Property and Equipment and Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Property and Equipment and Intangible Assets |
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| Schedule of property and equipment |
| | | | | | | | | | | | | Depreciable | | As of | | | Life | | June 30, | | December 31, | | | (In Years) | | 2025 | | 2024 | | | | | | | | (In thousands) | Equipment leased to customers | | 2 | - | 5 | | $ | 941,313 | | $ | 1,005,750 | Satellites | | 9 | - | 15 | | | 1,718,865 | | | 1,718,865 | Furniture, fixtures, equipment and other | | 2 | - | 12 | | | 783,119 | | | 801,650 | 5G Network equipment (1) | | 3 | - | 15 | | | 5,672,959 | | | 5,382,706 | Software and computer equipment | | 2 | - | 8 | | | 1,980,215 | | | 1,816,749 | Buildings and improvements | | 5 | - | 40 | | | 335,995 | | | 334,213 | Land | | | - | | | | 12,041 | | | 12,041 | Construction in progress | | | - | | | | 1,498,158 | | | 1,544,726 | Total property and equipment | | | | | | | 12,942,665 | | | 12,616,700 | Accumulated depreciation | | | | | | | (6,011,239) | | | (5,387,611) | Property and equipment, net (2) | | | | | | $ | 6,931,426 | | $ | 7,229,089 |
| (1) | Includes 5G Network assets acquired under finance lease agreements. |
| (2) | As of June 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 Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | (In thousands) | Equipment leased to customers | | $ | 27,217 | | $ | 34,707 | | $ | 59,942 | | $ | 71,573 | Satellites | | | 25,190 | | | 32,956 | | | 52,126 | | | 65,911 | Buildings, furniture, fixtures, equipment and other | | | 15,190 | | | 16,019 | | | 26,583 | | | 21,127 | 5G Network equipment | | | 216,782 | | | 179,473 | | | 424,914 | | | 346,294 | Software and computer equipment | | | 100,970 | | | 87,845 | | | 201,978 | | | 168,514 | Intangible assets and other amortization expense | | | 3,436 | | | 40,110 | | | 6,923 | | | 84,765 | Total depreciation and amortization | | $ | 388,785 | | $ | 391,110 | | $ | 772,466 | | $ | 758,184 |
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| Summary of asset retirement obligations |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | (In thousands) | Balance, beginning of period | | $ | 338,506 | | $ | 289,059 | | $ | 327,031 | | $ | 278,287 | Liabilities incurred | | | 1,188 | | | 4,651 | | | 4,885 | | | 8,959 | Accretion expense | | | 8,026 | | | 6,765 | | | 15,804 | | | 13,229 | Balance, end of period | | $ | 347,720 | | $ | 300,475 | | $ | 347,720 | | $ | 300,475 |
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| Schedule of pay-TV satellite fleet |
As of June 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 (1) | | 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 |
| (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 was completed in July 2025. |
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