8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 9, 2015

DISH NETWORK CORPORATION

(Exact name of registrant as specified in its charter)

NEVADA	0-26176	88-0336997
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9601 SOUTH MERIDIAN BLVD. ENGLEWOOD, COLORADO	80112
(Address of principal executive offices)	(Zip Code)

(303) 723-1000
(Registrant’s telephone number, including area code)

DISH DBS CORPORATION

(Exact name of registrant as specified in its charter)

COLORADO	333-31929	84-1328967
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9601 SOUTH MERIDIAN BLVD. ENGLEWOOD, COLORADO	80112
(Address of principal executive offices)	(Zip Code)

(303) 723-1000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On November 9, 2015, DISH Network Corporation issued a press release reporting financial results for the quarter ended September 30, 2015.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.  DISH Network Corporation’s investor summary for the quarter ended September 30, 2015 is attached hereto as Exhibit 99.2 and incorporated herein by reference.

The information contained in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” with the Securities and Exchange Commission or otherwise incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1          Press Release “DISH Network Reports Third Quarter 2015 Financial Results” dated November 9, 2015.

Exhibit 99.2          Investor Summary for the quarter ended September 30, 2015.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	DISH NETWORK CORPORATION DISH DBS CORPORATION
Date: November 9, 2015	By:	/s/ Steven E. Swain
		Steven E. Swain
		Senior Vice President and Chief Financial Officer

3

EXHIBIT INDEX

Exhibit
Number	Description
Exhibit 99.1	Press Release “DISH Network Reports Third Quarter 2015 Financial Results” dated November 9, 2015.
Exhibit 99.2	Investor Summary for the quarter ended September 30, 2015.

4

EX-99.1

Exhibit 99.1

DISH Network Reports Third Quarter 2015 Financial Results

ENGLEWOOD, Colo., Nov. 9, 2015 — DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.73 billion for the quarter ending Sept. 30, 2015, compared to $3.68 billion for the corresponding period in 2014. Subscriber-related revenue increased to $3.7 billion from $3.65 billion in the year-ago period.

Net income attributable to DISH Network totaled $196 million for the quarter ending Sept. 30, 2015, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for the quarter ending Sept. 30, 2015 were $0.42, compared with $0.31 during the same period in 2014.

For the three and nine months ended Sept. 30, 2015, DISH has included all of its Sling TV live, linear streaming over-the-top Internet-based television services in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are included net of disconnects.

In the third quarter, DISH activated approximately 751,000 gross new Pay-TV subscribers, compared to approximately 691,000 gross new Pay-TV subscribers in the prior year’s third quarter. Net Pay-TV subscribers declined approximately 23,000 in the third quarter, compared to a loss of approximately 12,000 in the third quarter 2014.

The company closed the third quarter with 13.909 million Pay-TV subscribers, compared to 14.041 million Pay-TV subscribers at the end of third quarter 2014.

Pay-TV ARPU for the third quarter totaled $86.33, compared to the year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 percent versus 1.67 percent for third quarter 2014.

DISH added approximately 13,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 608,000.

Year-to-Date Review

For the first nine months of 2015, DISH Network’s revenue was $11.29 billion, compared to $10.96 billion in revenue from the same period last year. Year to date, net income attributable to DISH Network totaled $872 million, compared to $535 million from the same period last year. Diluted earnings per share were $1.88 for the first nine months of 2015, compared with $1.16 during the same period in 2014.

Detailed financial data and other information are available in DISH Network’s Form 10-Q for the quarter ended Sept. 30, 2015, filed today with the Securities and Exchange Commission.

DISH Network will host its third quarter 2015 financial results conference call today at noon ET. The dial-in numbers are (800) 616-6729 (U.S.) and (763) 488-9145, conference ID number 61355891.

A webcast replay will be available on DISH’s Investor Relations website [http://dish.client.shareholder.com] today from 6 p.m. to 12 a.m. ET.

About DISH

DISH Network Corp. (NASDAQ: DISH), through its subsidiaries, provides approximately 13.909 million pay-TV subscribers, as of Sept. 30, 2015, with the highest-quality programming and technology with the most choices at the best value. DISH offers a high definition line-up with more than 200 national HD channels, the most international channels and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 250 company. Visit www.dish.com.

