Dish DBS 10-Q14 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Nov. 01, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	333-31929
Entity Registrant Name	DISH DBS Corporation
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	84-1328967
Entity Address, Address Line One	9601 South Meridian Boulevard
Entity Address, City or Town	Englewood
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
City Area Code	303
Local Phone Number	723-1000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,015
Entity Central Index Key	0001042642
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 339,685	$ 373,641
Current restricted cash and cash equivalents	2,047,489
Marketable investment securities		397
Trade accounts receivable, net of allowance for credit losses of $49,850 and $34,884, respectively	565,384	619,604
Advances to affiliates		421,457
Inventory	209,380	267,841
Interest receivable - DISH Network (Note 11)	$ 56,888	$ 17,761
Interest Receivable Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Prepaids and other assets	$ 128,859	$ 147,740
Other current assets	2,056	2,306
Total current assets	3,349,741	1,850,747
Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities	57,085	54,980
Property and equipment, net	652,887	808,065
Regulatory authorizations, net	611,794	611,794
Other investments, net	21,590	90,168
Operating lease assets	86,966	92,972
Notes Receivable - DISH Network, including interest (Note 11)	$ 4,878,889	$ 7,515,077
Financing Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Other noncurrent assets, net	$ 104,983	$ 107,987
Total noncurrent assets	6,414,194	9,281,043
Total assets	9,763,935	11,131,790
Current Liabilities:
Trade accounts payable	185,176	248,640
Deferred revenue and other	427,901	505,361
Accrued programming	1,499,376	1,427,762
Accrued interest	222,978	160,137
Other accrued expenses and liabilities	421,893	415,109
Current portion of debt, finance lease and other obligations (Note 7)	2,465,256	2,023,976
Total current liabilities	5,222,580	4,780,985
Long-Term Obligations, Net of Current Portion:
Long-term debt, finance lease and other obligations, net of current portion (Note 7)	11,638,420	9,755,538
Deferred tax liabilities, net	223,775	268,170
Operating lease liabilities	53,115	61,381
Long-term deferred revenue and other long-term liabilities	225,436	211,414
Total long-term obligations, net of current portion	12,140,746	10,296,503
Total liabilities	17,363,326	15,077,488
Commitments and Contingencies (Note 8)
Stockholder's Equity (Deficit):
Additional paid-in capital	1,555,819	1,547,164
Accumulated other comprehensive income (loss)	(2,624)	(2,501)
Accumulated earnings (deficit)	(9,152,586)	(5,490,361)
Total stockholder's equity (deficit)	(7,599,391)	(3,945,698)
Total liabilities and stockholder's equity (deficit)	$ 9,763,935	$ 11,131,790

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Allowance for credit losses	$ 49,850	$ 34,884
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	1,015	1,015
Common stock, shares outstanding	1,015	1,015

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Total revenue	$ 2,601,802	$ 2,783,387	$ 7,968,297	$ 8,680,957
Costs and Expenses (exclusive of depreciation and amortization):
Cost of services	1,675,206	1,749,627	5,049,403	5,388,456
Cost of sales - equipment and other	18,157	24,881	48,963	64,619
Selling, general and administrative expenses	273,792	356,125	821,486	1,072,027
Depreciation and amortization	73,290	70,474	214,309	236,206
Total costs and expenses	2,040,445	2,201,107	6,134,161	6,761,308
Operating income (loss)	561,357	582,280	1,834,136	1,919,649
Other Income (Expense):
Interest income	79,312	112,715	210,678	344,505
Interest expense, net of amounts capitalized	(184,543)	(184,407)	(554,184)	(567,718)
Other, net	(3,270)	65	(68,135)	(609)
Total other income (expense)	(108,501)	(71,627)	(411,641)	(223,822)
Income (loss) before income taxes	452,856	510,653	1,422,495	1,695,827
Income tax (provision) benefit, net	(113,029)	(121,899)	(366,203)	(416,152)
Net income (loss)	339,827	388,754	1,056,292	1,279,675
Comprehensive Income (Loss):
Net income (loss)	339,827	388,754	1,056,292	1,279,675
Other comprehensive income (loss):
Foreign currency translation adjustments	(123)	(200)	(128)	(11)
Unrealized holding gains (losses) on available-for-sale debt securities		(1)		12
Deferred income tax (expense) benefit, net	7	(4)	5	(24)
Total other comprehensive income (loss), net of tax	(116)	(205)	(123)	(23)
Comprehensive income (loss)	339,711	388,549	1,056,169	1,279,652
Service revenue
Revenue:
Total revenue	2,590,379	2,761,678	7,922,880	8,541,867
Equipment sales and other revenue
Revenue:
Total revenue	$ 11,423	$ 21,709	$ 45,417	$ 139,090

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY (DEFICIT) - USD ($) $ in Thousands	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Earnings (Deficit)	Total
Balance at Dec. 31, 2022	$ 1,532,906	$ (2,445)	$ (7,234,990)	$ (5,704,529)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	6,131			6,131
Other comprehensive income (loss)		135		135
Net income (loss)			433,283	433,283
Balance at Mar. 31, 2023	1,539,037	(2,310)	(6,801,707)	(5,264,980)
Balance at Dec. 31, 2022	1,532,906	(2,445)	(7,234,990)	(5,704,529)
Increase (Decrease) in Stockholder's Equity
Other comprehensive income (loss)				(23)
Net income (loss)				1,279,675
Balance at Sep. 30, 2023	1,545,606	(2,468)	(5,955,315)	(4,412,177)
Balance at Mar. 31, 2023	1,539,037	(2,310)	(6,801,707)	(5,264,980)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	4,273			4,273
Other comprehensive income (loss)		47		47
Net income (loss)			457,638	457,638
Balance at Jun. 30, 2023	1,543,310	(2,263)	(6,344,069)	(4,803,022)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	2,296			2,296
Other comprehensive income (loss)		(205)		(205)
Net income (loss)			388,754	388,754
Balance at Sep. 30, 2023	1,545,606	(2,468)	(5,955,315)	(4,412,177)
Balance at Dec. 31, 2023	1,547,164	(2,501)	(5,490,361)	(3,945,698)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	1,987			1,987
Other comprehensive income (loss)		16		16
Intercompany Loan - 2026 Tranche			(4,718,517)	(4,718,517)
Net income (loss)			385,541	385,541
Balance at Mar. 31, 2024	1,549,151	(2,485)	(9,823,337)	(8,276,671)
Balance at Dec. 31, 2023	1,547,164	(2,501)	(5,490,361)	(3,945,698)
Increase (Decrease) in Stockholder's Equity
Other comprehensive income (loss)				(123)
Net income (loss)				1,056,292
Balance at Sep. 30, 2024	1,555,819	(2,624)	(9,152,586)	(7,599,391)
Balance at Mar. 31, 2024	1,549,151	(2,485)	(9,823,337)	(8,276,671)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	4,026			4,026
Other comprehensive income (loss)		(23)		(23)
Net income (loss)			330,924	330,924
Balance at Jun. 30, 2024	1,553,177	(2,508)	(9,492,413)	(7,941,744)
Increase (Decrease) in Stockholder's Equity
Non-cash, stock-based compensation	2,642			2,642
Other comprehensive income (loss)		(116)		(116)
Net income (loss)			339,827	339,827
Balance at Sep. 30, 2024	$ 1,555,819	$ (2,624)	$ (9,152,586)	$ (7,599,391)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows From Operating Activities:
Net income (loss)	$ 1,056,292	$ 1,279,675
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	214,309	236,206
Realized and unrealized losses (gains) on investments and other		(804)
Non-cash, stock-based compensation	8,655	12,700
Deferred tax expense (benefit)	(44,390)	(66,140)
Equity in (earnings) losses of affiliates	68,257	1,656
Changes in allowance for credit losses	14,966	4,404
Other, net	31,173	30,720
Non-cash interest income - DISH Network	(93,257)	(260,671)
Changes in current assets and current liabilities, net	57,212	(68,964)
Net cash flows from operating activities	1,313,217	1,168,782
Cash Flows From Investing Activities:
(Purchases) Sales and maturities of marketable investment securities, net	397	198,024
Purchases of property and equipment	(65,153)	(98,728)
Notes Receivable - DISH Network (Note 11)	(1,564,589)
Other, net	9,406	3,914
Net cash flows from investing activities	(1,619,939)	103,210
Cash Flows From Financing Activities:
Repayment of long-term debt and finance lease obligations	(41,432)	(39,987)
Proceeds from New DISH DBS Financing (Note 7)	2,500,000
Debt issuance costs and debt (discount) premium from New DISH DBS Financing	(136,208)
Redemption and repurchases of senior notes		(1,451,250)
Other, net		812
Net cash flows from financing activities	2,322,360	(1,490,425)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents	2,015,638	(218,433)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 4)	428,621	675,500
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 4)	$ 2,444,259	$ 457,067

Organization and Business Activ

Organization and Business Activities	9 Months Ended
Organization and Business Activities	Sep. 30, 2024
Organization and Business Activities
Organization and Business Activities	1. Organization and Business Activities Principal Business DISH DBS Corporation (which together with its subsidiaries is referred to as “DISH DBS,” “DDBS,” the “Company,” “we,” “us” and/or “our,” unless otherwise required by the context) is a holding company and an indirect, wholly-owned subsidiary of DISH Network Corporation (“DISH Network”), our parent company. DISH Network is a wholly-owned subsidiary of EchoStar Corporation (“EchoStar”), our ultimate parent company, a publicly traded company listed on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SATS.” DISH DBS was formed under Colorado law in January 1996 and its common stock is held by DISH Orbital Corporation (“DOC”), a direct subsidiary of DISH Network. Our subsidiaries operate one business segment, Pay-TV. Recent Developments DIRECTV Transaction On September 29, 2024, EchoStar and DIRECTV Holdings, LLC (“DTV”), entered into an Equity Purchase Agreement (the “Purchase Agreement”). Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, DTV agreed to acquire from EchoStar all of its issued and outstanding equity interests of DISH DBS, which operates its Pay-TV business (the “Business” and such acquisition of the Business the “DIRECTV Transaction”). Prior to the closing of the DIRECTV Transaction (the “DIRECTV Closing”), EchoStar will complete the Pre-Closing Restructuring, as defined in the Purchase Agreement, and the Pre-Closing Reorganization, as defined in the Purchase Agreement, following which, among other things, DISH DBS will hold all of the properties, rights, assets and liabilities primarily related to the Business, except for certain excluded assets and excluded liabilities. During the period between signing of the Purchase Agreement and the DIRECTV Closing, DISH DBS and its subsidiaries are not permitted to declare or pay dividends or otherwise cause or permit any leakage (which includes, among other things, cash payments and certain other value transfers by DISH DBS and its subsidiaries, on the one hand, to EchoStar, DISH Network or certain other related persons, on the other hand), other than (i) certain permitted cash transfers prior to September 30, 2025 in an aggregate amount not to exceed the permitted cash transfer cap set forth in the Purchase Agreement, and (ii) certain permitted tax sharing payments, in each case, on terms and conditions as set forth in the Purchase Agreement. The permitted cash transfer cap is initially equal to $1.52 billion, calculated in accordance with the Purchase Agreement, (“Permitted Transfer Cap”) and is subject to certain adjustments set forth in the Purchase Agreement, including transaction expenses and certain accrued interest adjustments and adjustments tied to certain key performance indicators. As set forth in the Reorganization Plan, immediately prior to the DIRECTV Closing, DISH DBS will distribute the Intercompany Loan – 2028 Tranche , defined below (see Note 11) to our seller subsidiary. At the DIRECTV Closing, our seller subsidiary will sell and transfer to DTV all of the issued and outstanding equity interests of DISH DBS in exchange for a total cash purchase price of $1.00 plus the assumption of net debt of DISH DBS and its subsidiaries that is outstanding as of the DIRECTV Closing. Additionally, effective with the DIRECTV Closing, certain other intercompany amounts between DISH DBS and DISH Network (in addition to the Intercompany Loan – 2028 Tranche ) will be subject to cancellation. As of September 30, 2024, the balance of the DISH DBS intercompany receivables for the Intercompany Loan – 2028 Tranche and other intercompany amounts totaled $4.606 billion, not including Permitted Transfer Cap receivables of up to $1.52 billion and certain other amounts of residual capital remaining based on performance. Upon the completion of the DIRECTV Transaction, DISH DBS will become a direct and wholly-owned subsidiary of DTV. Completion of the DIRECTV Transaction is subject to satisfaction or waiver of closing conditions set forth in the Purchase Agreement, including, but not limited to, the receipt of governmental approvals and the success of the DISH DBS Exchange Offers, as detailed and defined in Note 7 i n the Notes to our Condensed Consolidated Financial Statements. The DISH DBS Exchange Offers expired at 5:00 p.m., New York City time on November 12, 2024, and the DISH DBS Exchange Offers have been terminated due to the failure to satisfy the Minimum Series Exchange Condition and the Acquisition Consent Threshold Condition, each as defined in the Exchange Offering Memorandum (as defined below). Pursuant to the terms of the Purchase Agreement, DIRECTV may terminate the Purchase Agreement by November 22, 2024 due to the failure to consummate the DISH DBS Exchange Offers by November 12, 2024 or the failure to satisfy the Acquisition Consent Threshold Condition. Asset Transfer Concurrently with the issuance of the 5 1/4% Senior Secured Notes due 2026 and the 5 3/4% Senior Secured Notes due 2028 and using the proceeds thereof, we made two advances to DISH Network pursuant to a Loan and Security Agreement dated November 26, 2021 (the “Intercompany Loan”) to be used by DISH Network to finance the purchase of certain wireless spectrum licenses and for general corporate purposes, including the buildout of wireless infrastructure. The aggregate principal amount of the Intercompany Loan was initially $5.250 billion, and on February 11, 2022, we advanced an additional $1.5 billion to DISH Network. As of December 31, 2023, the receivable including capitalized paid in kind interest was $7.496 billion. On January 10, 2024, we, in our capacity as “Lender” under the terms of the Loan and Security Agreement related to the Intercompany Loan between DISH Network and us, have consummated the assignment pursuant to such terms, without any modification or amendment thereto, of our receivable in respect to the first tranche which matures on December 1, 2026 (“2026 Tranche”) of $4.7 billion (the “Intercompany Loan – 2026 Tranche”) to DBS Intercompany Receivable L.L.C. DBS Intercompany Receivable L.L.C. has subsequently assigned its rights as lender thereunder to EchoStar Intercompany Receivable Company L.L.C. , our ultimate parent, EchoStar’s direct wholly-owned subsidiary, such that amounts owed in respect of the 2026 Tranche will now be paid by DISH Network to EchoStar Intercompany Receivable L.L.C. As of September 30, 2024, our remaining intercompany receivable (the “ Intercompany Loan – 2028 Tranche ”) amount outstanding plus interest paid in kind was $2.844 billion, not including accrued interest receivable of $57 million which must be paid to us in cash. EchoStar Merger with DISH Network On December 31, 2023, EchoStar, our ultimate parent, completed the acquisition of DISH Network, our parent, pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 (the “Amended Merger Agreement”), by and among EchoStar, EAV Corp., a Nevada corporation and EchoStar’s wholly owned subsidiary (“Merger Sub”), and DISH Network, pursuant to which EchoStar acquired DISH Network by means of the merger of Merger Sub with and into DISH Network (the “Merger”), with DISH Network surviving the Merger as EchoStar’s wholly-owned subsidiary. For further information, refer to the Consolidated Financial Statements and notes thereto included in EchoStar’s Annual Report on Form 10-K for the year ended December 31, 2023. With the Merger complete, EchoStar is currently focused on the process of integrating its and DISH Network’s business in a manner that facilitates synergies, cost savings, growth opportunities and achieves other anticipated benefits (the “Integration”). Future Capital Requirements The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. During the third quarter of 2024, we completed our issuance of $2.5 billion (including $136 million of debt issuance costs) of New DISH DBS Financing, as detailed and defined in Note 7, which includes $2.047 billion of funds required to be used for the redemption, repayment or repurchase of the principal balance and remaining interest outstanding on our 5 7/8% Senior Notes due November 15, 2024. As a result of this transaction, substantial doubt no longer exists about our ability to continue as a going concern . Our cash and cash equivalents, current restricted cash and cash equivalents, and marketable investment securities totaled $2.387 billion as of September 30, 2024 (“Cash on Hand”) and we will fund the $1.983 billion of debt maturing in November 2024 from Cash on Hand. Pay-TV We offer pay-TV services under the DISH ® brand and the SLING ® brand (collectively “Pay-TV” services). The DISH branded pay-TV service consists of, among other things, Federal Communications Commission (“FCC”) licenses authorizing us to use direct broadcast satellite (“DBS”) and Fixed Satellite Service (“FSS”) spectrum, our owned and leased satellites, receiver systems, broadcast operations, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in our operations (“DISH TV”). We also design, develop and distribute receiver systems and provide digital broadcast operations, including satellite uplinking/downlinking, transmission and other services to third-party pay-TV providers. The SLING branded pay-TV services consist of, among other things, multichannel, live-linear and on-demand streaming over-the-top (“OTT”) Internet-based domestic, international, Latino and Freestream video programming services (“SLING TV”). As of September 30, 2024, we had 8.031 million Pay-TV subscribers in the United States, including 5.888 million DISH TV subscribers and 2.143 million SLING TV subscribers.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared under GAAP. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Our results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023. Certain prior period amounts have been reclassified to conform to the current period presentation. Principles of Consolidation We consolidate all majority owned subsidiaries, investments in entities in which we have controlling influence and variable interest entities (“VIEs”) where we have been determined to be the primary beneficiary. Minority interests are recorded as noncontrolling interests or redeemable noncontrolling interests. Non-consolidated investments are accounted for using the equity method when we have the ability to significantly influence the operating decisions of the investee. When we do not have the ability to significantly influence the operating decisions of an investee, these equity securities are classified as either marketable investment securities or other investments, which will be initially recorded at cost, and based on observable market prices, will be adjusted to their fair value. We record fair value adjustments in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). All significant intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period presentation. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense for each reporting period. Estimates are based on historical experience, observable market inputs, and other reasonable assumptions in accounting for, among other things, allowances for credit losses (including those related to our installment billing programs) , self-insurance obligations, deferred taxes and related valuation allowances, uncertain tax positions, loss contingencies, fair value of financial instruments, fair value of options granted under EchoStar’s stock-based compensation plans, fair value of assets and liabilities acquired in business combinations, inputs used to recognize revenue over time, including the relative standalone selling prices of performance obligations, finance leases, asset impairments, estimates of future cash flows used to evaluate and recognize impairments, useful lives of property, equipment and intangible assets, incremental borrowing rate (“IBR”) on lease right of use assets, nonrefundable upfront fees, independent third-party retailer incentives, programming expenses, subscriber lives and likelihood of certain contingent events. Economic conditions may increase the inherent uncertainty in the estimates and assumptions indicated above. Actual results may differ from previously estimated amounts, and such differences may be material to our condensed consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected prospectively in the period they occur. Fair Value Measurements We determine fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Market or observable inputs are the preferred source of values, followed by unobservable inputs or assumptions based on hypothetical transactions in the absence of market inputs. We apply the following hierarchy in determining fair value: ● Level 1, defined as observable inputs being quoted prices in active markets for identical assets; ● Level 2, defined as observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets and liabilities in active markets; and quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and ● Level 3, defined as unobservable inputs for which little or no market data exists, consistent with reasonably available assumptions made by other participants therefore requiring assumptions based on the best information available. As of September 30, 2024 and December 31, 2023, the carrying amount for cash and cash equivalents, trade accounts receivable (net of allowance for credit losses) and current liabilities (excluding the “Current portion of debt, finance lease and other obligations”) was equal to or approximated fair value due to their short-term nature or proximity to current market rates. Fair values of our marketable investment securities are measured on a recurring basis based on a variety of observable market inputs. For our investments in publicly traded equity securities and U.S. government securities, fair value ordinarily is determined based on Level 1 measurements that reflect quoted prices for identical securities in active markets. Fair values of our investments in other marketable debt securities are generally based on Level 2 measurements as the markets for such debt securities are less active. We consider trades of identical debt securities on or near the measurement date as a strong indication of fair value and matrix pricing techniques that consider par value, coupon rate, credit quality, maturity and other relevant features may also be used to determine fair value of our investments in marketable debt securities. Additionally, we use fair value measurements from time to time in connection with other investments, asset impairment testing and the assignment of purchase consideration to assets and liabilities of acquired companies. Those fair value measurements typically include significant unobservable inputs and are categorized within Level 3 of the fair value hierarchy. Transfers between levels in the fair value hierarchy are considered to occur at the beginning of the quarterly accounting period. See Note 4 for the fair value of our marketable investment securities. Fair values for our publicly traded debt securities are based on quoted market prices, when available. The fair values of private debt are based on, among other things, available trade information, and/or an analysis in which we evaluate market conditions, related securities, various public and private offerings, and other publicly available information. In performing this analysis, we make various assumptions regarding, among other things, credit spreads, and the impact of these factors on the value of the debt securities. See Note 7 for the fair value of our long-term debt. Assets Recognized Related to the Costs to Obtain a Contract with a Customer We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain sales incentive programs, including those with our independent third-party retailers, meet the requirements to be capitalized, and payments made under these programs are capitalized and amortized to expense over the estimated customer life or the contract term. These amounts are capitalized in “Prepaids and other assets” and “Other noncurrent assets, net” on our Condensed Consolidated Balance Sheets, and then amortized in “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Advertising Costs We recognize advertising expense when incurred as a component of “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Advertising expenses totaled $57 million and $95 million for the three months ended September 30, 2024 and 2023, respectively. Advertising expenses totaled $160 million and $293 million for the nine months ended September 30, 2024 and 2023, respectively. Research and Development Research and development costs, not incurred in connection with customer requirements, are expensed as incurred and are included as a component of “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Research and development costs totaled $6 million and $11 million for the three months ended September 30, 2024 and 2023, respectively. Research and development costs totaled $20 million and $33 million for the nine months ended September 30, 2024 and 2023, respectively. New Accounting Pronouncements Joint Ventures. On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60) (“ASU 2023-05”), which requires an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (ASC) master glossary to apply a new basis of accounting upon the formation of the joint venture. This standard will be effective for all joint venture formations with a formation date on or after January 1, 2025. A joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. Early adoption is permitted in any interim or annual period in which financial statements have not yet been issued or made available for issuance. We plan to adopt the standard if applicable and we expect the adoption of the standard will have an immaterial impact on our disclosures. Segment Reporting. On November 27, 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reporting Segment Disclosures (“ASU 2023-07”), which will enhance financial reporting by providing additional information about a public company’s significant segment expenses and more timely and detailed segment information reporting throughout the fiscal period. This standard will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We plan to adopt the standard when it becomes effective for us beginning in our fiscal year 2024 annual financial statements, and we expect the adoption of the standard will impact certain of our segment reporting disclosures. Income Taxes . On December 14, 2023, the FASB issued ASU 2023-9, Income Taxes (Topic 740) : Improvements to Income Tax Disclosures (“ASU 2023-09”), which will enhance income tax disclosures. ASU 2023-09 requires among other items disaggregated information in a reporting entity’s rate reconciliation table, clarification on uncertain tax positions and the related financial statement impact as well as information on income taxes paid on a disaggregated basis. This standard will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023-09 will have on our Condensed Consolidated Financial Statements and related disclosures.

