DISH Network announces Earnings

Scott Greczkowski

Scott Greczkowski

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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

cmcnabb

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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.
 
L

Laddyboy

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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.
 
DodgerKing

DodgerKing

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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
 
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KAB

KAB

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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

nelson61

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

Curtis0620

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Sep 8, 2003
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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

$710 million has D* cash flow.
 
Scott Greczkowski

Scott Greczkowski

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I think this explains why there is no ESPN-U HD.

ESPN
During 2008, we filed a lawsuit against ESPN, Inc., ESPN Classic, Inc., ABC Cable Networks Group, Soapnet L.L.C., and International Family Entertainment (collectively, “ESPN”) for breach of contract in New York State Supreme Court. Our complaint alleges that ESPN failed to provide us with certain high-definition feeds of the Disney Channel, ESPN News, Toon, and ABC Family. ESPN asserted a counterclaim, and then filed a motion for summary judgment, alleging that we owed approximately $35 million under the applicable affiliation agreements. We brought a motion to amend our complaint to assert that ESPN was in breach of certain most-favored-nation provisions under the applicable affiliation agreements. On April 15, 2009, the trial court granted our motion to 33 amend the complaint, and granted, in part, ESPN’s motion on the counterclaim, finding that we are liable for some of the amount alleged to be owing but that the actual amount owing is disputed and will have to be determined at a later date. We will appeal the partial grant of ESPN’s motion. Since the partial grant of ESPN’s motion, ESPN has sought an additional $30 million under the applicable affiliation agreements. We intend to vigorously prosecute and defend this case. We cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages.​
 
R

rocatman

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Nov 28, 2003
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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.

It also appears that the E-15 satellite is a CONUS only. I would assume E-16 will be a large spotbeam satellite. Besides for the failures on E-12, I don't think Dish likes the number of uplink locations needed to provide spotbeams on the E-12 satellite. This also further solidifies the speculation that the QuetzSat-1 satellite will have a large number of spotbeams for the EA.
 
D

ds1234

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Aug 10, 2009
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Impressive subscriber growth for DISH. I think "Why would you ever pay more for TV?" ad campaign is working good for DISH.
 
HDRoberts

HDRoberts

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It also appears that the E-15 satellite is a CONUS only. I would assume E-16 will be a large spotbeam satellite. Besides for the failures on E-12, I don't think Dish likes the number of uplink locations needed to provide spotbeams on the E-12 satellite. This also further solidifies the speculation that the QuetzSat-1 satellite will have a large number of spotbeams for the EA.
Guess that mean those of us in EA DMAs will have to wait even longer to get our local CWs, MNTVs and PBSs.
 
DodgerKing

DodgerKing

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

D* 4th qtr Revenue is $6.0 billion.
Thanks. I quickly looked at the numbers while I was getting ready for work. I must have looked at the wrong number. It is too late for me to go back and edit my post.

Can a MOD can change the $710 million to $6,000 million?
 
M

Mr Tony

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Thanks. I quickly looked at the numbers while I was getting ready for work. I must have looked at the wrong number. It is too late for me to go back and edit my post.

Can a MOD can change the $710 million to $6,000 million?

fixed :)
 
TheForce

TheForce

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I posted another thread earlier today with duplicated info. Can someone delete that one or just combine the post to this one?

I just checked and Dish's stock has jumped 7.6% today after releasing this news. S&P has raised it's rating on Dish Network from a strong sell to a Hold rating after it's financial release. Since people like to compare DTV with DISH in this thread, DTV's stock has increased as well but only .89% S&P maintains a Hold opinion on DTV stock. Per S&P the two companies are now rated about equal as far as investors are concerned. Personally, I watch DTV for a possible take over or sell out and with Dish, the ever present legal battles. As far as the service is concerned, both seem to be doing rather well, increasing their numbers.
 

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