Document
false--12-31Q22019000141540422937188140000001P1YP1YP5YP1YP1YP5YP4YP3YP5YP180DP365D3000000100000060000007500000600000030000000.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.00140000000008000000001600000000800000000800000000400000000080000000016000000008000000008000000000541425664768703900561896724768703900476576454768703900497047514768703900.0650.076250.05250.0650.066252000000P1YP1YP15YP10YP10YP5YP1YP5YP10Y32000000210000001100000030000002100000048000000150000000.0010.00120000000200000000000P4YP12YP15YP15YP40YP2YP1YP2YP10YP1Y0001000000100000060000000200000012000000100000000P1Y00
0001415404
2019-01-01
2019-06-30
0001415404
us-gaap:CommonClassAMember
2019-08-01
0001415404
us-gaap:CommonClassBMember
2019-08-01
0001415404
2018-12-31
0001415404
2019-06-30
0001415404
sats:CommonClassDMember
2018-12-31
0001415404
us-gaap:CommonClassCMember
2018-12-31
0001415404
us-gaap:CommonClassBMember
2018-12-31
0001415404
us-gaap:CommonClassAMember
2018-12-31
0001415404
us-gaap:CommonClassCMember
2019-06-30
0001415404
us-gaap:CommonClassBMember
2019-06-30
0001415404
us-gaap:CommonClassAMember
2019-06-30
0001415404
sats:CommonClassDMember
2019-06-30
0001415404
us-gaap:PreferredStockMember
2018-12-31
0001415404
us-gaap:PreferredStockMember
2019-06-30
0001415404
2018-04-01
2018-06-30
0001415404
2018-01-01
2018-06-30
0001415404
us-gaap:ProductMember
2018-04-01
2018-06-30
0001415404
2019-04-01
2019-06-30
0001415404
sats:ServicesAndOtherRevenueMember
2019-04-01
2019-06-30
0001415404
sats:ServicesAndOtherRevenueMember
2019-01-01
2019-06-30
0001415404
us-gaap:ProductMember
2019-04-01
2019-06-30
0001415404
sats:ServicesAndOtherRevenueMember
2018-04-01
2018-06-30
0001415404
sats:ServicesAndOtherRevenueMember
2018-01-01
2018-06-30
0001415404
us-gaap:ProductMember
2019-01-01
2019-06-30
0001415404
sats:ServicesAndOtherRevenueMember
sats:DISHNetworkMember
2018-01-01
2018-06-30
0001415404
us-gaap:ProductMember
2018-01-01
2018-06-30
0001415404
sats:ServicesAndOtherRevenueMember
sats:DISHNetworkMember
2018-04-01
2018-06-30
0001415404
sats:ServicesAndOtherRevenueMember
sats:DISHNetworkMember
2019-01-01
2019-06-30
0001415404
sats:ServicesAndOtherRevenueMember
sats:DISHNetworkMember
2019-04-01
2019-06-30
0001415404
us-gaap:CommonStockMember
2019-03-31
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2019-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-04-01
2018-06-30
0001415404
us-gaap:RetainedEarningsMember
2019-03-31
0001415404
us-gaap:CommonStockMember
2018-06-30
0001415404
us-gaap:TreasuryStockMember
2018-03-31
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-06-30
0001415404
us-gaap:CommonStockMember
2019-04-01
2019-06-30
0001415404
us-gaap:RetainedEarningsMember
2019-06-30
0001415404
us-gaap:TreasuryStockMember
2019-03-31
0001415404
us-gaap:NoncontrollingInterestMember
2018-06-30
0001415404
2019-03-31
0001415404
us-gaap:NoncontrollingInterestMember
2019-06-30
0001415404
2018-03-31
0001415404
us-gaap:RetainedEarningsMember
2018-04-01
2018-06-30
0001415404
us-gaap:NoncontrollingInterestMember
2018-03-31
0001415404
us-gaap:AdditionalPaidInCapitalMember
2019-04-01
2019-06-30
0001415404
us-gaap:CommonStockMember
2019-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-03-31
0001415404
2018-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2019-03-31
0001415404
us-gaap:NoncontrollingInterestMember
2019-03-31
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-04-01
2018-06-30
0001415404
us-gaap:NoncontrollingInterestMember
2019-04-01
2019-06-30
0001415404
us-gaap:NoncontrollingInterestMember
2018-04-01
2018-06-30
0001415404
us-gaap:CommonStockMember
2018-03-31
0001415404
us-gaap:TreasuryStockMember
2019-06-30
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-04-01
2019-06-30
0001415404
us-gaap:TreasuryStockMember
2018-06-30
0001415404
us-gaap:RetainedEarningsMember
2018-03-31
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-03-31
0001415404
us-gaap:RetainedEarningsMember
2018-06-30
0001415404
us-gaap:RetainedEarningsMember
2019-04-01
2019-06-30
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-31
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-06-30
0001415404
us-gaap:TreasuryStockMember
2018-01-01
0001415404
us-gaap:NoncontrollingInterestMember
2017-12-31
0001415404
us-gaap:RetainedEarningsMember
2019-01-01
2019-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2019-01-01
2019-06-30
0001415404
us-gaap:CommonStockMember
2017-12-31
0001415404
us-gaap:AdditionalPaidInCapitalMember
2017-12-31
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
0001415404
us-gaap:RetainedEarningsMember
2018-12-31
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
2018-06-30
0001415404
us-gaap:TreasuryStockMember
2017-12-31
0001415404
us-gaap:NoncontrollingInterestMember
2018-01-01
2018-06-30
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-12-31
0001415404
2018-01-01
0001415404
us-gaap:NoncontrollingInterestMember
2018-12-31
0001415404
us-gaap:NoncontrollingInterestMember
2019-01-01
2019-06-30
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-06-30
0001415404
us-gaap:TreasuryStockMember
2018-12-31
0001415404
us-gaap:CommonStockMember
2019-01-01
2019-06-30
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-01-01
2019-06-30
0001415404
us-gaap:RetainedEarningsMember
2018-01-01
2018-06-30
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-12-31
0001415404
us-gaap:NoncontrollingInterestMember
2018-01-01
0001415404
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
0001415404
2017-12-31
0001415404
us-gaap:CommonStockMember
2018-12-31
0001415404
us-gaap:RetainedEarningsMember
2018-01-01
0001415404
us-gaap:CommonStockMember
2018-01-01
0001415404
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-12-31
0001415404
us-gaap:RetainedEarningsMember
2017-12-31
0001415404
sats:DISHNetworkMember
sats:EchoStarTechnologiesBusinessMember
sats:ShareExchangeAgreementMember
2017-12-31
0001415404
sats:DISHNetworkMember
us-gaap:CommonClassAMember
2019-05-31
0001415404
sats:BSSCorp.Member
us-gaap:CommonStockMember
2019-05-31
0001415404
2019-01-01
0001415404
us-gaap:AccountingStandardsUpdate201602Member
2019-01-01
0001415404
us-gaap:MaterialReconcilingItemsMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SalesAndServicesMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:ServicesDesignDevelopmentAndConstructionMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
sats:SalesAndServicesMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:ServicesDesignDevelopmentAndConstructionMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:ServiceMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:LeaseReceivableMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
us-gaap:ServiceMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
2018-04-01
