Cover Page
Cover Page - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Feb. 15, 2022 | Jun. 30, 2021 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Current Fiscal Year End Date | --12-31 | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Transition Report | false | ||
Entity File Number | 001-33807 | ||
Entity Registrant Name | EchoStar Corporation | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 26-1232727 | ||
Entity Address, Address Line One | 100 Inverness Terrace East, | ||
Entity Address, City or Town | Englewood, | ||
Entity Address, State or Province | CO | ||
Entity Address, Postal Zip Code | 80112-5308 | ||
City Area Code | (303) | ||
Local Phone Number | 706-4000 | ||
Title of 12(b) Security | Class A common stock | ||
Security Exchange Name | NASDAQ | ||
Trading Symbol | SATS | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity Shell Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Public Float | $ 976.8 | ||
Documents Incorporated by Reference | Portions of the registrant’s definitive Proxy Statement to be filed in connection with its 2022 Annual Meeting of Shareholders are incorporated by reference in Part III. | ||
Entity Central Index Key | 0001415404 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2021 | ||
Document Fiscal Period Focus | FY | ||
Common Class A | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 38,169,758 | ||
Common Class B | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 47,687,039 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2021 | |
Auditor Information [Abstract] | |
Auditor Name | KPMG LLP |
Auditor Location | Denver, CO |
Auditor Firm ID | 185 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 535,894 | $ 896,005 |
Marketable investment securities | 1,010,496 | 1,638,271 |
Trade accounts receivable and contract assets, net | 182,063 | 183,989 |
Other current assets, net | 198,444 | 189,821 |
Total current assets | 1,926,897 | 2,908,086 |
Non-current assets: | ||
Property and equipment, net | 2,338,285 | 2,390,313 |
Operating lease right-of-use assets | 149,198 | 128,303 |
Goodwill | 511,086 | 511,597 |
Regulatory authorizations, net | 469,766 | 478,762 |
Other intangible assets, net | 13,984 | 18,433 |
Other investments, net | 297,747 | 284,937 |
Other non-current assets, net | 338,241 | 352,921 |
Total non-current assets | 4,118,307 | 4,165,266 |
Total assets | 6,045,204 | 7,073,352 |
Current liabilities: | ||
Trade accounts payable | 109,338 | 122,366 |
Current portion of long-term debt, net | 0 | 898,237 |
Contract liabilities | 141,343 | 104,569 |
Accrued expenses and other current liabilities | 209,442 | 299,999 |
Total current liabilities | 460,123 | 1,425,171 |
Non-current liabilities: | ||
Long-term debt, net | 1,495,994 | 1,495,256 |
Deferred tax liabilities, net | 403,684 | 359,896 |
Operating lease liabilities | 134,897 | 114,886 |
Other non-current liabilities | 136,426 | 70,893 |
Total non-current liabilities | 2,171,001 | 2,040,931 |
Total liabilities | 2,631,124 | 3,466,102 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Preferred stock | 0 | 0 |
Additional paid-in capital | 3,345,878 | 3,321,426 |
Accumulated other comprehensive income (loss) | (212,102) | (187,876) |
Accumulated earnings (losses) | 656,466 | 583,591 |
Treasury shares, at cost | (436,521) | (174,912) |
Total EchoStar Corporation stockholders' equity | 3,353,827 | 3,542,334 |
Non-controlling interests | 60,253 | 64,916 |
Total stockholders' equity | 3,414,080 | 3,607,250 |
Total liabilities and stockholders' equity | 6,045,204 | 7,073,352 |
Common Class A | ||
Stockholders' equity: | ||
Common stock | 58 | 57 |
Common Class B | ||
Stockholders' equity: | ||
Common stock | 48 | 48 |
Common Class C | ||
Stockholders' equity: | ||
Common stock | 0 | 0 |
Common Class D | ||
Stockholders' equity: | ||
Common stock | $ 0 | $ 0 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 4,000,000,000 | 4,000,000,000 |
Common Class A | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 1,600,000,000 | 1,600,000,000 |
Common stock, shares issued (in shares) | 58,059,622 | 57,254,201 |
Common stock, shares outstanding (in shares) | 38,726,923 | 48,863,374 |
Common Class B | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 800,000,000 | 800,000,000 |
Common stock, shares issued (in shares) | 47,687,039 | 47,687,039 |
Common stock, shares outstanding (in shares) | 47,687,039 | 47,687,039 |
Common Class C | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 800,000,000 | 800,000,000 |
Common stock, shares issued (in shares) | 0 | 0 |
Common stock, shares outstanding (in shares) | 0 | 0 |
Common Class D | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 800,000,000 | 800,000,000 |
Common stock, shares issued (in shares) | 0 | 0 |
Common stock, shares outstanding (in shares) | 0 | 0 |
Preferred Stock | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Total revenue | $ 1,985,720 | $ 1,887,907 | $ 1,886,081 |
Costs and expenses: | |||
Selling, general and administrative expenses | 461,705 | 474,912 | 509,145 |
Research and development expenses | 31,777 | 29,448 | 25,739 |
Depreciation and amortization | 491,329 | 525,011 | 490,765 |
Impairment of long-lived assets | 245 | 1,685 | 0 |
Total costs and expenses | 1,768,710 | 1,775,434 | 1,813,004 |
Operating income (loss) | 217,010 | 112,473 | 73,077 |
Other income (expense): | |||
Interest income, net | 22,801 | 39,982 | 82,352 |
Interest expense, net of amounts capitalized | (95,512) | (147,927) | (251,016) |
Gains (losses) on investments, net | 69,531 | (31,306) | 28,912 |
Equity in earnings (losses) of unconsolidated affiliates, net | (5,170) | (7,267) | (14,734) |
Foreign currency transaction gains (losses), net | (12,613) | 6,015 | (11,590) |
Other-than-temporary impairment losses on equity method investments | (55,266) | 0 | 0 |
Other, net | (12,434) | 195 | (166) |
Total other income (expense), net | (88,663) | (140,308) | (166,242) |
Income (loss) from continuing operations before income taxes | 128,347 | (27,835) | (93,165) |
Income tax benefit (provision), net | (65,626) | (24,069) | (20,488) |
Net income (loss) from continuing operations | 62,721 | (51,904) | (113,653) |
Net income (loss) from discontinued operations | 0 | 0 | 39,401 |
Net income (loss) | 62,721 | (51,904) | (74,252) |
Less: Net loss (income) attributable to non-controlling interests | 10,154 | 11,754 | 11,335 |
Net income (loss) attributable to EchoStar Corporation common stock | $ 72,875 | $ (40,150) | $ (62,917) |
Earnings (losses) per share - Class A and B common stock: | |||
Basic earnings (loss) from continuing operations per share (in dollars per share) | $ 0.81 | $ (0.41) | $ (1.06) |
Diluted earnings (loss) from continuing operations per share (in dollars per share) | 0.81 | (0.41) | (1.06) |
Total basic earnings (loss) per share (in dollars per share) | 0.81 | (0.41) | (0.65) |
Total diluted earnings (loss) per share (in dollars per share) | $ 0.81 | $ (0.41) | $ (0.65) |
Services and other revenue | |||
Total revenue | $ 1,715,287 | $ 1,682,304 | $ 1,619,271 |
Costs and expenses: | |||
Cost of sales | 551,679 | 577,943 | 561,353 |
Equipment revenue | |||
Total revenue | 270,433 | 205,603 | 266,810 |
Costs and expenses: | |||
Cost of sales | $ 231,975 | $ 166,435 | $ 226,002 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | |||
Net income (loss) | $ 62,721 | $ (51,904) | $ (74,252) |
Other comprehensive income (loss), net of tax: | |||
Foreign currency translation adjustments | (24,061) | (83,736) | 2,845 |
Unrealized gains (losses) on available-for-sale securities | 463 | (253) | 2,571 |
Other | (5,005) | 2,614 | 1,466 |
Amounts reclassified to net income (loss): | |||
Realized losses (gains) on available-for-sale debt securities | (12) | (2) | (592) |
Total other comprehensive income (loss), net of tax | (28,615) | (81,377) | 6,290 |
Comprehensive income (loss) | 34,106 | (133,281) | (67,962) |
Less: Comprehensive income (loss) attributable to non-controlling interests | (14,543) | (27,392) | (8,007) |
Comprehensive income (loss) attributable to EchoStar Corporation | $ 48,649 | $ (105,889) | $ (59,955) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative effect of accounting changes | Cumulative Effect, Period of Adoption, Adjusted Balance | Common Stock | Common StockCumulative Effect, Period of Adoption, Adjusted Balance | Additional Paid-In Capital | Additional Paid-In CapitalCumulative Effect, Period of Adoption, Adjusted Balance | Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjusted Balance | Accumulated Earnings (Losses) | Accumulated Earnings (Losses)Cumulative effect of accounting changes | Accumulated Earnings (Losses)Cumulative Effect, Period of Adoption, Adjusted Balance | Treasury Shares, at cost | Treasury Shares, at costCumulative Effect, Period of Adoption, Adjusted Balance | Non-controlling Interests | Non-controlling InterestsCumulative effect of accounting changes | Non-controlling InterestsCumulative Effect, Period of Adoption, Adjusted Balance |
Beginning balance at Dec. 31, 2018 | $ 4,155,474 | $ 102 | $ 3,702,522 | $ (125,100) | $ 694,129 | $ (131,454) | $ 15,275 | ||||||||||
Issuances of Class A common stock: | |||||||||||||||||
Exercise of stock options | 67,310 | 3 | 67,307 | ||||||||||||||
Employee benefits | 6,654 | 6,654 | |||||||||||||||
Employee Stock Purchase Plan | 9,778 | 9,778 | |||||||||||||||
Stock-based compensation | 9,353 | 9,353 | |||||||||||||||
Purchase of non-controlling interest | (7,313) | (833) | (6,480) | ||||||||||||||
Net assets distributed pursuant to the BSS Transaction | (532,747) | (532,747) | |||||||||||||||
Issuance of equity and contribution of assets pursuant to the Yahsat JV formation | 102,775 | 29,576 | 73,199 | ||||||||||||||
Other comprehensive income (loss) | 6,290 | 2,962 | 3,328 | ||||||||||||||
Net income (loss) | (74,252) | (62,917) | (11,335) | ||||||||||||||
Other, net | 2,231 | (1,127) | 1,597 | 1,761 | |||||||||||||
Ending balance at Dec. 31, 2019 | 3,745,553 | $ (9,308) | $ 3,736,245 | 105 | $ 105 | 3,290,483 | $ 3,290,483 | (122,138) | $ (122,138) | 632,809 | $ (9,068) | $ 623,741 | (131,454) | $ (131,454) | 75,748 | $ (240) | $ 75,508 |
Issuances of Class A common stock: | |||||||||||||||||
Exercise of stock options | 855 | 855 | |||||||||||||||
Employee benefits | 6,921 | 6,921 | |||||||||||||||
Employee Stock Purchase Plan | 10,109 | 10,109 | |||||||||||||||
Stock-based compensation | 8,887 | 8,887 | |||||||||||||||
Issuance of equity and contribution of assets pursuant to the Yahsat JV formation | 2,758 | 4,338 | (1,580) | ||||||||||||||
Contribution by non-controlling interest holder | 18,241 | ||||||||||||||||
Other comprehensive income (loss) | (81,369) | (65,738) | (15,631) | ||||||||||||||
Net income (loss) | (51,904) | (40,150) | (11,754) | ||||||||||||||
Treasury share repurchase | (43,458) | (43,458) | |||||||||||||||
Other, net | (35) | (167) | 132 | ||||||||||||||
Ending balance at Dec. 31, 2020 | 3,607,250 | 105 | 3,321,426 | (187,876) | 583,591 | (174,912) | 64,916 | ||||||||||
Issuances of Class A common stock: | |||||||||||||||||
Exercise of stock options | 408 | 408 | |||||||||||||||
Employee benefits | 7,125 | 1 | 7,124 | ||||||||||||||
Employee Stock Purchase Plan | 9,471 | 9,471 | |||||||||||||||
Stock-based compensation | 7,699 | 7,699 | |||||||||||||||
Contribution by non-controlling interest holder | 9,880 | ||||||||||||||||
Other comprehensive income (loss) | (28,615) | (24,226) | (4,389) | ||||||||||||||
Net income (loss) | 62,721 | 72,875 | (10,154) | ||||||||||||||
Treasury share repurchase | (261,609) | (261,609) | |||||||||||||||
Other, net | (250) | (250) | |||||||||||||||
Ending balance at Dec. 31, 2021 | $ 3,414,080 | $ 106 | $ 3,345,878 | $ (212,102) | $ 656,466 | $ (436,521) | $ 60,253 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | |||
Net income (loss) | $ 62,721,000 | $ (51,904,000) | $ (74,252,000) |
Adjustments to reconcile net income (loss) to cash flows provided by (used for) operating activities: | |||
Depreciation and amortization | 491,329,000 | 525,011,000 | 588,200,000 |
Impairment of long-lived assets | 245,000 | 1,685,000 | 0 |
Losses (gains) on investments, net | (69,531,000) | 31,306,000 | (28,912,000) |
Equity in losses (earnings) of unconsolidated affiliates, net | 5,170,000 | 7,267,000 | 14,734,000 |
Foreign currency transaction losses (gains), net | 12,613,000 | (6,015,000) | 11,590,000 |
Deferred tax provision (benefit), net | 37,664,000 | 18,147,000 | 32,542,000 |
Stock-based compensation | 7,699,000 | 8,887,000 | 9,353,000 |
Amortization of debt issuance costs | 2,381,000 | 4,324,000 | 5,912,000 |
Dividends received from unconsolidated affiliates | 0 | 0 | 2,716,000 |
Other-than-temporary impairment losses on equity method investments | 55,266,000 | 0 | 0 |
Other, net | 19,740,000 | (12,501,000) | 6,297,000 |
Changes in assets and liabilities, net: | |||
Trade accounts receivable and contract assets, net | (2,334,000) | 2,237,000 | 8,289,000 |
Other current assets, net | (7,303,000) | (12,984,000) | (39,190,000) |
Trade accounts payable | (15,599,000) | (12,339,000) | 13,149,000 |
Contract liabilities | 36,774,000 | 3,509,000 | 26,376,000 |
Accrued expenses and other current liabilities | (84,621,000) | 42,822,000 | 66,352,000 |
Non-current assets and non-current liabilities, net | 80,012,000 | (15,064,000) | 13,166,000 |
Net cash provided by (used for) operating activities | 632,226,000 | 534,388,000 | 656,322,000 |
Cash flows from investing activities: | |||
Purchases of marketable investment securities | (1,651,608,000) | (2,799,838,000) | (993,369,000) |
Sales and maturities of marketable investment securities | 2,321,560,000 | 2,110,336,000 | 2,391,220,000 |
Expenditures for property and equipment | (438,430,000) | (408,798,000) | (418,584,000) |
Expenditures for externally marketed software | (33,543,000) | (38,655,000) | (29,310,000) |
Purchase of other investments | (50,000,000) | (5,500,000) | (93,687,000) |
Sales of other investments | 10,951,000 | 0 | 0 |
Investments in unconsolidated affiliates | 0 | 0 | (2,149,000) |
Purchases of regulatory authorizations | 0 | 0 | (34,447,000) |
Dividend received from unconsolidated affiliate | 0 | 0 | 2,284,000 |
Net cash provided by (used for) investing activities | 158,930,000 | (1,142,455,000) | 821,958,000 |
Cash flows from financing activities: | |||
Repurchase and maturity of the 2019 Senior Secured Notes | 0 | 0 | (920,923,000) |
Repurchase and maturity of the 2021 Senior Unsecured Notes | (901,818,000) | 0 | 0 |
Payment of finance lease obligations | (670,000) | (811,000) | (29,347,000) |
Payment of in-orbit incentive obligations | (2,214,000) | (1,554,000) | (5,447,000) |
Proceeds from Class A common stock options exercised | 408,000 | 855,000 | 67,337,000 |
Proceeds from Class A common stock issued under the Employee Stock Purchase Plan | 9,471,000 | 10,109,000 | 9,779,000 |
Treasury share repurchase | (261,436,000) | (43,458,000) | 0 |
Contribution by non-controlling interest holder | 9,880,000 | 18,241,000 | 0 |
Purchase of non-controlling interest | 0 | 0 | (7,313,000) |
Other, net | (966,000) | 998,000 | 603,000 |
Net cash provided by (used for) financing activities | (1,147,345,000) | (15,620,000) | (885,311,000) |
Effect of exchange rates on cash and cash equivalents | (3,749,000) | (1,390,000) | (575,000) |
Net increase (decrease) in cash and cash equivalents | (359,938,000) | (625,077,000) | 592,394,000 |
Cash and cash equivalents, including restricted amounts, beginning of period | 896,812,000 | 1,521,889,000 | 929,495,000 |
Cash and cash equivalents, including restricted amounts, end of period | $ 536,874,000 | $ 896,812,000 | $ 1,521,889,000 |
Organization and Business Activ
Organization and Business Activities | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS ACTIVITIES | ORGANIZATION AND BUSINESS ACTIVITIES Principal Business EchoStar Corporation (which, together with its subsidiaries, is referred to as “EchoStar,” the “Company,” “we,” “us” and “our”) is a holding company that was organized in October 2007 as a corporation under the laws of the State of Nevada and has operated as a separately traded public company from DISH Network Corporation (“DISH”) since 2008. Our Class A common stock is publicly traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SATS.” We are an industry leader in both networking technologies and services, innovating to deliver the global solutions that power a connected future for people, enterprises and things everywhere. We provide broadband satellite technologies, broadband internet services for consumer customers, which include home and small to medium-sized businesses, and satellite services. We also deliver innovative network technologies, managed services and communications solutions for enterprise customers, which include aeronautical and government enterprises. We operate in the following two business segments: • Hughes segment (“Hughes segment”) — which provides broadband satellite technologies and broadband internet services to domestic and international consumer customers and broadband network technologies, managed services, equipment, hardware, satellite services and communication solutions to service providers and enterprise customers. The Hughes segment also designs, provides and installs gateway and terminal equipment to customers for other satellite systems. In addition, our Hughes segment designs, develops, constructs and provides telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and our enterprise customers. • Echostar Satellite Services segment (“ESS segment”) — which uses certain of our owned and leased in-orbit satellites and related licenses to provide satellite services on a full-time and/or occasional-use basis to U.S. government service providers, internet service providers, broadcast news organizations, content providers and private enterprise customers. Our operations also include various corporate departments (primarily Executive, Treasury, Strategic Development, Human Resources, Information Technology, Finance, Accounting, Real Estate and Legal) and other activities, such as costs incurred in certain satellite development programs and other business development activities, and gains or losses from certain of our investments, that have not been assigned to our business segments. These activities, costs and income, as well as eliminations of intersegment transactions, are accounted for in Corporate and Other segment in our segment reporting. We also divide our operations by primary geographic market as follows: (i) North America (the U.S. and its territories, Mexico, and Canada); (ii) South and Central America and (iii) Other (Asia, Africa, Australia, Europe, India, and the Middle East). Refer to Note 22. Segment Reporting for further detail. In connection with the BSS Transaction, we and DISH Network agreed to indemnify each other against certain losses with respect to breaches of certain representations and covenants and certain retained and assumed liabilities, respectively. Refer to Note 19 in our Consolidated Financial Statements for further details on certain customary agreements entered into with DISH in relation to the BSS Transaction. The BSS Transaction was structured in a manner intended to be tax-free to us and our stockholders for U.S. federal income tax purposes and was accounted for as a spin-off to our shareholders as we did not receive any consideration. Following the consummation of the BSS Transaction, we no longer operate the BSS Business, which was a substantial portion of our ESS segment. As a result of the BSS Transaction, the financial results of the BSS Business, except for certain real estate that transferred in the transaction, are presented as discontinued operations and, as such, excluded from continuing operations and segment results for the year ended December 31, 2019 as presented in these Consolidated Financial Statements and the accompanying notes (collectively, the “Consolidated Financial Statements”). Refer to Note 5. Discontinued Operations |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation These Consolidated Financial Statements and the accompanying notes are prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”). We consolidate all entities in which we have a controlling financial interest. We are deemed to have a controlling financial interest in variable interest entities in which we are the primary beneficiary and in other entities in which we own more than 50% of the outstanding voting shares and other shareholders do not have substantive rights to participate in management. For entities we control but do not wholly own, we record a non-controlling interest within stockholders’ equity for the portion of the entity’s equity attributed to the non-controlling ownership interests. All significant intercompany balances and transactions have been eliminated in consolidation. All amounts presented in these Consolidated Financial Statements are expressed in thousands of U.S. dollars, except share and per share amounts and unless otherwise noted. Reclassification Certain prior period amounts have been reclassified to conform with the current period presentation. Use of Estimates We are required to make certain estimates and assumptions that affect the amounts reported in these Consolidated Financial Statements. The most significant estimates and assumptions are used in determining: (i) inputs used to recognize revenue over time, including amortization periods for deferred contract acquisition costs; (ii) allowances for doubtful accounts; (iii) deferred taxes and related valuation allowances, including uncertain tax positions; (iv) loss contingencies; (v) fair value of financial instruments; (vi) fair value of assets and liabilities acquired in business combinations; and (vii) asset impairment testing. We base our estimates and assumptions on historical experience, observable market inputs and on various other factors that we believe to be relevant under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from previously estimated amounts and such differences may be material to our financial statements. Additionally, changing economic conditions may increase the inherent uncertainty in the estimates and assumptions indicated above. We review our estimates and assumptions periodically and the effects of revisions thereto are reflected in the period they occur or prospectively if the revised estimate affects future periods. 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 utilize the highest level of inputs available according to 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, 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 characteristics of the asset or liability that would be considered by market participants in a transaction to purchase or sell the asset or liability. 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. Fair values for our outstanding debt are based on quoted market prices in less active markets and are categorized as Level 2 measurements. 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. There were no transfers between levels during the years ended December 31, 2021 and 2020. Overview Revenue is recognized upon transfer of control of the promised goods or our performance of the services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts that may include various combinations of products and services, which are generally distinct and accounted for as separate performance obligations. We also recognize lease revenue which is derived from leases of property and equipment which, for operating leases, is reported in Services and other revenue in the Consolidated Statements of Operations and, for sales-type leases, is reported in Equipment revenue Hughes Segment Our Hughes segment service contracts typically obligate us to provide substantially the same services on a recurring basis in exchange for fixed recurring fees over the term of the contract. We satisfy such performance obligations over time and recognize revenue ratably as services are rendered over the service period. Certain of our contracts with service obligations provide for fees based on usage, capacity or volume. We satisfy these performance obligations and recognize the related revenue at the point in time, or over the period, when the services are rendered. Our Hughes segment also sells and leases communications equipment to its customers. Revenue from equipment sales generally is recognized based upon shipment terms. Our equipment sales contracts typically include standard product warranties, but generally do not provide for returns or refunds. Revenue for extended warranties is recognized ratably over the extended warranty period. For contracts with multiple performance obligations, we typically allocate the contract’s transaction price to each performance obligation based on their relative standalone selling prices. When the standalone selling price is not observable, our primary method used to estimate standalone selling price is the expected cost plus a margin. Our contracts generally require customer payments to be made at or shortly after the time we transfer control of goods or perform the services. Lease Revenue We lease satellite capacity, communications equipment and real estate to certain of our customers. We identify and determine the classification of such leases as operating leases or sales-type leases. A lease is classified as a sales-type lease if it meets the criteria for a finance lease; otherwise it is classified as an operating lease. Some of our leases are embedded in contracts with customers that include non-lease performance obligations. For such contracts, except where we have elected otherwise, we allocate consideration in the contract between lease and non-lease components based on their relative standalone selling prices. We elected an accounting policy to not separate the lease of equipment from related services in our HughesNet satellite internet service (the “HughesNet service”) contracts with customers and account for all revenue from such contracts as non-lease service revenue. Assets subject to operating leases remain in Property and equipment, net and continue to be depreciated. Assets subject to sales-type leases are derecognized from Property and equipment, net at lease commencement and a net investment in the lease asset is recognized in Trade accounts receivable and contract assets, net and Other non-current assets, net . Operating lease revenue is generally recognized on a straight-line basis over the lease term. Sales-type lease revenue and a corresponding receivable generally are recognized at lease commencement based on the present value of the future lease payments and related interest income on the receivable is recognized over the lease term. Payments under sales-type leases are discounted using the interest rate implicit in the lease or our incremental borrowing rate if the interest rate implicit in the lease cannot be reasonably determined. We report revenue from sales-type leases at the commencement date in Equipment revenue and periodic interest income in Services and other revenue. We report operating lease revenue in Services and other revenue Other Sales and Value Added Taxes, Universal Service Fees and other taxes that we collect concurrent with revenue producing activities are excluded from revenue and included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets. Shipping and handling costs associated with outbound freight are accounted for as a fulfillment cost after control over a product has transferred to the customer and are included in Cost of sales - equipment in the Consolidated Statements of Operations at the time of shipment. Cost of Sales - Services and Other Cost of sales - services and other in the Consolidated Statements of Operations primarily consists of costs of satellite capacity and services, hub infrastructure, customer care, wireline and wireless capacity and direct labor costs associated with the services provided and is generally charged to expense as incurred. Cost of Sales - Equipment Cost of sales - equipment in the Consolidated Statements of Operations primarily consists of inventory costs, including freight and royalties, and is generally recognized at the point in time control of the equipment is passed to the customer and related revenue is recognized. Additionally, customer-related research and development costs are incurred in connection with the specific requirements of a customer’s order; in such instances, the amounts for these customer funded development efforts are also included in Cost of sales - equipment in the Consolidated Statements of Operations. Stock-based Compensation Expense Stock-based compensation expense is recognized based on the fair value of stock awards ultimately expected to vest. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense for awards with service conditions only is recognized on a straight-line basis over the requisite service period for the entire award. Compensation expense for awards subject to performance conditions is recognized only when satisfaction of the performance condition is probable. Advertising Costs Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the Consolidated Statements of Operations. Research and Development Research and development costs, not incurred in connection with customer requirements, are generally expensed when incurred. Debt Issuance Costs Costs of issuing debt generally are deferred and amortized utilizing the effective interest method, with amortization included in Interest expense, net of amounts capitalized in the Consolidated Statements of Operations. We report unamortized debt issuance costs as a reduction of the related long-term debt in the Consolidated Balance Sheets. Foreign Currency The functional currency for certain of our foreign operations is determined to be the local currency. Accordingly, we translate assets and liabilities of these foreign entities from their local currencies to U.S. dollars using period-end exchange rates and translate income and expense accounts at monthly average rates. The resulting translation adjustments are reported as Foreign currency translation adjustments in the Consolidated Statements of Comprehensive Income (Loss). Except in certain uncommon circumstances, we have not recorded deferred income taxes related to our foreign currency translation adjustments. Gains and losses resulting from the re-measurement of transactions denominated in foreign currencies are recognized in Foreign currency transaction gains (losses), net in the Consolidated Statements of Operations. Income Taxes We recognize a provision or benefit for income taxes currently payable or receivable and for income tax amounts deferred to future periods. Deferred tax assets and liabilities reflect the effects of tax losses, credits, and the future income tax effects of temporary differences between U.S. GAAP carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are offset by valuation allowances when we determine it is more likely than not that such deferred tax assets will not be realized in the foreseeable future. We determine deferred tax assets and liabilities separately for each taxing jurisdiction and report the net amount for each jurisdiction as a non-current asset or liability in the Consolidated Balance Sheets. From time to time, we engage in transactions where the income tax consequences are uncertain. We recognize tax benefits when, in management’s judgment, a tax filing position is more likely than not to be sustained if challenged by the tax authorities. For tax positions that meet the more-likely-than-not threshold, we may not recognize a portion of a tax benefit depending on management’s assessment of how the tax position will ultimately be settled. Unrecognized tax benefits generally are netted against the deferred tax assets associated with our net operating loss and tax credit carryforwards. We adjust our estimates periodically based on ongoing examinations by, and settlements with, various taxing authorities, as well as changes in tax laws, regulations and precedent. Estimates of our uncertain tax positions are made based upon prior experience and are updated in light of changes in facts and circumstances. However, due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of audits may result in liabilities which could be materially different from these estimates. In such an event, we will record additional income tax provision or benefit in the period in which such resolution occurs. We classify interest and penalties, if any, associated with our unrecognized tax benefits as a component of income tax provision or benefit. Lessee Accounting At the inception of a contract, we assess whether the contract is, or contains, a lease. The assessment is based on (i) whether the contract involves the use of a distinct identified asset, (ii) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (iii) whether we have the right to direct the use of the asset. Our operating leases consist primarily of leases for office space, data centers and satellite-related ground infrastructure. A lease is classified as a finance lease when one or more of the following criteria are met: (i) the lease transfers ownership of the asset by the end of the lease term, (ii) the lease contains an option to purchase the asset that is reasonably certain to be exercised, (iii) the lease term is for a major part of the remaining useful life of the asset, (iv) the present value of the lease payments equals or exceeds substantially all of the fair value of the asset or (v) the asset is of a specialized nature and there is not expected to be an alternative use to the lessor at the end of the lease term. A lease is classified as an operating lease if it does not meet any of these criteria. Our finance leases consist primarily of leases for satellite capacity. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short-term leases), and we recognize lease expense for these leases as incurred over the lease term. ROU assets represent our right to use an underlying asset during the reasonably certain lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. The ROU asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any prepayments to the lessor and initial direct costs such as brokerage commissions, less any lease incentives received. The lease liability is initially measured at the present value of the minimum lease payments, discounted using an estimate of our incremental borrowing rate for a collateralized loan with the same term as the underlying lease. The incremental borrowing rates used for the initial measurement of lease liabilities are based on the original lease terms. In determining our incremental borrowing rate, we consider the lease term, secured incremental borrowing rate, and for leases denominated in a currency different than U.S. dollar, the collateralized borrowing rate in the foreign currency using the U.S. dollar and foreign currency swap spread, when available. We report operating lease ROU assets in Operating lease right-of-use assets and operating lease liabilities in Accrued expenses and other current liabilities and Operating lease liabilities . We report finance lease ROU assets in Property and equipment, net and finance lease liabilities in Current portion of long-term debt, net and Long-term debt, net . Earnings Per Share We present basic and diluted earnings or losses per share (“EPS”) for our Class A and Class B common stock. Basic EPS for our Class A and Class B common stock excludes potential dilution and is computed by dividing Net income (loss) attributable to EchoStar Corporation common stock by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if shares of common stock were issued pursuant to our stock-based compensation awards. The potential dilution from common stock awards is computed using the treasury stock method based on the average market value of our Class A common stock during the period. The calculation of our diluted weighted-average common shares outstanding excluded options to purchase shares of our Class A common stock, the effect of which would be anti-dilutive. The amounts reclassified to net income (loss) related to unrealized gain (loss) on available-for-sale securities in are included in Gains (losses) on investments, net Cash and Cash Equivalents Debt Securities Our corporate bond portfolio includes debt instruments issued by individual corporations, primarily in the industrial and financial services industries. Our commercial paper portfolio includes instruments issued by individual corporations, primarily in the industrial, financial services and utilities industries. Our other debt securities portfolio includes investments in various debt instruments, including U.S. government bonds and mutual funds. We consider all liquid investments purchased with an original maturity of 90 days or less to be cash equivalents. We account for our debt securities as available-for-sale or using the fair value option based on our investment strategy for the securities. For available-for-sale debt securities, we recognize periodic changes in the difference between fair value and amortized cost in Unrealized gains (losses) on available-for-sale securities in the Consolidated Statements of Comprehensive Income (Loss). Gains and losses realized upon sales of available-for-sale debt securities are reclassified from other comprehensive income (loss) and recognized on the trade date in Gains (losses) on investments, net in the Consolidated Statements of Operations. We use the first-in, first-out (“FIFO”) method to determine the cost basis on sales of available-for-sale debt securities. Interest income from available-for-sale debt securities is reported in Interest income, net in the Consolidated Statements of Operations. We periodically evaluate our available-for-sale debt securities portfolio to determine whether any declines in the fair value of these securities are other-than-temporary. Our evaluation considers, among other things, (i) the length of time and extent to which the fair value of such security has been lower than amortized cost, (ii) market and company-specific factors related to the security and (iii) our intent and ability to hold the investment to maturity or when it recovers its value. We generally consider a decline to be other-than-temporary when (i) we intend to sell the security, (ii) it is more likely than not that we will be required to sell the security before maturity or when it recovers its value or (iii) we do not expect to recover the amortized cost of the security at maturity. Declines in the fair value of available-for-sale debt securities that are determined to be other-than-temporary are reclassified from other comprehensive income (loss) and recognized in Net income (loss) in the Consolidated Statements of Operations, thus establishing a new cost basis for the investment. From time to time we make strategic investments in marketable corporate debt securities. Generally, we elect to account for these debt securities using the fair value option because it results in consistency in accounting for unrealized gains and losses for all securities in our portfolio of strategic investments. When we elect the fair value option for investments in debt securities, we recognize periodic changes in fair value of these securities in Gains (losses) on investments, net in the Consolidated Statements of Operations. Interest income from these securities is reported in Interest income, net We account for our equity securities with readily determinable fair values at fair value and recognize periodic changes in the fair value in Gains (losses) on investments, net in the Consolidated Statements of Operations. We recognize dividend income on equity securities on the ex-dividend date and report such income in Other, net Restricted marketable investment securities that are pledged as collateral for our letters of credit and surety bonds are included in Other non-current assets, net Trade Accounts Receivable Trade accounts receivable includes amounts billed and currently due from customers and represents our unconditional rights to consideration arising from our performance under our customer contracts. Trade accounts receivable also includes amounts due from customers under our leasing arrangements. We make ongoing estimates relating to the collectability of our trade accounts receivable and maintain an allowance for estimated losses resulting from the inability of our customers to make the required payments. In determining the amount of the allowance, we consider historical levels of credit losses and make judgments about the creditworthiness of our customers based on ongoing credit evaluations. Past due trade accounts receivable balances are written off when our internal collection efforts have been unsuccessful. Bad debt expense related to our trade accounts receivable and other contract assets is included in Selling, general and administrative expenses in the Consolidated Statements of Operations. Contract assets represent revenue that we have recognized in advance of billing the customer and are included in Trade accounts receivable and contract assets, net or Other non-current assets, net Contract Acquisition Costs Our contract acquisition costs represent incremental direct costs of obtaining a contract and consist primarily of sales incentives paid to employees and third-party representatives. When we determine that our contract acquisition costs are recoverable, we defer and amortize the costs over the contract term, or over the estimated life of the customer relationship if anticipated renewals are expected and the incentives payable upon renewal are not commensurate with the initial incentive. We amortize contract acquisition costs in proportion to the revenue to which the costs relate. We expense sales incentives as incurred if the expected amortization period is one year or less. Unamortized contract acquisition costs are included in Other non-current assets, net in the Consolidated Balance Sheets and related amortization expense is included in Selling, general and administrative expenses in the Consolidated Statements of Operations. Inventory Inventory is stated at the lower of cost or net realizable value. Cost of inventory is determined using the FIFO method and consists primarily of materials, direct labor and indirect overhead incurred in the procurement and manufacturing of our products. We use standard costing methodologies in determining the cost of certain of our finished goods and work-in-process inventories. We determine net realizable value using our best estimates of future use or recovery, considering the aging and composition of inventory balances, the effects of technological and/or design changes, forecasted future product demand based on firm or near-firm customer orders and alternative means of disposition of excess or obsolete items. We recognize losses within Cost of sales - equipment in the Consolidated Statements of Operations when we determine that the cost of inventory and commitments to purchase inventory exceed net realizable value. Property and Equipment Satellites Satellites are stated at cost, less accumulated depreciation. Depreciation is recorded on a straight-line basis over their estimated useful lives. The cost of our satellites includes construction costs, including the present value of in-orbit incentives payable to the satellite manufacturer, launch costs, capitalized interest and related insurance premiums. We depreciate our owned satellites on a straight-line basis over the estimated useful life of each satellite. We have satellites acquired under finance leases. The recorded costs of those satellites are the present values of all lease payments. We amortize our finance lease ROU satellites over their respective lease terms. Our satellites may experience anomalies from time to time, some of which may have a significant adverse effect on their remaining useful lives, the commercial operation of the satellites or our operating results or financial position. We evaluate our satellites for impairment and test for recoverability whenever events or changes in circumstances indicate that their carrying value may not be recoverable. Certain anomalies may be considered a significant adverse change in the physical condition of a particular satellite. However, based on redundancies designed within each satellite, certain of these anomalies may not be considered to be significant events requiring a test of recoverability. Other Property and Equipment Goodwill We test goodwill for impairment annually in our second fiscal quarter, or more frequently if indicators of impairment may exist. All of our goodwill is assigned to our Hughes segment, as it was generated through the acquisition of Hughes Communications, Inc. (“Hughes Communications”) and its subsidiaries in 2011 (the “Hughes Acquisition”), and the agreement with Al Yah Satellite Communications Company PrJSC (“Yahsat”) pursuant to which, in November 2019, Yahsat contributed its satellite communications services business in Brazil to one of our Brazilian subsidiaries in exchange for a 20% equity ownership interest in that subsidiary (the “Yahsat Brazil JV Transaction”). Regulatory Authorizations Finite Lived We have regulatory authorizations that are not related to the Federal Communications Commission (“FCC”) and have determined that they have finite lives due to uncertainties about the ability to extend or renew their terms. Finite lived regulatory authorizations are amortized over their estimated useful lives on a straight-line basis. Renewal costs are usually capitalized when they are incurred. Indefinite Lived We also have indefinite lived regulatory authorizations that primarily consist of FCC authorizations and certain other contractual or regulatory rights to use spectrum at specified orbital locations. We have determined that our FCC authorizations generally have indefinite useful lives based on the following: • FCC authorizations are non-depleting assets; • Renewal satellite applications generally are authorized by the FCC subject to certain conditions, without substantial cost under a stable regulatory, legislative and legal environment; • Expenditures required to maintain the authorization are not significant; and • We intend to use these authorizations indefinitely. Other Intangible Assets Impairment of Long-lived Assets We review our long-lived assets for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The evaluation is performed at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For assets held and used in operations, the asset is not recoverable if the carrying amount of the asset exceeds its undiscounted estimated future net cash flows. When an asset is not recoverable, we adjust the carrying amount of such asset to its estimated fair value and recognize the impairment loss in Impairment of long-lived assets in the Consolidated Statements of Operations. We use the equity method to account for investments when we have the ability to exercise significant influence on the operating decisions of the affiliate. Such investments are initially recorded at cost and subsequently adjusted for our proportionate share of the net earnings or loss of the investee, which is reported in Equity in earnings (losses) of unconsolidated affiliates, net Other Equity Investments We generally measure investments in non-publicly traded equity instruments without a readily determinable fair value at cost adjusted for observable price changes in orderly transactions for the identical or similar securities of the same issuer and changes resulting from impairments, if any. Other equity instruments are measured to determine their value based on observable market information. When we adjust the carrying amount of an investment to its estimated fair value, the gain or loss is recorded in Gains (losses) on investments, net in the Consolidated Statements of Operations. Other Debt Investments We generally record our investments in non-publicly traded debt instruments without a readily determinable fair value at amortized cost. We recognize any discounts over the term of the loan in Interest income in the Consolidated Statements of Operations. In addition, some of our debt instruments have interest income that is paid-in-kind, which is added to the principal balance to determine the then current interest income. When we adjust the carrying amount of an investment, the gain or loss is recorded in Gains (losses) on investments, net in the Consolidated Statements of Operations. Impairment Considerations We periodically evaluate all of our other investments to determine whether events or changes in circumstances have occurred that may have a significant adverse effect on the fair value of the investment. We consider information if provided to us by our investees such as current financial statements, business |
