175	-160	-196
Noncontrolling Interest	86	87	15	15	76	65	60	98	70	54

This table presents EchoStar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	6,125	6,194	6,237	6,230	55,556	55,255	57,547
Total Current Assets	2,041	2,180	2,397	2,473	3,117	2,788	5,000
Cash & Equivalents	901	920	702	1,095	614	419	623
Restricted Cash	-	-	-	-	-	-	2,047
Short-Term Investments	667	755	1,211	895	153	101	52
Accounts Receivable	244	252	239	235	1,023	1,053	1,100
Inventories, net	-	-	-	-	633	557	442
Prepaid Expenses	-	-	-	-	678	642	650
Other Current Assets	229	253	244	248	16	15	87
Plant, Property, & Equipment, net	2,251	2,176	2,168	2,145	9,589	9,427	9,288
Total Noncurrent Assets	1,833	1,838	1,672	1,613	42,850	43,040	43,259
Long-Term Investments	353	365	193	136	430	387	372
Intangible Assets	16	15	15	14	128	87	79
Other Noncurrent Operating Assets	931	925	931	930	42,293	42,567	42,808
Total Liabilities & Shareholders' Equity	6,125	6,194	6,237	6,230	55,556	55,255	57,547
Total Liabilities	2,590	2,551	2,566	2,565	35,715	35,623	38,047
Total Current Liabilities	406	378	398	397	7,005	6,977	7,479
Short-Term Debt	-	-	-	-	2,091	2,083	2,520
Accounts Payable	279	249	290	274	573	655	707
Accrued Expenses	-	-	-	-	3,220	3,279	3,199
Current Deferred Revenue	-	-	-	-	713	670	646
Other Current Nonoperating Liabilities	-	-	-	-	408	289	407
Total Noncurrent Liabilities	2,184	2,172	2,168	2,168	28,710	28,646	30,568
Long-Term Debt	1,497	1,497	1,497	1,497	19,697	19,679	21,557
Noncurrent Deferred & Payable Income Tax Liabilities	434	431	433	433	4,999	4,975	4,926
Other Noncurrent Operating Liabilities	133	132	128	128	4,015	3,992	4,085
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,536	3,643	3,671	3,666	19,841	19,632	19,500
Total Preferred & Common Equity	3,439	3,546	3,574	3,573	19,777	19,573	19,443
Total Common Equity	3,439	3,546	3,574	3,573	19,777	19,573	19,443
Common Stock	3,361	3,376	3,380	3,384	8,311	8,327	8,337
Retained Earnings	784	863	874	877	11,631	11,425	11,283
Accumulated Other Comprehensive Income / (Loss)	-180	-167	-154	-162	-165	-179	-178
Noncontrolling Interest	96	97	97	92	64	59	57

