EchoStar CORP PP&E Disclosure
Depreciable | ||||||||||
Life | As of December 31, | |||||||||
| (In Years) | | 2025 | | 2024 | |||||
(In thousands) | ||||||||||
Equipment leased to customers (1) | 2 | - | 5 | $ | 964,013 | $ | 1,784,801 | |||
Satellites (1) | 5 | - | 15 | 2,104,134 | 3,872,664 | |||||
Satellites acquired under finance lease agreements (1) | 15 | 77,116 | 344,972 | |||||||
Furniture, fixtures, equipment and other (1) | 1 | - | 20 | 971,824 | 1,686,992 | |||||
5G Network equipment/Hybrid MNO (1)(2) | 3 | - | 15 | 89,604 | 5,382,706 | |||||
Software and computer equipment (1) | 1 | - | 8 | 1,341,690 | 2,216,007 | |||||
Buildings and improvements (1) | 1 | - | 40 | 419,719 | 513,419 | |||||
Land | - | 42,980 | 42,842 | |||||||
Construction in progress (1) | - | 514,662 | 1,570,275 | |||||||
Total property and equipment | 6,525,742 | 17,414,678 | ||||||||
Accumulated depreciation (1) | (4,282,227) | (8,227,546) | ||||||||
Property and equipment, net (3) | $ | 2,243,515 | $ | 9,187,132 | ||||||
| (1) | This change primarily resulted from the non-cash impairment of long-lived assets. See Note 1 for further information. |
| (2) | Historically, includes 5G Network assets acquired under finance lease agreements. |
| (3) | As of December 31, 2025 and 2024, there were no refunds and other receipts of purchases of property and equipment. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 24, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.