XML 115 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Our adoption of these standards impacted the referenced line items on the Statement of Operations and Statements of Comprehensive Income (Loss) as follows:

 
 
For the year ended December 31, 2018
 
 
As Reported
 
Adjustments Due to the
 
Balances If We Had Not Adopted the New Standards
 
 
 
New Revenue Standard
 
New Investment Standard
 
 
 
 
 
 
 
 
 
 
Statement of Operations:
 
 
Revenue:
 
 

 
 

 
 

 
 
Services and other revenue
 
$
1,557,228

 
$
2,323

 
$

 
$
1,559,551

Total revenue
 
1,762,638

 
2,323

 

 
1,764,961

Costs and expenses:
 
 

 
 

 
 

 
 
Cost of sales - services and other (exclusive of depreciation and amortization)
 
563,907

 
2,738

 

 
566,645

Selling, general and administrative expenses
 
436,088

 
8,520

 

 
444,608

Total costs and expenses
 
1,726,501

 
11,258

 

 
1,737,759

Operating income (loss)
 
36,137

 
(8,935
)
 

 
27,202

Other income (expense):
 
 

 
 

 
 

 
 
Interest expense, net of amounts capitalized
 
(219,288
)
 
539

 

 
(218,749
)
Gains (losses) on investments, net
 
(12,622
)
 

 
(30,531
)
 
(43,153
)
Equity in earnings (losses) of unconsolidated affiliates, net
 
(5,954
)
 
1,278

 

 
(4,676
)
Total other income (expense), net
 
(161,923
)
 
1,817

 
(30,531
)
 
(190,637
)
Income (loss) from continuing operations before income taxes
 
(125,786
)
 
(7,118
)
 
(30,531
)
 
(163,435
)
Income tax benefit (provision), net
 
(6,576
)
 
1,852

 

 
(4,724
)
Net income (loss)
 
(38,633
)
 
(5,266
)
 
(30,531
)
 
(74,430
)
Net income (loss) attributable to EchoStar Corporation common stock
 
(40,475
)
 
(5,266
)
 
(30,531
)
 
(76,272
)
Earnings (losses) per share:
 
 
 
 
 
 
 
 
Basic
 
(0.42
)
 
(0.05
)
 
(0.32
)
 
(0.79
)
Diluted
 
(0.42
)
 
(0.05
)
 
(0.32
)
 
(0.79
)

 
 
For the year ended December 31, 2018
 
 
As Reported
 
Adjustments Due to the
 
Balances If We Had Not Adopted the New Standards
 
 
 
New Revenue Standard
 
New Investment Standard
 
 
 
 
Statement of Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(38,633
)
 
$
(5,266
)
 
$
(30,531
)
 
$
(74,430
)
Other comprehensive income (loss), net of tax:
 
 

 
 
 
 
 
 
Unrealized gains (losses) on available-for-sale securities
 
(962
)
 

 
(6,485
)
 
(7,447
)
Other-than-temporary impairment loss on available-for-sale securities
 

 

 
37,016

 
37,016

Total other comprehensive income (loss), net of tax
 
(5,413
)
 

 
30,531

 
25,118

Comprehensive income (loss)
 
(44,046
)
 
(5,266
)
 

 
(49,312
)
Comprehensive income (loss) attributable to EchoStar Corporation
 
(44,499
)
 
(5,266
)
 

 
(49,765
)

Our adoption of ASC 842 resulted in the following adjustments to the Consolidated Balance Sheet effective January 1, 2019:
 
 
Balance
December 31,
2018
 
Adoption of ASC 842 Increase (Decrease)
 
Balance January 1, 2019
 
 
 
 
 
 
 
Other current assets
 
$
165,809

 
$
(28
)
 
$
165,781

Operating lease right-of-use assets
 

 
120,358

 
120,358

Other non-current assets, net
 
338,390

 
(7,272
)
 
331,118

Total assets
 
8,661,294

 
113,058

 
8,774,352

Accrued expenses and other current liabilities
 
181,698

 
17,453

 
199,151

Operating lease liabilities
 

 
100,085

 
100,085

Other non-current liabilities
 
80,304

 
(3,871
)
 
76,433

Total liabilities
 
4,505,820

 
113,667

 
4,619,487

Accumulated earnings (losses)
 
694,129

 
(609
)
 
693,520

Total stockholders’ equity
 
4,155,474

 
(609
)
 
4,154,865

Total liabilities and stockholders’ equity
 
8,661,294

 
113,058

 
8,774,352