回声星通信 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section12(b)of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ As of June30, 2024, the aggregate market value of ClassA common stock held by non-affiliates of the registrant was$2.153billionbased upon the closing price of the ClassA common stock as reported on the Nasdaq Global Select Market as of the close ofbusiness on the last trading day of themonth. As of February20, 2025, the registrant’s outstanding common stock consisted of155,094,308shares of ClassA common stock and131,348,468shares of ClassB common stock, each $0.001 par value. DOCUMENTS INCORPORATED BY REFERENCE The following documents are incorporated into this Form10-K by reference: Portions of the registrant’s definitive Proxy Statement to be filed in connection with its 2025 Annual Meeting of Shareholders areincorporated by reference in PartIII. TABLE OF CONTENTS PARTI Disclosure Regarding Forward-Looking StatementsiItem1.Business1Item1A.Risk Factors22Item1B.Unresolved Staff Comments49Item1CCybersecurity49Item2.Properties51Item3.Legal Proceedings51Item4.Mine Safety Disclosures51 PARTII Item5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities51Item6.[Reserved]53Item7.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations54Item7A.Quantitative and Qualitative Disclosures About Market Risk100Item8.Financial Statements and Supplementary Data102Item9.Changes in and Disagreements With Accountants on Accounting andFinancial Disclosure102Item9A.Controls and Procedures102Item9B.Other Information103Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections103 PARTIII Item10.Directors, Executive Officers and Corporate Governance103Item11.Executive Compensation103Item12.Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matters103Item13.Certain Relationships and Related Transactions, and DirectorIndependence104Item14.Principal Accounting Fees and Services104 PARTIV Item15Exhibits, Financial Statement Schedules104 Item16Form10-K Summary115 Signatures116Index to Consolidated Financial StatementsF-1 DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Unless otherwise required by the context, in this report, the words “EchoStar,” the“Company,” “we,” “our” and “us” refer to EchoStar Corporation and its subsidiaries, “DISHNetwork” refers to DISH Network Corporation, our wholly owned subsidiary, and itssubsidiaries, and “DISH DBS” refers to DISH DBS Corporation, a wholly-owned, indirectsubsidiary of DISH Network, and its subsidiaries. This Annual Report on Form