# # #

Media Contact

Robert Toevs

303-723-2010

bob.toevs@dish.com

@DISHNews

Investor Contact

Jason Kiser

303-723-2210

jason.kiser@dish.com

EX-99.2

Exhibit 99.2

QUARTERLY INVESTOR SUMMARY November 9, 2015

DISH NETWORK REPORTS THIRD QUARTER 2015 FINANCIAL RESULTS  ENGLEWOOD, Colo., November 9, 2015 — DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.73 billion for the quarter ending Sept. 30, 2015, compared to $3.68 billion for the corresponding period in 2014. Subscriber- related revenue increased to $3.7 billion from $3.65 billion in the year-ago period. Net income attributable to DISH Network totaled $196 million for the quarter ending Sept. 30, 2015, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for the quarter ending Sept. 30, 2015 were $0.42, compared with $0.31 during the same period in 2014. For the three and nine months ended Sept. 30, 2015, DISH has included all of its Sling TV live, linear streaming over-the-top Internet-based television services in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay- TV churn rate numbers set forth below. Sling TV subscribers are included net of disconnects. In the third quarter, DISH activated approximately 751,000 gross new Pay-TV subscribers, compared to approximately 691,000 gross new Pay-TV subscribers in the prior year’s third quarter. Net Pay- TV subscribers declined approximately 23,000 in the third quarter, compared to a loss of approximately 12,000 in the third quarter 2014. The company closed the third quarter with 13.909 million Pay-TV subscribers, compared to 14.041 million Pay-TV subscribers at the end of third quarter 2014. Pay-TV ARPU for the third quarter totaled $86.33, compared to the

year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 percent versus 1.67 percent for third quarter 2014. DISH added approximately 13,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 608,000. Year-to-Date Review For the first nine months of 2015, DISH Network’s revenue was $11.29 billion, compared to $10.96 billion in revenue from the same period last year. Year to date, net income attributable to DISH Network totaled $872 million, compared to $535 million from the same period last year. Diluted earnings per share were $1.88 for the first nine months of 2015, compared with $1.16 during the same period in 2014. Detailed financial data and other information are available in DISH Network’s Form 10-Q for the quarter ended Sept. 30, 2015, filed today with the Securities and Exchange Commission. DISH Network will host its third quarter 2015 financial results conference call today at noon ET. The dial-in numbers are (800) 616-6729 (U.S.) and (763) 488-9145, conference ID number 61355891. A webcast replay will be available on DISH’s Investor Relations website [http://dish.client.shareholder.com] today from 6 p.m. to 12a.m. ET. the most international channels and award-winning HD and DVR DISH Segment About DISH DISH Network Corp. (NASDAQ: DISH), through its subsidiaries, provides approximately 13.909 million pay-TV subscribers, as of Sept. 30, 2015, with the highest-quality programming and technology with the most choices at the best value. DISH offers a high definition line-up with more than 200 national HD channels, technology. DISH Network Corporation is a Fortune 250 company. Visit www.dish.com. DISH 3Q15 Financial Results Conference Call — Noon ET Today U.S. or Canada 800-616-6729 Internationally 763-488-9145 Conference ID: 61355891 TABLE OF CONTENTS DISH Segment - Pay-TV Metrics 3 DISH Segment - Broadband Metrics 5 Selected Financial Results 6 Condensed Consolidated Balance Sheets 8 Condensed Consolidated Statements of Operations 9 Condensed Consolidated Statements of Cash Flows 10 Results of Operations 3Q15 vs. 3Q14 11 Cautionary Statement Concerning Forward-Looking Statements DISH QUARTERLY INVESTOR SUMMARY-3Q15

 DISH SEGMENT — PAY-TV METRICS Pay-TV Gro DISH QUARTERLY INVESTOR SUMMARY-3Q15 Pay-TV Net Additions DISH lost approximately 23,000 net Pay-TV subscribers during 3Q15, compared to the loss of approximately 12,000 net Pay-TV subscribers during 3Q14. The decrease in net Pay-TV subscriber additions versus the same period in 2014 resulted from a higher Pay-TV churn rate discussed below, partially offset by higher gross new Pay- TV subscriber activations, primarily related to the activation of Sling TV subscribers, which are reported net of disconnects. Our Sling domestic service was launched on February 9, 2015. Pay-TV Gross Activations During 3Q15, DISH activated approximately 751,000 gross new Pay-TV subscribers compared to approximately 691,000 gross new Pay-TV subscribers during 3Q14, an increase of 8.7%. The increase in our gross new Pay-TV subscriber activations primarily related to the activation of Sling TV subscribers, which are reported net of disconnects, partially offset by stricter customer acquisition policies for our DISH branded pay-TV subscribers and increased competitive pressures, including aggressive marketing, more aggressive retention efforts, bundled discount offers combining broadband, video and/or wireless services and other discounted promotional offers. Pay-TV Churn Rate Our Pay-TV churn rate for 3Q15 was 1.86% compared to 1.67% during 3Q14. Our Pay-TV churn rate increased during 3Q15 as a result of increased competitive pressures, including aggressive marketing, bundled discount offers combining broadband, video and/or wireless services and other discounted promotional offers. Our Pay-TV churn rate is also impacted by, among other things, the credit quality of previously acquired subscribers, our ability to consistently provide outstanding customer service, price increases, programming interruptions in connection with the scheduled expiration of certain programming carriage contracts, our ability to control piracy and other forms of fraud, the level of our retention efforts and cord cutting. DISH QUARTERLY INVESTOR SUMMARY-3Q15

