EchoStar (EchoStar) Other Current Assets

: $660 Mil (As of Dec. 2023)

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EchoStar's other current assets for the quarter that ended in Dec. 2023 was $660 Mil.

EchoStar's quarterly other current assets declined from Jun. 2023 ($84 Mil) to Sep. 2023 ($73 Mil) but then increased from Sep. 2023 ($73 Mil) to Dec. 2023 ($660Mil).

EchoStar's annual other current assets increased from Dec. 2021 ($78 Mil) to Dec. 2022 ($642 Mil) increased from Dec. 2022 ($642 Mil) to Dec. 2023 ($660 Mil).

EchoStar Other Current Assets Historical Data

The historical data trend for EchoStar's Other Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EchoStar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Current Assets

89.23

86.22

78.41

641.70

660.09

EchoStar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Other Current Assets																641.70	106.78	84.32	73.00	660.09

EchoStar Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

EchoStar Other Current Assets Related Terms

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EchoStar (EchoStar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EchoStar Corp (NAS:SATS) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

E20:Germany E20:Germany

Address

100 Inverness Terrace East, Englewood, CO, USA, 80112-5308

Website

https://www.echostar.com

Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 7 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 8 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.

Executives

C Mike Schroeder	director	100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jeffrey R Tarr	director	DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
William David Wade	director	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Lisa W. Hershman	director	PO BOX 1602, SOUTH BEND IN 46634
R Stanton Dodge	director	ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Ergen Two-year June 2023 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2022 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2021 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Pradman P Kaul	director	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Hamid Akhavan	officer: CEO and President	1226 EARNESTINE ST., MCLEAN VA 22101
Ergen Two-year March 2022 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Veronika Takacs	officer: Principal Accounting Officer	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Adrian Morris	officer: Chief Technology Officer	HUGHES COMMUNICATIONS, INC., 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Ramesh Ramaswamy	officer: Executive VP - International	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Michelle Pearre	officer: Chief Human Resources Officer	11717 EXPLORATION LANE, GERMANTOWN MD 20876