Company Quick10K Filing
Dish DBS
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 0 $-0
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-12 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-03-07 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-03-30 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-30 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-04-25 Quarter: 2016-03-31
10-K 2016-03-25 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-06 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-24 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-13 Quarter: 2013-03-31
10-K 2013-03-06 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-19 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-02 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-13 Quarter: 2010-06-30
10-Q 2010-05-12 Quarter: 2010-05-12
10-K 2010-03-09 Annual: 2010-03-09
8-K 2019-07-02 Officers, Exhibits
DDBS 2019-09-30
Part I - Financial Information
Item 1. Financial Statements
Item 2.Management's Narrative Analysis of Results of Operations
Item 4.Controls and Procedures
Part II - Other Information
Item 1.Legal Proceedings
Item 1A. Risk Factors
Item 1A, "Risk Factors," of Our Annual Report on Form 10-K for The Year Ended December 31, 2018 Include A Detailed Discussion of Our Risk Factors.
Item 6.Exhibits
EX-31.1 ddbs-20190930ex311d50c44.htm
EX-31.2 ddbs-20190930ex312ce1739.htm
EX-32.1 ddbs-20190930ex321e2b3f5.htm
EX-32.2 ddbs-20190930ex322910650.htm

Dish DBS Earnings 2019-09-30

DDBS 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
CNHC 12,949 11,626 877 0 149 771 5,714 0% 7.4 1%
RMES 1 1 0 0 -0 -0 -0 0.5 -13%
TCT 210 12 13 0 11 11 -200 0% -18.3 5%
VDI 1,766 1,288 779 0 465 632 222 0% 0.4 26%
POYE 0 0 0 0 -0 -0 -0 0.0 -1,973%
SCTF 0 0 0 0 -0 -0 -0 3.0 -33%
SEK 302,033 283,794 0 0 0 0 -0 0%
DAVEY 570 398 1,095 98 32 97 161 9% 1.7 6%
SLDV 25 6 2 0 13 19 -1 0% -0.0 53%
MBCC 216 243 112 0 -7 10 215 0% 21.5 -3%

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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 SEPTEMBER 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: 333-31929

DISH DBS Corporation

(Exact name of registrant as specified in its charter)

Colorado

84-1328967

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

9601 South Meridian Boulevard

Englewood, Colorado

80112

(Address of principal executive offices)

(Zip code)

(303) 723-1000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

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.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth 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 November 12, 2019, the registrant’s outstanding common stock consisted of 1,015 shares of common stock, $0.01 par value.

The registrant meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q and is therefore filing this Form 10-Q with the reduced disclosure format.

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TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION

Disclosure Regarding Forward-Looking Statements

i

Item 1.

Financial Statements

Condensed Consolidated Balance Sheets — September 30, 2019 and December 31, 2018 (Unaudited)

1

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Three and Nine Months Ended September 30, 2019 and 2018 (Unaudited)

2

Condensed Consolidated Statements of Changes in Stockholder’s Equity (Deficit) For the Three and Nine Months Ended September 30, 2019 and 2018 (Unaudited)

3

Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2019 and 2018 (Unaudited)

5

Notes to Condensed Consolidated Financial Statements (Unaudited)

6

Item 2.

Management’s Narrative Analysis of Results of Operations

49

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

*

Item 4.

Controls and Procedures

67

PART II — OTHER INFORMATION

Item 1.

Legal Proceedings

68

Item 1A.

Risk Factors

68

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

*

Item 3.

Defaults Upon Senior Securities

*

Item 4.

Mine Safety Disclosures

None

Item 5.

Other Information

None

Item 6.

Exhibits

68

Signatures

69

*

This item has been omitted pursuant to the reduced disclosure format as set forth in General Instruction (H)(2) of Form 10-Q.

Table of Contents

PART I — FINANCIAL INFORMATION

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

Unless otherwise required by the context, in this report, the words “DISH DBS,” the “Company,” “we,” “our” and “us” refer to DISH DBS Corporation and its subsidiaries, “DISH Network” refers to DISH Network Corporation, our parent company, and its subsidiaries, including us, and “EchoStar” refers to EchoStar Corporation and its subsidiaries.

