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

Three Months Ending June 30, 2016 Financial Highlights:

  • Consolidated revenues of $758 million.
  • Consolidated net income of $56 million.
  • Consolidated net income attributable to EchoStar common stock of $56 million and diluted earnings per share of $0.60.
  • Consolidated EBITDA of $221 million (see reconciliation of this non-GAAP measure below).
  • Approximately 1,030,000 Hughes consumer broadband subscribers as of June 30, 2016.

Six Months Ended June 30, 2016 Financial Highlights:

  • Consolidated revenue of $1.57 billion.
  • Consolidated net income of $104 million.
  • Consolidated net income attributable to EchoStar common stock of $107 million and diluted earnings per share of $1.14.
  • Consolidated EBITDA of $443 million (see reconciliation of this non-GAAP measure below).
  • Strong liquidity with cash, cash equivalents and current marketable investment securities of $1.51 billion as of June 30, 2016.