| Property and Equipment |
Property and equipment consisted of the following: | | | | | | | | | | | | | Depreciable | | As of | | | Life | | March 31, | | December 31, | | | (In Years) | | 2025 | | 2024 | | | | | | | | (In thousands) | Equipment leased to customers | | 2 | - | 5 | | $ | 969,636 | | $ | 1,002,518 | EchoStar XV | | | 15 | | | | 277,658 | | | 277,658 | EchoStar XVIII | | | 15 | | | | 411,255 | | | 411,255 | Furniture, fixtures, equipment and other | | 2 | - | 10 | | | 746,984 | | | 746,585 | Software and computer equipment | | 3 | - | 5 | | | 684,378 | | | 670,503 | Buildings and improvements | | 5 | - | 40 | | | 290,162 | | | 288,573 | Land | | | - | | | | 12,007 | | | 12,007 | Construction in progress | | | - | | | | 36,726 | | | 34,232 | Total property and equipment | | | | | | | 3,428,806 | | | 3,443,331 | Accumulated depreciation | | | | | | | (2,828,218) | | | (2,818,562) | Property and equipment, net (1) | | | | | | $ | 600,588 | | $ | 624,769 | | | | | | | | | | | |
| (1) | As of March 31, 2025 and December 31, 2024, there were no refunds and other receipts of purchases of property and equipment. |
Depreciation and amortization expense consisted of the following: | | | | | | | | | For the Three Months Ended | | | March 31, | | | 2025 | | 2024 | | | | (In thousands) | Equipment leased to customers | | $ | 32,725 | | $ | 36,868 | Satellites | | | 11,482 | | | 20,073 | Buildings, furniture, fixtures, equipment and other | | | 5,933 | | | 4,008 | Software and computer equipment | | | 8,898 | | | 9,731 | Total depreciation and amortization | | $ | 59,038 | | $ | 70,680 | | | | | | | |
Cost of sales and operating expense categories included in our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) do not include depreciation and amortization expense related to satellites, equipment leased to customers or software. Satellites We currently utilize nine satellites in geosynchronous orbit approximately 22,300 miles above the equator, two of which we own and depreciate over their estimated useful life. We currently utilize certain capacity on six satellites that we lease from DISH Network, which are accounted for as operating leases. We also lease one satellite from a third party, the Anik F3 satellite, which is accounted for as an operating lease. As of March 31, 2025, our Pay-TV satellite fleet consisted of the following: | | | | | | | | | | | Degree | | | | | Launch | | Orbital | | Lease | Satellites | | Date | | Location | | Termination Date | Owned: | | | | | | | EchoStar XV (1) | | July 2010 | | 61.5 | | N/A | EchoStar XVIII | | June 2016 | | 61.5 | | N/A | | | | | | | | Under Construction: | | | | | | | EchoStar XXV | | 2026 | | 110 | | N/A | | | | | | | | Leased from DISH Network (2): | | | | | | | EchoStar X | | February 2006 | | 110 | | February 2026 | EchoStar XI | | July 2008 | | 110 | | February 2026 | EchoStar XIV | | March 2010 | | 119 | | February 2026 | EchoStar XVI | | November 2012 | | 61.5 | | January 2026 | EchoStar XXIII | | March 2017 | | 110 | | Month to Month | Nimiq 5 | | September 2009 | | 72.7 | | Month to Month | | | | | | | | Leased from Other Third-Party: | | | | | | | Anik F3 (3) | | April 2007 | | 118.7 | | April 2025 |
| (1) | During April 2025, the EchoStar XV satellite began the process of relocating from the 61.5 degree orbital location to the 119 degree orbital location. The relocation process is expected to be completed by the third quarter of 2025. |
| (2) | See Note 11 for further information on our Related Party Transactions with DISH Network. |
| (3) | As of April 2025, we no longer lease this satellite. |
Satellite Under Construction EchoStar XXV. On March 20, 2023, DISH Network entered into a contract with Maxar Space LLC for the construction of EchoStar XXV, a DBS satellite that is capable of providing service to the continental United States (“CONUS”) and is intended to be used at the 110 degree orbital location. During the fourth quarter of 2023, DISH Network entered into an agreement with Space Exploration Technologies Corp (“SpaceX”) for launch services for this satellite, which is expected to be launched during 2026.
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