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, in particular, statements about our plans, objectives and strategies, growth opportunities in our industries and businesses, our expectations regarding future results, financial condition, liquidity and capital requirements, our estimates regarding the impact of regulatory developments and legal proceedings, and other trends and projections. Forward-looking statements are not historical facts and may be identified by words such as “future,” “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “estimate,” “expect,” “predict,” “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 Quarterly Report on 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 known and unknown risks, uncertainties and other factors, which may be beyond our control. 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, the following:

Competition and Economic Risks

As the pay-TV industry has matured and bundled offers combining video, broadband and/or wireless services have become more prevalent and competitive, we face intense and increasing competition from providers of video, broadband and/or wireless services, which may require us to further increase subscriber acquisition and retention spending or accept lower subscriber activations and higher subscriber churn.

Changing consumer behavior and competition from digital media companies that provide or facilitate the delivery of video content via the Internet may reduce our subscriber activations and may cause our subscribers to purchase fewer services from us or to cancel our services altogether, resulting in less revenue to us.

Economic weakness and uncertainty may adversely affect our ability to grow or maintain our business.

Our competitors may be able to leverage their relationships with programmers to reduce their programming costs and/or offer exclusive content that will place them at a competitive advantage to us.

Our over-the-top (“OTT”) Sling TV Internet-based services face certain risks, including, among others, significant competition.

If government regulations relating to the Internet change, we may need to alter the manner in which we conduct our Sling TV business, and/or incur greater operating expenses to comply with those regulations.

Changes in how network operators handle and charge for access to data that travels across their networks could adversely impact our business.

We face increasing competition from other distributors of unique programming services such as foreign language, sports programming and original content that may limit our ability to maintain subscribers that desire these unique programming services.

Operational and Service Delivery Risks

If our operational performance and customer satisfaction were to deteriorate, our subscriber activations and our subscriber churn rate may be negatively impacted, which could in turn adversely affect our revenue.

i

Table of Contents

If our subscriber activations decrease, or if our subscriber churn rate, subscriber acquisition costs or retention costs increase, our financial performance will be adversely affected.

Programming expenses are increasing and may adversely affect our future financial condition and results of operations.

We depend on others to provide the programming that we offer to our subscribers and, if we fail to obtain or lose access to certain programming, our subscriber activations and our subscriber churn rate may be negatively impacted.

We may not be able to obtain necessary retransmission consent agreements at acceptable rates, or at all, from local network stations.

We may be required to make substantial additional investments to maintain competitive programming offerings.

Any failure or inadequacy of our information technology infrastructure and communications systems or those of third parties that we use in our operations, including, without limitation, those caused by cyber-attacks or other malicious activities, could disrupt or harm our business.

We currently depend on DISH Network to provide the vast majority of our satellite transponder capacity and other related services to us. Our business would be adversely affected if DISH Network ceases to provide these services to us and we are unable to obtain suitable replacement services from third parties.

Technology in the pay-TV industry changes rapidly, and our success may depend in part on our timely introduction and implementation of, and effective investment in, new competitive products and services and our failure to do so could cause our products and services to become obsolete and could negatively impact our business.

We rely on a single vendor or a limited number of vendors to provide certain key products or services to us such as information technology support, billing systems and security access devices, and the inability of these key vendors to meet our needs could have a material adverse effect on our business.

We rely on a few suppliers and in some cases a single supplier for many components of our new set-top boxes, and any reduction or interruption in supplies or significant increase in the price of supplies could have a negative impact on our business.

Our programming signals are subject to theft, and we are vulnerable to other forms of fraud that could require us to make significant expenditures to remedy.

We depend on independent third parties to solicit orders for our DISH TV services that represent a meaningful percentage of our total gross new DISH TV subscriber activations.

We have limited satellite capacity and failures or reduced capacity could adversely affect our DISH TV services.

Our owned and leased satellites are subject to construction, launch, operational and environmental risks that could limit our ability to utilize these satellites.

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We generally do not carry commercial in-orbit insurance on any of the satellites that we use and could face significant impairment charges if any of our owned satellites fail.

We may have potential conflicts of interest with EchoStar due to our and DISH Network’s common ownership and management.

We rely on key personnel and the loss of their services may negatively affect our business.

