Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting

Schedule of revenue and operating income by segment

	Pay-TV		Wireless		Eliminations		Consolidated Total
	(In thousands)
For the Year Ended December 31, 2024
Revenue
Revenue from external customers:
Service revenue	$	10,613,640	$	3,156,760	$	—	$	13,770,400
Equipment sales and other revenue		72,841		449,417		—		522,258
Intersegment revenue		1,723		—		(1,723)		—
Total Revenue		10,688,204		3,606,177		(1,723)		14,292,658
Operating Expenses
Cost of services:
Programming		5,060,083		—		—		5,060,083
Connectivity services (1)		224,112		2,566,462		(1,487)		2,789,087
Other (2)		1,262,311		529,328		426		1,792,065
Total cost of services		6,546,506		3,095,790		(1,061)		9,641,235
Cost of services - equipment and other		80,271		1,250,656		—		1,330,927
Selling, general and administrative expenses:
Subscriber acquisition costs		425,227		650,794		(11)		1,076,010
Selling, general and administrative expenses		650,735		301,823		(651)		951,907
Total selling, general and administrative expenses		1,075,962		952,617		(662)		2,027,917
OIBDA (3)		2,985,465		(1,692,886)		—		1,292,579
Depreciation and amortization		337,331		1,134,873		—		1,472,204
Total costs and expenses		8,040,070		6,433,936		(1,723)		14,472,283
Operating income (loss)	$	2,648,134	$	(2,827,759)	$	—		(179,625)
Unallocated Amounts
Interest income								54,059
Interest expense, net of amounts capitalized								(690,222)
Other, net								742,705
Income (loss) before income taxes							$	(73,083)

(1) “Connectivity services” is the cost to deliver our services and products to customers, which includes, among other things, network, transport and data, cloud based service, satellite and transmission, and other related costs.

(2) “Other” primarily consists of variable costs including call center, manufacturing, dealer incentive, bad debt, billing and other variable costs, as well as costs to retain our subscribers.

(3) OIBDA is a non-GAAP measure and does not purport to be an alternative to operating income (loss) as a measure of operating performance. We believe this measure is useful to management, investors and other users of our financial information in evaluating operating profitability of our business segments on a more variable cost basis as it excludes the depreciation and amortization expenses related primarily to capital expenditures and acquisitions for those business segments, as well as in evaluating operating performance in relation to our competitors.

	Pay-TV		Wireless		Eliminations		Consolidated Total
	(In thousands)
For the Year Ended December 31, 2023
Revenue
Revenue from external customers:
Service revenue	$	11,384,460	$	3,337,222	$	—	$	14,721,682
Equipment sales and other revenue		178,486		394,920		—		573,406
Intersegment revenue		8,213		18		(8,231)		—
Total Revenue		11,571,159		3,732,160		(8,231)		15,295,088
Operating Expenses
Cost of services:
Programming		5,301,968		—		—		5,301,968
Connectivity services		245,716		1,530,184		—		1,775,900
Other		1,429,944		482,149		—		1,912,093
Total cost of services		6,977,628		2,012,333		—		8,989,961
Cost of services - equipment and other		91,164		2,110,706		—		2,201,870
Selling, general and administrative expenses:
Subscriber acquisition costs		687,338		701,814		(1,502)		1,387,650
Selling, general and administrative expenses		727,470		412,671		(6,729)		1,133,412
Total selling, general and administrative expenses		1,414,808		1,114,485		(8,231)		2,521,062
Impairments for long-lived assets and goodwill		6,457		218,560		—		225,017
OIBDA		3,081,102		(1,723,924)		—		1,357,178
Depreciation and amortization		381,292		800,629		—		1,181,921
Total costs and expenses		8,871,349		6,256,713		(8,231)		15,119,831
Operating income (loss)	$	2,699,810	$	(2,524,553)	$	—		175,257
Unallocated Amounts
Interest income								105,416
Interest expense, net of amounts capitalized								(38,881)
Other, net								(1,741,876)
Income (loss) before income taxes							$	(1,500,084)

	Pay-TV		Wireless		Eliminations		Consolidated Total
	(In thousands)
For the Year Ended December 31, 2022
Revenue
Revenue from external customers:
Service revenue	$	12,360,392	$	3,653,892	$	—	$	16,014,284
Equipment sales and other revenue		139,013		526,110		—		665,123
Intersegment revenue		5,987		16		(6,003)		—
Total Revenue		12,505,392		4,180,018		(6,003)		16,679,407
Operating Expenses
Cost of services:
Programming		5,584,877		—		—		5,584,877
Connectivity services		261,942		1,680,811		(16)		1,942,737
Other		1,576,608		454,262		—		2,030,870
Total cost of services		7,423,427		2,135,073		(16)		9,558,484
Cost of services - equipment and other		97,315		1,715,276		—		1,812,591
Selling, general and administrative expenses:
Subscriber acquisition costs		879,620		512,721		(280)		1,392,061
Selling, general and administrative expenses		742,661		416,578		(5,707)		1,153,532
Total selling, general and administrative expenses		1,622,281		929,299		(5,987)		2,545,593
OIBDA		3,362,369		(599,630)		—		2,762,739
Depreciation and amortization		428,471		288,602		—		717,073
Total costs and expenses		9,571,494		5,068,250		(6,003)		14,633,741
Operating income (loss)	$	2,933,898	$	(888,232)	$	—		2,045,666
Unallocated Amounts
Interest income								42,776
Interest expense, net of amounts capitalized								(22,781)
Other, net								1,038,982
Income (loss) before income taxes							$	3,104,643

Schedule of long-lived assets by segment

	Pay-TV		Wireless		Total
	(In thousands)
For the Year Ended December 31, 2024
Purchases of property and equipment, net of refunds (including capitalized interest related to regulatory authorizations)	$	172,309	$	1,985,630	$	2,157,939
For the Year Ended December 31, 2023
Purchases of property and equipment, net of refunds (including capitalized interest related to regulatory authorizations)	$	242,736	$	3,748,624	$	3,991,360
For the Year Ended December 31, 2022
Purchases of property and equipment, net of refunds (including capitalized interest related to regulatory authorizations)	$	131,093	$	3,580,518	$	3,711,611

Revenue from external customers disaggregated by major revenue source

	For the Years Ended December 31,
Category:	2024		2023		2022
	(In thousands)
Pay-TV subscriber and related revenue	$	10,613,653	$	11,385,961	$	12,360,601
Wireless services and related revenue		3,156,760		3,337,240		3,653,909
Pay-TV equipment sales and other revenue		74,551		185,198		144,791
Wireless equipment sales and other revenue		449,417		394,920		526,109
Eliminations		(1,723)		(8,231)		(6,003)
Total	$	14,292,658	$	15,295,088	$	16,679,407