Supplemental Data - Statements

Supplemental Data - Statements of Cash Flows	9 Months Ended
Supplemental Data - Statements of Cash Flows	Sep. 30, 2024
Supplemental Data - Statements of Cash Flows
Supplemental Data - Statements of Cash Flows	3. Supplemental Data - Statements of Cash Flows The following table presents certain supplemental cash flow and other non-cash data. For the Nine Months Ended September 30, 2024 2023 (In thousands) Cash paid for interest $ 471,726 $ 506,172 Cash received for interest 20,843 10,706 Cash received for interest - Intercompany Loan 41,984 — Cash paid for income taxes, net of (refunds) 10,714 11,090 Cash paid for income taxes to DISH Network 391,326 568,689 Intercompany Loan - 2026 Tranche 4,718,517 — Vendor financing — 26,751 Our parent, DISH Network, provides a centralized system for the management of our cash and marketable investment securities as it does for all of its subsidiaries to, among other reasons, maximize yield of the portfolio. As a result, the cash and marketable investment securities included on our Condensed Consolidated Balance Sheets are a component or portion of the overall cash and marketable investment securities portfolio included on DISH Network’s Condensed Consolidated Balance Sheets and are managed by DISH Network. We are reflecting the purchases and sales of marketable investment securities on a net basis for each period presented on our Condensed Consolidated Statements of Cash Flows as we believe the net presentation is more meaningful to our cash flows from investing activities. EchoStar Exchange Offer On March 4, 2024, EchoStar commenced a tender offer to eligible employees to exchange eligible stock options for new options as detailed in its Schedule TO filed March 4, 2024 with the Securities and Exchange Commission (the “Exchange Offer”), to, among other things, further align employee incentives with the current market. The Exchange Offer expired on April 1, 2024 and EchoStar accepted for exchange approximately 7 million stock options. As a result of the Exchange Offer, during the second quarter of 2024, the exercise price of approximately 3 million new stock options associated with our employees, affecting approximately 580 eligible employees, was adjusted to $14.04 . The total incremental non-cash stock-based compensation expense resulting from the Exchange Offer was $9 million, which will be recognized over the remaining vesting period of the applicable options.

Marketable Investment Securitie

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments	9 Months Ended
	Sep. 30, 2024
Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments
Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments	4. Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments Our marketable investment securities, restricted cash and cash equivalents, and other investments consisted of the following: As of September 30, December 31, 2024 2023 (In thousands) Marketable investment securities: Current marketable investment securities $ — $ 397 Restricted cash and cash equivalents (1) (2) 2,104,574 54,980 Other investments, net: Equity method investments (3) 19,389 90,168 Cost method investments 2,201 — Total other investments, net 21,590 90,168 Total marketable investment securities, restricted cash and cash equivalents, and other investments, net $ 2,126,164 $ 145,545 (1) Restricted marketable investment securities and restricted cash and cash equivalents are included in “Current restricted cash and cash equivalents” and “Restricted cash, cash equivalents and marketable investment securities” on our Condensed Consolidated Balance Sheets. (2) Includes $2.047 billion in proceeds received from the New DBS Financing, as detailed and defined in Note 7. (3) This decrease primarily resulted from our Invidi Technologies Corporation investment, discussed below. Marketable Investment Securities Our marketable investment securities portfolio may consist of debt and equity instruments. All equity securities are carried at fair value, with changes in fair value recognized in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). All debt securities are classified as available-for-sale and are recorded at fair value. We report the temporary unrealized gains and losses related to changes in market conditions of marketable debt securities as a separate component of “Accumulated other comprehensive income (loss)” within “Stockholder’s Equity (Deficit),” net of related deferred income tax on our Condensed Consolidated Balance Sheets. The corresponding changes in the fair value of marketable debt securities, which are determined to be company specific credit losses are recorded in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Current Marketable Investment Securities Our current marketable investment securities portfolio can include investments in various debt instruments including, among others, commercial paper, corporate securities and United States treasury and/or agency securities. Commercial paper consists mainly of unsecured short-term, promissory notes issued primarily by corporations with maturities ranging up to 365 days . Corporate securities consist of debt instruments issued by corporations with various maturities normally less than 18 months . U.S. Treasury and agency securities consist of debt instruments issued by the federal government and other government agencies. Restricted Cash, Cash Equivalents and Marketable Investment Securities As of September 30, 2024 and December 31, 2023, our restricted marketable investment securities, together with our restricted cash and cash equivalents, included amounts required as collateral for our letters of credit, surety bonds and trusts. Current restricted cash and cash equivalents. As of September 30, 2024, “Current restricted cash and cash equivalents” on our Condensed Consolidated Balance Sheets includes $2.047 billion in proceeds received from the New DBS Financing, as detailed and defined in Note 7, which is required to be used for the redemption, repayment or repurchase of the principal balance and remaining interest outstanding on our 5 7/8% Senior Notes due November 15, 2024. Other Investments, net We have strategic investments in certain debt and/or equity securities that are included in noncurrent “Other investments, net” on our Condensed Consolidated Balance Sheets. Our debt securities are classified as available-for-sale and are recorded at fair value. Generally, our debt investments in non-publicly traded debt instruments without a readily determinable fair value are recorded at amortized cost. Our equity investments where we have the ability to exercise significant influence over the investee are accounted for using the equity method of accounting. Certain of our equity method investments are detailed below. NagraStar L.L.C. We own a 50% interest in NagraStar L.L.C. (“NagraStar”), a joint venture that is our primary provider of encryption and related security systems intended to assure that only authorized customers have access to our programming. The three main technologies NagraStar provides to its customers are microchips, set-top box software and uplink computer systems. NagraStar also provides end-to-end platform security testing services. Invidi Technologies Corporation . We own a 35% interest in Invidi Technologies Corporation (“Invidi”), an entity that provides proprietary software for the addressable advertising market. Invidi contracts with multichannel video programming distributers to include its software in their respective set-top boxes and DVRs in order to deliver targeted advertisements based on a variety of demographic attributes selected by the advertisers. Invidi has also developed a cloud-based solution for internet protocol-based platforms. During the three months ended June 30, 2024, Invidi impaired the goodwill on their financial statements and our portion of this impairment resulted in a $63 million loss in “Equity in earnings (losses) of affiliates” recorded in “Other, net” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) during the nine months ended September 30, 2024. We also hold investments that are not accounted for using the equity method of accounting, which are measured at fair value. Investments in equity securities without readily determinable fair values are accounted for at cost, less impairment and adjusted for observable price changes for identical or similar investments of the same issuer. Our ability to realize value from our strategic investments in securities that are not publicly traded depends on, among other things, the success of the issuers’ businesses and their ability to obtain sufficient capital, on acceptable terms or at all, and to execute their business plans. Because private markets are not as liquid as public markets, there is also increased risk that we will not be able to sell these investments, or that when we desire to sell them we will not be able to obtain fair value for them. Fair Value Measurements Our investments measured at fair value on a recurring basis were as follows: As of September 30, 2024 December 31, 2023 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (In thousands) Cash equivalents (including restricted) $ 2,427,597 $ 434,221 $ 1,993,376 $ — $ 411,571 $ 358,545 $ 53,026 $ — Debt securities (including restricted): Other $ — $ — $ — $ — $ 397 $ — $ 397 $ — Total $ — $ — $ — $ — $ 397 $ — $ 397 $ — Gains and Losses on Sales and Changes in Carrying Amounts of Investments and Other “Other, net” within “Other Income (Expense)” included on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows: For the Three Months Ended For the Nine Months Ended September 30, September 30, Other, net: 2024 2023 2024 2023 (In thousands) Gains (losses) related to early redemption of debt $ — $ 755 $ — $ 804 Equity in earnings (losses) of affiliates (3,345) (891) (68,257) (1,656) Other 75 201 122 243 Total $ (3,270) $ 65 $ (68,135) $ (609)

Inventory

Inventory	9 Months Ended
Inventory	Sep. 30, 2024
Inventory
Inventory	5. Inventory Inventory consisted of the following: As of September 30, December 31, 2024 2023 (In thousands) Finished goods $ 170,904 $ 208,049 Work-in-process and service repairs 31,187 35,457 Raw materials 7,289 24,335 Total inventory $ 209,380 $ 267,841

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 30, 2024
Property and Equipment
Property and Equipment	6. Property and Equipment Property and equipment consisted of the following: Depreciable As of Life September 30, December 31, (In Years) 2024 2023 (In thousands) Equipment leased to customers 2 - 5 $ 1,040,595 $ 1,175,734 EchoStar XV 15 277,658 277,658 EchoStar XVIII 15 411,255 411,255 Satellites acquired under finance lease agreements 5 174,685 174,685 Furniture, fixtures, equipment and other 2 - 10 746,715 755,163 Software and computer equipment 2 - 5 1,225,577 1,197,632 Buildings and improvements 5 - 40 288,549 294,890 Land - 12,007 12,505 Construction in progress - 30,160 45,413 Total property and equipment 4,207,201 4,344,935 Accumulated depreciation (3,554,314) (3,536,870) Property and equipment, net $ 652,887 $ 808,065 Depreciation and amortization expense consisted of the following: For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Equipment leased to customers $ 38,489 $ 34,469 $ 110,062 $ 126,034 Satellites 20,073 20,073 60,219 60,219 Buildings, furniture, fixtures, equipment and other 5,426 6,259 14,887 18,994 Software and computer equipment 9,302 9,673 29,141 30,959 Total depreciation and amortization $ 73,290 $ 70,474 $ 214,309 $ 236,206 Cost of sales and operating expense categories included in our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) do not include depreciation and amortization expense related to satellites, equipment leased to customers or software. Satellites We currently utilize nine satellites in geostationary orbit approximately 22,300 miles above the equator, two of which we own and depreciate over their estimated useful life. We currently utilize certain capacity on six satellites that we lease from DISH Network, which are accounted for as operating leases, except for Nimiq 5 which is accounted for as a finance lease and is depreciated over its economic life. We also lease one satellite from a third-party: the Anik F3 satellite, which is accounted for as an operating lease. As of September 30, 2024, our Pay-TV satellite fleet in service consisted of the following: Degree Launch Orbital Lease Satellites Date Location Termination Date Owned: EchoStar XV July 2010 61.5 N/A EchoStar XVIII June 2016 61.5 N/A Under Construction: EchoStar XXV (1) 2026 110 N/A Leased from DISH Network (2): EchoStar X February 2006 110 February 2025 EchoStar XI July 2008 110 February 2025 EchoStar XIV March 2010 119 February 2025 EchoStar XVI November 2012 61.5 January 2025 EchoStar XXIII March 2017 110 Month to Month Nimiq 5 (3) September 2009 72.7 October 2025 Leased from Other Third-Party: Anik F3 April 2007 118.7 April 2025 (1) EchoStar XXV. On March 20, 2023, DISH Network entered into a contract with Maxar Space LLC for the construction of EchoStar XXV, a DBS satellite that is capable of providing service to the continental United States (“CONUS”) and is intended to be used at the 110 degree orbital location. During the fourth quarter of 2023, DISH Network entered into an agreement with Space Exploration Technologies Corp (“SpaceX”) for launch services for this satellite, which is expected to be launched during 2026. (2) See Note 11 for further information on our Related Party Transactions. (3) Subsequent to September 30, 2024, we extended the Nimiq 5 lease with DISH Network and as a result, beginning in the fourth quarter of 2024, we will account for the Nimiq 5 lease as an operating lease.

