The latest filing states the doubt was alleviated.
“Certain of our subsidiaries currently do not have the necessary cash on hand, projected future cash flows or committed financing to fund their obligations over the next twelve months, which raises substantial doubt about certain of our subsidiaries ability to continue as a going concern. As a result of the AT&T Closing and satisfaction of our obligation to pay the FCC, substantial doubt regarding our ability to continue as a going concern does not exist.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2008–FY2025: $574.16M in buybacks.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
We have a significant amount of outstanding indebtedness. As of December 31, 2021, our total indebtedness was $1.5 billion. Our liquidity requirements will continue to be significant, primarily due to our remaining debt service requirements and the design and construction of our new EchoStar XXIV satellite. We may from time to time seek to purchase amounts of our outstanding debt in open market purchases, privately negotiated transactions or otherwise, depending on market conditions, our liquidity needs and other factors. The amounts we may repurchase may be material. In addition, our future capital expenditures are likely to increase if we make acquisitions or additional investments in infrastructure, technologies or joint ventures to support and expand our business, or if we decide to purchase or build additional satellites or other technologies or assets. Other aspects of our business operations may also require additional capital. We also expect to owe U.S. Federal income tax for 2021.
We have a significant amount of outstanding indebtedness. As of December 31, 2020, our total indebtedness was $2.4 billion. Our liquidity requirements will continue to be significant, primarily due to our remaining debt service requirements and the design and construction of our new EchoStar XXIV satellite. Our 7 5/8% Senior Unsecured Notes due 2021 (the “2021 Notes”) with an outstanding principal balance of $900.0 million mature and are due and payable in June 2021. We may from time to time seek to purchase amounts of our outstanding debt in open market purchases, privately negotiated transactions or otherwise, depending on market conditions, our liquidity needs and other factors. The amounts we may repurchase may be material.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
Related accounting measures — not additional borrowing
Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
Current operating lease liabilities
USD 23,198,000
Noncurrent operating lease liabilities
USD 120,325,000
5 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
9 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged. 2 legal exhibits were not safely readable, so covenant coverage is incomplete.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
5.250% Senior Secured Notes due August 1, 2026
Note · Hughes Satellite Systems Corporation
Reference: 5.250% Senior Secured Notes due August 1, 2026
Active
Outstanding
—
Commitment
—
Availability
—
Maturity
Aug 1, 2026
Last reported interest terms:
5.25%
Reported 2022-02-24Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Issuer evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Supporting evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Issuer evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Supporting evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
6.625% Senior Unsecured Notes due August 1, 2026
Note · Hughes Satellite Systems Corporation
Reference: 6.625% Senior Unsecured Notes due August 1, 2026
Active
Outstanding
—
Commitment
—
Availability
—
Maturity
Aug 1, 2026
Last reported interest terms:
6.625%
Reported 2022-02-24Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Issuer evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Supporting evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Issuer evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Supporting evidence: The indentures governing the Hughes Satellite Systems Corporation (“HSSC”) 5.250% Senior Secured Notes due August 1, 2026 and 6.625% Senior Unsecured Notes due August 1, 2026 contain various covenants, subject to certain exceptions, that limit HSSC’s ability and/or certain of its subsidiaries’ ability to, among other things:
Closing Date Incremental Loans
TermLoan · DISH DBS Issuer LLC
Reference: Closing Date Incremental Loans
Active
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Covenant terms for this agreement are not yet verified.
WHEREAS, the Borrower has requested that the Lenders extend credit (i) in the form of Initial Term Loans in an aggregate principal amount of $1,800,000,000 and (ii) in the form of Closing Date Incremental Loans in an aggregate principal amount of $500,000,000;
Issuer evidence: This LOAN AND SECURITY AGREEMENT (as it may be amended, restated, supplemented, or otherwise modified from time to time, this “Agreement”), dated as of September 29, 2024, is entered into by and among DISH DBS Issuer LLC, a Delaware limited liability company (the “Borrower”), each of the financial institutions from time to time party hereto as lenders (individually, each, a “Lender” and, collectively, the “Lenders”) and Alter Domus (US) LLC (“Administrative Agent”), as administrative agent for itself and for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).