This table displays calculated financial ratios and metrics derived from EchoStar's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-46.34%	-2.08%	-15.76%	15.57%	7.00%	0.10%	949.77%	-5.98%	-8.69%	-6.99%
EBITDA Growth	-10.83%	0.90%	-27.70%	10.29%	2.75%	-1.13%	616.19%	-3.12%	-110.03%	592.40%
EBIT Growth	-20.38%	12.72%	-87.55%	-14.38%	92.82%	93.54%	2,787.63%	-3.09%	-161.68%	114.13%
NOPAT Growth	-36.24%	7.71%	-88.53%	18.24%	102.22%	53.91%	3,171.93%	-34.07%	-111.45%	-9.41%
Net Income Growth	1.23%	20.97%	117.77%	-109.82%	-92.20%	30.10%	4,957.88%	0.61%	-164.44%	92.38%
EPS Growth	-1.69%	9.71%	111.98%	-110.32%	-54.76%	36.92%	2,036.59%	1.39%	-178.01%	92.99%
Operating Cash Flow Growth	-7.58%	3.46%	-9.52%	1.05%	-10.65%	-18.58%	771.16%	-22.21%	-32.82%	-48.50%
Free Cash Flow Firm Growth	859.16%	517.28%	708.10%	-188.44%	104.91%	39.57%	992.10%	-1,420.05%	98.67%	-63.06%
Invested Capital Growth	2.22%	-7.53%	-103.86%	2,411.75%	-3.61%	-5.01%	-3.63%	1,214.28%	0.69%	1.37%
Revenue Q/Q Growth	-42.17%	118.02%	-17.79%	8.16%	13.23%	-0.51%	902.79%	-6.03%	-43.26%	-1.22%
EBITDA Q/Q Growth	-9.65%	7.07%	-23.58%	2.03%	26.73%	2.42%	560.37%	-2.28%	-108.15%	374.88%
EBIT Q/Q Growth	-21.79%	20.97%	-84.59%	3.95%	159.89%	10.66%	1,633.50%	-2.57%	-157.14%	110.49%
NOPAT Q/Q Growth	-24.87%	15.70%	-88.13%	-24.14%	185.56%	6.14%	1,820.18%	-33.30%	-109.54%	72.19%
Net Income Q/Q Growth	11.11%	-11.50%	231.76%	-109.99%	39.54%	53.82%	1,698.37%	1.57%	-158.29%	94.98%
EPS Q/Q Growth	7.36%	-14.29%	230.89%	-110.55%	48.82%	57.73%	384.15%	3.21%	-183.07%	95.09%
Operating Cash Flow Q/Q Growth	-1.17%	8.09%	-11.42%	8.20%	-9.31%	9.36%	679.99%	-20.78%	-54.10%	-22.59%
Free Cash Flow Firm Q/Q Growth	-37.47%	426.38%	693.25%	-2,159.92%	-81.07%	26.39%	1,053.13%	-1,492.91%	-122.37%	98.00%
Invested Capital Q/Q Growth	1.51%	-12.76%	-103.63%	-19.72%	0.40%	-1.04%	-1.60%	1,195.17%	1,235.76%	0.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.37%	70.36%	67.17%	57.99%	58.25%	60.57%	45.92%	45.74%	44.11%	35.95%
EBITDA Margin	42.88%	44.18%	37.92%	36.19%	34.75%	34.32%	23.42%	24.13%	-2.65%	14.03%
Operating Margin	14.81%	16.36%	2.00%	2.05%	3.87%	5.96%	17.27%	11.98%	-1.63%	-1.92%
EBIT Margin	14.31%	16.48%	2.44%	1.80%	3.25%	6.29%	17.29%	17.82%	-12.04%	1.83%
Profit (Net Income) Margin	8.08%	9.98%	25.80%	-2.19%	-3.94%	-2.75%	12.72%	13.61%	-9.61%	-0.79%
Tax Burden Percent	107.21%	83.41%	-1,222.02%	30.71%	79.70%	186.47%	75.27%	76.06%	84.63%	164.77%
Interest Burden Percent	52.65%	72.62%	-86.69%	-395.52%	-151.93%	-23.45%	97.75%	100.42%	94.29%	-26.11%
Effective Tax Rate	36.77%	37.05%	0.00%	0.00%	0.00%	0.00%	24.73%	23.94%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.15%	4.60%	1.14%	1.52%	1.50%	2.41%	82.47%	7.83%	-0.48%	-0.52%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.92%	1.07%	-15.55%	4.06%	24.79%	34.20%	96.58%	17.20%	-7.98%	-0.09%
Return on Net Nonoperating Assets (RNNOA)	-0.12%	0.04%	8.45%	-2.45%	-3.38%	-3.82%	-10.64%	12.09%	-7.22%	-0.09%
Return on Equity (ROE)	4.03%	4.64%	9.59%	-0.92%	-1.88%	-1.41%	71.82%	19.93%	-7.70%	-0.61%
Cash Return on Invested Capital (CROIC)	1.96%	12.41%	0.00%	-103.60%	5.18%	7.55%	86.17%	-163.88%	-1.17%	-1.89%
Operating Return on Assets (OROA)	3.66%	3.68%	0.42%	0.36%	0.78%	1.67%	52.25%	10.25%	-3.54%	0.49%
Return on Assets (ROA)	2.07%	2.23%	4.43%	-0.44%	-0.94%	-0.73%	38.44%	7.83%	-2.82%	-0.21%
Return on Common Equity (ROCE)	3.94%	4.54%	5.30%	-0.53%	-1.86%	-1.38%	70.54%	19.44%	-7.51%	-0.60%
Return on Equity Simple (ROE_SIMPLE)	4.04%	4.61%	64.06%	-0.93%	-2.02%	-1.47%	75.18%	11.81%	-8.22%	-0.62%
Net Operating Profit after Tax (NOPAT)	173	186	21	25	51	79	2,576	1,698	-195	-213
NOPAT Margin	9.36%	10.30%	1.40%	1.44%	2.71%	4.17%	13.00%	9.11%	-1.14%	-1.35%
Net Nonoperating Expense Percent (NNEP)	5.08%	3.53%	16.69%	-2.54%	-23.29%	-31.78%	-14.11%	-9.37%	7.50%	-0.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.82%	-0.46%	-0.45%
Cost of Revenue to Revenue	41.63%	29.64%	32.83%	42.01%	41.75%	39.43%	54.08%	54.26%	55.89%	64.05%