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	9 Months Ended
Debt and Finance Lease Obligations	Sep. 30, 2024
Debt and Finance Lease Obligations
Debt and Finance Lease Obligations	7. Debt and Finance Lease Obligations Fair Value of our Debt The following table summarizes the carrying amount and fair value of our debt facilities as of September 30, 2024 and December 31, 2023: As of September 30, 2024 December 31, 2023 Issuer Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Current: 5 7/8% Senior Notes due 2024 DDBS $ 1,982,544 $ 1,978,559 $ 1,982,544 $ 1,872,275 Term Loan due 2025 (1) DBS SubscriberCo 500,000 500,000 — — Long-Term: 7 3/4% Senior Notes due 2026 DDBS 2,000,000 1,718,660 2,000,000 1,388,060 5 1/4% Senior Secured Notes due 2026 DDBS 2,750,000 2,536,875 2,750,000 2,366,073 7 3/8% Senior Notes due 2028 DDBS 1,000,000 729,150 1,000,000 600,160 5 3/4% Senior Secured Notes due 2028 DDBS 2,500,000 2,200,000 2,500,000 2,013,125 5 1/8% Senior Notes due 2029 DDBS 1,500,000 981,000 1,500,000 774,600 Term Loan due 2029 (1) DBS SubscriberCo 1,800,000 1,800,000 — — Mandatorily Redeemable Preferred Shares due 2029 (1) (2) DBS SubscriberCo 200,000 200,000 — — Subtotal 14,232,544 12,644,244 11,732,544 9,014,293 Other notes payable 32,350 32,350 42,678 42,678 Unamortized deferred financing costs and other debt discounts, net (161,218) — (26,812) — Finance lease obligations (3) — — 31,104 — Total long-term debt, finance lease and other obligations (including current portion) $ 14,103,676 $ 12,676,594 $ 11,779,514 $ 9,056,971 (1) See “New DISH DBS Financing” below for further information. (2) Due to the mandatory redemption feature of this instrument, it is considered a debt instrument. (3) Disclosure regarding fair value of finance leases is not required. We estimated the fair value of our publicly traded long-term debt using market prices in less active markets (Level 2). Recent Transactions DISH DBS Exchange Offers On September 30, 2024, we commenced offers to exchange (the “DISH DBS Exchange Offers”) any and all of our (a) 5 1/4% Senior Secured Notes due 2026 (the “Outstanding 2026 DBS Secured Notes”) for an equal principal amount of our new 5 1/4% First Lien Notes due 2026 (the “New 2026 DBS First Lien Notes”), (b) 5 3/4% Senior Secured Notes due 2028 (the “Outstanding 2028 DBS Secured Notes”) for an equal principal amount of our new 5 3/4 % First Lien Notes due 2028 (the “New 2028 DBS First Lien Notes”), (c) 7 3/4% Senior Notes due 2026 (the “Outstanding 2026 DBS Notes”) for an equal principal amount of our new 7 3/4% Second Lien Notes due 2026 (the “New 2026 DBS Second Lien Notes”), (d) 7 3/8% Senior Notes due 2028 (the “Outstanding 2028 DBS Notes”) for an equal principal amount of our new 7 3/8 % Second Lien Notes due 2028 (the “New 2028 DBS Second Lien Notes”) and (e) 5 1/8 % Senior Notes due 2029 (the “Outstanding 2029 DBS Notes” and, together with the Outstanding 2026 DBS Secured Notes, the Outstanding 2028 DBS Secured Notes, the Outstanding 2026 DBS Notes and the Outstanding 2028 DBS Notes, the “Outstanding DBS Notes”) for an equal principal amount of our new 5 1/8% Second Lien Notes due 2029 (the “New 2029 DBS Second Lien Notes” and, together with the New 2026 DBS First Lien Notes, the New 2028 DBS First Lien Notes, the New 2026 DBS Second Lien Notes and the New 2028 DBS Second Lien Notes, the “New DBS Notes”), in each case, pursuant to the terms described in a confidential exchange offering memorandum and consent solicitation statement, dated September 30, 2024 (“Original Exchange Offering Memorandum”). On October 28, 2024, we amended certain terms of the DISH DBS Exchange Offers pursuant to the terms described in Supplement No. 1, dated October 28, 2024 (the “Supplement” and together with the Original Exchange Offering Memorandum, the “Exchange Offering Memorandum”). The DISH DBS Exchange Offers expired at 5:00 p.m., New York City time on November 12, 2024, and the DISH DBS Exchange Offers have been terminated due to the failure to satisfy the Minimum Series Exchange Condition and the Acquisition Consent Threshold Condition, each as defined in the Exchange Offering Memorandum. New DISH DBS Financing On September 29, 2024 (the “Financing Closing Date”), we and our subsidiary, DISH DBS Issuer LLC (“DBS SubscriberCo”), received $2.5 billion in financing from TPG Angelo Gordon and other co-lenders in the form of Term Loans and Mandatorily Redeemable Preferred Shares (each as defined below and together, the “New DISH DBS Financing”). Approximately $2.047 billion in proceeds received from the New DISH DBS Financing are included in “Current restricted cash and cash equivalents” on our Condensed Consolidated Balance Sheets and are required to be used for the redemption, repayment or repurchase of the principal balance and remaining interest outstanding on our 5 7/8% Senior Notes due November 15, 2024. If the DISH DBS Exchange Offers and the DIRECTV Transaction fails, the $2.5 billion in New DISH DBS Financing can be redeemed at our election with no prepayment penalty for 180 days. Term Loans On the Financing Closing Date, DBS SubscriberCo, Alter Domus (US) LLC, as Administrative Agent, and the lenders party thereto, entered into a Loan and Security Agreement (together with all the exhibits, annexes and schedules thereto, the “Loan and Security Agreement”), pursuant to which, among other things and subject to the terms and conditions set forth therein, the lenders agreed to extend credit to DBS SubscriberCo in an aggregate principal amount of up to $2.3 billion secured by the assets of DBS SubscriberCo, which includes approximately three million DISH TV subscribers and their related subscription and equipment agreements (such transactions, the “Loan Financing”). The Loan Financing consists of the following: (i) initial term loans in an aggregate principal amount of $1.8 billion that mature on June 30, 2029 (the “Term Loan due 2029”), (ii) incremental term loans in an aggregate principal amount of $500 million that are payable in equal monthly installments beginning in January 2025 and mature on September 30, 2025 (the “Term Loan due 2025”) and (iii) an additional amount of incremental term loans (the “Roll-up Incremental Term Loans” and, together with the Term Loan due 2029 and the Term Loan due 2025, the “Term Loans”). The Roll-up Incremental Term Loans may be incurred from time to time, subject to DBS SubscriberCo’s prior approval and pro forma compliance with a leverage ratio set forth in the Loan and Security Agreement, and mature on June 30, 2029. The Roll-up Incremental Term Loans may be incurred in exchange for Outstanding DBS Notes in an aggregate principal amount equal to (i) the price at which certain lenders acquire such notes plus (ii)(A) in the case of Outstanding 2028 DBS Notes and Outstanding 2029 DBS Notes, 15% of the difference between the aggregate principal amount of such notes and the purchase price thereof, or (B) in the case of Outstanding 2026 DBS Notes, Outstanding 2026 DBS Secured Notes and Outstanding 2028 DBS Secured Notes, 20% of the difference between the aggregate principal amount of such notes and the purchase price thereof. Interest on the Term Loans accrues and is payable monthly, generally in cash. The interest rate with respect to the Term Loan due 2029 is (i) from (and including) the Financing Closing Date and until (but excluding) the date that is twelve months thereafter, 10.75% per annum and (ii) from (and including) the date that is twelve months after the Financing Closing Date and until June 30, 2029 , 11.25% per annum. The interest rate with respect to the Term Loan Due 2025 is 11.00% per annum. The interest rate with respect to the Roll-up Incremental Term Loans is (i) from (and including) the Financing Closing Date and until (but excluding) the date that is twelve months thereafter, 11.00% per annum and (ii) from (and including) the date that is twelve months after the Financing Closing Date and until the Maturity Date, 11.50% per annum. The Loan and Security Agreement specifies a priority of payments for funds received by DBS SubscriberCo from subscriber payments and certain other revenue. Specifically, on each Transfer Date, as defined in the Loan and Security Agreement, payments will be made, as applicable to the Administrative Agent for certain administrative and other fees, to DBS SubscriberCo for reimbursement of certain operating costs, to a subsidiary of DISH Network as Manager under the Loan and Security Agreement and as Servicer for DBS SubscriberCo, and to an account used to collect and remit interest on the Term Loans, preferred distributions with respect to Preferred Membership interests (as defined below), and monthly principal payments on the Term Loan due 2025. After remitting those payments, through September 30, 2025 if DBS SubscriberCo is in compliance with the terms of the Loan and Security Agreement, it will have the ability to accumulate any excess collections, subject to the terms of the Loan and Security Agreement. At its election, any such excess collections can be distributed by DBS SubscriberCo to its parent via an intercompany loan. No later than September 30, 2025, all excess collections will be used to fund the payment of the Term Loans, the Mandatorily Redeemable Preferred Shares and the associated interest and preferred distributions. If DBS SubscriberCo is not in compliance with its covenants, the entity will lose the ability to accumulate any excess collections with those proceeds being utilized to satisfy the debt obligation and associated interest. Mandatorily Redeemable Preferred Shares Due 2029 On the Financing Closing Date, DBS SubscriberCo, entered into an amended and restated limited liability company agreement (the “SubscriberCo LLCA”), pursuant to which, among other things, DBS SubscriberCo issued to certain investors (the “Preferred Members”) redeemable preferred equity interests (the “Preferred Membership Interests”) with an aggregate liquidation preference of $200 million (the “ Mandatorily Redeemable Preferred Shares ”). The Mandatorily Redeemable Preferred Shares mature on June 30, 2029. Due to the mandatory redemption feature of this instrument, it is considered a debt instrument and recorded in “Long-term debt, finance lease and other obligations, net of current portion” on our Condensed Consolidated Balance Sheets. The Preferred Membership Interests have a preferential cumulative return that accumulates daily in arrears at a rate of: (a) from (and including) the Financing Closing Date and until (but excluding) the date that is 12 months thereafter, 13.25% per annum and (b) from (and including) the date that is 12 months after the Financing Closing Date and until June 30, 2029 (or the first business day thereafter), 13.75% per annum, payable in cash monthly and a liquidation preference equal to the issue price plus all accrued and unpaid dividends. The Preferred Membership Interests are redeemable at DBS SubscriberCo’s option prior to the June 30, 2029 maturity date at a premium as described in the SubscriberCo LLCA. Upon the maturity date, DBS SubscriberCo is required to redeem all of the Preferred Membership Interests issued and outstanding at such time, and upon payment in full of the aggregate liquidation preference, all rights of the Preferred Members will terminate. The Preferred Members also have certain governance and economic rights set forth in the SubscriberCo LLCA. DBS SubscriberCo Intercompany Loan (Eliminated in Consolidations at DISH DBS) A portion of the net proceeds from the New DISH DBS Financing were used by DBS SubscriberCo to make an intercompany loan of $323 million to DISH DBS pursuant to a Loan, Guaranty and Security Agreement dated September 29, 2024 (the “DBS SubscriberCo Intercompany Loan”) between DBS SubscriberCo and DISH DBS as funding for general corporate purposes. The DBS SubscriberCo Intercompany Loan matures on June 30, 2029. Interest accrues and is payable monthly and interest payments are payable in kind. The interest rate with respect to the DBS SubscriberCo Intercompany Loan is (i) for the first twelve months following the effective date of September 29, 2024 at 11% per annum and (ii) thereafter at 11.50% per annum. The DBS SubscriberCo Intercompany Loan is secured by DISH DBS’s rights and interest receivable in respect to the Intercompany Loan – 2028 Tranche . As of September 30, 2024, the total DBS SubscriberCo Intercompany Loan amount outstanding plus interest paid in kind was $323 million.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies
Commitments and Contingencies	8. Commitments and Contingencies Commitments Our commitments include certain obligations incurred by us on behalf of EchoStar’s Wireless segment. These obligations will be either paid directly by EchoStar or settled as part of our centralized cash management system with our parent, DISH Network. See Note 3 for further information. EchoStar’s Spectrum and 5G Network Deployment EchoStar has invested a total of over $30 billion in wireless spectrum licenses. EchoStar’s wireless spectrum licenses are subject to certain interim and final build-out requirements, as well as certain renewal requirements. EchoStar plans to commercialize its wireless spectrum licenses through the completion of the nation’s first cloud-native, Open Radio Access Network (“O-RAN”) based 5G network (the “5G Network Deployment”). EchoStar currently expects capital expenditures, excluding capitalized interest , for its 5G Network Deployment to be approximately $10 billion, including amounts incurred in 2021, 2022, 2023 and the first nine months of 2024. EchoStar may need to make significant additional investments or partner with others to, among other things, continue its 5G Network Deployment and further commercialize, build-out and integrate these licenses and related assets and any additional acquired licenses and related assets, as well as to comply with regulations applicable to such licenses. Depending on the nature and scope of such activities, any such investments or partnerships could vary significantly. In addition, as EchoStar continues its 5G Network Deployment, EchoStar has and may continue to incur significant additional expenses related to, among other things, research and development, wireless testing and ongoing upgrades to the wireless network infrastructure, software and third-party integration. As a result of these investments, among other factors, EchoStar may need to raise additional capital, which may not be available on favorable terms. EchoStar may also determine that additional wireless spectrum licenses may be required for its 5G Network Deployment and to compete effectively with other wireless service providers. In connection with the development of EchoStar’s wireless business, including, without limitation, the efforts described above, we have made cash distributions and the intercompany loans to partially finance these efforts to date and may make additional cash distributions or loans to finance, in whole or in part, EchoStar’s future efforts, including, among other things, any potential Northstar re-auction payment and SNR re-auction payment. There can be no assurance that EchoStar will be able to profitably deploy these wireless spectrum licenses. See Note 10 “Commitments and Contingencies – 5G Network Deployment” in the Notes to EchoStar’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 for further information. Contingencies Litigation We are involved in a number of legal proceedings (including those described below) concerning matters arising in connection with the conduct of our business activities. Many of these proceedings are at preliminary stages, and many of these proceedings seek an indeterminate amount of damages. We regularly evaluate the status of the legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss or an additional loss may have been incurred and to determine if accruals are appropriate. If accruals are not appropriate, we further evaluate each legal proceeding to assess whether an estimate of the possible loss or range of possible loss can be made. For certain cases described on the following pages, management is unable to provide a meaningful estimate of the possible loss or range of possible loss because, among other reasons, (i) the proceedings are in various stages; (ii) damages have not been sought; (iii) damages are unsupported and/or exaggerated; (iv) there is uncertainty as to the outcome of pending appeals or motions; (v) there are significant factual issues to be resolved; and/or (vi) there are novel legal issues or unsettled legal theories to be presented or a large number of parties. For these cases, however, management does not believe, based on currently available information, that the outcomes of these proceedings will have a material adverse effect on our financial condition, though the outcomes could be material to our operating results for any particular period, depending, in part, upon the operating results for such period. ClearPlay, Inc. On March 13, 2014, ClearPlay, Inc. (“ClearPlay”) filed a complaint against EchoStar and its wholly-owned subsidiaries DISH Network, DISH Network L.L.C., and EchoStar’s then wholly-owned subsidiary EchoStar Technologies L.L.C., in the United States District Court for the District of Utah. The complaint alleges willful infringement of United States Patent Nos. 6,898,799 (the “799 patent”), entitled “Multimedia Content Navigation and Playback”; 7,526,784 (the “784 patent”), entitled “Delivery of Navigation Data for Playback of Audio and Video Content”; 7,543,318 (the “318 patent”), entitled “Delivery of Navigation Data for Playback of Audio and Video Content”; 7,577,970 (the “970 patent”), entitled “Multimedia Content Navigation and Playback”; and 8,117,282 (the “282 patent”), entitled “Media Player Configured to Receive Playback Filters From Alternative Storage Mediums.” ClearPlay alleges that the AutoHop ™ feature of our Hopper® set-top box infringes the asserted patents. On February 11, 2015, the case was stayed pending various third-party challenges before the United States Patent and Trademark Office regarding the validity of certain of the patents asserted in the action. In those third-party challenges, the United States Patent and Trademark Office found that all claims of the 282 patent are unpatentable, and that certain claims of the 784 patent and 318 patent are unpatentable. ClearPlay appealed as to the 784 patent and the 318 patent, and on August 23, 2016, the United States Court of Appeals for the Federal Circuit affirmed the findings of the United States Patent and Trademark Office. On October 31, 2016, the stay was lifted, and in May 2017, ClearPlay agreed to dismiss EchoStar and DISH Network as defendants, leaving DISH Network L.L.C. and DISH Technologies L.L.C. as the sole defendants. On October 16, October 21, November 2, 2020 and November 9, 2020, DISH Network L.L.C. filed petitions with the United States Patent and Trademark Office requesting ex parte reexamination of the validity of the asserted claims of, respectively, the 784 patent, the 799 patent, the 318 patent and the 970 patent; and on November 2, November 20, December 14 and December 15, 2020, the United States Patent and Trademark Office granted each request for reexamination. On May 7, 2021, May 25, 2021, June 25, 2021 and July 7, 2021, the United States Patent and Trademark Office issued Ex Parte Reexamination Certificates confirming the patentability of the challenged claims of, respectively, the 799 patent, the 784 patent, the 318 patent and the 970 patent. In October and November 2021, DISH Network L.L.C. filed petitions with the United States Patent and Trademark Office requesting ex parte reexamination of the validity of certain asserted claims of the 784 patent, the 799 patent and the 970 patent. In November and December 2021, the United States Patent and Trademark Office granted review of the challenged claims of the 799 patent and the 970 patent, but denied review of the challenged claims of the 784 patent. On January 24, 2022, an examiner of the United States Patent and Trademark Office affirmed the challenged claims of the 799 patent, and on January 19, 2023, an examiner of the United States Patent and Trademark Office affirmed the challenged claims of the 970 patent. In an order dated January 31, 2023, the Court granted in part and denied in part DISH Network L.L.C.’s and DISH Technologies L.L.C.’s motion for summary judgment. Thereafter, ClearPlay narrowed its case to three asserted claims: one under the 799 patent and two under the 970 patent. Following a two-week trial, on March 10, 2023, the jury returned a verdict that DISH Network L.L.C. and DISH Technologies L.L.C. infringed each of the asserted patent claims (though not willfully), and awarded damages of $469 million. That verdict became moot on March 21, 2023, when the trial court indicated that it would grant DISH Network L.L.C.’s and DISH Technologies L.L.C.’s motion for judgment as a matter of law, thus effectively vacating the jury award. On June 2, 2023, the Court entered its formal order granting judgment as a matter of law. On December 12, 2023, the Court denied ClearPlay’s motion to alter or amend the judgment. ClearPlay has filed a notice of appeal to the United States Court of Appeals for the Federal Circuit and briefing should be completed by November 27, 2024. We intend to vigorously defend this case. In the event that a court ultimately determines that we infringe the asserted patents, we may be subject to substantial damages, which may include treble damages, and/or an injunction that could require us to materially modify certain features that we currently offer to consumers. We cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Data Breach Class Actions On May 9, 2023, Susan Owen-Brooks, an alleged customer, filed a putative class action complaint against DISH Network, our parent, in the United States District Court for the District of Colorado. She purports to represent a nationwide class of all individuals in the United States who allegedly had private information stolen as a result of the February 23, 2023 Cyber-security Incident (and a North