DISH DBS CORP

Description/Use/Location · Owned · EchoStar · DISH · Other ThirdParty

Corporate headquarters, Englewood, Colorado · X

Customer call center, warehouse, service, and remanufacturing center, El Paso, Texas · X

Data center, Cheyenne, Wyoming · X

Digital broadcast operations center, Cheyenne, Wyoming · X

Digital broadcast operations center, Gilbert, Arizona · X

Engineering offices and service center, Englewood, Colorado · X

Warehouse, Denver, Colorado · X

Warehouse and distribution center, Spartanburg, South Carolina · X

Warehouse and distribution center, Denver, Colorado · X

Warehouse and distribution center, Atlanta, Georgia · X

In addition to the principal properties listed above, we operate numerous facilities for, among other things, our in-home service operations, customer call centers and digital broadcast operations centers strategically located in regions throughout the United States. Furthermore, we own or lease capacity on nine satellites, which are a major component of our DISH TV services. See Note 6 in the Notes to our Consolidated Financial Statements in this Annual Report on Form 10-K for further information.

• We depend on others to provide the programming that we offer to our Pay-TV subscribers and, if we fail to obtain or lose access to certain programming, our Pay-TV subscriber activations and our subscriber churn rate may be negatively impacted.
• We may not be able to obtain necessary retransmission consent agreements at acceptable rates, or at all, from local network stations.
• We have limited satellite capacity and failures or reduced capacity could adversely affect our business, financial condition and results of operations.
• Extreme weather may result in risk of damage to our infrastructure and therefore our ability to provide services, and may lead to changes in federal, state and foreign government regulation, all of which could materially and adversely affect our business, results of operations and financial condition.
• We currently depend on DISH Network to provide the vast majority of our satellite transponder capacity and other related services to us. Our business would be adversely affected if DISH Network ceases to provide these services to us and we are unable to obtain suitable replacement services from third parties.
• Our failure to effectively invest in, introduce, and implement new competitive products and services could cause our products and services to become obsolete and could negatively impact our business.
• We rely on a single vendor or a limited number of vendors to provide certain key products or services to us, and the inability of these key vendors to meet our needs could have a material adverse effect on our business.
• We depend on independent third parties to solicit orders for our services that represent a meaningful percentage of our total gross new subscriber activations.
• Risks Related to our Human Capital
• We rely on highly skilled personnel for our business, and any inability to hire and retain key personnel or to hire qualified personnel may negatively affect our business, financial condition and results of operations.
• Our business growth and customer retention strategies rely in part on the work of technically skilled employees.
• Risks Related to our Satellites
• Our owned and leased satellites in orbit are subject to significant operational and environmental risks that could limit our ability to utilize these satellites.
• Our satellites under construction are subject to risks related to, among other things, construction, technology, regulations and launch that could limit our ability to utilize these satellites, increase costs and adversely affect our business.
• Our use of certain satellites is often dependent on satellite coordination agreements, which may be difficult to obtain.
• We may face interference from other services sharing satellite spectrum.
• Risks Related to our Products and Technology
• Our business depends on certain intellectual property rights and on not infringing the intellectual property rights of others.
• We are, and may become, party to various lawsuits which, if adversely decided, could have a significant adverse impact on our business, particularly lawsuits regarding intellectual property.
• If our products contain defects, we could be subject to significant costs to correct such defects and our product and network service contracts could be delayed or cancelled, which could adversely affect our revenue.
• Risks Related to Cybersecurity
• Any failure or inadequacy of our information technology infrastructure and communications systems or those of third parties that we use in our operations, including, without limitation, those caused by cyber-attacks or other malicious activities, could disrupt or harm our business.
• We have experienced and may experience in the future cyber-attacks and other attempts to gain unauthorized access to our systems on a consistent basis.
• The confidentiality, integrity, and availability of our services and products depends on the continuing operation of our information technology and other enabling systems.
• Our ongoing investments in security will likely continue to identify new vulnerabilities within our services and products.
• Acquisition and Capital Structure Risks
• We have substantial debt outstanding and may incur additional debt.
• Our parent, DISH Network, has made substantial investments to acquire certain wireless spectrum licenses and other related assets, and we have made and may continue to make funds available to DISH Network in the form of cash distributions or loans in connection with the development of DISH Network’s wireless business.
• We may pursue acquisitions, dispositions, capital expenditures, the development, acquisition and launch of new satellites and other strategic initiatives to complement or expand our business, which may not be successful and we may lose a portion or all of our investment in these acquisitions and transactions.
• Our Senior Secured Notes are subordinated to our existing unsecured notes and certain future unsecured notes with respect to certain realizations under the Intercompany Loan (defined herein) and any collateral pledged as security therefor.
• We may need additional capital, which may not be available on favorable terms or at all, to fund current obligations, continue investing in our business and to finance acquisitions and other strategic transactions.
• Covenants in our and our subsidiaries’ Indentures restrict our business in many ways.
• Risks Related to the Regulation of Our Business
• Our services depend on FCC licenses that can expire or be revoked or modified and applications for FCC licenses that may not be granted.
• The risk of non-compliance with laws and regulations, including, but not limited to, the risk of changes to laws and regulations, could adversely affect our business.
• If our internal controls are not effective, our business, EchoStar’s stock price and investor confidence in our financial results may be adversely affected.
• Risks Related to Ownership
• Our ultimate parent, EchoStar, is controlled by one principal stockholder who is also our Chairman.
• General Risks
• Sociopolitical volatility and polarization may adversely affect our business operations and reputation.
• We may face other risks described from time to time in periodic and current reports we file with the SEC.