EchoStar Reports Fourth Quarter 2005 Financial Results
ENGLEWOOD, Colo.--(BUSINESS WIRE)--March 15, 2006--EchoStar
Communications Corporation (Nasdaq: DISH) reported total revenue of
$2.18 billion for the quarter ended Dec. 31, 2005, a 12.8 percent
increase compared with $1.93 billion for the corresponding period in
2004.
Net income totaled $133 million for the quarter ended Dec. 31,
2005, compared with $70 million during the corresponding period in
2004. Basic earnings per share were $.30 for the quarter ended Dec.
31, 2005, compared with basic earnings per share of $.15 during the
corresponding period in 2004.
For the year ended Dec. 31, 2005, EchoStar reported total revenue
of $8.43 billion compared with $7.15 billion for the year ended Dec.
31, 2004, an increase of 17.8 percent. EchoStar's net income for the
year ended Dec. 31, 2005, totaled $1.51 billion, compared with $215
million for the year ended Dec. 31, 2004. Net income for the year
ended Dec. 31, 2005, includes a non-recurring, non-cash benefit of
approximately $593 million to recognize the tax benefits of previously
reported tax losses and a $134 million gain related to the settlement
of EchoStar IV satellite insurance and related claims.
DISH Network added approximately 330,000 net new subscribers
during the quarter ended Dec. 31, 2005, giving the company
approximately 12.04 million subscribers as of that date, an increase
of 1.135 million subscribers compared to the number of subscribers as
of Dec. 31, 2004.
Detailed financial data and other information are available today
in EchoStar's Form 10-K for the annual period ended Dec. 31, 2005,
filed with the Securities and Exchange Commission.
About EchoStar Communications
EchoStar Communications Corporation (NASDAQ: DISH) serves more
than 12 million satellite TV customers through its DISH Network(TM),
and is a leading U.S. provider of advanced digital television
services. DISH Network's services include hundreds of video and audio
channels, Interactive TV, HDTV, sports and international programming,
together with professional installation and 24-hour customer service.
EchoStar has been a leader for more than 25 years in satellite TV
equipment sales and support worldwide. EchoStar is included in the
Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar's
Web site at www.echostar.com or call 800-333-DISH (3474).
ENGLEWOOD, Colo.--(BUSINESS WIRE)--March 15, 2006--EchoStar
Communications Corporation (Nasdaq: DISH) reported total revenue of
$2.18 billion for the quarter ended Dec. 31, 2005, a 12.8 percent
increase compared with $1.93 billion for the corresponding period in
2004.
Net income totaled $133 million for the quarter ended Dec. 31,
2005, compared with $70 million during the corresponding period in
2004. Basic earnings per share were $.30 for the quarter ended Dec.
31, 2005, compared with basic earnings per share of $.15 during the
corresponding period in 2004.
For the year ended Dec. 31, 2005, EchoStar reported total revenue
of $8.43 billion compared with $7.15 billion for the year ended Dec.
31, 2004, an increase of 17.8 percent. EchoStar's net income for the
year ended Dec. 31, 2005, totaled $1.51 billion, compared with $215
million for the year ended Dec. 31, 2004. Net income for the year
ended Dec. 31, 2005, includes a non-recurring, non-cash benefit of
approximately $593 million to recognize the tax benefits of previously
reported tax losses and a $134 million gain related to the settlement
of EchoStar IV satellite insurance and related claims.
DISH Network added approximately 330,000 net new subscribers
during the quarter ended Dec. 31, 2005, giving the company
approximately 12.04 million subscribers as of that date, an increase
of 1.135 million subscribers compared to the number of subscribers as
of Dec. 31, 2004.
Detailed financial data and other information are available today
in EchoStar's Form 10-K for the annual period ended Dec. 31, 2005,
filed with the Securities and Exchange Commission.
About EchoStar Communications
EchoStar Communications Corporation (NASDAQ: DISH) serves more
than 12 million satellite TV customers through its DISH Network(TM),
and is a leading U.S. provider of advanced digital television
services. DISH Network's services include hundreds of video and audio
channels, Interactive TV, HDTV, sports and international programming,
together with professional installation and 24-hour customer service.
EchoStar has been a leader for more than 25 years in satellite TV
equipment sales and support worldwide. EchoStar is included in the
Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar's
Web site at www.echostar.com or call 800-333-DISH (3474).