Carolina statewide subclass of the same individuals). Since that filing, ten additional putative class action complaints have been filed in the United States District Court for the District of Colorado, purporting to represent the same nationwide class of people, and Owen-Brooks has filed an amended complaint. On August 2, 2023, the Court issued an order consolidating the first ten cases (the eleventh was dismissed) and, on November 16, 2023 and January 16, 2024, the plaintiffs filed consolidated amended class action complaints. On September 27, 2024, the Court granted DISH Network’s motion to dismiss the First Amended Consolidated Class Action Complaint as to eight of the eleven named plaintiffs and as to certain causes of action. On October 29, 2024, the Plaintiffs filed the operative Second Amended Consolidated Class Action Complaint, which deletes the allegations as to the dismissed plaintiffs and causes of action, leaving three named plaintiffs and causes of action for negligence, negligence per se, breach of implied contract, and declaratory judgment. DISH Network intends to vigorously defend this case. DISH Network cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Digital Broadcasting Solutions, LLC On August 29, 2022, Digital Broadcasting Solutions, LLC filed a complaint against our wholly-owned subsidiaries DISH Network L.L.C. and DISH Technologies L.L.C. in the United States District Court for the Eastern District of Texas. The complaint alleges infringement of U.S. Patent No. 8,929,710 (the “710 patent”) and U.S. Patent No. 9,538,122 (the “122 patent”), each entitled “System and method for time shifting at least a portion of a video program.” Generally, the plaintiff contends that the AutoHop feature of our Hopper® set-top boxes infringes the asserted patents. On June 21, 2023, the Court granted the motion of DISH Network L.L.C. and DISH Technologies L.L.C. to have the case transferred to the United States District Court for the District of Colorado. In May 2023, DISH Network L.L.C. and DISH Technologies L.L.C. filed petitions with the United States Patent and Trademark Office challenging the validity of all claims of the 710 patent and the 122 patent and, on December 11, 2023, the United States Patent and Trademark Office entered decisions instituting each petition. On May 9, 2024, a magistrate judge issued an order granting the defendants’ motion to stay the case pending the petitions before the United States Patent and Trademark Office and any related appeals. We intend to vigorously defend this case. In the event that a court ultimately determines that we infringe the asserted patents, we may be subject to substantial damages, which may include treble damages, and/or an injunction that could require us to materially modify certain features that we currently offer to consumers. We cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Entropic Communications, LLC (first action) On March 9, 2022, Entropic Communications, LLC (“Entropic”) filed a complaint against DISH Network and our wholly-owned subsidiaries DISH Network L.L.C. and Dish Network Service L.L.C. in the United States District Court for the Eastern District of Texas. The complaint alleges infringement of U.S. Patent No. 7,130,576 (the “576 patent”), entitled “Signal Selector and Combiner for Broadband Content Distribution”; U.S. Patent No. 7,542,715 (the “715 Patent”), entitled “Signal Selector and Combiner for Broadband Content Distribution”; and U.S. Patent No. 8,792,008 (the “008 Patent”), entitled “Method and Apparatus for Spectrum Monitoring.” On March 30, 2022, Entropic filed an amended complaint alleging infringement of the same patents. Generally, the plaintiff accuses satellite antennas, low-noise block converters, signal selector and combiners, and set-top boxes and the manner in which they process signals for satellite television customers of infringing the asserted patents. The plaintiff is an entity that seeks to license a patent portfolio without itself practicing any of the claims recited therein. On October 24, 2022, this case was ordered to be transferred to the United States District Court for the Central District of California. A companion case against DirecTV was also ordered transferred to the United States District Court for the Central District of California. In January and February of 2023, DISH Network L.L.C. and Dish Network Service L.L.C. filed petitions with the United States Patent and Trademark Office challenging the validity of all claims of the 715 patent, all claims of the 008 patent, and 25 claims of the 576 patent, which includes all of its asserted claims. In August and September 2023, the Patent Office denied institution on the petitions challenging the 715 patent and the 576 patent. In September 2023, at the parties’ joint request, the Patent Office dismissed the petition challenging the 008 patent, as Entropic agreed to drop its claims against DISH Network on that patent. On July 12, 2024, the United States Patent and Trademark Office granted a request for reexamination of the 715 patent. We intend to vigorously defend this case. In the event that a court ultimately determines that we infringe the asserted patents, we may be subject to substantial damages, which may include treble damages, and/or an injunction that could require us to materially modify certain features that we currently offer to consumers. We cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Entropic Communications, LLC (second action) On February 10, 2023, Entropic filed a second lawsuit against DISH Network and our wholly-owned subsidiaries DISH Network L.L.C., Dish Network Service L.L.C. and Dish Network California Service Corporation in the United States District Court for the Central District of California. The complaint alleges infringement of U.S. Patent No. 7,295,518 (the “518 patent”), entitled “Broadband network for coaxial cable using multi-carrier modulation”; U.S. Patent No. 7,594,249 (the “249 patent”), entitled “Network interface device and broadband local area network using coaxial cable”; U.S. Patent Nos. 7,889,759 (the “759 patent”), entitled “Broadband cable network utilizing common bit-loading”; U.S. Patent No. 8,085,802 (the “802 Patent”), entitled “Multimedia over coaxial cable access protocol”; U.S. Patent No. 9,838,213 (the “213 patent”), entitled “Parameterized quality of service architecture in a network”; U.S. Patent No. 10,432,422 (the “422 patent”), entitled “Parameterized quality of service architecture in a network”; U.S. Patent No. 8,631,450 (the “450 patent”), entitled “Broadband local area network”; U.S. Patent No. 8,621,539 (the “539 patent”), entitled “Physical layer transmitter for use in a broadband local area network”; U.S. Patent No. 8,320,566 (the “0,566 patent”), entitled “Method and apparatus for performing constellation scrambling in a multimedia home network”; U.S. Patent No. 10,257,566 (the “7,566 patent”), entitled “Broadband local area network”; U.S. Patent No. 8,228,910 (the “910 Patent”), entitled “Aggregating network packets for transmission to a destination mode”; and U.S. Patent No. 8,363,681 (the “681 patent”), entitled “Method and apparatus for using ranging measurements in a multimedia home network.” Generally, the patents relate to Multimedia over Coax Alliance standards and the manner in which we provide a whole-home DVR network over an on-premises coaxial cable network. Entropic has asserted the same patents in the same court against Comcast, Cox and DirecTV . On September 7, 2023, the Court granted the motion of DISH Network L.L.C., Dish Network Service L.L.C. and Dish Network California Service Corporation to dismiss the claims arising from the 7,566 patent and the 910 patent on the grounds that they claimed in eligible subject matter. In January and February 2024, DISH Network L.L.C. filed petitions with the United States Patent and Trademark Office challenging the validity of the 249 patent, the 518 patent, the 759 patent, the 450 patent, the 539 patent, the ’0,566 patent, and the ’681 patent. In July and August 2024, the United States Patent and Trademark Office agreed to institute proceedings on the petitions challenging the 249 patent and the 518 patent, but denied institution on the remaining petitions. We intend to vigorously defend this case. In the event that a court ultimately determines that we infringe the asserted patents, we may be subject to substantial damages, which may include treble damages, and/or an injunction that could require us to materially modify certain features that we currently offer to consumers. We cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Freedom Patents On April 7, 2023, Freedom Patents LLC filed a complaint against DISH Network and our wholly-owned subsidiaries DISH Network L.L.C. and Dish Network Service L.L.C. in the United States District Court for the Eastern District of Texas. The complaint alleges infringement of U.S. Patent No. 8,284,686 (the “686 Patent”), entitled “Antenna/Beam Selection Training in MIMO Wireless LANS with Different Sounding Frames”; U.S. Patent No. 8,374,096 (the “096 Patent”), entitled “Method for Selecting Antennas and Beams in MIMO Wireless LANs”; and U.S. Patent No. 8,514,815 (the “815 Patent”), entitled “Training Signals for Selecting Antennas and Beams in MIMO Wireless LANs.” Similar complaints were also filed against Acer, Altice, Charter, Comcast and Verizon. In general, the asserted patents relate to the 802.11 wireless standard, and the products accused of infringement are the Wireless Joey, its access point, and certain Ring, Nest and Linksys products that we sell. On March 15, 2024, the Court denied the defendants’ motion to transfer the case to the United States District Court for the District of Colorado. On May 24, 2024, the case was dismissed pursuant to a settlement under which DISH Network, DISH Network L.L.C. and Dish Network Service L.L.C. paid an immaterial amount. This matter is now concluded. Jones 401(k) Litigation On December 20, 2021, four former employees filed a class action complaint in the United States District Court for the District of Colorado against DISH Network, DISH Network’s Board of Directors, and DISH Network’s Retirement Plan Committee alleging fiduciary breaches arising from the management of our 401(k) Plan. The putative class, comprised of all participants in the Plan on or after January 20, 2016, alleges that the Plan had excessive recordkeeping and administrative expenses and that it maintained underperforming funds. On February 1, 2023, a Magistrate Judge issued a recommendation that the defendants’ motion to dismiss the complaint be granted, and on March 27, 2023, the district court judge granted the motion. As permitted by the Court’s order, the plaintiffs filed an amended complaint on April 10, 2023, which is limited to allegations regarding the alleged underperformance of the Fidelity Freedom Funds. On November 7, 2023, a Magistrate Judge issued a recommendation that the defendants’ motion to dismiss the amended complaint be denied as to the duty to prudently monitor fund performance, but be granted as to the duty of loyalty and, on November 27, 2023, the district court judge entered an order adopting the recommendation. On March 1, 2024, by stipulation, the plaintiffs dismissed their claims against the Board of Directors and the Retirement Plan Committee, leaving DISH Network as the sole defendant. On April 30, 2024, pursuant to the parties’ stipulation, the Court certified the proposed plaintiff class. On October 30, 2024, pursuant to the parties’ stipulation, the Court stayed the litigation pending a mediation. DISH Network intends to vigorously defend this case. DISH Network cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Lingam Securities Class Action (formerly Jaramillo) On March 23, 2023, a securities fraud class action complaint was filed against DISH Network and Messrs. Ergen, Carlson and Orban in the United States District Court for the District of Colorado. The complaint is brought on behalf of a putative class of purchasers of DISH Network’s securities during the February 22, 2021 to February 27, 2023 class period. In general, the complaint alleges that DISH Network’s public statements during that period were false and misleading and contained material omissions, because they did not disclose that DISH Network allegedly maintained a deficient cyber-security and information technology infrastructure, were unable to properly secure customer data and DISH Network’s operations were susceptible to widespread service outages. In August 2023, the Court appointed a new lead plaintiff and lead plaintiff’s counsel, and on October 20, 2023, they filed an amended complaint that abandoned the original allegations. In their amended complaint, plaintiffs allege that, during the class period, the defendants concealed problems concerning the 5G network buildout that prevented scaling and commercializing the network to obtain enterprise customers. The amended complaint added as individual defendants James S. Allen, DISH Network’s Senior Vice President and Chief Accounting Officer; John Swieringa, DISH Network’s President, Technology and Chief Operating Officer; Dave Mayo, DISH Network’s former Executive Vice President of Network Development; Marc Rouanne, DISH Network’s former Executive Vice President and Chief Network Officer; and Stephen Bye, DISH Network’s former Executive Vice President and Chief Commercial Officer. After the defendants filed a motion to dismiss, the plaintiffs filed a further amended complaint, asserting the same theory, on February 23, 2024. The new complaint drops Erik Carlson, John Swieringa, Paul Orban and James Allen as individual defendants. DISH Network intends to vigorously defend this case. DISH Network cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages. Quantum Technology Innovations LLC On June 5, 2024, Quantum Technology Innovations, LLC filed a complaint in the United States District Court for the Eastern District of Texas against DISH Network alleging infringement of United States Patent No. 7,650,376, entitled “Content Distribution System for Distributing Content Over a Network, with Particular Applicability to Distributing High-Bandwidth Content.” The plaintiff is an entity that seeks to license a patent portfolio without itself practicing any of the claims recited therein. On August 8, 2024, Quantum Technology Innovations dismissed its complaint without prejudice. This matter is now concluded. Realtime Data LLC and Realtime Adaptive Streaming LLC On June 6, 2017, Realtime Data LLC d/b/a IXO (“Realtime”) filed an amended complaint in the United States District Court for the Eastern District of Texas (the “Original Texas Action”) against EchoStar, DISH Network; our wholly-owned subsidiaries DISH Network L.L.C., DISH Technologies L.L.C. (then known as EchoStar Technologies L.L.C.), Sling TV L.L.C. and Sling Media L.L.C.; and EchoStar’s wholly-owned subsidiary Hughes Network Systems, L.L.C. (“HNS”); and Arris Group, Inc. Realtime’s initial complaint in the Original Texas Action, filed on February 14, 2017, had named only EchoStar and HNS as defendants. The amended complaint in the Original Texas Action alleges infringement of United States Patent No. 8,717,204 (the “204 patent”), entitled “Methods for encoding and decoding data”; United States Patent No. 9,054,728 (the “728 patent”), entitled “Data compression systems and methods”; United States Patent No. 7,358,867 (the “867 patent”), entitled “Content independent data compression method and system”; United States Patent No. 8,502,707 (the “707 patent”), entitled “Data compression systems and methods”; United States Patent No. 8,275,897 (the “897 patent”), entitled “System and methods for accelerated data storage and retrieval”; United States Patent No. 8,867,610 (the “610 patent”), entitled “System and methods for video and audio data distribution”; United States Patent No. 8,934,535 (the “535 patent”), entitled “Systems and methods for video and audio data storage and distribution”; and United States Patent No. 8,553,759 (the “759 patent”), entitled “Bandwidth sensitive data compression and decompression.” Realtime alleges that DISH Network’s, Sling TV L.L.C.’s, Sling Media L.L.C.’s and Arris Group, Inc.’s streaming video products and services compliant with various versions of the H.264 video compression standard infringe the 897 patent, the 610 patent and the 535 patent, and that the data compression system in HNS’ products and services infringes the 204 patent, the 728 patent, the 867 patent, the 707 patent and the 759 patent. On July 19, 2017, the Court severed Realtime’s claims against DISH Network, DISH Network L.L.C., Sling TV L.L.C., Sling Media L.L.C. and Arris Group, Inc. (alleging infringement of the 897 patent, the 610 patent and the 535 patent) from the Original Texas Action into a separate action in the United States District Court for the Eastern District of Texas (the “Second Texas Action”). On August 31, 2017, Realtime dismissed the claims against DISH Network, Sling TV L.L.C., Sling Media Inc., and Sling Media L.L.C. from the Second Texas Action and refiled these claims (alleging infringement of the 897 patent, the 610 patent and the 535 patent) against Sling TV L.L.C., Sling Media Inc., and Sling Media L.L.C. in a new action in the United States District Court for the District of Colorado (the “Colorado Action”). Also on August 31, 2017, Realtime dismissed DISH Technologies L.L.C. from the Original Texas Action, and on September 12, 2017, added it as a defendant in an amended complaint in the Second Texas Action. On November 6, 2017, Realtime filed a joint motion to dismiss the Second Texas Action without prejudice, which the Court entered on November 8, 2017. On October 10, 2017, Realtime Adaptive Streaming LLC (“Realtime Adaptive Streaming”) filed suit against our wholly-owned subsidiaries DISH Network L.L.C. and DISH Technologies L.L.C., as well as Arris Group, Inc., in a new action in the United States District Court for the Eastern District of Texas (the “Third Texas Action”), alleging infringement of the 610 patent and the 535 patent. Also on October 10, 2017, an amended complaint was filed in the Colorado Action, substituting Realtime Adaptive Streaming as the plaintiff instead of Realtime, and alleging infringement of only the 610 patent and the 535 patent, but not the 897 patent. On November 6, 2017, Realtime Adaptive Streaming filed a joint motion to dismiss the Third Texas Action without prejudice, which the court entered on November 8, 2017. Also on November 6, 2017, Realtime Adaptive Streaming filed a second amended complaint in the Colorado Action, adding our wholly-owned subsidiaries DISH Network L.L.C. and DISH Technologies L.L.C., as well as Arris Group, Inc., as defendants. As a result, neither DISH Network nor any of its subsidiaries is a defendant in the Original Texas Action; the Court has dismissed without prejudice the Second Texas Action and the Third Texas Action; and our wholly-owned subsidiaries DISH Network L.L.C., DISH Technologies L.L.C., Sling TV L.L.C. and Sling Media L.L.C. as well as Arris Group, Inc., are defendants in the Colorado Action, which now has Realtime Adaptive Streaming as the named plaintiff. Following settlements with the plaintiff, EchoStar and HNS were dismissed from the Original Texas Action in February 2019, and Arris Group, Inc. was dismissed from the Colorado Action in March 2021. On July 3, 2018, Sling TV L.L.C., Sling Media L.L.C., DISH Network L.L.C., and DISH Technologies L.L.C. filed petitions with the United States Patent and Trademark Office challenging the validity of each of the asserted patents. On January 31, 2019, the United States Patent and Trademark Office agreed to institute proceedings on DISH Network’s petitions , and it held trial on the petitions on December 5, 2019. On January 17, 2020, the United States Patent and Trademark Office terminated the petitions as time-barred, but issued a final written decision invalidating the 535 patent to third parties that had timely joined in DISH Network’s' petition (and, on January 10, 2020, issued a final written decision invalidating the 535 patent in connection with a third party’s independent petition). On March 16, 2020, Sling TV L.L.C., Sling Media L.L.C., DISH Network L.L.C., and DISH Technologies L.L.C. filed a notice of appeal from the terminated petitions to the United States Court of Appeals for the Federal Circuit. On June 29, 2020, the United States Patent and Trademark Office filed a notice of intervention in the appeal. On March 16, 2021, the Court of Appeals dismissed the appeal for lack of jurisdiction. On April 29, 2021, Sling TV L.L.C., Sling Media L.L.C., DISH Network L.L.C., and DISH Technologies L.L.C. filed a petition for rehearing, which was denied on June 28, 2021. On January 12, 2021, Realtime Adaptive Streaming filed a notice of dismissal of its claims on the 535 patent. On July 30, 2021, the District Court granted summary judgment in favor of DISH Network L.L.C., DISH Technologies L.L.C., Sling TV L.L.C. and Sling Media L.L.C., holding that the remaining asserted patent, the 610 patent, is invalid because it claims patent-ineligible abstract subject matter. Realtime Adaptive Streaming appealed that ruling to the United States Court of Appeals for the Federal Circuit , and on May 11, 2023, that Court affirmed the District Court’s summary judgment order. Independently, on September 21, 2021, in connection with an ex parte reexamination of the validity of the 610 patent, an examiner at the United States Patent and Trademark Office issued a final office action rejecting each asserted claim of the 610 patent as invalid over the cited prior art. On April 19, 2023, the Patent Trial and Appeal Board rejected Realtime Adaptive Streaming’s appeal and affirmed the examiner’s rejection of the asserted claims of the 610 patent. Realtime did not further appeal the Patent Trial and Appeal Board’s determination and, thus, the asserted claims of the 610 patent were canceled. As a result, DISH Network L.L.C., DISH Technologies L.L.C., Sling TV L.L.C. and Sling Media L.L.C. no longer face any possible exposu

