twice connect
careers

EchoStar Narrows Q4 Loss

2/28/2002 07:43:00 AM Eastern

Littleton, Colo. - Satellite television provider EchoStar significantly narrowed its loss for the fourth quarter, hitting $42.9 million, down from $184.2 million in the year-ago period.

At the same time, the company reported total revenue of $1.2 billion, a 43 percent increase over the $805.4 million recorded in the same three months in 2000.

As a result of increased subscribers and expansion of its DISH Network's Digital Home Plan offerings, EchoStar recorded earnings before interest, taxes, depreciation and amortization (EBITDA) of $171.1 million in the fourth quarter ended Dec. 31. This compares with a negative EBITDA of $42.2 million in the same three months the previous year.

Operating income for the fourth quarter reached $88.1 million, compared with a loss of $113.7 million year over year.

For the 12 months, EchoStar reported total revenue of $4 billion, up from $2.7 billion the previous year. The net loss for the 12 months was reduced to $215.5 million, down from $650.3 million in the same period in 2000.

EBITDA for the 12 months came in at $511.1 million, compared with negative EBITDA of $187.2 million in the year-ago period.

Operating income for the year totaled $212.3 million, up from a loss of $424,1 million in 2000.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National