2018-06-30
0001415404
sats:LeaseReceivableMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:EquipmentProductMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SalesAndServicesMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:LeaseReceivableMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:SalesAndServicesMember
2018-01-01
2018-06-30
0001415404
sats:SalesAndServicesMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:EquipmentProductMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:EquipmentProductMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
sats:EquipmentProductMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
us-gaap:ServiceMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:ServiceMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:EquipmentProductMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
sats:ServicesDesignDevelopmentAndConstructionMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
sats:EquipmentProductMember
2018-04-01
2018-06-30
0001415404
sats:ServicesDesignDevelopmentAndConstructionMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:LeaseReceivableMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SalesAndServicesMember
2018-04-01
2018-06-30
0001415404
sats:LeaseReceivableMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SalesAndServicesMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:EquipmentProductMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
sats:LeaseReceivableMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
us-gaap:ServiceMember
2018-04-01
2018-06-30
0001415404
sats:SalesAndServicesMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:ServicesDesignDevelopmentAndConstructionMember
2018-01-01
2018-06-30
0001415404
sats:ServicesDesignDevelopmentAndConstructionMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:ServicesDesignDevelopmentAndConstructionMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:ServicesDesignDevelopmentAndConstructionMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:ServicesDesignDevelopmentAndConstructionMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
us-gaap:ServiceMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SalesAndServicesMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:LeaseReceivableMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:LeaseReceivableMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
us-gaap:ServiceMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
sats:LeaseReceivableMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
us-gaap:ServiceMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
us-gaap:ServiceMember
2019-01-01
2019-06-30
0001415404
sats:EquipmentProductMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EquipmentProductMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SouthAndCentralAmericaMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:AllOtherGeographicSegmentsMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
sats:SouthAndCentralAmericaMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SouthAndCentralAmericaMember
2019-01-01
2019-06-30
0001415404
sats:SouthAndCentralAmericaMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
sats:SouthAndCentralAmericaMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
sats:AllOtherGeographicSegmentsMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SouthAndCentralAmericaMember
2018-01-01
2018-06-30
0001415404
sats:AllOtherGeographicSegmentsMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
sats:AllOtherGeographicSegmentsMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
srt:NorthAmericaMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
srt:NorthAmericaMember
2018-04-01
2018-06-30
0001415404
srt:NorthAmericaMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherGeographicSegmentsMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
srt:NorthAmericaMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherGeographicSegmentsMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
srt:NorthAmericaMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherGeographicSegmentsMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherGeographicSegmentsMember
2019-01-01
2019-06-30
0001415404
srt:NorthAmericaMember
2019-04-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
srt:NorthAmericaMember
2019-01-01
2019-06-30
0001415404
sats:SouthAndCentralAmericaMember
2019-01-01
2019-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:SouthAndCentralAmericaMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:SouthAndCentralAmericaMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
sats:AllOtherGeographicSegmentsMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
srt:NorthAmericaMember
2018-04-01
2018-06-30
0001415404
us-gaap:OperatingSegmentsMember
srt:NorthAmericaMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
2019-07-01
2019-06-30
0001415404
sats:LeaseReceivableMember
2018-12-31
0001415404
us-gaap:TradeAccountsReceivableMember
2018-12-31
0001415404
sats:LeaseReceivableMember
2019-06-30
0001415404
us-gaap:TradeAccountsReceivableMember
2019-06-30
0001415404
sats:AssetsLeasedToOthersRealEstateMember
2019-06-30
0001415404
sats:AssetsLeasedToOthersCustomerPremisesEquipmentMember
2019-06-30
0001415404
us-gaap:AssetsLeasedToOthersMember
2019-06-30
0001415404
sats:AssetsLeasedToOthersSatellitesMember
2019-01-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersRealEstateMember
2019-01-01
2019-06-30
0001415404
us-gaap:AssetsLeasedToOthersMember
2019-04-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersSatellitesMember
2019-06-30
0001415404
us-gaap:AssetsLeasedToOthersMember
2019-01-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersCustomerPremisesEquipmentMember
2019-04-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersSatellitesMember
2019-04-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersCustomerPremisesEquipmentMember
2019-01-01
2019-06-30
0001415404
sats:AssetsLeasedToOthersRealEstateMember
2019-04-01
2019-06-30
0001415404
us-gaap:StockCompensationPlanMember
2019-01-01
2019-06-30
0001415404
us-gaap:StockCompensationPlanMember
2018-01-01
2018-06-30
0001415404
us-gaap:StockCompensationPlanMember
2018-04-01
2018-06-30
0001415404
us-gaap:StockCompensationPlanMember
2019-04-01
2019-06-30
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-01-01
2019-06-30
0001415404
sats:AOCIAttributableToParentOtherMember
2019-01-01
2019-06-30
0001415404
sats:AOCIAttributableToParentOtherMember
2018-01-01
0001415404
sats:AOCIAttributableToParentOtherMember
2018-06-30
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-06-30
0001415404
sats:AOCIAttributableToParentOtherMember
2019-06-30
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2018-01-01
