Post Earnings Coverage as Post Earnings Coverage as DISH’s Q4 Earnings Outshined Forecasts

Upcoming AWS Coverage on TiVo Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 10, 2017 / Active Wall St. announces its post-earnings coverage on DISH Network Corp. (NASDAQ: DISH) its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 22, 2017. The Englewood, Colorado-based Company posted net income for the reported quarter, outperforming market consensus estimates. Register with us now for your free membership at:

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One of DISH Network’s competitors within the CATV Systems space, TiVo Corp. (NASDAQ: TIVO), reported on February 15, 2017, its financial results for Q4 and for the full year ended December 31, 2016. AWS will be initiating a research report on TiVo in the coming days.

Today, AWS is promoting its earnings coverage on DISH; touching on TIVO. Get our free coverage by signing up to:

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Earnings Reviewed

In FY16, DISH’s total revenues were $15.09 billion, which was marginally above the $15.07 billion recorded at the end of FY15. The Company’s subscriber-related revenue in FY16 was $15.03 billion, up 0.5% from $14.95 billion in FY15. Meanwhile, equipment sales and other revenue for FY16 came in at $60.62 million, declining 47.4% from $115.34 million in FY15.

During the year ended December 31, 2016, DISH’s total costs and expenses fell to $12.88 billion from $13.74 billion in FY15. The Company’s operating income surged 65.9% during FY16 to $2.21 billion from $1.33 billion in the last year. For FY16, the Company’s EBITDA was $3.26 billion, up 26.0% from $2.59 billion in FY15. Additionally, the Company reported net income attributable to DISH of $1.45 billion, or $3.05 per diluted share in FY16 compared to $747.09 million, or $1.61 per diluted share, in FY15.

The satellite television service provider’s total revenues during Q4 FY16 were $3.72 billion, compared to $3.78 billion in Q4 FY15. Total revenues for the reported quarter fell short of market consensus estimates of $3.75 billion. The Company’s net income attributable to DISH during Q4 FY16 was $342.67 million, or $0.70 per diluted share, compared to net loss attributable to DISH $125.30 million, or $0.27 loss per diluted share, in Q4 FY15. Wall Street had expected the Company to report net income of $0.66 per diluted share.

Segment Performance

Pay-TV and Broadband

In the reported year, the Company Pay-TV and Broadband segment’s total revenues were $15.09 billion compared to $15.07 billion in FY15. The segment’s operating income during FY16 was $2.28 billion compared to $2.04 billion in FY15. Furthermore, the segment’s income for the year ended December 31, 2016, stood at $1.53 billion versus $1.38 billion in FY15.

DISH had 13.67 million Pay-TV subscribers in FY16, down 1.6% from 13.90 million in FY15. In FY16, the Company lost net of approximately 392,000 subscribers compared to a loss of approximately 81,000 net Pay-TV subscribers during the same period in FY15. The Company’s Pay-TV churn rate for FY16 was 1.83% compared to 1.71% in the year ago. Furthermore, Pay-TV monthly average revenue per subscriber (ARPU) grew 2.2% to $88.66 in FY16 from $86.79 in FY15.

During FY16, the Company had 0.58 million Broadband subscribers compared to 0.62 million subscribers in FY15. The Company lost approximately 43,000 net Broadband subscribers during FY16 compared to the addition of approximately 46,000 net Broadband subscribers in the year ago period.

Wireless

The Wireless segment has not generated revenues in FY16; however, it had reported revenues of $396,000 in FY15. The segment’s operating loss during FY16 was $64.13 million compared operating loss of $705.58 million in FY15. Moreover, the segment reported loss of $61.31 million in FY16 compared to a loss of $607.06 million in FY15.

Cash Matters and Balance Sheet

In the year ended on December 31, 2016, DISH generated $2.80 billion in cash from operations compared to $2.44 billion in the prior year. Moreover, free cash flow during FY16 was $1.47 billion versus $1.32 billion in FY15.

The Company’s cash and cash equivalents balance stood at $5.32 billion as on December 31, 2016, compared to $1.05 billion at the close of books on December 31, 2015. The Company reported total long-term debt of $15.54 billion as on December 31, 2016, compared with $12.22 billion as on December 31, 2015.

Stock Performance

At the closing bell, on Thursday, March 09, 2017, the stock closed the trading session at $63.51, marginally down 0.75% from its previous closing price of $63.99. A total volume of 5.17 million shares have exchanged hands, which was higher than the 3-month average volume of 2.38 million shares. DISH Network’s stock price rallied 8.55% in the last three months, 25.04% in the past six months, and 29.74% in the previous twelve months. Furthermore, on a year-to-date basis, the stock gained 9.63%. Shares of the company have a PE ratio of 20.72 and have a market capitalization of $29.38 billion.

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