 DISH SEGMENT — PAY-TV METRICS-CONTINUED P TV ARPU DISH QUARTERLY INVESTOR SUMMARY-3Q15 Pay-TV Subscribers DISH ended 3Q15 with 13.909 million Pay-TV subscribers compared to 14.041 million Pay-TV subscribers at the end of 3Q14. Pay-TV ARPU Pay-TV average monthly revenue per subscriber (Pay-TV ARPU) was $86.33 during 3Q15 versus $84.39 during 3Q14. The $1.94 or 2.3% increase in Pay-TV ARPU was primarily attributable to the DISH branded pay-TV programming package price increases in February 2015 and 2014, partially offset by a shift in DISH branded pay- TV programming package mix, an increase in retention credits and an increase in Sling TV subscribers. Sling TV subscribers generally have lower priced programming packages than DISH branded pay-TV subscribers. Accordingly, for 3Q15, the increase in Sling TV subscribers had a negative impact on Pay-TV ARPU. Pay-TV SAC Pay-TV subscriber acquisition cost (Pay-TV SAC) was $736 during 3Q15 compared to $861 during 3Q14, a decrease of $125 or 14.5%. This change was primarily attributable to an increase in Sling TV subscriber activations and a decrease in advertising costs per activation. DISH QUARTERLY INVESTOR SUMMARY-3Q15

 DISH SEGMENT — BROADBAND METRICS DISH QUARTERLY INVESTOR SUMMARY-3Q15 Broadband Net Additions DISH added approximately 13,000 net Broadband subscribers during 3Q15, compared to the addition of approximately 28,000 net Broadband subscribers during 3Q14. This decrease in net Broadband subscriber additions versus 3Q14 resulted from lower gross new Broadband subscriber activations and a higher number of customer disconnects. Broadband Gross Activations During 3Q15 and 3Q14, DISH activated approximately 66,000 and 72,000 gross new Broadband subscribers, respectively. Gross new Broadband subscriber activations declined primarily due to stricter customer acquisition policies and satellite capacity constraints in certain geographic areas. Customer disconnects were higher primarily due to a larger Broadband subscriber base during 3Q15 compared to 3Q14. Broadband Subscribers DISH ended 3Q15 with 608,000 Broadband subscribers compared to 553,000 Broadband subscribers at the end of 3Q14. DISH QUARTERLY INVESTOR SUMMARY-3Q15

 SELECTED FINANCIAL RESULTS DISH QUARTERLY INVESTOR SUMMARY-3Q15 Subscriber-Related Revenue Subscriber-related revenue totaled $3.704 billion for 3Q15, an increase of $56 million or 1.5% compared to 3Q14. The change in Subscriber-related revenue from 3Q14 was primarily related to the increase in Pay-TV ARPU discussed previously, partially offset by a lower average Pay-TV subscriber base. Included in Subscriber- related revenue was $110 million and $98 million of revenue related to our broadband services for 3Q15 and 3Q14, respectively, representing 3.0% and 2.7% of our total Subscriber-related revenue, respectively. Subscriber-Related Expenses Subscriber-related expenses totaled $2.182 billion during 3Q15, an increase of $50 million or 2.3% compared to 3Q14. The increase in Subscriber-related expenses was primarily attributable to higher programming costs and higher Broadband subscriber-related expenses due to the increase in our Broadband subscriber base, partially offset by a decrease in variable and retention costs per subscriber and a lower average Pay-TV subscriber base. The increase in programming costs was driven by rate increases in certain of our programming contracts, including the renewal of certain contracts at higher rates. Net Income (Loss) Net income attributable to DISH Network was $196 million during 3Q15 compared to $146 million for 3Q14. DISH QUARTERLY INVESTOR SUMMARY-3Q15