Revenue Recognition
Revenue Recognition | 12 Months Ended |
Dec. 31, 2021 | |
Revenue from Contract with Customer [Abstract] | |
REVENUE RECOGNITION | REVENUE RECOGNITION Contract Balances The following table presents the components of our contract balances: As of December 31, 2021 2020 Trade accounts receivable and contract assets, net: Sales and services $ 154,676 $ 149,513 Leasing 5,668 4,554 Total trade accounts receivable 160,344 154,067 Contract assets 36,307 45,308 Allowance for doubtful accounts (14,588) (15,386) Total trade accounts receivable and contract assets, net $ 182,063 $ 183,989 Contract liabilities: Current $ 141,343 $ 104,569 Non-current 10,669 10,519 Total contract liabilities $ 152,012 $ 115,088 The following table presents the revenue recognized in the Consolidated Statements of Operations that was previously included within contract liabilities: For the years ended December 31, 2021 2020 2019 Revenue $ 82,633 $ 72,877 $ 65,417 The following table presents the activity in our allowance for doubtful accounts: For the years ended December 31, 2021 2020 2019 Balance at beginning of period $ 15,386 $ 23,777 $ 16,604 Credit losses (1) 22,591 18,582 30,027 Deductions (23,543) (26,031) (21,832) Foreign currency translation 154 (942) (1,022) Balance at end of period $ 14,588 $ 15,386 $ 23,777 (1) The impact of adopting ASC 326 on January 1, 2020 was a net decrease to our allowance for doubtful accounts largely driven by a $13.4 million reclassification to Other current assets, net and Other non-current assets, net , offset by a $2.9 million adjustment to Accumulated earnings (losses) . Contract Acquisition Costs The following table presents the activity in our contract acquisition costs, net: For the years ended December 31, 2021 2020 2019 Balance at beginning of period $ 99,837 $ 113,592 $ 114,306 Additions 72,503 91,143 97,457 Amortization expense (88,178) (101,278) (97,650) Foreign currency translation (1,176) (3,620) (521) Balance at end of period $ 82,986 $ 99,837 $ 113,592 Performance Obligations As of December 31, 2021, the remaining performance obligations for our customer contracts with original expected durations of more than one year was $914.7 million. We expect to recognize 51% of our remaining performance obligations of these contracts as revenue in the next twelve months. This amount and percentages exclude agreements with consumer customers in our Hughes segment, our leasing arrangements and agreements with certain customers under which collectability of all amounts due through the term of contracts is uncertain. Disaggregation of Revenue Geographic Information The following tables present our revenue from customer contracts disaggregated by primary geographic market and by segment: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 North America $ 1,617,229 $ 17,679 $ 11,782 $ 1,646,690 South and Central America 176,515 — — 176,515 Other 162,482 — 33 162,515 Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 For the year ended December 31, 2020 North America $ 1,556,961 $ 17,398 $ 9,443 $ 1,583,802 South and Central America 151,194 — 232 151,426 Other 152,679 — — 152,679 Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 For the year ended December 31, 2019 North America $ 1,527,823 $ 16,257 $ 16,526 $ 1,560,606 South and Central America 125,458 — 448 125,906 Other 199,461 — 108 199,569 Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 Nature of Products and Services The following tables present our revenue disaggregated by the nature of products and services and by segment: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 Services and other revenue: Services $ 1,646,778 $ 11,961 $ 5,691 $ 1,664,430 Lease revenue 39,021 5,718 6,118 50,857 Total services and other revenue 1,685,799 17,679 11,809 1,715,287 Equipment revenue: Equipment 108,767 — 6 108,773 Design, development and construction services 152,934 — — 152,934 Lease revenue 8,726 — — 8,726 Total equipment revenue 270,427 — 6 270,433 Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 For the year ended December 31, 2020 Services and other revenue: Services $ 1,614,730 $ 10,785 $ 4,631 $ 1,630,146 Lease revenue 40,503 6,613 5,042 52,158 Total services and other revenue 1,655,233 17,398 9,673 1,682,304 Equipment revenue: Equipment 110,108 — 2 110,110 Design, development and construction services 88,511 — — 88,511 Lease revenue 6,982 — — 6,982 Total equipment revenue 205,601 — 2 205,603 Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 For the year ended December 31, 2019 Services and other revenue: Services $ 1,535,966 $ 10,464 $ 6,493 $ 1,552,924 Lease revenue 50,073 5,793 10,481 66,347 Total services and other revenue 1,586,039 16,257 16,974 1,619,271 Equipment revenue: Equipment 115,052 — 107 115,159 Design, development and construction services 145,646 — — 145,646 Lease revenue 6,005 — — 6,005 Total equipment revenue 266,703 — 107 266,810 Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 Lease Revenue The following table presents our lease revenue by type of lease: For the years ended December 31, 2021 2020 2019 Sales-type lease revenue: Revenue at lease commencement $ 7,998 $ 6,982 $ 6,005 Interest income 728 393 784 Total sales-type lease revenue 8,726 7,375 6,789 Operating lease revenue 50,857 51,765 65,563 Total lease revenue $ 59,583 $ 59,140 $ 72,352 Substantially all of our net investment in sales-type leases consisted of lease receivables totaling $17.1 million and $13.0 million as of December 31, 2021 and 2020, respectively. The following table presents future operating lease payments to be received as of December 31, 2021: Amounts December 31, 2022 $ 45,269 2023 33,460 2024 30,847 2025 29,125 2026 28,356 2027 and beyond 71,718 Total lease payments $ 238,775 The following table presents amounts for assets subject to operating leases, which are included in Property and equipment, net: As of December 31, 2021 2020 Cost Accumulated Depreciation Net Cost Accumulated Depreciation Net Customer premises equipment $ 1,778,061 $ (1,485,525) $ 292,536 $ 1,617,053 $ (1,265,129) $ 351,924 Satellites 104,620 (45,309) 59,311 104,620 (38,335) 66,285 Real estate 48,275 (18,064) 30,211 48,275 (17,094) 31,181 Total $ 1,930,956 $ (1,548,898) $ 382,058 $ 1,769,948 $ (1,320,558) $ 449,390 The following table presents depreciation expense for assets subject to operating leases, which is included in Depreciation and amortization : For the years ended December 31, 2021 2020 2019 Customer premises equipment $ 230,609 $ 230,079 $ 182,523 Satellites 6,975 6,975 7,495 Real estate 970 942 923 Total $ 238,554 $ 237,996 $ 190,941 |
Lessee Accounting
Lessee Accounting | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
LESSEE ACCOUNTING | LESSEE ACCOUNTING The following table presents the amounts for ROU assets and lease liabilities: As of December 31, 2021 2020 Right-of-use assets: Operating $ 149,198 $ 128,303 Finance 258,498 278,237 Total right-of-use assets $ 407,696 $ 406,540 Lease liabilities: Current: Operating $ 16,781 $ 14,699 Finance 123 423 Total current 16,904 15,122 Non-current: Operating 134,897 114,886 Finance — 129 Total non-current 134,897 115,015 Total lease liabilities $ 151,801 $ 130,137 As of December 31, 2021, we have prepaid our obligations regarding most of our finance ROU assets. Finance lease assets are reported net of accumulated amortization of $95.7 million and $74.0 million as of December 31, 2021 and 2020, respectively. The following table presents the components of lease cost and weighted-average lease terms and discount rates for operating and finance leases: For the years ended December 31, 2021 2020 2019 Lease cost: Operating lease cost $ 23,379 $ 24,000 $ 24,342 Finance lease cost: Amortization of right-of-use assets 29,270 27,611 26,489 Interest on lease liabilities 49 106 173 Total finance lease cost 29,319 27,717 26,662 Short-term lease cost — 376 434 Variable lease cost 2,625 3,853 8,837 Total lease cost $ 55,323 $ 55,946 $ 60,275 As of December 31, 2021 2020 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.3 years 1.2 years Operating leases 10.8 years 10.6 years Weighted-average discount rate: Finance leases 12.8 % 12.2 % Operating leases 5.6 % 6.0 % The following table presents the detailed cash flows from operating and finance leases: For the years ended December 31, 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 21,861 $ 21,834 $ 22,618 Operating cash flows from finance leases 49 106 173 Financing cash flows from finance leases 430 499 654 We obtained ROU assets in exchange for lease liabilities of $26.1 million, $22.6 million and $8.5 million upon commencement of operating leases during the year ended December 31, 2021, 2020 and 2019, respectively. The following table presents future minimum lease payments of our lease liabilities as of December 31, 2021: Operating Leases Finance Leases Total Year ending December 31, 2022 $ 24,014 $ 130 $ 24,144 2023 23,479 — 23,479 2024 20,278 — 20,278 2025 16,428 — 16,428 2026 15,564 — 15,564 2027 and beyond 102,582 — 102,582 Total future minimum lease payments 202,345 130 202,475 Less: Interest (50,667) (7) (50,674) Total lease liabilities $ 151,678 $ 123 $ 151,801 |
LESSEE ACCOUNTING | LESSEE ACCOUNTING The following table presents the amounts for ROU assets and lease liabilities: As of December 31, 2021 2020 Right-of-use assets: Operating $ 149,198 $ 128,303 Finance 258,498 278,237 Total right-of-use assets $ 407,696 $ 406,540 Lease liabilities: Current: Operating $ 16,781 $ 14,699 Finance 123 423 Total current 16,904 15,122 Non-current: Operating 134,897 114,886 Finance — 129 Total non-current 134,897 115,015 Total lease liabilities $ 151,801 $ 130,137 As of December 31, 2021, we have prepaid our obligations regarding most of our finance ROU assets. Finance lease assets are reported net of accumulated amortization of $95.7 million and $74.0 million as of December 31, 2021 and 2020, respectively. The following table presents the components of lease cost and weighted-average lease terms and discount rates for operating and finance leases: For the years ended December 31, 2021 2020 2019 Lease cost: Operating lease cost $ 23,379 $ 24,000 $ 24,342 Finance lease cost: Amortization of right-of-use assets 29,270 27,611 26,489 Interest on lease liabilities 49 106 173 Total finance lease cost 29,319 27,717 26,662 Short-term lease cost — 376 434 Variable lease cost 2,625 3,853 8,837 Total lease cost $ 55,323 $ 55,946 $ 60,275 As of December 31, 2021 2020 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.3 years 1.2 years Operating leases 10.8 years 10.6 years Weighted-average discount rate: Finance leases 12.8 % 12.2 % Operating leases 5.6 % 6.0 % The following table presents the detailed cash flows from operating and finance leases: For the years ended December 31, 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 21,861 $ 21,834 $ 22,618 Operating cash flows from finance leases 49 106 173 Financing cash flows from finance leases 430 499 654 We obtained ROU assets in exchange for lease liabilities of $26.1 million, $22.6 million and $8.5 million upon commencement of operating leases during the year ended December 31, 2021, 2020 and 2019, respectively. The following table presents future minimum lease payments of our lease liabilities as of December 31, 2021: Operating Leases Finance Leases Total Year ending December 31, 2022 $ 24,014 $ 130 $ 24,144 2023 23,479 — 23,479 2024 20,278 — 20,278 2025 16,428 — 16,428 2026 15,564 — 15,564 2027 and beyond 102,582 — 102,582 Total future minimum lease payments 202,345 130 202,475 Less: Interest (50,667) (7) (50,674) Total lease liabilities $ 151,678 $ 123 $ 151,801 |
Discontinued Operations
Discontinued Operations | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS BSS Business The following table presents the financial results of our discontinued operations of the BSS Business: For the year ended December 31, 2019 Revenue: Services and other revenue - DISH Network $ 195,942 Services and other revenue - other 16,260 Total revenue 212,202 Costs and expenses: Cost of sales - services and other (exclusive of 28,057 Selling, general and administrative expenses 8,946 Depreciation and amortization 97,435 Total costs and expenses 134,438 Operating income (loss) 77,764 Other income (expense): Interest expense (17,865) Total other income (expense), net (17,865) Income (loss) from discontinued operations before income taxes 59,899 Income tax benefit (provision), net (20,498) Net income (loss) from discontinued operations $ 39,401 No assets or liabilities attributable to our discontinued operations were held by us as of December 31, 2021 or December 31, 2020. The following table presents the significant supplemental cash flow information and adjustments to reconcile net income to net cash flow from operating activities for discontinued operations of the BSS business: For the year ended December 31, 2019 Operating activities: Net income (loss) from discontinued operations $ 39,401 Depreciation and amortization $ 97,435 Investing activities: Expenditures for property and equipment $ 510 Financing activities: Payment of finance lease obligations $ 27,203 Payment of in-orbit incentive obligations $ 4,474 Terminated or Transferred Related Party Agreements Effective September 10, 2019, the following agreements were terminated or transferred to DISH Network as part of the BSS Transaction. Unless noted differently below, we have no further obligations and have neither earned additional revenue nor incurred additional expense, as applicable, under or in connection with these agreements after the consummation of the BSS Transaction. Satellite Capacity Leased to DISH Network. We entered into certain agreements to lease satellite capacity pursuant to which we provided satellite services to DISH Network on certain satellites, as listed below, owned or leased by us. The fees for the services provided under these agreements depended, among other things, upon the orbital location of the applicable satellite, the number of transponders that provided services on the applicable satellite and the length of the service arrangements. The terms of each of the agreements are set forth below: • EchoStar VII, EchoStar X, EchoStar XI and EchoStar XIV — In March 2014, we began leasing certain satellite capacity to DISH Network on the EchoStar VII satellite, the EchoStar X satellite, the EchoStar XI satellite and the EchoStar XIV satellite. • EchoStar XII — DISH Network leased satellite capacity from us on the EchoStar XII satellite. • EchoStar XVI — In December 2009, we entered into an agreement to lease satellite capacity to DISH Network, pursuant to which DISH Network leased satellite capacity from us on the EchoStar XVI satellite beginning in January 2013. • Nimiq 5 Agreement — In September 2009, we entered into an agreement with Telesat Canada to lease satellite capacity from Telesat Canada on all 32 direct broadcast satellite (“DBS”) transponders on the Nimiq 5 satellite at the 72.7 degree west longitude orbital location (the “Telesat Transponder Agreement”). In September 2009, we entered into an agreement with DISH Network, pursuant to which DISH Network leased satellite capacity from us on all 32 of the DBS transponders covered by the Telesat Transponder Agreement (the “DISH Nimiq 5 Agreement”). Under the terms of the DISH Nimiq 5 Agreement, DISH Network made certain monthly payments to us that commenced in September 2009, when the Nimiq 5 satellite was placed into service. Following the consummation of the BSS Transaction, we retained certain obligations related to DISH Network’s performance under the Telesat Transponder Agreement. • QuetzSat-1 Agreement — In November 2008, we entered into an agreement to lease satellite capacity from SES Latin America, which provided, among other things, for the provision by SES Latin America to us of leased satellite capacity on 32 DBS transponders on the QuetzSat-1 satellite. Concurrently, in 2008, we entered into an agreement pursuant to which DISH Network leased from us satellite capacity on 24 of the DBS transponders on the QuetzSat-1 satellite. The QuetzSat-1 satellite was launched in September 2011 and was placed into service in November 2011 at the 67.1 degree west longitude orbital location. In January 2013, the QuetzSat-1 satellite was moved to the 77 degree west longitude orbital location. In February 2013, we and DISH Network entered into an agreement pursuant to which we leased back from DISH Network certain satellite capacity on five DBS transponders on the QuetzSat-1 satellite. TT&C Agreement. Effective January 2012, we entered into a TT&C agreement pursuant to which we provided TT&C services to DISH Network, which we subsequently amended (the “2012 TT&C Agreement”). The fees for services provided under the 2012 TT&C Agreement were calculated at either: (i) a fixed fee or (ii) cost plus a fixed margin, which varied depending on the nature of the services provided. Real Estate Leases to DISH Network . We entered into lease agreements pursuant to which DISH Network leased certain real estate from us. The rent on a per square foot basis each of the leases or subsequent amendments was comparable to per square foot rental rates of similar commercial property in the same geographic area at the time of the leases or subsequent amendments and DISH Network was responsible for its portion of the taxes, insurance, utilities and maintenance of the premises. These components of the BSS Transaction do not qualify for discontinued operations treatment, and therefore the revenue from these lease agreements has not been treated as discontinued operations. The terms of each of the leases are set forth below: • Santa Fe Lease Agreement — DISH Network leased from us all of 5701 S. Santa Fe Dr., Littleton, Colorado. In connection with the BSS Transaction, we transferred this property to DISH Network. • Cheyenne Lease Agreement — During 2017, we and certain of our subsidiaries entered into a share exchange agreement (the “Share Exchange Agreement”) with DISH and certain of its subsidiaries whereby we and certain of our subsidiaries received all the shares of preferred tracking stock previously issued by us and one of our subsidiaries (the “Tracking Stock”) in exchange for 100% of the equity interests of certain of our subsidiaries that held substantially all of our former EchoStar Technologies businesses and certain other assets (collectively, the “Share Exchange”). Prior to the Share Exchange, we leased to DISH Network certain space at 530 EchoStar Drive, Cheyenne, Wyoming. In connection with the Share Exchange, we transferred ownership of a portion of this property to DISH Network and we and DISH Network amended this agreement to, among other things, provide for a continued lease to DISH Network of the portion of the property we retained (the “Cheyenne Data Center”). In connection with the BSS Transaction, we transferred the Cheyenne Data Center to DISH Network. |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2021 | |
Business Combination and Asset Acquisition [Abstract] | |
BUSINESS COMBINATIONS | BUSINESS COMBINATIONSIn May 2019, we entered into the Yahsat Brazil JV Transaction. The combined business provides broadband internet services and enterprise solutions in Brazil using the Telesat T19V satellite, the Eutelsat 65W satellite and Yahsat’s Al Yah 3 satellite. The results of operations related to the business we acquired from Yahsat have been included in these Consolidated Financial Statements from the date of acquisition. As of December 31, 2020, we incurred $1.6 million of costs associated with the closing of the Yahsat Brazil JV Transaction. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table presents the calculation of basic and diluted EPS for our Class A and B common stock: For the years ended December 31, 2021 2020 2019 Net income (loss) attributable to EchoStar Corporation common stock: Net income (loss) from continuing operations $ 72,875 $ (40,150) $ (102,318) Net income (loss) from discontinued operations — — 39,401 Net income (loss) attributable to EchoStar Corporation common stock $ 72,875 $ (40,150) $ (62,917) Weighted-average common shares outstanding: Basic 89,908 97,920 96,738 Dilutive impact of stock awards outstanding 33 — — Diluted 89,941 97,920 96,738 Earnings (losses) per share: Basic: Continuing operations $ 0.81 $ (0.41) $ (1.06) Discontinued operations — — 0.41 Total basic earnings (losses) per share $ 0.81 $ (0.41) $ (0.65) Diluted: Continuing operations $ 0.81 $ (0.41) $ (1.06) Discontinued operations — — 0.41 Total diluted earnings (losses) per share $ 0.81 $ (0.41) $ (0.65) The following table presents the number of anti-dilutive options to purchase shares of our Class A common stock which have been excluded from the calculation of our weighted-average common shares outstanding: For the years ended December 31, 2021 2020 2019 Number of shares 4,766 4,374 4,813 |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 12 Months Ended |
Dec. 31, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
OTHER COMPREHENSIVE INCOME (LOSS) | OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in the balances of Accumulated other comprehensive income (loss) by component: Cumulative Foreign Currency Translation Adjustments Unrealized Gain (Loss) On Available-For-Sale Securities Other Accumulated Other Comprehensive Income (Loss) Balance, December 31, 2019 $ (122,176) $ 405 $ (367) $ (122,138) Other comprehensive income (loss) before reclassifications (68,097) (253) 2,614 (65,736) Amounts reclassified to net income (loss) — (2) — (2) Other comprehensive income (loss) (68,097) (255) 2,614 (65,738) Balance, December 31, 2020 (190,273) 150 2,247 (187,876) Other comprehensive income (loss) before reclassifications (19,672) 463 (5,005) (24,214) Amounts reclassified to net income (loss) — (12) — (12) Other comprehensive income (loss) (19,672) 451 (5,005) (24,226) Balance, December 31, 2021 $ (209,945) $ 601 $ (2,758) $ (212,102) |
Marketable Investment Securitie
Marketable Investment Securities | 12 Months Ended |
Dec. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
MARKETABLE INVESTMENT SECURITIES | MARKETABLE INVESTMENT SECURITIES The following table presents our Marketable investment securities : As of December 31, 2021 2020 Marketable investment securities: Available-for-sale debt securities: Corporate bonds $ 289,784 $ 372,746 Commercial paper 498,358 1,101,888 Other debt securities 92,673 148,292 Total available-for-sale debt securities 880,815 1,622,926 Equity securities 142,943 24,435 Total marketable investment securities, including restricted amounts 1,023,758 1,647,361 Less: Restricted marketable investment securities (13,262) (9,090) Total marketable investment securities $ 1,010,496 $ 1,638,271 Debt Securities Available-for-Sale The following table presents the components of our available-for-sale debt securities: Amortized Unrealized Estimated Cost Gains Losses Fair Value As of December 31, 2021 Corporate bonds $ 290,169 $ — $ (385) $ 289,784 Commercial paper 498,358 — — 498,358 Other debt securities 92,742 — (69) 92,673 Total available-for-sale debt securities $ 881,269 $ — $ (454) $ 880,815 As of December 31, 2020 Corporate bonds $ 372,702 $ 78 $ (34) $ 372,746 Commercial paper 1,101,888 — — 1,101,888 Other debt securities 148,292 6 (6) 148,292 Total available-for-sale debt securities $ 1,622,882 $ 84 $ (40) $ 1,622,926 The following table presents the activity on our available-for-sale debt securities: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ 410,918 $ 160,494 $ 435,978 Gains (losses) on sales, net $ 12 $ 2 $ 549 Fair Value Option The following table presents the activity on our fair value option corporate bonds: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ — $ 32,054 $ 46,717 Gains (losses) on investments, net $ — $ 14,980 $ 6,746 Equity Securities The following table presents the activity of our equity securities: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ 832 $ 14,401 $ 104,729 Gains (losses) on investments, net $ 49,391 $ (3,241) $ 53,873 Fair Value Measurements The following table presents our marketable investment securities categorized by the fair value hierarchy, certain of which have historically experienced volatility: Level 1 Level 2 Total As of December 31, 2021 Cash equivalents (including restricted) $ 7,872 $ 423,123 $ 430,995 Available-for-sale debt securities: Corporate bonds $ — $ 289,784 $ 289,784 Commercial paper — 498,358 498,358 Other debt securities 14,274 78,399 92,673 Total available-for-sale debt securities 14,274 866,541 880,815 Equity securities 131,413 11,530 142,943 Total marketable investment securities, including restricted amounts 145,687 878,071 1,023,758 Less: Restricted marketable investment securities (13,262) — (13,262) Total marketable investment securities $ 132,425 $ 878,071 $ 1,010,496 As of December 31, 2020 Cash equivalents (including restricted) $ 416 $ 809,698 $ 810,114 Available-for-sale debt securities: Corporate bonds $ — $ 372,746 $ 372,746 Commercial paper — 1,101,888 1,101,888 Other debt securities 139,486 8,806 148,292 Total available-for-sale debt securities 139,486 1,483,440 1,622,926 Equity securities 14,441 9,994 24,435 Total marketable investment securities, including restricted amounts 153,927 1,493,434 1,647,361 Less: Restricted marketable investment securities (9,090) — (9,090) Total marketable investment securities $ 144,837 $ 1,493,434 $ 1,638,271 |
Property and Equipment
Property and Equipment | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT The following table presents the components of Property and equipment, net : As of December 31, 2021 2020 Property and equipment, net: Satellites, net $ 1,610,623 $ 1,602,076 Other property and equipment, net 727,662 788,237 Total property and equipment, net $ 2,338,285 $ 2,390,313 Satellites As of December 31, 2021, our satellite fleet consisted of ten geosynchronous (“GEO”) satellites, seven of which are owned and three of which are leased. They are all in geosynchronous orbit, approximately 22,300 miles above the equator. Our owned S-band low-earth orbit (“LEO”) nano-satellites are not included in the table below. The following table presents our GEO satellite fleet as of December 31, 2021: GEO Satellite Segment Launch Date Nominal Degree Orbital Location (Longitude) Depreciable Life (In Years) Owned: SPACEWAY 3 (1) Hughes August 2007 95 W 10 EchoStar XVII Hughes July 2012 107 W 15 EchoStar XIX Hughes December 2016 97.1 W 15 Al Yah 3 (2) Hughes January 2018 20 W 7 EchoStar IX (3) (4) ESS August 2003 121 W 12 EUTELSAT 10A (“W2A”) (5) Corporate and Other April 2009 10 E - EchoStar XXI Corporate and Other June 2017 10.25 E 15 Finance leases: Eutelsat 65 West A Hughes March 2016 65 W 15 Telesat T19V Hughes July 2018 63 W 15 EchoStar 105/SES-11 ESS October 2017 105 W 15 (1) Depreciable life represents the remaining useful life as of June 8, 2011, the date EchoStar completed the Hughes Acquisition. (2) Upon consummation of our joint venture with Yahsat in Brazil in November 2019, we acquired the Brazilian Ka-band payload on this satellite. Depreciable life represents the remaining useful life as of November 2019. (3) We own the Ka-band and Ku-band payloads on this satellite. (4) EchoStar IX is approaching its end of station-kept life. The Company expects to place the satellite in an inclined-orbit in the fourth quarter of 2022 or first quarter of 2023, but this ability is dependent upon events beyond our control and may not occur on schedule if at all. Inclined-orbit will extend its life but impact revenue generating capabilities. The following table presents the components of our satellites, net: Depreciable Life (In Years) As of December 31, 2021 2020 Satellites, net: Satellites - owned 7 to 15 $ 1,806,664 $ 1,805,590 Satellites - acquired under finance leases 15 354,170 352,245 Construction in progress — 541,422 409,032 Total satellites 2,702,256 2,566,867 Accumulated depreciation: Satellites - owned (995,962) (890,783) Satellites - acquired under finance leases (95,671) (74,008) Total accumulated depreciation (1,091,633) (964,791) Total satellites, net $ 1,610,623 $ 1,602,076 The following table presents the depreciation expense associated with our satellites, net: For the years ended December 31, 2021 2020 2019 Depreciation expense: Satellites - owned $ 105,819 $ 128,404 $ 130,705 Satellites - acquired under finance leases 23,740 27,611 25,755 Total depreciation expense $ 129,559 $ 156,015 $ 156,460 The following table presents capitalized interest associated with our satellites and satellite-related ground infrastructure: For the years ended December 31, 2021 2020 2019 Capitalized interest $ 37,150 $ 27,369 $ 22,576 Construction in Progress In August 2017, we entered into a contract for the design and construction of the EchoStar XXIV satellite, a new, next-generation, high throughput geostationary satellite. The EchoStar XXIV satellite is primarily intended to provide additional capacity for our HughesNet service in North, Central and South America as well as enterprise broadband services. Capital expenditures associated with the construction and launch of the EchoStar XXIV satellite are included in Corporate and Other segment in our segment reporting. We launched two nano-satellites in the third quarter of 2020. Following launch, both nano-satellites experienced technical anomalies that precluded them from fulfilling their intended regulatory milestone missions. We recorded an impairment of $1.7 million for the year ended December 31, 2020, related to these nano-satellites. In the second quarter of 2021, we launched our third nano-satellite. Satellite-Related Commitments As of December 31, 2021 and 2020 our satellite-related commitments were $342.2 million and $487.7 million, respectively. These include payments pursuant to: i) agreements for the construction of the EchoStar XXIV satellite, ii) the EchoStar XXIV launch contract, iii) to regulatory authorizations and non-lease costs associated with our finance lease satellites, in-orbit incentives relating to certain satellites and commitments for satellite service arrangements. In certain circumstances, the dates on which we are obligated to pay our contractual obligations could change. Satellite Anomalies and Impairments We are not aware of any anomalies with respect to our owned or leased satellites or payloads that have had any significant adverse effect on their remaining useful lives, the commercial operation of the satellites or payloads or our operating results or financial position as of and for the year ended December 31, 2021. Satellite Insurance We generally do not carry in-orbit insurance on our satellites or payloads because we have assessed that the cost of insurance is not economical relative to the risk of failures. Therefore, we generally bear the risk of any in-orbit failures. Pursuant to the terms of our joint venture agreement with Yahsat, we are required to maintain insurance for the Al Yah 3 Brazilian payload during the commercial in-orbit service of such payload, subject to certain limitations on coverage. Our satellites and other payloads, either in orbit or under construction, are not covered by launch or in-orbit insurance. We will continue to assess circumstances going forward and make insurance-related decisions on a case-by-case basis. Fair Value of In-Orbit Incentives As of December 31, 2021 and 2020, the fair values of our in-orbit incentive obligations approximated their carrying amounts of $53.2 million and $55.4 million, respectively. Depreciable Life (In Years) As of December 31, 2021 2020 Other property and equipment, net: Land — $ 28,938 $ 29,055 Buildings and improvements 1 to 40 115,537 115,335 Furniture, fixtures, equipment and other 1 to 12 911,474 887,086 Customer premises equipment 2 to 4 1,778,061 1,617,053 Construction in progress 158,559 99,716 Total other property and equipment 2,992,569 2,748,245 Accumulated depreciation (2,264,907) (1,960,008) Other property and equipment, net $ 727,662 $ 788,237 The following table presents the depreciation expense associated with our other property and equipment: For the years ended December 31, 2021 2020 2019 Other property and equipment depreciation expense: Buildings and improvements $ 6,036 $ 5,394 $ 5,791 Furniture, fixtures, equipment and other 90,895 94,389 90,885 Customer premises equipment 230,609 230,079 194,906 Total depreciation expense $ 327,540 $ 329,862 $ 291,582 |
Regulatory Authorizations
Regulatory Authorizations | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
REGULATORY AUTHORIZATIONS | REGULATORY AUTHORIZATIONS The following table presents our Regulatory authorizations, net: Finite lived Cost Accumulated Amortization Total Indefinite lived Total Balance, December 31, 2018 $ 46,787 $ (16,790) $ 29,997 $ 400,042 $ 430,039 Additions 12,833 — 12,833 39,491 52,324 Amortization expense — (3,672) (3,672) — (3,672) Currency translation adjustments (1,169) 318 (851) 758 (93) Balance, December 31, 2019 58,451 (20,144) 38,307 440,291 478,598 Amortization expense — (4,483) (4,483) — (4,483) Currency translation adjustments 2,930 (2,012) 918 3,729 4,647 Balance, December 31, 2020 61,381 (26,639) 34,742 444,020 478,762 Amortization expense — (4,495) (4,495) — (4,495) Currency translation adjustments (4,244) 2,046 (2,198) (2,303) (4,501) Balance, December 31, 2021 $ 57,137 $ (29,088) $ 28,049 $ 441,717 $ 469,766 Weighted-average useful life (in years) 13 Finite Lived Assets In November 2019, we were granted an S-band spectrum license for terrestrial rights in Mexico for $7.9 million. The acquired asset is subject to amortization over a period of 15 years. In November 2019, we also acquired Ka-band spectrum rights $4.5 million, upon consummation of the Yahsat Brazil JV Transaction, which are subject to amortization over a period of 11 years. Future Amortization The following table presents our estimated future amortization of our regulatory authorizations with finite lives as of December 31, 2021: Amount For the years ending December 31, 2022 $ 4,333 2023 4,333 2024 4,341 2025 4,333 2026 4,491 2027 and beyond 6,218 Total $ 28,049 Indefinite Lived Assets In October 2019, we acquired Sirion Global Pty Ltd., which we have renamed EchoStar Global Australia Pty Ltd (“EchoStar Global”), which holds global S-band non-geostationary stationary satellite spectrum rights for mobile satellite services. We acquired the global S-band non-geostationary satellite spectrum rights for $39.5 million, of which $26.5 million were made in cash payments and the remainder relate to deferred tax liabilities. The acquired spectrum rights are not subject to amortization. Customer Relationships Patents Trademarks and Licenses Total Cost: As of December 31, 2018 $ 270,300 $ 61,283 $ 29,700 $ 361,283 As of December 31, 2019 270,300 61,283 29,700 361,283 As of December 31, 2020 270,300 61,283 29,700 361,283 As of December 31, 2021 $ 270,300 $ 61,283 $ 29,700 $ 361,283 Accumulated amortization: As of December 31, 2018 $ (244,787) $ (61,004) $ (11,261) $ (317,052) Amortization expense (13,146) (93) (1,485) (14,724) As of December 31, 2019 (257,933) (61,097) (12,746) (331,776) Amortization expense (9,496) (93) (1,485) (11,074) As of December 31, 2020 (267,429) (61,190) (14,231) (342,850) Amortization expense (2,871) (93) (1,485) (4,449) As of December 31, 2021 $ (270,300) $ (61,283) $ (15,716) $ (347,299) Carrying amount: As of December 31, 2018 $ 25,513 $ 279 $ 18,439 $ 44,231 As of December 31, 2019 $ 12,367 $ 186 $ 16,954 $ 29,507 As of December 31, 2020 $ 2,871 $ 93 $ 15,469 $ 18,433 As of December 31, 2021 $ — $ — $ 13,984 $ 13,984 Weighted-average useful life (in years) 8 6 20 Future Amortization The following table presents our estimated future amortization of other intangible assets as of December 31, 2021: Amount For the years ending December 31, 2022 $ 1,485 2023 1,485 2024 1,485 2025 1,485 2026 1,485 2027 and beyond 6,559 Total $ 13,984 |
Other Intangible Assets
