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Echostar's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Let me now turn this over to Dean Manson for the Safe Harbor disclosure. Dean?

Dean Manson

Thank you, Deepak, and hello, everyone.

All statements we make during this call that are not statements of historical fact constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that could cause our actual results to be materially different from historical results and from any future results expressed or implied by such forward-looking statements.

For a list of those factors and risks, please refer to our Annual Report on Form 10-K to be filed in connection with our earnings. All cautionary statements that we make during this call should be understood as being applicable to any forward-looking statements we make, wherever they appear.

You should carefully consider the risks described in our reports and should not place undue reliance on any forward-looking statements. We assume no responsibility for updating any forward-looking statements.

With that said, let me turn it back to Deepak.

Deepak Dutt

Thank you, Dean. We will start the call now with comments by Mike Dugan. Mike?

Michael Dugan

Thank you, Deepak, and welcome, everybody, to today’s call. This morning, we released certain preliminary unaudited results for the fourth quarter and year ended December 31, 2011. We plan on filing our 10-K early next week. I’d like to take a moment and recap the highlights of those results for you.

EchoStar Corporation today reported total revenue of $834 million for the first quarter ended December 31st, a 62.6% increase compared with $513 million for the fourth quarter ended December 31, 2010. The loss before income taxes totaled $22 million for the quarter ending December 31, 2011 compared with income before income tax of $186 million during the corresponding period in 2010.

For the year ended December 31, 2011, EchoStar reported total revenue of $2.76 billion compared with $2.35 billion for the year ended December 31, 2010, an increase of 17.5%. Income before income taxes for the year ended December 31, 2011 totaled $26 million compared with $289 million for the year ended December 31, 2010. Again, we are in the process of completing the full financial statements and the audit and expect to file a 10-K early next week.

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