DISH Network CORP (DISH) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Pay-TV	12,505.4	12,928.7	12,897.4	12,810.2	13,621.2	14,391.4		15,225.1
Wireless	4,180.0	4,957.3	2,599.8	1.7	0.6			0.4
Total revenues [+]	16,679.4	17,881.1	15,493.4	12,807.7	13,621.3	14,391.4	15,212.3	15,225.5
Subscription								14,953.6
Revenue growth [+]	-6.7%	15.4%	21.0%	-6.0%	-5.4%	-5.4%	-0.1%	4.0%
Pay-TV	-3.3%	0.2%	0.7%	-6.0%	-5.4%
Wireless	-15.7%	90.7%	155300.0%	188.4%				-3.4%
Cost of goods sold [+]	1,812.2	1,552.3	939.7	192.8	145.6	1,299.4	1,590.4	10,671.3
Other cost of sales						95.1	133.9	185.4
Cost of subscriptions								8,821.8
Gross profit	14,867.2	16,328.8	14,553.7	12,614.9	13,475.7	13,092.0	13,621.9	4,554.2
Gross margin	89.1%	91.3%	93.9%	98.5%	98.9%	91.0%	89.5%	29.9%
Selling, general and administrative [+]	2,545.6	2,214.9	1,806.1	1,728.1	1,437.3	1,237.9	1,339.2	1,338.2
Sales and marketing						550.8	603.2	579.3
General and administrative						687.1	736.0	759.0
Other operating expenses	9,558.9	10,185.9	9,094.0	8,377.3	9,178.8	9,322.9	9,042.3	698.5
EBITDA [+]	2,762.7	3,927.9	3,653.6	2,509.5	2,859.6	2,531.2	3,240.5	2,517.5
EBITDA growth	-29.7%	7.5%	45.6%	-12.2%	13.0%	-21.9%	28.7%	-13.3%
EBITDA margin	16.6%	22.0%	23.6%	19.6%	21.0%	17.6%	21.3%	16.5%
Depreciation	563.1	560.9	621.6	623.6	702.0	809.6	911.2	950.4
EBITA	2,199.7	3,367.0	3,032.0	1,885.9	2,157.6	1,721.7	2,329.3	1,567.1
EBITA margin	13.2%	18.8%	19.6%	14.7%	15.8%	12.0%	15.3%	10.3%
Amortization of intangibles	154.0	164.0	93.0	7.0	10.0	8.0	10.0	13.0
EBIT [+]	2,045.7	3,203.0	2,939.0	1,878.9	2,147.6	1,713.7	2,319.3	1,554.1
EBIT growth	-36.1%	9.0%	56.4%	-12.5%	25.3%	-26.1%	49.2%	-14.8%
EBIT margin	12.3%	17.9%	19.0%	14.7%	15.8%	11.9%	15.2%	10.2%
Non-recurring items [+]			356.4			145.9		125.8
Asset impairment			356.4			145.9		125.8
Interest expense, net [+]	-20.0	4.8	-9.8	-53.5	-29.8	1,018.3	797.3	1,328.7
Interest expense	22.8	16.2	13.0	23.7	15.0	1,059.4	828.4	1,348.2
Interest income	42.8	11.3	22.7	77.2	44.8	41.0	31.2	19.5
Other income (expense), net [+]	1,039.0	20.6	-20.2	11.5	11.8	1,100.7	894.6	1,135.5
Litigation settlement						295.7	21.1	20.9
Other	1,039.0	20.6	-20.2	11.5	11.8	104.5	119.3	281.4
Pre-tax income	3,104.6	3,218.8	2,572.2	1,943.9	2,189.2	1,650.1	2,416.6	1,235.2
Income taxes	731.7	762.8	698.3	451.4	533.7	-515.3	865.8	393.2
Tax rate	23.6%	23.7%	27.1%	23.2%	24.4%		35.8%	31.8%
Minority interest	69.7	45.3	111.3	93.1	80.4	66.7	52.8	39.7
Net income	2,303.2	2,410.6	1,762.7	1,399.5	1,575.1	2,098.7	1,497.9	802.4
Net margin	13.8%	13.5%	11.4%	10.9%	11.6%	14.6%	9.8%	5.3%

Basic EPS [+]	$4.34	$4.57	$3.36	$2.92	$3.37	$4.50	$3.22	$1.73
Growth	-4.9%	36.0%	15.1%	-13.4%	-25.2%	39.7%	86.0%	-15.6%
Diluted EPS [+]	$3.61	$3.79	$3.02	$2.60	$3.00	$4.02	$3.09	$1.73
Growth	-4.6%	25.6%	15.9%	-13.2%	-25.4%	29.8%	79.2%	-15.4%


Shares outstanding (basic) [+]	530.1	527.8	524.8	479.7	467.4	466.0	464.8	463.0
Growth	0.4%	0.6%	9.4%	2.6%	0.3%	0.3%	0.4%	0.6%
Shares outstanding (diluted) [+]	637.3	636.1	584.4	538.0	525.8	522.6	484.2	464.7
Growth	0.2%	8.8%	8.6%	2.3%	0.6%	7.9%	4.2%	0.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.