EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the three and nine months ending September 30, 2016.

Three Months Ending September 30, 2016 Financial Highlights:

  • Consolidated revenues of $742 million.
  • Consolidated net income of $37 million.
  • Consolidated net income attributable to EchoStar common stock of $37 million and diluted earnings per share of $0.39.
  • Consolidated EBITDA of $211 million (see reconciliation of this non-GAAP measure below).
  • Approximately 1,018,000 Hughes consumer broadband subscribers as of September 30, 2016.

Nine Months Ended September 30, 2016 Financial Highlights:

  • Consolidated revenue of $2.32 billion.
  • Consolidated net income of $142 million.
  • Consolidated net income attributable to EchoStar common stock of $143 million and diluted earnings per share of $1.52.
  • Consolidated EBITDA of $654 million (see reconciliation of this non-GAAP measure below).
  • Strong liquidity with cash, cash equivalents and  current marketable investment securities of $3.02 billion as of September 30, 2016

Read the full quarterly financial results.