SG&A Expenses to Revenue	17.21%	17.95%	24.29%	24.74%	26.99%	25.16%	13.55%	16.18%	17.57%	15.33%
R&D to Revenue	1.43%	1.72%	2.08%	1.56%	1.36%	1.56%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.56%	54.00%	65.16%	55.94%	54.38%	54.61%	28.65%	33.76%	45.74%	37.88%
Earnings before Interest and Taxes (EBIT)	265	298	37	32	61	119	3,427	3,321	-2,049	289
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	793	800	578	638	655	648	4,641	4,496	-451	2,220
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	1.00	7.60	0.70	1.15	0.59	0.68	0.06	0.07	0.31
Price to Tangible Book Value (P/TBV)	1.18	1.41	7.60	0.91	1.59	0.69	0.81	0.07	0.07	0.31
Price to Revenue (P/Rev)	1.60	2.18	3.06	1.63	2.24	1.10	0.12	0.07	0.08	0.39
Price to Earnings (P/E)	18.02	21.68	11.86	0.00	0.00	0.00	0.92	0.56	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	20.18%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.55%	4.61%	8.43%	0.00%	0.00%	0.00%	108.92%	178.69%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.82	1.13	0.00	0.78	1.17	0.54	0.65	0.49	0.54	0.65
Enterprise Value to Revenue (EV/Rev)	1.87	2.44	2.95	1.54	2.07	0.91	0.10	1.07	1.28	1.69
Enterprise Value to EBITDA (EV/EBITDA)	4.37	5.52	7.78	4.27	5.96	2.65	0.43	4.43	0.00	12.08
Enterprise Value to EBIT (EV/EBIT)	13.08	14.81	121.19	85.59	63.70	14.48	0.58	5.99	0.00	92.64
Enterprise Value to NOPAT (EV/NOPAT)	19.99	23.69	210.42	107.61	76.36	21.83	0.77	11.72	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.46	5.50	6.19	3.71	5.95	3.22	0.43	5.49	8.96	21.40
Enterprise Value to Free Cash Flow (EV/FCFF)	42.42	8.77	1.11	0.00	22.12	6.97	0.74	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.91	0.00	0.80	0.64	0.66	0.44	1.04	1.12	1.31
Long-Term Debt to Equity	0.57	0.90	0.00	0.57	0.64	0.41	0.44	0.97	0.97	1.27
Financial Leverage	0.13	0.04	-0.54	-0.60	-0.14	-0.11	-0.11	0.70	0.91	1.01
Leverage Ratio	1.95	2.08	2.17	2.09	2.00	1.94	1.87	2.54	2.73	2.91
Compound Leverage Factor	1.03	1.51	-1.88	-8.25	-3.04	-0.45	1.83	2.56	2.57	-0.76
Debt to Total Capital	36.70%	47.71%	0.00%	44.31%	38.95%	39.89%	30.47%	50.94%	52.75%	56.79%
Short-Term Debt to Total Capital	0.60%	0.43%	0.00%	12.32%	0.00%	14.97%	0.00%	3.45%	7.06%	2.01%
Long-Term Debt to Total Capital	36.10%	47.28%	0.00%	31.98%	38.95%	24.92%	30.47%	47.49%	45.69%	54.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.44%	1.13%	0.00%	0.20%	1.23%	1.08%	1.23%	1.25%	1.18%	0.12%
Common Equity to Total Capital	61.86%	51.16%	14.62%	55.49%	59.82%	59.03%	68.31%	47.81%	46.07%	43.10%
Debt to EBITDA	2.77	4.57	0.00	5.18	3.65	3.69	0.32	5.09	-50.50	11.99
Net Debt to EBITDA	0.54	0.49	0.00	-0.27	-0.60	-0.66	-0.08	3.99	-44.12	9.25
Long-Term Debt to EBITDA	2.72	4.53	0.00	3.74	3.65	2.31	0.32	4.75	-43.74	11.56
Debt to NOPAT	12.67	19.61	0.00	130.68	46.71	30.40	0.58	13.48	-117.02	-124.99
Net Debt to NOPAT	2.46	2.10	0.00	-6.77	-7.75	-5.41	-0.14	10.57	-102.23	-96.47
Long-Term Debt to NOPAT	12.46	19.43	0.00	94.33	46.71	18.99	0.58	12.57	-101.36	-120.56
Altman Z-Score	1.19	1.26	0.94	1.02	1.55	1.05	6.11	0.85	0.42	0.68
Noncontrolling Interest Sharing Ratio	2.39%	2.22%	44.75%	43.10%	1.15%	1.91%	1.78%	2.45%	2.52%	1.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.05	7.01	2.21	2.66	5.72	2.04	4.19	1.05	0.61	1.39
Quick Ratio	3.78	6.20	1.58	2.54	5.36	1.91	3.76	0.85	0.44	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	82	504	4,070	-3,600	177	246	2,692	-35,531	-473	-771
Operating Cash Flow to CapEx	93.37%	107.75%	118.28%	125.18%	146.54%	119.43%	287.49%	118.71%	79.44%	88.05%
Free Cash Flow to Firm to Interest Expense	0.67	4.08	22.07	-16.42	0.70	1.67	24.22	-448.52	-5.23	-1.60
Operating Cash Flow to Interest Expense	6.36	6.51	3.94	3.35	2.61	3.61	41.88	45.71	26.92	2.60
Operating Cash Flow Less CapEx to Interest Expense	-0.45	0.47	0.61	0.67	0.83	0.59	27.31	7.20	-6.97	-0.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.22	0.17	0.20	0.24	0.27	3.02	0.58	0.29	0.27
Accounts Receivable Turnover	4.24	5.50	7.01	8.12	9.48	9.92	108.28	27.31	14.77	13.64
