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DISH QUARTERLY INVESTER SUMMARY2Q14 CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts)
(Unaudited) 9 2014 2013 2014 2013 Revenue: Subscriber-related revenue
3,645,101 $ 3,452,764 $ 7,201,288 $ 6,800,931 $ Equipment sales and other
revenue 26,279 24,024 48,518 49,247 Equipment sales, services and other
revenue - EchoStar 16,739 8,986 32,511 11,126 Total revenue 3,688,119
3,485,774 7,282,317 6,861,304 Costs and Expenses (exclusive of depreciation
shown separately below): Subscriber-related expenses 2,104,236 1,924,020
4,173,368 3,835,613 Satellite and transmission expenses 180,957 135,896
330,453 259,077 Cost of sales - equipment, services and other 30,165 21,694
57,958 43,494 Subscriber acquisition costs: Cost of sales - subscriber
promotion subsidies 68,310 67,745 131,185 145,232 Other subscriber
acquisition costs 253,823 242,053 506,287 509,535 Subscriber acquisition
advertising 134,329 124,738 268,136 243,669 Total subscriber acquisition
costs 456,462 434,536 905,608 898,436 General and administrative expenses
189,660 202,200 392,773 375,469 Depreciation and amortization 271,895 304,642
521,115 534,812 Impairment of long-lived assets - 437,575 - 437,575 Total
costs and expenses 3,233,375 3,460,563 6,381,275 6,384,476 Operating income
(loss) 454,744 25,211 901,042 476,828 Other Income (Expense): Interest income
18,212 43,795 32,376 80,947 Interest expense, net of amounts capitalized
(152,769) (214,781) (328,763) (376,297) Other, net 8,834 96,698 3,645 108,098
Total other income (expense) (125,723) (74,288) (292,742) (187,252) Income
(loss) before income taxes 329,021 (49,077) 608,300 289,576 Income tax (provision)
benefit, net (121,892) 40,357 (230,354) (86,062) Income (loss) from
continuing operations 207,129 (8,720) 377,946 203,514 Income (loss) from
discontinued operations, net of tax - (6,354) - (7,912) Net income (loss)
207,129 (15,074) 377,946 195,602 Less: Net income (loss) attributable to
noncontrolling interest (6,184) (4,022) (11,298) (8,944) Net income (loss)
attributable to DISH Network 213,313 $ (11,052) $ 389,244 $ 204,546 $ Weighted-average common shares outstanding - Class A and B common stock:
Basic 459,863 455,452 459,147 454,353 Diluted 462,607 455,452 461,941 457,405
Earnings per share - Class A and B common stock: Basic net income (loss) per
share from continuing operations attributable to DISH Network 0.46 $ (0.01) $ 0.85 $ 0.47 $ Basic net income (loss) per share from discontinued operations
- (0.01) - (0.02) Basic net income (loss) per share attributable to DISH
Network 0.46 $ (0.02) $ 0.85 $ 0.45 $ Diluted net income (loss) per share
from continuing operations attributable to DISH Network 0.46 $ (0.01) $ 0.84
$ 0.46 $ Diluted net income (loss) per share from discontinued operations -
(0.01) - (0.01) Diluted net income (loss) per share attributable to DISH
Network 0.46 $ (0.02) $ 0.84 $ 0.45 $ For the Three Months Ended June 30, For
the Six Months Ended June 30,
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