 SELECTED FINANCIAL RESULTS-CONTINUED EBITDA EBITDA was $717 million during 3015, an increase of $112 million or 18.5% compared to 3014. EBITDA for 3015 was positively impacted by Other, net income of $29 million. EBITDA for 3014 was negatively impacted by Other, net expense of $56 million. Non-GAAP ReconciliationEBITDA toNet Income E BI Quarter To Date 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 (In thousands) EBITDA 604,794 $ 806,943 $ 848,597 $ 924,448 $ 716,568 $ Interest, net (129,296) (123,685) (147,819) (149,135) (139,561) Income tax (provision) benefit, net (60,089) 13,603 (103,081) (188,004) (128,331) Depreciation and amortization (269,890) (286,931) (246,212) (262,886) (252,197) Net income (loss) attributable to DISH Network 145,519 $ 409,930 $ 351,485 $ 324,423 $ 196,479$ Earnings before interest, taxes, depreciation and amortization (“EBITDA”). EBITDA is defined as “Net income (loss) attributable to DISH Network” plus “Interest expense, net of amounts capitalized” net of “Interest income,” “Income tax (provision) benefit, net” and “Depreciation and amortization.” EBITDA is not a measure determined in accordance with accounting principles generally accepted in the United States (“GAAP”) and should not be considered a substitute for operating income, net income or any other measure determined in accordance with GAAP. EBITDA is used as a measurement of operating efficiency and overall financial performance and we believe it to be a helpful measure for those evaluating companies in the pay-TV industry. Conceptually, EBITDA measures the amount of income generated each period that could be used to service debt, pay taxes and fund capital expenditures. EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. DISH QUARTERLY INVESTOR SUMMARY-3Q15

CONDENSED CONSOLIDATEDBALANCE SHEETS (Dollars in thousands, except share amounts)(Unaudited) September 30,December 31,Assets20152014Current Assets: Cash and cash equivalents 1,244,381$ 7,104,496$ Marketable investment securities368,651 2,131,745 Trade accounts receivable - other, net of allowance for doubtful accounts of $17,583 and $23,603, respectively 868,136 920,103 Trade accounts receivable - EchoStar, net of allowance for doubtful accounts of zero 37,005 31,390 Inventory .408,624 493,754 Deferred tax assets 25,667 25,667 Derivative financial instruments .566,650 383,460 FCC auction deposits .9,995,567 1,320,000 Other current assets 111,132 167,119 Total current assets .13,625,813 12,577,734 Noncurrent Assets: Restricted cash and marketable investment securities .82,495 86,984 Property and equipment, net 3,754,714 3,773,539 FCC authorizations 4,968,171 4,968,171 Other investment securities 327,250 327,250 Other noncurrent assets, net 344,516 337,530 Total noncurrent assets 9,477,146 9,493,474 Total assets .23,102,959$ 22,071,208$ Liabilities and Stockholders' Equity (Deficit)Current Liabilities: Trade accounts payable - other .197,536$ 165,324$ Trade accounts payable - EchoStar 247,448 251,669 Deferred revenue and other 894,720 891,373 Accrued programming 1,583,988 1,376,130 Accrued interest .201,479 227,158 Other accrued expenses 607,401 519,404 Current portion of long-term debt and capital lease obligations .1,533,339 681,467 Total current liabilities .5,265,911 4,112,525 Long-Term Obligations, Net of Current Portion: Long-term debt and capital lease obligations, net of current portion 12,228,276 13,746,059 Deferred tax liabilities .2,071,574 1,882,711 Long-term deferred revenue, distribution and carriage payments and other long-term liabilities 407,336 276,281 Total long-term obligations, net of current portion 14,707,186 15,905,051 Total liabilities 19,973,097 20,017,576 Commitments and ContingenciesRedeemable noncontrolling interests .274,344 41,498 Stockholders’ Equity (Deficit): Class A common stock, $.01 par value, 1,600,000,000 shares authorized, 280,915,345 and 279,406,646 shares issued, 224,797,085 and 223,288,386 shares outstanding, respectively .2,809 2,794 Class B common stock, $.01 par value, 800,000,000 shares authorized, 238,435,208 shares issued and outstanding 2,384 2,384 Additional paid-in capital 2,751,599 2,678,791 Accumulated other comprehensive income (loss) .72,200 174,507 Accumulated earnings (deficit) .1,596,379 723,992 Treasury stock, at cost .(1,569,459) (1,569,459) Total DISH Network stockholders’ equity (deficit) 2,855,912 2,013,009 Noncontrolling interests (394) (875) Total stockholders’ equity (deficit) 2,855,518 2,012,134 Total liabilities and stockholders’ equity (deficit) 23,102,959$ 22,071,208$ 8 DISH QUARTERLY INVESTOR SUMMARY–3Q15 DISH QUARTERLY INVESTOR SUMMARY-3Q15

