2013 Annual Report
Annual Report Year Ended December 31, 2013 September 18, 2014 Dear EchoStar Corporation Shareholders, In 2013, we made tremendous progress and, yet again, proved why we are a leader in the satellite and telecommunications industry. Our unique combination of knowledge and experience from end-to-end satellite operations, video delivery and broadcast technologies, and data networks allows us to deliver a unique and impressive suite of products and services to support our continued success. EchoStar ended the 2013 fiscal year with a solid performance. Our total revenue was $3.3 billion compared to $3.1 billion in 2012, representing a 6.7% increase. EBITDA was $650 million in 2013, compared to $794 million in 2012, and included $139 million higher investment gains and $46 million in dividends that were not repeated in 2013. We ended the year with $1.6 billion in cash and marketable securities, which gives us the resources necessary to pursue strategic opportunities to position ourselves for global growth. We continue to deliver on our commitments to customers, partners, employees, and shareholders. EchoStar had a stellar 2013 performance partially due to the continued success of the Hopper whole-home DVR product line, including the launch of the award-winning Hopper with Sling. In addition, we achieved record numbers in growth for our HughesNet subscribers, which totaled more than 800,000 by the end of 2013. Hughes broadened its suite of services by launching HughesNet Voice, an integrated VoIP option, that rivals the triple play offered by competitors. In December 2013, we acquired Solaris Mobile, a company based in Ireland and licensed by the European Union, to provide mobile satellite services and complementary ground component services covering the entire European Union.
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