Other Intangible Assets | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Other Intangible Assets | REGULATORY AUTHORIZATIONS The following table presents our Regulatory authorizations, net: Finite lived Cost Accumulated Amortization Total Indefinite lived Total Balance, December 31, 2018 $ 46,787 $ (16,790) $ 29,997 $ 400,042 $ 430,039 Additions 12,833 — 12,833 39,491 52,324 Amortization expense — (3,672) (3,672) — (3,672) Currency translation adjustments (1,169) 318 (851) 758 (93) Balance, December 31, 2019 58,451 (20,144) 38,307 440,291 478,598 Amortization expense — (4,483) (4,483) — (4,483) Currency translation adjustments 2,930 (2,012) 918 3,729 4,647 Balance, December 31, 2020 61,381 (26,639) 34,742 444,020 478,762 Amortization expense — (4,495) (4,495) — (4,495) Currency translation adjustments (4,244) 2,046 (2,198) (2,303) (4,501) Balance, December 31, 2021 $ 57,137 $ (29,088) $ 28,049 $ 441,717 $ 469,766 Weighted-average useful life (in years) 13 Finite Lived Assets In November 2019, we were granted an S-band spectrum license for terrestrial rights in Mexico for $7.9 million. The acquired asset is subject to amortization over a period of 15 years. In November 2019, we also acquired Ka-band spectrum rights $4.5 million, upon consummation of the Yahsat Brazil JV Transaction, which are subject to amortization over a period of 11 years. Future Amortization The following table presents our estimated future amortization of our regulatory authorizations with finite lives as of December 31, 2021: Amount For the years ending December 31, 2022 $ 4,333 2023 4,333 2024 4,341 2025 4,333 2026 4,491 2027 and beyond 6,218 Total $ 28,049 Indefinite Lived Assets In October 2019, we acquired Sirion Global Pty Ltd., which we have renamed EchoStar Global Australia Pty Ltd (“EchoStar Global”), which holds global S-band non-geostationary stationary satellite spectrum rights for mobile satellite services. We acquired the global S-band non-geostationary satellite spectrum rights for $39.5 million, of which $26.5 million were made in cash payments and the remainder relate to deferred tax liabilities. The acquired spectrum rights are not subject to amortization. Customer Relationships Patents Trademarks and Licenses Total Cost: As of December 31, 2018 $ 270,300 $ 61,283 $ 29,700 $ 361,283 As of December 31, 2019 270,300 61,283 29,700 361,283 As of December 31, 2020 270,300 61,283 29,700 361,283 As of December 31, 2021 $ 270,300 $ 61,283 $ 29,700 $ 361,283 Accumulated amortization: As of December 31, 2018 $ (244,787) $ (61,004) $ (11,261) $ (317,052) Amortization expense (13,146) (93) (1,485) (14,724) As of December 31, 2019 (257,933) (61,097) (12,746) (331,776) Amortization expense (9,496) (93) (1,485) (11,074) As of December 31, 2020 (267,429) (61,190) (14,231) (342,850) Amortization expense (2,871) (93) (1,485) (4,449) As of December 31, 2021 $ (270,300) $ (61,283) $ (15,716) $ (347,299) Carrying amount: As of December 31, 2018 $ 25,513 $ 279 $ 18,439 $ 44,231 As of December 31, 2019 $ 12,367 $ 186 $ 16,954 $ 29,507 As of December 31, 2020 $ 2,871 $ 93 $ 15,469 $ 18,433 As of December 31, 2021 $ — $ — $ 13,984 $ 13,984 Weighted-average useful life (in years) 8 6 20 Future Amortization The following table presents our estimated future amortization of other intangible assets as of December 31, 2021: Amount For the years ending December 31, 2022 $ 1,485 2023 1,485 2024 1,485 2025 1,485 2026 1,485 2027 and beyond 6,559 Total $ 13,984 |
Other Investments
Other Investments | 12 Months Ended |
Dec. 31, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
OTHER INVESTMENTS | OTHER INVESTMENTS The following table presents our Other investments, net : As of December 31, 2021 2020 Other investments, net: Equity method investments $ 91,226 $ 151,070 Other equity investments 91,636 31,662 Other debt investments, net 114,885 102,205 Total other investments, net $ 297,747 $ 284,937 Equity Method Investments Dish Mexico We own 49% of Dish Mexico, a joint venture that we entered into in 2008 to provide direct-to-home satellite services in Mexico. Historically, we provided certain satellite services to Dish Mexico. However, following the consummation of the BSS Transaction, we no longer provide these services. During the fourth quarter of 2021, we recognized a $55.3 million other-than-temporary impairment on our investment in Dish Mexico. Given changing market trends, conditions, and company-specific events, we concluded that our investment in Dish Mexico was not recoverable. Deluxe/EchoStar LLC We own 50% of Deluxe/EchoStar LLC (“Deluxe”), a joint venture that we entered into in 2010 to build an advanced digital cinema satellite distribution network targeting delivery to digitally equipped theaters in the U.S. and Canada. Broadband Connectivity Solutions (Restricted) Limited We own 20% of Broadband Connectivity Solutions (Restricted) Limited (together with its subsidiaries, “BCS”), a joint venture that we entered into in 2018 to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia operating over Yahsat's Al Yah 2 and Al Yah 3 Ka-band satellites. Financial Information for Our Equity Method Investments The following table presents revenue recognized: For the years ended December 31, 2021 2020 2019 Deluxe $ 5,480 $ 4,393 $ 4,377 BCS $ 8,278 $ 9,080 $ 8,979 The following table presents trade accounts receivable: As of December 31, 2021 2020 Deluxe $ 934 $ 716 BCS $ 5,544 $ 9,347 We recorded cash distributions from our investments of $2.7 million for the year ended December 31, 2019. There were no cash distributions from our investments for the years ended December 31, 2021 and 2020. These cash distributions were determined to be a return on investment and reported in Net cash provided by (used for) operating activities in the Consolidated Statements of Cash Flows. We recorded an additional dividend from our investments of $2.3 million for the year ended December 31, 2019 that was considered a return of investment and reported in Net cash provided by (used for) investing activities in the Consolidated Statements of Cash Flows. There were no returns of investment during the years ended December 31, 2021 and 2020. Other Equity Investments The following table presents the activity on our investments: For the years ended December 31, 2021 2020 2019 Gain (loss) on investments, net $ 21,256 $ (29,833) $ (36,700) Other Debt Investments, Net The following table presents our other debt investments, net: As of December 31, 2021 2020 Other debt investments, net: Cost basis $ 127,433 $ 114,903 Discount (9,602) (10,185) Allowance for credit losses (2,946) (2,513) Total other debt investments, net $ 114,885 $ 102,205 The following table presents the activity in our allowance for credit losses for these investments: For the years ended December 31, 2021 2020 Balance at the beginning of the period $ 2,513 $ — Credit Losses (1) 433 2,513 Balance at end of period $ 2,946 $ 2,513 (1) The impact of adopting ASC 326 on January 1, 2020 was a $2.1 million adjustment to Accumulated earnings (losses). The following table presents the interest income, net related to our debt investments, net: For the years ended December 31, 2021 2020 2019 Interest income, net Interest income $ 17,191 $ 14,736 $ 2,500 Credit losses (433) (367) — Total interest income, net $ 16,758 $ 14,369 $ 2,500 |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
LONG-TERM DEBT | LONG-TERM DEBT The following table presents the carrying amount and fair values of our Current portion of long-term debt, net and Long-term debt, net: Effective Interest Rate As of December 31, 2021 2020 Carrying Amount Fair Value Carrying Amount Fair Value Senior Secured Notes: 5 1/4% Senior Secured Notes due 2026 5.320% $ 750,000 $ 825,555 $ 750,000 $ 834,045 Senior Unsecured Notes: 7 5/8% Senior Unsecured Notes due 2021 —% — — 900,000 924,003 6 5/8% Senior Unsecured Notes due 2026 6.688% 750,000 838,740 750,000 852,810 Less: Unamortized debt issuance costs (4,006) — (6,507) — Total long-term debt 1,495,994 1,664,295 2,393,493 2,610,858 Less: Current portion, net — — (898,237) (924,003) Long-term debt, net $ 1,495,994 $ 1,664,295 $ 1,495,256 $ 1,686,855 2021 Senior Unsecured Notes On June 1, 2011, HSSC issued $900.0 million aggregate principal amount of 7 5/8% Senior Unsecured Notes due 2021 (the “2021 Senior Unsecured Notes,”) at an issue price of 100.0%, pursuant to an Unsecured Indenture dated June 1, 2011. The principal and interest owed on the 2021 Senior Unsecured Notes were paid off at its maturity date on June 15, 2021. 2026 Senior Secured Notes and 2026 Senior Unsecured Notes On July 27, 2016, HSSC issued $750.0 million aggregate principal amount of 5 1/4% Senior Secured Notes due 2026 (the “2026 Senior Secured Notes”) at an issue price of 100.0%, pursuant to an indenture dated July 27, 2016 (the “2016 Secured Indenture”) and $750.0 million aggregate principal amount of 6 5/8% Senior Unsecured Notes due 2026 (the “2026 Senior Unsecured Notes”) at an issue price of 100.0%, pursuant to an indenture dated July 27, 2016 (together with the 2016 Secured Indenture, the “Indentures”). The 2026 Senior Secured Notes and the 2026 Senior Unsecured Notes are referred to collectively as the “Notes” and individually as a series of the Notes. The Notes mature on August 1, 2026. Interest on the 2026 Senior Secured Notes accrues at an annual rate of 5 1/4% and interest on the 2026 Senior Unsecured Notes accrues at an annual rate of 6 5/8%. Interest on the Notes is payable semi-annually in cash, in arrears, on February 1 and August 1 of each year. Additional Information Relating to the Notes Each series of the Notes is redeemable, in whole or in part, at any time at a redemption price equal to 100.0% of the principal amount thereof plus a “make-whole” premium, as defined in the applicable Indenture, together with accrued and unpaid interest, if any, to the date of redemption. The 2026 Senior Secured Notes are: • secured obligations of HSSC; • secured by security interests in substantially all existing and future tangible and intangible assets of HSSC and certain of its subsidiaries on a first priority basis, subject to certain exceptions; • effectively junior to HSSC’s obligations that are secured by assets that are not part of the collateral that secures the 2026 Senior Secured Notes to the extent of the value of the collateral securing such obligations; • effectively senior to HSSC’s existing and future unsecured obligations to the extent of the value of the collateral securing the 2026 Senior Secured Notes, after giving effect to permitted liens as provided in the 2016 Secured Indenture; • senior in right of payment to all existing and future obligations of HSSC that are expressly subordinated to the 2026 Senior Secured Notes; • structurally junior to any existing and future obligations of any of HSSC’s subsidiaries that do not guarantee the 2026 Senior Secured Notes; and • unconditionally guaranteed, jointly and severally, on a general senior secured basis by certain of our HSSC’s subsidiaries, which guarantees rank equally with all of the guarantors’ existing and future unsubordinated indebtedness and effectively senior to such guarantors’ existing and future obligations to the extent of the value of the assets securing the 2026 Senior Secured Notes. The 2026 Senior Unsecured Notes are: • unsecured senior obligations of HSSC; • ranked equally with all existing and future unsubordinated indebtedness and effectively junior to any secured indebtedness up to the value of the assets securing such indebtedness; • effectively junior to HSSC’s obligations that are secured to the extent of the value of the collateral securing such obligations; • senior in right of payment to all existing and future obligations of HSSC that are expressly subordinated to the 2026 Senior Unsecured Notes; • structurally junior to any existing and future obligations of any of HSSC’s subsidiaries that do not guarantee the 2026 Senior Unsecured Notes; and • unconditionally guaranteed, jointly and severally, on a general senior secured basis by certain of HSSC’s subsidiaries, which guarantees rank equally with all of the guarantors’ existing and future unsubordinated indebtedness, and effectively junior to any secured indebtedness of the guarantors up to the value of the assets securing such indebtedness. Subject to certain exceptions, the Indentures contain restrictive covenants that, among other things, impose limitations on HSSC’s ability and, in certain instances, the ability of certain of HSSC’s subsidiaries to: • incur additional debt; • pay dividends or make distributions on HSSC’s or their capital stock or repurchase HSSC’s or their capital stock; • make certain investments; • create liens or enter into sale and leaseback transactions; • enter into transactions with affiliates; • merge or consolidate with another company; • transfer and sell assets; and • allow to exist certain restrictions on its or their ability to pay dividends, make distributions, make other payments, or transfer assets. In the event of a Change of Control, as defined in the respective Indentures, HSSC would be required to make an offer to repurchase all or any part of a holder’s Notes at a purchase price equal to 101.0% of the aggregate principal amount thereof, together with accrued and unpaid interest to the date of repurchase. Debt Issuance Costs For the years ended December 31, 2021, 2020 and 2019, we amortized $2.4 million, $4.3 million and $5.9 million, respectively, of debt issuance costs incurred for all debt issuances, which are included in Interest expense, net of amounts capitalized in the Consolidated Statements of Operations. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | INCOME TAXES The following table presents the components of Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations: For the years ended December 31, 2021 2020 2019 Domestic $ 269,400 $ 108,078 $ 120,295 Foreign (141,053) (135,913) (213,460) Income (loss) from continuing operations before income taxes $ 128,347 $ (27,835) $ (93,165) The following table presents the components of Income tax benefit (provision), net , in the Consolidated Statements of Operations: For the years ended December 31, 2021 2020 2019 Current benefit (provision), net: Federal $ (9,324) $ (2,750) $ (5,089) State (15,171) (4,868) 286 Foreign (3,467) (2,116) (633) Total current benefit (provision), net $ (27,962) $ (9,734) $ (5,436) Deferred benefit (provision), net: Federal $ (41,665) $ (9,707) $ (7,511) State (2,155) 3,497 (10,964) Foreign 6,156 (8,125) 3,423 Total deferred benefit (provision), net (37,664) (14,335) (15,052) Total income tax benefit (provision), net $ (65,626) $ (24,069) $ (20,488) The following table presents our actual tax provisions reconciled to the amounts computed by applying the statutory federal tax rate to Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations : For the years ended December 31, 2021 2020 2019 Statutory rate $ (26,953) $ 5,845 $ 19,565 State income taxes, net of federal provision (benefit) (14,140) (349) (8,137) Permanent differences (5,804) (2,209) (6,531) Tax credits 6,914 1,353 12,453 Valuation allowance (40,743) (44,212) (54,251) Rates different than statutory 18,137 17,180 18,786 Withholding tax (646) (766) (2,171) Other (2,391) (911) (202) Total income tax benefit (provision), net $ (65,626) $ (24,069) $ (20,488) The following table presents the components of our deferred tax assets and liabilities: As of December 31, 2021 2020 Deferred tax assets: Net operating losses, credit and other carryforwards $ 253,767 $ 274,894 Unrealized losses on investments, net 44,651 43,693 Accrued expenses 31,996 21,787 Stock-based compensation 7,067 6,723 Other assets 19,776 35,689 Total deferred tax assets 357,257 382,786 Valuation allowance (234,571) (225,593) Deferred tax assets after valuation allowance $ 122,686 $ 157,193 Deferred tax liabilities: Depreciation and amortization $ (493,093) $ (514,091) Other liabilities (27,860) (1,217) Total deferred tax liabilities (520,953) (515,308) Total net deferred tax liabilities $ (398,267) $ (358,115) Net deferred tax assets (liabilities) foreign jurisdiction $ (7,242) $ 1,781 Net deferred tax assets (liabilities) domestic (391,025) (359,896) Total net deferred tax assets (liabilities) $ (398,267) $ (358,115) Overall, our net deferred tax assets were offset by a valuation allowance of $234.6 million and $225.6 million as of December 31, 2021 and 2020, respectively. The change in the valuation allowance relates to an increase in the net operating loss carryforwards of certain foreign subsidiaries and an increase to investment deferred tax assets that management does not believe will be realized; however, these increases are partially offset by a decrease due to changes in foreign exchange rates. Tax benefits of net operating loss and tax credit carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other circumstances. As of December 31, 2021, we had net operating loss carryforwards of $684.4 million, including $682.8 million of foreign net operating loss carryforwards. The net operating loss carryforwards associated with India will begin to expire in 2027. As of December 31, 2021, we have tax credit carryforwards of $127.6 million and $99.9 million for federal and state income tax purposes, respectively. If not utilized, the federal tax credit carryforwards will begin to expire in 2035. As of December 31, 2021, we had undistributed earnings attributable to foreign subsidiaries for which no provision for U.S. income taxes or foreign withholding taxes has been made because it is expected that such earnings will be reinvested outside the U.S. indefinitely. It is not practicable to determine the amount of the unrecognized deferred tax liability at this time. However, due to the one-time transition tax on the deemed repatriation of post-1986 undistributed foreign subsidiary earnings, the majority of previously unremitted earnings have now been subjected to U.S. federal income tax. As of December 31, 2021 and 2020, we had net deferred tax assets related to our foreign subsidiaries of $5.4 million and $1.8 million, respectively, which were recorded in Other non-current assets, net Accounting for Uncertainty in Income Taxes In addition to filing U.S. federal income tax returns, we file income tax returns in all states that impose an income tax. As of December 31, 2021, we are not currently under a U.S. federal income tax examination. However, the IRS could perform tax examinations on years as early as tax year 2008. We are also subject to frequent state income tax audits and have open state examinations on years as early as tax year 2008. We also file income tax returns in the United Kingdom, Brazil, India and a number of other foreign jurisdictions. We generally are open to income tax examination in these foreign jurisdictions for taxable years beginning in 2004. As of December 31, 2021, we are currently being audited by the Indian tax authorities for fiscal years 2004 through 2018. We have no other on-going significant income tax examinations in process in our foreign jurisdictions. The following table presents the reconciliation of the beginning and ending amount of unrecognized income tax benefits: For the years ended December 31, 2021 2020 2019 Unrecognized tax benefit balance as of beginning of period: $ 150,060 $ 70,401 $ 69,540 Additions based on tax positions related to the current year 193 3,349 861 Additions based on tax positions related to prior years 105 76,882 — Reductions based on tax positions related to prior years (82) (572) — Balance as of end of period $ 150,276 $ 150,060 $ 70,401 As of December 31, 2021 and 2020, we had $150.3 million and $150.1 million, respectively, of unrecognized income tax benefits, all of which, if recognized, would affect our effective tax rate. Additions based on tax positions related to prior years in 2020 include amounts in our deferred tax assets previously considered contingent liabilities related to combined state filings with DISH Network. During 2020, we and DISH Network concluded that combined state filings were no longer required. The amounts have been added to this schedule to reflect the change in filing status. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2021 | |
Stockholders' Equity Note [Abstract] | |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Preferred Stock Our board of directors is authorized to issue preferred stock and may divide such preferred stock into series and, with respect to each series, to determine the preferences and rights and the qualifications, limitations or restrictions of the series, including the dividend rights, conversion rights, voting rights, redemption rights and terms, liquidation preferences, sinking fund provisions, the number of shares constituting the series and the designation of such series. Our board of directors may, without stockholder approval, issue additional preferred stock of existing or new series with voting and other rights that could adversely affect the voting power of the holders of common stock and could have certain anti-takeover effects. Common Stock Our Class A, Class B, and Class C common stock are equivalent except for voting rights. Holders of Class A and Class C common stock are entitled to one vote per share and holders of Class B common stock are entitled to 10 votes per share. Upon a change in control of the Company, each holder of outstanding shares of Class C common stock is entitled to 10 votes for each share of Class C common stock held. Each share of Class B and Class C common stock is convertible, at the option of the holder, into one share of Class A common stock. Charles W. Ergen, our Chairman, and certain entities established for the benefit of his family beneficially own all outstanding Class B common stock. There are no shares of Class C common stock outstanding. Any holder of Class D common stock is not entitled to a vote on any matter or to convert the shares of Class D common stock into any other class of common stock. There are no shares of Class D common stock outstanding. Each share of common stock is entitled to receive its pro rata share, based upon the number of shares of common stock held, of dividends and distributions upon liquidation. Common Stock Repurchase Program Pursuant to a stock repurchase program approved by our board of directors, we were authorized to repurchase up to $500.0 million of our Class A common stock through December 31, 2021. The following table presents information with respect to purchases made by the Company: Period Total Number of Shares (or Units) Purchased Average Price Paid Per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Disclosed Plans or Program Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased under the Plans or Program (1) Beginning Balance $ 500,000 Year ended December 31, 2019 — $ — — 500,000 Year ended December 31, 2020 1,905,906 22.79 1,905,906 456,542 Year ended December 31, 2021 10,941,872 23.90 10,941,872 194,933 Total 12,847,778 $ 23.74 12,847,778 $ 194,933 (1) On October 29, 2020, our Board of Directors authorized us to repurchase up to $500.0 million of our Class A common stock through and including December 31, 2021. On November 2, 2021, our Board of Directors authorized us to repurchase up to $500.0 million of our Class A common stock commencing January 1, 2022 through and including December 31, 2022. All shares repurchased reflected in the table above have been converted to treasury shares. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2021 | |
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract] | |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS Employee Stock Purchase Plan 401(k) Employee Savings Plans Under the EchoStar 401(k) Plan (“the Plan”), eligible employees are entitled to contribute up to 75.0% of their eligible compensation, on a pre-tax and/or after-tax basis, subject to the maximum contribution limit provided by the Internal Revenue Code of 1986, as amended (the “Code”). All employee contributions to the Plan are immediately vested. We match 50 cents on the dollar for the first 6.0% of each employee’s salary contributions to the Plan for a total of 3.0% match on a pre-tax basis up to a maximum of $7,500 annually. Our match is calculated each pay period there is an employee contribution. In addition, we may make an annual discretionary contribution to the Plan to be made in cash or our stock. Our contributions under the Plan vest at 20.0% per year and are 100.0% vested after an eligible employee has completed five years of employment. Forfeitures of unvested participant balances may be used to fund matching and discretionary contributions. The following table presents our matching contributions, discretionary contributions and shares: For the years ended December 31, 2021 2020 2019 Matching contributions $ 5,434 $ 5,239 $ 5,095 Fair value of discretionary contributions of our Class A common stock, net of forfeitures, under 401(k) plan $ 7,125 $ 6,921 $ 6,654 Approximate number of shares 336,000 160,000 181,000 |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2021 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION Stock Incentive Plans We maintain stock incentive plans to attract and retain officers, directors, employees, consultants and advisors. Stock awards under these plans may include both performance-based and non-performance-based stock incentives. As of December 31, 2021, we had outstanding stock options to acquire approximately 4.8 million shares of our Class A common stock under these plans. Stock options granted prior to December 31, 2021 were granted with exercise prices equal to or greater than the market value of our Class A common stock at the date of grant or the last trading day prior to the date of grant (if the grant date is not a trading day) and generally with a maximum term of ten years for our officers and employees and five years for our non-employee directors. While we generally issue stock awards subject to vesting, typically over five years, some stock awards have been granted with immediate or longer vesting periods or that vest only upon the achievement of certain performance objectives. Under these plans, we grant to certain of our employees awards of fully vested shares of Class A common stock under our Employee Innovator Recognition Program, which is available to all of our eligible employees. As of December 31, 2021, we had approximately 6.4 million shares of our Class A common stock available for future grant under our stock incentive plans. In connection with the BSS Transaction, we adjusted stock options that were unexercised and outstanding as of the date of the Distribution, which resulted in an increase in the number of such options and a reduction in the exercise price of such options. The following table presents our exercise prices for stock options outstanding and exercisable as of December 31, 2021: Options Outstanding Options Exercisable Exercise Price Range Number Outstanding as of December 31, 2021 Weighted- Average Remaining Contractual Term (In Years) Weighted- Average Exercise Price Number Exercisable as of December 31, 2021 Weighted- Average Remaining Contractual Term (In Years) Weighted- Average Exercise Price $0.00 - $20.00 — 0 $ — — 0 $ — $20.01 - $25.00 309,321 9 24.43 33,221 4 24.34 $25.01 - $30.00 442,635 1 29.46 425,635 1 29.62 $30.01 - $35.00 616,374 5 32.76 415,065 4 33.49 $35.01 - $40.00 1,503,054 7 38.77 786,480 6 38.65 $40.01 - $45.00 1,006,518 3 42.22 1,001,942 3 42.22 $45.01 - $50.00 863,829 5 48.55 676,675 5 48.61 $50.01 - $55.00 57,524 5 52.68 47,156 4 52.70 4,799,255 5 38.86 3,386,174 4 39.98 Stock Award Activity The following table presents our stock option activity: For the years ended December 31, 2021 2020 2019 Options Weighted- Average Exercise Price Options Weighted- Average Exercise Price Options Weighted- Average Exercise Price Total options outstanding, beginning of period 4,804,891 $ 39.48 4,812,644 $ 43.40 5,013,038 $ 41.80 Granted 325,500 24.49 180,500 30.39 1,959,597 38.12 Exercised (22,264) 18.32 (45,170) 18.93 (1,986,937) 33.89 Forfeited and canceled (308,872) 34.79 (143,083) 41.58 (173,054) 48.99 Total options outstanding, end of period 4,799,255 38.86 4,804,891 39.48 4,812,644 43.40 Exercisable at end of period 3,386,174 39.99 3,045,000 39.42 2,510,947 38.76 The following table presents our additional share-based compensation disclosures: For the years ended December 31, 2021 2020 2019 Tax benefits from stock options exercised $ 304 $ 173 $ 6,989 Aggregate intrinsic value of our stock options exercised $ 238 $ 603 $ 17,101 Stock-Based Compensation The following table presents our total non-cash, stock-based compensation expense: For the years ended December 31, 2021 2020 2019 Stock-based compensation expense: Research and development expenses $ 530 $ 551 $ 465 Selling, general and administrative expenses 7,169 8,327 8,860 Total stock-based compensation expense $ 7,699 $ 8,878 $ 9,325 The income tax benefits related to stock-based compensation expense was $1.5 million, $1.7 million and $1.9 million for the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021, total unrecognized stock-based compensation cost, net of estimated forfeitures, related to our unvested stock awards was $10.9 million. This amount is based on an estimated future forfeiture rate of 2.0% per year and will be recognized over a weighted-average period of approximately two years. Valuation of Stock Options The fair value of each stock option granted for the years ended December 31, 2021, 2020 and 2019 was estimated at the date of the grant using a Black-Scholes option valuation model. The following table presents the estimated grant-date fair values and related assumptions: For the years ended December 31, 2021 2020 2019 Assumptions: Risk-free interest rate 0.48% - 1.11% 0.25% - 1.72% 1.83% - 2.54% Volatility 29.91% - 34.51% 24.32% - 30.07% 23.58% - 30.95% Expected term of options (in years) 4.0 - 5.9 4.0 - 5.9 5.7 - 5.8 Weighted-average grant-date fair value $6.20 - $8.32 $6.56 - $11.63 $10.22 - $14.49 We do not currently intend to pay dividends on our common stock and accordingly, the dividend yield used in the Black-Scholes option valuation model was assumed to be zero for all periods. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded stock options which have no vesting restrictions and are fully transferable. Consequently, our estimate of fair value may differ from that determined using other valuation models. Further, the Black-Scholes option valuation model requires the input of subjective assumptions. Changes in the subjective input assumptions can materially affect the fair value estimate. Based on the closing market price of our Class A common stock on December 31, 2021, the aggregate intrinsic value of our stock options was $0.6 million for options outstanding and $0.1 million for options exercisable as of December 31, 2021. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS - DISH NETWORK | RELATED PARTY TRANSACTIONS - DISH NETWORK Overview EchoStar Corporation and DISH have operated as separate publicly-traded companies since 2008 (the “Spin-off”). A substantial majority of the voting power of the shares of each of EchoStar Corporation and DISH is owned beneficially by Charles W. Ergen, our Chairman, and by certain entities established for the benefit of his family. In January 2017, we and certain of our subsidiaries entered into the Share Exchange Agreement with DISH and certain of its subsidiaries pursuant to which, in February 2017, we received all of the shares of the Tracking Stock, representing an 80% economic interest in the residential retail satellite broadband business of our Hughes segment, in the Share Exchange. The Tracking Stock was retired in March 2017. In September 2019, pursuant to the Master Transaction Agreement with DISH and the Merger Sub, we completed the BSS Transaction. In connection with and following the Spin-off, the Share Exchange and the BSS Transaction, we and DISH Network entered into certain agreements pursuant to which we obtain certain products, services and rights from DISH Network; DISH Network obtains certain products, services and rights from us; and we and DISH Network indemnify each other against certain liabilities arising from our respective businesses. Generally, the amounts we or DISH Network pay for products and services provided under the agreements are based on cost plus a fixed margin (unless noted differently below), which varies depending on the nature of the products and services provided. We may also enter into additional agreements with DISH Network in the future. Services and Other Revenue — DISH Network The following table presents our Services and other revenue - DISH Network : For the years ended December 31, 2021 2020 2019 Services and other revenue - DISH Network $ 33,884 $ 36,531 $ 53,429 The following table presents the related trade accounts receivable: As of December 31, 2021 2020 Trade accounts receivable - DISH Network $ 4,244 $ 5,612 Satellite Capacity Leased to DISH Network. Effective January 2008, DISH Network began leasing satellite capacity from us on the EchoStar IX satellite. Subject to availability, DISH Network generally has the right to continue leasing satellite capacity from us on the EchoStar IX satellite on a month-to-month basis. Telesat Obligation Agreement. In September 2009, we entered into the Telesat Transponder Agreement. In September 2009, we entered into the DISH Nimiq 5 Agreement. Under the terms of the DISH Nimiq 5 Agreement, DISH Network made certain monthly payments to us that commenced in September 2009, when the Nimiq 5 satellite was placed into service. We transferred the Telesat Transponder Agreement to DISH Network in September 2019 as part of the BSS Transaction; however, we retained certain obligations related to DISH Network’s performance under that agreement and we entered into an agreement with DISH Network whereby DISH Network compensates us for retaining such obligations. Real Estate Leases to DISH Network. We have entered into lease agreements pursuant to which DISH Network leases certain real estate from us. The rent on a per square foot basis for each of the leases is comparable to per square foot rental rates of similar commercial property in the same geographic area at the time of the leases or subsequent amendments. Additionally, DISH Network compensates us for its portion of the taxes, insurance, utilities and/or maintenance of the premises. The terms of each of the leases are set forth below: • 100 Inverness Occupancy License Agreement — In March 2017, we and DISH Network entered into a license agreement for DISH Network to use certain of our space at 100 Inverness Terrace East, Englewood, Colorado for an initial period ending in December 2020. Effective December 2020, we amended this agreement to extend the license until December 2021. Effective December 2021, we amended this agreement to extend the license until December 2022. This agreement may be terminated by either party upon 180 days’ prior notice. Subsequent to December 2022, this agreement will be converted to a month-to-month lease agreement unless extended by mutual consent or terminated by one of the parties upon 30 days’ notice. In connection with the BSS Transaction, we transferred to DISH Network the Englewood Satellite Operations Center located at 100 Inverness Terrace East, including any and all equipment, hardware licenses, software, processes, software licenses, furniture and technical documentation associated with the satellites transferred in the BSS Transaction. • Meridian Lease Agreement — The lease for all of 9601 S. Meridian Blvd., Englewood, Colorado was originally for a period ending in December 2016. We and DISH Network have amended this lease over time to, among other things, extend the term through December 2022. After December 2022, this agreement may be converted by mutual consent to a month-to-month lease agreement with either party having the right to terminate upon 30 days’ notice. TerreStar Agreement. In March 2012, DISH Network completed its acquisition of substantially all the assets of TerreStar Networks Inc. (“TerreStar”). Prior to DISH Network’s acquisition of substantially all the assets of TerreStar and our completion of the Hughes Acquisition, TerreStar and HNS entered into various agreements pursuant to which we provide, among other things, warranty, operations and maintenance and hosting services for TerreStar’s ground-based communications equipment (the “TerreStar Agreements”). In December 2017, we and DISH Network amended these agreements, effective as of January 1, 2018, to reduce certain pricing terms through December 31, 2023 and to modify certain termination provisions. DISH Network generally has the right to continue to receive warranty services from us for our products on a month-to-month basis unless terminated by DISH Network upon at least 21 days’ written notice to us. DISH Network generally has the right to continue to receive operations and maintenance services from us on a quarter-to-quarter basis unless these services are terminated by DISH Network upon at least 90 days’ written notice to us. The provision of hosting services will continue until May 2022. In addition, DISH Network generally may terminate any and all services for convenience subject to providing us with prior notice and/or payment of termination charges. In March 2020, we entered into an agreement with DISH Network pursuant to which we perform certain work and provide certain credits to amounts owed to us under the TerreStar Agreements in exchange for DISH Network’s granting us rights to use certain satellite capacity under the Amended and Restated Professional Services Agreement (as defined below). As a result, we and DISH Network amended the TerreStar Agreements to suspend our provision of warranty services to DISH Network from April 2020 through December 2020. Following the expiration of this suspension, we have recommenced providing warranty services to DISH Network. Hughes Broadband Distribution Agreement. Effective October 2012, we and DISH Network entered into a distribution agreement (the “Distribution Agreement”) pursuant to which DISH Network has the right, but not the obligation, to market, sell and distribute our Gen 4 HughesNet service. DISH Network pays us a monthly per subscriber wholesale service fee for our Gen 4 HughesNet service based upon a subscriber’s service level and based upon certain volume subscription thresholds. The Distribution Agreement also provides that DISH Network has the right, but not the obligation, to purchase certain broadband equipment from us to support the sale of the Gen 4 HughesNet service. The Distribution Agreement had an initial term of five years with automatic renewal for successive one-year terms unless terminated by either party with a written notice at least 180 days’ before the expiration of the then-current term. In February 2014, we and DISH Network entered into an amendment to the Distribution Agreement which, among other things, extended the initial term of the Distribution Agreement until March 2024. Upon expiration or termination of the Distribution Agreement, we and DISH Network will continue to provide our Gen 4 HughesNet service to the then-current DISH Network subscribers pursuant to the terms and conditions of the Distribution Agreement. DBSD North America Agreement. In March 2012, DISH Network completed its acquisition of all of the equity of DBSD North America, Inc. (“DBSD North America”). Prior to DISH Network’s acquisition of DBSD North America and our completion of the Hughes Acquisition, DBSD North America and HNS entered into various agreements pursuant to which we provide, among other things, warranty, operations and maintenance and hosting services of DBSD North America’s gateway and ground-based communications equipment. In December 2017, we and DBSD North America amended these agreements, effective as of January 1, 2018, to reduce certain pricing terms through December 31, 2023 and to modify certain termination provisions. DBSD North America has the right to continue to receive operations and maintenance services from us on a quarter-to-quarter basis, unless terminated by DBSD North America upon at least 120 days’ written notice to us. In February 2019, we further amended these agreements to provide DBSD North America with the right to continue to receive warranty services from us on a month-to-month basis until December 2023, unless terminated by DBSD North America upon at least 21 days’ written notice to us. The provision of hosting services will continue until February 2027 unless terminated by DBSD North America upon at least 180 days’ written notice to us. In addition, DBSD North America generally may terminate any and all such services for convenience, subject to providing us with prior notice and/or payment of termination charges. Operating Expenses — DISH Network The following table presents our operating expenses related to DISH Network: For the years ended December 31, 2021 2020 2019 Operating expenses - DISH Network $ 5,935 $ 5,793 $ 5,198 The following table presents the related trade accounts payable: As of December 31, 2021 2020 Trade accounts payable - DISH Network $ 503 $ 752 Real Estate Leases from DISH Network. We have entered into lease agreements pursuant to which we lease certain real estate from DISH Network. The rent on a per square foot basis is comparable to per square foot rental rates of similar commercial property in the same geographic area at the time of the lease or subsequent amendments and includes our portion of the taxes, insurance, utilities and/or maintenance of the premises. The terms of each of the leases are set forth below: • Cheyenne Lease Agreement — Effective March 2017, we entered into a lease with DISH Network for certain space at 530 EchoStar Drive in Cheyenne, Wyoming for an initial period ending in February 2019. In August 2018, we exercised our option to renew this lease for a one-year period ending in February 2020. In connection with the BSS Transaction, we transferred the Cheyenne Satellite Operations Center, including any equipment, software licenses, and furniture located within, to DISH Network and amended this lease to reduce the space provided to us for the Cheyenne Satellite Access Center for a period ending in September 2021. In March 2021, we exercised our option to renew this lease for a one-year period ending September 2022 and amended the lease to provide us the option to renew this lease for up to three • American Fork Occupancy License Agreement — Effective March 2017, we entered into an agreement with DISH Network for certain space at 796 East Utah Valley Drive in American Fork, Utah for a period ending in August 2017. We exercised our option to renew this agreement for a five Collocation and Antenna Space Agreements . We and DISH Network entered into an agreement pursuant to which DISH Network provided us with collocation space in El Paso, Texas. This agreement was for an initial period ending in July 2015, and provided us with renewal options for four consecutive three-year terms. We exercised our first renewal option for a period commencing in August 2015 and ending in July 2018, in April 2018 we exercised our second renewal option for a period ending in July 2021, and in May 2021 we exercised our third renewal option for a period ending in July 2024. In connection with the Share Exchange, effective March 2017, we also entered into certain agreements pursuant to which DISH Network provides collocation and antenna space to EchoStar through February 2022 at the following locations: Cheyenne, Wyoming; Gilbert, Arizona; New Braunfels, Texas; Monee, Illinois; Spokane, Washington; and Englewood, Colorado. In October 2019, we provided a termination notice for our New Braunfels, Texas agreement to be effective May 2020. In November 2020, we provided a termination notice for one of our Englewood, Colorado agreements to be effective May 2021. In August 2017, we and DISH Network also entered into certain other agreements pursuant to which DISH Network provides additional collocation and antenna space to us in Monee, Illinois and Spokane, Washington through August 2022. In November 2021, we exercised our right to renew the collocation agreements at Gilbert, Arizona, Cheyenne, Wyoming, Spokane, Washington, Englewood, Colorado and Monee, Illinois for a period ending in February 2025. Generally, we may renew our collocation and antenna space agreements for three-year periods by providing DISH Network with prior written notice no more than 120 days but no less than 90 days prior to the end of the then-current term. We may terminate certain of these agreements with 180 days’ prior written notice. In September 2019, in connection with the BSS Transaction, we entered into an agreement pursuant to which DISH Network provided us with certain additional collocation space in Cheyenne, Wyoming for a period that ended in September 2020. The fees for the services provided under these agreements depend on the number of racks located at the location. Also in connection with the BSS Transaction, in September 2019, we entered into an agreement pursuant to which DISH Network provides us with antenna space and power in Cheyenne, Wyoming for a period of five years commencing in August 2020, with four three-year renewal terms, with prior written notice of renewal required no more than 120 days but no less than 90 days prior to the end of the then-current term. In March 2021, we entered into additional agreements pursuant to which DISH Network provides us with antenna space and power in Cheyenne, Wyoming, and the right to use an antenna and certain space in Gilbert, Arizona. Both agreements are for a period of five years with four three-year renewal terms, with prior written notice of renewal required no more than 120 days but no less than 90 days prior to the end of the then-current term. Hughes Broadband Master Services Agreement . In conjunction with the launch of our EchoStar XIX satellite, in March 2017, we and DISH Network entered into a master service agreement (the “Hughes Broadband MSA”) pursuant to which DISH Network, among other things: (i) has the right, but not the obligation, to market, promote and solicit orders and upgrades for our Gen 5 HughesNet service and related equipment and other telecommunication services and (ii) installs Gen 5 HughesNet service equipment with respect to activations generated by DISH Network. Under the Hughes Broadband MSA, we and DISH Network make certain payments to each other relating to sales, upgrades, purchases and installation services. The current term of the Hughes Broadband MSA is through March 2023 with automatic renewal for successive one-year terms. Either party has the ability to terminate the Hughes Broadband MSA, in whole or in part, for any reason upon at least 90 days’ notice to the other party. Upon expiration or termination of the Hughes Broadband MSA, we will continue to provide our Gen 5 HughesNet service to subscribers and make certain payments to DISH Network pursuant to the terms and conditions of the Hughes Broadband MSA. We incurred sales incentives and other costs under the Hughes Broadband MSA totaling $8.4 million, $16.6 million and $17.