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-01-01
0001415404
sats:AOCIAttributableToParentOtherMember
2018-12-31
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-01-01
2018-06-30
0001415404
sats:AOCIAttributableToParentOtherMember
2018-01-01
2018-06-30
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2019-06-30
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2018-06-30
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-06-30
0001415404
sats:AOCIAttributableToParentOtherMember
2017-12-31
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2017-12-31
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-12-31
0001415404
us-gaap:AccumulatedTranslationAdjustmentMember
2018-12-31
0001415404
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2017-12-31
0001415404
us-gaap:GainLossOnInvestmentsMember1
2019-04-01
2019-06-30
0001415404
us-gaap:GainLossOnInvestmentsMember1
2019-01-01
2019-06-30
0001415404
sats:CorporateBondSecuritiesExcludingFairValueOptionMember
2018-12-31
0001415404
us-gaap:GainLossOnInvestmentsMember1
2018-04-01
2018-06-30
0001415404
us-gaap:GainLossOnInvestmentsMember1
2018-01-01
2018-06-30
0001415404
sats:CorporateBondSecuritiesExcludingFairValueOptionMember
2019-06-30
0001415404
us-gaap:FairValueInputsLevel2Member
us-gaap:OtherDebtSecuritiesMember
2018-12-31
0001415404
us-gaap:FairValueInputsLevel2Member
2019-06-30
0001415404
us-gaap:FairValueInputsLevel2Member
us-gaap:CorporateBondSecuritiesMember
2018-12-31
0001415404
us-gaap:FairValueInputsLevel2Member
2018-12-31
0001415404
us-gaap:FairValueInputsLevel1Member
2018-12-31
0001415404
us-gaap:CorporateBondSecuritiesMember
2019-06-30
0001415404
us-gaap:OtherDebtSecuritiesMember
2019-06-30
0001415404
us-gaap:FairValueInputsLevel1Member
us-gaap:CorporateBondSecuritiesMember
2018-12-31
0001415404
us-gaap:FairValueInputsLevel1Member
us-gaap:OtherDebtSecuritiesMember
2019-06-30
0001415404
us-gaap:FairValueInputsLevel1Member
us-gaap:CorporateBondSecuritiesMember
2019-06-30
0001415404
us-gaap:FairValueInputsLevel1Member
2019-06-30
0001415404
us-gaap:FairValueInputsLevel2Member
us-gaap:CorporateBondSecuritiesMember
2019-06-30
0001415404
us-gaap:OtherDebtSecuritiesMember
2018-12-31
0001415404
us-gaap:FairValueInputsLevel2Member
us-gaap:OtherDebtSecuritiesMember
2019-06-30
0001415404
us-gaap:CorporateBondSecuritiesMember
2018-12-31
0001415404
us-gaap:FairValueInputsLevel1Member
us-gaap:OtherDebtSecuritiesMember
2018-12-31
0001415404
sats:DebtSecuritiesExcludingFairValueOptionMember
2019-06-30
0001415404
sats:DebtSecuritiesExcludingFairValueOptionMember
2018-12-31
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2019-01-01
2019-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2018-04-01
2018-06-30
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2019-04-01
2019-06-30
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2018-01-01
2018-06-30
0001415404
sats:CustomerRentalEquipmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2018-01-01
2018-06-30
0001415404
sats:SatellitesMember
2018-04-01
2018-06-30
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2018-04-01
2018-06-30
0001415404
sats:CustomerRentalEquipmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2019-04-01
2019-06-30
0001415404
sats:CustomerRentalEquipmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2019-01-01
2019-06-30
0001415404
sats:SatellitesMember
2018-01-01
2018-06-30
0001415404
sats:SatellitesMember
2019-01-01
2019-06-30
0001415404
sats:CustomerRentalEquipmentMember
2018-04-01
2018-06-30
0001415404
sats:SatellitesMember
2019-04-01
2019-06-30
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2018-12-31
0001415404
us-gaap:ConstructionInProgressMember
2019-06-30
0001415404
us-gaap:LandMember
2019-06-30
0001415404
us-gaap:ConstructionInProgressMember
2018-12-31
0001415404
us-gaap:LandMember
2018-12-31
0001415404
sats:SatellitesMember
2018-12-31
0001415404
sats:FurnitureFixturesEquipmentAndOtherMember
2019-06-30
0001415404
sats:CustomerRentalEquipmentMember
2019-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2018-12-31
0001415404
sats:SatellitesMember
2019-06-30
0001415404
us-gaap:BuildingAndBuildingImprovementsMember
2019-06-30
0001415404
us-gaap:AssetsHeldUnderCapitalLeasesMember
2018-12-31
0001415404
sats:CustomerRentalEquipmentMember
2018-12-31
0001415404
sats:AssetHeldUnderFinanceLeaseMember
2019-06-30
0001415404
sats:ConstructionInProgressOtherMember
2019-06-30
0001415404
sats:ProgressAmountsForSatelliteConstructionIncludingPrepaymentsUnderCapitalLeasesAndLaunchCostsMember
2019-06-30
0001415404
sats:ProgressAmountsForSatelliteConstructionIncludingPrepaymentsUnderCapitalLeasesAndLaunchCostsMember
2018-12-31
0001415404
sats:ConstructionInProgressOtherMember
2018-12-31
0001415404
sats:SatelliteRelatedEquipmentMember
2018-12-31
0001415404
sats:SatelliteRelatedEquipmentMember
2019-06-30
0001415404
sats:SatellitesOwnedMember
2019-01-01
2019-06-30
0001415404
sats:SatellitesLeasedMember
2019-06-30
0001415404
sats:SatellitesOwnedMember
sats:BSSTransactionMember
2019-01-01
2019-06-30
0001415404
sats:SatellitesLeasedMember
sats:BSSTransactionMember
2019-06-30
0001415404
srt:MinimumMember
us-gaap:AssetsHeldUnderCapitalLeasesMember
2019-01-01
2019-06-30
0001415404
srt:MaximumMember
sats:FurnitureFixturesEquipmentAndOtherMember
2019-01-01
2019-06-30
0001415404
srt:MinimumMember
sats:FurnitureFixturesEquipmentAndOtherMember
2019-01-01
2019-06-30
0001415404
srt:MaximumMember
us-gaap:BuildingAndBuildingImprovementsMember
2019-01-01
2019-06-30
0001415404
srt:MinimumMember
sats:CustomerRentalEquipmentMember
2019-01-01
2019-06-30
0001415404
srt:MaximumMember
us-gaap:AssetsHeldUnderCapitalLeasesMember
2019-01-01
2019-06-30
0001415404
srt:MinimumMember
sats:SatellitesMember
2019-01-01
2019-06-30
0001415404
srt:MinimumMember
us-gaap:BuildingAndBuildingImprovementsMember
2019-01-01
2019-06-30
0001415404
srt:MaximumMember
sats:SatellitesMember
2019-01-01
2019-06-30
0001415404
srt:MaximumMember
sats:CustomerRentalEquipmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:OtherIntangibleAssetsMember
2018-12-31
0001415404
us-gaap:OtherIntangibleAssetsMember
2019-06-30
0001415404
sats:SeniorSecuredNotes6.50PercentDue2019Member
2019-01-01
2019-06-30
0001415404
sats:SeniorSecuredNotes6.50PercentDue2019Member
2019-04-01
2019-06-30
0001415404
sats:SeniorSecuredNotes5.250PercentDue2026Member
2019-06-30
0001415404
sats:SeniorSecuredNotes5.250PercentDue2026Member
2018-12-31
0001415404
sats:UnamortizedDebtIssuanceCostsMember
2019-06-30
0001415404
sats:SeniorUnsecuredNotes6.625PercentDue2026Member
2019-06-30
0001415404
sats:SeniorNotes7.625PercentDue2021Member
2019-06-30
0001415404
sats:SeniorNotes7.625PercentDue2021Member
2018-12-31
0001415404
sats:SeniorSecuredNotes6.50PercentDue2019Member
2019-06-30
0001415404