Acquisition and Capital Structure Risks

Our parent, DISH Network, has made substantial investments to acquire certain wireless spectrum licenses and other related assets. In addition, DISH Network has made substantial non-controlling investments in the Northstar Entities and the SNR Entities related to AWS-3 wireless spectrum licenses.

Our parent, DISH Network, faces certain risks related to its non-controlling investments in the Northstar Entities and the SNR Entities.

To the extent that our parent, DISH Network, commercializes its wireless spectrum licenses, it will face certain risks entering and competing in the wireless services industry and operating a wireless services business.

We may pursue acquisitions and other strategic transactions to complement or expand our business that may not be successful, and we may lose up to the entire value of our investment in these acquisitions and transactions.

We may need additional capital, which may not be available on acceptable terms or at all, to continue investing in our business and to finance acquisitions and other strategic transactions.

We have substantial debt outstanding and may incur additional debt.

Our parent, DISH Network, is controlled by one principal stockholder who is also our Chairman.

Legal and Regulatory Risks

The rulings in the Telemarketing litigation requiring us to pay up to an aggregate amount of $280 million and imposing certain injunctive relief against us, if upheld, would have a material adverse effect on our cash, cash equivalents and marketable investment securities balances and our business operations.

Our business may be materially affected by the Tax Cuts and Jobs Act of 2017 (the “Tax Reform Act”). Negative or unexpected tax consequences could adversely affect our business, financial condition and results of operations.

Our business depends on certain intellectual property rights and on not infringing the intellectual property rights of others.

We are, and may become, party to various lawsuits which, if adversely decided, could have a significant adverse impact on our business, particularly lawsuits regarding intellectual property.

Our ability to distribute video content via the Internet, including our Sling TV services, involves regulatory risk.

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Changes in the Cable Act of 1992 (“Cable Act”), and/or the rules of the Federal Communications Commission (“FCC”) that implement the Cable Act, may limit our ability to access programming from cable-affiliated programmers at nondiscriminatory rates.

The injunction against our retransmission of distant networks, which is currently waived, may be reinstated.

We are subject to significant regulatory oversight, and changes in applicable regulatory requirements, including any adoption or modification of laws or regulations relating to the Internet, could adversely affect our business.

Our DISH TV services depend on FCC licenses that can expire or be revoked or modified and applications for FCC licenses that may not be granted.

We are subject to digital high-definition (“HD”) “carry-one, carry-all” requirements that cause capacity constraints.

Our business, investor confidence in our financial results and DISH Network’s stock price may be adversely affected if our internal controls are not effective.

We may face other risks described from time to time in periodic and current reports we file with the Securities and Exchange Commission (“SEC”).

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 I, Item 1A of our most recent Annual Report on Form 10-K (the “10-K”) filed with the SEC, those discussed in “Management’s Narrative Analysis of Results of Operations” herein and in the 10-K and those discussed in other documents we file with the SEC. All cautionary statements made or referred to herein should be read as being applicable to all forward-looking statements wherever they appear. Investors should consider the risks and uncertainties described or referred to herein and should not place undue reliance on any forward-looking statements. The forward-looking statements speak only as of the date made, and we expressly disclaim any obligation to update these forward-looking statements.

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Item 1. FINANCIAL STATEMENTS

DISH DBS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except share amounts)

(Unaudited)

As of

    

September 30,

    

December 31,

    

2019

2018

Assets

Current Assets:

Cash and cash equivalents

$

16,537

$

129,498

Marketable investment securities

5

149,740

Trade accounts receivable, net of allowance for doubtful accounts of $23,121 and $16,956, respectively

565,013

623,602

Inventory

314,573

290,697

Other current assets

160,349

234,054

Total current assets

1,056,477

1,427,591

Noncurrent Assets:

Restricted cash, cash equivalents and marketable investment securities

60,851

67,597

Property and equipment, net

1,790,686

1,377,949

FCC authorizations

611,794

637,346

Other investment securities

105,452

108,308

Operating lease assets

594,729

Other noncurrent assets, net

220,174

286,753

Total noncurrent assets

3,383,686

2,477,953

Total assets

$

4,440,163

$

3,905,544

Liabilities and Stockholder's Equity (Deficit)

Current Liabilities:

