Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments (Tables)

6 Months Ended

Jun. 30, 2024

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments

Schedule of marketable investment securities, restricted cash and cash equivalents, and other investments

	As of
	June 30,		December 31,
	2024		2023
	(In thousands)
Marketable investment securities:
Current marketable investment securities:
Strategic - available-for-sale	$	149	$	144
Strategic - trading/equity		10		7,799
Other		1		179
Total current marketable investment securities		160		8,122
Restricted marketable investment securities (1)		5,848		19,772
Total marketable investment securities		6,008		27,894
Restricted cash and cash equivalents (1)		115,544		89,107
Other investments, net:
Equity method investments (2)		22,766		126,179
Cost method investments		5,648		3,448
Fair value method investments		39,199		39,198
Total other investments, net		67,613		168,825
Total marketable investment securities, restricted cash and cash equivalents, and other investments, net	$	189,165	$	285,826

(1) Restricted marketable investment securities and restricted cash and cash equivalents are included in “Restricted cash, cash equivalents and marketable investment securities” on our Condensed Consolidated Balance Sheets.

(2) This change primarily resulted from the Sale and Transfer of Assets to EchoStar, see Note 1 for further information, and the decrease in our investment in Invidi Technologies Corporation, discussed below.

Schedule of fair value measurements

	As of
	June 30, 2024								December 31, 2023
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	230,168	$	184,866	$	45,302	$	—	$	347,976	$	304,410	$	43,566	$	—
Debt securities (including restricted):
U.S. Treasury and agency securities	$	5,848	$	5,848	$	—	$	—	$	7,567	$	7,567	$	—	$	—
Commercial paper		—		—		—		—		7,500		—		7,500		—
Corporate securities		—		—		—		—		4,705		—		4,705		—
Other		150		—		1		149		323		—		179		144
Equity securities		10		10		—		—		7,799		7,799		—		—
Total	$	6,008	$	5,858	$	1	$	149	$	27,894	$	15,366	$	12,384	$	144

Schedule of gains and losses on sales and changes in carrying amounts of investments and other

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
Other, net:	2024		2023		2024		2023
	(In thousands)
Marketable and non-marketable investment securities - realized and unrealized gains (losses)	$	(44)	$	1,720	$	(914)	$	1,412
Sale of Assets to EchoStar - realized gains (losses)		—		—		128,788		—
Derivative instruments - net realized and/or unrealized gains (losses)		—		(8,013)		—		(36,974)
Gains (losses) related to early redemption of debt		—		68,037		—		68,086
Equity in earnings (losses) of affiliates		(64,204)		(929)		(64,912)		(2,380)
Other		(229)		477		(97)		627
Total	$	(64,477)	$	61,292	$	62,865	$	30,771