EchoStar (ECHO) FY2013 results: revenue $3.3 billion, up 5.1% on the year
EchoStar Corp. (ECHO) reported revenue of $3.3 billion for fiscal 2013, the year ended 31 December 2013, up 5.1% on the year before. Net income was $3 million, down 98.8%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$3.3 billion
+5.1% on the year
FY2008FY2013
Operating margin
3.2%
3.2% a year earlier
FY2008FY2013
Net income
$3 million
-98.8% on the year
FY2008FY2013
Diluted EPS
$0.03
-98.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
3,282
3,122
2,761
+5.1%
Cost of revenue
2,207
2,089
1,907
+5.6%
Gross profit
1,076
1,032
854
+4.2%
Gross margin
32.8%
33.1%
30.9%
Research and development
67.9
69.6
51.0
-2.5%
Selling, general and administrative
358
373
289
-3.8%
Operating income
104
99.9
80.8
+3.7%
Operating margin
3.2%
3.2%
2.9%
Interest expense
193
153
82.6
+25.8%
Pre-tax income
-34.0
195
25.8
Income tax
-37.4
-16.3
21.5
Effective tax rate
n/a
-8.4%
83.4%
Net income
2.5
211
3.6
-98.8%
Net margin
0.1%
6.8%
0.1%
Diluted EPS
$0.03
$2.40
$0.04
-98.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
451
505
447
-10.8%
Capital expenditure
392
513
377
-23.6%
Free cash flow
58.6
-7.9
69.8
Free cash flow margin
1.8%
-0.3%
2.5%
Depreciation and amortisation
507
457
386
+10.9%
Share-based compensation
18.4
14.6
16.1
+25.8%
Diluted shares, weighted
91m
88m
87m
+3.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,217
3,141
3,043
+2.4%
Non-controlling interest
8.9
9.3
9.1
-5.1%
Debt
2,422
2,488
2,529
-2.7%
Other liabilities
1,053
962
963
+9.6%
Total liabilities and equity
6,702
6,600
6,544
+1.5%
Fixed assets
2,546
2,612
2,454
-2.5%
Goodwill
504
508
533
-0.7%
Intangible assets
262
347
466
-24.6%
Investments
961
838
917
+14.6%
Cash and equivalents
634
732
614
-13.3%
Receivables
159
211
213
-24.6%
Inventory
66.1
84.3
68.7
-21.7%
Other assets
1,569
1,267
1,278
+23.8%
Total assets
6,702
6,600
6,544
+1.5%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.