EchoStar (ECHO) FY2012 results: revenue $3.1 billion, up 13.0% on the year
EchoStar Corp. (ECHO) reported revenue of $3.1 billion for fiscal 2012, the year ended 31 December 2012, up 13.0% on the year before. Net income was $211 million, up 5699.6%, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2013.
Revenue
$3.1 billion
+13.0% on the year
FY2008FY2012
Operating margin
3.2%
2.9% a year earlier
FY2008FY2012
Net income
$211 million
+5,699.6% on the year
FY2008FY2012
Diluted EPS
$2.40
+5,900.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,122
2,761
2,350
+13.0%
Cost of revenue
2,089
1,907
1,789
+9.5%
Gross profit
1,032
854
561
+20.9%
Gross margin
33.1%
30.9%
23.9%
Research and development
69.6
51.0
46.1
+36.7%
Selling, general and administrative
373
289
128
+29.1%
Operating income
99.9
80.8
142
+23.6%
Operating margin
3.2%
2.9%
6.1%
Interest expense
153
82.6
0.1
+85.3%
Pre-tax income
195
25.8
289
+655.3%
Income tax
-16.3
21.5
84.4
Effective tax rate
-8.4%
83.4%
29.2%
Net income
211
3.6
204
+5,699.6%
Net margin
6.8%
0.1%
8.7%
Diluted EPS
$2.40
$0.04
$2.40
+5,900.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
505
447
404
+13.0%
Capital expenditure
513
377
197
+36.0%
Free cash flow
-7.9
69.8
207
Free cash flow margin
-0.3%
2.5%
8.8%
Cash from investing
n/a
n/a
-239
Cash from financing
n/a
n/a
-47.0
Depreciation and amortisation
457
386
229
+18.5%
Share-based compensation
14.6
16.1
13.5
-9.2%
Buybacks
n/a
n/a
0.6
Diluted shares, weighted
88m
87m
85m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,141
3,043
3,013
+3.2%
Non-controlling interest
9.3
9.1
n/a
+2.5%
Debt
2,488
2,529
413
-1.6%
Other liabilities
962
963
416
-0.2%
Total liabilities and equity
6,600
6,544
3,842
+0.9%
Fixed assets
2,612
2,454
1,263
+6.5%
Goodwill
508
533
6.5
-4.7%
Intangible assets
347
466
159
-25.5%
Investments
838
917
1,602
-8.6%
Cash and equivalents
732
614
142
+19.1%
Receivables
211
213
42.2
-0.7%
Inventory
84.3
68.7
30.4
+22.8%
Other assets
1,267
1,278
597
-0.8%
Total assets
6,600
6,544
3,842
+0.9%
10-K for the year ended 31 December 2012, filed 20 February 2013: the filing.