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. 2019 TT&C Agreement . In September 2019, in connection with the BSS Transaction, we entered into an agreement pursuant to which DISH Network provides TT&C services to us for a period ending in September 2021, with the option for us to renew for a one-year period upon written notice at least 90 days prior to the initial expiration (the “2019 TT&C Agreement”). In June 2021, we amended the 2019 TT&C Agreement to extend the term until September 2022 and added the option for us to renew the 2019 TT&C Agreement up to an additional three years. The fees for services provided under the 2019 TT&C Agreement are calculated at either: (i) a fixed fee or (ii) cost plus a fixed margin, which will vary depending on the nature of the services provided. Any party is able to terminate the 2019 TT&C Agreement for any reason upon 12 months’ notice. Referral Marketing Agreement . In June 2021, we and DISH Network entered into an agreement pursuant to which we will pre-qualify prospects contacting Hughes call centers and transfer those prospects to DISH Network for introduction to DISH Network’s video services, for prospects that convert Hughes will receive a commission. This agreement has an indefinite term and, after June 2022, may be terminated by either party upon 90 days’ prior written notice. Other Receivables - DISH Network The following table presents our other receivables owed from DISH Network: As of December 31, 2021 2020 Other receivables - DISH Network, current $ 12,705 $ — Other receivables - DISH Network, noncurrent $ 77,920 $ 92,680 Tax Sharing Agreement. Effective December 2007, we and DISH Network entered into a tax sharing agreement (the “Tax Sharing Agreement”) in connection with the Spin-off. This agreement governs our and DISH Network’s respective rights, responsibilities and obligations after the Spin-off with respect to taxes for the periods ending on or before the Spin-off. Generally, all pre-Spin-off taxes, including any taxes that are incurred as a result of restructuring activities undertaken to implement the Spin-off, are borne by DISH Network and DISH Network indemnifies us for such taxes. However, DISH Network is not liable for and does not indemnify us for any taxes that are incurred as a result of the Spin-off or certain related transactions failing to qualify as tax-free distributions pursuant to any provision of Section 355 or Section 361 of the Code, because of: (i) a direct or indirect acquisition of any of our stock, stock options or assets; (ii) any action that we take or fail to take or (iii) any action that we take that is inconsistent with the information and representations furnished to the IRS in connection with the request for the private letter ruling, or to counsel in connection with any opinion being delivered by counsel with respect to the Spin-off or certain related transactions. In such case, we will be solely liable for, and will indemnify DISH Network for any resulting taxes, as well as any losses, claims and expenses. The Tax Sharing Agreement will terminate after the later of the full period of all applicable statutes of limitations, including extensions, or once all rights and obligations are fully effectuated or performed. In light of the Tax Sharing Agreement, among other things, and in connection with our consolidated federal income tax returns for certain tax years prior to and for the year of the Spin-off, in September 2013, we and DISH Network agreed upon a supplemental allocation of the tax benefits arising from certain tax items resolved in the course of the IRS’s examination of our consolidated tax returns. Prior to the agreement with DISH Network in 2013, the federal tax benefits were reflected as a deferred tax asset for depreciation and amortization, which was netted in our non-current deferred tax liabilities. The agreement with DISH Network in 2013 requires DISH Network to pay us the federal tax benefit it receives at such time as we would have otherwise been able to realize such tax benefit. We recorded a non-current receivable from DISH Network in Other receivables - DISH Network and a corresponding increase in our Deferred tax liabilities, net to reflect the effects of this agreement in September 2013. In addition, in September 2013, we and DISH Network agreed upon a tax sharing arrangement for filing certain combined state income tax returns and a method of allocating the respective tax liabilities between us and DISH Network for such combined returns, through the taxable period ending on December 31, 2017 (the “State Tax Arrangement”). In August 2018, we and DISH Network amended the Tax Sharing Agreement and the 2013 agreements (the “Tax Sharing Amendment”). Under the Tax Sharing Amendment, to the extent permitted by applicable tax law, DISH Network is entitled to apply the benefit of our 2009 net operating losses (the “SATS 2009 NOLs”) to DISH Network’s federal tax return for the year ended December 31, 2008, in exchange for DISH Network paying us over time the value of the net annual federal income taxes paid by us that would have been otherwise offset by the SATS 2009 NOLs. The Tax Sharing Amendment also requires us and DISH Network to pay the other for the benefits of certain past and future federal research and development tax credits that we or DISH Network receive or received as a result of being part of a controlled group under the Code, and requires DISH Network to compensate us for certain past tax losses utilized by DISH Network and for certain past and future excess California research and development tax credits generated by us and used by DISH Network. In addition, the Tax Sharing Amendment extends the term of the State Tax Arrangement to the earlier of termination of the Tax Sharing Agreement, a change in control of either us or DISH Network or, for any particular state, if we and DISH Network no longer file a combined tax return for such state. We and DISH Network filed combined income tax returns in certain states from 2008 through 2019. We have earned and recognized tax benefits for certain state income tax credits that we would be unable to fully utilize currently if we had filed separately from DISH Network. We have charged Additional paid-in capital in prior periods when DISH Network has utilized such tax benefits. We expect to increase Additional paid-in capital upon receipt of any consideration that DISH Network pays to us in exchange for these tax credits. For the years ended December 31, 2020 and 2019, DISH Network has utilized tax benefits of $2.2 million and tax provisions of $1.6 million, respectively. Master Transaction Agreement. In May 2019, we and BSS Corp. entered into the Master Transaction Agreement with DISH and Merger Sub with respect to the BSS Transaction. Pursuant to the terms of the Master Transaction Agreement, on September 10, 2019: (i) we transferred the BSS Business to BSS Corp.; (ii) we completed the Distribution; and (iii) immediately after the Distribution, (1) BSS Corp. became a wholly-owned subsidiary of DISH such that DISH owns and operates the BSS Business and (2) each issued and outstanding share of BSS Common Stock owned by EchoStar stockholders was converted into the right to receive 0.23523769 shares of DISH Common Stock. Following the consummation of the BSS Transaction, we no longer operate the BSS Business, which was a substantial portion of our ESS segment. The Master Transaction Agreement contained customary representations and warranties by us and DISH Network, including our representations relating to the assets, liabilities and financial condition of the BSS Business, and representations by DISH Network relating to its financial condition and liabilities. We and DISH Network have agreed to indemnify each other against certain losses with respect to breaches of certain representations and covenants and certain retained and assumed liabilities, respectively. BSS Transaction Intellectual Property and Technology License Agreement. Effective September 2019, in connection with the BSS Transaction, we and DISH Network entered into an intellectual property and technology license agreement (the “BSS IPTLA”) pursuant to which we and DISH Network license to each other certain intellectual property and technology. The BSS IPTLA will continue in perpetuity, unless mutually terminated by the parties. Pursuant to the BSS IPTLA, we granted to DISH Network a license to our intellectual property and technology for use by DISH Network, among other things, in connection with its continued operation of the BSS Business acquired pursuant to the BSS Transaction, including a limited license to use the “ESS” and “ECHOSTAR SATELLITE SERVICES” trademarks during a transition period. EchoStar retains full ownership of the “ESS” and “ECHOSTAR SATELLITE SERVICES” trademarks. In addition, DISH Network granted a license back to us, among other things, for the continued use of all intellectual property and technology that is used in our retained businesses but the ownership of which was transferred to DISH Network pursuant to the BSS Transaction. BSS Transaction Employee Matters Agreement. Effective September 2019, in connection with the BSS Transaction, we and DISH Network entered into an employee matters agreement that addressed the transfer of employees from us to DISH Network, including certain benefit and compensation matters and the allocation of responsibility for employee related liabilities relating to current and past employees of the BSS Business. DISH Network assumed employee-related liabilities relating to the BSS Business as part of the BSS Transaction, except that we are responsible for certain pre-BSS Transaction compensation and benefits for employees who transferred to DISH Network in connection with the BSS Transaction. Share Exchange Agreement . In February 2017 we consummated the Share Exchange, following which we no longer operate the transferred EchoStar Technologies businesses and the Tracking Stock was retired and is no longer outstanding and all agreements, arrangements and policy statements with respect to such Tracking Stock terminated and are of no further effect. Pursuant to the Share Exchange Agreement, we transferred certain assets, investments in joint ventures, spectrum licenses and real estate properties and DISH Network assumed certain liabilities relating to the transferred assets and businesses. The Share Exchange Agreement contained customary representations and warranties by the parties, including representations by us related to the transferred assets, assumed liabilities and the financial condition of the transferred businesses. We and DISH Network also agreed to customary indemnification provisions whereby each party indemnifies the other against certain losses with respect to breaches of representations, warranties or covenants and certain liabilities and if certain actions undertaken by us or DISH causes the transaction to be taxable to the other party after closing. Share Exchange Employee Matters Agreement . Effective March 2017, in connection with the Share Exchange, we and DISH Network entered into an employee matters agreement that addressed the transfer of employees from us to DISH Network, including certain benefit and compensation matters and the allocation of responsibility for employee related liabilities relating to current and past employees of the transferred businesses. DISH Network assumed employee-related liabilities relating to the transferred businesses as part of the Share Exchange, except that we are responsible for certain pre-Share Exchange employee related litigation, and compensation and benefits for employees who transferred to DISH Network in connection with the Share Exchange. TerreStar Solutions DISH Network owns more than 15% of TerreStar Solutions, Inc. (“TSI”). In May 2018, we and TSI entered into an equipment and services agreement pursuant to which we design, manufacture and install upgraded ground communications network equipment for TSI’s network and provide, among other things, warranty and support services. We recognized revenue of $1.9 million, $4.4 million and $12.5 million for the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2020, we had $0.4 million of trade accounts receivable from TSI. Global IP In May 2017, we entered into an agreement with Global-IP Cayman (“Global IP”) providing for the sale of certain equipment and services to Global IP. Mr. William David Wade, a member of our board of directors, served as a member of the board of directors of Global IP and as an executive advisor to the Chief Executive Officer of Global IP from September 2017 until April 2019 and from September 2017 until December 2019, respectively. In August 2018, we and Global IP amended the agreement to: (i) change certain of the equipment and services to be provided to Global IP, (ii) modify certain payment terms, (iii) provide Global IP an option to use one of our test lab facilities and (iv) effectuate the assignment of the agreement from Global IP to one of its wholly-owned subsidiaries. In February 2019, we terminated the agreement as a result of Global IP’s defaults resulting from its failure to make payments to us as required under the terms of the agreement and we reserved our rights and remedies against Global IP under the agreement. We have not recognized any revenue since the termination of this agreement. As of December 31, 2021 and 2020, we were owed $7.5 million from Global IP. |
Related Party Transactions - Ot
Related Party Transactions - Other | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS - OTHER | RELATED PARTY TRANSACTIONS - DISH NETWORK Overview EchoStar Corporation and DISH have operated as separate publicly-traded companies since 2008 (the “Spin-off”). A substantial majority of the voting power of the shares of each of EchoStar Corporation and DISH is owned beneficially by Charles W. Ergen, our Chairman, and by certain entities established for the benefit of his family. In January 2017, we and certain of our subsidiaries entered into the Share Exchange Agreement with DISH and certain of its subsidiaries pursuant to which, in February 2017, we received all of the shares of the Tracking Stock, representing an 80% economic interest in the residential retail satellite broadband business of our Hughes segment, in the Share Exchange. The Tracking Stock was retired in March 2017. In September 2019, pursuant to the Master Transaction Agreement with DISH and the Merger Sub, we completed the BSS Transaction. In connection with and following the Spin-off, the Share Exchange and the BSS Transaction, we and DISH Network entered into certain agreements pursuant to which we obtain certain products, services and rights from DISH Network; DISH Network obtains certain products, services and rights from us; and we and DISH Network indemnify each other against certain liabilities arising from our respective businesses. Generally, the amounts we or DISH Network pay for products and services provided under the agreements are based on cost plus a fixed margin (unless noted differently below), which varies depending on the nature of the products and services provided. We may also enter into additional agreements with DISH Network in the future. Services and Other Revenue — DISH Network The following table presents our Services and other revenue - DISH Network : For the years ended December 31, 2021 2020 2019 Services and other revenue - DISH Network $ 33,884 $ 36,531 $ 53,429 The following table presents the related trade accounts receivable: As of December 31, 2021 2020 Trade accounts receivable - DISH Network $ 4,244 $ 5,612 Satellite Capacity Leased to DISH Network. Effective January 2008, DISH Network began leasing satellite capacity from us on the EchoStar IX satellite. Subject to availability, DISH Network generally has the right to continue leasing satellite capacity from us on the EchoStar IX satellite on a month-to-month basis. Telesat Obligation Agreement. In September 2009, we entered into the Telesat Transponder Agreement. In September 2009, we entered into the DISH Nimiq 5 Agreement. Under the terms of the DISH Nimiq 5 Agreement, DISH Network made certain monthly payments to us that commenced in September 2009, when the Nimiq 5 satellite was placed into service. We transferred the Telesat Transponder Agreement to DISH Network in September 2019 as part of the BSS Transaction; however, we retained certain obligations related to DISH Network’s performance under that agreement and we entered into an agreement with DISH Network whereby DISH Network compensates us for retaining such obligations. Real Estate Leases to DISH Network. We have entered into lease agreements pursuant to which DISH Network leases certain real estate from us. The rent on a per square foot basis for each of the leases is comparable to per square foot rental rates of similar commercial property in the same geographic area at the time of the leases or subsequent amendments. Additionally, DISH Network compensates us for its portion of the taxes, insurance, utilities and/or maintenance of the premises. The terms of each of the leases are set forth below: • 100 Inverness Occupancy License Agreement — In March 2017, we and DISH Network entered into a license agreement for DISH Network to use certain of our space at 100 Inverness Terrace East, Englewood, Colorado for an initial period ending in December 2020. Effective December 2020, we amended this agreement to extend the license until December 2021. Effective December 2021, we amended this agreement to extend the license until December 2022. This agreement may be terminated by either party upon 180 days’ prior notice. Subsequent to December 2022, this agreement will be converted to a month-to-month lease agreement unless extended by mutual consent or terminated by one of the parties upon 30 days’ notice. In connection with the BSS Transaction, we transferred to DISH Network the Englewood Satellite Operations Center located at 100 Inverness Terrace East, including any and all equipment, hardware licenses, software, processes, software licenses, furniture and technical documentation associated with the satellites transferred in the BSS Transaction. • Meridian Lease Agreement — The lease for all of 9601 S. Meridian Blvd., Englewood, Colorado was originally for a period ending in December 2016. We and DISH Network have amended this lease over time to, among other things, extend the term through December 2022. After December 2022, this agreement may be converted by mutual consent to a month-to-month lease agreement with either party having the right to terminate upon 30 days’ notice. TerreStar Agreement. In March 2012, DISH Network completed its acquisition of substantially all the assets of TerreStar Networks Inc. (“TerreStar”). Prior to DISH Network’s acquisition of substantially all the assets of TerreStar and our completion of the Hughes Acquisition, TerreStar and HNS entered into various agreements pursuant to which we provide, among other things, warranty, operations and maintenance and hosting services for TerreStar’s ground-based communications equipment (the “TerreStar Agreements”). In December 2017, we and DISH Network amended these agreements, effective as of January 1, 2018, to reduce certain pricing terms through December 31, 2023 and to modify certain termination provisions. DISH Network generally has the right to continue to receive warranty services from us for our products on a month-to-month basis unless terminated by DISH Network upon at least 21 days’ written notice to us. DISH Network generally has the right to continue to receive operations and maintenance services from us on a quarter-to-quarter basis unless these services are terminated by DISH Network upon at least 90 days’ written notice to us. The provision of hosting services will continue until May 2022. In addition, DISH Network generally may terminate any and all services for convenience subject to providing us with prior notice and/or payment of termination charges. In March 2020, we entered into an agreement with DISH Network pursuant to which we perform certain work and provide certain credits to amounts owed to us under the TerreStar Agreements in exchange for DISH Network’s granting us rights to use certain satellite capacity under the Amended and Restated Professional Services Agreement (as defined below). As a result, we and DISH Network amended the TerreStar Agreements to suspend our provision of warranty services to DISH Network from April 2020 through December 2020. Following the expiration of this suspension, we have recommenced providing warranty services to DISH Network. Hughes Broadband Distribution Agreement. Effective October 2012, we and DISH Network entered into a distribution agreement (the “Distribution Agreement”) pursuant to which DISH Network has the right, but not the obligation, to market, sell and distribute our Gen 4 HughesNet service. DISH Network pays us a monthly per subscriber wholesale service fee for our Gen 4 HughesNet service based upon a subscriber’s service level and based upon certain volume subscription thresholds. The Distribution Agreement also provides that DISH Network has the right, but not the obligation, to purchase certain broadband equipment from us to support the sale of the Gen 4 HughesNet service. The Distribution Agreement had an initial term of five years with automatic renewal for successive one-year terms unless terminated by either party with a written notice at least 180 days’ before the expiration of the then-current term. In February 2014, we and DISH Network entered into an amendment to the Distribution Agreement which, among other things, extended the initial term of the Distribution Agreement until March 2024. Upon expiration or termination of the Distribution Agreement, we and DISH Network will continue to provide our Gen 4 HughesNet service to the then-current DISH Network subscribers pursuant to the terms and conditions of the Distribution Agreement. DBSD North America Agreement. In March 2012, DISH Network completed its acquisition of all of the equity of DBSD North America, Inc. (“DBSD North America”). Prior to DISH Network’s acquisition of DBSD North America and our completion of the Hughes Acquisition, DBSD North America and HNS entered into various agreements pursuant to which we provide, among other things, warranty, operations and maintenance and hosting services of DBSD North America’s gateway and ground-based communications equipment. In December 2017, we and DBSD North America amended these agreements, effective as of January 1, 2018, to reduce certain pricing terms through December 31, 2023 and to modify certain termination provisions. DBSD North America has the right to continue to receive operations and maintenance services from us on a quarter-to-quarter basis, unless terminated by DBSD North America upon at least 120 days’ written notice to us. In February 2019, we further amended these agreements to provide DBSD North America with the right to continue to receive warranty services from us on a month-to-month basis until December 2023, unless terminated by DBSD North America upon at least 21 days’ written notice to us. The provision of hosting services will continue until February 2027 unless terminated by DBSD North America upon at least 180 days’ written notice to us. In addition, DBSD North America generally may terminate any and all such services for convenience, subject to providing us with prior notice and/or payment of termination charges. Operating Expenses — DISH Network The following table presents our operating expenses related to DISH Network: For the years ended December 31, 2021 2020 2019 Operating expenses - DISH Network $ 5,935 $ 5,793 $ 5,198 The following table presents the related trade accounts payable: As of December 31, 2021 2020 Trade accounts payable - DISH Network $ 503 $ 752 Real Estate Leases from DISH Network. We have entered into lease agreements pursuant to which we lease certain real estate from DISH Network. The rent on a per square foot basis is comparable to per square foot rental rates of similar commercial property in the same geographic area at the time of the lease or subsequent amendments and includes our portion of the taxes, insurance, utilities and/or maintenance of the premises. The terms of each of the leases are set forth below: • Cheyenne Lease Agreement — Effective March 2017, we entered into a lease with DISH Network for certain space at 530 EchoStar Drive in Cheyenne, Wyoming for an initial period ending in February 2019. In August 2018, we exercised our option to renew this lease for a one-year period ending in February 2020. In connection with the BSS Transaction, we transferred the Cheyenne Satellite Operations Center, including any equipment, software licenses, and furniture located within, to DISH Network and amended this lease to reduce the space provided to us for the Cheyenne Satellite Access Center for a period ending in September 2021. In March 2021, we exercised our option to renew this lease for a one-year period ending September 2022 and amended the lease to provide us the option to renew this lease for up to three • American Fork Occupancy License Agreement — Effective March 2017, we entered into an agreement with DISH Network for certain space at 796 East Utah Valley Drive in American Fork, Utah for a period ending in August 2017. We exercised our option to renew this agreement for a five Collocation and Antenna Space Agreements . We and DISH Network entered into an agreement pursuant to which DISH Network provided us with collocation space in El Paso, Texas. This agreement was for an initial period ending in July 2015, and provided us with renewal options for four consecutive three-year terms. We exercised our first renewal option for a period commencing in August 2015 and ending in July 2018, in April 2018 we exercised our second renewal option for a period ending in July 2021, and in May 2021 we exercised our third renewal option for a period ending in July 2024. In connection with the Share Exchange, effective March 2017, we also entered into certain agreements pursuant to which DISH Network provides collocation and antenna space to EchoStar through February 2022 at the following locations: Cheyenne, Wyoming; Gilbert, Arizona; New Braunfels, Texas; Monee, Illinois; Spokane, Washington; and Englewood, Colorado. In October 2019, we provided a termination notice for our New Braunfels, Texas agreement to be effective May 2020. In November 2020, we provided a termination notice for one of our Englewood, Colorado agreements to be effective May 2021. In August 2017, we and DISH Network also entered into certain other agreements pursuant to which DISH Network provides additional collocation and antenna space to us in Monee, Illinois and Spokane, Washington through August 2022. In November 2021, we exercised our right to renew the collocation agreements at Gilbert, Arizona, Cheyenne, Wyoming, Spokane, Washington, Englewood, Colorado and Monee, Illinois for a period ending in February 2025. Generally, we may renew our collocation and antenna space agreements for three-year periods by providing DISH Network with prior written notice no more than 120 days but no less than 90 days prior to the end of the then-current term. We may terminate certain of these agreements with 180 days’ prior written notice. In September 2019, in connection with the BSS Transaction, we entered into an agreement pursuant to which DISH Network provided us with certain additional collocation space in Cheyenne, Wyoming for a period that ended in September 2020. The fees for the services provided under these agreements depend on the number of racks located at the location. Also in connection with the BSS Transaction, in September 2019, we entered into an agreement pursuant to which DISH Network provides us with antenna space and power in Cheyenne, Wyoming for a period of five years commencing in August 2020, with four three-year renewal terms, with prior written notice of renewal required no more than 120 days but no less than 90 days prior to the end of the then-current term. In March 2021, we entered into additional agreements pursuant to which DISH Network provides us with antenna space and power in Cheyenne, Wyoming, and the right to use an antenna and certain space in Gilbert, Arizona. Both agreements are for a period of five years with four three-year renewal terms, with prior written notice of renewal required no more than 120 days but no less than 90 days prior to the end of the then-current term. Hughes Broadband Master Services Agreement . In conjunction with the launch of our EchoStar XIX satellite, in March 2017, we and DISH Network entered into a master service agreement (the “Hughes Broadband MSA”) pursuant to which DISH Network, among other things: (i) has the right, but not the obligation, to market, promote and solicit orders and upgrades for our Gen 5 HughesNet service and related equipment and other telecommunication services and (ii) installs Gen 5 HughesNet service equipment with respect to activations generated by DISH Network. Under the Hughes Broadband MSA, we and DISH Network make certain payments to each other relating to sales, upgrades, purchases and installation services. The current term of the Hughes Broadband MSA is through March 2023 with automatic renewal for successive one-year terms. Either party has the ability to terminate the Hughes Broadband MSA, in whole or in part, for any reason upon at least 90 days’ notice to the other party. Upon expiration or termination of the Hughes Broadband MSA, we will continue to provide our Gen 5 HughesNet service to subscribers and make certain payments to DISH Network pursuant to the terms and conditions of the Hughes Broadband MSA. We incurred sales incentives and other costs under the Hughes Broadband MSA totaling $8.4 million, $16.6 million and $17.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. 2019 TT&C Agreement . In September 2019, in connection with the BSS Transaction, we entered into an agreement pursuant to which DISH Network provides TT&C services to us for a period ending in September 2021, with the option for us to renew for a one-year period upon written notice at least 90 days prior to the initial expiration (the “2019 TT&C Agreement”). In June 2021, we amended the 2019 TT&C Agreement to extend the term until September 2022 and added the option for us to renew the 2019 TT&C Agreement up to an additional three years. The fees for services provided under the 2019 TT&C Agreement are calculated at either: (i) a fixed fee or (ii) cost plus a fixed margin, which will vary depending on the nature of the services provided. Any party is able to terminate the 2019 TT&C Agreement for any reason upon 12 months’ notice. Referral Marketing Agreement . In June 2021, we and DISH Network entered into an agreement pursuant to which we will pre-qualify prospects contacting Hughes call centers and transfer those prospects to DISH Network for introduction to DISH Network’s video services, for prospects that convert Hughes will receive a commission. This agreement has an indefinite term and, after June 2022, may be terminated by either party upon 90 days’ prior written notice. Other Receivables - DISH Network The following table presents our other receivables owed from DISH Network: As of December 31, 2021 2020 Other receivables - DISH Network, current $ 12,705 $ — Other receivables - DISH Network, noncurrent $ 77,920 $ 92,680 Tax Sharing Agreement. Effective December 2007, we and DISH Network entered into a tax sharing agreement (the “Tax Sharing Agreement”) in connection with the Spin-off. This agreement governs our and DISH Network’s respective rights, responsibilities and obligations after the Spin-off with respect to taxes for the periods ending on or before the Spin-off. Generally, all pre-Spin-off taxes, including any taxes that are incurred as a result of restructuring activities undertaken to implement the Spin-off, are borne by DISH Network and DISH Network indemnifies us for such taxes. However, DISH Network is not liable for and does not indemnify us for any taxes that are incurred as a result of the Spin-off or certain related transactions failing to qualify as tax-free distributions pursuant to any provision of Section 355 or Section 361 of the Code, because of: (i) a direct or indirect acquisition of any of our stock, stock options or assets; (ii) any action that we take or fail to take or (iii) any action that we take that is inconsistent with the information and representations furnished to the IRS in connection with the request for the private letter ruling, or to counsel in connection with any opinion being delivered by counsel with respect to the Spin-off or certain related transactions. In such case, we will be solely liable for, and will indemnify DISH Network for any resulting taxes, as well as any losses, claims and expenses. The Tax Sharing Agreement will terminate after the later of the full period of all applicable statutes of limitations, including extensions, or once all rights and obligations are fully effectuated or performed. In light of the Tax Sharing Agreement, among other things, and in connection with our consolidated federal income tax returns for certain tax years prior to and for the year of the Spin-off, in September 2013, we and DISH Network agreed upon a supplemental allocation of the tax benefits arising from certain tax items resolved in the course of the IRS’s examination of our consolidated tax returns. Prior to the agreement with DISH Network in 2013, the federal tax benefits were reflected as a deferred tax asset for depreciation and amortization, which was netted in our non-current deferred tax liabilities. The agreement with DISH Network in 2013 requires DISH Network to pay us the federal tax benefit it receives at such time as we would have otherwise been able to realize such tax benefit. We recorded a non-current receivable from DISH Network in Other receivables - DISH Network and a corresponding increase in our Deferred tax liabilities, net to reflect the effects of this agreement in September 2013. In addition, in September 2013, we and DISH Network agreed upon a tax sharing arrangement for filing certain combined state income tax returns and a method of allocating the respective tax liabilities between us and DISH Network for such combined returns, through the taxable period ending on December 31, 2017 (the “State Tax Arrangement”). In August 2018, we and DISH Network amended the Tax Sharing Agreement and the 2013 agreements (the “Tax Sharing Amendment”). Under the Tax Sharing Amendment, to the extent permitted by applicable tax law, DISH Network is entitled to apply the benefit of our 2009 net operating losses (the “SATS 2009 NOLs”) to DISH Network’s federal tax return for the year ended December 31, 2008, in exchange for DISH Network paying us over time the value of the net annual federal income taxes paid by us that would have been otherwise offset by the SATS 2009 NOLs. The Tax Sharing Amendment also requires us and DISH Network to pay the other for the benefits of certain past and future federal research and development tax credits that we or DISH Network receive or received as a result of being part of a controlled group under the Code, and requires DISH Network to compensate us for certain past tax losses utilized by DISH Network and for certain past and future excess California research and development tax credits generated by us and used by DISH Network. In addition, the Tax Sharing Amendment extends the term of the State Tax Arrangement to the earlier of termination of the Tax Sharing Agreement, a change in control of either us or DISH Network or, for any particular state, if we and DISH Network no longer file a combined tax return for such state. We and DISH Network filed combined income tax returns in certain states from 2008 through 2019. We have earned and recognized tax benefits for certain state income tax credits that we would be unable to fully utilize currently if we had filed separately from DISH Network. We have charged Additional paid-in capital in prior periods when DISH Network has utilized such tax benefits. We expect to increase Additional paid-in capital upon receipt of any consideration that DISH Network pays to us in exchange for these tax credits. For the years ended December 31, 2020 and 2019, DISH Network has utilized tax benefits of $2.2 million and tax provisions of $1.6 million, respectively. Master Transaction Agreement. In May 2019, we and BSS Corp. entered into the Master Transaction Agreement with DISH and Merger Sub with respect to the BSS Transaction. Pursuant to the terms of the Master Transaction Agreement, on September 10, 2019: (i) we transferred the BSS Business to BSS Corp.; (ii) we completed the Distribution; and (iii) immediately after the Distribution, (1) BSS Corp. became a wholly-owned subsidiary of DISH such that DISH owns and operates the BSS Business and (2) each issued and outstanding share of BSS Common Stock owned by EchoStar stockholders was converted into the right to receive 0.23523769 shares of DISH Common Stock. Following the consummation of the BSS Transaction, we no longer operate the BSS Business, which was a substantial portion of our ESS segment. The Master Transaction Agreement contained customary representations and warranties by us and DISH Network, including our representations relating to the assets, liabilities and financial condition of the BSS Business, and representations by DISH Network relating to its financial condition and liabilities. We and DISH Network have agreed to indemnify each other against certain losses with respect to breaches of certain representations and covenants and certain retained and assumed liabilities, respectively. BSS Transaction Intellectual Property and Technology License Agreement. Effective September 2019, in connection with the BSS Transaction, we and DISH Network entered into an intellectual property and technology license agreement (the “BSS IPTLA”) pursuant to which we and DISH Network license to each other certain intellectual property and technology. The BSS IPTLA will continue in perpetuity, unless mutually terminated by the parties. Pursuant to the BSS IPTLA, we granted to DISH Network a license to our intellectual property and technology for use by DISH Network, among other things, in connection with its continued operation of the BSS Business acquired pursuant to the BSS Transaction, including a limited license to use the “ESS” and “ECHOSTAR SATELLITE SERVICES” trademarks during a transition period. EchoStar retains full ownership of the “ESS” and “ECHOSTAR SATELLITE SERVICES” trademarks. In addition, DISH Network granted a license back to us, among other things, for the continued use of all intellectual property and technology that is used in our retained businesses but the ownership of which was transferred to DISH Network pursuant to the BSS Transaction. BSS Transaction Employee Matters Agreement. Effective September 2019, in connection with the BSS Transaction, we and DISH Network entered into an employee matters agreement that addressed the transfer of employees from us to DISH Network, including certain benefit and compensation matters and the allocation of responsibility for employee related liabilities relating to current and past employees of the BSS Business. DISH Network assumed employee-related liabilities relating to the BSS Business as part of the BSS Transaction, except that we are responsible for certain pre-BSS Transaction compensation and benefits for employees who transferred to DISH Network in connection with the BSS Transaction. Share Exchange Agreement . In February 2017 we consummated the Share Exchange, following which we no longer operate the transferred EchoStar Technologies businesses and the Tracking Stock was retired and is no longer outstanding and all agreements, arrangements and policy statements with respect to such Tracking Stock terminated and are of no further effect. Pursuant to the Share Exchange Agreement, we transferred certain assets, investments in joint ventures, spectrum licenses and real estate properties and DISH Network assumed certain liabilities relating to the transferred assets and businesses. The Share Exchange Agreement contained customary representations and warranties by the parties, including representations by us related to the transferred assets, assumed liabilities and the financial condition of the transferred businesses. We and DISH Network also agreed to customary indemnification provisions whereby each party indemnifies the other against certain losses with respect to breaches of representations, warranties or covenants and certain liabilities and if certain actions undertaken by us or DISH causes the transaction to be taxable to the other party after closing. Share Exchange Employee Matters Agreement . Effective March 2017, in connection with the Share Exchange, we and DISH Network entered into an employee matters agreement that addressed the transfer of employees from us to DISH Network, including certain benefit and compensation matters and the allocation of responsibility for employee related liabilities relating to current and past employees of the transferred businesses. DISH Network assumed employee-related liabilities relating to the transferred businesses as part of the Share Exchange, except that we are responsible for certain pre-Share Exchange employee related litigation, and compensation and benefits for employees who transferred to DISH Network in connection with the Share Exchange. TerreStar Solutions DISH Network owns more than 15% of TerreStar Solutions, Inc. (“TSI”). In May 2018, we and TSI entered into an equipment and services agreement pursuant to which we design, manufacture and install upgraded ground communications network equipment for TSI’s network and provide, among other things, warranty and support services. We recognized revenue of $1.9 million, $4.4 million and $12.5 million for the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2020, we had $0.4 million of trade accounts receivable from TSI. Global IP In May 2017, we entered into an agreement with Global-IP Cayman (“Global IP”) providing for the sale of certain equipment and services to Global IP. Mr. William David Wade, a member of our board of directors, served as a member of the board of directors of Global IP and as an executive advisor to the Chief Executive Officer of Global IP from September 2017 until April 2019 and from September 2017 until December 2019, respectively. In August 2018, we and Global IP amended the agreement to: (i) change certain of the equipment and services to be provided to Global IP, (ii) modify certain payment terms, (iii) provide Global IP an option to use one of our test lab facilities and (iv) effectuate the assignment of the agreement from Global IP to one of its wholly-owned subsidiaries. In February 2019, we terminated the agreement as a result of Global IP’s defaults resulting from its failure to make payments to us as required under the terms of the agreement and we reserved our rights and remedies against Global IP under the agreement. We have not recognized any revenue since the termination of this agreement. As of December 31, 2021 and 2020, we were owed $7.5 million from Global IP. