EchoStar Reports Fourth Quarter And Fiscal Year 2012 Financial Results

EchoStar Corporation reported total revenue of $786 million for the quarter ended Dec. 31, 2012 compared to $834 million for the corresponding period in 2011. Total revenue for the fiscal year ending Dec. 31, 2012 was $3,122 million compared to $2,761 million for the corresponding period in 2011.

EchoStar reported net income attributable to EchoStar shareholders of $26.2 million and diluted earnings per share of $0.28 for the quarter ended Dec. 31, 2012, compared with a net loss attributable to EchoStar shareholders of $12.9 million and diluted loss per share of $0.15 during the corresponding period in 2011. For the fiscal year ending Dec. 31, 2012, net income attributable to EchoStar shareholders was $211.0 million and diluted earnings per share was $2.40 compared to net income of $3.6 million and diluted earnings per share of $0.04 during the corresponding period in 2011.

EchoStar acquired Hughes Communications, Inc. and its subsidiaries ("Hughes Communications") as of June 8, 2011. As a result, the financial results provided above for the fiscal year ended Dec. 31, 2011 include the results of Hughes Communications from June 9, 2011 to Dec. 31, 2011. The results provided above for the fiscal year ended Dec. 31, 2012 include the results of Hughes Communications for the full 12-month period.