Disaggregation of Revenue

Disaggregation of Revenue	9 Months Ended
Disaggregation of Revenue	Sep. 30, 2024
Disaggregation of Revenue
Disaggregation of Revenue	9. Disaggregation of Revenue 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 $ 2,590,379 $ 2,761,678 $ 7,922,880 $ 8,541,867 Pay-TV equipment sales and other revenue 11,423 21,709 45,417 139,090 Total $ 2,601,802 $ 2,783,387 $ 7,968,297 $ 8,680,957

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2024
Revenue Recognition
Revenue Recognition	10. Revenue Recognition Contract Balances Our valuation and qualifying accounts as of September 30, 2024 were as follows: For the Nine Months Ended September 30, 2024 (In thousands) Balance at beginning of period $ 34,884 Current period provision for expected credit losses 53,747 Write-offs charged against allowance (38,781) Balance at end of period $ 49,850 Contract liabilities arise when we bill our customers and receive consideration in advance of providing the service. Contract liabilities are recognized as revenue when the service has been provided to the customer. Contract liabilities are recorded in “Deferred revenue and other” and “Long-term deferred revenue and other long-term liabilities” on our Condensed Consolidated Balance Sheets. The following table summarizes our contract liability balances: As of September 30, December 31, 2024 2023 (In thousands) Contract liabilities $ 392,484 $ 427,319 Our beginning of period contract liability recorded as customer contract revenue during 2024 was $424 million. Performance Obligations We apply a practical expedient and do not disclose the value of the remaining performance obligations for contracts that are less than one year in duration, which represent a substantial majority of our revenue. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of our future revenue. Contract Acquisition Costs The following table presents the activity in our contract acquisition costs, net. For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ 158,695 $ 198,454 $ 175,685 $ 230,146 Additions 21,007 20,923 55,391 57,317 Amortization expense (23,289) (30,309) (74,663) (98,395) Balance at end of period $ 156,413 $ 189,068 $ 156,413 $ 189,068

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2024
Related Party Transactions
Related Party Transactions	11. Related Party Transactions Related Party Transactions with DISH Network, our parent, and EchoStar, our ultimate parent. The following table summarizes our notes receivable balances with DISH Network: As of September 30, 2024 Notes Receivable - DISH Network Principal Interest Total (In thousands) Intercompany Loan - DISH Network - 2028 Tranche $ 2,844,401 $ 56,888 $ 2,901,289 Q2 2024 Notes Receivable - DISH Network (1) 1,550,005 — 1,550,005 Q3 2024 Notes Receivable - DISH Network (1) 484,483 — 484,483 Total Notes Receivable - DISH Network $ 4,878,889 $ 56,888 $ 4,935,777 (1) Interest is recorded monthly as paid in kind. “Intercompany Loan – DISH Network” Concurrently with the issuance of the 5 1/4% Senior Secured Notes due 2026 and the 5 3/4% Senior Secured Notes due 2028 (our “Senior Secured Notes”) and using the proceeds thereof, we made the Intercompany Loan to DISH Network to be used by DISH Network to finance the purchase of certain wireless spectrum licenses and for general corporate purposes, including the buildout of wireless infrastructure. The Intercompany Loan is secured by: (i) the cash proceeds of the loan; and (ii) an interest in the wireless spectrum licenses acquired using such proceeds. Such collateral may be replaced by other then-existing wireless spectrum licenses held directly or indirectly by DISH Network of equivalent value (based upon a third-party valuation). The Intercompany Loan will mature in two tranches, with the first tranche maturing on December 1, 2026 (the “2026 Tranche”) and the second tranche maturing on December 1, 20 28 (the “2028 Tranche”). The aggregate principal amount of the Intercompany Loan was initially $5.250 billion, and on February 11, 2022, we advanced an additional $1.5 billion to DISH Network under the 2026 Tranche. Interest accrues and is payable semiannually, and interest payments with respect to the Intercompany Loan are, at DISH Network’s option, payable in kind for the first two years . In the third year, beginning November 2023, a minimum of 50% of each interest payment due with respect to each tranche of the Intercompany Loan must be paid in cash. Thereafter, beginning in November 2024, interest payments must be paid in cash. Interest accrues: (a) when paid in cash, at a fixed rate of 0.25% per annum in excess of the interest rate applicable to, in the case of the 2026 Tranche, the 5 1/4% Senior Secured Notes due 2026, and in the case of the 2028 Tranche, the 5 3/4% Senior Secured Notes due 2028 (each, the “Cash Accrual Rate” with respect to the applicable tranche); and (b) when paid in kind, at a rate of 0.75% per annum in excess of the Cash Accrual Rate for the applicable tranche. The Intercompany Loan is repayable by DISH Network in whole or in part, at any time or from time to time, at a price equal to 100% of the principal amount thereof, plus accrued but unpaid interest thereon. We may use the proceeds of any such pre-payment for general corporate purposes, including refinancing of indebtedness, but may not use any such prepaid amounts to make a cash dividend or distribution to DISH Network prior to the repayment in full of the Intercompany Loan . The 5 1/4% Senior Secured Notes due 2026 and the 5 3/4% Senior Secured Notes due 2028 are subordinated to our existing and certain future unsecured notes with respect to certain realizations under the Intercompany Loan and any collateral pledged as security therefor. Any material amendments or modifications to the terms of the Intercompany Loan will require the written consent of the holders of a majority of the then-outstanding 5 1/4% Senior Secured Notes due 2026 and the 5 3/4% Senior Secured Notes due 2028. As of December 31, 2023, the receivable including capitalized paid in kind interest was $7.496 billion. On January 10, 2024, we, in our capacity as “Lender” under the terms of the Loan and Security Agreement related to the Intercompany Loan between DISH Network and us, have consummated the assignment pursuant to such terms, without any modification or amendment thereto, of our receivable in respect to the 2026 Tranche of $4.7 billion to DBS Intercompany Receivable L.L.C. DBS Intercompany Receivable L.L.C. has subsequently assigned its rights as lender thereunder to EchoStar Intercompany Receivable Company L.L.C. , our ultimate parent, EchoStar’s direct wholly-owned subsidiary, such that amounts owed in respect of the 2026 Tranche will now be paid by DISH Network to EchoStar Intercompany Receivable L.L.C. During the three months ended September 30, 2024 and 2023, we recorded $42 million and $110 million, respectively, of “Interest income” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). During the nine months ended September 30, 2024 and 2023, we recorded $136 million and $331 million, respectively, of “Interest income” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of September 30, 2024 and December 31, 2023, “ Notes Receivable – DISH Network” on our Condensed Consolidated Balance Sheets related to the Intercompany Loan – 2028 Tranche was $2.844 billion and $7.496 billion, respectively, including interest paid in kind, respectively. In addition, as of September 30, 2024 and December 31, 2023, “ Interest receivable – DISH Network” on our Condensed Consolidated Balance Sheets was $57 million which must be paid in cash and $37 million ( $18 million which was paid in cash and $19 million which was paid in kind), respectively. “Q2 2024 Notes Receivable – DISH Network” Our ordinary course business practice routinely involves entities within our corporate family making intercompany loans, which are part of our routine cash management system, and consistent with many years of past practice. Such advances are obligations of the recipient entity and an asset of the advancing entity within our corporate family, and historically are short duration in nature. Effective for the quarter ended June 30, 2024, we and DISH Network determined that the balance of such intercompany loans previously classified as current “Advances to affiliates” on our Condensed Consolidated Balance Sheets has become longer-term in nature. As a result, in June 2024, we and DISH Network entered into an intercompany loan (the “Q2 2024 Notes Receivable – DISH Network”) with an initial principal amount of $1.508 billion. The Q2 2024 Notes Receivable – DISH Network matures on August 13, 2028. Interest accrues and is payable monthly and interest payments shall be payable “in kind” and shall be added to the principal amount of the loan on each interest payment date. The interest rate with respect to the Q2 2024 Notes Receivable – DISH Network is at a variable rate subject to adjustments based on, among other things, the weighted average cost of borrowing. During the three and nine months ended September 30, 2024, we recorded $26 million and $47 million, respectively, of “Interest income” related to the above on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of September 30, 2024, the total Q2 2024 Notes Receivable – DISH Network amount outstanding plus interest paid in kind was $1.550 billion. This is recorded in “Notes Receivable – DISH Network, including interest” on our Condensed Consolidated Balance Sheets. “Q3 2024 Notes Receivable – DISH Network” During the three months ended September 30, 2024, we and DISH Network entered into an intercompany loan (the “Q3 2024 Notes Receivable – DISH Network”) with an initial principal amount of $481 million. The Q3 2024 Notes Receivable – DISH Network matures on November 13, 2028. Interest accrues and is payable monthly and interest payments shall be payable “in kind” and shall be added to the principal amount of the loan on each interest payment date. The interest rate with respect to the Q3 2024 Notes Receivable – DISH Network is at a variable rate subject to adjustments based on, among other things, the weighted average cost of borrowing. During each of the three and nine months ended September 30, 2024, we recorded $ 5 million of “Interest income” related to the above on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of September 30, 2024, the total Q3 2024 Notes Receivable – DISH Network amount outstanding plus interest paid in kind was $484 million. This is recorded in “Notes Receivable – DISH Network, including interest” on our Condensed Consolidated Balance Sheets. “Cost of services” During each of the three months ended September 30, 2024 and 2023, we incurred expenses of $52 million for satellite capacity leased from DISH Network, and telemetry, tracking and control (“TT&C”) and other professional services provided to us by DISH Network. During the nine months ended September 30, 2024 and 2023, we incurred expenses of $156 million and $154 million, respectively, for satellite capacity leased from DISH Network, and telemetry, tracking and control (“TT&C”) and other professional services provided to us by DISH Network. DISH Network is a supplier of the vast majority of our transponder capacity. These amounts are recorded in “Cost of services” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The agreements pertaining to these expenses are discussed below. Satellite Capacity Leased from DISH Network . We lease satellite capacity on satellites owned or leased by DISH Network from a wholly-owned subsidiary of DISH Network. See “Satellites” in Note 6 for further information. The term of each lease is set forth below: ● EchoStar X, XI, XIV and XVI. We lease all available capacity on the EchoStar X, XI, XIV and XVI satellites from a wholly-owned subsidiary of DISH Network. The term of each satellite capacity agreement generally terminates upon the earlier of: (i) the end-of-life of the satellite; (ii) the date the satellite fails; or (iii) a certain date, which depends upon, among other things, the estimated useful life of the satellite. We generally have the option to renew each satellite capacity agreement on a year-to-year basis through the end of the respective satellite’s life. . ● EchoStar XXIII. On March 1, 2023, we began leasing certain capacity on the EchoStar XXIII satellite from a wholly-owned subsidiary of DISH Network on a month to month basis. ● Nimiq 5. DISH Network has a 15-year satellite service agreement with Telesat Canada (“Telesat”) to receive service on all 32 DBS transponders on the Nimiq 5 satellite at the 72.7 degree orbital location with the option to renew on a year-to-year basis through the end-of-life of the Nimiq 5 satellite. We are receiving transponder service on all 32 of the DBS transponders on this satellite from DISH Network via a lease and have exercised our option to renew for a one-year period through September 2024. As discussed in Note 6, “Property and Equipment,” the Nimiq 5 satellite lease is accounted for as a finance lease. Expenses related to this lease are recorded in “Depreciation and amortization” and “Interest expense, net of amounts capitalized” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). During each of the three months ended September 30, 2024 and 2023, we recorded $9 million of “Depreciation and amortization” expense and less than $1 million and $1 million of “Interest expense, net of amounts capitalized,” respectively, related to Nimiq 5. During each of the nine months ended September 30, 2024 and 2023, we recorded $26 million of “Depreciation and amortization” expense and $1 million and $4 million of “Interest expense, net of amounts capitalized,” respectively, related to Nimiq 5 . Subsequent to September 30, 2024, we extended the Nimiq 5 lease with DISH Network and as a result, beginning in the fourth quarter of 2024, we will account for the Nimiq 5 lease as an operating lease. TT&C Agreement. We receive TT&C services from a wholly-owned subsidiary of EchoStar for certain satellites (the “TT&C Agreement”). In February 2018, we amended the TT&C Agreement to, among other things, extend the term for one-year with four automatic one-year renewal periods. The fees for services provided under the TT&C Agreement are calculated at either: (i) a fixed fee; or (ii) cost plus a fixed margin, which vary depending on the nature of the services provided. We and EchoStar are able to terminate the TT&C Agreement for any reason upon 12 months ’ notice. “Selling, general and administrative expenses” During the three months ended September 30, 2024 and 2023, we incurred $8 million and $3 million, respectively, for selling, general and administrative expenses for services provided to us by EchoStar. During the nine months ended September 30, 2024 and 2023, we incurred $18 million and $7 million, respectively, for selling, general and administrative expenses for services provided to us by EchoStar. These amounts are recorded in “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Other Agreements Broadband, Wireless and Other Operations. We provide certain administrative, call center, installation, marketing and other services to our parent’s broadband, wireless and other operations. During the three months ended September 30, 2024 and 2023, the pass through costs associated with these services were $33 million and $31 million, respectively. During the nine months ended September 30, 2024 and 2023, the pass through costs associated with these services were $102 million and $97 million, respectively. Related Party Transactions with NagraStar L.L.C. We own a 50% interest in NagraStar, a joint venture that is our primary provider of encryption and related security systems intended to assure that only authorized customers have access to our programming. Certain payments related to NagraStar are recorded in “Cost of services” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). In addition, certain other payments are initially included in “Inventory” and are subsequently capitalized as “Property and equipment, net” on our Condensed Consolidated Balance Sheets or expensed as “Selling, general and administrative expenses” or “Cost of services” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) when the equipment is deployed. We record all payables in “Trade accounts payable” or “Other accrued expenses and liabilities” on our Condensed Consolidated Balance Sheets. Our investment in NagraStar is accounted for using the equity method. The table below summarizes our transactions with NagraStar: For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Purchases (including fees): Purchases from NagraStar $ 7,596 $ 8,972 $ 24,723 $ 28,012 As of September 30, December 31, 2024 2023 (In thousands) Amounts Payable and Commitments: Amounts payable to NagraStar $ 5,095 $ 9,821 Commitments to NagraStar $ 1,798 $ 1,727

