Property and Equipment and Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2024 |
| Schedule of property and equipment |
| | | | | | | | | | | | | | | Depreciable | | As of | | | Life | | June 30, | | December 31, | | | (In Years) | | 2024 | | 2023 | | | | | | | | | | (In thousands) | Equipment leased to customers | | 2 | | - | | 5 | | $ | 1,845,064 | | $ | 1,977,450 | Satellites (1) | | 5 | | - | | 15 | | | 3,876,501 | | | 4,168,766 | Satellites acquired under finance lease agreements | | | | 15 | | | | | 698,978 | | | 712,832 | Furniture, fixtures, equipment and other | | 1 | | - | | 20 | | | 1,689,817 | | | 1,691,389 | 5G Network Deployment equipment (2) | | 3 | | - | | 15 | | | 4,650,124 | | | 4,263,327 | Software and computer equipment | | 2 | | - | | 6 | | | 2,693,648 | | | 2,503,597 | Buildings and improvements (3) | | 1 | | - | | 40 | | | 511,861 | | | 538,815 | Land (3) | | | | - | | | | | 42,891 | | | 46,675 | Construction in progress | | | | - | | | | | 1,874,303 | | | 1,844,338 | Total property and equipment | | | | | | | | | 17,883,187 | | | 17,747,189 | Accumulated depreciation | | | | | | | | | (8,455,995) | | | (8,185,355) | Property and equipment, net | | | | | | | | $ | 9,427,192 | | $ | 9,561,834 | | | | | | | | | | | | | |
| (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 |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | | | (In thousands) | Equipment leased to customers | | $ | 59,178 | | $ | 87,210 | | $ | 130,945 | | $ | 176,100 | Satellites | | | 75,323 | | | 64,863 | | | 150,901 | | | 131,067 | Buildings, furniture, fixtures, equipment and other | | | 47,707 | | | 26,231 | | | 75,420 | | | 50,478 | 5G Network Deployment equipment | | | 179,473 | | | 75,730 | | | 346,294 | | | 136,881 | Software and computer equipment | | | 95,866 | | | 62,221 | | | 184,553 | | | 114,979 | Intangible assets and other amortization expense | | | 49,978 | | | 54,378 | | | 104,812 | | | 108,882 | Total depreciation and amortization | | $ | 507,525 | | $ | 370,633 | | $ | 992,925 | | $ | 718,387 |
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| Schedule of asset retirement obligations |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | | | (In thousands) | Balance at beginning of period | | $ | 289,059 | | $ | 218,795 | | $ | 278,287 | | $ | 183,135 | Liabilities incurred | | | 4,651 | | | 22,797 | | | 8,959 | | | 54,351 | Accretion expense | | | 6,765 | | | 5,064 | | | 13,229 | | | 9,170 | Revision to estimated cash flows | | | — | | | — | | | — | | | — | Balance at end of period | | $ | 300,475 | | $ | 246,656 | | $ | 300,475 | | $ | 246,656 | | | | | | | | | | | | | | Total included in Other long-term liabilities | | $ | 300,475 | | $ | 246,656 | | $ | 300,475 | | $ | 246,656 |
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| Pay-TV |
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| Schedule Of satellites |
| | | | | | | | | | | Degree | | Lease | | | Launch | | Orbital | | Termination | Satellites | | Date | | Location | | Date | Owned: | | | | | | | EchoStar X | | February 2006 | | 110 | | N/A | EchoStar XI | | July 2008 | | 110 | | N/A | EchoStar XIV | | March 2010 | | 119 | | N/A | EchoStar XV | | July 2010 | | 61.5 | | N/A | EchoStar XVI | | November 2012 | | 61.5 | | N/A | EchoStar XVIII | | June 2016 | | 61.5 | | N/A | EchoStar XXIII | | March 2017 | | 110 | | N/A | | | | | | | | Under Construction: | | | | | | | EchoStar XXV | | 2026 | | 110 | | N/A | | | | | | | | Leased from Other Third-Party: | | | | | | | Anik F3 | | April 2007 | | 118.7 | | April 2025 | Nimiq 5 | | September 2009 | | 72.7 | | September 2024 |
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| Broadband and Satellite Services |
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| Schedule Of satellites |
| | | | | | | | | | | Degree | | Lease | | | Launch | | Orbital | | Termination | Satellites | | Date | | Location | | Date | Owned: | | | | | | | EchoStar IX | | August 2003 | | 121 | | N/A | EchoStar XVII | | July 2012 | | 107 | | N/A | EchoStar XIX | | December 2016 | | 97.1 | | N/A | EchoStar XXI | | June 2017 | | 10.25 | | N/A | Al Yah 3 | | January 2018 | | 20 | | N/A | EchoStar XXIV | | July 2023 | | 95.2 | | N/A | | | | | | | | Leased from Other Third-Party: | | | | | | | Eutelsat 65 West A | | March 2016 | | 65 | | July 2031 | Telesat T19V | | July 2018 | | 63 | | August 2033 | EchoStar 105/SES-11 | | October 2017 | | 105 | | November 2028 |
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