Trade accounts payable

$

273,717

$

217,268

Advances from affiliates

332,263

Deferred revenue and other

682,329

644,920

Accrued programming

1,412,196

1,474,207

Accrued interest

179,772

222,996

Other accrued expenses

886,131

756,534

Current portion of long-term debt and finance lease obligations

1,149,829

1,338,527

Total current liabilities

4,916,237

4,654,452

Long-Term Obligations, Net of Current Portion:

Long-term debt and finance lease obligations, net of current portion

9,683,430

10,632,960

Deferred tax liabilities

449,483

461,452

Operating lease liabilities

394,973

Long-term deferred revenue and other long-term liabilities

195,545

198,840

Total long-term obligations, net of current portion

10,723,431

11,293,252

Total liabilities

15,639,668

15,947,704

Commitments and Contingencies (Note 9)

Stockholder’s Equity (Deficit):

Common stock, $.01 par value, 1,000,000 shares authorized, 1,015 shares issued and outstanding

Additional paid-in capital

1,427,317

1,152,369

Accumulated other comprehensive income (loss)

(368)

(376)

Accumulated earnings (deficit)

(12,626,454)

(13,194,440)

Total DISH DBS stockholder's equity (deficit)

(11,199,505)

(12,042,447)

Noncontrolling interests

287

Total stockholder’s equity (deficit)

(11,199,505)

(12,042,160)

Total liabilities and stockholder’s equity (deficit)

$

4,440,163

$

3,905,544

The accompanying notes are an integral part of these condensed consolidated financial statements.

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DISH DBS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(In thousands)

(Unaudited)

For the Three Months Ended

For the Nine Months Ended

September 30,

September 30,

    

2019

    

2018

    

2019

    

2018

 

Revenue:

Subscriber-related revenue

$

3,070,913

$

3,288,754

$

9,285,915

$

9,988,705

Equipment sales and other revenue

51,369

45,690

140,966

122,268

Total revenue

3,122,282

3,334,444

9,426,881

10,110,973

Costs and Expenses (exclusive of depreciation shown separately below - Note 6):

Subscriber-related expenses

1,910,839

2,088,244

5,861,714

6,347,849

Satellite and transmission expenses

131,384

152,017

431,264

482,009

Cost of sales - equipment and other

43,358

40,267

133,302

106,273

Subscriber acquisition costs:

Cost of sales - subscriber promotion subsidies

7,692

7,914

17,216

32,952

Other subscriber acquisition costs

136,950

73,614

325,714

219,420

Subscriber acquisition advertising

141,159

105,350

374,848

313,779

Total subscriber acquisition costs

285,801

186,878

717,778

566,151

General and administrative expenses

167,321

161,577

541,828

506,855

Depreciation and amortization (Note 6)

145,081

163,022

435,796

501,774

Total costs and expenses

2,683,784

2,792,005

8,121,682

8,510,911

Operating income (loss)

438,498

542,439

1,305,199

1,600,062

Other Income (Expense):

Interest income

21,453

1,023

29,981

6,314

Interest expense, net of amounts capitalized

(187,784)

(196,039)

(578,286)

(597,911)

Other, net

1,508

25,470

6,072

12,088

Total other income (expense)

(164,823)

(169,546)

(542,233)

(579,509)

Income (loss) before income taxes

273,675

372,893

762,966

1,020,553

Income tax (provision) benefit, net

(68,817)

(90,689)

(195,104)

(246,999)

Net income (loss)

204,858

282,204

567,862

773,554

Less: Net income (loss) attributable to noncontrolling interests, net of tax

932

(124)

2,399

Net income (loss) attributable to DISH DBS

$

204,858

$

281,272

$

567,986

$

771,155

Comprehensive Income (Loss):

Net income (loss)

$

204,858

$

282,204

$

567,862

$

773,554

Other comprehensive income (loss):

Foreign currency translation adjustments

(237)

(1,372)

(52)

(1,629)

Unrealized holding gains (losses) on available-for-sale securities

(173)

18

81

108

Deferred income tax (expense) benefit, net

44

(4)

(21)

(47)

Total other comprehensive income (loss), net of tax

(366)

(1,358)

8

(1,568)

Comprehensive income (loss)

204,492

280,846

567,870

771,986

Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax

932

(124)

2,399

Comprehensive income (loss) attributable to DISH DBS

$

204,492

$

279,914

$

567,994

$

769,587

The accompanying notes are an integral part of these condensed consolidated financial statements.

