v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities:    
Net income (loss) $ (13,291,473) $ (459,634)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 1,372,679 1,470,359
Impairments and other (Note 1) 16,481,468  
Realized and unrealized losses (gains) and impairments on investments and other (28,884) 41,929
Asset sales and other (gains) losses (59,474) (50,418)
Non-cash, stock-based compensation 27,994 28,298
Interest expense paid in kind on long-term debt 95,120  
Deferred tax expense (benefit) (4,328,557) (85,300)
Changes in allowance for credit losses 8,756 8,037
Change in long-term deferred revenue and other long-term liabilities 36,677 15,996
Other, net 32,073 131,029
Changes in operating assets and operating liabilities, net (20,431) 106,848
Net cash flows from operating activities 325,948 1,207,144
Cash Flows From Investing Activities:    
Purchases of marketable investment securities (2,767,979) (29,166)
Sales and maturities of marketable investment securities 2,549,229 563,421
Purchases of property and equipment (Note 7) (807,632) (1,200,606)
Capitalized interest related to regulatory authorizations (Note 2) (676,311) (642,989)
Purchases of regulatory authorizations, including deposits   (1,104)
Sale of assets to CONX   26,719
Liberty Puerto Rico asset sale   95,435
Sale of Fiber business 47,207  
Other, net 5,444 10,892
Net cash flows from investing activities (1,650,042) (1,177,398)
Cash Flows From Financing Activities:    
Repayment of long-term debt, finance lease and other obligations (60,032) (101,197)
Redemption and repurchases of term loans, convertible and senior notes (622,716) (951,170)
Proceeds from issuance of convertible and senior notes 150,000  
Debt issuance costs and debt (discount) premium (946)  
Proceeds from New DISH DBS Financing   2,500,000
Debt issuance costs and debt (discount) premium from New DISH DBS Financing   (136,208)
Early debt extinguishment gains (losses) of convertible and senior notes 11,465  
Class A common stock repurchases (48,512)  
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan 35,846 4,347
Purchase of SNR Management's ownership interest in SNR HoldCo   (441,998)
Other, net (27,977) (4,185)
Net cash flows from financing activities (562,872) 869,589
Effect of exchange rates on cash and cash equivalents 2,991 (3,458)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents (1,883,975) 895,877
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 5) 4,593,804 1,911,601
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 5) $ 2,709,829 $ 2,807,478