DISH Network Reports Fourth Quarter 2009 Financial Results

Last Updated on Tuesday, 02 March 2010 00:48 Tuesday, 02 March 2010 00:48

DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.96 billion for the quarter ended Dec. 31, 2009, a 1.4 percent increase compared with $2.92 billion for the corresponding period in 2008.

Net income attributable to common shareholders totaled $179 million for the quarter ended Dec. 31, 2009, compared with $217 million during the corresponding period in 2008. Diluted earnings per share were $0.40 for the quarter ended Dec. 31, 2009, compared with $0.48 during the corresponding period in 2008.

For the year ended Dec. 31, 2009, DISH Network reported total revenue of $11.66 billion compared with $11.62 billion for the year ended Dec. 31, 2008, an increase of 0.4 percent. DISH Network's net income attributable to common shareholders for the year ended Dec. 31, 2009, totaled $636 million, compared with $903 million for the year ended Dec. 31, 2008. Diluted earnings per share were $1.42 for the year ended Dec. 31, 2009, compared with $1.98 during the corresponding period in 2008.

DISH Network gained approximately 249,000 net subscribers during the quarter ended Dec. 31, 2009, giving the company approximately 14.100 million subscribers at year-end. The number of net subscribers gained for the full year ended Dec. 31, 2009 was approximately 422,000.

Detailed financial data and other information are available in DISH Network's Form 10-K for the annual period ended Dec. 31, 2009, filed today with the Securities and Exchange Commission.