Other Investments

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

OTHER INVESTMENTS

OTHER INVESTMENTS

The following table presents our Other investments, net:

	As of
	September 30, 2022		December 31, 2021
Other investments, net:
Equity method investments	$	84,785	$	91,226
Other equity investments	141,307		91,636
Other debt investments, net	126,686		114,885
Total other investments, net	$	352,778	$	297,747

Equity Method Investments

Dish Mexico

During the fourth quarter of 2021, we concluded that our 49% investment in DISH Mexico, S. de R.L. de C.V. and its subsidiaries (“Dish Mexico”), was not recoverable. Subsequently, in August 2022, we effected our exit from this investment. Therefore, in the third quarter of 2022, in conjunction with our exit, we recognized a net loss of $28.3 million, primarily due to the reclassification of accumulated foreign currency translation adjustment losses from Accumulated Other Comprehensive Income (Loss) to Gains (losses) on investments, net in the Statement of Operations.

Deluxe/EchoStar LLC

We own 50% of Deluxe/EchoStar LLC (“Deluxe”), a joint venture that we entered into in 2010 to build an advanced digital cinema satellite distribution network targeting delivery to digitally equipped theaters in the U.S. and Canada.

Broadband Connectivity Solutions (Restricted) Limited

We own 20% of Broadband Connectivity Solutions (Restricted) Limited (together with its subsidiaries, “BCS”), a joint venture that we entered into in 2018 to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia operating over Yahsat's Al Yah 2 and Al Yah 3 Ka-band satellites.

Financial Information for Our Equity Method Investments

The following table presents revenue recognized:

	For the three months ended September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Deluxe	$	1,243	$	1,315	$	3,901	$	4,175
BCS	$	2,600	$	1,838	$	6,321	$	5,952

The following table presents trade accounts receivable:

	As of
	September 30, 2022		December 31, 2021
Deluxe	$	2,461	$	934
BCS	$	6,231	$	5,544

Other Equity Investments

The following table presents the activity on our investments:

	For the three months ended September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Gain (loss) on investments, net	$	—	$	5,000	$	49,888	$	21,256