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Accounting Project - Research Paper Example

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DISH Network Corporation (DISH Network) is one of the leading companies in the business of providing satellite delivered digital television which was established almost 29 years ago. The company successfully launched its first Direct Satellite Broadcasting (DSB) in 1995 and in…
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Accounting Project
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Download file to see previous pages The company has its headquarters in Englewood, Colorado and being the third largest broadcasting company in the US it is serving to more than 13.9 million customers throughout the US. The company’s President and CEO is Mr. Charles W. Ergen and the company employs more than 26,000 employees throughout its distribution network in the US.
Before FY 2008 the company has two separate reporting segments namely DISH Network and EchoStar Technologies Corporation. However, after restructuring of company’s assets a separate publicly traded company EchoStar Corporation (EchoStar) was formed where as the company became a single reportable segment that is DISH Network with its business as provider of a DBS (direct broadcast satellite) subscription television service in the US. The company provides complete solution through receiver systems and programming to its customers which offer a large number of video and radio channels. The product / service supply chain comprises of direct sales channels, independent retailers such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores and nationwide retailers and even telecommunications companies (DataMonitor). The company’s major competitors include AT&T Inc., Comcast Corporation, Cox Communication, Inc., Time Warner, Inc. and TiVO Inc. etc.
The company’s total current assets were $6,460,047 and total liabilities $8,409,153 as of December 2008. In the same period the company had a negative shareholders’ equity of $1,949,106. During the year ending December 2008 (FY 2008) the company has recorded sales revenues of $11,617.2 million. The company was able to post an operating profit of $2,056.2 million in FY2008, while its net profit was $902.9 million in FY2008. The company’s operating activities generated a cash inflow of $2,188 million whereas cash out flows from investing activities and financial activities were $1,597 million and $1,411 million respectively. ...Download file to see next pagesRead More
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