sats:SeniorUnsecuredNotes6.625PercentDue2026Member
2018-12-31
0001415404
sats:SeniorSecuredNotes6.50PercentDue2019Member
2018-12-31
0001415404
sats:UnamortizedDebtIssuanceCostsMember
2018-12-31
0001415404
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2018-01-01
2018-06-30
0001415404
us-gaap:ResearchAndDevelopmentExpenseMember
2019-04-01
2019-06-30
0001415404
us-gaap:ResearchAndDevelopmentExpenseMember
2018-04-01
2018-06-30
0001415404
us-gaap:ResearchAndDevelopmentExpenseMember
2018-01-01
2018-06-30
0001415404
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-01-01
2019-06-30
0001415404
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-04-01
2019-06-30
0001415404
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2018-04-01
2018-06-30
0001415404
us-gaap:ResearchAndDevelopmentExpenseMember
2019-01-01
2019-06-30
0001415404
sats:SatelliteRelatedObligationMember
2019-06-30
0001415404
sats:SatelliteRelatedObligationMember
2018-12-31
0001415404
sats:HughesNetworkSystemsMember
sats:EchoStarCorporationMember
sats:RealtimeDataLLCMember
2017-02-14
2017-02-14
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
2017-08-07
2017-08-07
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
2018-03-30
2018-03-30
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
2019-06-30
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
sats:PreandPostJudgmentInterestCostsMember
2019-06-30
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
sats:JuryVerdictMember
2019-06-30
0001415404
sats:RealtimeDataLLCMember
sats:Patent728Member
2018-02-13
2018-02-13
0001415404
sats:HughesNetworkSystemsMember
srt:SubsidiariesMember
sats:ElbitMember
2018-12-31
0001415404
sats:AllOtherSegmentsAndEliminationsMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherSegmentsAndEliminationsMember
2019-04-01
2019-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:AllOtherSegmentsAndEliminationsMember
2019-01-01
2019-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherSegmentsAndEliminationsMember
2018-04-01
2018-06-30
0001415404
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherSegmentsAndEliminationsMember
2018-01-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:HughesBusinessSegmentMember
2018-04-01
2018-06-30
0001415404
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
sats:AllOtherSegmentsAndEliminationsMember
2018-04-01
2018-06-30
0001415404
us-gaap:MaterialReconcilingItemsMember
sats:AllOtherSegmentsAndEliminationsMember
2019-01-01
2019-06-30
0001415404
sats:AllOtherSegmentsAndEliminationsMember
2019-04-01
2019-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:EchoStarSatelliteServicesBusinessMember
2019-01-01
2019-06-30
0001415404
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:EchoStarSatelliteServicesBusinessMember
2018-04-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:EchoStarSatelliteServicesBusinessMember
2019-04-01
2019-06-30
0001415404
sats:AllOtherSegmentsAndEliminationsMember
2018-01-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
sats:HughesBusinessSegmentMember
2018-01-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:AllOtherSegmentsAndEliminationsMember
2018-04-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:AllOtherSegmentsAndEliminationsMember
2019-04-01
2019-06-30
0001415404
sats:HughesBusinessSegmentMember
2019-01-01
2019-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:HughesBusinessSegmentMember
2019-04-01
2019-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:AllOtherSegmentsAndEliminationsMember
2018-01-01
2018-06-30
0001415404
us-gaap:IntersegmentEliminationMember
sats:EchoStarSatelliteServicesBusinessMember
2018-01-01
2018-06-30
0001415404
sats:DISHNetworkMember
sats:CollocationandAntennaSpaceAgreementsMember
2019-01-01
2019-06-30
0001415404
srt:ScenarioForecastMember
sats:DISHNetworkMember
sats:DBSDNorthAmericaAgreementMember
2022-02-01
2022-02-28
0001415404
sats:DISHNetworkMember
sats:TelemetryTrackingAndControlAgreementMember
2019-01-01
2019-06-30
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2016-07-01
2016-07-31
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2012-12-01
2012-12-31
0001415404
sats:DeluxeEchoStarLLCMember
2019-06-30
0001415404
sats:DISHNetworkMember
sats:TerreStarAgreementMember
2019-01-01
2019-06-30
0001415404
sats:BroadbandConnectivitySolutionsMember
2019-04-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:AmendedandRestatedProfessionalServicesAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:SatelliteAndTrackingStockTransactionMember
2014-03-01
2014-03-31
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:CheyenneLeaseAgreementMember
2018-08-31
0001415404
sats:TerreStarSolutionsInc.Member
2019-04-01
2019-06-30
0001415404
sats:DishMexicoMember
2019-04-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:DBSDNorthAmericaAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DeluxeEchoStarLLCMember
2019-04-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:PreferredTrackingStockMember
sats:HughesRetailGroupMember
sats:SatelliteAndTrackingStockTransactionMember
2017-02-01
2017-02-28
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandMasterServicesAgreementMember
2018-04-01
2018-06-30
0001415404
sats:GlobalIPRevenueMember
2019-06-30
0001415404
sats:GlobalIPRevenueMember
2018-04-01
2018-06-30
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:CheyenneLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:DBSDNorthAmericaAgreementMember
2019-02-01
2019-02-28
0001415404
sats:HughesSystiqueCorporationMember
2019-01-01
2019-06-30
0001415404
sats:BroadbandConnectivitySolutionsMember
2019-06-30
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandMasterServicesAgreementMember
2019-04-01
2019-06-30
0001415404
sats:TelesatCanadaMember
sats:Nimiq5Member
sats:SatelliteCapacityLeaseAgreementMember
2009-09-30
0001415404
sats:MaxarTechnologiesInc.Member
2019-01-01
2019-06-30
0001415404
sats:QuetzSat1Member
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2013-02-28
0001415404
sats:GlobalIPRevenueMember
2019-04-01
2019-06-30
0001415404
srt:MaximumMember
sats:DISHNetworkMember
sats:CollocationandAntennaSpaceAgreementsMember
2019-01-01
2019-06-30
0001415404
sats:DishMexicoMember
2019-06-30
0001415404
sats:MaxarTechnologiesInc.Member
2019-04-01
2019-06-30
0001415404
sats:BroadbandConnectivitySolutionsMember
2018-08-01
2018-08-31
0001415404
sats:RelatedPartyTransactionsLessorOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:MeridianLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:AsiaSatMember
2019-04-01
2019-06-30
0001415404
sats:Nimiq5Member
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2009-09-30
0001415404
sats:DeluxeEchoStarLLCMember
2019-01-01
2019-06-30
0001415404
sats:RelatedPartyTransactionsLessorOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:A100InvernessLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandDistributionAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DishMexicoMember
2019-01-01
2019-06-30
0001415404
sats:TerreStarSolutionsInc.Member
2019-06-30
0001415404
sats:DISHNetworkMember
sats:PatentCrossLicenseAgreementsMember
2011-12-01
2011-12-31
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:GilbertLeaseAgreementMember
2018-08-31
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandDistributionAgreementMember
2012-10-01
2012-10-31
0001415404
sats:DISHNetworkMember
sats:EchoStarTechnologiesBusinessMember
sats:ShareExchangeAgreementMember
2017-02-28
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandMasterServicesAgreementMember
2017-03-01
2017-03-31
0001415404
sats:TerreStarSolutionsInc.Member
2018-12-31
0001415404
sats:RelatedPartyTransactionsLessorOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:CheyenneLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:EchoStarAndHughesSatelliteSystemsCorporationMember
sats:DISHNetworkMember
sats:SatelliteAndTrackingStockTransactionMember
2014-03-01
2014-03-31
0001415404
srt:MinimumMember
sats:DISHNetworkMember
sats:CollocationandAntennaSpaceAgreementsMember
2019-01-01
2019-06-30
0001415404
sats:QuetzSat1Member
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2008-11-30
0001415404
sats:SESLatinAmericaMember
sats:QuetzSat1Member
sats:SatelliteCapacityLeaseAgreementMember
2008-11-30
0001415404
sats:TerreStarSolutionsInc.Member
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandMasterServicesAgreementMember
2018-01-01
2018-06-30
0001415404
sats:DISHNetworkMember
sats:HughesBroadbandMasterServicesAgreementMember
2019-01-01
2019-06-30
0001415404
sats:BroadbandConnectivitySolutionsMember
2019-01-01
2019-06-30
0001415404
sats:RelatedPartyTransactionsLessorOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:SantaFeLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:PatentCrossLicenseAgreementsMember
2016-12-01
2016-12-31
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:GilbertLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:DISHNetworkMember
sats:CollocationandAntennaSpaceAgreementsMember
2015-08-01
2015-08-31
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:GilbertLeaseAgreementMember
2019-06-30
0001415404
sats:DISHNetworkMember
sats:HughesEquipmentAndServiceAgreementMember
2019-02-01
2019-02-28
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2009-12-31
0001415404
sats:HughesEquipmentAndServiceAgreementMember
2019-02-01
2019-02-28
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2019-01-01
2019-06-30
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:AmericanForkOccupancyLicenseAgreementMember
2017-08-31
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2017-05-31
0001415404
sats:EchoStarXVIMember
sats:DISHNetworkMember
sats:SatelliteCapacityLeaseAgreementMember
2016-07-31
0001415404
sats:RelatedPartyTransactionsLesseeOperatingLeaseRealEstateMember
sats:DISHNetworkMember
sats:CheyenneLeaseAgreementMember
2019-06-30
0001415404
sats:CielSatelliteHoldingsIncMember
sats:SatelliteCapacityLeaseAgreementMember
2012-05-31
0001415404
sats:DishMexicoMember
2018-04-01
2018-06-30
0001415404
sats:GlobalIPRevenueMember
2018-12-31
0001415404
sats:DishMexicoMember
2018-12-31
0001415404
sats:DeluxeEchoStarLLCMember
2018-04-01
2018-06-30
0001415404
sats:AsiaSatMember
2019-01-01
2019-06-30
0001415404
sats:BroadbandConnectivitySolutionsMember
2018-12-31
0001415404
sats:TerreStarSolutionsInc.Member
2018-01-01
2018-06-30
0001415404
sats:AsiaSatMember
2018-04-01
2018-06-30
0001415404
sats:GlobalIPRevenueMember
2019-01-01
2019-06-30
0001415404
sats:DeluxeEchoStarLLCMember
2018-12-31
0001415404
sats:DishMexicoMember
2018-01-01
2018-06-30
0001415404
sats:AsiaSatMember
2018-01-01
2018-06-30
0001415404
sats:TerreStarSolutionsInc.Member
2018-04-01
2018-06-30
0001415404
sats:DeluxeEchoStarLLCMember
2018-01-01
2018-06-30
0001415404
sats:GlobalIPRevenueMember
2018-01-01
2018-06-30
0001415404
srt:WeightedAverageMember
2019-01-01
2019-06-30
0001415404
sats:ContractAcquisitionCostsMember
2018-12-31
0001415404
sats:ContractAcquisitionCostsMember
2019-01-01
2019-06-30
0001415404
us-gaap:OtherNoncurrentAssetsMember
2019-04-01
2019-06-30
0001415404
us-gaap:OtherNoncurrentAssetsMember
2019-01-01
2019-06-30
0001415404
sats:ContractAcquisitionCostsMember
2019-04-01
2019-06-30
0001415404
sats:ContractAcquisitionCostsMember
2018-01-01
2018-06-30
0001415404
us-gaap:OtherNoncurrentAssetsMember
2018-01-01
2018-06-30
0001415404
us-gaap:OtherNoncurrentAssetsMember
2018-12-31
0001415404
us-gaap:OtherNoncurrentAssetsMember
2019-06-30
0001415404
sats:ContractAcquisitionCostsMember
2018-04-01
2018-06-30
0001415404
sats:ContractAcquisitionCostsMember
2019-06-30
0001415404
sats:ContractFulfillmentCostsMember
2019-06-30
0001415404
us-gaap:CostOfSalesMember
2018-04-01
2018-06-30
0001415404
us-gaap:CostOfSalesMember
2019-01-01
2019-06-30
0001415404
us-gaap:CostOfSalesMember
2018-01-01
2018-06-30
0001415404
us-gaap:CostOfSalesMember
2019-04-01
2019-06-30
0001415404
us-gaap:OtherNoncurrentAssetsMember
2018-04-01
2018-06-30
0001415404
sats:ContractFulfillmentCostsMember
2018-12-31
iso4217:USD
iso4217:USD
xbrli:shares
sats:segment
xbrli:shares
xbrli:pure
sats:term
sats:transponder
sats:claim
sats:patent
utreg:mi
sats:satellite
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
(Mark One)
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2019.
OR
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
Commission File Number: 001-33807
EchoStar Corporation
(Exact name of registrant as specified in its charter)
|
| | | | |
Nevada | | 26-1232727 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| | | | |
100 Inverness Terrace East, | Englewood, | Colorado | | 80112-5308 |
(Address of principal executive offices) | | (Zip Code) |
| | | | |
(303) | 706-4000 | | | Not Applicable |
(Registrant’s telephone number, including area code) | | (Former name, former address and former fiscal year, if changed since last report) |
| | | | |
Securities registered pursuant to Section 12(b) of the Act: | | |
Class A common stock | $0.001 par value | | The NASDAQ Stock Market LLC |
(Title of each class) | | (Name of each exchange on which registered) |
SATS | | |
(Ticker symbol) | | |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
|
| | | | | |
Large accelerated filer | ☒ | Accelerated filer | ☐ | Emerging growth company | ☐ |
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | | |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of August 1, 2019, the registrant’s outstanding common stock consisted of 49,719,391 shares of Class A common stock and 47,687,039 shares of Class B common stock, each $0.001 par value.