Inventory Turnover	11.84	8.28	0.00	0.00	0.00	0.00	0.00	0.00	14.73	18.09
Fixed Asset Turnover	0.56	0.53	0.00	0.00	0.00	0.00	8.38	3.64	1.95	1.69
Accounts Payable Turnover	3.35	2.62	0.00	0.00	6.41	6.04	48.59	15.07	10.58	13.38
Days Sales Outstanding (DSO)	86.01	66.36	52.05	44.95	38.48	36.79	3.37	13.37	24.72	26.76
Days Inventory Outstanding (DIO)	30.81	44.09	0.00	0.00	0.00	0.00	0.00	0.00	24.78	20.17
Days Payable Outstanding (DPO)	108.85	139.36	0.00	0.00	56.91	60.42	7.51	24.23	34.49	27.28
Cash Conversion Cycle (CCC)	7.97	-28.90	52.05	44.95	-18.42	-23.63	-4.14	-10.86	15.00	19.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,216	3,899	-150	3,475	3,349	3,182	3,066	40,295	40,573	41,131
Invested Capital Turnover	0.44	0.45	0.81	1.06	0.55	0.58	6.34	0.86	0.42	0.39
Increase / (Decrease) in Invested Capital	91	-317	-4,049	3,625	-125	-168	-116	37,229	278	558
Enterprise Value (EV)	3,461	4,417	4,502	2,722	3,906	1,719	1,995	19,896	21,786	26,812
Market Capitalization	2,949	3,938	4,670	2,878	4,226	2,080	2,283	1,387	1,390	6,225
Book Value per Share	$39.91	$41.66	$6.42	$43.02	$37.61	$36.09	$38.72	$258.48	$236.93	$74.28
Tangible Book Value per Share	$27.09	$29.65	$6.42	$32.85	$27.20	$30.69	$32.65	$245.09	$234.87	$74.00
Total Capital	5,974	7,662	4,201	7,461	6,135	6,001	4,910	44,946	43,152	46,849
Total Debt	2,192	3,655	0.00	3,306	2,389	2,393	1,496	22,896	22,764	26,603
Total Long-Term Debt	2,157	3,622	0.00	2,386	2,389	1,495	1,496	21,344	19,717	25,660
Net Debt	426	392	-168	-171	-396	-426	-348	17,947	19,887	20,533
Capital Expenditures (CapEx)	832	746	615	587	448	447	1,619	3,050	3,062	1,423
Debt-free, Cash-free Net Working Capital (DFCFNWC)	106	132	178	-55	-120	-153	-80	-2,440	-2,525	-2,491
Debt-free Net Working Capital (DFNWC)	1,643	3,225	178	3,155	2,340	2,381	1,467	1,868	-80	3,208
Net Working Capital (NWC)	1,607	3,192	178	2,236	2,340	1,483	1,467	315	-3,127	2,265
Net Nonoperating Expense (NNE)	24	5.75	-372	64	125	131	55	-839	1,440	-88
Net Nonoperating Obligations (NNO)	434	-108	-4,351	-681	-396	-426	-348	18,245	20,185	20,886
Total Depreciation and Amortization (D&A)	528	502	541	606	594	529	1,214	1,175	1,598	1,930
Debt-free, Cash-free Net Working Capital to Revenue	5.73%	7.29%	11.67%	-3.13%	-6.35%	-8.11%	-0.40%	-13.09%	-14.84%	-15.74%
Debt-free Net Working Capital to Revenue	88.84%	178.12%	11.67%	179.01%	124.08%	126.13%	7.40%	10.02%	-0.47%	20.27%
Net Working Capital to Revenue	86.91%	176.30%	11.67%	126.84%	124.08%	78.55%	7.40%	1.69%	-18.38%	14.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.77	$1.94	$4.13	($0.42)	($0.65)	($0.41)	$0.81	$2.10	($6.28)	($0.44)
Adjusted Weighted Average Basic Shares Outstanding	92.40M	93.80M	95.43M	95.35M	97.80M	93.70M	85.86M	83.28M	270.84M	274.08M
Adjusted Diluted Earnings per Share	$1.75	$1.92	$4.07	($0.42)	($0.65)	($0.41)	$0.81	$2.10	($6.28)	($0.44)
Adjusted Weighted Average Diluted Shares Outstanding	93.47M	94.41M	96.74M	95.35M	97.80M	93.70M	85.86M	83.28M	270.84M	274.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.41)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.25M	94.59M	95.83M	95.35M	97.80M	93.70M	85.86M	83.28M	271.52M	286.44M
Normalized Net Operating Profit after Tax (NOPAT)	173	186	29	71	51	80	2,576	1,699	338	-213
Normalized NOPAT Margin	9.36%	10.30%	1.90%	4.03%	2.71%	4.23%	13.00%	9.12%	1.99%	-1.35%
Pre Tax Income Margin	7.54%	11.97%	-2.11%	-7.14%	-4.94%	-1.47%	16.90%	17.90%	-11.35%	-0.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.17	2.42	0.20	0.15	0.24	0.80	30.83	41.93	-22.67	0.60
NOPAT to Interest Expense	1.42	1.51	0.12	0.12	0.20	0.53	23.18	21.44	-2.15	-0.44
EBIT Less CapEx to Interest Expense	-4.65	-3.62	-3.13	-2.53	-1.54	-2.22	16.26	3.42	-56.56	-2.35
NOPAT Less CapEx to Interest Expense	-5.40	-4.53	-3.22	-2.56	-1.58	-2.49	8.61	-17.07	-36.04	-3.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-9.85%	0.00%	0.00%	0.00%	-6.69%	-354.98%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-86.18%	-9.85%	-83.73%	10.37%	3.52%	-6.69%	-354.98%