 CONDENSED CONSOLIDATEDSTATEMENTS OF OPERATIONS(Dollars in thousands, except per share amounts)(Unaudited) 2015 2014 2015 2014 Revenue: Subscriber-related revenue .3,704,259$ 3,647,850 $ 11,199,205 $ 10,849,138 $ Equipment sales and other revenue 16,641 16,268 52,056 64,786 Equipment sales, services and other revenue - EchoStar 12,665 15,233 38,957 47,744 Total revenue 3,733,565 3,679,351 11,290,218 10,961,668 Costs and Expenses (exclusive of depreciation shown separately below):Subscriber-related expenses 2,182,117 2,132,583 6,589,372 6,305,951 Satellite and transmission expenses 195,468 181,230 576,752 511,683 Cost of sales - equipment, services and other .18,787 24,240 73,087 82,198 Subscriber acquisition costs: Cost of sales - subscriber promotion subsidies 52,107 58,608 160,496 189,793 Other subscriber acquisition costs 250,852 264,200 678,424 770,487 Subscriber acquisition advertising 153,663 163,715 429,094 431,851 Total subscriber acquisition costs 456,622 486,523 1,268,014 1,392,131 General and administrative expenses .186,654 196,376 562,128 589,149 Depreciation and amortization 252,197 269,890 761,295 791,005 Total costs and expenses 3,291,845 3,290,842 9,830,648 9,672,117 Operating income (loss) 441,720 388,509 1,459,570 1,289,551 Other Income (Expense):Interest income 3,273 14,109 15,383 46,485 Interest expense, net of amounts capitalized (142,834) (143,405) (451,898) (472,168) Other, net 28,782 (56,089) 284,549 (52,444) Total other income (expense) (110,779) (185,385) (151,966) (478,127) Income (loss) before income taxes 330,941 203,124 1,307,604 811,424 Income tax (provision) benefit, net .(128,331) (60,089) (419,416) (290,443) Net income (loss) .202,610 143,035 888,188 520,981 Less: Net income (loss) attributable to noncontrolling interests, net of tax 6,131 (2,484) 15,801 (13,782) Net income (loss) attributable to DISH Network .196,479$ 145,519$ 872,387$ 534,763$ Weighted-average common shares outstanding - Class A and B common stock: Basic 463,190 460,754 462,740 459,688 Diluted 464,702 463,202 464,598 462,537 Earnings per share - Class A and B common stock:Basic net income (loss) per share attributable to DISH Network .0.42$ 0.32$ 1.89$ 1.16$ Diluted net income (loss) per share attributable to DISH Network 0.42$ 0.31$ 1.88$ 1.16

CONDENSED CONSOLIDATEDSTATEMENTS OF CASH FLOWS(In thousands)(Unaudited) 20152014Cash Flows From Operating Activities:Net income (loss) 888,188$ 520,981$ Adjustments to reconcile net income (loss) to net cash flows from operating activities: Depreciation and amortization 761,295 791,005 Realized and unrealized losses (gains) on investments (291,438) 45,498 Non-cash, stock-based compensation 17,714 24,958 Deferred tax expense (benefit) 157,183 68,050 Change in long-term deferred revenue, distribution and carriage payments and other long-term liabilities .130,107 78,543 Other, net 11,741 63,524 Changes in current assets and current liabilities, net 555,247 194,121 Net cash flows from operating activities from continuing operations .2,230,037 1,786,680 Net cash flows from operating activities from discontinued operations, net - (30,007) Cash Flows From Investing Activities:Purchases of marketable investment securities (179,296) (3,796,993) Sales and maturities of marketable investment securities.1,987,485 4,430,261 Purchases of property and equipment. (793,302) (917,456) Purchases of FCC authorizations - H Block wireless spectrum licenses .- (1,343,372) AWS-3 FCC license deposits .(9,075,567) - AWS-3 FCC deposit refund 400,000 - Other, net. 3,594 43,849 Net cash flows from investing activities from continuing operations (7,657,086) (1,583,711) Net cash flows from investing activities from discontinued operations, net, including $0 and $0 of purchases of property and equipment, respectively - 20,847 Cash Flows From Financing Activities:Redemption and repurchases of long-term debt (650,001) (199,999) Capital contributions from Northstar Manager and SNR Management 204,200 - Repayment of long-term debt and capital lease obligations (23,470) (23,500) Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan .21,285 37,352 Other, net .14,920 33,712 Net cash flows from financing activities from continuing operations (433,066) (152,435) Net increase (decrease) in cash and cash equivalents from continuing operations (5,860,115) 50,534 Cash and cash equivalents, beginning of period from continuing operations .7,104,496 4,700,022 Cash and cash equivalents, end of period from continuing operations .1,244,381$ 4,750,556$ Net increase (decrease) in cash and cash equivalents from discontinued operations - (9,160) Cash and cash equivalents, beginning of period from discontinued operations .- 9,160