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2024
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared under GAAP. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Our results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023. Certain prior period amounts have been reclassified to conform to the current period presentation.
Principles of Consolidation	Principles of Consolidation We consolidate all majority owned subsidiaries, investments in entities in which we have controlling influence and variable interest entities (“VIEs”) where we have been determined to be the primary beneficiary. Minority interests are recorded as noncontrolling interests or redeemable noncontrolling interests. Non-consolidated investments are accounted for using the equity method when we have the ability to significantly influence the operating decisions of the investee. When we do not have the ability to significantly influence the operating decisions of an investee, these equity securities are classified as either marketable investment securities or other investments, which will be initially recorded at cost, and based on observable market prices, will be adjusted to their fair value. We record fair value adjustments in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). All significant intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense for each reporting period. Estimates are based on historical experience, observable market inputs, and other reasonable assumptions in accounting for, among other things, allowances for credit losses (including those related to our installment billing programs) , self-insurance obligations, deferred taxes and related valuation allowances, uncertain tax positions, loss contingencies, fair value of financial instruments, fair value of options granted under EchoStar’s stock-based compensation plans, fair value of assets and liabilities acquired in business combinations, inputs used to recognize revenue over time, including the relative standalone selling prices of performance obligations, finance leases, asset impairments, estimates of future cash flows used to evaluate and recognize impairments, useful lives of property, equipment and intangible assets, incremental borrowing rate (“IBR”) on lease right of use assets, nonrefundable upfront fees, independent third-party retailer incentives, programming expenses, subscriber lives and likelihood of certain contingent events. Economic conditions may increase the inherent uncertainty in the estimates and assumptions indicated above. Actual results may differ from previously estimated amounts, and such differences may be material to our condensed consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected prospectively in the period they occur.
Fair Value Measurements	Fair Value Measurements We determine fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Market or observable inputs are the preferred source of values, followed by unobservable inputs or assumptions based on hypothetical transactions in the absence of market inputs. We apply the following hierarchy in determining fair value: ● Level 1, defined as observable inputs being quoted prices in active markets for identical assets; ● Level 2, defined as observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets and liabilities in active markets; and quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and ● Level 3, defined as unobservable inputs for which little or no market data exists, consistent with reasonably available assumptions made by other participants therefore requiring assumptions based on the best information available. As of September 30, 2024 and December 31, 2023, the carrying amount for cash and cash equivalents, trade accounts receivable (net of allowance for credit losses) and current liabilities (excluding the “Current portion of debt, finance lease and other obligations”) was equal to or approximated fair value due to their short-term nature or proximity to current market rates. Fair values of our marketable investment securities are measured on a recurring basis based on a variety of observable market inputs. For our investments in publicly traded equity securities and U.S. government securities, fair value ordinarily is determined based on Level 1 measurements that reflect quoted prices for identical securities in active markets. Fair values of our investments in other marketable debt securities are generally based on Level 2 measurements as the markets for such debt securities are less active. We consider trades of identical debt securities on or near the measurement date as a strong indication of fair value and matrix pricing techniques that consider par value, coupon rate, credit quality, maturity and other relevant features may also be used to determine fair value of our investments in marketable debt securities. Additionally, we use fair value measurements from time to time in connection with other investments, asset impairment testing and the assignment of purchase consideration to assets and liabilities of acquired companies. Those fair value measurements typically include significant unobservable inputs and are categorized within Level 3 of the fair value hierarchy. Transfers between levels in the fair value hierarchy are considered to occur at the beginning of the quarterly accounting period. See Note 4 for the fair value of our marketable investment securities. Fair values for our publicly traded debt securities are based on quoted market prices, when available. The fair values of private debt are based on, among other things, available trade information, and/or an analysis in which we evaluate market conditions, related securities, various public and private offerings, and other publicly available information. In performing this analysis, we make various assumptions regarding, among other things, credit spreads, and the impact of these factors on the value of the debt securities. See Note 7 for the fair value of our long-term debt.
Assets Recognized Related to the Costs to Obtain a Contract with a Customer	Assets Recognized Related to the Costs to Obtain a Contract with a Customer We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain sales incentive programs, including those with our independent third-party retailers, meet the requirements to be capitalized, and payments made under these programs are capitalized and amortized to expense over the estimated customer life or the contract term. These amounts are capitalized in “Prepaids and other assets” and “Other noncurrent assets, net” on our Condensed Consolidated Balance Sheets, and then amortized in “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).
Advertising Costs	Advertising Costs We recognize advertising expense when incurred as a component of “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Advertising expenses totaled $57 million and $95 million for the three months ended September 30, 2024 and 2023, respectively. Advertising expenses totaled $160 million and $293 million for the nine months ended September 30, 2024 and 2023, respectively.
Research and Development	Research and Development Research and development costs, not incurred in connection with customer requirements, are expensed as incurred and are included as a component of “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Research and development costs totaled $6 million and $11 million for the three months ended September 30, 2024 and 2023, respectively. Research and development costs totaled $20 million and $33 million for the nine months ended September 30, 2024 and 2023, respectively.
New Accounting Pronouncements	New Accounting Pronouncements Joint Ventures. On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60) (“ASU 2023-05”), which requires an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (ASC) master glossary to apply a new basis of accounting upon the formation of the joint venture. This standard will be effective for all joint venture formations with a formation date on or after January 1, 2025. A joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. Early adoption is permitted in any interim or annual period in which financial statements have not yet been issued or made available for issuance. We plan to adopt the standard if applicable and we expect the adoption of the standard will have an immaterial impact on our disclosures. Segment Reporting. On November 27, 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reporting Segment Disclosures (“ASU 2023-07”), which will enhance financial reporting by providing additional information about a public company’s significant segment expenses and more timely and detailed segment information reporting throughout the fiscal period. This standard will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We plan to adopt the standard when it becomes effective for us beginning in our fiscal year 2024 annual financial statements, and we expect the adoption of the standard will impact certain of our segment reporting disclosures. Income Taxes . On December 14, 2023, the FASB issued ASU 2023-9, Income Taxes (Topic 740) : Improvements to Income Tax Disclosures (“ASU 2023-09”), which will enhance income tax disclosures. ASU 2023-09 requires among other items disaggregated information in a reporting entity’s rate reconciliation table, clarification on uncertain tax positions and the related financial statement impact as well as information on income taxes paid on a disaggregated basis. This standard will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023-09 will have on our Condensed Consolidated Financial Statements and related disclosures.

Supplemental Data - Statement_2

Supplemental Data - Statements of Cash Flows (Tables)	9 Months Ended
Supplemental Data - Statements of Cash Flows (Tables)	Sep. 30, 2024
Supplemental Data - Statements of Cash Flows
Schedule of supplemental cash flow and other non-cash data	For the Nine Months Ended September 30, 2024 2023 (In thousands) Cash paid for interest $ 471,726 $ 506,172 Cash received for interest 20,843 10,706 Cash received for interest - Intercompany Loan 41,984 — Cash paid for income taxes, net of (refunds) 10,714 11,090 Cash paid for income taxes to DISH Network 391,326 568,689 Intercompany Loan - 2026 Tranche 4,718,517 — Vendor financing — 26,751

Marketable Investment Securit_2

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments
Schedule of marketable investment securities, restricted cash and cash equivalents, and other investment securities	As of September 30, December 31, 2024 2023 (In thousands) Marketable investment securities: Current marketable investment securities $ — $ 397 Restricted cash and cash equivalents (1) (2) 2,104,574 54,980 Other investments, net: Equity method investments (3) 19,389 90,168 Cost method investments 2,201 — Total other investments, net 21,590 90,168 Total marketable investment securities, restricted cash and cash equivalents, and other investments, net $ 2,126,164 $ 145,545 (1) Restricted marketable investment securities and restricted cash and cash equivalents are included in “Current restricted cash and cash equivalents” and “Restricted cash, cash equivalents and marketable investment securities” on our Condensed Consolidated Balance Sheets. (2) Includes $2.047 billion in proceeds received from the New DBS Financing, as detailed and defined in Note 7. (3) This decrease primarily resulted from our Invidi Technologies Corporation investment, discussed below.
Schedule of investments measured at fair value on a recurring basis	As of September 30, 2024 December 31, 2023 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (In thousands) Cash equivalents (including restricted) $ 2,427,597 $ 434,221 $ 1,993,376 $ — $ 411,571 $ 358,545 $ 53,026 $ — Debt securities (including restricted): Other $ — $ — $ — $ — $ 397 $ — $ 397 $ — Total $ — $ — $ — $ — $ 397 $ — $ 397 $ —
Schedule of Gains and Losses on Sales and Changes in Carrying Amounts of Investments and Other	For the Three Months Ended For the Nine Months Ended September 30, September 30, Other, net: 2024 2023 2024 2023 (In thousands) Gains (losses) related to early redemption of debt $ — $ 755 $ — $ 804 Equity in earnings (losses) of affiliates (3,345) (891) (68,257) (1,656) Other 75 201 122 243 Total $ (3,270) $ 65 $ (68,135) $ (609)

Inventory (Tables)

Inventory (Tables)	9 Months Ended
Inventory (Tables)	Sep. 30, 2024
Inventory
Schedule of inventory	As of September 30, December 31, 2024 2023 (In thousands) Finished goods $ 170,904 $ 208,049 Work-in-process and service repairs 31,187 35,457 Raw materials 7,289 24,335 Total inventory $ 209,380 $ 267,841

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Sep. 30, 2024
Property and Equipment
Schedule of property and equipment	Depreciable As of Life September 30, December 31, (In Years) 2024 2023 (In thousands) Equipment leased to customers 2 - 5 $ 1,040,595 $ 1,175,734 EchoStar XV 15 277,658 277,658 EchoStar XVIII 15 411,255 411,255 Satellites acquired under finance lease agreements 5 174,685 174,685 Furniture, fixtures, equipment and other 2 - 10 746,715 755,163 Software and computer equipment 2 - 5 1,225,577 1,197,632 Buildings and improvements 5 - 40 288,549 294,890 Land - 12,007 12,505 Construction in progress - 30,160 45,413 Total property and equipment 4,207,201 4,344,935 Accumulated depreciation (3,554,314) (3,536,870) Property and equipment, net $ 652,887 $ 808,065
Schedule of depreciation and amortization expense	For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Equipment leased to customers $ 38,489 $ 34,469 $ 110,062 $ 126,034 Satellites 20,073 20,073 60,219 60,219 Buildings, furniture, fixtures, equipment and other 5,426 6,259 14,887 18,994 Software and computer equipment 9,302 9,673 29,141 30,959 Total depreciation and amortization $ 73,290 $ 70,474 $ 214,309 $ 236,206
Schedule of pay-TV satellite fleet	Degree Launch Orbital Lease Satellites Date Location Termination Date Owned: EchoStar XV July 2010 61.5 N/A EchoStar XVIII June 2016 61.5 N/A Under Construction: EchoStar XXV (1) 2026 110 N/A Leased from DISH Network (2): EchoStar X February 2006 110 February 2025 EchoStar XI July 2008 110 February 2025 EchoStar XIV March 2010 119 February 2025 EchoStar XVI November 2012 61.5 January 2025 EchoStar XXIII March 2017 110 Month to Month Nimiq 5 (3) September 2009 72.7 October 2025 Leased from Other Third-Party: Anik F3 April 2007 118.7 April 2025 (1) EchoStar XXV. On March 20, 2023, DISH Network entered into a contract with Maxar Space LLC for the construction of EchoStar XXV, a DBS satellite that is capable of providing service to the continental United States (“CONUS”) and is intended to be used at the 110 degree orbital location. During the fourth quarter of 2023, DISH Network entered into an agreement with Space Exploration Technologies Corp (“SpaceX”) for launch services for this satellite, which is expected to be launched during 2026. (2) See Note 11 for further information on our Related Party Transactions. (3) Subsequent to September 30, 2024, we extended the Nimiq 5 lease with DISH Network and as a result, beginning in the fourth quarter of 2024, we will account for the Nimiq 5 lease as an operating lease.

