Property and Equipment and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Property and Equipment and Intangible Assets

Schedule of property and equipment

	Depreciable			As of
	Life			March 31,		December 31,
	(In Years)			2025		2024
				(In thousands)
Equipment leased to customers	2	-	5	$	972,523	$	1,005,750
Satellites	6	-	15		1,718,865		1,718,865
Furniture, fixtures, equipment and other	2	-	12		802,216		801,650
5G Network equipment (1)	3	-	15		5,594,388		5,382,706
Software and computer equipment	2	-	8		1,886,236		1,816,749
Buildings and improvements	5	-	40		335,875		334,213
Land		-			12,041		12,041
Construction in progress		-			1,461,157		1,544,726
Total property and equipment					12,783,301		12,616,700
Accumulated depreciation					(5,703,143)		(5,387,611)
Property and equipment, net (2)				$	7,080,158	$	7,229,089

(1) Includes 5G Network assets acquired under finance lease agreements.

(2) As of March 31, 2025 and December 31, 2024, there were no refunds and other receipts of purchases of property and equipment.

Schedule of depreciation and amortization expense

	For the Three Months Ended
	March 31,
	2025		2024
	(In thousands)
Equipment leased to customers	$	32,725	$	36,866
Satellites		26,936		32,955
Buildings, furniture, fixtures, equipment and other		11,393		5,108
5G Network equipment		208,132		166,822
Software and computer equipment		101,008		80,669
Intangible assets and other amortization expense		3,487		44,654
Total depreciation and amortization	$	383,681	$	367,074

Summary of asset retirement obligations

	For the Three Months Ended
	March 31,
	2025		2024
	(In thousands)
Balance, beginning of period	$	327,031	$	278,287
Liabilities incurred		3,697		4,308
Accretion expense		7,778		6,464
Balance, end of period	$	338,506	$	289,059

Schedule of pay-TV satellite fleet

As of March 31, 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	61.5	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
Leased from Other Third-Party:
Anik F3 (2)	April 2007	118.7	April 2025
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 is expected to be completed by the third quarter of 2025.

(2) As of April 2025, we no longer lease this satellite.