EchoStar (ECHO) FY2017 results: revenue $1.5 billion, down 15.8% on the year
EchoStar Corp. (ECHO) reported revenue of $1.5 billion for fiscal 2017, the year ended 31 December 2017, down 15.8% on the year before. Net income was $393 million, up 118.2%, and diluted earnings per share $4.07. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$1.5 billion
-15.8% on the year
FY2010FY2017
Operating margin
2.0%
16.4% a year earlier
FY2010FY2017
Net income
$393 million
+118.2% on the year
FY2010FY2017
Diluted EPS
$4.07
+112.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,525
1,810
1,849
-15.8%
Cost of revenue
758
725
770
+4.6%
Gross profit
n/a
1,085
1,079
Gross margin
n/a
59.9%
58.4%
Research and development
31.7
31.2
26.4
+1.8%
Selling, general and administrative
370
325
318
+14.0%
Operating income
30.6
296
274
-89.7%
Operating margin
2.0%
16.4%
14.8%
Interest expense
184
124
122
+49.1%
Pre-tax income
-32.2
217
139
Income tax
-155
80.3
51.2
Effective tax rate
n/a
37.0%
36.8%
Net income
393
180
153
+118.2%
Net margin
25.7%
9.9%
8.3%
Diluted EPS
$4.07
$1.92
$1.75
+112.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
727
803
776
-9.5%
Capital expenditure
583
722
809
-19.3%
Free cash flow
144
81.0
-32.8
+77.4%
Free cash flow margin
9.4%
4.5%
-1.8%
Cash from investing
-868
-632
-275
Cash from financing
0.1
1,476
-120
-100.0%
Depreciation and amortisation
386
433
461
-10.9%
Share-based compensation
10.1
15.2
21.8
-33.7%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
97m
94m
93m
+2.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,163
3,920
3,695
+6.2%
Non-controlling interest
14.8
86.7
86.2
-82.9%
Debt
3,365
3,358
1,860
+0.2%
Other liabilities
1,207
1,644
1,568
-26.5%
Total liabilities and equity
8,750
9,009
7,209
-2.9%
Fixed assets
3,465
3,398
3,413
+2.0%
Goodwill
504
504
511
0.0%
Intangible assets
471
80.7
133
+483.8%
Investments
814
523
612
+55.8%
Cash and equivalents
2,431
2,571
924
-5.4%
Receivables
197
183
179
+7.8%
Inventory
83.6
62.6
67.0
+33.5%
Other assets
783
1,687
1,370
-53.6%
Total assets
8,750
9,009
7,209
-2.9%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.