EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Financial Highlights:
– Consolidated revenues of $791 million.
– Consolidated EBITDA of $223 million.
– Consolidated net income attributable to EchoStar common stock of $66.3 million and diluted earnings per share of $0.71.
– Hughes net subscriber additions of approximately 9,000. Approximately 1,035,000 subscribers as of December 31, 2015.
– Record enterprise contract awards of $479 million at Hughes.
Full Year Ended December 31, 2015 Financial Highlights:
– Consolidated revenue of $3.1 billion.
– Consolidated EBITDA of $865 million.
– Consolidated net income attributable to EchoStar common stock of $163.7 million and diluted earnings per share of $1.75.
– Strong liquidity with cash, cash equivalents and current marketable investment securities of $1.54 billion as of December 31, 2015.
Set forth below is a table highlighting certain of EchoStar’s segment results for the three and twelve months ended December 31, 2015 and 2014:
