EchoStar (ECHO) FY2015 results: revenue $1.8 billion, down 46.3% on the year
EchoStar Corp. (ECHO) reported revenue of $1.8 billion for fiscal 2015, the year ended 31 December 2015, down 46.3% on the year before. Net income was $153 million, up 0.3%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.8 billion
-46.3% on the year
FY2008FY2015
Operating margin
14.8%
9.5% a year earlier
FY2008FY2015
Net income
$153 million
+0.3% on the year
FY2008FY2015
Diluted EPS
$1.75
-1.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,849
3,446
3,282
-46.3%
Cost of revenue
770
2,128
2,207
-63.8%
Gross profit
1,079
1,318
1,076
-18.1%
Gross margin
58.4%
38.2%
32.8%
Research and development
26.4
60.9
67.9
-56.7%
Selling, general and administrative
318
372
358
-14.5%
Operating income
274
328
104
-16.6%
Operating margin
14.8%
9.5%
3.2%
Interest expense
122
171
193
-28.8%
Pre-tax income
139
178
-34.0
-21.9%
Income tax
51.2
30.8
-37.4
+66.4%
Effective tax rate
36.8%
17.3%
n/a
Net income
153
153
2.5
+0.3%
Net margin
8.3%
4.4%
0.1%
Diluted EPS
$1.75
$1.78
$0.03
-1.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
776
840
451
-7.6%
Capital expenditure
809
680
392
+19.0%
Free cash flow
-32.8
160
58.6
Free cash flow margin
-1.8%
4.6%
1.8%
Cash from investing
-275
n/a
n/a
Cash from financing
-120
n/a
n/a
Depreciation and amortisation
461
557
507
-17.2%
Share-based compensation
21.8
14.7
18.4
+48.7%
Diluted shares, weighted
93m
93m
91m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,695
3,533
3,217
+4.6%
Non-controlling interest
86.2
90.5
8.9
-4.8%
Debt
1,860
2,368
2,422
-21.5%
Other liabilities
1,568
1,263
1,053
+24.2%
Total liabilities and equity
7,209
7,254
6,702
-0.6%
Fixed assets
3,413
3,195
2,546
+6.8%
Goodwill
511
511
504
0.0%
Intangible assets
133
196
262
-32.2%
Investments
612
1,139
961
-46.2%
Cash and equivalents
924
549
634
+68.3%
Receivables
179
163
159
+9.8%
Inventory
67.0
63.0
66.1
+6.4%
Other assets
1,370
1,439
1,569
-4.7%
Total assets
7,209
7,254
6,702
-0.6%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.