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments The following table summarizes our contractual obligations as of December 31, 2021: Payments Due in the Years Ending December 31, Total (6)(7) 2022 2023 2024 2025 2026 Thereafter Long-term debt (1) $ 1,500,000 $ — $ — $ — $ — $ 1,500,000 $ — Interest on long-term debt (2) 445,315 89,063 89,063 89,063 89,063 89,063 — Satellite-related commitments (3) 342,173 140,843 24,847 22,705 23,121 21,652 109,005 Operating lease obligations (4) 202,345 24,014 23,479 20,278 16,428 15,564 102,582 Finance lease obligations (5) 130 130 — — — — — Total $ 2,489,963 $ 254,050 $ 137,389 $ 132,046 $ 128,612 $ 1,626,279 $ 211,587 (1) Assumes all long-term debt is outstanding until scheduled maturity. (2) Includes interest on long-term debt. (3) Includes payments pursuant to: i) agreements for the construction of the EchoStar XXIV satellite, ii) the EchoStar XXIV launch contract, iii) regulatory authorizations, non-lease costs associated with our finance lease satellites, in-orbit incentives relating to certain satellites and commitments for satellite service arrangements. (4) Operating leases consist primarily of leases for office space, data centers and satellite-related ground infrastructure. (5) Finance leases consist primarily of leases for satellite capacity. (6) The table excludes amounts related to deferred tax liabilities, unrecognized tax positions and certain other amounts recorded in our non-current liabilities as the timing of any payments is uncertain. (7) The table excludes long-term deferred revenue and other long-term liabilities that do not require future cash payments. In certain circumstances, the dates on which we are obligated to pay our contractual obligations could change. Certain Arrangements with DISH Network In connection with our spin-off from DISH in 2008, we entered into a separation agreement with DISH Network that provides, among other things, for the division of certain liabilities, including liabilities resulting from litigation. Under the terms of the separation agreement, we assumed certain liabilities that relate to our business, including certain designated liabilities for acts or omissions that occurred prior to the Spin-off. Certain specific provisions govern intellectual property related claims under which we will generally only be liable for our acts or omissions following the Spin-off and DISH Network will indemnify us for any liabilities or damages resulting from intellectual property claims relating to the period prior to the Spin-off as well as DISH Network’s acts or omissions following the Spin-off. In connection with the Share Exchange and BSS Transaction, we entered into the Share Exchange Agreement and the Master Transaction Agreement, respectively, and other agreements which provide, among other things, for the division of certain liabilities, including liabilities relating to taxes, intellectual property and employees and liabilities resulting from litigation and the assumption of certain liabilities that relate to the transferred businesses and assets. These agreements also contain additional indemnification provisions between us and DISH Network for, in the case of the Share Exchange, certain pre-existing liabilities and legal proceedings and, in the case of the BSS Transaction, certain losses with respect to breaches of certain representations and covenants and certain liabilities. Litigation We are involved in a number of legal proceedings concerning matters arising in connection with the conduct of our business activities. Many of these proceedings are at preliminary stages and/or 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 and to determine if accruals are appropriate. We record an accrual for litigation and other loss contingencies when we determine that a loss is probable, and the amount of the loss can be reasonably estimated. If accruals are not appropriate, we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of loss can be made. There can be no assurance that legal proceedings against us will be resolved in amounts that will not differ from the amounts of our recorded accruals. Legal fees and other costs of defending legal proceedings are charged to expense as incurred. For certain proceedings, management is unable to predict with any degree of certainty the outcome or 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 or specified; (iii) damages are unsupported, indeterminate and/or exaggerated in management’s opinion; (iv) there is uncertainty as to the outcome of pending trials, appeals, motions or other proceedings; (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 are involved (as with many patent-related cases). Except as described below, however, management does not believe, based on currently available information, that the outcomes of these proceedings will have a material effect on our financial condition, operating results or cash flows, though there is no assurance that the resolution and outcomes of these proceedings, individually or in the aggregate, will not be material to our financial condition, operating results or cash flows for any particular period, depending, in part, upon the operating results for such period. Elbit On January 23, 2015, Elbit Systems Land and C4I LTD and Elbit Systems of America Ltd. (together referred to as “Elbit”) filed a complaint against our subsidiary Hughes Network Systems, L.L.C. (“HNS”), as well as against Black Elk Energy Offshore Operations, LLC, Bluetide Communications, Inc. and Helm Hotels Group, in the U.S. District Court for the Eastern District of Texas, alleging infringement of U.S. Patent Nos. 6,240,073 (the “073 patent”) and 7,245,874 (“874 patent”). In December 2019, we entered into a comprehensive settlement agreement with Elbit pursuant to which we paid a total of $33.0 million in satisfaction of all amounts relating to these matters and all open proceedings, including appeals, were dismissed with prejudice. License Fee Dispute with Government of India, Department of Telecommunications In 1994, the Government of India promulgated a “National Telecommunications Policy” under which the government liberalized the telecommunications sector and required telecommunications service providers to pay fixed license fees. Pursuant to this policy, our subsidiary Hughes Communications India Private Limited (“HCIPL”), formerly known as Hughes Escorts Communications Limited, obtained a license to operate a data network over satellite using VSAT systems. In 2002, HCIPL’s license was amended pursuant to a new government policy that was first established in 1999. The new policy eliminated the fixed license fees and instead required each telecommunications service provider to pay license fees based on its adjusted gross revenue (“AGR”). In March 2005, the Indian Department of Telecommunications (“DOT”) notified HCIPL that, based on its review of HCIPL’s audited accounts and AGR statements, HCIPL must pay additional license fees and penalties and interest on such fees and penalties. HCIPL responded that the DOT had improperly calculated its AGR by including revenue from licensed and unlicensed activities. The DOT rejected this explanation and in 2006, HCIPL filed a petition with an administrative tribunal (the “Tribunal”), challenging the DOT’s calculation of its AGR. The DOT also issued license fee assessments to other telecommunications service providers and a number of similar petitions were filed by several other such providers with the Tribunal. These petitions were amended, consolidated, remanded and re-appealed several times. On April 23, 2015, the Tribunal issued a judgment affirming the DOT’s calculation of AGR for the telecommunications service providers but reversing the DOT’s imposition of interest, penalties and interest on such penalties as excessive. Over subsequent years, the DOT and HCIPL and other telecommunications service providers, respectively, filed several appeals of the Tribunal’s ruling. On October 24, 2019, the Supreme Court of India (“Supreme Court”) issued an order (the “October 2019 Order”) affirming the license fee assessments imposed by the DOT, including its imposition of interest, penalties and interest on the penalties, but without indicating the amount HCIPL is required to pay the DOT, and ordering payment by January 23, 2020. On November 23, 2019, HCIPL and other telecommunication service providers filed a petition asking the Supreme Court to reconsider the October 2019 Order. The petition was denied on January 20, 2020. On January 22, 2020, HCIPL and other telecommunication service providers filed an application requesting that the Supreme Court modify the October 2019 Order to permit the DOT to calculate the final amount due and extend HCIPL’s and the other telecommunication service providers’ payment deadline. On February 14, 2020, the Supreme Court directed HCIPL and the other telecommunication service providers to explain why the Supreme Court should not initiate contempt proceedings for failure to pay the amounts due. During a hearing on March 18, 2020, the Supreme Court ordered that all amounts that were due before the October 2019 Order must be paid, including interest, penalties and interest on the penalties. The Supreme Court also ordered that the parties appear for a further hearing addressing, potentially among other things, a proposal by the DOT to allow for extended or deferred payments of amounts due. On June 11, 2020, the Supreme Court ordered HCIPL and the other telecommunication service providers to submit affidavits addressing the proposal made by the DOT to extend the time frame for payment of the amounts owed and for HCIPL and the other telecommunication providers to provide security for such payments. On September 1, 2020, the Supreme Court issued a judgment permitting a 10-year payment schedule. Under this payment schedule, HCIPL is required to make an annual payment every March 31, through 2031. Following the Supreme Court of India’s October 2019 judgment, HCIPL made payments during the first quarter of 2020, and an additional payment on March 31, 2021. The following table presents the components of the accrual: As of December 31, 2021 2020 Additional license fees $ 3,812 $ 3,890 Penalties 3,912 3,992 Interest and interest on penalties 81,389 76,871 Less: Payments (8,451) (2,975) Total accrual $ 80,662 $ 81,778 Any eventual payments made with respect to the ultimate outcome of this matter may be different from our accrual and such differences could be significant. Other In addition to the above actions, we are subject to various other legal proceedings and claims, which arise in the ordinary course of business. As part of our ongoing operations, we are subject to various inspections, audits, inquiries, investigations and similar actions by third parties, as well as by governmental/regulatory authorities responsible for enforcing the laws and regulations to which we may be subject. Further, under the federal False Claims Act, private parties have the right to bring qui tam, or “whistleblower,” suits against companies that submit false claims for payments to, or improperly retain overpayments from, the federal government. Some states have adopted similar state whistleblower and false claims provisions. In addition, we from time to time receive inquiries from federal, state and foreign agencies regarding compliance with various laws and regulations. In our opinion, the amount of ultimate liability with respect to any of these other actions is unlikely to materially affect our financial position, results of operations or cash flows, though the resolutions and outcomes, individually or in the aggregate, could be material to our financial position, operating results or cash flows for any particular period, depending, in part, upon the operating results for such period. |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
SEGMENT REPORTING | SEGMENT REPORTING Business segments are components of an enterprise for which separate financial information is available and regularly evaluated by our chief operating decision maker (“CODM”), who is our Chief Executive Officer. We operate in two business segments, Hughes segment and ESS segment. The primary measure of segment profitability that is reported regularly to our CODM is earnings before interest, taxes, depreciation and amortization, and net income (loss) attributable to non-controlling interests (“EBITDA”). Total assets by segment have not been reported herein because the information is not provided to our CODM on a regular basis. The following table presents total revenue, capital expenditures and EBITDA for each of our business segments: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 External revenue $ 1,956,226 $ 17,295 $ 12,199 $ 1,985,720 Intersegment revenue — 384 (384) — Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 Capital expenditures $ 296,303 $ — $ 142,127 $ 438,430 EBITDA $ 781,824 $ 9,185 $ (88,468) $ 702,541 For the year ended December 31, 2020 External revenue $ 1,860,834 $ 16,237 $ 10,836 $ 1,887,907 Intersegment revenue — 1,161 (1,161) — Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 Capital expenditures $ 355,197 $ 41 $ 53,560 $ 408,798 EBITDA $ 727,608 $ 7,873 $ (118,606) $ 616,875 For the year ended December 31, 2019 External revenue $ 1,852,742 $ 15,131 $ 18,208 $ 1,886,081 Intersegment revenue — 1,126 (1,126) — Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 Capital expenditures $ 308,781 $ — $ 109,293 $ 418,074 EBITDA $ 625,660 $ 6,994 $ (55,055) $ 577,599 The following table reconciles Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations to EBITDA: For the years ended December 31, 2021 2020 2019 Income (loss) from continuing operations before income taxes $ 128,347 $ (27,835) $ (93,165) Interest income, net (22,801) (39,982) (82,352) Interest expense, net of amounts capitalized 95,512 147,927 251,016 Depreciation and amortization 491,329 525,011 490,765 Net loss (income) attributable to non-controlling interests 10,154 11,754 11,335 EBITDA $ 702,541 $ 616,875 $ 577,599 Geographic Information The following table summarizes total long-lived assets attributed to the North America, South and Central America and other foreign locations: As of December 31, 2021 2020 Long-lived assets: North America $ 2,959,316 $ 2,954,421 South and Central America 267,429 311,063 Other 106,376 133,621 Total long-lived assets $ 3,333,121 $ 3,399,105 |
Supplemental Financial Informat
Supplemental Financial Information | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
SUPPLEMENTAL FINANCIAL INFORMATION | SUPPLEMENTAL FINANCIAL INFORMATION Research and Development The following table presents the research and development costs incurred in connection with customers’ orders: For the years ended December 31, 2021 2020 2019 Cost of sales - equipment $ 29,636 $ 19,788 $ 24,495 Research and development expenses $ 31,777 $ 29,448 $ 25,739 Advertising Costs We incurred advertising expense of $82.4 million, $65.1 million and $88.2 million for the years ended December 31, 2021, 2020 and 2019, respectively. Cash and Cash Equivalents and Restricted Cash The following table reconciles cash and cash equivalents and restricted cash, as presented in the Consolidated Balance Sheets to the total of the same as presented in the Consolidated Statements of Cash Flows: For the years ended December 31, 2021 2020 2019 Cash and cash equivalents, including restricted amounts, beginning of period: Cash and cash equivalents $ 896,005 $ 1,519,431 $ 928,306 Restricted cash 807 2,458 1,189 Total cash and cash equivalents, included restricted amounts, beginning of period $ 896,812 $ 1,521,889 $ 929,495 Cash and cash equivalents, including restricted amounts, end of period: Cash and cash equivalents $ 535,894 $ 896,005 $ 1,519,431 Restricted cash 980 807 2,458 Total cash and cash equivalents, included restricted amounts, end of period $ 536,874 $ 896,812 $ 1,521,889 Other Current Assets, Net and Other Non-current Assets, Net The following table presents the components of Other current assets, net and Other non-current assets, net : As of December 31, 2021 2020 Other current assets, net: Trade accounts receivable - DISH Network $ 4,244 $ 5,612 Inventory 103,084 97,992 Prepaids and deposits 57,287 55,381 Other receivables - DISH Network 12,705 — Other, net 21,124 30,836 Total other current assets $ 198,444 $ 189,821 Other non-current assets, net: Other receivables - DISH Network $ 77,920 $ 92,680 Restricted marketable investment securities 13,262 9,090 Restricted cash 980 807 Deferred tax assets, net 5,417 1,781 Capitalized software, net 124,701 116,661 Contract acquisition costs, net 82,986 99,837 Contract fulfillment costs, net 1,721 2,580 Other, net 31,254 29,485 Total other non-current assets, net $ 338,241 $ 352,921 The following table presents the activity in our allowance for doubtful accounts, which is included within Other, net in each of Other current assets, net and Other non-current assets, net in the table above: For the years ended December 31, 2021 2020 Other current assets, net Other non-current assets, net Other current assets, net Other non-current assets, net Balance at beginning of period $ 1,747 $ 12,869 $ — $ — Credit losses (1) — 3,328 1,595 13,378 Foreign currency translation (1,747) 1,159 152 (509) Deductions — (647) — — Balance at end of period $ — $ 16,709 $ 1,747 $ 12,869 1) The impact of adopting ASC 326 on January 1, 2020 was a net increase to our allowance for doubtful accounts largely driven by a $13.4 million reclassification from Trade accounts receivables and contracts assets, net . Accrued Expenses and Other Current Liabilities and Other Non-Current Liabilities The following table presents the components of Accrued expenses and other current liabilities and Other non-current liabilities: As of December 31, 2021 2020 Accrued expenses and other current liabilities: Trade accounts payable - DISH Network $ 503 $ 752 Accrued interest 39,395 42,388 Accrued compensation 63,935 62,299 Accrued taxes 11,738 20,297 Operating lease obligation 16,781 14,699 Accrual for license fee dispute 11,178 81,778 Other 65,912 77,786 Total accrued expenses and other current liabilities $ 209,442 $ 299,999 Other non-current liabilities: Accrual for license fee dispute $ 69,484 $ — Other 66,942 70,893 Total other non-current liabilities $ 136,426 $ 70,893 Inventory The following table presents the components of inventory: As of December 31, 2021 2020 Raw materials $ 13,778 $ 4,564 Work-in-process 11,705 8,280 Finished goods 77,601 85,148 Total inventory $ 103,084 $ 97,992 Capitalized Software Costs The following tables present the activity related to our capitalized software cost: As of December 31, 2021 2020 Net carrying amount of externally marketed software $ 124,701 $ 116,661 Externally marketed software under development and not yet placed into service $ 57,357 $ 72,047 For the years ended December 31, 2021 2020 2019 Capitalized costs related to development of externally marketed software $ 33,543 $ 38,655 $ 29,310 Amortization expense relating to externally marketed software $ 25,288 $ 23,780 $ 24,284 Weighted-average useful life (in years) 4 Supplemental and Non-cash Investing and Financing Activities The following table presents the supplemental and non-cash investing and financing activities: For the years ended December 31, 2021 2020 2019 Supplemental disclosure of cash flow information: Cash paid for interest, net of amounts capitalized $ 87,901 $ 139,280 $ 195,331 Cash paid for income taxes $ 29,420 $ 15,254 $ 3,575 Non-cash investing and financing activities: Employee benefits paid in Class A common stock $ 7,125 $ 6,921 $ 6,654 Increase (decrease) in capital expenditures included in accounts payable, net $ 381 $ (6,935) $ (11,111) Non-cash assets exchanged for BSS Transaction $ — $ — $ 532,855 Non-cash net assets received in exchange for a 20% ownership interest in our existing Brazilian subsidiary $ — $ — $ 94,918 |
Subsequent Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | SUBSEQUENT EVENTIn May 2019, we entered into an agreement with Bharti Airtel Limited (“BAL”) and its subsidiary, Bharti Airtel Services Limited (together with BAL, “Bharti”), pursuant to which Bharti will contribute its very small aperture terminal (“VSAT”) telecommunications services and hardware business in India to our two existing Indian subsidiaries that conduct our VSAT services and hardware business. On January 4, 2022, the formation of this joint venture was announced, with Bharti obtaining a 33% ownership interest in the combined business. The joint venture combines the VSAT businesses of both companies to offer flexible and scalable enterprise networking solutions using satellite connectivity for primary transport, back-up and hybrid implementation. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation and Basis of Presentation These Consolidated Financial Statements and the accompanying notes are prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”). We consolidate all entities in which we have a controlling financial interest. We are deemed to have a controlling financial interest in variable interest entities in which we are the primary beneficiary and in other entities in which we own more than 50% of the outstanding voting shares and other shareholders do not have substantive rights to participate in management. For entities we control but do not wholly own, we record a non-controlling interest within stockholders’ equity for the portion of the entity’s equity attributed to the non-controlling ownership interests. All significant intercompany balances and transactions have been eliminated in consolidation. All amounts presented in these Consolidated Financial Statements are expressed in thousands of U.S. dollars, except share and per share amounts and unless otherwise noted. |
Basis of Presentation | Principles of Consolidation and Basis of Presentation These Consolidated Financial Statements and the accompanying notes are prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”). We consolidate all entities in which we have a controlling financial interest. We are deemed to have a controlling financial interest in variable interest entities in which we are the primary beneficiary and in other entities in which we own more than 50% of the outstanding voting shares and other shareholders do not have substantive rights to participate in management. For entities we control but do not wholly own, we record a non-controlling interest within stockholders’ equity for the portion of the entity’s equity attributed to the non-controlling ownership interests. All significant intercompany balances and transactions have been eliminated in consolidation. All amounts presented in these Consolidated Financial Statements are expressed in thousands of U.S. dollars, except share and per share amounts and unless otherwise noted. |
Reclassification | Reclassification Certain prior period amounts have been reclassified to conform with the current period presentation. |
Use of Estimates | Use of Estimates We are required to make certain estimates and assumptions that affect the amounts reported in these Consolidated Financial Statements. The most significant estimates and assumptions are used in determining: (i) inputs used to recognize revenue over time, including amortization periods for deferred contract acquisition costs; (ii) allowances for doubtful accounts; (iii) deferred taxes and related valuation allowances, including uncertain tax positions; (iv) loss contingencies; (v) fair value of financial instruments; (vi) fair value of assets and liabilities acquired in business combinations; and (vii) asset impairment testing. |
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 utilize the highest level of inputs available according to 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, 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 characteristics of the asset or liability that would be considered by market participants in a transaction to purchase or sell the asset or liability. 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. Fair values for our outstanding debt are based on quoted market prices in less active markets and are categorized as Level 2 measurements. 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. There were no transfers between levels during the years ended December 31, 2021 and 2020. |
Revenue Recognition | Revenue Recognition Overview Revenue is recognized upon transfer of control of the promised goods or our performance of the services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts that may include various combinations of products and services, which are generally distinct and accounted for as separate performance obligations. We also recognize lease revenue which is derived from leases of property and equipment which, for operating leases, is reported in Services and other revenue in the Consolidated Statements of Operations and, for sales-type leases, is reported in Equipment revenue Hughes Segment Our Hughes segment service contracts typically obligate us to provide substantially the same services on a recurring basis in exchange for fixed recurring fees over the term of the contract. We satisfy such performance obligations over time and recognize revenue ratably as services are rendered over the service period. Certain of our contracts with service obligations provide for fees based on usage, capacity or volume. We satisfy these performance obligations and recognize the related revenue at the point in time, or over the period, when the services are rendered. Our Hughes segment also sells and leases communications equipment to its customers. Revenue from equipment sales generally is recognized based upon shipment terms. Our equipment sales contracts typically include standard product warranties, but generally do not provide for returns or refunds. Revenue for extended warranties is recognized ratably over the extended warranty period. For contracts with multiple performance obligations, we typically allocate the contract’s transaction price to each performance obligation based on their relative standalone selling prices. When the standalone selling price is not observable, our primary method used to estimate standalone selling price is the expected cost plus a margin. Our contracts generally require customer payments to be made at or shortly after the time we transfer control of goods or perform the services. Lease Revenue We lease satellite capacity, communications equipment and real estate to certain of our customers. We identify and determine the classification of such leases as operating leases or sales-type leases. A lease is classified as a sales-type lease if it meets the criteria for a finance lease; otherwise it is classified as an operating lease. Some of our leases are embedded in contracts with customers that include non-lease performance obligations. For such contracts, except where we have elected otherwise, we allocate consideration in the contract between lease and non-lease components based on their relative standalone selling prices. We elected an accounting policy to not separate the lease of equipment from related services in our HughesNet satellite internet service (the “HughesNet service”) contracts with customers and account for all revenue from such contracts as non-lease service revenue. Assets subject to operating leases remain in Property and equipment, net and continue to be depreciated. Assets subject to sales-type leases are derecognized from Property and equipment, net at lease commencement and a net investment in the lease asset is recognized in Trade accounts receivable and contract assets, net and Other non-current assets, net . Operating lease revenue is generally recognized on a straight-line basis over the lease term. Sales-type lease revenue and a corresponding receivable generally are recognized at lease commencement based on the present value of the future lease payments and related interest income on the receivable is recognized over the lease term. Payments under sales-type leases are discounted using the interest rate implicit in the lease or our incremental borrowing rate if the interest rate implicit in the lease cannot be reasonably determined. We report revenue from sales-type leases at the commencement date in Equipment revenue and periodic interest income in Services and other revenue. We report operating lease revenue in Services and other revenue Other Sales and Value Added Taxes, Universal Service Fees and other taxes that we collect concurrent with revenue producing activities are excluded from revenue and included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets. Shipping and handling costs associated with outbound freight are accounted for as a fulfillment cost after control over a product has transferred to the customer and are included in Cost of sales - equipment Trade Accounts Receivable Trade accounts receivable includes amounts billed and currently due from customers and represents our unconditional rights to consideration arising from our performance under our customer contracts. Trade accounts receivable also includes amounts due from customers under our leasing arrangements. We make ongoing estimates relating to the collectability of our trade accounts receivable and maintain an allowance for estimated losses resulting from the inability of our customers to make the required payments. In determining the amount of the allowance, we consider historical levels of credit losses and make judgments about the creditworthiness of our customers based on ongoing credit evaluations. Past due trade accounts receivable balances are written off when our internal collection efforts have been unsuccessful. Bad debt expense related to our trade accounts receivable and other contract assets is included in Selling, general and administrative expenses in the Consolidated Statements of Operations. Contract assets represent revenue that we have recognized in advance of billing the customer and are included in Trade accounts receivable and contract assets, net or Other non-current assets, net Contract Acquisition Costs Our contract acquisition costs represent incremental direct costs of obtaining a contract and consist primarily of sales incentives paid to employees and third-party representatives. When we determine that our contract acquisition costs are recoverable, we defer and amortize the costs over the contract term, or over the estimated life of the customer relationship if anticipated renewals are expected and the incentives payable upon renewal are not commensurate with the initial incentive. We amortize contract acquisition costs in proportion to the revenue to which the costs relate. We expense sales incentives as incurred if the expected amortization period is one year or less. Unamortized contract acquisition costs are included in Other non-current assets, net in the Consolidated Balance Sheets and related amortization expense is included in Selling, general and administrative expenses in the Consolidated Statements of Operations. Contract liabilities consist of advance payments and billings in excess of revenue recognized under customer contracts and are included in Contract liabilities or Other non-current liabilities |
Cost of Sales | Cost of Sales - Services and Other Cost of Sales - Equipment Cost of sales - equipment in the Consolidated Statements of Operations primarily consists of inventory costs, including freight and royalties, and is generally recognized at the point in time control of the equipment is passed to the customer and related revenue is recognized. Additionally, customer-related research and development costs are incurred in connection with the specific requirements of a customer’s order; in such instances, the amounts for these customer funded development efforts are also included in Cost of sales - equipment |
Stock-based Compensation Expense | Stock-based Compensation Expense Stock-based compensation expense is recognized based on the fair value of stock awards ultimately expected to vest. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense for awards with service conditions only is recognized on a straight-line basis over the requisite service period for the entire award. Compensation expense for awards subject to performance conditions is recognized only when satisfaction of the performance condition is probable. |
Advertising Costs | Advertising Costs Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses |
Research and Development | Research and DevelopmentResearch and development costs, not incurred in connection with customer requirements, are generally expensed when incurred. |
Debt Issuance Costs | Debt Issuance Costs Costs of issuing debt generally are deferred and amortized utilizing the effective interest method, with amortization included in Interest expense, net of amounts capitalized in the Consolidated Statements of Operations. We report unamortized debt issuance costs as a reduction of the related long-term debt in the Consolidated Balance Sheets. |
Foreign Currency | Foreign Currency The functional currency for certain of our foreign operations is determined to be the local currency. Accordingly, we translate assets and liabilities of these foreign entities from their local currencies to U.S. dollars using period-end exchange rates and translate income and expense accounts at monthly average rates. The resulting translation adjustments are reported as Foreign currency translation adjustments in the Consolidated Statements of Comprehensive Income (Loss). Except in certain uncommon circumstances, we have not recorded deferred income taxes related to our foreign currency translation adjustments. Gains and losses resulting from the re-measurement of transactions denominated in foreign currencies are recognized in Foreign currency transaction gains (losses), net in the Consolidated Statements of Operations. |
Income Taxes | Income Taxes We recognize a provision or benefit for income taxes currently payable or receivable and for income tax amounts deferred to future periods. Deferred tax assets and liabilities reflect the effects of tax losses, credits, and the future income tax effects of temporary differences between U.S. GAAP carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are offset by valuation allowances when we determine it is more likely than not that such deferred tax assets will not be realized in the foreseeable future. We determine deferred tax assets and liabilities separately for each taxing jurisdiction and report the net amount for each jurisdiction as a non-current asset or liability in the Consolidated Balance Sheets. |
Lessee Accounting | Lessee Accounting At the inception of a contract, we assess whether the contract is, or contains, a lease. The assessment is based on (i) whether the contract involves the use of a distinct identified asset, (ii) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (iii) whether we have the right to direct the use of the asset. Our operating leases consist primarily of leases for office space, data centers and satellite-related ground infrastructure. A lease is classified as a finance lease when one or more of the following criteria are met: (i) the lease transfers ownership of the asset by the end of the lease term, (ii) the lease contains an option to purchase the asset that is reasonably certain to be exercised, (iii) the lease term is for a major part of the remaining useful life of the asset, (iv) the present value of the lease payments equals or exceeds substantially all of the fair value of the asset or (v) the asset is of a specialized nature and there is not expected to be an alternative use to the lessor at the end of the lease term. A lease is classified as an operating lease if it does not meet any of these criteria. Our finance leases consist primarily of leases for satellite capacity. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short-term leases), and we recognize lease expense for these leases as incurred over the lease term. ROU assets represent our right to use an underlying asset during the reasonably certain lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. The ROU asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any prepayments to the lessor and initial direct costs such as brokerage commissions, less any lease incentives received. The lease liability is initially measured at the present value of the minimum lease payments, discounted using an estimate of our incremental borrowing rate for a collateralized loan with the same term as the underlying lease. The incremental borrowing rates used for the initial measurement of lease liabilities are based on the original lease terms. In determining our incremental borrowing rate, we consider the lease term, secured incremental borrowing rate, and for leases denominated in a currency different than U.S. dollar, the collateralized borrowing rate in the foreign currency using the U.S. dollar and foreign currency swap spread, when available. We report operating lease ROU assets in Operating lease right-of-use assets and operating lease liabilities in Accrued expenses and other current liabilities and Operating lease liabilities . We report finance lease ROU assets in Property and equipment, net and finance lease liabilities in Current portion of long-term debt, net and Long-term debt, net |
Earnings Per Share | Earnings Per Share We present basic and diluted earnings or losses per share (“EPS”) for our Class A and Class B common stock. Basic EPS for our Class A and Class B common stock excludes potential dilution and is computed by dividing Net income (loss) attributable to EchoStar Corporation common stock by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if shares of common stock were issued pursuant to our stock-based compensation awards. The potential dilution from common stock awards is computed using the treasury stock method based on the average market value of our Class A common stock during the period. The calculation of our diluted weighted-average common shares outstanding excluded options to purchase shares of our Class A common stock, the effect of which would be anti-dilutive. |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The amounts reclassified to net income (loss) related to unrealized gain (loss) on available-for-sale securities in are included in Gains (losses) on investments, net |