This table displays calculated financial ratios and metrics derived from EchoStar's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.44%	-6.52%	774.85%	772.49%	726.09%	-75.71%	-8.50%	-9.27%	-5.30%	-4.70%
EBITDA Growth	-12.96%	-2.55%	287.55%	306.30%	27.45%	-149.17%	-33.36%	-46.62%	87.28%	153.59%
EBIT Growth	-22.60%	-2.68%	520.94%	537.11%	-556.15%	-177.12%	-112.98%	-154.79%	45.75%	124.31%
NOPAT Growth	-25.82%	-34.73%	698.28%	507.14%	-178.15%	-137.27%	-104.06%	-124.87%	-412.83%	91.96%
Net Income Growth	-35.30%	1.65%	206.76%	2,121.83%	-707.35%	-183.61%	-139.72%	-189.16%	-21.11%	116.58%
EPS Growth	-28.95%	3.96%	-22.64%	331.25%	-288.89%	-210.98%	-148.78%	-210.14%	-1.96%	117.03%
Operating Cash Flow Growth	-23.10%	-22.46%	657.00%	408.67%	426.20%	-87.46%	-42.87%	-35.96%	-42.76%	-88.92%
Free Cash Flow Firm Growth	-76.25%	-1,487.61%	325.33%	173.15%	59.01%	97.55%	-11,110.76%	-15,512.24%	-73,419.20%	30.74%
Invested Capital Growth	-0.14%	1,214.28%	-2.51%	-1.95%	-2.37%	0.69%	1,217.42%	1,231.92%	1,246.20%	1.37%
Revenue Q/Q Growth	-0.39%	3,345.21%	-74.40%	-0.71%	-5.68%	1.31%	-48.91%	-1.55%	-1.56%	1.95%
EBITDA Q/Q Growth	-4.45%	2,494.71%	-83.38%	-1.41%	-70.03%	-1,100.92%	132.29%	-21.03%	5.17%	186.39%
EBIT Q/Q Growth	-2.29%	7,144.65%	-89.99%	-10.13%	-169.96%	-1,124.83%	98.45%	-279.33%	30.73%	648.78%
NOPAT Q/Q Growth	-7.35%	5,599.13%	-83.57%	-30.00%	-111.93%	-2,618.20%	98.32%	-328.82%	-145.94%	57.36%
Net Income Q/Q Growth	86.67%	12,267.90%	-88.72%	-14.72%	-151.03%	-1,602.61%	94.94%	-91.43%	30.68%	333.04%
EPS Q/Q Growth	68.75%	2,329.63%	-87.50%	-15.85%	-173.91%	-1,327.45%	94.89%	-90.00%	31.58%	338.46%
Operating Cash Flow Q/Q Growth	-37.75%	3,475.15%	-75.90%	-5.16%	-35.60%	-14.79%	-78.83%	6.31%	-42.43%	-83.50%
Free Cash Flow Firm Q/Q Growth	-63.69%	-109,511.04%	100.96%	-28.54%	-78.87%	-1,788.89%	-4,039.72%	-0.02%	-0.54%	98.40%
Invested Capital Q/Q Growth	-0.36%	1,195.17%	-92.31%	-1.25%	-0.78%	1,235.76%	0.66%	-0.16%	0.28%	0.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.87%	44.75%	43.87%	45.10%	42.35%	45.04%	36.31%	36.56%	34.77%	36.15%
EBITDA Margin	31.06%	23.39%	15.19%	15.08%	4.79%	-47.35%	11.06%	8.87%	9.48%	26.62%
Operating Margin	9.46%	12.22%	8.05%	5.79%	-0.76%	-20.47%	-0.38%	-1.65%	-4.13%	-1.58%
EBIT Margin	8.83%	18.56%	7.26%	6.57%	-4.87%	-58.94%	-1.03%	-3.97%	-2.79%	15.03%
Profit (Net Income) Margin	3.93%	14.11%	6.22%	5.34%	-2.89%	-48.57%	-2.70%	-5.25%	-3.70%	8.45%
Tax Burden Percent	59.70%	76.40%	74.40%	72.95%	66.64%	82.88%	98.25%	92.57%	80.35%	76.55%
Interest Burden Percent	74.57%	99.49%	115.12%	111.41%	88.96%	99.43%	266.72%	142.86%	164.70%	73.42%
Effective Tax Rate	40.30%	23.60%	25.60%	27.05%	0.00%	0.00%	0.00%	0.00%	0.00%	23.45%
Return on Invested Capital (ROIC)	35.96%	8.03%	42.97%	36.03%	-5.21%	-6.03%	-0.20%	-0.86%	-2.11%	-0.47%
ROIC Less NNEP Spread (ROIC-NNEP)	38.00%	17.16%	40.81%	26.17%	13.18%	-13.45%	-1.16%	-2.43%	-2.41%	1.40%
Return on Net Nonoperating Assets (RNNOA)	-4.50%	12.06%	-5.22%	-3.60%	-1.93%	-12.18%	-1.01%	-2.14%	-2.16%	1.41%
Return on Equity (ROE)	31.46%	20.09%	37.75%	32.43%	-7.14%	-18.21%	-1.21%	-3.00%	-4.27%	0.94%
Cash Return on Invested Capital (CROIC)	81.93%	-163.88%	64.05%	69.31%	68.70%	-1.17%	-173.84%	-175.14%	-175.83%	-1.89%
Operating Return on Assets (OROA)	28.45%	10.68%	26.45%	28.06%	-23.66%	-17.31%	-0.56%	-2.10%	-1.40%	4.03%
Return on Assets (ROA)	12.67%	8.12%	22.65%	22.81%	-14.03%	-14.27%	-1.46%	-2.77%	-1.86%	2.27%
Return on Common Equity (ROCE)	30.74%	19.60%	36.66%	31.54%	-6.95%	-17.75%	-1.20%	-2.98%	-4.24%	0.93%
Return on Equity Simple (ROE_SIMPLE)	72.62%	0.00%	76.73%	82.34%	78.49%	0.00%	-10.19%	-12.55%	-12.76%	0.00%
Net Operating Profit after Tax (NOPAT)	28	1,600	263	184	-22	-596	-11	-46	-113	-48
NOPAT Margin	5.65%	9.34%	5.99%	4.22%	-0.53%	-14.33%	-0.27%	-1.16%	-2.89%	-1.21%
Net Nonoperating Expense Percent (NNEP)	-2.04%	-9.14%	2.16%	9.87%	-18.39%	7.42%	0.96%	1.57%	0.30%	-1.87%
Return On Investment Capital (ROIC_SIMPLE)	-	3.60%	-	-	-	-1.40%	-	-	-	-0.10%
