Basic and Diluted Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Basic and Diluted Net Income (Loss) Per Share

Schedule of EPS amounts for all periods and the basic and diluted weighted-average shares outstanding used in the calculation

	For the Years Ended December 31,
	2024		2023		2022
		(In thousands, except per share amounts)
Net income (loss)	$	(124,515)	$	(1,634,824)	$	2,536,892
Less: Net income (loss) attributable to noncontrolling interests, net of tax		(4,969)		67,233		59,172
Net income (loss) attributable to EchoStar - Basic		(119,546)		(1,702,057)		2,477,720
Interest on dilutive Convertible Notes, net of tax (1)(5)		—		—		—
Net income (loss) attributable to EchoStar - Diluted	$	(119,546)	$	(1,702,057)	$	2,477,720
Weighted-average common shares outstanding - Class A and B common stock:
Basic (2)		274,079		270,842		270,102
Dilutive impact of Convertible Notes (3)(4)(5)		—		—		37,550
Dilutive impact of stock awards outstanding (5)		—		—		81
Diluted		274,079		270,842		307,733
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar	$	(0.44)	$	(6.28)	$	9.17
Diluted net income (loss) per share attributable to EchoStar	$	(0.44)	$	(6.28)	$	8.05

(1) For the years ended December 31, 2023 and 2022, substantially all of our interest expense was capitalized. See Note 2 for further information.

(2) On November 12, 2024, as a result of the PIPE Investment (as defined below), we issued 14.265 million shares of our Class A Common Stock.

(3) We repurchased or redeemed the principal balance of our 2 3/8% Convertible Notes due 2024 as of March 15, 2024, the instrument’s maturity date.

(4) On November 12, 2024, we issued $1.906 billion aggregate principal amount of EchoStar Convertible Notes (as defined in Note 10), which includes the EchoStar Convertible Notes issued upon the closing of the EchoStar Exchange Offers (as defined in Note 10). Upon the closing of the EchoStar Exchange Offers the Existing DISH Convertible Notes (as defined in Note 10) with an aggregate principal amount of $183 million remain outstanding. Subsequent to November 12, 2024, the total outstanding aggregate principal amount of our Convertible Notes may be converted into 58 million shares.

(5) For both the years ended December 31, 2024 and 2023, the dilutive impact of 38 million weighted-average shares of Class A common stock were excluded from the computation of “Diluted net income (loss) per share attributable to EchoStar” because the effect would have been anti-dilutive as a result of the net loss attributable to EchoStar in the period.

Schedule of anti-dilutive securities not included in the diluted EPS calculation

	As of December 31,
	2024	2023	2022
	(In thousands)
Anti-dilutive stock awards	7,082	10,906	9,680
Performance/market based options	4,300	4,631	5,285
Restricted Performance Units/Awards	—	—	388
Common stock warrants	16,151	16,151	16,151
Total	27,533	31,688	31,504