EchoStar (ECHO) FY2014 results: revenue $3.4 billion, up 5.0% on the year
EchoStar Corp. (ECHO) reported revenue of $3.4 billion for fiscal 2014, the year ended 31 December 2014, up 5.0% on the year before. Net income was $153 million, up 5954.4%, and diluted earnings per share $1.78. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$3.4 billion
+5.0% on the year
FY2008FY2014
Operating margin
9.5%
3.2% a year earlier
FY2008FY2014
Net income
$153 million
+5,954.4% on the year
FY2008FY2014
Diluted EPS
$1.78
+5,833.3% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,446
3,282
3,122
+5.0%
Cost of revenue
2,128
2,207
2,089
-3.6%
Gross profit
1,318
1,076
1,032
+22.5%
Gross margin
38.2%
32.8%
33.1%
Research and development
60.9
67.9
69.6
-10.4%
Selling, general and administrative
372
358
373
+3.8%
Operating income
328
104
99.9
+216.7%
Operating margin
9.5%
3.2%
3.2%
Interest expense
171
193
153
-11.0%
Pre-tax income
178
-34.0
195
Income tax
30.8
-37.4
-16.3
Effective tax rate
17.3%
n/a
-8.4%
Net income
153
2.5
211
+5,954.4%
Net margin
4.4%
0.1%
6.8%
Diluted EPS
$1.78
$0.03
$2.40
+5,833.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
840
451
505
+86.5%
Capital expenditure
680
392
513
+73.5%
Free cash flow
160
58.6
-7.9
+173.1%
Free cash flow margin
4.6%
1.8%
-0.3%
Depreciation and amortisation
557
507
457
+9.8%
Share-based compensation
14.7
18.4
14.6
-20.0%
Diluted shares, weighted
93m
91m
88m
+1.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,533
3,217
3,141
+9.8%
Non-controlling interest
90.5
8.9
9.3
+921.0%
Debt
2,368
2,422
2,488
-2.3%
Other liabilities
1,263
1,053
962
+19.9%
Total liabilities and equity
7,254
6,702
6,600
+8.2%
Fixed assets
3,195
2,546
2,612
+25.5%
Goodwill
511
504
508
+1.3%
Intangible assets
196
262
347
-25.3%
Investments
1,139
961
838
+18.5%
Cash and equivalents
549
634
732
-13.4%
Receivables
163
159
211
+2.5%
Inventory
63.0
66.1
84.3
-4.7%
Other assets
1,439
1,569
1,267
-8.3%
Total assets
7,254
6,702
6,600
+8.2%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.