Property and Equipment and Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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| Schedule of property and equipment |
| | | | | | | | | | | | | Depreciable | | As of | | | Life | | September 30, | | December 31, | | | (In Years) | | 2025 | | 2024 | | | | | | | | (In thousands) | Equipment leased to customers | | 2 | - | 5 | | $ | 1,699,486 | | $ | 1,784,801 | Satellites (1) | | 5 | - | 15 | | | 3,435,260 | | | 3,872,664 | Satellites acquired under finance lease agreements | | | 15 | | | | 358,754 | | | 344,972 | Furniture, fixtures, equipment and other | | 1 | - | 20 | | | 1,602,421 | | | 1,686,992 | 5G Network equipment/Hybrid MNO (1)(2) | | 3 | - | 15 | | | 89,633 | | | 5,382,706 | Software and computer equipment (1) | | 1 | - | 8 | | | 1,625,774 | | | 2,216,007 | Buildings and improvements | | 1 | - | 40 | | | 515,635 | | | 513,419 | Land | | | - | | | | 42,985 | | | 42,842 | Construction in progress (1) | | | - | | | | 484,256 | | | 1,570,275 | Total property and equipment | | | | | | | 9,854,204 | | | 17,414,678 | Accumulated depreciation | | | | | | | (6,769,411) | | | (8,227,546) | Property and equipment, net (3) | | | | | | $ | 3,084,793 | | $ | 9,187,132 |
| (1) | This change primarily resulted from the non-cash impairment of long-lived assets. See Note 1 for further information. |
| (2) | Historically, includes 5G Network assets acquired under finance lease agreements. |
| (3) | As of September 30, 2025 and December 31, 2024, there were no refunds and other receipts of purchases of property and equipment. |
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| Schedule of depreciation and amortization expense |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Nine Months Ended | | | September 30, | | September 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | (In thousands) | Equipment leased to customers | | $ | 56,221 | | $ | 83,778 | | $ | 177,243 | | $ | 214,723 | Satellites | | | 55,829 | | | 74,464 | | | 186,092 | | | 225,365 | Buildings, furniture, fixtures, equipment and other | | | 24,106 | | | 20,685 | | | 85,377 | | | 96,105 | 5G Network equipment/Hybrid MNO | | | 159,115 | | | 187,281 | | | 584,029 | | | 533,575 | Software and computer equipment | | | 82,517 | | | 94,193 | | | 298,677 | | | 278,746 | Intangible assets and other amortization expense | | | 13,503 | | | 17,033 | | | 41,261 | | | 121,845 | Total depreciation and amortization | | $ | 391,291 | | $ | 477,434 | | $ | 1,372,679 | | $ | 1,470,359 |
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| Schedule of asset retirement obligations |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Nine Months Ended | | | September 30, | | September 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | (In thousands) | Balance, beginning of period | | $ | 347,720 | | $ | 300,475 | | $ | 327,031 | | $ | 278,287 | Liabilities incurred | | | 337 | | | 5,051 | | | 5,222 | | | 14,010 | Accretion expense | | | 9,115 | | | 7,114 | | | 24,919 | | | 20,343 | Remeasurement of estimate | | | 80,459 | | | — | | | 80,459 | | | — | Balance, end of period | | $ | 437,631 | | $ | 312,640 | | $ | 437,631 | | $ | 312,640 |
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| Pay-TV |
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| Schedule of satellites |
As of September 30, 2025, our Pay-TV segment satellite fleet consisted of the following: | | | | | | | | | | | 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 | | 119 | | 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 | EchoStar XXVI | | 2028 | | 119 | | N/A | | | | | | | | Leased from Other Third-Party: | | | | | | | Nimiq 5 | | September 2009 | | 72.7 | | October 2029 |
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| Broadband and Satellite Services |
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| Schedule of satellites |
As of September 30, 2025, our Broadband and Satellite Services segment satellite fleet consisted of the following: | | | | | | | | | | | Degree | | Lease | | | Launch | | Orbital | | Termination | Satellites | | Date | | Location | | Date | Owned: | | | | | | | EchoStar XVII | | July 2012 | | 107 | | N/A | EchoStar XIX | | December 2016 | | 97.1 | | N/A | EchoStar XXI (1) | | June 2017 | | 10.25 | | 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 2030 |
| (1) | As of September 30, 2025, we impaired the EchoStar XXI satellite and wrote down the carrying value of the satellite to the estimated fair value of zero. See Note 1 for further information. |
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