Posted: June 01, 2012
Colorado’s Top 100 Public Companies
Dish Network repeats as No. 1 – and touts bold 10-year planBy Mike Taylor
Dish Network Corp. was Colorado’s top public company for the second straight year in 2011, and the Englewood-based satellite TV provider isn’t resting on its laurels. Charlie Ergen, the company’s co-founder and chairman, announced at a conference on May 1 that Dish’s 10-year plan is to become a one-stop-shop for Internet, video and voice services, in the home and on mobile devices. (See the whole list.)
Dish’s revenues last year of $14 billion – an 11 percent increase from 2010 – led all publicly traded Colorado firms. The company also reported net income of $1.5 billion, a 54 percent jump from 2010.
Dish’s many acquisitions in 2011 included the purchase of movie-rental retailer Blockbuster out of bankruptcy. Dish announced in April it plans to move Blockbuster’s headquarters to Douglas County.
Meanwhile, Echostar Corp., the company spun off from Dish in 2008 that runs the majority of Dish’s satellites and other signal infrastruture, ranked 11th on the Top 100 Colorado Public Companies list for the second straight year with revenues of $2.8 billion last year representing an increase of 17 percent over 2010.
While Dish announced it’s moving a company into Colorado, a couple of prominent public companies moved off the list. Greenwood village-based Emergency Medical Services Corp., last year’s No. 10, was acquired by the private equity firm Clayton, Dubilier & Rice in Feb. 2011. And ProLogis, formerly based in Denver and ranked No. 28 last year, merged with AMB Property Corp. in June 2011 and moved its headquarters to San Francisco.
Mike Taylor is the managing editor of ColoradoBiz. He writes about small-business money issues and how startups are launched. Email him at email@example.com.