TABLE OF CONTENTS
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-Q (“Form 10-Q”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about our estimates, expectations, plans, objectives, strategies, and financial condition, expected impact of regulatory developments and legal proceedings, opportunities in our industries and businesses and other trends and projections for the next fiscal quarter and beyond. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements may also be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “estimate,” “expect,” “predict,” “continue,” “future,” “will,” “would,” “could,” “can,” “may” and similar terms. These forward-looking statements are based on information available to us as of the date of this Form 10-Q and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve potential known and unknown risks, uncertainties and other factors, many of which may be beyond our control and may pose a risk to our operating and financial condition. Accordingly, actual performance, events or results could differ materially from those expressed or implied in the forward-looking statements due to a number of factors including, but not limited to:
| |
• | significant risks related to the construction and operation of our satellites, such as the risk of not being able to timely complete the construction of or material malfunction on one or more of our satellites, risks resulting from potentially missing our regulatory milestones, changes in the space weather environment that could interfere with the operation of our satellites and our general lack of commercial insurance coverage on our satellites; |
| |
• | our ability to implement and/or realize benefits of our domestic and/or international investments, commercial alliances, partnerships, joint ventures, acquisitions, dispositions and other strategic initiatives and transactions including, without limitation, the pending BSS Transaction (as defined herein); |
| |
• | lawsuits relating to the BSS Transaction could result in substantial costs and may delay or prevent the BSS Transaction from being consummated at all or on the terms provided for in the Master Transaction Agreement (as defined herein); |
| |
• | the possibility that the BSS Transaction will not be consummated on the terms or timeline currently contemplated, or at all. We have and will continue to expend time and resources of management and to incur legal, advisory and financial services fees related to the BSS Transaction regardless of whether the BSS Transaction is consummated; |
| |
• | uncertainty regarding the BSS Transaction may cause customers, suppliers or strategic partners to delay or defer decisions concerning us and adversely affect our ability to effectively manage our business; |
| |
• | if the BSS Transaction is not consummated, our reliance on DISH Network Corporation and its subsidiaries (“DISH Network”) for a significant portion of our revenue; |
| |
• | our ability to realize the anticipated benefits of our current satellites and any future satellite we may construct or acquire; |
| |
• | risks related to our foreign operations and other uncertainties associated with doing business internationally, including changes in foreign exchange rates between foreign currencies and the United States dollar, economic instability and political disturbances; |
| |
• | the failure of third-party providers of components, manufacturing, installation services and customer support services to appropriately deliver the contracted goods or services; and |
| |
• | our ability to bring advanced technologies to market to keep pace with our customers and competitors. |
Other factors that could cause or contribute to such differences include, but are not limited to, those discussed under the caption Risk Factors in Part II, Item 1A of this Form 10-Q and in Part I, Item 1A of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) as amended by Amendment No. 1 to Form 10-K on Form 10-K/A filed with the SEC (collectively referred to as our “Form 10-K”), those discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2 of this Form 10-Q and in Part II, Item 7 of our Form 10-K and those discussed in other documents we file with the SEC.
All cautionary statements made herein should be read as being applicable to all forward-looking statements wherever they appear. Investors should consider the risks and uncertainties described herein and should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly
release the results of any revisions that may be made to any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance or achievements. We do not assume responsibility for the accuracy and completeness of any forward-looking statements. We assume no responsibility for updating forward-looking information contained or incorporated by reference herein or in any documents we file with the SEC, except as required by law.
Should one or more of the risks or uncertainties described herein or in any documents we file with the SEC occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.
PART I — FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ECHOSTAR CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share amounts)
|
| | | | | | | | |
| | As of |
| | June 30, 2019 | | December 31, 2018 |
Assets | | (Unaudited) | | (Audited) |
Current assets: | | |
| | |
|
Cash and cash equivalents | | $ | 1,298,005 |
| | $ | 928,306 |
|
Marketable investment securities, at fair value | | 1,203,308 |
| | 2,282,152 |
|
Trade accounts receivable and contract assets, net (Note 3) | | 201,561 |
| | 201,096 |
|
Trade accounts receivable - DISH Network | | 13,943 |
| | 14,200 |
|
Inventory | | 73,345 |
| | 75,379 |
|
Prepaids and deposits | | 65,589 |
| | 61,177 |
|
Other current assets | | 19,857 |
| | 18,539 |
|
Total current assets | | 2,875,608 |
| | 3,580,849 |
|
Noncurrent assets: | | |
| | |
|
Property and equipment, net | | 3,329,794 |
| | 3,414,908 |
|
Operating lease right-of-use assets | | 113,643 |
| | — |
|
Goodwill | | 504,173 |
| | 504,173 |
|
Regulatory authorizations, net | | 493,661 |
| | 495,654 |
|
Other intangible assets, net | | 36,869 |
| | 44,231 |
|
Investments in unconsolidated entities | | 225,582 |
| | 262,473 |
|
Other receivables - DISH Network | | 96,733 |
| | 95,114 |
|
Other noncurrent assets, net | | 274,028 |
| | 263,892 |
|
Total noncurrent assets | | 5,074,483 |
| | 5,080,445 |
|
Total assets | | $ | 7,950,091 |
| | $ | 8,661,294 |
|
Liabilities and Stockholders’ Equity | | |
| | |
|
Current liabilities: | | |
| | |
|
Trade accounts payable | | $ | 105,929 |
| | $ | 121,437 |
|
Trade accounts payable - DISH Network | | 1,113 |
| | 1,698 |
|
Current portion of long-term debt and finance lease obligations | | 42,682 |
| | 959,577 |
|
Contract liabilities | | 106,308 |
| | 72,284 |
|
Accrued interest | | 42,835 |
| | 47,416 |
|
Accrued compensation | | 44,829 |
| | 54,242 |
|
Accrued taxes | | 16,221 |
| | 16,013 |
|
Accrued expenses and other | | 111,745 |
| | 72,470 |
|
Total current liabilities | | 471,662 |
| | 1,345,137 |
|
Noncurrent liabilities: | | |
| | |
|
Long-term debt and finance lease obligations, net | | 2,553,352 |
| | 2,573,204 |
|
Deferred tax liabilities, net | | 472,872 |
| | 465,933 |
|
Operating lease liabilities | | 94,979 |
| | — |
|
Other noncurrent liabilities | | 114,275 |
| | 121,546 |
|
Total noncurrent liabilities | | 3,235,478 |
| | 3,160,683 |
|
Total liabilities | | 3,707,140 |
| | 4,505,820 |
|
Commitments and contingencies (Note 15) | |
|
| |
|
|
Stockholders’ equity: | | |
| | |
|
Preferred stock, $0.001 par value, 20,000,000 shares authorized, none issued and outstanding at each of June 30, 2019 and December 31, 2018 | | — |
| | — |
|
Common stock, $0.001 par value, 4,000,000,000 shares authorized: | | |
| | |
|
Class A common stock, $0.001 par value, 1,600,000,000 shares authorized, 56,189,672 shares issued and 49,704,751 shares outstanding at June 30, 2019 and 54,142,566 shares issued and 47,657,645 shares outstanding at December 31, 2018 | | 56 |
| | 54 |
|
Class B convertible common stock, $0.001 par value, 800,000,000 shares authorized, 47,687,039 shares issued and outstanding at each of June 30, 2019 and December 31, 2018 | | 48 |
| | 48 |
|
Class C convertible common stock, $0.001 par value, 800,000,000 shares authorized, none issued and outstanding at each of June 30, 2019 and December 31, 2018 | | — |
| | — |
|
Class D common stock, $0.001 par value, 800,000,000 shares authorized, none issued and outstanding at each of June 30, 2019 and December 31, 2018 | | — |
| | — |
|
Additional paid-in capital | | 3,777,499 |
| | 3,702,522 |
|
Accumulated other comprehensive loss | | (119,500 | ) | | (125,100 | ) |
Accumulated earnings | | 704,236 |
| | 694,129 |
|
Treasury stock, at cost | | (131,454 | ) | | (131,454 | ) |
Total EchoStar Corporation stockholders’ equity | | 4,230,885 |
| | 4,140,199 |
|
Noncontrolling interests | | 12,066 |
| | 15,275 |
|
Total stockholders’ equity | | 4,242,951 |
| | 4,155,474 |
|
Total liabilities and stockholders’ equity | | $ | 7,950,091 |
| | $ | 8,661,294 |
|
The accompanying notes are an integral part of these condensed consolidated financial statements.