Cost of Revenue to Revenue	44.13%	55.25%	56.13%	54.90%	57.65%	54.96%	63.69%	63.44%	65.23%	63.85%
SG&A Expenses to Revenue	22.40%	15.60%	15.97%	17.41%	18.55%	18.45%	15.55%	15.05%	16.53%	14.22%
R&D to Revenue	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.41%	32.53%	35.82%	39.31%	43.12%	65.51%	36.69%	38.22%	38.90%	37.73%
Earnings before Interest and Taxes (EBIT)	44	3,181	319	286	-200	-2,453	-41	-157	-109	596
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	154	4,009	666	657	197	-1,971	444	351	369	1,056
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.40	0.06	0.43	0.41	0.39	0.07	0.20	0.25	0.35	0.31
Price to Tangible Book Value (P/TBV)	0.47	0.07	0.51	0.48	0.46	0.07	0.20	0.25	0.35	0.31
Price to Revenue (P/Rev)	0.07	0.07	0.07	0.06	0.05	0.08	0.23	0.30	0.42	0.39
Price to Earnings (P/E)	0.56	0.56	0.58	0.51	0.52	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	179.93%	178.69%	173.31%	195.40%	190.66%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.33	0.49	0.35	0.31	0.29	0.54	0.60	0.63	0.68	0.65
Enterprise Value to Revenue (EV/Rev)	0.05	1.07	0.05	0.04	0.03	1.28	1.47	1.59	1.73	1.69
Enterprise Value to EBITDA (EV/EBITDA)	0.23	4.43	0.22	0.17	0.16	0.00	0.00	0.00	0.00	12.08
Enterprise Value to EBIT (EV/EBIT)	0.31	5.99	0.30	0.25	0.24	0.00	0.00	0.00	0.00	92.64
Enterprise Value to NOPAT (EV/NOPAT)	0.41	11.72	0.56	0.45	0.43	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.23	5.49	0.25	0.19	0.16	8.96	11.71	14.11	17.17	21.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.41	0.00	0.54	0.44	0.41	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	1.04	0.41	0.41	0.41	1.12	1.10	1.11	1.23	1.31
Long-Term Debt to Equity	0.42	0.97	0.41	0.41	0.41	0.97	0.99	1.00	1.11	1.27
Financial Leverage	-0.12	0.70	-0.13	-0.14	-0.15	0.91	0.87	0.88	0.90	1.01
Leverage Ratio	1.74	2.54	1.72	1.72	1.72	2.73	2.63	2.64	2.75	2.91
Compound Leverage Factor	1.30	2.53	1.98	1.92	1.53	2.71	7.01	3.77	4.53	2.13
Debt to Total Capital	29.74%	50.94%	29.12%	28.97%	29.00%	52.75%	52.34%	52.57%	55.25%	56.79%
Short-Term Debt to Total Capital	0.00%	3.45%	0.00%	0.00%	0.00%	7.06%	5.02%	5.03%	5.78%	2.01%
Long-Term Debt to Total Capital	29.74%	47.49%	29.12%	28.97%	29.00%	45.69%	47.32%	47.54%	49.47%	54.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.91%	1.25%	1.89%	1.88%	1.79%	1.18%	0.15%	0.14%	0.13%	0.12%
Common Equity to Total Capital	68.35%	47.81%	68.99%	69.15%	69.21%	46.07%	47.51%	47.29%	44.62%	43.10%
Debt to EBITDA	0.33	5.09	0.30	0.27	0.27	-50.50	-32.37	-22.22	-29.82	11.99
Net Debt to EBITDA	-0.09	3.99	-0.11	-0.11	-0.11	-44.12	-30.59	-21.29	-25.99	9.25
Long-Term Debt to EBITDA	0.33	4.75	0.30	0.27	0.27	-43.74	-29.26	-20.09	-26.70	11.56
Debt to NOPAT	0.59	13.48	0.78	0.72	0.73	-117.02	-48.14	-32.25	-31.46	-124.99
Net Debt to NOPAT	-0.17	10.57	-0.28	-0.29	-0.31	-102.23	-45.50	-30.90	-27.41	-96.47
Long-Term Debt to NOPAT	0.59	12.57	0.78	0.72	0.73	-101.36	-43.52	-29.16	-28.16	-120.56
Altman Z-Score	4.08	0.85	4.71	5.30	5.63	0.40	0.57	0.56	0.60	0.70
Noncontrolling Interest Sharing Ratio	2.29%	2.45%	2.90%	2.77%	2.62%	2.52%	0.69%	0.67%	0.65%	1.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.02	1.05	5.76	6.02	6.23	0.61	0.44	0.40	0.67	1.39
Quick Ratio	4.46	0.85	5.10	5.41	5.61	0.44	0.26	0.23	0.24	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	-35,629	343	245	52	-875	-37,751	-37,760	-37,965	-606
Operating Cash Flow to CapEx	138.05%	117.73%	105.15%	81.59%	58.15%	73.00%	86.85%	138.13%	115.91%	13.23%
Free Cash Flow to Firm to Interest Expense	2.35	-987.16	17.11	11.32	2.38	-32.53	-379.76	-465.22	-465.81	-2.76
Operating Cash Flow to Interest Expense	6.62	90.82	39.43	34.61	22.14	15.29	4.54	5.91	3.39	0.21
Operating Cash Flow Less CapEx to Interest Expense	1.83	13.68	1.93	-7.81	-15.93	-5.66	-0.69	1.63	0.47	-1.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.22	0.58	3.64	4.27	4.85	0.29	0.54	0.53	0.50	0.27
Accounts Receivable Turnover	89.04	27.31	99.83	113.95	125.19	14.77	26.11	25.14	24.00	13.64