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	9 Months Ended
Debt and Finance Lease Obligations (Tables)	Sep. 30, 2024
Debt and Finance Lease Obligations
Schedule of carrying and fair values of the entity's debt facilities	As of September 30, 2024 December 31, 2023 Issuer Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Current: 5 7/8% Senior Notes due 2024 DDBS $ 1,982,544 $ 1,978,559 $ 1,982,544 $ 1,872,275 Term Loan due 2025 (1) DBS SubscriberCo 500,000 500,000 — — Long-Term: 7 3/4% Senior Notes due 2026 DDBS 2,000,000 1,718,660 2,000,000 1,388,060 5 1/4% Senior Secured Notes due 2026 DDBS 2,750,000 2,536,875 2,750,000 2,366,073 7 3/8% Senior Notes due 2028 DDBS 1,000,000 729,150 1,000,000 600,160 5 3/4% Senior Secured Notes due 2028 DDBS 2,500,000 2,200,000 2,500,000 2,013,125 5 1/8% Senior Notes due 2029 DDBS 1,500,000 981,000 1,500,000 774,600 Term Loan due 2029 (1) DBS SubscriberCo 1,800,000 1,800,000 — — Mandatorily Redeemable Preferred Shares due 2029 (1) (2) DBS SubscriberCo 200,000 200,000 — — Subtotal 14,232,544 12,644,244 11,732,544 9,014,293 Other notes payable 32,350 32,350 42,678 42,678 Unamortized deferred financing costs and other debt discounts, net (161,218) — (26,812) — Finance lease obligations (3) — — 31,104 — Total long-term debt, finance lease and other obligations (including current portion) $ 14,103,676 $ 12,676,594 $ 11,779,514 $ 9,056,971 (1) See “New DISH DBS Financing” below for further information. (2) Due to the mandatory redemption feature of this instrument, it is considered a debt instrument. (3) Disclosure regarding fair value of finance leases is not required.

Disaggregation of Revenue (Tabl

Disaggregation of Revenue (Tables)	9 Months Ended
Disaggregation of Revenue (Tables)	Sep. 30, 2024
Disaggregation of Revenue
Schedule of disaggregation of revenue	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 $ 2,590,379 $ 2,761,678 $ 7,922,880 $ 8,541,867 Pay-TV equipment sales and other revenue 11,423 21,709 45,417 139,090 Total $ 2,601,802 $ 2,783,387 $ 7,968,297 $ 8,680,957

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2024
Revenue Recognition
Schedule of Valuation and Qualifying Accounts	For the Nine Months Ended September 30, 2024 (In thousands) Balance at beginning of period $ 34,884 Current period provision for expected credit losses 53,747 Write-offs charged against allowance (38,781) Balance at end of period $ 49,850
Schedule of Contract balances	As of September 30, December 31, 2024 2023 (In thousands) Contract liabilities $ 392,484 $ 427,319
Schedule of Contract Acquisition Costs	For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ 158,695 $ 198,454 $ 175,685 $ 230,146 Additions 21,007 20,923 55,391 57,317 Amortization expense (23,289) (30,309) (74,663) (98,395) Balance at end of period $ 156,413 $ 189,068 $ 156,413 $ 189,068

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Sep. 30, 2024
Related Party Transactions
Schedule of notes receivables from related party	As of September 30, 2024 Notes Receivable - DISH Network Principal Interest Total (In thousands) Intercompany Loan - DISH Network - 2028 Tranche $ 2,844,401 $ 56,888 $ 2,901,289 Q2 2024 Notes Receivable - DISH Network (1) 1,550,005 — 1,550,005 Q3 2024 Notes Receivable - DISH Network (1) 484,483 — 484,483 Total Notes Receivable - DISH Network $ 4,878,889 $ 56,888 $ 4,935,777 (1) Interest is recorded monthly as paid in kind.
Schedule of related party transaction	For the Three Months Ended For the Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) Purchases (including fees): Purchases from NagraStar $ 7,596 $ 8,972 $ 24,723 $ 28,012 As of September 30, December 31, 2024 2023 (In thousands) Amounts Payable and Commitments: Amounts payable to NagraStar $ 5,095 $ 9,821 Commitments to NagraStar $ 1,798 $ 1,727

Organization and Business Act_2

Organization and Business Activities (Details) $ / shares in Units, customer in Thousands, $ in Thousands				3 Months Ended	9 Months Ended
	Sep. 29, 2024 USD ($)	Jan. 10, 2024 USD ($)	Feb. 11, 2022 USD ($)	Sep. 30, 2024 USD ($) customer	Sep. 30, 2024 USD ($) customer segment $ / shares	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Organization and Business Activities
Number of business segment \| segment					1
Proceeds from issuance of debt					$ 2,500,000
Principal				$ 4,878,889	4,878,889	$ 7,515,077
Cash and cash equivalents and marketable investment securities				2,387,000	2,387,000
Dish DBS \| DIRECTV Holdings, LLC
Organization and Business Activities
Permitted cash transfer cap				$ 1,520,000	$ 1,520,000
Cash purchase price, per share \| $ / shares					$ 1
5 7/8% Senior Notes due 2024
Organization and Business Activities
Interest rate (as a percent)				7.875%	7.875%
Long-term debt, gross				$ 1,983,000	$ 1,983,000
New DISH DBS Financing
Organization and Business Activities
Aggregate principal amount	$ 2,500,000			2,500,000	2,500,000
Debt issuance cost				136,000	136,000
Proceeds from issuance of debt	$ 2,047,000			2,047,000
DISH Network L.L.C.
Organization and Business Activities
Notes and other receivable				$ 4,606,000	$ 4,606,000
Intercompany loan
Organization and Business Activities
Proceeds from related party debt		$ 4,700,000
Pay-TV subscribers
Organization and Business Activities
Number of subscribers \| customer				8,031	8,031
DISH TV subscribers
Organization and Business Activities
Number of subscribers \| customer				5,888	5,888
SLING TV subscribers
Organization and Business Activities
Number of subscribers \| customer				2,143	2,143
Dish Network \| Related Party
Organization and Business Activities
Principal				$ 4,878,889	$ 4,878,889	7,496,000	$ 5,250,000
Advanced an additional amount			$ 1,500,000
Dish Network \| Related Party \| Intercompany Loan 2028 - Tranche
Organization and Business Activities
Principal				2,844,401	2,844,401	7,496,000
Interest receivable				$ 57,000	$ 57,000
Dish Network \| 5 1/4% Senior Secured Notes due 2026 \| Related Party
Organization and Business Activities
Interest rate (as a percent)				5.25%	5.25%
Dish Network \| 5 3/4% Senior Secured Notes due 2028 \| Related Party
Organization and Business Activities
Interest rate (as a percent)				5.75%	5.75%
Dish Network \| Intercompany loan \| Related Party \| Intercompany Loan 2028 - Tranche
Organization and Business Activities
Interest receivable						$ 37,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Advertising Costs and Research and Development (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Advertising Costs
Advertising expenses	$ 57	$ 95	$ 160	$ 293
Research and Development
Research and development costs	$ 6	$ 11	$ 20	$ 33

Supplemental Data - Statement_3

Supplemental Data - Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash paid for interest	$ 471,726	$ 506,172
Cash received for interest	20,843	10,706
Cash paid for income taxes, net of (refunds)	10,714	11,090
Cash paid for income taxes to DISH Network	391,326	568,689
Intercompany Loan - 2026 Tranche	4,718,517
Vendor financing		$ 26,751
Intercompany loan
Cash received for interest	$ 41,984

Supplemental Data - EchoStar Ex

Supplemental Data - EchoStar Exchange Offer (Details) - EchoStar $ / shares in Units, shares in Millions, $ in Millions	Mar. 04, 2024 USD ($) employee $ / shares shares	Apr. 01, 2024 shares
Exchange Offer \| $	$ 9
Stock Options
Shares of common stock available for future grant under stock incentive plans		7
Stock Awards Outstanding (in shares)	3
Number of employees affected by stock option adjustment \| employee	580
Outstanding, Weighted-Average Exercise Price (in dollars per share) \| $ / shares	$ 14.04

Marketable Investment Securit_3

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Investment Securities, Restricted Cash and Cash Equivalents and Other Investment Securities:
Current marketable investment securities		$ 397
Restricted cash and cash equivalents	$ 2,104,574	54,980
Equity method investments	19,389	90,168
Cost method investments	2,201
Total other investments, net	21,590	90,168
Total marketable investment securities, restricted cash and cash equivalents, and other investments, net	$ 2,126,164	$ 145,545

Marketable Investment Securit_4

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments - Narrative (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 29, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) item	Sep. 30, 2023 USD ($)	Feb. 28, 2017
Other investment securities:
Equity in earnings (losses) of affiliates		$ (3,345)	$ (891)	$ (68,257)	$ (1,656)
Proceeds from Issuance of Debt				$ 2,500,000
NagraStar
Other investment securities:
Ownership interest in equity method investment		50%		50%		50%
Number of technologies provided to customers \| item				3
Invidi Technologies Corporation
Other investment securities:
Ownership interest in equity method investment		35%		35%
Equity in earnings (losses) of affiliates		$ (63,000)
New DISH DBS Financing
Other investment securities:
Proceeds from Issuance of Debt	$ 2,047,000	$ 2,047,000
5 7/8% Senior Notes due 2024
Other investment securities:
Interest rate (as a percent)		7.875%		7.875%
Maximum \| Commercial Paper
Other investment securities:
Debt term of Maturity				365 days
Maximum \| Corporate securities
Other investment securities:
Debt term of Maturity				18 months

Marketable Investment Securit_5

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments - Fair Value Measurements (Details) - Fair value measurements on recurring basis - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair value of marketable securities
Cash equivalents (including restricted)	$ 2,427,597	$ 411,571
Total		397
Other (including restricted)
Fair value of marketable securities
Other		397
Level 1
Fair value of marketable securities
Cash equivalents (including restricted)	434,221	358,545
Level 2
Fair value of marketable securities
Cash equivalents (including restricted)	$ 1,993,376	53,026
Total		397
Level 2 \| Other (including restricted)
Fair value of marketable securities
Other		$ 397

Marketable Investment Securit_6

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments - Gains and Losses on Sales and Changes in Carrying Amounts of Investments and Other (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments
Gains (losses) related to early redemption of debt		$ 755		$ 804
Equity in earnings (losses) of affiliates	$ (3,345)	(891)	$ (68,257)	(1,656)
Other	75	201	122	243
Total	$ (3,270)	$ 65	$ (68,135)	$ (609)

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory
Finished goods	$ 170,904	$ 208,049
Work-in-process and service repairs	31,187	35,457
Raw materials	7,289	24,335
Total inventory	$ 209,380	$ 267,841

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property and Equipment
Total property and equipment	$ 4,207,201	$ 4,344,935
Accumulated depreciation	(3,554,314)	(3,536,870)
Property and equipment, net	652,887	808,065
Equipment leased to customers
Property and Equipment
Total property and equipment	$ 1,040,595	1,175,734
Equipment leased to customers \| Minimum
Property and Equipment
Depreciable life of assets	2 years
Equipment leased to customers \| Maximum
Property and Equipment
Depreciable life of assets	5 years
EchoStar XV
Property and Equipment
Total property and equipment	$ 277,658	277,658
Depreciable life of assets	15 years
EchoStar XVIII
Property and Equipment
Total property and equipment	$ 411,255	411,255
Depreciable life of assets	15 years
Satellites acquired under finance lease agreements
Property and Equipment
Total property and equipment	$ 174,685	174,685
Depreciable life of assets	5 years
Furniture, fixtures, equipment and other
Property and Equipment
Total property and equipment	$ 746,715	755,163
Furniture, fixtures, equipment and other \| Minimum
Property and Equipment
Depreciable life of assets	2 years
Furniture, fixtures, equipment and other \| Maximum
Property and Equipment
Depreciable life of assets	10 years
Software and computer equipment
Property and Equipment
Total property and equipment	$ 1,225,577	1,197,632
Software and computer equipment \| Minimum
Property and Equipment
Depreciable life of assets	2 years
Software and computer equipment \| Maximum
Property and Equipment
Depreciable life of assets	5 years
Buildings and improvements
Property and Equipment
Total property and equipment	$ 288,549	294,890
Buildings and improvements \| Minimum
Property and Equipment
Depreciable life of assets	5 years
Buildings and improvements \| Maximum
Property and Equipment
Depreciable life of assets	40 years
Land
Property and Equipment
Total property and equipment	$ 12,007	12,505
Construction in progress
Property and Equipment
Total property and equipment	$ 30,160	$ 45,413

Property and Equipment - Deprec

Property and Equipment - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Depreciation and amortization expense
Total depreciation and amortization	$ 73,290	$ 70,474	$ 214,309	$ 236,206
Equipment leased to customers
Depreciation and amortization expense
Total depreciation and amortization	38,489	34,469	110,062	126,034
Satellites
Depreciation and amortization expense
Total depreciation and amortization	20,073	20,073	60,219	60,219
Buildings, furniture, fixtures, equipment and other
Depreciation and amortization expense
Total depreciation and amortization	5,426	6,259	14,887	18,994
Software and computer equipment
Depreciation and amortization expense
Total depreciation and amortization	$ 9,302	$ 9,673	$ 29,141	$ 30,959

Property and Equipment - Satell

Property and Equipment - Satellites (Details) - Pay-TV Satellites	9 Months Ended
	Sep. 30, 2024 item
Property and Equipment
Number of satellites utilized in geostationary orbit approximately 22,300 miles above the equator	9
Owned Satellites	2
Number of satellites leased from third parties	1
Distance of satellites utilized in geostationary	22,300
Related Party \| Dish Network
Property and Equipment
Number of satellites utilized under operating lease	6

