EchoStar Reports Fourth Quarter And Fiscal Year 2012 Financial Results
ENGLEWOOD, Colo., Feb. 20, 2013
ENGLEWOOD, Colo., Feb. 20, 2013 /PRNewswire/ --EchoStar Corporation (NASDAQ:
SATS) today reported total revenue of $786 million for the quarter ended Dec.
31, 2012 compared to $834 million for the corresponding period in 2011. Total
revenue for the fiscal year ending Dec. 31, 2012 was $3,122 million compared
to $2,761 million for the corresponding period in 2011.
EchoStar reported net income attributable to EchoStar shareholders of $26.2
million and diluted earnings per share of $0.28 for the quarter ended Dec. 31,
2012, compared with a net loss attributable to EchoStar shareholders of $12.9
million and diluted loss per share of $0.15 during the corresponding period in
2011. For the fiscal year ending Dec. 31, 2012, net income attributable to
EchoStar shareholders was $211.0 million and diluted earnings per share was
$2.40 compared to net income of $3.6 million and diluted earnings per share of
$0.04 during the corresponding period in 2011.
EchoStar acquired Hughes Communications, Inc. and its subsidiaries ("Hughes
Communications") as of June 8, 2011. As a result, the financial results
provided above for the fiscal year ended Dec. 31, 2011 include the results of
Hughes Communications from June 9, 2011 to Dec. 31, 2011. The results provided
above for the fiscal year ended Dec. 31, 2012 include the results of Hughes
Communications for the full 12-month period.
Detailed financial data and other information are available in EchoStar's Form
10-K for the fiscal year ended Dec. 31, 2012 filed today with the Securities
and Exchange Commission.
EchoStar will host its fourth quarter and fiscal year 2012 financial results
conference call today at 1:30 p.m. ET. The dial-in numbers are (877) 815-1625
(U.S.) and (716) 247-5178 (international), Conference ID# 96591596.
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite
operations and video delivery solutions. EchoStar's wholly-owned subsidiary,
Hughes, is the world's leading provider of satellite broadband services,
delivering network technologies and managed services for enterprise and
government customers in more than 100 countries.
Headquartered in Englewood, CO, with additional business units world-wide,
EchoStar is a multiple Emmy award-winning company that has pioneered
advancements in the set-top box and satellite industries for over 30 years,
consistently delivering value for customers, partners and investors through
innovation and outstanding quality. For more than three decades, EchoStar's
contribution to video technology continues to have a major influence on the
way consumers view, receive and manage TV programming.
EchoStar's consumer solutions include HughesNet®, North America's #1
high-speed satellite Internet service, Sling Media's Slingbox® products, and
EchoStar's line of advanced digital video set-top box products for the
European free satellite and terrestrial viewer markets.
For more information, please visit www.echostar.com.
SOURCE EchoStar Corporation
Contact: EchoStar Investor Relations - Deepak Dutt, +1-301-428-1686,
Deepak.Dutt@Hughes.com, or EchoStar Media Relations - Linda Haugsted, Bob Gold
& Associates, +1-310-784-1040, firstname.lastname@example.org
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