Supporting evidence: WHEREAS, the Borrower has requested that the Lenders extend credit (i) in the form of Initial Term Loans in an aggregate principal amount of $1,800,000,000 and (ii) in the form of Closing Date Incremental Loans in an aggregate principal amount of $500,000,000;
Initial Term Loans
TermLoan · DISH DBS Issuer LLC
Reference: Initial Term Loans
Active
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Covenant terms for this agreement are not yet verified.
WHEREAS, the Borrower has requested that the Lenders extend credit (i) in the form of Initial Term Loans in an aggregate principal amount of $1,800,000,000 and (ii) in the form of Closing Date Incremental Loans in an aggregate principal amount of $500,000,000;
Issuer evidence: This LOAN AND SECURITY AGREEMENT (as it may be amended, restated, supplemented, or otherwise modified from time to time, this “Agreement”), dated as of September 29, 2024, is entered into by and among DISH DBS Issuer LLC, a Delaware limited liability company (the “Borrower”), each of the financial institutions from time to time party hereto as lenders (individually, each, a “Lender” and, collectively, the “Lenders”) and Alter Domus (US) LLC (“Administrative Agent”), as administrative agent for itself and for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).
Supporting evidence: WHEREAS, the Borrower has requested that the Lenders extend credit (i) in the form of Initial Term Loans in an aggregate principal amount of $1,800,000,000 and (ii) in the form of Closing Date Incremental Loans in an aggregate principal amount of $500,000,000;
10.750% Senior Secured Notes due 2029
Note · EchoStar Corporation
Reference: 10.750% Senior Secured Notes due 2029
Active
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Last reported interest terms:
10.75%
Reported 2024-09-30Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
WHEREAS, the Issuer intends to issue (a) $5,100,000,000 aggregate principal amount (the “**Maximum Offering Size**”) of 10.750% Senior Secured Notes due 2029 (the “**New Notes**”), of which (i) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2025 Co-Op Noteholders (the “**DNC 2025 Maximum Offering Size**”) and (ii) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2026 Co-Op Noteholders (the “**DNC 2026 Maximum Offering Size**”), in each case, pursuant hereto and the Note Purchase Agreement (as defined below) in an offering registered under the Securities Act to certain purchasers, including the Commitment Parties (the “**New Notes Offering**”), (b) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2025 Commitment Parties as DNC 2025 Premiums pursuant to Section 2(c)(i) hereof and the Note Purchase Agreement, and (c) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2026 Commitment Parties as DNC 2026 Commitment Premiums pursuant to Section 2(c)(ii) hereof and the Note Purchase Agreement.
Issuer evidence: This COMMITMENT AGREEMENT (as amended, amended and restated, modified, or supplemented from time to time in accordance with the terms hereof, this “**Agreement**”), dated as of September 30, 2024, is entered into by and among EchoStar Corporation (the “**Company**” or “**Issuer**”) and each of the other signatories hereto (the “**Commitment Parties**” and, individually, each a “**Commitment Party**”). The Company and each of the Commitment Parties are referred to herein individually as a “**Party**” and collectively as the “**Parties**.”
Supporting evidence: WHEREAS, the Issuer intends to issue (a) $5,100,000,000 aggregate principal amount (the “**Maximum Offering Size**”) of 10.750% Senior Secured Notes due 2029 (the “**New Notes**”), of which (i) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2025 Co-Op Noteholders (the “**DNC 2025 Maximum Offering Size**”) and (ii) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2026 Co-Op Noteholders (the “**DNC 2026 Maximum Offering Size**”), in each case, pursuant hereto and the Note Purchase Agreement (as defined below) in an offering registered under the Securities Act to certain purchasers, including the Commitment Parties (the “**New Notes Offering**”), (b) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2025 Commitment Parties as DNC 2025 Premiums pursuant to Section 2(c)(i) hereof and the Note Purchase Agreement, and (c) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2026 Commitment Parties as DNC 2026 Commitment Premiums pursuant to Section 2(c)(ii) hereof and the Note Purchase Agreement.