ECHOSTAR CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
(Unaudited)
|
| | | | | | | | | | | | | | | | |
| | For the three months ended June 30, | | For the six months ended June 30, |
| | 2019 | | 2018 | | 2019 | | 2018 |
Revenue: | | | | | | |
| | |
|
Services and other revenue - DISH Network | | $ | 85,057 |
| | $ | 100,171 |
| | $ | 170,945 |
| | $ | 203,976 |
|
Services and other revenue - other | | 394,422 |
| | 375,445 |
| | 787,902 |
| | 730,485 |
|
Equipment revenue | | 57,645 |
| | 50,341 |
| | 109,359 |
| | 93,288 |
|
Total revenue | | 537,124 |
| | 525,957 |
| | 1,068,206 |
| | 1,027,749 |
|
| | | | | | | | |
Costs and expenses: | | | | | | |
| | |
|
Cost of sales - services and other (exclusive of depreciation and amortization) | | 153,198 |
| | 151,157 |
| | 306,769 |
| | 299,902 |
|
Cost of sales - equipment (exclusive of depreciation and amortization) | | 46,549 |
| | 41,865 |
| | 91,556 |
| | 80,936 |
|
Selling, general and administrative expenses | | 152,629 |
| | 103,074 |
| | 264,763 |
| | 206,349 |
|
Research and development expenses | | 6,388 |
| | 6,647 |
| | 13,276 |
| | 13,784 |
|
Depreciation and amortization | | 155,410 |
| | 148,449 |
| | 309,631 |
| | 294,003 |
|
Total costs and expenses | | 514,174 |
| | 451,192 |
| | 985,995 |
| | 894,974 |
|
Operating income | | 22,950 |
| | 74,765 |
| | 82,211 |
| | 132,775 |
|
| | | | | | | | |
Other income (expense): | | | | | | |
| | |
|
Interest income | | 23,213 |
| | 19,253 |
| | 47,642 |
| | 34,888 |
|
Interest expense, net of amounts capitalized | | (60,163 | ) | | (61,534 | ) | | (120,045 | ) | | (124,285 | ) |
Gains (losses) on investments, net | | 12,856 |
| | 65,396 |
| | 19,791 |
| | 28,733 |
|
Equity in losses of unconsolidated affiliates, net | | (4,754 | ) | | (2,058 | ) | | (11,107 | ) | | (3,067 | ) |
Other, net | | 1,760 |
| | (336 | ) | | 558 |
| | (132 | ) |
Total other income (expense), net | | (27,088 | ) | | 20,721 |
| | (63,161 | ) | | (63,863 | ) |
Income (loss) before income taxes | | (4,138 | ) | | 95,486 |
| | 19,050 |
| | 68,912 |
|
Income tax provision, net | | (922 | ) | | (17,802 | ) | | (9,102 | ) | | (12,399 | ) |
Net income (loss) | | (5,060 | ) | | 77,684 |
| | 9,948 |
| | 56,513 |
|
Less: Net income attributable to noncontrolling interests | | 632 |
| | 462 |
| | 1,438 |
| | 842 |
|
Net income (loss) attributable to EchoStar Corporation common stock | | $ | (5,692 | ) | | $ | 77,222 |
| | $ | 8,510 |
| | $ | 55,671 |
|
| | | | | | | | |
Earnings per share - Class A and B common stock: | | | | | | |
| | |
|
Basic earnings (loss) per share | | $ | (0.06 | ) | | $ | 0.80 |
| | $ | 0.09 |
| | $ | 0.58 |
|
Diluted earnings (loss) per share | | $ | (0.06 | ) | | $ | 0.80 |
| | $ | 0.09 |
| | $ | 0.57 |
|
The accompanying notes are an integral part of these condensed consolidated financial statements.
ECHOSTAR CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Amounts in thousands)
(Unaudited)
|
| | | | | | | | | | | | | | | | |
| | For the three months ended June 30, | | For the six months ended June 30, |
| | 2019 | | 2018 | | 2019 | | 2018 |
Net income (loss) | | $ | (5,060 | ) | | $ | 77,684 |
| | $ | 9,948 |
| | $ | 56,513 |
|
Other comprehensive income (loss), net of tax: | | | | | | |
| | |
|
Foreign currency translation adjustments | | 2,896 |
| | (43,727 | ) | | 3,807 |
| | (35,135 | ) |
Unrealized gains on available-for-sale securities and other | | 1,872 |
| | 547 |
| | 2,359 |
| | 15 |
|
Amounts reclassified to net income (loss): | | | | | | | | |
Realized gains on available-for-sale securities | | (17 | ) | | (3 | ) | | (566 | ) | | (3 | ) |
Total other comprehensive income (loss), net of tax | | 4,751 |
| | (43,183 | ) | | 5,600 |
| | (35,123 | ) |
Comprehensive income (loss) | | (309 | ) | | 34,501 |
| | 15,548 |
| | 21,390 |
|
Less: Comprehensive income (loss) attributable to noncontrolling interests | | 632 |
| | (123 | ) | | 1,438 |
| | 43 |
|
Comprehensive income (loss) attributable to EchoStar Corporation | | $ | (941 | ) | | $ | 34,624 |
| | $ | 14,110 |
| | $ | 21,347 |
|
The accompanying notes are an integral part of these condensed consolidated financial statements.
