On March 1, EchoStar Communications (NASDAQ:DISH) released fourth-quarter earnings for the period ended Dec. 31.
- Net profit grew by 15.1%, thanks to increases in subscriber counts and revenue per subscriber.
- EchoStar increased its net number of DISH Network subscribers 8.8% year over year, to 13.1 million.
- From 2005 to 2006, average monthly revenue per subscriber increased 7.6% to $62.47, while average subscriber acquisition costs inched downward 1% to $686. Lovely combo.
- Both analysts and Motley Fool CAPS players peg DISH as an outperform by a 2-to-1 margin.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$2,577.6 |
$2,199.5 |
17.2% |
|
Net Profit |
$152.6 |
$132.6 |
15.1% |
|
EPS |
$0.35 |
$0.28 |
25.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Operating Margin |
12.1% |
11.5% |
0.6 |
|
Net Margin |
5.9% |
6.0% |
(0.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3,032.6 |
$1,181.4 |
156.7% |
|
Accounts Rec. |
$665.1 |
$478.4 |
39.0% |
|
Inventory |
$237.5 |
$221.3 |
7.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$283.5 |
$239.8 |
18.2% |
|
Long-Term Debt |
$6,396.6 |
$6,126.8 |
4.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$2,279.2 |
$1,774.1 |
28.5% |
|
Capital Expenditures |
$1,396.3 |
$1,506.4 |
(7.3%) |
|
Free Cash Flow |
$882.9 |
$267.7 |
229.8% |
Find out why Fools always follow the money.
Related Foolishness:
- A Tale of Two Dishes: DirecTV vs. EchoStar
- Can Cable Keep Rolling?
- Echostar's Costly Customers: Fool by Numbers
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