DISH Network announces Earnings

[Scott Greczkowski]

DISH NETWORK® REPORTS FOURTH QUARTER 2009 FINANCIAL RESULTS

ENGLEWOOD, Colo., March 1, 2010 - DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.96 billion for the quarter ended Dec. 31, 2009, a 1.4 percent increase compared with $2.92 billion for the corresponding period in 2008.

Net income attributable to common shareholders totaled $179 million for the quarter ended Dec. 31, 2009, compared with $217 million during the corresponding period in 2008. Diluted earnings per share were $0.40 for the quarter ended Dec. 31, 2009, compared with $0.48 during the corresponding period in 2008.

For the year ended Dec. 31, 2009, DISH Network reported total revenue of $11.66 billion compared with $11.62 billion for the year ended Dec. 31, 2008, an increase of 0.4 percent. DISH Network’s net income attributable to common shareholders for the year ended Dec. 31, 2009, totaled $636 million, compared with $903 million for the year ended Dec. 31, 2008. Diluted earnings per share were $1.42 for the year ended Dec. 31, 2009, compared with $1.98 during the corresponding period in 2008.

DISH Network gained approximately 249,000 net subscribers during the quarter ended Dec. 31, 2009, giving the company approximately 14.100 million subscribers at year-end. The number of net subscribers gained for the full year ended Dec. 31, 2009 was approximately 422,000.

Detailed financial data and other information are available in DISH Network’s Form 10-K for the annual period ended Dec. 31, 2009, filed today with the Securities and Exchange Commission.

[cmcnabb]

Since this was announced before market open on a monday, I'm assuming Dish thinks the numbers are good, otherwise they would have released it after close on a Friday.

[Laddyboy]

Since this was announced before market open on a monday, I'm assuming Dish thinks the numbers are good, otherwise they would have released it after close on a Friday.

Year to year is down which usually isn't considered good but you have to tear the bottom line apart to see where it came from and why. It really doesn't make a lot of diff when they announce as the market usually isn't surprised. It may be with the down economy that this is good in comparison to others. I don't follow that industry.

[RandallA]

10K/Annual Report


EchoStar Communications Corporation - Annual Report

[DodgerKing]

Net Income Dish: $179 Million
Net Income Direct (excluding merger): $454 million
Net Income Direct (Merger Costs): -$32 million

Total Revenue Dish: $2,190 million
Total Revenue Direct: $6,000 million

Net Sub Additions Dish: 249,000; Annual 422,000
Net Sub Additions Direct: 119,00; Annual 939,000

Total Subs Dish: 14.1 million
Total Subs Direct: 18.1 million

[KAB]

Net Income Dish: $179 Million
Net Income Direct (excluding merger): $454 million
Net Income Direct (Merger Costs): -$32 million

Total Revenue Dish: $2,190 million
Total Revenue Direct: $710 million

Net Sub Additions Dish: 249,000; Annual 422,000
Net Sub Additions Direct: 119,00; Annual 939,000

Total Subs Dish: 14.1 million
Total Subs Direct: 18.1 million

Total annual addition subs for D* include Latin America I believe.

[nelson61]

4th quarter sub growth probably explains Directv suing Dish re: the ad program.

[riffjim4069]

Impressive subscriber adds during the 4th quarter for E*.

[nelson61]

10K/Annual Report


EchoStar Communications Corporation - Annual Report

Interesting.

They have moved up the estimated construction completion date for E15 from late 2010 to mid 2010.

E16 is confirmed as going to 61.5 in 2012.

[Curtis0620]

Total annual addition subs for D* include Latin America I believe.

No they don't. LA was and additional 692,000

D* 4th qtr Revenue is $6.0 billion.