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	14.73	0.00	0.00	0.00	18.09
Fixed Asset Turnover	0.00	3.64	9.89	11.77	13.64	1.95	2.83	2.80	2.80	1.69
Accounts Payable Turnover	55.37	15.07	46.28	49.32	60.36	10.58	23.36	20.56	20.15	13.38
Days Sales Outstanding (DSO)	4.10	13.37	3.66	3.20	2.92	24.72	13.98	14.52	15.21	26.76
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	24.78	0.00	0.00	0.00	20.17
Days Payable Outstanding (DPO)	6.59	24.23	7.89	7.40	6.05	34.49	15.62	17.75	18.12	27.28
Cash Conversion Cycle (CCC)	-2.49	-10.86	-4.23	-4.20	-3.13	15.00	-1.64	-3.24	-2.91	19.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,111	40,295	3,100	3,061	3,037	40,573	40,840	40,776	40,890	41,131
Invested Capital Turnover	6.37	0.86	7.17	8.53	9.75	0.42	0.76	0.74	0.73	0.39
Increase / (Decrease) in Invested Capital	-4.48	37,229	-80	-61	-74	278	37,740	37,714	37,853	558
Enterprise Value (EV)	1,042	19,896	1,077	940	869	21,786	24,524	25,749	27,784	26,812
Market Capitalization	1,370	1,387	1,523	1,453	1,404	1,390	3,869	4,836	6,743	6,225
Book Value per Share	$41.35	$258.48	$42.58	$42.66	$42.62	$236.93	$72.84	$72.09	$71.57	$74.28
Tangible Book Value per Share	$34.75	$245.09	$36.00	$36.12	$36.10	$234.87	$72.37	$71.77	$71.27	$74.00
Total Capital	5,032	44,946	5,140	5,168	5,163	43,152	41,629	41,394	43,578	46,849
Total Debt	1,497	22,896	1,497	1,497	1,497	22,764	21,787	21,762	24,078	26,603
Total Long-Term Debt	1,497	21,344	1,497	1,497	1,497	19,717	19,697	19,679	21,557	25,660
Net Debt	-424	17,947	-543	-610	-628	19,887	20,591	20,854	20,983	20,533
Capital Expenditures (CapEx)	66	2,784	751	918	830	563	520	347	238	344
Debt-free, Cash-free Net Working Capital (DFCFNWC)	67	-2,440	126	85	87	-2,525	-2,564	-2,627	-2,680	-2,491
Debt-free Net Working Capital (DFNWC)	1,635	1,868	1,802	1,999	2,076	-80	-1,798	-2,106	42	3,208
Net Working Capital (NWC)	1,635	315	1,802	1,999	2,076	-3,127	-3,888	-4,189	-2,479	2,265
Net Nonoperating Expense (NNE)	8.53	-818	-9.96	-49	97	1,425	98	162	31	-383
Net Nonoperating Obligations (NNO)	-424	18,245	-543	-610	-628	20,185	20,999	21,144	21,390	20,886
Total Depreciation and Amortization (D&A)	111	828	348	371	397	482	485	508	477	460
Debt-free, Cash-free Net Working Capital to Revenue	0.34%	-13.09%	0.56%	0.32%	0.29%	-14.84%	-15.41%	-16.18%	-16.73%	-15.74%
Debt-free Net Working Capital to Revenue	8.24%	10.02%	8.00%	7.58%	6.92%	-0.47%	-10.80%	-12.97%	0.26%	20.27%
Net Working Capital to Revenue	8.24%	1.69%	8.00%	7.58%	6.92%	-18.38%	-23.36%	-25.80%	-15.47%	14.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$7.67	$0.35	$0.13	$0.04	($7.50)	($0.40)	($0.76)	($0.52)	$1.24
Adjusted Weighted Average Basic Shares Outstanding	83.13M	270.10M	83.78M	83.85M	83.91M	270.84M	271.52M	271.59M	271.74M	274.08M
Adjusted Diluted Earnings per Share	$0.27	$6.56	$0.35	$0.13	$0.04	($7.28)	($0.40)	($0.76)	($0.52)	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	83.13M	307.73M	83.78M	83.85M	83.91M	270.84M	271.52M	271.59M	271.74M	274.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.13M	83.28M	83.78M	83.85M	83.91M	271.52M	271.52M	271.68M	271.84M	286.44M
Normalized Net Operating Profit after Tax (NOPAT)	28	1,600	265	184	-22	-66	-11	-46	-113	-48
Normalized NOPAT Margin	5.65%	9.34%	6.04%	4.22%	-0.53%	-1.58%	-0.27%	-1.16%	-2.89%	-1.21%
Pre Tax Income Margin	6.58%	18.47%	8.36%	7.32%	-4.34%	-58.60%	-2.75%	-5.67%	-4.60%	11.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.17	88.14	15.90	13.23	-9.19	-91.26	-0.42	-1.93	-1.33	2.72
NOPAT to Interest Expense	2.03	44.34	13.12	8.50	-1.01	-22.19	-0.11	-0.56	-1.38	-0.22
EBIT Less CapEx to Interest Expense	-1.63	11.00	-21.60	-29.19	-47.26	-112.22	-5.64	-6.21	-4.26	1.15
NOPAT Less CapEx to Interest Expense	-2.77	-32.80	-24.38	-33.91	-39.07	-43.14	-5.33	-4.84	-4.30	-1.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-6.69%	-27.35%	-22.45%	-22.22%	-354.98%
Augmented Payout Ratio	4.86%	3.52%	0.00%	0.00%	0.00%	-6.69%	-27.35%	-22.45%	-22.22%	-354.98%

