OTHER INVESTMENTS

6 Months Ended

Jun. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

The following table presents our Other investments, net:


	As of
	June 30, 2023		December 31, 2022
Other investments, net:
Equity method investments	$	47,025	$	83,523
Other equity investments	146,407		141,307
Other debt investments, net	—		131,875
Total other investments, net	$	193,432	$	356,705

Equity Method Investments

Deluxe/EchoStar LLC

We own 50% of Deluxe/EchoStar LLC (“Deluxe”), a joint venture that we entered into in 2010 to build an advanced digital cinema satellite distribution network targeting delivery to digitally equipped theaters in the U.S. and Canada.

Broadband Connectivity Solutions (Restricted) Limited

We own 20% of Broadband Connectivity Solutions (Restricted) Limited (together with its subsidiaries, “BCS”), a joint venture that we entered into in 2018 to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia operating over Yahsat's Al Yah 2 and Al Yah 3 Ka-band satellites. During the three months ended June 30, 2023, we recorded an impairment charge of $33.4 million related to our investment as a result of increased competition and the economic environment for this business. We estimated the fair value of our investment by using the combination of the discounted cash flow model and market value approach.

Financial Information for Our Equity Method Investments

The following table presents revenue recognized:


	For the three months ended June 30,				For the six months ended June 30,
	2023		2022		2023		2022
Deluxe	$	1,456	$	1,335	$	2,788	$	2,658
BCS	$	827	$	1,950	$	1,649	$	3,721

The following table presents trade accounts receivable:


	As of
	June 30, 2023		December 31, 2022
Deluxe	$	1,052	$	3,026
BCS	$	3,392	$	5,062

Other Equity Investments

We hold investments without readily determinable fair values in a number of equity securities that are accounted for as cost method investments, which are recorded at cost, less impairment, and adjusted for observable price changes for identical or similar investments of the same issuer. There were no adjustments made for impairments or observable price changes for the three and six months ended June 30, 2023.

The following table presents the activity on our investments:


	For the three months ended June 30,				For the six months ended June 30,
	2023		2022		2023		2022
Gain (loss) on investments, net	$	—	$	217	$	—	$	49,888

Other Debt Investments, Net

In April, 2023, we received full repayment with proceeds of $148.4 million related to our Other debt investments, net. As such, we recorded a gain of $7.6 million in Other income (expense), net as of June 30, 2023.