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Long term debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Apr. 26, 2024	Dec. 31, 2023
5 7/8% Senior Notes due 2024
Long-term debt
Carrying Amount	$ 1,983,000
Interest rate (as a percent)	7.875%
D I S H D B S Corporation
Long-term debt
Carrying Amount	$ 14,232,544		$ 11,732,544
Fair Value	12,644,244		9,014,293
Unamortized deferred financing costs and debt discounts, net	(161,218)		(26,812)
Finance lease obligations			31,104
Total long-term debt and finance lease obligations (including current portion)	14,103,676		11,779,514
Total long-term debt and finance lease obligations (including current portion)	12,676,594		9,056,971
D I S H D B S Corporation \| 5 7/8% Senior Notes due 2024
Long-term debt
Carrying Amount	1,982,544		1,982,544
Fair Value	$ 1,978,559		$ 1,872,275
Interest rate (as a percent)	5.875%		5.875%
D I S H D B S Corporation \| Term Loan due 2025
Long-term debt
Carrying Amount	$ 500,000
Fair Value	500,000
D I S H D B S Corporation \| 7 3/4% Senior Notes due 2026
Long-term debt
Carrying Amount	2,000,000		$ 2,000,000
Fair Value	$ 1,718,660		$ 1,388,060
Interest rate (as a percent)	7.75%	7.75%	7.75%
D I S H D B S Corporation \| 5 1/4% Senior Secured Notes due 2026
Long-term debt
Carrying Amount	$ 2,750,000		$ 2,750,000
Fair Value	$ 2,536,875		$ 2,366,073
Interest rate (as a percent)	5.25%		5.25%
D I S H D B S Corporation \| 7 3/8% Senior Notes due 2028
Long-term debt
Carrying Amount	$ 1,000,000		$ 1,000,000
Fair Value	$ 729,150		$ 600,160
Interest rate (as a percent)	7.375%		7.375%
D I S H D B S Corporation \| 5 3/4% Senior Secured Notes due 2028
Long-term debt
Carrying Amount	$ 2,500,000		$ 2,500,000
Fair Value	$ 2,200,000		$ 2,013,125
Interest rate (as a percent)	5.75%	5.75%	5.75%
D I S H D B S Corporation \| 5 1/8% Senior Notes due 2029
Long-term debt
Carrying Amount	$ 1,500,000		$ 1,500,000
Fair Value	$ 981,000		$ 774,600
Interest rate (as a percent)	5.125%		5.125%
D I S H D B S Corporation \| Term Loan due 2029
Long-term debt
Carrying Amount	$ 1,800,000
Fair Value	1,800,000
D I S H D B S Corporation \| Mandatorily Redeemable Preferred Shares due 2029
Long-term debt
Carrying Amount	200,000
Fair Value	200,000
D I S H D B S Corporation \| Other notes payable
Long-term debt
Carrying Amount	32,350		$ 42,678
Fair Value	$ 32,350		$ 42,678

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - DISH DBS Exchange Offers (Details) - D I S H D B S Corporation	Sep. 30, 2024	Apr. 26, 2024	Dec. 31, 2023
5 1/4% Senior Secured Notes due 2026
Long-term debt
Interest rate (as a percent)	5.25%		5.25%
5 1/4% First Lien Notes due 2026
Long-term debt
Interest rate (as a percent)	5.25%
5 3/4% Senior Secured Notes due 2028
Long-term debt
Interest rate (as a percent)	5.75%	5.75%	5.75%
5 3/4 % First Lien Notes due 2028
Long-term debt
Interest rate (as a percent)	5.75%
7 3/4% Senior Notes due 2026
Long-term debt
Interest rate (as a percent)	7.75%	7.75%	7.75%
7 3/4% Second Lien Notes due 2026
Long-term debt
Interest rate (as a percent)	7.75%
7 3/8% Senior Notes due 2028
Long-term debt
Interest rate (as a percent)	7.375%		7.375%
7 3/8 % Second Lien Notes due 2028
Long-term debt
Interest rate (as a percent)	7.375%
5 1/8% Senior Notes due 2029
Long-term debt
Interest rate (as a percent)	5.125%		5.125%
5 1/8% Second Lien Notes due 2029
Long-term debt
Interest rate (as a percent)	5.125%

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - New DISH DBS Financing (Details) $ in Thousands		3 Months Ended	9 Months Ended
	Sep. 29, 2024 USD ($) D	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Long-term debt
Proceeds from issuance of debt			$ 2,500,000
New DISH DBS Financing
Long-term debt
Aggregate principal amount	$ 2,500,000	$ 2,500,000	$ 2,500,000
Proceeds from issuance of debt	2,047,000	$ 2,047,000
Prepayment penalty	$ 0
Number of days for zero prepayment penalty \| D	180
5 7/8% Senior Notes due November 15, 2024
Long-term debt
Interest rate (as a percent)	5.875%

Debt and Finance Lease Obliga_6

Debt and Finance Lease Obligations - Term Loans (Details) - DBS Subscriber Co item in Millions, $ in Millions	Sep. 29, 2024 USD ($) item
Long-term debt
Aggregate principal amount	$ 2,300
Term loans
Long-term debt
Number of subscribers \| item	3
Term Loan due 2025
Long-term debt
Aggregate principal amount	$ 500
Interest rate (as a percent)	11%
Term Loan due 2029
Long-term debt
Aggregate principal amount	$ 1,800
Term Loan due 2029 \| Interest rate from financing closing date until the date that is 12 Months thereafter
Long-term debt
Interest rate (as a percent)	10.75%
Term Loan due 2029 \| Interest rate from the date that is 12 months thereafter until maturity
Long-term debt
Interest rate (as a percent)	11.25%
Roll-up Incremental Term Loans
Long-term debt
Percentage of difference between the aggregate principal amount of such notes and the purchase price	15%
Roll-up Incremental Term Loans \| Interest rate from financing closing date until the date that is 12 Months thereafter
Long-term debt
Interest rate (as a percent)	11%
Roll-up Incremental Term Loans \| Interest rate from the date that is 12 months thereafter until maturity
Long-term debt
Interest rate (as a percent)	11.50%
2028 DBS Notes and 2029 DBS Notes
Long-term debt
Percentage of difference between the aggregate principal amount of such notes and the purchase price	20%

Debt and Finance Lease Obliga_7

Debt and Finance Lease Obligations - Mandatorily Redeemable Preferred Shares Due 2029 (Details) - DBS Subscriber Co - Mandatorily Redeemable Preferred Shares due 2029 $ in Millions	Sep. 29, 2024 USD ($)
Long-term debt
Aggregate liquidation preference	$ 200
Rate from and including the financing closing date and until but excluding the date that is 12 months thereafter
Long-term debt
Interest rate (as a percent)	13.25%
Rate from and including the date that is 12 months after the financing closing date and until maturity
Long-term debt
Interest rate (as a percent)	13.75%

Debt and Finance Lease Obliga_8

Debt and Finance Lease Obligations - DBS SubscriberCo Intercompany Loan (Eliminated in Consolidations at DISH DBS (Details) - DBS Subscriber Co - DBS Subscriber Co intercompany loan - USD ($) $ in Millions	Sep. 30, 2024	Sep. 29, 2024	Sep. 27, 2024
Long-term debt
Intercompany loans	$ 323		$ 323
Interest rate for the first twelve months following the effective date of loan
Long-term debt
Interest rate (as a percent)		11%
Interest rate after first 12 months [Member]
Long-term debt
Interest rate (as a percent)		11.50%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details)						9 Months Ended	36 Months Ended
Commitments and Contingencies - Narrative (Details)	Sep. 29, 2024 plaintiff	Sep. 27, 2024 plaintiff	May 09, 2023 claim	Sep. 20, 2022 USD ($)	Sep. 23, 2016 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Apr. 26, 2024	Mar. 10, 2023 USD ($)
Commitments and Contingencies
Number of new claims filed \| claim			10
Data Breach Class Actions
Commitments and Contingencies
Number of plaintiffs \| plaintiff		8
Number of shareholders who filed lawsuits \| plaintiff	3	11
D I S H D B S Corporation \| 7 3/4% Senior Notes due 2026
Commitments and Contingencies
Interest rate (as a percent)						7.75%	7.75%	7.75%
D I S H D B S Corporation \| 5 3/4% Senior Secured Notes due 2028
Commitments and Contingencies
Interest rate (as a percent)						5.75%	5.75%	5.75%
Related Party \| EchoStar
Commitments and Contingencies
Total investment						$ 30,000,000,000
Related Party \| Spectrum Investments \| EchoStar
Commitments and Contingencies
5G Network deployment						10,000,000,000	$ 10,000,000,000
Northstar Wireless or Northstar Spectrum \| AWS 3 Auction \| Vermont National
Commitments and Contingencies
Bidding credit credits					25%
Recovery amount					$ 10,000,000,000
Bidding credit value					3,300,000,000
Northstar Wireless or Northstar Spectrum \| AWS 3 Auction \| Vermont National \| Maximum
Commitments and Contingencies
Claim amount					11,000
Northstar Wireless or Northstar Spectrum \| AWS 3 Auction \| Vermont National \| Minimum
Commitments and Contingencies
Claim amount					$ 5,500
ClearPlay, Inc.
Commitments and Contingencies
Loss contingency									$ 469,000,000
TQ Delta LLC
Commitments and Contingencies
Loss contingency						$ 251,000,000
Realtime Adaptive Streaming Litigation
Commitments and Contingencies
Attorney fees awarded				$ 3,900,000

Disaggregation of Revenue - Rev

Disaggregation of Revenue - Revenue from external customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue
Revenue	$ 2,601,802	$ 2,783,387	$ 7,968,297	$ 8,680,957
Pay-TV subscriber and related revenue
Disaggregation of Revenue
Revenue	2,590,379	2,761,678	7,922,880	8,541,867
Pay-TV equipment sales and other revenue
Disaggregation of Revenue
Revenue	$ 11,423	$ 21,709	$ 45,417	$ 139,090

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 34,884
Current period provision for expected credit losses	53,747
Write-offs charged against allowance	(38,781)
Balance at end of period	$ 49,850
Remaining performance obligations	true

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Revenue Recognition
Contract liabilities	$ 392,484	$ 427,319
Contract liability recorded as customer contract revenue	$ 424,000

Revenue Recognition - Contrac_2

Revenue Recognition - Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition
Balance at beginning of period	$ 158,695	$ 198,454	$ 175,685	$ 230,146
Additions	21,007	20,923	55,391	57,317
Amortization expense	(23,289)	(30,309)	(74,663)	(98,395)
Balance at end of period	$ 156,413	$ 189,068	$ 156,413	$ 189,068

Related Party Transactions - No

Related Party Transactions - Notes Receivable Balance With Dish Network (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2021
Related Party Transaction [Line Items]
Principal	$ 4,878,889	$ 7,515,077
Interest	56,888	17,761
Related Party \| DISH Network
Related Party Transaction [Line Items]
Principal	4,878,889	7,496,000	$ 5,250,000
Interest	56,888
Total Notes Receivable - DISH Network	4,935,777
Related Party \| Intercompany Loan - DISH Network - 2028 Tranche \| DISH Network
Related Party Transaction [Line Items]
Principal	2,844,401	7,496,000
Interest	56,888	$ 18,000
Total Notes Receivable - DISH Network	2,901,289
Related Party \| Q2 2024 Notes Receivable - DISH Network \| DISH Network
Related Party Transaction [Line Items]
Principal	1,550,005
Total Notes Receivable - DISH Network	1,550,005
Related Party \| Q3 2024 Notes Receivable - DISH Network \| DISH Network
Related Party Transaction [Line Items]
Principal	484,483
Total Notes Receivable - DISH Network	$ 484,483

Related Party Transactions - DI

Related Party Transactions - DISH Network (Details) $ in Thousands				1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 10, 2024 USD ($)	Nov. 01, 2023	Feb. 11, 2022 USD ($)	Feb. 28, 2018 item	Sep. 30, 2024 USD ($) tranche	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) tranche	Sep. 30, 2023 USD ($)	Dec. 31, 2009 item	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Principal					$ 4,878,889		$ 4,878,889				$ 7,515,077
Financing Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration]					Related Party		Related Party				Related Party
Interest income							$ 93,257	$ 260,671
Interest					$ 56,888		$ 56,888				$ 17,761
Interest Receivable Current, Related Party, Type [Extensible Enumeration]					Related Party		Related Party				Related Party
Depreciation and amortization					$ 73,290	$ 70,474	$ 214,309	236,206
Interest expense, net of amounts capitalized					184,543	184,407	554,184	567,718
Selling, General and Administrative Expense					$ 273,792	356,125	$ 821,486	1,072,027
Intercompany Loan 2028 - Tranche
Related Party Transaction [Line Items]
Financing Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration]					Related Party		Related Party				Related Party
Financing Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Name [Extensible Enumeration]					Dish Network		Dish Network				Dish Network
Nimiq 5 Agreement
Related Party Transaction [Line Items]
Agreement Renewal Option Term							1 year
Depreciation and amortization					$ 9,000	9,000	$ 26,000	26,000
Interest expense, net of amounts capitalized							1,000	4,000
Nimiq 5 Agreement \| Maximum
Related Party Transaction [Line Items]
Interest expense, net of amounts capitalized					1,000	1,000
TT&C Agreement
Related Party Transaction [Line Items]
Purchase of renewal of agreement				1 year
Selling General Admin Services EchoStar [Member]
Related Party Transaction [Line Items]
Expenses associated with services					$ 8,000	3,000	$ 18,000	7,000
Intercompany loan
Related Party Transaction [Line Items]
Proceeds from related party debt	$ 4,700,000
EchoStar \| Telesat Transponder Agreement \| Related Party
Related Party Transaction [Line Items]
Agreement term with third party									15 years
Number of DBS transponders available to receive services \| item									32
EchoStar \| DISH Nimiq 5 Agreement \| Related Party
Related Party Transaction [Line Items]
Number of DBS transponders currently used \| item									32
EchoStar \| TT&C Agreement \| Related Party
Related Party Transaction [Line Items]
Notice period for termination of agreement				12 months
Dish Network \| Related Party
Related Party Transaction [Line Items]
Number of tranches \| tranche					2		2
Principal					$ 4,878,889		$ 4,878,889				$ 7,496,000	$ 5,250,000
Advanced an additional amount			$ 1,500,000
Term of debt instrument							2 years
Fixed rate					0.25%		0.25%
Paid in kind Interest rate					0.75%		0.75%
Percent of loan repayable							100%
Interest income					$ 42,000	110,000	$ 136,000	331,000
Interest					56,888		56,888
Satellite and transmission expenses					$ 52,000	52,000	$ 156,000	154,000
Dish Network \| Related Party \| 5 1/4% Senior Secured Notes due 2026
Related Party Transaction [Line Items]
Interest rate (as a percent)					5.25%		5.25%
Dish Network \| Related Party \| 5 3/4% Senior Secured Notes due 2028
Related Party Transaction [Line Items]
Interest rate (as a percent)					5.75%		5.75%
Dish Network \| Related Party \| Intercompany Loan 2028 - Tranche
Related Party Transaction [Line Items]
Principal					$ 2,844,401		$ 2,844,401				7,496,000
Interest Receivable					57,000		57,000
Interest					56,888		56,888				18,000
Interest receivable - DISH Network - Paid in kind											$ 19,000
Dish Network \| Related Party \| Intercompany Loan 2026 - Tranche \| Minimum
Related Party Transaction [Line Items]
Interest payment due		50%
Dish Network \| Related Party \| Q2 2024 Notes Receivable - DISH Network
Related Party Transaction [Line Items]
Principal					1,550,005		1,550,005
Dish Network \| Related Party \| Q3 2024 Notes Receivable - DISH Network
Related Party Transaction [Line Items]
Principal					484,483		484,483
Dish Network \| TT&C Agreement \| Related Party
Related Party Transaction [Line Items]
Number of automatic renewal period \| item				4
Dish Network \| Broadband, Wireless and Other Segments \| Related Party
Related Party Transaction [Line Items]
Expenses associated with services					$ 33,000	$ 31,000	$ 102,000	$ 97,000
Dish Network \| Intercompany loan \| Intercompany Loan 2028 - Tranche
Related Party Transaction [Line Items]
Interest Receivable Current, Related Party, Name [Extensible Enumeration]					Dish Network		Dish Network				Dish Network
Interest Receivable Current, Related Party, Type [Extensible Enumeration]					Related Party		Related Party				Related Party
Dish Network \| Intercompany loan \| Related Party \| Intercompany Loan 2028 - Tranche
Related Party Transaction [Line Items]
Interest Receivable											$ 37,000
Dish Network \| Intercompany loan \| Related Party \| Q2 2024 Notes Receivable - DISH Network
Related Party Transaction [Line Items]
Principal										$ 1,508,000
Note receivable amount outstanding plus interest paid in kind					$ 1,550,000		$ 1,550,000
Interest income					26,000		47,000
Dish Network \| Intercompany loan \| Related Party \| Q3 2024 Notes Receivable - DISH Network
Related Party Transaction [Line Items]
Principal					481,000		481,000
Note receivable amount outstanding plus interest paid in kind					484,000		484,000
Interest income					$ 5,000		$ 5,000

Related Party Transactions - Na

Related Party Transactions - NagraStar and Dish Mexico (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Feb. 28, 2017
Related Party Transaction [Line Items]
Amounts payable to NagraStar	$ 185,176		$ 185,176		$ 248,640
NagraStar
Related Party Transaction [Line Items]
Interest on equity method investment	50%		50%			50%
NagraStar \| Related Party
Related Party Transaction [Line Items]
Purchases from NagraStar	$ 7,596	$ 8,972	$ 24,723	$ 28,012
Amounts payable to NagraStar	5,095		5,095		9,821
Commitments to NagraStar	$ 1,798		$ 1,798		$ 1,727