RESULTS OF OPERATIONS3Q15 VS. 3Q14(In thousands)(Unaudited) For the Three MonthsEnded September 30,Statements of Operations Data20152014Amount%Revenue:Subscriber-related revenue 3,704,259$ 3,647,850$ 56,409$ 1.5 Equipment sales and other revenue 16,641 16,268 373 2.3 Equipment sales, services and other revenue - EchoStar .12,665 15,233 (2,568) (16.9) Total revenue 3,733,565 3,679,351 54,214 1.5 Costs and Expenses: Subscriber-related expenses .2,182,117 2,132,583 49,534 2.3 % of Subscriber-related revenue .58.9%58.5% Satellite and transmission expenses .195,468 181,230 14,238 7.9 % of Subscriber-related revenue .5.3%5.0% Cost of sales - equipment, services and other 18,787 24,240 (5,453) (22.5) Subscriber acquisition costs 456,622 486,523 (29,901) (6.1) General and administrative expenses .186,654 196,376 (9,722) (5.0) % of Total revenue 5.0%5.3% Depreciation and amortization 252,197 269,890 (17,693) (6.6) Total costs and expenses .3,291,845 3,290,842 1,003 0.0 Operating income (loss) 441,720 388,509 53,211 13.7 Other Income (Expense):Interest income .3,273 14,109 (10,836) (76.8) Interest expense, net of amounts capitalized .(142,834) (143,405) 571 0.4 Other, net 28,782 (56,089) 84,871 * Total other income (expense) (110,779) (185,385) 74,606 40.2 Income (loss) before income taxes .330,941 203,124 127,817 62.9 Income tax (provision) benefit, net .(128,331) (60,089) (68,242) * Effective tax rate .38.8%29.6%Net income (loss) 202,610 143,035 59,575 41.7 Less: Net income (loss) attributable to noncontrolling interests, net of tax .6,131 (2,484) 8,615 *Net income (loss) attributable to DISH Network .196,479$ 145,519$ 50,960$ 35.0 Other Data:Pay-TV subscribers, as of period end (in millions) .13.909 14.041 (0.132) (0.9) Pay-TV subscriber additions, gross (in millions) 0.751 0.691 0.060 8.7 Pay-TV subscriber additions, net (in millions) .(0.023) (0.012) (0.011) (91.7) Pay-TV average monthly subscriber churn rate (“Pay-TV churn rate”) 1.86%1.67%0.19%11.4 Pay-TV average subscriber acquisition cost per subscriber (“Pay-TV SAC”) 736$ 861$ (125)$ (14.5) Pay-TV average monthly revenue per subscriber (“Pay-TV ARPU”) 86.33$ 84.39$ 1.94$ 2.3 Broadband subscribers, as of period end (in millions) .0.608 0.553 0.055 9.9 Broadband subscriber additions, gross (in millions) 0.066 0.072 (0.006) (8.3) Broadband subscriber additions, net (in millions) .0.013 0.028 (0.015) (53.6) EBITDA .716,568$ 604,794$ 111,774$ 18.5

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of DISH Network Corporation to be materiallydifferentfromanyfutureresults, performance or achievements expressed or implied by such forward-looking statements. More information about such risks, uncertainties, and other factors is set Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2014 and its quarterly reports on Form 10-Q for the quarterly periods ended March 31, 2015, June 30, 2015, and September 30, 2015. The forward-looking statements speak only as of the date made, and DISH Network Corporation expressly disclaims any obligation update these forward-looking statements. to forth in DISH Network Corporation’s Disclosure DISH QUARTERLY INVESTOR SUMMARY–3Q15 12