ECHOSTAR CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE THREE MONTHS ENDED JUNE 30, 2019 AND 2018
(Amounts in thousands)
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Class A and B Common Stock | | Additional Paid-In Capital | | Accumulated Other Comprehensive Loss | | Accumulated Earnings | | Treasury Stock | | Noncontrolling Interests | | Total |
Balance, March 31, 2018 | | $ | 102 |
| | $ | 3,685,577 |
| | $ | (111,413 | ) | | $ | 714,423 |
| | $ | (98,162 | ) | | $ | 14,988 |
| | $ | 4,205,515 |
|
Issuances of Class A common stock: | | | | | | | | | | | | | | |
Exercise of stock options | | — |
| | 589 |
| | — |
| | — |
| | — |
| | — |
| | 589 |
|
Employee Stock Purchase Plan | | — |
| | 2,250 |
| | — |
| | — |
| | — |
| | — |
| | 2,250 |
|
Stock-based compensation | | — |
| | 2,345 |
| | — |
| | — |
| | — |
| | — |
| | 2,345 |
|
R&D tax credits utilized by DISH Network | | — |
| | (1,580 | ) | | — |
| | — |
| | — |
| | — |
| | (1,580 | ) |
Other comprehensive loss | | — |
| | — |
| | (42,457 | ) | | — |
| | — |
| | (585 | ) | | (43,042 | ) |
Net income | | — |
| | — |
| | — |
| | 77,222 |
| | — |
| | 462 |
| | 77,684 |
|
Other, net | | — |
| | (1 | ) | | (141 | ) | | 633 |
| | — |
| | — |
| | 491 |
|
Balance, June 30, 2018 | | $ | 102 |
| | $ | 3,689,180 |
| | $ | (154,011 | ) | | $ | 792,278 |
| | $ | (98,162 | ) | | $ | 14,865 |
| | $ | 4,244,252 |
|
| | | | | | | | | | | | | | |
Balance, March 31, 2019 | | $ | 102 |
| | $ | 3,713,777 |
| | $ | (124,251 | ) | | $ | 709,928 |
| | $ | (131,454 | ) | | $ | 11,434 |
| | $ | 4,179,536 |
|
Issuances of Class A common stock: | | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Exercise of stock options | | 2 |
| | 59,455 |
| | — |
| | — |
| | — |
| | — |
| | 59,457 |
|
Employee Stock Purchase Plan | | — |
| | 2,325 |
| | — |
| | — |
| | — |
| | — |
| | 2,325 |
|
Stock-based compensation | | — |
| | 2,205 |
| | — |
| | — |
| | — |
| | — |
| | 2,205 |
|
R&D tax credits utilized by DISH Network | | — |
| | (263 | ) | | — |
| | — |
| | — |
| | — |
| | (263 | ) |
Other comprehensive income | | — |
| | — |
| | 4,751 |
| | — |
| | — |
| | — |
| | 4,751 |
|
Net income (loss) | | — |
| | — |
| | — |
| | (5,692 | ) | | — |
| | 632 |
| | (5,060 | ) |
Balance, June 30, 2019 | | $ | 104 |
| | $ | 3,777,499 |
| | $ | (119,500 | ) | | $ | 704,236 |
| | $ | (131,454 | ) | | $ | 12,066 |
| | $ | 4,242,951 |
|
The accompanying notes are an integral part of these condensed consolidated financial statements.
ECHOSTAR CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2019 AND 2018
(Amounts in thousands)
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Class A and B Common Stock | | Additional Paid-In Capital | | Accumulated Other Comprehensive Loss | | Accumulated Earnings | | Treasury Stock | | Noncontrolling Interests | | Total |
Balance, December 31, 2017 | | $ | 102 |
| | $ | 3,669,461 |
| | $ | (130,154 | ) | | $ | 721,316 |
| | $ | (98,162 | ) | | $ | 14,822 |
| | $ | 4,177,385 |
|
Cumulative effect of accounting changes as of January 1, 2018 | | — |
| | — |
| | 10,467 |
| | 14,658 |
| | — |
| | — |
| | 25,125 |
|
Balance, January 1, 2018 | | 102 |
| | 3,669,461 |
| | (119,687 | ) | | 735,974 |
| | (98,162 | ) | | 14,822 |
| | 4,202,510 |
|
Issuances of Class A common stock: | | | | | | | | | | | | | | |
Exercise of stock options | | — |
| | 4,045 |
| | — |
| | — |
| | — |
| | — |
| | 4,045 |
|
Employee benefits | | — |
| | 7,605 |
| | — |
| | — |
| | — |
| | — |
| | 7,605 |
|
Employee Stock Purchase Plan | | — |
| | 4,886 |
| | — |
| | — |
| | — |
| | — |
| | 4,886 |
|
Stock-based compensation | | — |
| | 5,110 |
| | — |
| | — |
| | — |
| | — |
| | 5,110 |
|
R&D tax credits utilized by DISH Network | | — |
| | (1,798 | ) | | — |
| | — |
| | — |
| | — |
| | (1,798 | ) |
Other comprehensive loss | | — |
| | — |
| | (34,083 | ) | | — |
| | — |
| | (799 | ) | | (34,882 | ) |
Net income | | — |
| | — |
| | — |
| | 55,671 |
| | — |
| | 842 |
| | 56,513 |
|
Other, net | | — |
| | (129 | ) | | (241 | ) | | 633 |
| | — |
| | — |
| | 263 |
|
Balance, June 30, 2018 | | $ | 102 |
| | $ | 3,689,180 |
| | $ | (154,011 | ) | | $ | 792,278 |
| | $ | (98,162 | ) | | $ | 14,865 |
| | $ | 4,244,252 |
|
| | | | | | | | | | | | | | |
Balance, December 31, 2018 | | $ | 102 |
| | $ | 3,702,522 |
| | $ | (125,100 | ) | | $ | 694,129 |
| | $ | (131,454 | ) | | $ | 15,275 |
| | $ | 4,155,474 |
|
Issuances of Class A common stock: | | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Exercise of stock options | | 2 |
| | 61,501 |
| | — |
| | — |
| | — |
| | — |
| | 61,503 |
|
Employee benefits | | — |
| | 6,654 |
| | — |
| | — |
| | — |
| | — |
| | 6,654 |
|
Employee Stock Purchase Plan | | — |
| | 5,074 |
| | — |
| | — |
| | — |
| | — |
| | 5,074 |
|
Stock-based compensation | | — |
| | 4,833 |
| | — |
| | — |
| | — |
| | — |
| | 4,833 |
|
R&D tax credits utilized by DISH Network | | — |
| | (419 | ) | | — |
| | — |
| | — |
| | — |
| | (419 | ) |
Purchase of noncontrolling interest | | — |
| | (2,666 | ) | | — |
| | — |
| | — |
| | (4,647 | ) | | (7,313 | ) |
Other comprehensive income | | — |
| | — |
| | 5,600 |
| | — |
| | — |
| | — |
| | 5,600 |
|
Net income | | — |
| | — |
| | — |
| | 8,510 |
| | — |
| | 1,438 |
| | 9,948 |
|
Other, net | | — |
| | — |
| | — |
| | 1,597 |
| | — |
| | — |
| | 1,597 |