Segment Reporting

9 Months Ended

Sep. 30, 2024

Segment Reporting

Segment Reporting

10.Segment Reporting

Operating segments are components of an enterprise for which separate financial information is available and regularly evaluated by the chief operating decision maker(s) of an enterprise. Operating income is the primary measure used by our chief operating decision maker to evaluate segment operating performance. We currently operate three primary business segments: (1) Pay-TV; (2) Retail Wireless and (3) 5G Network Deployment. See Note 1 for further information.

All other and eliminations primarily include intersegment eliminations related to intercompany debt and the related interest income and interest expense, which are eliminated in consolidation.

The total assets, revenue and operating income, and purchases of property and equipment, net of refunds, (including capitalized interest related to Regulatory authorizations) by segment were as follows:

	As of
	September 30,		December 31,
	2024		2023
	(In thousands)
Assets:
Pay-TV (1)	$	53,425,068	$	49,437,958
Retail Wireless		600,618		777,957
5G Network Deployment (2)		39,526,142		46,793,378
Eliminations		(47,981,811)		(45,596,262)
Total assets	$	45,570,017	$	51,413,031

(1) The increase primarily resulted from the New DISH DBS Financing issuance of $2.5 billion. See Note 8 for further information.

(2) This change primarily resulted from the Sale and Transfer of Assets to EchoStar. See Note 1 for further information.

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
	(In thousands)
Revenue:
Pay-TV	$	2,618,031	$	2,807,101	$	8,020,893	$	8,754,372
Retail Wireless		895,949		890,980		2,693,330		2,794,087
5G Network Deployment		42,833		29,916		106,653		67,902
Eliminations		(41,496)		(23,481)		(97,400)		(43,286)
Total revenue	$	3,515,317	$	3,704,516	$	10,723,476	$	11,573,075
Operating income (loss):
Pay-TV	$	588,501	$	589,465	$	1,926,541	$	1,985,490
Retail Wireless		(113,792)		(168,166)		(309,571)		(298,872)
5G Network Deployment		(599,022)		(463,105)		(1,747,262)		(1,198,667)
Eliminations		(187)		—		—		—
Total operating income (loss)	$	(124,500)	$	(41,806)	$	(130,292)	$	487,951
Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations):
Pay-TV	$	53,357	$	64,331	$	119,111	$	167,524
5G Network Deployment		323,702		852,169		1,349,124		2,907,102
Total purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations)	$	377,059	$	916,500	$	1,468,235	$	3,074,626

The revenue from customers disaggregated by major revenue source was as follows:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
Category:	2024		2023		2024		2023
	(In thousands)
Pay-TV subscriber and related revenue	$	2,602,176	$	2,776,950	$	7,961,736	$	8,592,126
Retail wireless services and related revenue		778,737		814,267		2,368,138		2,535,296
Pay-TV equipment sales and other revenue		15,855		30,151		59,157		162,246
Retail wireless equipment sales and other revenue		117,212		76,713		325,192		258,791
5G network deployment equipment sales and other revenue (1)		42,833		29,916		106,653		67,902
Eliminations (1)		(41,496)		(23,481)		(97,400)		(43,286)
Total	$	3,515,317	$	3,704,516	$	10,723,476	$	11,573,075

(1) “5G network deployment equipment sales and other revenue” includes intercompany revenue.