Cash and Cash Equivalents | Cash and Cash Equivalents |
Marketable Investment Securities | Marketable Investment Securities Debt Securities Our corporate bond portfolio includes debt instruments issued by individual corporations, primarily in the industrial and financial services industries. Our commercial paper portfolio includes instruments issued by individual corporations, primarily in the industrial, financial services and utilities industries. Our other debt securities portfolio includes investments in various debt instruments, including U.S. government bonds and mutual funds. We consider all liquid investments purchased with an original maturity of 90 days or less to be cash equivalents. We account for our debt securities as available-for-sale or using the fair value option based on our investment strategy for the securities. For available-for-sale debt securities, we recognize periodic changes in the difference between fair value and amortized cost in Unrealized gains (losses) on available-for-sale securities in the Consolidated Statements of Comprehensive Income (Loss). Gains and losses realized upon sales of available-for-sale debt securities are reclassified from other comprehensive income (loss) and recognized on the trade date in Gains (losses) on investments, net in the Consolidated Statements of Operations. We use the first-in, first-out (“FIFO”) method to determine the cost basis on sales of available-for-sale debt securities. Interest income from available-for-sale debt securities is reported in Interest income, net in the Consolidated Statements of Operations. We periodically evaluate our available-for-sale debt securities portfolio to determine whether any declines in the fair value of these securities are other-than-temporary. Our evaluation considers, among other things, (i) the length of time and extent to which the fair value of such security has been lower than amortized cost, (ii) market and company-specific factors related to the security and (iii) our intent and ability to hold the investment to maturity or when it recovers its value. We generally consider a decline to be other-than-temporary when (i) we intend to sell the security, (ii) it is more likely than not that we will be required to sell the security before maturity or when it recovers its value or (iii) we do not expect to recover the amortized cost of the security at maturity. Declines in the fair value of available-for-sale debt securities that are determined to be other-than-temporary are reclassified from other comprehensive income (loss) and recognized in Net income (loss) in the Consolidated Statements of Operations, thus establishing a new cost basis for the investment. From time to time we make strategic investments in marketable corporate debt securities. Generally, we elect to account for these debt securities using the fair value option because it results in consistency in accounting for unrealized gains and losses for all securities in our portfolio of strategic investments. When we elect the fair value option for investments in debt securities, we recognize periodic changes in fair value of these securities in Gains (losses) on investments, net in the Consolidated Statements of Operations. Interest income from these securities is reported in Interest income, net We account for our equity securities with readily determinable fair values at fair value and recognize periodic changes in the fair value in Gains (losses) on investments, net in the Consolidated Statements of Operations. We recognize dividend income on equity securities on the ex-dividend date and report such income in Other, net Restricted marketable investment securities that are pledged as collateral for our letters of credit and surety bonds are included in Other non-current assets, net |
Inventory | Inventory Inventory is stated at the lower of cost or net realizable value. Cost of inventory is determined using the FIFO method and consists primarily of materials, direct labor and indirect overhead incurred in the procurement and manufacturing of our products. We use standard costing methodologies in determining the cost of certain of our finished goods and work-in-process inventories. We determine net realizable value using our best estimates of future use or recovery, considering the aging and composition of inventory balances, the effects of technological and/or design changes, forecasted future product demand based on firm or near-firm customer orders and alternative means of disposition of excess or obsolete items. We recognize losses within Cost of sales - equipment |
Property and Equipment | Property and Equipment Satellites Satellites are stated at cost, less accumulated depreciation. Depreciation is recorded on a straight-line basis over their estimated useful lives. The cost of our satellites includes construction costs, including the present value of in-orbit incentives payable to the satellite manufacturer, launch costs, capitalized interest and related insurance premiums. We depreciate our owned satellites on a straight-line basis over the estimated useful life of each satellite. We have satellites acquired under finance leases. The recorded costs of those satellites are the present values of all lease payments. We amortize our finance lease ROU satellites over their respective lease terms. Our satellites may experience anomalies from time to time, some of which may have a significant adverse effect on their remaining useful lives, the commercial operation of the satellites or our operating results or financial position. We evaluate our satellites for impairment and test for recoverability whenever events or changes in circumstances indicate that their carrying value may not be recoverable. Certain anomalies may be considered a significant adverse change in the physical condition of a particular satellite. However, based on redundancies designed within each satellite, certain of these anomalies may not be considered to be significant events requiring a test of recoverability. Other Property and Equipment |
Goodwill | Goodwill We test goodwill for impairment annually in our second fiscal quarter, or more frequently if indicators of impairment may exist. All of our goodwill is assigned to our Hughes segment, as it was generated through the acquisition of Hughes Communications, Inc. (“Hughes Communications”) and its subsidiaries in 2011 (the “Hughes Acquisition”), and the agreement with Al Yah Satellite Communications Company PrJSC (“Yahsat”) pursuant to which, in November 2019, Yahsat contributed its satellite communications services business in Brazil to one of our Brazilian subsidiaries in exchange for a 20% equity ownership interest in that subsidiary (the “Yahsat Brazil JV Transaction”). |
Regulatory Authorizations and Other Intangible Assets | Regulatory Authorizations Finite Lived We have regulatory authorizations that are not related to the Federal Communications Commission (“FCC”) and have determined that they have finite lives due to uncertainties about the ability to extend or renew their terms. Finite lived regulatory authorizations are amortized over their estimated useful lives on a straight-line basis. Renewal costs are usually capitalized when they are incurred. Indefinite Lived We also have indefinite lived regulatory authorizations that primarily consist of FCC authorizations and certain other contractual or regulatory rights to use spectrum at specified orbital locations. We have determined that our FCC authorizations generally have indefinite useful lives based on the following: • FCC authorizations are non-depleting assets; • Renewal satellite applications generally are authorized by the FCC subject to certain conditions, without substantial cost under a stable regulatory, legislative and legal environment; • Expenditures required to maintain the authorization are not significant; and • We intend to use these authorizations indefinitely. Other Intangible Assets |
Impairment of Long-lived Assets | Impairment of Long-lived Assets We review our long-lived assets for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The evaluation is performed at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For assets held and used in operations, the asset is not recoverable if the carrying amount of the asset exceeds its undiscounted estimated future net cash flows. When an asset is not recoverable, we adjust the carrying amount of such asset to its estimated fair value and recognize the impairment loss in Impairment of long-lived assets in the Consolidated Statements of Operations. |
Other Investments | Other InvestmentsEquity Method Investments We use the equity method to account for investments when we have the ability to exercise significant influence on the operating decisions of the affiliate. Such investments are initially recorded at cost and subsequently adjusted for our proportionate share of the net earnings or loss of the investee, which is reported in Equity in earnings (losses) of unconsolidated affiliates, net Other Equity Investments We generally measure investments in non-publicly traded equity instruments without a readily determinable fair value at cost adjusted for observable price changes in orderly transactions for the identical or similar securities of the same issuer and changes resulting from impairments, if any. Other equity instruments are measured to determine their value based on observable market information. When we adjust the carrying amount of an investment to its estimated fair value, the gain or loss is recorded in Gains (losses) on investments, net in the Consolidated Statements of Operations. Other Debt Investments We generally record our investments in non-publicly traded debt instruments without a readily determinable fair value at amortized cost. We recognize any discounts over the term of the loan in Interest income in the Consolidated Statements of Operations. In addition, some of our debt instruments have interest income that is paid-in-kind, which is added to the principal balance to determine the then current interest income. When we adjust the carrying amount of an investment, the gain or loss is recorded in Gains (losses) on investments, net in the Consolidated Statements of Operations. Impairment Considerations We periodically evaluate all of our other investments to determine whether events or changes in circumstances have occurred that may have a significant adverse effect on the fair value of the investment. We consider information if provided to us by our investees such as current financial statements, business plans, investment documentation, capitalization tables, liquidation waterfalls, and board materials; and we may make additional inquiries of investee management. Indicators of impairment may include, but are not limited to, unprofitable operations, material loss contingencies, changes in business strategy, changes in market trends or market conditions, changes in the investees’ enterprise value and changes in the investees’ investment pricing. When we determine that one of our other investments is impaired we reduce its carrying value to its estimated fair value and recognize the impairment loss in Other-than-temporary impairment losses on equity method investments or Gains (losses) on investments, net |
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted | Recently Adopted Accounting Pronouncements Income Taxes On January 1, 2021, we adopted Accounting Standards Update (“ASU”) No. 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”) . ASU 2019-12 is part of the Financial Accounting Standards Board (“FASB”) overall simplification initiative and seeks to simplify the accounting for income taxes by updating certain guidance and removing certain exceptions. Our adoption of this ASU did not have a material impact on our Consolidated Financial Statements. Credit Losses On January 1, 2020, we adopted ASU No. 2016-13 - Financial Instruments - Credit Losses (Topic 326) , as amended, and codified in Accounting Standards Codification Topic 326 (“ASC 326”). ASC 326 introduces a new approach to the periodic estimation of credit losses for certain financial assets based on expected losses instead of incurred losses. It also modifies the impairment model for available-for-sale debt securities and provides a simplified accounting model for purchased financial assets that have experienced credit deterioration since their original purchase. We have elected to apply the requirements of the new standard prospectively and we recognized a cumulative effect of adoption of $9.1 million to Accumulated earnings (losses) as of January 1, 2020. Based on this election, we did not restate our comparative Consolidated Financial Statements and they continue to be reported under the accounting standards in effect for the periods before January 1, 2020. The following describes the accounting impacts, by major balance sheet line item, of our adoption of this new standard based on the relevant types of losses that we and our equity method investees may be subject to: • Trade Accounts Receivable and Contract Assets, Net — Our trade accounts receivables and contract assets consist of amounts due from both our consumer and enterprise customers. Our receivables and related credit losses for our consumer customers are limited due to policies that require advance payment for services, predominant use of credit card and ACH payment processes, and our ability to promptly terminate service when timely payments are not received. However, for our enterprise customers, we estimate expected credit losses on a collective basis based on our historical loss experience, as adjusted to reflect changes in relevant factors, such as macroeconomic conditions and customer mix, that can significantly impact collectability. We apply our collective estimation processes separately to several pools of receivables that share common risk characteristics, generally based on the customers’ geographical location. Customers with significant past-due balances or other atypical characteristics are excluded from our collective analysis and evaluated on a case-by-case basis. Our estimates of expected credit losses for such receivables reflect significant judgments that consider customer-specific matters such as the customer’s financial condition, payment history, and recent developments in the customer’s business and industry. Due to the short-term nature of our trade receivables and contract assets, forecasts about the future have limited relevance to our expected credit loss estimates. We record our customer related estimated credit losses as a component of our bad debt expense as reported in Selling, general and administrative expenses. • Other Current Assets, Net, and Other Non-current Assets, Net — We estimate expected credit losses for receivables with payment terms longer than one year separately by borrower, due to the unique risk characteristics of such receivables. We generally use discounted cash flow techniques to estimate such credit losses. In applying such techniques, we may estimate principal and interest cash flows under probability-weighted scenarios that consider entity-specific matters and forecasted economic conditions. The majority of our other non-current receivables are from entities in the telecommunications industry. The collection of contractual principal and interest on these receivables is highly dependent on the future business operations of those entities. Our estimation of expected credit losses for such receivables requires significant judgment about matters specific to the borrower and their industry. Accordingly, our actual collection experience may differ from the assumptions reflected in our expected credit loss estimates. We record our estimated credit losses as a component of our bad debt expense as reported in Selling, general and administrative expenses. • Other Investments, Net — We estimate expected credit losses on our other debt investments with payment terms longer than one year separately by debtor, due to the unique risk characteristics of such debt investments. We generally use discounted cash flow techniques to estimate such credit losses. In applying such techniques, we may estimate principal and interest cash flows under probability-weighted scenarios that consider entity-specific matters and forecasted economic conditions. The majority of our other debt investments are with entities in the telecommunications industry. The collection of contractual principal and interest on these debt investments are highly dependent on the future business operations of those entities. Our estimation of expected credit losses for such debt investments require significant judgment about matters specific to the debtor and their industry. Accordingly, our actual collection experience may differ from the assumptions reflected in our expected credit loss estimates. We record our other debt investments related estimated credit losses as a reduction of Interest income, net. Recently Issued Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU No. 2020-04 - Reference Rate Reform (Topic 848), codified as ASC 848 (“ASC 848”). The purpose of ASC 848 is to provide optional guidance to ease the potential effects on financial reporting of the market-wide migration away from Interbank Offered Rates to alternative reference rates. ASC 848 applies only to contracts, hedging relationships, and other transactions that reference a reference rate expected to be discontinued because of reference rate reform. The guidance may be applied upon issuance of ASC 848 through December 31, 2022. We expect to utilize the optional expedients provided by the guidance for contracts amended solely to use an alternative reference rate. We have evaluated the impact of adopting this new guidance and do not expect it to have a material impact on our consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805) : Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which provides an exception to fair value measurement for contract assets and contract liabilities related to revenue contracts acquired in a business combination. The ASU requires an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. The ASU is effective for the Company for annual and interim periods in fiscal years beginning after December 15, 2023. Early adoption is permitted. The ASU is applied to business combinations occurring on or after the effective date. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832) : Disclosures by Business Entities about Government Assistance, which requires business entities (except for not-for-profit entities and employee benefit plans) to disclose information about certain government assistance they receive. The Topic 832 disclosure requirements include: (i) the nature of the transactions and the related accounting policy used; (ii) the line items on the balance sheet and income statement that are affected and the amounts applicable to each financial statement line item; and (iii) significant terms and conditions of the transactions. The ASU is effective for the Company for fiscal years beginning after December 15, 2021. We are evaluating the impact of adopting this new guidance and do not expect it to have a material impact on our consolidated financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table presents our adoption of this new standard resulting in adjustments to our Consolidated Balance Sheet effective January 1, 2020: Balance Adoption of ASC 326 Increase (Decrease) Balance January 1, 2020 Trade accounts receivable and contract assets, net $ 196,629 $ (13,672) $ 182,957 Other current assets, net $ 179,531 $ 6,723 $ 186,254 Other investments, net $ 325,405 $ (7,381) $ 318,024 Other non-current assets, net $ 334,841 $ 4,050 $ 338,891 Total assets $ 7,154,298 $ (10,280) $ 7,144,018 Deferred tax liabilities, net $ 351,692 $ (972) $ 350,720 Accumulated earnings (losses) $ 632,809 $ (9,068) $ 623,741 Non-controlling interests $ 75,748 $ (240) $ 75,508 Total stockholders’ equity $ 3,745,553 $ (9,308) $ 3,736,245 Total liabilities and stockholders’ equity $ 7,154,298 $ (10,280) $ 7,144,018 |
Schedule of Error Corrections and Prior Period Adjustments | Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2020 and for the quarters ended March 31, 2021 and June 30, 2021 to reflect this adjustment: For the year ended December 31, 2020 As Previously Reported Adjustment As Adjusted Comprehensive income (loss) $ (133,281) $ — $ (133,281) Less: Comprehensive income (loss) attributable to non-controlling interests 27,392 (54,784) (27,392) Comprehensive income (loss) attributable to EchoStar Corporation $ (160,673) $ 54,784 $ (105,889) For the three months ended March 31, 2021 As Previously Reported Adjustment As Adjusted Comprehensive income (loss) $ 44,362 $ — $ 44,362 Less: Comprehensive income (loss) attributable to non-controlling interests 6,557 (13,114) (6,557) Comprehensive income (loss) attributable to EchoStar Corporation $ 37,805 $ 13,114 $ 50,919 For the three months ended June 30, 2021 As Previously Reported Adjustment As Adjusted Comprehensive income (loss) $ 76,605 $ — $ 76,605 Less: Comprehensive income (loss) attributable to non-controlling interests (6,060) 12,120 6,060 Comprehensive income (loss) attributable to EchoStar Corporation $ 82,665 $ (12,120) $ 70,545 For the six months ended June 30, 2021 As Previously Reported Adjustment As Adjusted Comprehensive income (loss) $ 120,967 $ — $ 120,967 Less: Comprehensive income (loss) attributable to non-controlling interests 497 (994) (497) Comprehensive income (loss) attributable to EchoStar Corporation $ 120,470 $ 994 $ 121,464 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Contract with Customer, Asset and Liability | The following table presents the components of our contract balances: As of December 31, 2021 2020 Trade accounts receivable and contract assets, net: Sales and services $ 154,676 $ 149,513 Leasing 5,668 4,554 Total trade accounts receivable 160,344 154,067 Contract assets 36,307 45,308 Allowance for doubtful accounts (14,588) (15,386) Total trade accounts receivable and contract assets, net $ 182,063 $ 183,989 Contract liabilities: Current $ 141,343 $ 104,569 Non-current 10,669 10,519 Total contract liabilities $ 152,012 $ 115,088 The following table presents the revenue recognized in the Consolidated Statements of Operations that was previously included within contract liabilities: For the years ended December 31, 2021 2020 2019 Revenue $ 82,633 $ 72,877 $ 65,417 |
Schedule of Activity in Allowance for Doubtful Accounts | The following table presents the activity in our allowance for doubtful accounts: For the years ended December 31, 2021 2020 2019 Balance at beginning of period $ 15,386 $ 23,777 $ 16,604 Credit losses (1) 22,591 18,582 30,027 Deductions (23,543) (26,031) (21,832) Foreign currency translation 154 (942) (1,022) Balance at end of period $ 14,588 $ 15,386 $ 23,777 (1) The impact of adopting ASC 326 on January 1, 2020 was a net decrease to our allowance for doubtful accounts largely driven by a $13.4 million reclassification to Other current assets, net and Other non-current assets, net , offset by a $2.9 million adjustment to Accumulated earnings (losses) . The following table presents the activity in our allowance for doubtful accounts, which is included within Other, net in each of Other current assets, net and Other non-current assets, net in the table above: For the years ended December 31, 2021 2020 Other current assets, net Other non-current assets, net Other current assets, net Other non-current assets, net Balance at beginning of period $ 1,747 $ 12,869 $ — $ — Credit losses (1) — 3,328 1,595 13,378 Foreign currency translation (1,747) 1,159 152 (509) Deductions — (647) — — Balance at end of period $ — $ 16,709 $ 1,747 $ 12,869 1) The impact of adopting ASC 326 on January 1, 2020 was a net increase to our allowance for doubtful accounts largely driven by a $13.4 million reclassification from Trade accounts receivables and contracts assets, net |
Schedule of Activity in Contract Acquisition Costs | The following table presents the activity in our contract acquisition costs, net: For the years ended December 31, 2021 2020 2019 Balance at beginning of period $ 99,837 $ 113,592 $ 114,306 Additions 72,503 91,143 97,457 Amortization expense (88,178) (101,278) (97,650) Foreign currency translation (1,176) (3,620) (521) Balance at end of period $ 82,986 $ 99,837 $ 113,592 |
Schedule of Disaggregation of Revenue | The following tables present our revenue from customer contracts disaggregated by primary geographic market and by segment: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 North America $ 1,617,229 $ 17,679 $ 11,782 $ 1,646,690 South and Central America 176,515 — — 176,515 Other 162,482 — 33 162,515 Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 For the year ended December 31, 2020 North America $ 1,556,961 $ 17,398 $ 9,443 $ 1,583,802 South and Central America 151,194 — 232 151,426 Other 152,679 — — 152,679 Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 For the year ended December 31, 2019 North America $ 1,527,823 $ 16,257 $ 16,526 $ 1,560,606 South and Central America 125,458 — 448 125,906 Other 199,461 — 108 199,569 Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 The following tables present our revenue disaggregated by the nature of products and services and by segment: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 Services and other revenue: Services $ 1,646,778 $ 11,961 $ 5,691 $ 1,664,430 Lease revenue 39,021 5,718 6,118 50,857 Total services and other revenue 1,685,799 17,679 11,809 1,715,287 Equipment revenue: Equipment 108,767 — 6 108,773 Design, development and construction services 152,934 — — 152,934 Lease revenue 8,726 — — 8,726 Total equipment revenue 270,427 — 6 270,433 Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 For the year ended December 31, 2020 Services and other revenue: Services $ 1,614,730 $ 10,785 $ 4,631 $ 1,630,146 Lease revenue 40,503 6,613 5,042 52,158 Total services and other revenue 1,655,233 17,398 9,673 1,682,304 Equipment revenue: Equipment 110,108 — 2 110,110 Design, development and construction services 88,511 — — 88,511 Lease revenue 6,982 — — 6,982 Total equipment revenue 205,601 — 2 205,603 Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 For the year ended December 31, 2019 Services and other revenue: Services $ 1,535,966 $ 10,464 $ 6,493 $ 1,552,924 Lease revenue 50,073 5,793 10,481 66,347 Total services and other revenue 1,586,039 16,257 16,974 1,619,271 Equipment revenue: Equipment 115,052 — 107 115,159 Design, development and construction services 145,646 — — 145,646 Lease revenue 6,005 — — 6,005 Total equipment revenue 266,703 — 107 266,810 Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 |
Schedule of Operating Lease Revenue | The following table presents our lease revenue by type of lease: For the years ended December 31, 2021 2020 2019 Sales-type lease revenue: Revenue at lease commencement $ 7,998 $ 6,982 $ 6,005 Interest income 728 393 784 Total sales-type lease revenue 8,726 7,375 6,789 Operating lease revenue 50,857 51,765 65,563 Total lease revenue $ 59,583 $ 59,140 $ 72,352 |
Schedule of Sales-type Lease Revenue | The following table presents our lease revenue by type of lease: For the years ended December 31, 2021 2020 2019 Sales-type lease revenue: Revenue at lease commencement $ 7,998 $ 6,982 $ 6,005 Interest income 728 393 784 Total sales-type lease revenue 8,726 7,375 6,789 Operating lease revenue 50,857 51,765 65,563 Total lease revenue $ 59,583 $ 59,140 $ 72,352 |
Schedule of Operating Lease Payments to be Received | The following table presents future operating lease payments to be received as of December 31, 2021: Amounts December 31, 2022 $ 45,269 2023 33,460 2024 30,847 2025 29,125 2026 28,356 2027 and beyond 71,718 Total lease payments $ 238,775 |
Schedule of Property and Equipment Subject to Operating Leases | The following table presents amounts for assets subject to operating leases, which are included in Property and equipment, net: As of December 31, 2021 2020 Cost Accumulated Depreciation Net Cost Accumulated Depreciation Net Customer premises equipment $ 1,778,061 $ (1,485,525) $ 292,536 $ 1,617,053 $ (1,265,129) $ 351,924 Satellites 104,620 (45,309) 59,311 104,620 (38,335) 66,285 Real estate 48,275 (18,064) 30,211 48,275 (17,094) 31,181 Total $ 1,930,956 $ (1,548,898) $ 382,058 $ 1,769,948 $ (1,320,558) $ 449,390 The following table presents depreciation expense for assets subject to operating leases, which is included in Depreciation and amortization : For the years ended December 31, 2021 2020 2019 Customer premises equipment $ 230,609 $ 230,079 $ 182,523 Satellites 6,975 6,975 7,495 Real estate 970 942 923 Total $ 238,554 $ 237,996 $ 190,941 |
Lessee Accounting (Tables)
Lessee Accounting (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Schedule of Lease Assets and Liabilities | The following table presents the amounts for ROU assets and lease liabilities: As of December 31, 2021 2020 Right-of-use assets: Operating $ 149,198 $ 128,303 Finance 258,498 278,237 Total right-of-use assets $ 407,696 $ 406,540 Lease liabilities: Current: Operating $ 16,781 $ 14,699 Finance 123 423 Total current 16,904 15,122 Non-current: Operating 134,897 114,886 Finance — 129 Total non-current 134,897 115,015 Total lease liabilities $ 151,801 $ 130,137 |
Schedule of Lease Cost, Weighted Average Term, Discount Rates and Cash Flows | The following table presents the components of lease cost and weighted-average lease terms and discount rates for operating and finance leases: For the years ended December 31, 2021 2020 2019 Lease cost: Operating lease cost $ 23,379 $ 24,000 $ 24,342 Finance lease cost: Amortization of right-of-use assets 29,270 27,611 26,489 Interest on lease liabilities 49 106 173 Total finance lease cost 29,319 27,717 26,662 Short-term lease cost — 376 434 Variable lease cost 2,625 3,853 8,837 Total lease cost $ 55,323 $ 55,946 $ 60,275 As of December 31, 2021 2020 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.3 years 1.2 years Operating leases 10.8 years 10.6 years Weighted-average discount rate: Finance leases 12.8 % 12.2 % Operating leases 5.6 % 6.0 % The following table presents the detailed cash flows from operating and finance leases: For the years ended December 31, 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 21,861 $ 21,834 $ 22,618 Operating cash flows from finance leases 49 106 173 Financing cash flows from finance leases 430 499 654 |
Schedule of Operating Lease Liability Maturity | The following table presents future minimum lease payments of our lease liabilities as of December 31, 2021: Operating Leases Finance Leases Total Year ending December 31, 2022 $ 24,014 $ 130 $ 24,144 2023 23,479 — 23,479 2024 20,278 — 20,278 2025 16,428 — 16,428 2026 15,564 — 15,564 2027 and beyond 102,582 — 102,582 Total future minimum lease payments 202,345 130 202,475 Less: Interest (50,667) (7) (50,674) Total lease liabilities $ 151,678 $ 123 $ 151,801 |
Schedule of Financing Lease Liability Maturity | The following table presents future minimum lease payments of our lease liabilities as of December 31, 2021: Operating Leases Finance Leases Total Year ending December 31, 2022 $ 24,014 $ 130 $ 24,144 2023 23,479 — 23,479 2024 20,278 — 20,278 2025 16,428 — 16,428 2026 15,564 — 15,564 2027 and beyond 102,582 — 102,582 Total future minimum lease payments 202,345 130 202,475 Less: Interest (50,667) (7) (50,674) Total lease liabilities $ 151,678 $ 123 $ 151,801 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Discontinued Operations | The following table presents the financial results of our discontinued operations of the BSS Business: For the year ended December 31, 2019 Revenue: Services and other revenue - DISH Network $ 195,942 Services and other revenue - other 16,260 Total revenue 212,202 Costs and expenses: Cost of sales - services and other (exclusive of 28,057 Selling, general and administrative expenses 8,946 Depreciation and amortization 97,435 Total costs and expenses 134,438 Operating income (loss) 77,764 Other income (expense): Interest expense (17,865) Total other income (expense), net (17,865) Income (loss) from discontinued operations before income taxes 59,899 Income tax benefit (provision), net (20,498) Net income (loss) from discontinued operations $ 39,401 The following table presents the significant supplemental cash flow information and adjustments to reconcile net income to net cash flow from operating activities for discontinued operations of the BSS business: For the year ended December 31, 2019 Operating activities: Net income (loss) from discontinued operations $ 39,401 Depreciation and amortization $ 97,435 Investing activities: Expenditures for property and equipment $ 510 Financing activities: Payment of finance lease obligations $ 27,203 Payment of in-orbit incentive obligations $ 4,474 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share | The following table presents the calculation of basic and diluted EPS for our Class A and B common stock: For the years ended December 31, 2021 2020 2019 Net income (loss) attributable to EchoStar Corporation common stock: Net income (loss) from continuing operations $ 72,875 $ (40,150) $ (102,318) Net income (loss) from discontinued operations — — 39,401 Net income (loss) attributable to EchoStar Corporation common stock $ 72,875 $ (40,150) $ (62,917) Weighted-average common shares outstanding: Basic 89,908 97,920 96,738 Dilutive impact of stock awards outstanding 33 — — Diluted 89,941 97,920 96,738 Earnings (losses) per share: Basic: Continuing operations $ 0.81 $ (0.41) $ (1.06) Discontinued operations — — 0.41 Total basic earnings (losses) per share $ 0.81 $ (0.41) $ (0.65) Diluted: Continuing operations $ 0.81 $ (0.41) $ (1.06) Discontinued operations — — 0.41 Total diluted earnings (losses) per share $ 0.81 $ (0.41) $ (0.65) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table presents the number of anti-dilutive options to purchase shares of our Class A common stock which have been excluded from the calculation of our weighted-average common shares outstanding: For the years ended December 31, 2021 2020 2019 Number of shares 4,766 4,374 4,813 |
Other Comprehensive Income (L_2
Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents the changes in the balances of Accumulated other comprehensive income (loss) by component: Cumulative Foreign Currency Translation Adjustments Unrealized Gain (Loss) On Available-For-Sale Securities Other Accumulated Other Comprehensive Income (Loss) Balance, December 31, 2019 $ (122,176) $ 405 $ (367) $ (122,138) Other comprehensive income (loss) before reclassifications (68,097) (253) 2,614 (65,736) Amounts reclassified to net income (loss) — (2) — (2) Other comprehensive income (loss) (68,097) (255) 2,614 (65,738) Balance, December 31, 2020 (190,273) 150 2,247 (187,876) Other comprehensive income (loss) before reclassifications (19,672) 463 (5,005) (24,214) Amounts reclassified to net income (loss) — (12) — (12) Other comprehensive income (loss) (19,672) 451 (5,005) (24,226) Balance, December 31, 2021 $ (209,945) $ 601 $ (2,758) $ (212,102) |
Marketable Investment Securit_2
Marketable Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Marketable Investment Securities | The following table presents our Marketable investment securities : As of December 31, 2021 2020 Marketable investment securities: Available-for-sale debt securities: Corporate bonds $ 289,784 $ 372,746 Commercial paper 498,358 1,101,888 Other debt securities 92,673 148,292 Total available-for-sale debt securities 880,815 1,622,926 Equity securities 142,943 24,435 Total marketable investment securities, including restricted amounts 1,023,758 1,647,361 Less: Restricted marketable investment securities (13,262) (9,090) Total marketable investment securities $ 1,010,496 $ 1,638,271 |
Schedule of Available-for-sale Securities Reconciliation | The following table presents the components of our available-for-sale debt securities: Amortized Unrealized Estimated Cost Gains Losses Fair Value As of December 31, 2021 Corporate bonds $ 290,169 $ — $ (385) $ 289,784 Commercial paper 498,358 — — 498,358 Other debt securities 92,742 — (69) 92,673 Total available-for-sale debt securities $ 881,269 $ — $ (454) $ 880,815 As of December 31, 2020 Corporate bonds $ 372,702 $ 78 $ (34) $ 372,746 Commercial paper 1,101,888 — — 1,101,888 Other debt securities 148,292 6 (6) 148,292 Total available-for-sale debt securities $ 1,622,882 $ 84 $ (40) $ 1,622,926 |
Schedule of Activity on Available-for-sale Debt Securities | The following table presents the activity on our available-for-sale debt securities: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ 410,918 $ 160,494 $ 435,978 Gains (losses) on sales, net $ 12 $ 2 $ 549 |
Schedule of Fair Value Option Corporate Bonds | The following table presents the activity on our fair value option corporate bonds: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ — $ 32,054 $ 46,717 Gains (losses) on investments, net $ — $ 14,980 $ 6,746 |
Schedule of Activity of Equity Securities | The following table presents the activity of our equity securities: For the years ended December 31, 2021 2020 2019 Proceeds from sales $ 832 $ 14,401 $ 104,729 Gains (losses) on investments, net $ 49,391 $ (3,241) $ 53,873 |
Schedule of Fair Value Measurements | The following table presents our marketable investment securities categorized by the fair value hierarchy, certain of which have historically experienced volatility: Level 1 Level 2 Total As of December 31, 2021 Cash equivalents (including restricted) $ 7,872 $ 423,123 $ 430,995 Available-for-sale debt securities: Corporate bonds $ — $ 289,784 $ 289,784 Commercial paper — 498,358 498,358 Other debt securities 14,274 78,399 92,673 Total available-for-sale debt securities 14,274 866,541 880,815 Equity securities 131,413 11,530 142,943 Total marketable investment securities, including restricted amounts 145,687 878,071 1,023,758 Less: Restricted marketable investment securities (13,262) — (13,262) Total marketable investment securities $ 132,425 $ 878,071 $ 1,010,496 As of December 31, 2020 Cash equivalents (including restricted) $ 416 $ 809,698 $ 810,114 Available-for-sale debt securities: Corporate bonds $ — $ 372,746 $ 372,746 Commercial paper — 1,101,888 1,101,888 Other debt securities 139,486 8,806 148,292 Total available-for-sale debt securities 139,486 1,483,440 1,622,926 Equity securities 14,441 9,994 24,435 Total marketable investment securities, including restricted amounts 153,927 1,493,434 1,647,361 Less: Restricted marketable investment securities (9,090) — (9,090) Total marketable investment securities $ 144,837 $ 1,493,434 $ 1,638,271 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | The following table presents the components of Property and equipment, net : As of December 31, 2021 2020 Property and equipment, net: Satellites, net $ 1,610,623 $ 1,602,076 Other property and equipment, net 727,662 788,237 Total property and equipment, net $ 2,338,285 $ 2,390,313 The following table presents the components of our satellites, net: Depreciable Life (In Years) As of December 31, 2021 2020 Satellites, net: Satellites - owned 7 to 15 $ 1,806,664 $ 1,805,590 Satellites - acquired under finance leases 15 354,170 352,245 Construction in progress — 541,422 409,032 Total satellites 2,702,256 2,566,867 Accumulated depreciation: Satellites - owned (995,962) (890,783) Satellites - acquired under finance leases (95,671) (74,008) Total accumulated depreciation (1,091,633) (964,791) Total satellites, net $ 1,610,623 $ 1,602,076 The following table presents the depreciation expense associated with our satellites, net: For the years ended December 31, 2021 2020 2019 Depreciation expense: Satellites - owned $ 105,819 $ 128,404 $ 130,705 Satellites - acquired under finance leases 23,740 27,611 25,755 Total depreciation expense $ 129,559 $ 156,015 $ 156,460 The following table presents capitalized interest associated with our satellites and satellite-related ground infrastructure: For the years ended December 31, 2021 2020 2019 Capitalized interest $ 37,150 $ 27,369 $ 22,576 The following table presents Other property and equipment, net : Depreciable Life (In Years) As of December 31, 2021 2020 Other property and equipment, net: Land — $ 28,938 $ 29,055 Buildings and improvements 1 to 40 115,537 115,335 Furniture, fixtures, equipment and other 1 to 12 911,474 887,086 Customer premises equipment 2 to 4 1,778,061 1,617,053 Construction in progress 158,559 99,716 Total other property and equipment 2,992,569 2,748,245 Accumulated depreciation (2,264,907) (1,960,008) Other property and equipment, net $ 727,662 $ 788,237 The following table presents the depreciation expense associated with our other property and equipment: For the years ended December 31, 2021 2020 2019 Other property and equipment depreciation expense: Buildings and improvements $ 6,036 $ 5,394 $ 5,791 Furniture, fixtures, equipment and other 90,895 94,389 90,885 Customer premises equipment 230,609 230,079 194,906 Total depreciation expense $ 327,540 $ 329,862 $ 291,582 |
Schedule of Satellites | The following table presents our GEO satellite fleet as of December 31, 2021: GEO Satellite Segment Launch Date Nominal Degree Orbital Location (Longitude) Depreciable Life (In Years) Owned: SPACEWAY 3 (1) Hughes August 2007 95 W 10 EchoStar XVII Hughes July 2012 107 W 15 EchoStar XIX Hughes December 2016 97.1 W 15 Al Yah 3 (2) Hughes January 2018 20 W 7 EchoStar IX (3) (4) ESS August 2003 121 W 12 EUTELSAT 10A (“W2A”) (5) Corporate and Other April 2009 10 E - EchoStar XXI Corporate and Other June 2017 10.25 E 15 Finance leases: Eutelsat 65 West A Hughes March 2016 65 W 15 Telesat T19V Hughes July 2018 63 W 15 EchoStar 105/SES-11 ESS October 2017 105 W 15 (1) Depreciable life represents the remaining useful life as of June 8, 2011, the date EchoStar completed the Hughes Acquisition. (2) Upon consummation of our joint venture with Yahsat in Brazil in November 2019, we acquired the Brazilian Ka-band payload on this satellite. Depreciable life represents the remaining useful life as of November 2019. (3) We own the Ka-band and Ku-band payloads on this satellite. (4) EchoStar IX is approaching its end of station-kept life. The Company expects to place the satellite in an inclined-orbit in the fourth quarter of 2022 or first quarter of 2023, but this ability is dependent upon events beyond our control and may not occur on schedule if at all. Inclined-orbit will extend its life but impact revenue generating capabilities. |