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DISH DBS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN

STOCKHOLDER’S EQUITY (DEFICIT)

(In thousands)

(Unaudited)

Accumulated

Additional

Other

Accumulated

Common

Paid-In

Comprehensive

Earnings

Noncontrolling

    

Stock

    

Capital

    

Income (Loss)

    

(Deficit)

    

Interests

    

Total

Balance, December 31, 2017

$

$

1,116,848

$

935

$

(14,168,047)

$

3,601

$

(13,046,663)

Non-cash, stock-based compensation

9,041

9,041

Change in unrealized holding gains (losses) on available-for-sale securities, net

25

25

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

(39)

(39)

Foreign currency translation

400

400

ASU 2014-09 cumulative catch-up adjustment

2,320

2,320

Net income (loss) attributable to noncontrolling interests

(384)

(384)

Net income (loss) attributable to DISH DBS

204,192

204,192

Balance, March 31, 2018

$

$

1,125,889

$

1,321

$

(13,961,535)

$

3,217

$

(12,831,108)

Non-cash, stock-based compensation

9,664

9,664

Change in unrealized holding gains (losses) on available-for-sale securities, net

65

65

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

(4)

(4)

Foreign currency translation

(657)

(657)

Net income (loss) attributable to noncontrolling interests

1,851

1,851

Net income (loss) attributable to DISH DBS

285,691

285,691

Other

(192)

(192)

Balance, June 30, 2018

$

$

1,135,553

$

725

$

(13,675,844)

$

4,876

$

(12,534,690)

Non-cash, stock-based compensation

6,043

6,043

Change in unrealized holding gains (losses) on available-for-sale securities, net

18

18

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

(4)

(4)

Foreign currency translation

(1,372)

(1,372)

Net income (loss) attributable to noncontrolling interests

932

932

Net income (loss) attributable to DISH DBS

281,272

281,272

Other

(5,521)

(5,521)

Balance, September 30, 2018

$

$

1,141,596

$

(633)

$

(13,394,572)

$

287

$

(12,253,322)

The accompanying notes are an integral part of these condensed consolidated financial statements.

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DISH DBS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN

STOCKHOLDER’S EQUITY (DEFICIT) - Continued

(In thousands)

(Unaudited)

Accumulated

Additional

Other

Accumulated

Common

Paid-In

Comprehensive

Earnings

Noncontrolling

Stock

    

Capital

    

Income (Loss)

    

(Deficit)

    

Interests

    

Total

Balance, December 31, 2018

$

$

1,152,369

$

(376)

$

(13,194,440)

$

287

$

(12,042,160)

Non-cash, stock-based compensation

11,003

11,003

Change in unrealized holding gains (losses) on available-for-sale securities, net

152

152

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

(38)

(38)

Foreign currency translation

47

47

Net income (loss) attributable to noncontrolling interests

(124)

(124)

Net income (loss) attributable to DISH DBS

177,760

177,760

Balance, March 31, 2019

$

$

1,163,372

$

(215)

$

(13,016,680)

$

163

$

(11,853,360)

Non-cash, stock-based compensation

11,528

11,528

Change in unrealized holding gains (losses) on available-for-sale securities, net

102

102

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

(27)

(27)

Foreign currency translation

138

138

Satellite and Spectrum Transaction, net of deferred taxes of $29,075

267,437

(163)

267,274

Net income (loss) attributable to DISH DBS

185,368

185,368

Balance, June 30, 2019

$

$

1,442,337

$

(2)

$

(12,831,312)

$

$

(11,388,977)

Non-cash, stock-based compensation

(14,214)

(14,214)

Change in unrealized holding gains (losses) on available-for-sale securities, net

(173)

(173)

Deferred income tax (expense) benefit attributable to unrealized gains (losses) on available-for-sale securities

44

44

Foreign currency translation

(237)

(237)

Other

(806)

(806)

Net income (loss) attributable to DISH DBS

204,858

204,858

Balance, September 30, 2019

$

$

1,427,317

$

(368)

$

(12,626,454)

$

$

(11,199,505)