EchoStar (ECHO) FY2021 results: revenue $19.8 billion, up 949.8% on the year
EchoStar Corp. (ECHO) reported revenue of $19.8 billion for fiscal 2021, the year ended 31 December 2021, up 949.8% on the year before. Net income was $2.5 billion, and diluted earnings per share $7.94. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$19.8 billion
+949.8% on the year
FY2014FY2021
Operating margin
17.3%
6.0% a year earlier
FY2014FY2021
Net income
$2.5 billion
FY2014FY2021
Diluted EPS
$7.94
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,655
534
656
+771.2%
Capital expenditure
1,619
409
419
+296.1%
Free cash flow
3,036
126
238
+2,317.4%
Free cash flow margin
15.3%
6.7%
12.6%
Cash from investing
-4,247
-1,142
822
Cash from financing
3,515
-15.6
-885
Depreciation and amortisation
1,214
238
491
+410.1%
Share-based compensation
59.4
8.9
9.4
+568.2%
Buybacks
261
43.5
0.0
+501.6%
Diluted shares, weighted
313m
98m
97m
+219.8%
Shares outstanding at period end
n/a
n/a
48m
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,354
3,542
3,670
-5.3%
Non-controlling interest
60.3
64.9
75.7
-7.2%
Debt
1,496
2,393
2,389
-37.5%
Operating lease liabilities
135
115
96.9
+17.4%
Finance lease liabilities
0.0
0.1
0.6
Other liabilities
1,000
958
922
+4.5%
Total liabilities and equity
6,045
7,073
7,154
-14.5%
Fixed assets
382
449
2,529
-15.0%
Goodwill
736
512
507
+43.9%
Intangible assets
n/a
479
479
Investments
1,010
1,638
941
-38.3%
Cash and equivalents
536
896
1,519
-40.2%
Receivables
182
184
197
-1.0%
Inventory
103
98.0
79.6
+5.2%
Other assets
3,096
2,817
904
+9.9%
Total assets
6,045
7,073
7,154
-14.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.