v3.25.3
Organization and Business Activities (Tables)
9 Months Ended
Sep. 30, 2025
Organization and Business Activities  
Schedule Of impairments and other

For the Three and Nine Months Ended

    

September 30, 2025

Wireless

Broadband and Satellite Services

Total

(In thousands)

Prepaids and other (1)

$

391,431

$

541

$

391,972

Regulatory authorizations

5,359,211

50,306

5,409,517

Property and equipment, net

5,487,286

194,940

5,682,226

Operating lease assets (1)

4,191,133

4,191,133

Exit and disposal costs (2)

770,283

36,337

806,620

Impairments and other

$

16,199,344

$

282,124

$

16,481,468

(1)The developments discussed above resulted in, among other things, our review of communication tower lease obligations related to our 5G Network, through which we determined we will no longer take on any new communication tower leases, including those under our take or pay arrangements with certain vendors. Consequently, all future cash flows associated with certain communication tower leases not previously commenced under the take or pay arrangements were attributed to existing leases and certain lease liabilities were remeasured and we recorded $1.284 billion as an ROU asset and liability on our Condensed Consolidated Balance Sheets as of September 30, 2025, and the ROU assets associated with such remeasured leases were impaired in the same period. As a result, a one-time charge for variable lease payment expense resulting from this remeasurement event of $457 million, which is included in “Prepaids and other,” and “Operating lease assets” related to our 5G Network was recorded in "Impairments and other" on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).
(2)Exit and disposal costs include, among other things, one-time employee termination benefits, costs to terminate contracts that are not a lease and other exit and disposal costs.
Schedule of activity in exit and disposal costs

One-Time Employee Termination Benefits

Contract Termination Costs

Total

(In thousands)

Balance, July 1, 2025

$

$

$

Costs incurred and charged to expense

14,192

792,428

806,620

Costs paid or settled

(4,234)

(6,489)

(10,723)

Other adjustments (1)

48,402

48,402

Accretion

4,475

4,475

Balance, September 30, 2025

$

9,958

$

838,816

$

848,774

(1)Primarily includes amounts for contracts previously accrued that are included in our exit and disposal costs as a result of the abandonment and decommission process for certain portions of our 5G Network that will not be utilized in our Hybrid MNO business model, discussed above.