Regulatory Authorizations (Tabl
Regulatory Authorizations (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Regulatory Authorizations With Finite and Indefinite Useful Lives | The following table presents our Regulatory authorizations, net: Finite lived Cost Accumulated Amortization Total Indefinite lived Total Balance, December 31, 2018 $ 46,787 $ (16,790) $ 29,997 $ 400,042 $ 430,039 Additions 12,833 — 12,833 39,491 52,324 Amortization expense — (3,672) (3,672) — (3,672) Currency translation adjustments (1,169) 318 (851) 758 (93) Balance, December 31, 2019 58,451 (20,144) 38,307 440,291 478,598 Amortization expense — (4,483) (4,483) — (4,483) Currency translation adjustments 2,930 (2,012) 918 3,729 4,647 Balance, December 31, 2020 61,381 (26,639) 34,742 444,020 478,762 Amortization expense — (4,495) (4,495) — (4,495) Currency translation adjustments (4,244) 2,046 (2,198) (2,303) (4,501) Balance, December 31, 2021 $ 57,137 $ (29,088) $ 28,049 $ 441,717 $ 469,766 Weighted-average useful life (in years) 13 |
Schedule of Estimated Future Amortization of Intangible Assets | The following table presents our estimated future amortization of our regulatory authorizations with finite lives as of December 31, 2021: Amount For the years ending December 31, 2022 $ 4,333 2023 4,333 2024 4,341 2025 4,333 2026 4,491 2027 and beyond 6,218 Total $ 28,049 The following table presents our estimated future amortization of other intangible assets as of December 31, 2021: Amount For the years ending December 31, 2022 $ 1,485 2023 1,485 2024 1,485 2025 1,485 2026 1,485 2027 and beyond 6,559 Total $ 13,984 |
Other Intangible Assets (Tables
Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Other Intangible Assets | The following table presents our other intangible assets: Customer Relationships Patents Trademarks and Licenses Total Cost: As of December 31, 2018 $ 270,300 $ 61,283 $ 29,700 $ 361,283 As of December 31, 2019 270,300 61,283 29,700 361,283 As of December 31, 2020 270,300 61,283 29,700 361,283 As of December 31, 2021 $ 270,300 $ 61,283 $ 29,700 $ 361,283 Accumulated amortization: As of December 31, 2018 $ (244,787) $ (61,004) $ (11,261) $ (317,052) Amortization expense (13,146) (93) (1,485) (14,724) As of December 31, 2019 (257,933) (61,097) (12,746) (331,776) Amortization expense (9,496) (93) (1,485) (11,074) As of December 31, 2020 (267,429) (61,190) (14,231) (342,850) Amortization expense (2,871) (93) (1,485) (4,449) As of December 31, 2021 $ (270,300) $ (61,283) $ (15,716) $ (347,299) Carrying amount: As of December 31, 2018 $ 25,513 $ 279 $ 18,439 $ 44,231 As of December 31, 2019 $ 12,367 $ 186 $ 16,954 $ 29,507 As of December 31, 2020 $ 2,871 $ 93 $ 15,469 $ 18,433 As of December 31, 2021 $ — $ — $ 13,984 $ 13,984 Weighted-average useful life (in years) 8 6 20 |
Schedule of Estimated Future Amortization of Intangible Assets | The following table presents our estimated future amortization of our regulatory authorizations with finite lives as of December 31, 2021: Amount For the years ending December 31, 2022 $ 4,333 2023 4,333 2024 4,341 2025 4,333 2026 4,491 2027 and beyond 6,218 Total $ 28,049 The following table presents our estimated future amortization of other intangible assets as of December 31, 2021: Amount For the years ending December 31, 2022 $ 1,485 2023 1,485 2024 1,485 2025 1,485 2026 1,485 2027 and beyond 6,559 Total $ 13,984 |
Other Investments (Tables)
Other Investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of Other Investments and Equity Method Investments | The following table presents our Other investments, net : As of December 31, 2021 2020 Other investments, net: Equity method investments $ 91,226 $ 151,070 Other equity investments 91,636 31,662 Other debt investments, net 114,885 102,205 Total other investments, net $ 297,747 $ 284,937 The following table presents revenue recognized: For the years ended December 31, 2021 2020 2019 Deluxe $ 5,480 $ 4,393 $ 4,377 BCS $ 8,278 $ 9,080 $ 8,979 The following table presents trade accounts receivable: As of December 31, 2021 2020 Deluxe $ 934 $ 716 BCS $ 5,544 $ 9,347 The following table presents the activity on our investments: For the years ended December 31, 2021 2020 2019 Gain (loss) on investments, net $ 21,256 $ (29,833) $ (36,700) The following table presents our other debt investments, net: As of December 31, 2021 2020 Other debt investments, net: Cost basis $ 127,433 $ 114,903 Discount (9,602) (10,185) Allowance for credit losses (2,946) (2,513) Total other debt investments, net $ 114,885 $ 102,205 |
Equity Securities Without Readily Determinable Fair Value, Allowance For Credit Loss | The following table presents the activity in our allowance for credit losses for these investments: For the years ended December 31, 2021 2020 Balance at the beginning of the period $ 2,513 $ — Credit Losses (1) 433 2,513 Balance at end of period $ 2,946 $ 2,513 (1) The impact of adopting ASC 326 on January 1, 2020 was a $2.1 million adjustment to Accumulated earnings (losses). |
Schedule of Interest Income, Net | The following table presents the interest income, net related to our debt investments, net: For the years ended December 31, 2021 2020 2019 Interest income, net Interest income $ 17,191 $ 14,736 $ 2,500 Credit losses (433) (367) — Total interest income, net $ 16,758 $ 14,369 $ 2,500 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Carrying Amount and Fair Values of Long-term Debt | The following table presents the carrying amount and fair values of our Current portion of long-term debt, net and Long-term debt, net: Effective Interest Rate As of December 31, 2021 2020 Carrying Amount Fair Value Carrying Amount Fair Value Senior Secured Notes: 5 1/4% Senior Secured Notes due 2026 5.320% $ 750,000 $ 825,555 $ 750,000 $ 834,045 Senior Unsecured Notes: 7 5/8% Senior Unsecured Notes due 2021 —% — — 900,000 924,003 6 5/8% Senior Unsecured Notes due 2026 6.688% 750,000 838,740 750,000 852,810 Less: Unamortized debt issuance costs (4,006) — (6,507) — Total long-term debt 1,495,994 1,664,295 2,393,493 2,610,858 Less: Current portion, net — — (898,237) (924,003) Long-term debt, net $ 1,495,994 $ 1,664,295 $ 1,495,256 $ 1,686,855 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income (Loss) Before Income Taxes | The following table presents the components of Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations: For the years ended December 31, 2021 2020 2019 Domestic $ 269,400 $ 108,078 $ 120,295 Foreign (141,053) (135,913) (213,460) Income (loss) from continuing operations before income taxes $ 128,347 $ (27,835) $ (93,165) |
Schedule of Components of the Benefit (Provision) for Income Taxes | The following table presents the components of Income tax benefit (provision), net , in the Consolidated Statements of Operations: For the years ended December 31, 2021 2020 2019 Current benefit (provision), net: Federal $ (9,324) $ (2,750) $ (5,089) State (15,171) (4,868) 286 Foreign (3,467) (2,116) (633) Total current benefit (provision), net $ (27,962) $ (9,734) $ (5,436) Deferred benefit (provision), net: Federal $ (41,665) $ (9,707) $ (7,511) State (2,155) 3,497 (10,964) Foreign 6,156 (8,125) 3,423 Total deferred benefit (provision), net (37,664) (14,335) (15,052) Total income tax benefit (provision), net $ (65,626) $ (24,069) $ (20,488) |
Schedule of Income Tax Rate Reconciliation | The following table presents our actual tax provisions reconciled to the amounts computed by applying the statutory federal tax rate to Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations : For the years ended December 31, 2021 2020 2019 Statutory rate $ (26,953) $ 5,845 $ 19,565 State income taxes, net of federal provision (benefit) (14,140) (349) (8,137) Permanent differences (5,804) (2,209) (6,531) Tax credits 6,914 1,353 12,453 Valuation allowance (40,743) (44,212) (54,251) Rates different than statutory 18,137 17,180 18,786 Withholding tax (646) (766) (2,171) Other (2,391) (911) (202) Total income tax benefit (provision), net $ (65,626) $ (24,069) $ (20,488) |
Schedule of Deferred Tax Assets and Liabilities | The following table presents the components of our deferred tax assets and liabilities: As of December 31, 2021 2020 Deferred tax assets: Net operating losses, credit and other carryforwards $ 253,767 $ 274,894 Unrealized losses on investments, net 44,651 43,693 Accrued expenses 31,996 21,787 Stock-based compensation 7,067 6,723 Other assets 19,776 35,689 Total deferred tax assets 357,257 382,786 Valuation allowance (234,571) (225,593) Deferred tax assets after valuation allowance $ 122,686 $ 157,193 Deferred tax liabilities: Depreciation and amortization $ (493,093) $ (514,091) Other liabilities (27,860) (1,217) Total deferred tax liabilities (520,953) (515,308) Total net deferred tax liabilities $ (398,267) $ (358,115) Net deferred tax assets (liabilities) foreign jurisdiction $ (7,242) $ 1,781 Net deferred tax assets (liabilities) domestic (391,025) (359,896) Total net deferred tax assets (liabilities) $ (398,267) $ (358,115) |
Schedule of Reconciliation of Unrecognized Tax Benefits | The following table presents the reconciliation of the beginning and ending amount of unrecognized income tax benefits: For the years ended December 31, 2021 2020 2019 Unrecognized tax benefit balance as of beginning of period: $ 150,060 $ 70,401 $ 69,540 Additions based on tax positions related to the current year 193 3,349 861 Additions based on tax positions related to prior years 105 76,882 — Reductions based on tax positions related to prior years (82) (572) — Balance as of end of period $ 150,276 $ 150,060 $ 70,401 |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Stockholders' Equity Note [Abstract] | |
Schedule of Common Stock Repurchases | The following table presents information with respect to purchases made by the Company: Period Total Number of Shares (or Units) Purchased Average Price Paid Per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Disclosed Plans or Program Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased under the Plans or Program (1) Beginning Balance $ 500,000 Year ended December 31, 2019 — $ — — 500,000 Year ended December 31, 2020 1,905,906 22.79 1,905,906 456,542 Year ended December 31, 2021 10,941,872 23.90 10,941,872 194,933 Total 12,847,778 $ 23.74 12,847,778 $ 194,933 (1) On October 29, 2020, our Board of Directors authorized us to repurchase up to $500.0 million of our Class A common stock through and including December 31, 2021. On November 2, 2021, our Board of Directors authorized us to repurchase up to $500.0 million of our Class A common stock commencing January 1, 2022 through and including December 31, 2022. All shares repurchased reflected in the table above have been converted to treasury shares. |
Employee Benefit Plans (Tables)
Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract] | |
Schedule of Matching Contributions, Discretionary Contributions and Shares | The following table presents our matching contributions, discretionary contributions and shares: For the years ended December 31, 2021 2020 2019 Matching contributions $ 5,434 $ 5,239 $ 5,095 Fair value of discretionary contributions of our Class A common stock, net of forfeitures, under 401(k) plan $ 7,125 $ 6,921 $ 6,654 Approximate number of shares 336,000 160,000 181,000 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |
Schedule of Exercise Prices for Stock Options Outstanding and Exercisable | The following table presents our exercise prices for stock options outstanding and exercisable as of December 31, 2021: Options Outstanding Options Exercisable Exercise Price Range Number Outstanding as of December 31, 2021 Weighted- Average Remaining Contractual Term (In Years) Weighted- Average Exercise Price Number Exercisable as of December 31, 2021 Weighted- Average Remaining Contractual Term (In Years) Weighted- Average Exercise Price $0.00 - $20.00 — 0 $ — — 0 $ — $20.01 - $25.00 309,321 9 24.43 33,221 4 24.34 $25.01 - $30.00 442,635 1 29.46 425,635 1 29.62 $30.01 - $35.00 616,374 5 32.76 415,065 4 33.49 $35.01 - $40.00 1,503,054 7 38.77 786,480 6 38.65 $40.01 - $45.00 1,006,518 3 42.22 1,001,942 3 42.22 $45.01 - $50.00 863,829 5 48.55 676,675 5 48.61 $50.01 - $55.00 57,524 5 52.68 47,156 4 52.70 4,799,255 5 38.86 3,386,174 4 39.98 |
Schedule of Stock Option Activity | The following table presents our stock option activity: For the years ended December 31, 2021 2020 2019 Options Weighted- Average Exercise Price Options Weighted- Average Exercise Price Options Weighted- Average Exercise Price Total options outstanding, beginning of period 4,804,891 $ 39.48 4,812,644 $ 43.40 5,013,038 $ 41.80 Granted 325,500 24.49 180,500 30.39 1,959,597 38.12 Exercised (22,264) 18.32 (45,170) 18.93 (1,986,937) 33.89 Forfeited and canceled (308,872) 34.79 (143,083) 41.58 (173,054) 48.99 Total options outstanding, end of period 4,799,255 38.86 4,804,891 39.48 4,812,644 43.40 Exercisable at end of period 3,386,174 39.99 3,045,000 39.42 2,510,947 38.76 |
Schedule of Additional Share-based Compensation Disclosures | The following table presents our additional share-based compensation disclosures: For the years ended December 31, 2021 2020 2019 Tax benefits from stock options exercised $ 304 $ 173 $ 6,989 Aggregate intrinsic value of our stock options exercised $ 238 $ 603 $ 17,101 |
Schedule of Allocated Non-cash, Stock-based Compensation Expense for All Employees | The following table presents our total non-cash, stock-based compensation expense: For the years ended December 31, 2021 2020 2019 Stock-based compensation expense: Research and development expenses $ 530 $ 551 $ 465 Selling, general and administrative expenses 7,169 8,327 8,860 Total stock-based compensation expense $ 7,699 $ 8,878 $ 9,325 |
Schedule of Assumptions of Black-Scholes Option Valuation Model | The following table presents the estimated grant-date fair values and related assumptions: For the years ended December 31, 2021 2020 2019 Assumptions: Risk-free interest rate 0.48% - 1.11% 0.25% - 1.72% 1.83% - 2.54% Volatility 29.91% - 34.51% 24.32% - 30.07% 23.58% - 30.95% Expected term of options (in years) 4.0 - 5.9 4.0 - 5.9 5.7 - 5.8 Weighted-average grant-date fair value $6.20 - $8.32 $6.56 - $11.63 $10.22 - $14.49 |
Related Party Transactions - Di
Related Party Transactions - Dish Network (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | The following table presents our Services and other revenue - DISH Network : For the years ended December 31, 2021 2020 2019 Services and other revenue - DISH Network $ 33,884 $ 36,531 $ 53,429 The following table presents the related trade accounts receivable: As of December 31, 2021 2020 Trade accounts receivable - DISH Network $ 4,244 $ 5,612 The following table presents our operating expenses related to DISH Network: For the years ended December 31, 2021 2020 2019 Operating expenses - DISH Network $ 5,935 $ 5,793 $ 5,198 The following table presents the related trade accounts payable: As of December 31, 2021 2020 Trade accounts payable - DISH Network $ 503 $ 752 The following table presents our other receivables owed from DISH Network: As of December 31, 2021 2020 Other receivables - DISH Network, current $ 12,705 $ — Other receivables - DISH Network, noncurrent $ 77,920 $ 92,680 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Contractual Obligations | The following table summarizes our contractual obligations as of December 31, 2021: Payments Due in the Years Ending December 31, Total (6)(7) 2022 2023 2024 2025 2026 Thereafter Long-term debt (1) $ 1,500,000 $ — $ — $ — $ — $ 1,500,000 $ — Interest on long-term debt (2) 445,315 89,063 89,063 89,063 89,063 89,063 — Satellite-related commitments (3) 342,173 140,843 24,847 22,705 23,121 21,652 109,005 Operating lease obligations (4) 202,345 24,014 23,479 20,278 16,428 15,564 102,582 Finance lease obligations (5) 130 130 — — — — — Total $ 2,489,963 $ 254,050 $ 137,389 $ 132,046 $ 128,612 $ 1,626,279 $ 211,587 (1) Assumes all long-term debt is outstanding until scheduled maturity. (2) Includes interest on long-term debt. (3) Includes payments pursuant to: i) agreements for the construction of the EchoStar XXIV satellite, ii) the EchoStar XXIV launch contract, iii) regulatory authorizations, non-lease costs associated with our finance lease satellites, in-orbit incentives relating to certain satellites and commitments for satellite service arrangements. (4) Operating leases consist primarily of leases for office space, data centers and satellite-related ground infrastructure. (5) Finance leases consist primarily of leases for satellite capacity. (6) The table excludes amounts related to deferred tax liabilities, unrecognized tax positions and certain other amounts recorded in our non-current liabilities as the timing of any payments is uncertain. (7) The table excludes long-term deferred revenue and other long-term liabilities that do not require future cash payments. |
Schedule of Accrual For License Fee Dispute | The following table presents the components of the accrual: As of December 31, 2021 2020 Additional license fees $ 3,812 $ 3,890 Penalties 3,912 3,992 Interest and interest on penalties 81,389 76,871 Less: Payments (8,451) (2,975) Total accrual $ 80,662 $ 81,778 |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Schedule of Revenue, EBITDA, and Capital Expenditures by Operating Segments | The following table presents total revenue, capital expenditures and EBITDA for each of our business segments: Hughes ESS Corporate and Other Consolidated For the year ended December 31, 2021 External revenue $ 1,956,226 $ 17,295 $ 12,199 $ 1,985,720 Intersegment revenue — 384 (384) — Total revenue $ 1,956,226 $ 17,679 $ 11,815 $ 1,985,720 Capital expenditures $ 296,303 $ — $ 142,127 $ 438,430 EBITDA $ 781,824 $ 9,185 $ (88,468) $ 702,541 For the year ended December 31, 2020 External revenue $ 1,860,834 $ 16,237 $ 10,836 $ 1,887,907 Intersegment revenue — 1,161 (1,161) — Total revenue $ 1,860,834 $ 17,398 $ 9,675 $ 1,887,907 Capital expenditures $ 355,197 $ 41 $ 53,560 $ 408,798 EBITDA $ 727,608 $ 7,873 $ (118,606) $ 616,875 For the year ended December 31, 2019 External revenue $ 1,852,742 $ 15,131 $ 18,208 $ 1,886,081 Intersegment revenue — 1,126 (1,126) — Total revenue $ 1,852,742 $ 16,257 $ 17,082 $ 1,886,081 Capital expenditures $ 308,781 $ — $ 109,293 $ 418,074 EBITDA $ 625,660 $ 6,994 $ (55,055) $ 577,599 |
Schedule of Reconciliation of EBITDA to Reported Income (Loss) Before Income Taxes | The following table reconciles Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations to EBITDA: For the years ended December 31, 2021 2020 2019 Income (loss) from continuing operations before income taxes $ 128,347 $ (27,835) $ (93,165) Interest income, net (22,801) (39,982) (82,352) Interest expense, net of amounts capitalized 95,512 147,927 251,016 Depreciation and amortization 491,329 525,011 490,765 Net loss (income) attributable to non-controlling interests 10,154 11,754 11,335 EBITDA $ 702,541 $ 616,875 $ 577,599 |
Schedule of Total Long-lived Assets | The following table summarizes total long-lived assets attributed to the North America, South and Central America and other foreign locations: As of December 31, 2021 2020 Long-lived assets: North America $ 2,959,316 $ 2,954,421 South and Central America 267,429 311,063 Other 106,376 133,621 Total long-lived assets $ 3,333,121 $ 3,399,105 |
Supplemental Financial Inform_2
Supplemental Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Cost of Sales and Research and Development Costs | The following table presents the research and development costs incurred in connection with customers’ orders: For the years ended December 31, 2021 2020 2019 Cost of sales - equipment $ 29,636 $ 19,788 $ 24,495 Research and development expenses $ 31,777 $ 29,448 $ 25,739 |
Reconciliation of Cash and Cash Equivalents and Restricted Cash | The following table reconciles cash and cash equivalents and restricted cash, as presented in the Consolidated Balance Sheets to the total of the same as presented in the Consolidated Statements of Cash Flows: For the years ended December 31, 2021 2020 2019 Cash and cash equivalents, including restricted amounts, beginning of period: Cash and cash equivalents $ 896,005 $ 1,519,431 $ 928,306 Restricted cash 807 2,458 1,189 Total cash and cash equivalents, included restricted amounts, beginning of period $ 896,812 $ 1,521,889 $ 929,495 Cash and cash equivalents, including restricted amounts, end of period: Cash and cash equivalents $ 535,894 $ 896,005 $ 1,519,431 Restricted cash 980 807 2,458 Total cash and cash equivalents, included restricted amounts, end of period $ 536,874 $ 896,812 $ 1,521,889 |
Reconciliation of Cash and Cash Equivalents and Restricted Cash | The following table reconciles cash and cash equivalents and restricted cash, as presented in the Consolidated Balance Sheets to the total of the same as presented in the Consolidated Statements of Cash Flows: For the years ended December 31, 2021 2020 2019 Cash and cash equivalents, including restricted amounts, beginning of period: Cash and cash equivalents $ 896,005 $ 1,519,431 $ 928,306 Restricted cash 807 2,458 1,189 Total cash and cash equivalents, included restricted amounts, beginning of period $ 896,812 $ 1,521,889 $ 929,495 Cash and cash equivalents, including restricted amounts, end of period: Cash and cash equivalents $ 535,894 $ 896,005 $ 1,519,431 Restricted cash 980 807 2,458 Total cash and cash equivalents, included restricted amounts, end of period $ 536,874 $ 896,812 $ 1,521,889 |
Schedule of Other Assets and Other Liabilities | The following table presents the components of Other current assets, net and Other non-current assets, net : As of December 31, 2021 2020 Other current assets, net: Trade accounts receivable - DISH Network $ 4,244 $ 5,612 Inventory 103,084 97,992 Prepaids and deposits 57,287 55,381 Other receivables - DISH Network 12,705 — Other, net 21,124 30,836 Total other current assets $ 198,444 $ 189,821 Other non-current assets, net: Other receivables - DISH Network $ 77,920 $ 92,680 Restricted marketable investment securities 13,262 9,090 Restricted cash 980 807 Deferred tax assets, net 5,417 1,781 Capitalized software, net 124,701 116,661 Contract acquisition costs, net 82,986 99,837 Contract fulfillment costs, net 1,721 2,580 Other, net 31,254 29,485 Total other non-current assets, net $ 338,241 $ 352,921 The following table presents the components of Accrued expenses and other current liabilities and Other non-current liabilities: As of December 31, 2021 2020 Accrued expenses and other current liabilities: Trade accounts payable - DISH Network $ 503 $ 752 Accrued interest 39,395 42,388 Accrued compensation 63,935 62,299 Accrued taxes 11,738 20,297 Operating lease obligation 16,781 14,699 Accrual for license fee dispute 11,178 81,778 Other 65,912 77,786 Total accrued expenses and other current liabilities $ 209,442 $ 299,999 Other non-current liabilities: Accrual for license fee dispute $ 69,484 $ — Other 66,942 70,893 Total other non-current liabilities $ 136,426 $ 70,893 |
Schedule of Activity in Allowance for Doubtful Accounts | The following table presents the activity in our allowance for doubtful accounts: For the years ended December 31, 2021 2020 2019 Balance at beginning of period $ 15,386 $ 23,777 $ 16,604 Credit losses (1) 22,591 18,582 30,027 Deductions (23,543) (26,031) (21,832) Foreign currency translation 154 (942) (1,022) Balance at end of period $ 14,588 $ 15,386 $ 23,777 (1) The impact of adopting ASC 326 on January 1, 2020 was a net decrease to our allowance for doubtful accounts largely driven by a $13.4 million reclassification to Other current assets, net and Other non-current assets, net , offset by a $2.9 million adjustment to Accumulated earnings (losses) . The following table presents the activity in our allowance for doubtful accounts, which is included within Other, net in each of Other current assets, net and Other non-current assets, net in the table above: For the years ended December 31, 2021 2020 Other current assets, net Other non-current assets, net Other current assets, net Other non-current assets, net Balance at beginning of period $ 1,747 $ 12,869 $ — $ — Credit losses (1) — 3,328 1,595 13,378 Foreign currency translation (1,747) 1,159 152 (509) Deductions — (647) — — Balance at end of period $ — $ 16,709 $ 1,747 $ 12,869 1) The impact of adopting ASC 326 on January 1, 2020 was a net increase to our allowance for doubtful accounts largely driven by a $13.4 million reclassification from Trade accounts receivables and contracts assets, net |
Schedule of Inventory | The following table presents the components of inventory: As of December 31, 2021 2020 Raw materials $ 13,778 $ 4,564 Work-in-process 11,705 8,280 Finished goods 77,601 85,148 Total inventory $ 103,084 $ 97,992 |
Schedule of Capitalized Software Costs | The following tables present the activity related to our capitalized software cost: As of December 31, 2021 2020 Net carrying amount of externally marketed software $ 124,701 $ 116,661 Externally marketed software under development and not yet placed into service $ 57,357 $ 72,047 For the years ended December 31, 2021 2020 2019 Capitalized costs related to development of externally marketed software $ 33,543 $ 38,655 $ 29,310 Amortization expense relating to externally marketed software $ 25,288 $ 23,780 $ 24,284 Weighted-average useful life (in years) 4 |
Schedule of Noncash Investing and Financing Activities | The following table presents the supplemental and non-cash investing and financing activities: For the years ended December 31, 2021 2020 2019 Supplemental disclosure of cash flow information: Cash paid for interest, net of amounts capitalized $ 87,901 $ 139,280 $ 195,331 Cash paid for income taxes $ 29,420 $ 15,254 $ 3,575 Non-cash investing and financing activities: Employee benefits paid in Class A common stock $ 7,125 $ 6,921 $ 6,654 Increase (decrease) in capital expenditures included in accounts payable, net $ 381 $ (6,935) $ (11,111) Non-cash assets exchanged for BSS Transaction $ — $ — $ 532,855 Non-cash net assets received in exchange for a 20% ownership interest in our existing Brazilian subsidiary $ — $ — $ 94,918 |
Organization and Business Act_2
Organization and Business Activities (Details) | 1 Months Ended | 12 Months Ended | |||
Sep. 30, 2019shares | May 31, 2019shares | Dec. 31, 2021segment$ / shares | Dec. 31, 2020$ / shares | Mar. 31, 2020$ / sharesshares | |
Related party transactions | |||||
Number of business segments | segment | 2 | ||||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |||
Common Stock | BSS Corp. | |||||
Related party transactions | |||||
Common stock, par value (in dollars per share) | $ 0.001 | ||||
Share of BSS common stock issued for each share of Echostar Class A or Class B common stock (in shares) | shares | 1 | ||||
Common Class A | |||||
Related party transactions | |||||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |||
Common Class A | DISH Network | |||||
Related party transactions | |||||
Common stock, par value (in dollars per share) | $ 0.001 | ||||
Entity shares issued per acquiree share (in shares) | shares | 0.23523769 | 0.23523769 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Narrative (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Nov. 30, 2019 | Dec. 31, 2018 | |
Accounting Policies [Line Items] | |||||
Weighted-average useful life (in years) | 13 years | ||||
Asset impairment charges | $ 0 | ||||
Cumulative effect adoption of accounting principle | $ (3,414,080,000) | $ (3,607,250,000) | $ (3,745,553,000) | $ (4,155,474,000) | |
Yahsat | |||||
Accounting Policies [Line Items] | |||||
Equity ownership percentage | 20.00% | 20.00% | |||
Computer Software, Intangible Asset | |||||
Accounting Policies [Line Items] | |||||
Weighted-average useful life (in years) | 5 years | ||||
Accumulated Earnings (Losses) | |||||
Accounting Policies [Line Items] | |||||
Cumulative effect adoption of accounting principle | $ (656,466,000) | $ (583,591,000) | (632,809,000) | $ (694,129,000) | |
Cumulative effect of accounting changes | |||||
Accounting Policies [Line Items] | |||||
Cumulative effect adoption of accounting principle | 9,308,000 | ||||
Cumulative effect of accounting changes | Accumulated Earnings (Losses) | |||||
Accounting Policies [Line Items] | |||||
Cumulative effect adoption of accounting principle | $ 9,068,000 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Correction of Prior Period Consolidated Financial Statements (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
New accounting pronouncement disclosures | ||||||
Comprehensive income (loss) | $ 76,605 | $ 44,362 | $ 120,967 | $ 34,106 | $ (133,281) | $ (67,962) |
Less: Comprehensive income (loss) attributable to non-controlling interests | 6,060 | (6,557) | (497) | (14,543) | (27,392) | (8,007) |
Comprehensive income (loss) attributable to EchoStar Corporation | 70,545 | 50,919 | 121,464 | $ 48,649 | (105,889) | $ (59,955) |
As Previously Reported | ||||||
New accounting pronouncement disclosures | ||||||
Comprehensive income (loss) | 76,605 | 44,362 | 120,967 | (133,281) | ||
Less: Comprehensive income (loss) attributable to non-controlling interests | (6,060) | 6,557 | 497 | 27,392 | ||
Comprehensive income (loss) attributable to EchoStar Corporation | 82,665 | 37,805 | 120,470 | (160,673) | ||
Adjustment | ||||||
New accounting pronouncement disclosures | ||||||
Comprehensive income (loss) | 0 | 0 | 0 | 0 | ||
Less: Comprehensive income (loss) attributable to non-controlling interests | 12,120 | (13,114) | (994) | (54,784) | ||
Comprehensive income (loss) attributable to EchoStar Corporation | $ (12,120) | $ 13,114 | $ 994 | $ 54,784 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Impact of Adoption of New Accounting Pronouncements (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Trade accounts receivable and contract assets, net | $ 182,063 | $ 183,989 | $ 196,629 | ||
Other current assets, net | 198,444 | 189,821 | 179,531 | ||
Other investments, net | 297,747 | 284,937 | 325,405 | ||
Other non-current assets, net | 338,241 | 352,921 | 334,841 | ||
Total assets | 6,045,204 | 7,073,352 | 7,154,298 | ||
Deferred tax liabilities, net | 403,684 | 359,896 | 351,692 | ||
Accumulated earnings (losses) | 656,466 | 583,591 | 632,809 | ||
Non-controlling interests | 60,253 | 64,916 | 75,748 | ||
Total stockholders’ equity | 3,414,080 | 3,607,250 | 3,745,553 | $ 4,155,474 | |
Total liabilities and stockholders’ equity | $ 6,045,204 | $ 7,073,352 | 7,154,298 | ||
Adoption of ASC 326 Increase (Decrease) | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Accumulated earnings (losses) | $ 2,900 | ||||
Adoption of ASC 326 Increase (Decrease) | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total stockholders’ equity | (9,308) | ||||
Adoption of ASC 326 Increase (Decrease) | Adoption of ASC 326 Increase (Decrease) | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Trade accounts receivable and contract assets, net | (13,672) | ||||
Other current assets, net | 6,723 | ||||
Other investments, net | (7,381) | ||||
Other non-current assets, net | 4,050 | ||||
Total assets | (10,280) | ||||
Deferred tax liabilities, net | (972) | ||||
Accumulated earnings (losses) | (9,068) | ||||
Non-controlling interests | (240) | ||||
Total stockholders’ equity | (9,308) | ||||
Total liabilities and stockholders’ equity | (10,280) | ||||
Balance January 1, 2020 | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Trade accounts receivable and contract assets, net | 182,957 | ||||
Other current assets, net | 186,254 | ||||
Other investments, net | 318,024 | ||||
Other non-current assets, net | 338,891 | ||||
Total assets | 7,144,018 | ||||
Deferred tax liabilities, net | 350,720 | ||||
Accumulated earnings (losses) | 623,741 | ||||
Non-controlling interests | 75,508 | ||||
Total stockholders’ equity | 3,736,245 | $ 3,736,245 | |||
Total liabilities and stockholders’ equity | $ 7,144,018 |
Revenue Recognition - Schedule
Revenue Recognition - Schedule of Components of Contract Balances (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Trade accounts receivable and contract assets, net: | |||
Total trade accounts receivable | $ 160,344 | $ 154,067 | |
Contract assets | 36,307 | 45,308 | |
Allowance for doubtful accounts | (14,588) | (15,386) | |
Total trade accounts receivable and contract assets, net | 182,063 | 183,989 | $ 196,629 |
Contract liabilities: | |||
Current | 141,343 | 104,569 | |
Non-current | 10,669 | 10,519 | |
Total contract liabilities | 152,012 | 115,088 | |
Revenue recognized | 82,633 | 72,877 | $ 65,417 |
Sales and services | |||
Trade accounts receivable and contract assets, net: | |||
Total trade accounts receivable | 154,676 | 149,513 | |
Leasing | |||
Trade accounts receivable and contract assets, net: | |||
Total trade accounts receivable | $ 5,668 | $ 4,554 |
Revenue Recognition - Schedul_2
Revenue Recognition - Schedule of Allowance for Doubtful Accounts Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2020 | |
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | $ 15,386 | $ 23,777 | $ 16,604 | |
Credit losses | 22,591 | 18,582 | 30,027 | |
Deductions | (23,543) | (26,031) | (21,832) | |
Foreign currency translation | 154 | (942) | (1,022) | |
Balance at end of period | 14,588 | 15,386 | 23,777 | |
Accumulated earnings (losses) | $ 656,466 | $ 583,591 | $ 632,809 | |
Adoption of ASC 326 Increase (Decrease) | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Other current assets and other non-current assets | $ 13,400 | |||
Accumulated earnings (losses) | $ 2,900 |
Revenue Recognition - Activity
Revenue Recognition - Activity in Contract Acquisition Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Increase (Decrease) In Capitalized Contract Cost [Roll Forward] | |||
Balance at beginning of period | $ 99,837 | $ 113,592 | $ 114,306 |
Additions | 72,503 | 91,143 | 97,457 |
Amortization expense | (88,178) | (101,278) | (97,650) |
Foreign currency translation | (1,176) | (3,620) | (521) |
Balance at end of period | $ 82,986 | $ 99,837 | $ 113,592 |
Revenue Recognition - Narrative
Revenue Recognition - Narrative (Details) $ in Millions | Dec. 31, 2021USD ($) |
Revenue from Contract with Customer [Abstract] | |
Remaining performance obligation | $ 914.7 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Remaining performance obligation period | |
Remaining performance obligation, percentage | 51.00% |
Revenue Recognition - Schedul_3
Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disaggregation of Revenue [Line Items] | |||
Total revenue | $ 1,985,720 | $ 1,887,907 | $ 1,886,081 |
Services and other revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,715,287 | 1,682,304 | 1,619,271 |
Services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,664,430 | 1,630,146 | 1,552,924 |
Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 50,857 | 52,158 | 66,347 |
Total equipment revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 270,433 | 205,603 | 266,810 |
Equipment | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 108,773 | 110,110 | 115,159 |
Design, development and construction services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 152,934 | 88,511 | 145,646 |
Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 8,726 | 6,982 | 6,005 |
Corporate and Other | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 11,815 | 9,675 | 17,082 |
Corporate and Other | Services and other revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 11,809 | 9,673 | 16,974 |
Corporate and Other | Services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 5,691 | 4,631 | 6,493 |
Corporate and Other | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 6,118 | 5,042 | 10,481 |
Corporate and Other | Total equipment revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 6 | 2 | 107 |
Corporate and Other | Equipment | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 6 | 2 | 107 |
Corporate and Other | Design, development and construction services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
Corporate and Other | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
Hughes | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,956,226 | 1,860,834 | 1,852,742 |
Hughes | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,956,226 | 1,860,834 | 1,852,742 |
Hughes | Operating segments | Services and other revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,685,799 | 1,655,233 | 1,586,039 |
Hughes | Operating segments | Services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,646,778 | 1,614,730 | 1,535,966 |
Hughes | Operating segments | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 39,021 | 40,503 | 50,073 |
Hughes | Operating segments | Total equipment revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 270,427 | 205,601 | 266,703 |
Hughes | Operating segments | Equipment | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 108,767 | 110,108 | 115,052 |
Hughes | Operating segments | Design, development and construction services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 152,934 | 88,511 | 145,646 |
Hughes | Operating segments | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 8,726 | 6,982 | 6,005 |
ESS | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 17,295 | 16,237 | 15,131 |
ESS | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 17,679 | 17,398 | 16,257 |
ESS | Operating segments | Services and other revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 17,679 | 17,398 | 16,257 |
ESS | Operating segments | Services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 11,961 | 10,785 | 10,464 |
ESS | Operating segments | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 5,718 | 6,613 | 5,793 |
ESS | Operating segments | Total equipment revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
ESS | Operating segments | Equipment | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
ESS | Operating segments | Design, development and construction services | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
ESS | Operating segments | Lease revenue | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
North America | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,646,690 | 1,583,802 | 1,560,606 |
North America | Corporate and Other | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 11,782 | 9,443 | 16,526 |
North America | Hughes | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 1,617,229 | 1,556,961 | 1,527,823 |
North America | ESS | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 17,679 | 17,398 | 16,257 |
South and Central America | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 176,515 | 151,426 | 125,906 |
South and Central America | Corporate and Other | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 232 | 448 |
South and Central America | Hughes | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 176,515 | 151,194 | 125,458 |
South and Central America | ESS | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 0 | 0 | 0 |
Other | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 162,515 | 152,679 | 199,569 |
Other | Corporate and Other | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 33 | 0 | 108 |
Other | Hughes | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | 162,482 | 152,679 | 199,461 |
Other | ESS | Operating segments | |||
Disaggregation of Revenue [Line Items] | |||
Total revenue | $ 0 | $ 0 | $ 0 |
Revenue Recognition - Lease Inc
Revenue Recognition - Lease Income By Lease Type (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Sales-type lease revenue: | |||
Revenue at lease commencement | $ 7,998 | $ 6,982 | $ 6,005 |
Interest income | 728 | 393 | 784 |
Total sales-type lease revenue | 8,726 | 7,375 | 6,789 |
Operating lease revenue | 50,857 | 51,765 | 65,563 |
Total lease revenue | 59,583 | 59,140 | $ 72,352 |
Sales-type lease receivable | $ 17,100 | $ 13,000 |
Revenue Recognition - Lease I_2
Revenue Recognition - Lease Income Maturity (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Amounts | |
2022 | $ 45,269 |
2023 | 33,460 |
2024 | 30,847 |
2025 | 29,125 |
2026 | 28,356 |
2027 and beyond | 71,718 |
Total lease payments | $ 238,775 |
Revenue Recognition - Property
Revenue Recognition - Property and Equipment Subject to Operating Leases (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Property, Plant and Equipment [Line Items] | |||
Cost | $ 1,930,956 | $ 1,769,948 | |
Accumulated Depreciation | (1,548,898) | (1,320,558) | |
Property, plant and equipment, net | 382,058 | 449,390 | |
Depreciation | 238,554 | 237,996 | $ 190,941 |
Customer premises equipment | |||
Property, Plant and Equipment [Line Items] | |||
Cost | 1,778,061 | 1,617,053 | |
Accumulated Depreciation | (1,485,525) | (1,265,129) | |
Property, plant and equipment, net | 292,536 | 351,924 | |
Depreciation | 230,609 | 230,079 | 182,523 |
Satellites | |||
Property, Plant and Equipment [Line Items] | |||
Cost | 104,620 | 104,620 | |
Accumulated Depreciation | (45,309) | (38,335) | |
Property, plant and equipment, net | 59,311 | 66,285 | |
Depreciation | 6,975 | 6,975 | 7,495 |
Real estate | |||
Property, Plant and Equipment [Line Items] | |||
Cost | 48,275 | 48,275 | |
Accumulated Depreciation | (18,064) | (17,094) | |
Property, plant and equipment, net | 30,211 | 31,181 | |
Depreciation | $ 970 | $ 942 | $ 923 |
Lessee Accounting - Schedule of
Lessee Accounting - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Right-of-use assets: | ||
Operating | $ 149,198 | $ 128,303 |
Finance | 258,498 | 278,237 |
Total right-of-use assets | 407,696 | 406,540 |
Current: | ||
Operating | 16,781 | 14,699 |
Finance | 123 | 423 |
Total current | 16,904 | 15,122 |
Non-current: | ||
Operating | 134,897 | 114,886 |
Finance | 0 | 129 |
Total non-current | 134,897 | 115,015 |
Total lease liabilities | $ 151,801 | $ 130,137 |
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] | Accrued expenses and other current liabilities | Accrued expenses and other current liabilities |
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization |
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] | Accrued expenses and other current liabilities | Accrued expenses and other current liabilities |
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] | Other non-current liabilities | Other non-current liabilities |
Finance lease, accumulated amortization | $ 95,700 | $ 74,000 |
Lessee Accounting - Schedule _2
Lessee Accounting - Schedule of Lease Cost, Weighted Average Term, Discount Rates and Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Lease cost: | |||
Operating lease cost | $ 23,379 | $ 24,000 | $ 24,342 |
Finance lease cost: | |||
Amortization of right-of-use assets | 29,270 | 27,611 | 26,489 |
Interest on lease liabilities | 49 | 106 | 173 |
