v3.24.2.u1
Property and Equipment and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Schedule of property and equipment

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Depreciable

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As of

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Life

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June 30,

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December 31,

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(In Years)

    

2024

    

2023

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(In thousands)

Equipment leased to customers

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2

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-

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5

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$

1,845,064

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$

1,977,450

Satellites (1)

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5

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-

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15

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3,876,501

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4,168,766

Satellites acquired under finance lease agreements

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15

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698,978

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712,832

Furniture, fixtures, equipment and other

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1

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-

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20

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1,689,817

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1,691,389

5G Network Deployment equipment (2)

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3

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-

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15

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4,650,124

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4,263,327

Software and computer equipment

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2

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-

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6

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2,693,648

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2,503,597

Buildings and improvements (3)

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1

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-

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40

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511,861

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538,815

Land (3)

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-

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42,891

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46,675

Construction in progress

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-

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1,874,303

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1,844,338

Total property and equipment

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17,883,187

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17,747,189

Accumulated depreciation

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(8,455,995)

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(8,185,355)

Property and equipment, net

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$

9,427,192

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$

9,561,834

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(1)The Spaceway 3 satellite was deorbited in January 2024.
(2)Includes 5G Network Deployment assets acquired under finance lease agreements.
(3)This decrease resulted from the sale of certain assets to CONX Corp., which closed May 1, 2024. See Note 13 for further information.

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Schedule of depreciation and amortization expense

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For the Three Months Ended 

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For the Six Months Ended 

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June 30,

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June 30,

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2024

    

2023

    

2024

    

2023

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(In thousands)

Equipment leased to customers

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$

59,178

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$

87,210

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$

130,945

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$

176,100

Satellites

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75,323

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64,863

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150,901

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131,067

Buildings, furniture, fixtures, equipment and other

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47,707

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26,231

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75,420

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50,478

5G Network Deployment equipment

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179,473

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75,730

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346,294

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136,881

Software and computer equipment

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95,866

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62,221

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184,553

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114,979

Intangible assets and other amortization expense

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49,978

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54,378

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104,812

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108,882

Total depreciation and amortization

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$

507,525

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$

370,633

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$

992,925

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$

718,387

Schedule of asset retirement obligations

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For the Three Months Ended 

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For the Six Months Ended 

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June 30,

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June 30,

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2024

    

2023

 

2024

    

2023

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(In thousands)

Balance at beginning of period

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$

289,059

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$

218,795

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$

278,287

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$

183,135

Liabilities incurred

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4,651

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22,797

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8,959

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54,351

Accretion expense

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6,765

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5,064

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13,229

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9,170

Revision to estimated cash flows

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—

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—

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—

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—

Balance at end of period

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$

300,475

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$

246,656

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$

300,475

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$

246,656

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Total included in Other long-term liabilities

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$

300,475

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$

246,656

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$

300,475

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$

246,656

Pay-TV  
Schedule Of satellites

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Degree

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Lease

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Launch

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Orbital

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Termination 

Satellites

    

Date

    

Location

    

Date

Owned:

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EchoStar X

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February 2006

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110

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N/A

EchoStar XI

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July 2008

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110

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N/A

EchoStar XIV

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March 2010

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119

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N/A

EchoStar XV

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July 2010

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61.5

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N/A

EchoStar XVI

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November 2012

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61.5

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N/A

EchoStar XVIII

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June 2016

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61.5

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N/A

EchoStar XXIII

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March 2017

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110

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N/A

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Under Construction:

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EchoStar XXV

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2026

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110

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N/A

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Leased from Other Third-Party:

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Anik F3

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April 2007

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118.7

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April 2025

Nimiq 5

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September 2009

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72.7

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September 2024

Broadband and Satellite Services  
Schedule Of satellites

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Degree

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Lease

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Launch

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Orbital

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Termination 

Satellites

    

Date

    

Location

    

Date

Owned:

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EchoStar IX

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August 2003

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121

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N/A

EchoStar XVII

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July 2012

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107

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N/A

EchoStar XIX

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December 2016

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97.1

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N/A

EchoStar XXI

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June 2017

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10.25

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N/A

Al Yah 3

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January 2018

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20

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N/A

EchoStar XXIV

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July 2023

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95.2

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N/A

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Leased from Other Third-Party:

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Eutelsat 65 West A

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March 2016

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65

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July 2031

Telesat T19V

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July 2018

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63

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August 2033

EchoStar 105/SES-11

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October 2017

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105

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November 2028

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