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Echostar Annual Report Year Ended December 31, 2011 CORPORATE PROFILE

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Echostar Annual Report Year Ended December 31, 2011 CORPORATE PROFILE NASDAQ: SATS 100 Inverness Terrace East Englewood, CO 80112 303.706.4000 www.echostar.com EchoStar Annual Report Year Ended December 31, 2011 CORPORATE PROFILE BOARD OF DIRECTORS ANNUAL MEETING EXECUTIVE OFFICERS Charles W. Ergen The 2012 Annual Meeting of Charles W. Ergen Chairman of the Board Shareholders will be held on Chairman May 3, 2012. Michael T. Dugan Michael T. Dugan Chief Executive Officer Director For additional information, and President contact: R. Stanton Dodge Investor Relations Department Kenneth G. Carroll Director Executive Vice President and EchoStar Corporation Chief Financial Officer Anthony M. Federico 100 Inverness Terrace East Englewood, Colorado 80112 Director Mark W. Jackson www.echostar.com President, Pradman P. Kaul EchoStar Technologies L.L.C. Director Anders N. Johnson President, David K. Moskowitz EchoStar Satellite Services L.L.C. Director Pradman P. Kaul Tom A. Ortolf President, Hughes Communications, Inc. Director Sandra L. Kerentoff C. Michael Schroeder Executive Vice President, Director Global Human Resources Roger J. Lynch TRANSFER AGENT Executive Vice President, Computershare Advanced Technologies L.L.C. Trust Company Dean A. Manson PO Box 43070 Executive Vice President, Providence, RI 02940-3070 General Counsel and Secretary INDENTURE TRUSTEE Steven B. Schaver President, Wells Fargo Bank, EchoStar International Corporation National Association Corporate Trust Services 625 Marquette Ave., 11th Floor MAC N9311-110 Minneapolis, Minnesota 55470 Attn: Richard H. Prokosch March 23, 2012 Dear EchoStar Corporation Shareholders: 2011 will be remembered as a significant growth year for EchoStar Corporation with the acquisition of Hughes Communications, Inc. on June 8, 2011. Hughes is a leading provider of satellite broadband solutions and services for home and office, complementing EchoStar as a premier provider of satellite operations and digital TV solutions that enhance today’s home entertainment lifestyle. The strategic combination of EchoStar and Hughes will significantly expand our know-how to develop exciting new video and data products and solutions, opening up global market opportunities for the delivery of innovative video and broadband data services. As a combined company, we ended 2011 with revenue of $2.8 billion, a growth of 17.5% over 2010. Services revenue more than doubled to $1.1 billion and grew to represent 39% of total revenue, which is consistent with our strategy to increase the services business contribution. We expanded our satellite fleet during 2011 with the successful launch of Quetzsat in September. Quetzsat is an all Ku- band, high-powered satellite with advanced Direct-To-Home (DTH) television coverage potential for a variety of markets in North and South America. In 2012, we look forward to launching two new satellites: EchoStar 16 for additional DTH services, and EchoStar 17 for broadband data services enabled by high-throughput Jupiter™ technology developed by Hughes. Scale is a critical element in achieving maximum efficiency in the satellite industry, and we expect our owned and managed fleet to number 22 by the end of 2012. Our Mexican joint venture, DISH Mexico continues to grow at a rapid pace. Dish Mexico now has over 2 million subscribers and leads the way with the most high definition channels of any pay TV service in Mexico. We believe that DTH satellite and broadband services are particularly well-suited for countries without extensive telecommunications and cable infrastructure, and we intend to continue to seek new investments and customer relationships with international DTH satellite service and broadband service providers. A testament to the innovative spirit and quality of our people is the many awards we received across all spheres of technology, product development, sales/marketing, and community service, several of which are noteworthy. EchoStar achieved an industry first at the Consumer Electronics Show (CES) with all three of our current operator solutions honored as Innovations Award winners: Aria, a hybrid QAM/IP solution for cable operators; XiP, a hybrid, whole-home DVR solution for satellite operators; and Move TV, an all-IP video delivery solution from Move Networks that truly represents the future of TV, including linear programming, cloud DVR, VOD, and HD-quality video/responsiveness over low bandwidth. In addition, the SlingLoaded Broadcom System-on-a-Chip, or SoC solution by Sling Media was named as the most interesting industry development by Multichannel News and Hughes received the prestigious Broadband Satellite System Award by Euroconsult and a jury of industry experts at the World Summit for Satellite Financing in Paris. The integration of the EchoStar team of companies is progressing well and the focus is on combining our respective strengths to make the collective sum greater than that of its parts. As we look to 2012 and beyond, we are excited to build on the best of Hughes, Move and Sling. Thank you for your continued support. Sincerely, Charles W. Ergen Chairman of the Board of Directors UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL 7 YEAR ENDED DECEMBER 31, 2011 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______________ TO ________________. Commission file number: 001-33807 EchoStar Corporation (Exact name of registrant as specified in its charter) Nevada 26-1232727 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Inverness Terrace East Englewood, Colorado 80112-5308 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (303) 706-4000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Class A common stock, $0.001 par value The Nasdaq Stock Market L.L.C. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes 7 No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No 7 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 7 No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes 7 No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. 7 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer 7 Accelerated filer Non-accelerated filer Smaller reporting company (Do not check if a smaller reporting company) Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No 7 As of June 30, 2011, the aggregate market value of Class A common stock held by non-affiliates of the registrant was $1.404 billion based upon the closing price of the Class A common stock as reported on the Nasdaq Global Select Market as of the close of business on that date. As of February 14, 2012, the registrant’s outstanding common stock consisted of 38,982,802 shares of Class A common stock and 47,687,039 shares of Class B common stock, each $0.001 par value. DOCUMENTS INCORPORATED BY REFERENCE The following documents are incorporated into this Form 10-K by reference: Portions of the registrant’s definitive Proxy Statement to be filed in connection with its 2012 Annual Meeting of Shareholders are incorporated by reference in Part III. TABLE OF CONTENTS PART I Disclosure Regarding Forward-Looking Statements............................................................................. i Item 1. Business................................................................................................................................................. 1 Item 1A. Risk Factors........................................................................................................................................... 18 Item 1B. Unresolved Staff Comments.................................................................................................................. 38 Item 2. Properties............................................................................................................................................... 39 Item 3. Legal Proceedings.................................................................................................................................
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