EchoStar Announces Fourth Quarter and Full Year 2016 Results

EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the fourth quarter and full year ended December 31, 2016.Fourth Quarter 2016

Financial Highlights:

• Consolidated revenues of $740 million.
• Consolidated net income of $39 million.
• Consolidated net income attributable to EchoStar common stock of $38 million and diluted earnings per share of $0.40.
• Consolidated EBITDA of $229 million (see reconciliation of this non-GAAP measure below).
• Approximately 1,036,000 Hughes consumer broadband subscribers as of December 31, 2016.

Full Year Ended December 31, 2016 Financial Highlights:

• Consolidated revenue of $3.06 billion.
• Consolidated net income of $181 million.
• Consolidated net income attributable to EchoStar common stock of $182 million and diluted earnings per share of $1.92.
• Consolidated EBITDA of $884 million (see reconciliation of this non-GAAP measure below).
• Strong liquidity with cash, cash equivalents and  current marketable investment securities of $3.09 billion as of December 31, 2016.