Frequently Asked Questions About EchoStar's Financials

When does EchoStar's financial year end?

According to the most recent income statement we have on file, EchoStar's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has EchoStar's net income changed over the last 9 years?

EchoStar's net income appears to be on an upward trend, with a most recent value of -$124.52 million in 2024, falling from $149.37 million in 2015. The previous period was -$1.63 billion in 2023.

What is EchoStar's operating income?

EchoStar's total operating income in 2024 was -$304.07 million, based on the following breakdown:

Total Gross Profit: $5.69 billion
Total Operating Expenses: $5.99 billion

How has EchoStar revenue changed over the last 9 years?

Over the last 9 years, EchoStar's total revenue changed from $1.85 billion in 2015 to $15.83 billion in 2024, a change of 756.0%.

How much debt does EchoStar have?

EchoStar's total liabilities were at $40.69 billion at the end of 2024, a 10.8% increase from 2023, and a 1,087.1% increase since 2015.

How much cash does EchoStar have?

In the past 9 years, EchoStar's cash and equivalents has ranged from $535.89 million in 2021 to $4.31 billion in 2024, and is currently $4.31 billion as of their latest financial filing in 2024.

How has EchoStar's book value per share changed over the last 9 years?

Over the last 9 years, EchoStar's book value per share changed from 39.91 in 2015 to 74.28 in 2024, a change of 86.1%.

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This page (NASDAQ:SATS) was last updated on 4/15/2025 by MarketBeat.com Staff

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EchoStar (SATS) Financials

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EchoStar (SATS) Financials

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