Supporting evidence: WHEREAS, the Issuer intends to issue (a) $5,100,000,000 aggregate principal amount (the “**Maximum Offering Size**”) of 10.750% Senior Secured Notes due 2029 (the “**New Notes**”), of which (i) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2025 Co-Op Noteholders (the “**DNC 2025 Maximum Offering Size**”) and (ii) $2,500,000,000 aggregate principal amount shall be allocated to the DNC 2026 Co-Op Noteholders (the “**DNC 2026 Maximum Offering Size**”), in each case, pursuant hereto and the Note Purchase Agreement (as defined below) in an offering registered under the Securities Act to certain purchasers, including the Commitment Parties (the “**New Notes Offering**”), (b) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2025 Commitment Parties as DNC 2025 Premiums pursuant to Section 2(c)(i) hereof and the Note Purchase Agreement, and (c) up to an additional $75,000,000 aggregate principal amount of New Notes issuable to the DNC 2026 Commitment Parties as DNC 2026 Commitment Premiums pursuant to Section 2(c)(ii) hereof and the Note Purchase Agreement.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
2.94×
Peer median 2.41×
EV/EBIT
—
Peer median 11.73×
P/E (TTM)
—
Peer median 11.95×
Peer medians compare against the 11 similar-size Telecom Services companies (of 36 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Pay TV
$9,700,480,000
$10,688,204,000
$11,571,159,000
$12,505,392,000
$12,928,707,000
—
—
—
Retail Wireless
$3,795,675,000
$3,594,197,000
$3,692,372,000
$4,180,018,000
$4,897,205,000
—
—
—
Broadband and Satellite Services
$1,456,052,000
$1,575,788,000
$1,755,559,000
$1,998,093,000
$1,985,720,000
—
—
—
Other Segment
$294,823,000
$156,702,000
$91,928,000
—
—
—
—
—
All Other and Eliminations
—
—
-$95,420,000
—
-$66,843,000
—
—
—
EchoStar Satellite Services Business
—
—
—
—
—
$17,398,000
$16,257,000
$27,231,000
Hughes Business Segment
—
—
—
—
—
$1,860,834,000
$1,852,742,000
$1,716,528,000
Network Deployment 5G
—
—
$91,928,000
—
$73,889,000
—
—
—
Corporate And Other
—
—
—
—
—
—
$18,208,000
$19,460,000
By Geography (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
North America
$14,717,241,000
$15,508,769,000
$16,670,377,000
$18,244,417,000
$19,479,649,000
$1,583,802,000
$1,560,606,000
$1,490,354,000
Other Excluding North America
$287,748,000
$316,747,000
$345,221,000
$389,829,000
$339,029,000
—
—
—
All Other Geographic Segments
—
—
—
—
—
$152,679,000
$199,569,000
$170,268,000
South and Central America
—
—
—
—
—
$151,426,000
$125,906,000
$102,016,000
By Product & Service (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Service
$14,023,730,000
$14,956,126,000
$16,145,763,000
$17,596,265,000
$18,598,313,000
$1,630,146,000
$1,552,924,000
$1,339,924,000
Equipment Sales and Other Revenue
$981,259,000
$869,390,000
$869,835,000
$1,037,981,000
$1,220,365,000
—
—
—
Equipment Product
—
—
—
$119,120,000
—
$110,110,000
$115,159,000
$119,657,000
Product Lease
—
—
—
$8,777,000
—
$6,982,000
$6,005,000
—
Services and Other Revenue
—
—
—
$1,623,931,000
—
$1,682,304,000
$1,619,271,000
—
Services Design Development and Construction
—
—
—
$246,265,000
—
$88,511,000
$145,646,000
$85,753,000
Services Lease
—
—
—
$53,253,000
—
$52,158,000
$66,347,000
$217,304,000
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