Total finance lease cost | 29,319 | 27,717 | 26,662 |
Short-term lease cost | 0 | 376 | 434 |
Variable lease cost | 2,625 | 3,853 | 8,837 |
Total lease cost | $ 55,323 | $ 55,946 | 60,275 |
Weighted-average remaining lease term: | |||
Finance leases | 3 months 18 days | 1 year 2 months 12 days | |
Operating leases | 10 years 9 months 18 days | 10 years 7 months 6 days | |
Weighted-average discount rate: | |||
Finance leases | 12.80% | 12.20% | |
Operating leases | 5.60% | 6.00% | |
Cash paid for amounts included in the measurement of lease liabilities: | |||
Operating cash flows from operating leases | $ 21,861 | $ 21,834 | 22,618 |
Operating cash flows from finance leases | 49 | 106 | 173 |
Financing cash flows from finance leases | 430 | 499 | 654 |
Right-of-use asset obtained in exchange for lease liability | $ 26,100 | $ 22,600 | $ 8,500 |
Lessee Accounting - Schedule _3
Lessee Accounting - Schedule of Lease Liability Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Leases | ||
2022 | $ 24,014 | |
2023 | 23,479 | |
2024 | 20,278 | |
2025 | 16,428 | |
2026 | 15,564 | |
2027 and beyond | 102,582 | |
Total future minimum lease payments | 202,345 | |
Less: Interest | (50,667) | |
Total lease liabilities | 151,678 | |
Finance Leases | ||
2022 | 130 | |
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
2027 and beyond | 0 | |
Total future minimum lease payments | 130 | |
Less: Interest | (7) | |
Total lease liabilities | 123 | |
Total | ||
2022 | 24,144 | |
2023 | 23,479 | |
2024 | 20,278 | |
2025 | 16,428 | |
2026 | 15,564 | |
2027 and beyond | 102,582 | |
Total future minimum lease payments | 202,475 | |
Less: Interest | (50,674) | |
Total lease liabilities | $ 151,801 | $ 130,137 |
Discontinued Operations - Summa
Discontinued Operations - Summary of Financial Results (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue: | |||
Total revenue | $ 1,985,720 | $ 1,887,907 | $ 1,886,081 |
Other income (expense): | |||
Net income (loss) from discontinued operations | 0 | 0 | 39,401 |
Discontinued Operations | |||
Costs and expenses: | |||
Depreciation and amortization | 97,435 | ||
Other income (expense): | |||
Net income (loss) from discontinued operations | 39,401 | ||
Discontinued Operations | BSS Business | |||
Revenue: | |||
Total revenue | 212,202 | ||
Costs and expenses: | |||
Cost of sales - services and other (exclusive of depreciation and amortization) | 28,057 | ||
Selling, general and administrative expenses | 8,946 | ||
Depreciation and amortization | 97,435 | ||
Total costs and expenses | 134,438 | ||
Operating income (loss) | 77,764 | ||
Other income (expense): | |||
Interest expense | (17,865) | ||
Total other income (expense), net | (17,865) | ||
Income (loss) from discontinued operations before income taxes | 59,899 | ||
Income tax benefit (provision), net | (20,498) | ||
Net income (loss) from discontinued operations | 39,401 | ||
Services and other revenue | |||
Revenue: | |||
Total revenue | $ 1,715,287 | $ 1,682,304 | 1,619,271 |
Services and other revenue | Discontinued Operations | BSS Business | |||
Revenue: | |||
Total revenue | 16,260 | ||
Services and other revenue | Discontinued Operations | BSS Business | DISH Network | |||
Revenue: | |||
Total revenue | $ 195,942 |
Discontinued Operations - Suppl
Discontinued Operations - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | |||
Net income (loss) from discontinued operations | $ 0 | $ 0 | $ 39,401 |
Cash flows from financing activities: | |||
Payment of finance lease obligations | 670 | 811 | 29,347 |
Payment of in-orbit incentive obligations | $ 2,214 | $ 1,554 | 5,447 |
Discontinued Operations | |||
Cash flows from operating activities: | |||
Net income (loss) from discontinued operations | 39,401 | ||
Depreciation and amortization | 97,435 | ||
Cash flows from investing activities: | |||
Expenditures for property and equipment | 510 | ||
Cash flows from financing activities: | |||
Payment of finance lease obligations | 27,203 | ||
Payment of in-orbit incentive obligations | $ 4,474 |
Discontinued Operations - Narra
Discontinued Operations - Narrative (Details) - transponder | Dec. 31, 2017 | Feb. 28, 2013 | Sep. 30, 2010 | Nov. 30, 2008 |
DISH Network | DISH Nimiq 5 Agreement | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of DBS transponders available to receive services | 32 | |||
DISH Network | Share Exchange Agreement | EchoStar Technologies segment | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Ownership interest acquired by related party (as a percent) | 100.00% | |||
DISH Network | QuetzSat-1 | Satellite Capacity Lease Agreement | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of DBS transponders receiving services | 24 | |||
Number of DBS transponders receiving services sublease | 5 | |||
Telesat Canada | TeleSat Transponder Agreement | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of DBS transponders available to receive services | 32 | |||
S E S Latin America | QuetzSat-1 | Satellite Services Agreement | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of DBS transponders expected to receive services | 32 |
Business Combinations (Details)
Business Combinations (Details) $ in Millions | Dec. 31, 2020USD ($) |
Yahsat | |
Business Acquisition [Line Items] | |
Transaction cost | $ 1.6 |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings Per Share [Abstract] | |||
Net income (loss) from continuing operations | $ 72,875 | $ (40,150) | $ (102,318) |
Net income (loss) from discontinued operations | 0 | 0 | 39,401 |
Net income (loss) attributable to EchoStar Corporation common stock | $ 72,875 | $ (40,150) | $ (62,917) |
Weighted-average common shares outstanding: | |||
Basic (in shares) | 89,908 | 97,920 | 96,738 |
Dilutive impact of stock awards outstanding (in shares) | 33 | 0 | 0 |
Diluted (in shares) | 89,941 | 97,920 | 96,738 |
Basic: | |||
Continuing operations (in dollars per share) | $ 0.81 | $ (0.41) | $ (1.06) |
Discontinued operations (in dollars per share) | 0 | 0 | 0.41 |
Total basic earnings (loss) per share (in dollars per share) | 0.81 | (0.41) | (0.65) |
Diluted: | |||
Continuing operations (in dollars per share) | 0.81 | (0.41) | (1.06) |
Discontinued operations (in dollars per share) | 0 | 0 | 0.41 |
Total diluted earnings (loss) per share (in dollars per share) | $ 0.81 | $ (0.41) | $ (0.65) |
Earnings Per Share - Antidiluti
Earnings Per Share - Antidilutive Securities (Details) - shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock awards | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share | |||
Anti-dilutive securities excluded from computation of earnings per share (in shares) | 4,766 | 4,374 | 4,813 |
Other Comprehensive Income (L_3
Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | |||
Beginning balance | $ 3,607,250 | $ 3,745,553 | $ 4,155,474 |
Other comprehensive income (loss) before reclassifications | (24,214) | (65,736) | |
Amounts reclassified to net income (loss) | (12) | (2) | |
Total other comprehensive income (loss), net of tax | (28,615) | (81,377) | 6,290 |
Ending balance | 3,414,080 | 3,607,250 | 3,745,553 |
Cumulative Foreign Currency Translation Adjustments | |||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | |||
Beginning balance | (190,273) | (122,176) | |
Other comprehensive income (loss) before reclassifications | (19,672) | (68,097) | |
Amounts reclassified to net income (loss) | 0 | 0 | |
Total other comprehensive income (loss), net of tax | (19,672) | (68,097) | |
Ending balance | (209,945) | (190,273) | (122,176) |
Unrealized Gain (Loss) On Available-For-Sale Securities | |||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | |||
Beginning balance | 150 | 405 | |
Other comprehensive income (loss) before reclassifications | 463 | (253) | |
Amounts reclassified to net income (loss) | (12) | (2) | |
Total other comprehensive income (loss), net of tax | 451 | (255) | |
Ending balance | 601 | 150 | 405 |
Other | |||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | |||
Beginning balance | 2,247 | (367) | |
Other comprehensive income (loss) before reclassifications | (5,005) | 2,614 | |
Amounts reclassified to net income (loss) | 0 | 0 | |
Total other comprehensive income (loss), net of tax | (5,005) | 2,614 | |
Ending balance | (2,758) | 2,247 | (367) |
Accumulated Other Comprehensive Income (Loss) | |||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | |||
Beginning balance | (187,876) | (122,138) | |
Total other comprehensive income (loss), net of tax | (24,226) | (65,738) | |
Ending balance | $ (212,102) | $ (187,876) | $ (122,138) |
Marketable Investment Securit_3
Marketable Investment Securities - Schedule of Investments (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | $ 880,815 | $ 1,622,926 |
Equity securities | 142,943 | 24,435 |
Total marketable investment securities, including restricted amounts | 1,023,758 | 1,647,361 |
Less: Restricted marketable investment securities | (13,262) | (9,090) |
Marketable investment securities | 1,010,496 | 1,638,271 |
Corporate bonds | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 289,784 | 372,746 |
Commercial paper | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 498,358 | 1,101,888 |
Other debt securities | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | $ 92,673 | $ 148,292 |
Marketable Investment Securit_4
Marketable Investment Securities - Schedule of Unrealized Gains (Losses) on Available-for-Sale Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized cost | $ 881,269 | $ 1,622,882 |
Unrealized gains | 0 | 84 |
Unrealized losses | (454) | (40) |
Estimated fair value | 880,815 | 1,622,926 |
Corporate bonds | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized cost | 290,169 | 372,702 |
Unrealized gains | 0 | 78 |
Unrealized losses | (385) | (34) |
Estimated fair value | 289,784 | 372,746 |
Commercial paper | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized cost | 498,358 | 1,101,888 |
Unrealized gains | 0 | 0 |
Unrealized losses | 0 | 0 |
Estimated fair value | 498,358 | 1,101,888 |
Other debt securities | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized cost | 92,742 | 148,292 |
Unrealized gains | 0 | 6 |
Unrealized losses | (69) | (6) |
Estimated fair value | $ 92,673 | $ 148,292 |
Marketable Investment Securit_5
Marketable Investment Securities - Activity on Available for Sale Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |||
Proceeds from sales | $ 410,918 | $ 160,494 | $ 435,978 |
Gains (losses) on sales, net | $ 12 | $ 2 | $ 549 |
Marketable Investment Securit_6
Marketable Investment Securities - Narrative (Details) $ in Millions | Dec. 31, 2021USD ($) |
Investments, Debt and Equity Securities [Abstract] | |
Debt securities with contractual maturities of one year or less | $ 793.4 |
Debt securities with contractual maturities exceeding one year | $ 87.4 |
Marketable Investment Securit_7
Marketable Investment Securities - Fair Value Option (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Debt Securities, Available-for-sale [Line Items] | |||
Proceeds from sales | $ 410,918 | $ 160,494 | $ 435,978 |
Corporate bonds | |||
Debt Securities, Available-for-sale [Line Items] | |||
Proceeds from sales | 0 | 32,054 | 46,717 |
Gains (losses) on investments, net | $ 0 | $ 14,980 | $ 6,746 |
Marketable Investment Securit_8
Marketable Investment Securities - Equity Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |||
Proceeds from sales | $ 832 | $ 14,401 | $ 104,729 |
Gains (losses) on investments, net | $ 49,391 | $ (3,241) | $ 53,873 |
Marketable Investment Securit_9
Marketable Investment Securities - Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Fair value of marketable securities | ||
Cash equivalents (including restricted) | $ 430,995 | $ 810,114 |
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 880,815 | 1,622,926 |
Equity securities | 142,943 | 24,435 |
Total marketable investment securities, including restricted amounts | 1,023,758 | 1,647,361 |
Less: Restricted marketable investment securities | (13,262) | (9,090) |
Marketable investment securities | 1,010,496 | 1,638,271 |
Corporate bonds | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 289,784 | 372,746 |
Commercial paper | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 498,358 | 1,101,888 |
Other debt securities | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 92,673 | 148,292 |
Level 1 | ||
Fair value of marketable securities | ||
Cash equivalents (including restricted) | 7,872 | 416 |
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 14,274 | 139,486 |
Equity securities | 131,413 | 14,441 |
Total marketable investment securities, including restricted amounts | 145,687 | 153,927 |
Less: Restricted marketable investment securities | (13,262) | (9,090) |
Marketable investment securities | 132,425 | 144,837 |
Level 1 | Corporate bonds | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 0 | 0 |
Level 1 | Commercial paper | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 0 | 0 |
Level 1 | Other debt securities | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 14,274 | 139,486 |
Level 2 | ||
Fair value of marketable securities | ||
Cash equivalents (including restricted) | 423,123 | 809,698 |
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 866,541 | 1,483,440 |
Equity securities | 11,530 | 9,994 |
Total marketable investment securities, including restricted amounts | 878,071 | 1,493,434 |
Less: Restricted marketable investment securities | 0 | 0 |
Marketable investment securities | 878,071 | 1,493,434 |
Level 2 | Corporate bonds | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 289,784 | 372,746 |
Level 2 | Commercial paper | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | 498,358 | 1,101,888 |
Level 2 | Other debt securities | ||
Available-for-sale debt securities: | ||
Total available-for-sale debt securities | $ 78,399 | $ 8,806 |
Property and Equipment - Major
Property and Equipment - Major Asset Class (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Property and equipment, net: | ||
Property and equipment, net | $ 2,338,285 | $ 2,390,313 |
Satellites, net | ||
Property and equipment, net: | ||
Property and equipment, net | 1,610,623 | 1,602,076 |
Other property and equipment, net | ||
Property and equipment, net: | ||
Property and equipment, net | $ 727,662 | $ 788,237 |
Property and Equipment - Narrat
Property and Equipment - Narrative (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2020satellite | Dec. 31, 2021USD ($)satellitemi | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Property, Plant and Equipment [Line Items] | ||||
Number of satellites utilized in geostationary orbit approximately 22,300 miles above the equator | 10 | |||
Number of nano-satellites launched | 2 | |||
Impairment of long-lived assets | $ | $ 245 | $ 1,685 | $ 0 | |
Satellite-related obligations | ||||
Property, Plant and Equipment [Line Items] | ||||
Satellite-related obligations | $ | $ 342,200 | 487,700 | ||
Satellites, net | ||||
Property, Plant and Equipment [Line Items] | ||||
Length of satellites utilized in geosynchronous orbit above the equator (in miles) | mi | 22,300 | |||
Satellites - owned | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of satellites utilized in geostationary orbit approximately 22,300 miles above the equator | 7 | |||
Satellites, Leased | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of satellites utilized under finance lease | 3 | |||
Level 2 | ||||
Property, Plant and Equipment [Line Items] | ||||
Fair values of in-orbit incentive obligations | $ | $ 53,200 | $ 55,400 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Satellites (Details) | 12 Months Ended |
Dec. 31, 2021 | |
SPACEWAY 3 | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 10 years |
EchoStar XVII | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
EchoStar XIX | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
Al Yah 3 | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 7 years |
EchoStar IX | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 12 years |
EchoStar XXI | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
Eutelsat 65 West A | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
Telesat T19V | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
EchoStar 105/SES-11 | |
Property, Plant and Equipment [Line Items] | |
Depreciable Life (In Years) | 15 years |
Property and Equipment - Sche_2
Property and Equipment - Schedule of Property Plant and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Satellites, net: | ||
Property and equipment, gross | $ 1,930,956 | $ 1,769,948 |
Satellites - acquired under finance leases | 354,170 | 352,245 |
Accumulated depreciation: | ||
Total satellites, net | 2,338,285 | 2,390,313 |
Satellites - owned | ||
Satellites, net: | ||
Property and equipment, gross | 1,806,664 | 1,805,590 |
Accumulated depreciation: | ||
Accumulated depreciation | $ (995,962) | (890,783) |
Satellites - owned | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable Life (In Years) | 7 years | |
Satellites - owned | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable Life (In Years) | 15 years | |
Satellites - acquired under finance leases | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable Life (In Years) | 15 years | |
Accumulated depreciation: | ||
Accumulated depreciation | $ (95,671) | (74,008) |
Construction in progress | ||
Satellites, net: | ||
Property and equipment, gross | 541,422 | 409,032 |
Total Satellites | ||
Satellites, net: | ||
Total satellites | 2,702,256 | 2,566,867 |
Accumulated depreciation: | ||
Accumulated depreciation | (1,091,633) | (964,791) |
Total satellites, net | $ 1,610,623 | $ 1,602,076 |
Property and Equipment - Sche_3
Property and Equipment - Schedule of Depreciation and Capitalized Interest (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Depreciation expense: | |||
Depreciation | $ 238,554 | $ 237,996 | $ 190,941 |
Amortization of right-of-use assets | 29,270 | 27,611 | 26,489 |
Total depreciation expense | 491,329 | 525,011 | 490,765 |
Capitalized interest | 37,150 | 27,369 | 22,576 |
Total Satellites | |||
Depreciation expense: | |||
Total depreciation expense | 129,559 | 156,015 | 156,460 |
Satellites - owned | |||
Depreciation expense: | |||
Depreciation | 105,819 | 128,404 | 130,705 |
Satellites - acquired under finance leases | |||
Depreciation expense: | |||
Amortization of right-of-use assets | $ 23,740 | $ 27,611 | $ 25,755 |
Property and Equipment - Other
Property and Equipment - Other Property Plant and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Land | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | $ 28,938 | $ 29,055 |
Buildings and improvements | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | $ 115,537 | 115,335 |
Buildings and improvements | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 1 year | |
Buildings and improvements | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 40 years | |
Furniture, fixtures, equipment and other | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | $ 911,474 | 887,086 |
Furniture, fixtures, equipment and other | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 1 year | |
Furniture, fixtures, equipment and other | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 12 years | |
Customer premises equipment | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | $ 1,778,061 | 1,617,053 |
Customer premises equipment | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 2 years | |
Customer premises equipment | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life | 4 years | |
Construction in progress | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | $ 158,559 | 99,716 |
Other property and equipment, net | ||
Other property and equipment, net: | ||
Property and equipment, other, gross | 2,992,569 | 2,748,245 |
Accumulated depreciation | (2,264,907) | (1,960,008) |
Other property and equipment, net | $ 727,662 | $ 788,237 |
Property and Equipment - Othe_2
Property and Equipment - Other Property Plant and Equipment Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other property and equipment depreciation expense: | |||
Depreciation expense | $ 238,554 | $ 237,996 | $ 190,941 |
Other property and equipment, net | |||
Other property and equipment depreciation expense: | |||
Depreciation expense | 327,540 | 329,862 | 291,582 |
Buildings and improvements | |||
Other property and equipment depreciation expense: | |||
Depreciation expense | 6,036 | 5,394 | 5,791 |
Furniture, fixtures, equipment and other | |||
Other property and equipment depreciation expense: | |||
Depreciation expense | 90,895 | 94,389 | 90,885 |
Customer premises equipment | |||
Other property and equipment depreciation expense: | |||
Depreciation expense | $ 230,609 | $ 230,079 | $ 194,906 |
Regulatory Authorizations - Sch
Regulatory Authorizations - Schedule of Regulatory Authorizations (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Nov. 30, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cost | ||||
Additions | $ 7,900 | $ 12,833 | ||
Accumulated Amortization | ||||
Amortization expense | $ (4,495) | $ (4,483) | (3,672) | |
Total | ||||
Additions | 12,833 | |||
Indefinite lived | ||||
Balance at the beginning of the period | 444,020 | 440,291 | 400,042 | |
Additions | 39,491 | |||
Currency translation adjustment | (2,303) | 3,729 | 758 | |
Balance at the end of the period | 441,717 | 444,020 | 440,291 | |
Total | ||||
Balance at the beginning of the period | 478,762 | 478,598 | 430,039 | |
Additions | 52,324 | |||
Currency translation adjustment | (4,501) | 4,647 | (93) | |
Balance at the end of the period | $ 469,766 | 478,762 | 478,598 | |
Weighted-average useful life (in years) | 13 years | |||
Regulatory authorization | ||||
Cost | ||||
Balance at the beginning of the period | $ 61,381 | 58,451 | 46,787 | |
Currency translation adjustments | (4,244) | 2,930 | (1,169) | |
Balance at the end of the period | 57,137 | 61,381 | 58,451 | |
Accumulated Amortization | ||||
Balance at the beginning of the period | (26,639) | (20,144) | (16,790) | |
Amortization expense | (4,495) | (4,483) | (3,672) | |
Currency translation adjustment | 2,046 | (2,012) | 318 | |
Balance at the end of the period | (29,088) | (26,639) | (20,144) | |
Total | ||||
Balance at the beginning of the period | 34,742 | 38,307 | 29,997 | |
Currency translation adjustment | (2,198) | 918 | (851) | |
Balance at the end of the period | $ 28,049 | $ 34,742 | $ 38,307 |
Regulatory Authorizations - Nar
Regulatory Authorizations - Narrative (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Nov. 30, 2019 | Oct. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finite-Lived Intangible Assets [Line Items] | |||||
Terrestrial rights granted | $ 7,900 | $ 12,833 | |||
Amortization period | 11 years | ||||
Acquisition of spectrum rights | $ 4,500 | ||||
Indefinite-lived intangible assets acquired | $ 39,500 | ||||
Payments to acquire intangible assets | $ 26,500 | $ 0 | $ 0 | $ 34,447 | |
Licensing Agreements | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Amortization period | 15 years |
Regulatory Authorizations - Fut
Regulatory Authorizations - Future Amortization of Intangible Assets (Details) - Regulatory authorization - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Estimated future amortization of intangible assets | ||||
2022 | $ 4,333 | |||
2023 | 4,333 | |||
2024 | 4,341 | |||
2025 | 4,333 | |||
2026 | 4,491 | |||
2027 and beyond | 6,218 | |||
Other intangible assets, net | $ 28,049 | $ 34,742 | $ 38,307 | $ 29,997 |
Other Intangible Assets - Sched
Other Intangible Assets - Schedule of other intangible assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Accumulated Amortization | ||||
Weighted-average useful life (in years) | 13 years | |||
Total | ||||
Cost: | ||||
Balance at the beginning of the period | $ 361,283 | $ 361,283 | $ 361,283 | |
Balance at the end of the period | 361,283 | 361,283 | 361,283 | |
Accumulated Amortization | ||||
Balance at the beginning of the period | (342,850) | (331,776) | (317,052) | |
Amortization expense | (4,449) | (11,074) | (14,724) | |
Balance at the end of the period | (347,299) | (342,850) | (331,776) | |
Carrying amount: | 13,984 | 18,433 | 29,507 | $ 44,231 |
Customer Relationships | ||||
Cost: | ||||
Balance at the beginning of the period | 270,300 | 270,300 | 270,300 | |
Balance at the end of the period | 270,300 | 270,300 | 270,300 | |
Accumulated Amortization | ||||
Balance at the beginning of the period | (267,429) | (257,933) | (244,787) | |
Amortization expense | (2,871) | (9,496) | (13,146) | |
Balance at the end of the period | (270,300) | (267,429) | (257,933) | |
Carrying amount: | $ 0 | 2,871 | 12,367 | 25,513 |
Weighted-average useful life (in years) | 8 years | |||
Patents | ||||
Cost: | ||||
Balance at the beginning of the period | $ 61,283 | 61,283 | 61,283 | |
Balance at the end of the period | 61,283 | 61,283 | 61,283 | |
Accumulated Amortization | ||||
Balance at the beginning of the period | (61,190) | (61,097) | (61,004) | |
Amortization expense | (93) | (93) | (93) | |
Balance at the end of the period | (61,283) | (61,190) | (61,097) | |
Carrying amount: | $ 0 | 93 | 186 | 279 |
Weighted-average useful life (in years) | 6 years | |||
Trademarks and Licenses | ||||
Cost: | ||||
Balance at the beginning of the period | $ 29,700 | 29,700 | 29,700 | |
Balance at the end of the period | 29,700 | 29,700 | 29,700 | |
Accumulated Amortization | ||||
Balance at the beginning of the period | (14,231) | (12,746) | (11,261) | |
Amortization expense | (1,485) | (1,485) | (1,485) | |
Balance at the end of the period | (15,716) | (14,231) | (12,746) | |
Carrying amount: | $ 13,984 | $ 15,469 | $ 16,954 | $ 18,439 |
Weighted-average useful life (in years) | 20 years |
Other Intangible Assets - Sch_2
Other Intangible Assets - Schedule of estimated future amortization (Details) - Other Intangible Assets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
For the years ending December 31, | ||||
2022 | $ 1,485 | |||
2023 | 1,485 | |||
2024 | 1,485 | |||
2025 | 1,485 | |||
2026 | 1,485 | |||
2027 and beyond | 6,559 | |||
Carrying amount: | $ 13,984 | $ 18,433 | $ 29,507 | $ 44,231 |
Other Investments - Schedule of
Other Investments - Schedule of Other Investments, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Other investments, net: | |||
Equity method investments | $ 91,226 | $ 151,070 | |
Other equity investments | 91,636 | 31,662 | |
Other debt investments, net | 114,885 | 102,205 | |
Total other investments, net | $ 297,747 | $ 284,937 | $ 325,405 |
Other Investments - Narrative (
Other Investments - Narrative (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Schedule of Equity Method Investments [Line Items] | |||||
Other-than-temporary impairment losses on equity method investments | $ 55,266,000 | $ 0 | $ 0 | ||
Proceeds from equity method investment, distribution | 0 | 0 | 2,700,000 | ||
Dividend received from unconsolidated affiliate | $ 0 | $ 0 | $ 2,284,000 | ||
Dish Mexico | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity interest, percentage in joint venture | 49.00% | 49.00% | |||
Other-than-temporary impairment losses on equity method investments | $ 55,300,000 | ||||
Deluxe | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity interest, percentage in joint venture | 50.00% | 50.00% | |||
BCS | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity interest, percentage in joint venture | 20.00% |
Other Investments - Schedule _2
Other Investments - Schedule of Revenue Recognized (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deluxe | |||
Schedule of Equity Method Investments [Line Items] | |||
Revenue from related parties | $ 5,480 | $ 4,393 | $ 4,377 |
BCS | |||
Schedule of Equity Method Investments [Line Items] | |||
Revenue from related parties | $ 8,278 | $ 9,080 | $ 8,979 |
Other Investments - Schedule _3
Other Investments - Schedule of Trade Accounts Receivable (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deluxe | ||
Schedule of Equity Method Investments [Line Items] | ||
Receivables from related party | $ 934 | $ 716 |
BCS | ||
Schedule of Equity Method Investments [Line Items] | ||
Receivables from related party | $ 5,544 | $ 9,347 |
Other Investments - Other Equit
Other Investments - Other Equity Investments (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity Method Investments and Joint Ventures [Abstract] | |||
Gain (loss) on investments, net | $ 21,256 | $ (29,833) | $ (36,700) |
Other Investments - Schedule _4
Other Investments - Schedule of Other Debt Investments, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract] | ||
Cost basis | $ 127,433 | $ 114,903 |
Discount | (9,602) | (10,185) |
Allowance for credit losses | (2,946) | (2,513) |
other debt investments, net | $ 114,885 | $ 102,205 |
Other Investments - Allowance f
Other Investments - Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | |
Equity Securities Without Readily Determinable Fair Value, Allowance For Credit Loss [Roll Forward] | ||||
Balance at the beginning of the period | $ 2,513 | $ 0 | ||
Credit losses | 433 | 2,513 | ||
Balance at end of period | 2,946 | 2,513 | ||
New accounting pronouncement disclosures | ||||
Accumulated earnings (losses) | $ 656,466 | $ 583,591 | $ 632,809 | |
Adoption of ASC 326 Increase (Decrease) | ||||
New accounting pronouncement disclosures | ||||
Accumulated earnings (losses) | $ 2,900 | |||
Adoption of ASC 326 Increase (Decrease) | Investments In And Advances To Affiliates, Subsidiaries, Associates, And Joint Ventures | ||||
New accounting pronouncement disclosures | ||||
Accumulated earnings (losses) | $ 2,100 |
Other Investments - Interest In
Other Investments - Interest Income, Net (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest Income (Expense), Net [Abstract] | |||
Interest income | $ 17,191 | $ 14,736 | $ 2,500 |
Credit losses | (433) | (367) | 0 |
Interest income, net | $ 16,758 | $ 14,369 | $ 2,500 |
Long-Term Debt - Schedule of De
Long-Term Debt - Schedule of Debt and Finance Leases (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt and Capital Lease Obligations | ||
Less: Unamortized debt issuance costs | $ (4,006) | $ (6,507) |
Carrying amount, total long-term debt | 1,495,994 | 2,393,493 |
Carrying amount, less: current portion, net | 0 | (898,237) |
Carrying amount, long-term debt, net | 1,495,994 | 1,495,256 |
Fair value, total long-term debt | 1,664,295 | 2,610,858 |
Fair value, less: current portion, net | 0 | (924,003) |
Fair value, long-term debt, net | $ 1,664,295 | 1,686,855 |
Senior Secured Notes | 5 1/4% Senior Secured Notes due 2026 | ||
Debt and Capital Lease Obligations | ||
Interest rate | 5.25% | |
Effective Interest Rate | 5.32% | |
Carrying amount, gross | $ 750,000 | 750,000 |
Fair value, total long-term debt | $ 825,555 | 834,045 |
Senior Unsecured Notes | 7 5/8% Senior Unsecured Notes due 2021 | ||
Debt and Capital Lease Obligations | ||
Interest rate | 7.625% | |
Effective Interest Rate | 0.00% | |
Carrying amount, gross | $ 0 | 900,000 |
Fair value, total long-term debt | $ 0 | 924,003 |
Senior Unsecured Notes | 6 5/8% Senior Unsecured Notes due 2026 | ||
Debt and Capital Lease Obligations | ||
Interest rate | 6.625% | |
Effective Interest Rate | 6.688% | |
Carrying amount, gross | $ 750,000 | 750,000 |
Fair value, total long-term debt | $ 838,740 | $ 852,810 |
Long-Term Debt - Narrative (Det
Long-Term Debt - Narrative (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jul. 27, 2016 | Jun. 01, 2011 | |
Debt and Capital Lease Obligations | |||||
Equity in losses (earnings) of unconsolidated affiliates, net | $ 2,381,000 | $ 4,324,000 | $ 5,912,000 | ||
Interest Expense | |||||
Debt and Capital Lease Obligations | |||||
Equity in losses (earnings) of unconsolidated affiliates, net | $ 2,400,000 | $ 4,300,000 | $ 5,900,000 | ||
5 1/4% Senior Secured Notes due 2026 | Hughes Satellite Systems Corporation (HSSC) | |||||
Debt and Capital Lease Obligations | |||||
Issue price as percent of principal | 100.00% | ||||
6 5/8% Senior Unsecured Notes due 2026 | Hughes Satellite Systems Corporation (HSSC) | |||||
Debt and Capital Lease Obligations | |||||
Principal amount of debt issuance | $ 750,000,000 | ||||
Senior Unsecured Notes | 7 5/8% Senior Unsecured Notes due 2021 | |||||
Debt and Capital Lease Obligations | |||||
Redemption price percentage | 100.00% | ||||
Purchase price due to change of control, as percentage of aggregate principal amount | 101.00% | ||||
Percent of debt holders required to call debt | 25.00% | ||||
Senior Unsecured Notes | 7 5/8% Senior Unsecured Notes due 2021 | Hughes Satellite Systems Corporation (HSSC) | |||||
Debt and Capital Lease Obligations | |||||
Principal amount of debt issuance | $ 900,000,000 | ||||
Issue price as percent of principal | 100.00% | ||||
Senior Unsecured Notes | 6 5/8% Senior Unsecured Notes due 2026 | |||||
Debt and Capital Lease Obligations | |||||
Redemption price percentage | 100.00% | ||||
Purchase price due to change of control, as percentage of aggregate principal amount | 101.00% | ||||
Percent of debt holders required to call debt | 25.00% | ||||
Senior Unsecured Notes | 6 5/8% Senior Unsecured Notes due 2026 | Hughes Satellite Systems Corporation (HSSC) | |||||
Debt and Capital Lease Obligations | |||||
Issue price as percent of principal | 100.00% | ||||
Senior Secured Notes | 5 1/4% Senior Secured Notes due 2026 | |||||
Debt and Capital Lease Obligations | |||||
Redemption price percentage | 100.00% | ||||
Purchase price due to change of control, as percentage of aggregate principal amount | 101.00% | ||||
Percent of debt holders required to call debt | 25.00% | ||||
Senior Secured Notes | 5 1/4% Senior Secured Notes due 2026 | Hughes Satellite Systems Corporation (HSSC) | |||||
Debt and Capital Lease Obligations | |||||
Principal amount of debt issuance | $ 750,000,000 |
Income Taxes - Components of In
Income Taxes - Components of Income (Loss) From Continuing Operations Before Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |||
Domestic | $ 269,400 | $ 108,078 | $ 120,295 |
Foreign | (141,053) | (135,913) | (213,460) |
Income (loss) from continuing operations before income taxes | $ 128,347 | $ (27,835) | $ (93,165) |
Income Taxes - Components of _2
Income Taxes - Components of Income Tax Benefit (Provision), Net (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current benefit (provision), net: | |||
Federal | $ (9,324) | $ (2,750) | $ (5,089) |
State | (15,171) | (4,868) | 286 |
Foreign | (3,467) | (2,116) | (633) |
Total current benefit (provision), net | (27,962) | (9,734) | (5,436) |
Deferred benefit (provision), net: | |||
Federal | (41,665) | (9,707) | (7,511) |
State | (2,155) | 3,497 | (10,964) |
Foreign | 6,156 | (8,125) | 3,423 |
Total deferred benefit (provision), net | (37,664) | (14,335) | (15,052) |
Total income tax benefit (provision), net | $ (65,626) | $ (24,069) | $ (20,488) |
Income Taxes - Income Tax Rate
Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |||
Statutory rate | $ (26,953) | $ 5,845 | $ 19,565 |
State income taxes, net of federal provision (benefit) | (14,140) | (349) | (8,137) |
Permanent differences | (5,804) | (2,209) | (6,531) |
Tax credits | 6,914 | 1,353 | 12,453 |
Valuation allowance | (40,743) | (44,212) | (54,251) |
Rates different than statutory | 18,137 | 17,180 | 18,786 |
Withholding tax | (646) | (766) | (2,171) |
Other | (2,391) | (911) | (202) |
Total income tax benefit (provision), net | $ 65,626 | $ 24,069 | $ 20,488 |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax assets: | ||
Net operating losses, credit and other carryforwards | $ 253,767 | $ 274,894 |
Unrealized losses on investments, net | 44,651 | 43,693 |
Accrued expenses | 31,996 | 21,787 |
Stock-based compensation | 7,067 | 6,723 |
Other assets | 19,776 | 35,689 |
Total deferred tax assets | 357,257 | 382,786 |
Valuation allowance | (234,571) | (225,593) |
Deferred tax assets after valuation allowance | 122,686 | 157,193 |
Deferred tax liabilities: | ||
Depreciation and amortization | (493,093) | (514,091) |
Other liabilities | (27,860) | (1,217) |
Total deferred tax liabilities | (520,953) | (515,308) |
Net deferred tax assets (liabilities) foreign jurisdiction | 122,686 | 157,193 |
Total net deferred tax assets (liabilities) | (398,267) | (358,115) |
Foreign | ||
Deferred tax assets: | ||
Deferred tax assets after valuation allowance | 1,781 | |
Deferred tax liabilities: | ||
Net deferred tax assets (liabilities) foreign jurisdiction | 1,781 | |
Total net deferred tax assets (liabilities) | (7,242) | |
Federal | ||
Deferred tax liabilities: | ||
Total net deferred tax assets (liabilities) | $ (391,025) | $ (359,896) |
Income Taxes - Narrative (Detai
Income Taxes - Narrative (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Loss Carryforwards [Line Items] | ||
Deferred tax assets, valuation allowance | $ (234,571,000) | $ (225,593,000) |
Net operating loss carryforwards | 684,400,000 | |
Provision for U.S. income taxes or foreign withholding taxes | 0 | |
Deferred tax in foreign subsidiaries | 5,400,000 | 1,800,000 |
Unrecognized tax benefits if recognized, could affect our effective tax rate | 150,100,000 | $ 150,300,000 |
Foreign | ||
Operating Loss Carryforwards [Line Items] | ||
Net operating loss carryforwards | 682,800,000 | |
Federal | ||
Operating Loss Carryforwards [Line Items] | ||
Tax credit carryforwards | 127,600,000 | |
State | ||
Operating Loss Carryforwards [Line Items] | ||
Tax credit carryforwards | $ 99,900,000 |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Unrecognized tax benefit balance as of beginning of period: | |||
Balance as of beginning of period | $ 150,060 | $ 70,401 | $ 69,540 |
Additions based on tax positions related to the current year | 193 | 3,349 | 861 |
Additions based on tax positions related to prior years | 105 | 76,882 | 0 |
Reductions based on tax positions related to prior years | (82) | (572) | 0 |
Balance as of end of period | $ 150,276 | $ 150,060 | $ 70,401 |
Stockholders' Equity - Preferre
Stockholders' Equity - Preferred Stock and Common Stock (Details) | 12 Months Ended | |
Dec. 31, 2021voteshares | Dec. 31, 2020shares | |
Common Class A | ||
Stockholders Equity (Deficit) | ||
Votes per share | vote | 1 | |
Common stock, shares outstanding (in shares) | 38,726,923 | 48,863,374 |
Common Class C | ||
Stockholders Equity (Deficit) | ||
Votes per share | vote | 1 | |
Votes per share in event of change of control | vote | 10 | |
Number of shares of Class A common stock into which each share of common stock is convertible (in shares) | 1 | |
Common stock, shares outstanding (in shares) | 0 | 0 |
Common Class B | ||
Stockholders Equity (Deficit) | ||
Votes per share | vote | 10 | |
Number of shares of Class A common stock into which each share of common stock is convertible (in shares) | 1 | |
Common stock, shares outstanding (in shares) | 47,687,039 | 47,687,039 |
Common Class D | ||
Stockholders Equity (Deficit) | ||
Common stock, shares outstanding (in shares) | 0 | 0 |
Stockholders' Equity - Common S
Stockholders' Equity - Common Stock Repurchase Program (Details) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2022 | Oct. 29, 2020 | Dec. 31, 2018 | |
Common Stock Repurchase Program | ||||||
Total number of shares purchased (in shares) | 10,941,872 | 1,905,906 | 0 | |||
Average price paid per share (in dollars per share) | $ 23.90 | $ 22.79 | $ 0 | |||
Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased under the Plans or Program | $ 194,933,000 | $ 456,542,000 | $ 500,000,000 | $ 500,000,000 | ||
Common Stock Repurchase Program | ||||||
Common Stock Repurchase Program | ||||||
Total number of shares purchased (in shares) | 12,847,778 | |||||
Average price paid per share (in dollars per share) | $ 23.74 | |||||
Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased under the Plans or Program | $ 194,933,000 | |||||
Common Class A | ||||||
Common Stock Repurchase Program | ||||||
Amount of shares authorized for repurchase | $ 500,000,000 | $ 500,000,000 | ||||
Common Class A | Forecast | ||||||
Common Stock Repurchase Program | ||||||
Amount of shares authorized for repurchase | $ 500,000,000 |
Employee Benefit Plans - Employ
Employee Benefit Plans - Employee Stock Purchase Plan (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee Stock Purchase Plan | |||
Employee benefit plans | |||
Required service period | 3 months | ||
Common Class A | |||
Employee benefit plans | |||
Number of common stock available for future grant under stock incentive plans (in shares) | 6,400,000 | ||
Common Class A | Employee Stock Purchase Plan | |||
Employee benefit plans | |||
Number of shares authorized for issuance (in shares) | 5,000,000 | ||
Number of common stock available for future grant under stock incentive plans (in shares) | 1,300,000 | ||
Maximum allowed purchase under the ESPP | $ 25,000 | ||
Purchase price as percentage of closing market price on the last business day of each calendar quarter under ESPP | 85.00% | ||
Number of shares of common stock purchased under ESPP (in shares) | 446,000 | 452,000 | 285,000 |
Employee Benefit Plans - 401(k)
Employee Benefit Plans - 401(k) Employee Savings Plans (Details) - EchoStar 401(k) Plan - USD ($) shares in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee benefit plans | |||
Maximum contribution limit | 75.00% | ||
Employer matching contribution as a percentage of voluntary employee contributions under 401(k) plan (as a percent) | 50.00% | ||
Percentage of eligible compensation, matched 50% by employer | 6.00% | ||
Percentage of eligible compensation, matched 100% by employer | 3.00% | ||
Employer maximum annual contribution per employee under 401(k) plan | $ 7,500 | ||
Vesting percentage of matching contributions to eligible employees per year | 20.00% | ||
Vesting percentage of matching contributions to eligible employees after specified period of service | 100.00% | ||
Eligibility for employer matching contributions, period of service | 5 years | ||
Common Class A | |||
Employee benefit plans | |||
Matching contributions | $ 5,434,000 | $ 5,239,000 | $ 5,095,000 |
Fair value of discretionary contributions of our Class A common stock, net of forfeitures, under 401(k) plan | $ 7,125,000 | $ 6,921,000 | $ 6,654,000 |
Approximate number of shares | 336 | 160 | 181 |
Stock-Based Compensation - Narr
Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Stock-Based Compensation | ||||
Tax benefit from compensation expense | $ 1.5 | $ 1.7 | $ 1.9 | |
Unrecognized compensation expense | $ 10.9 | |||
Future forfeiture rate (as a percent) | 2.00% | |||
Period for recognition of compensation cost | 2 years | |||
Aggregate intrinsic value of stock options outstanding | $ 0.6 | |||
Aggregate intrinsic value of stock options exercisable | $ 0.1 | |||
Common Class A | ||||
Stock-Based Compensation | ||||
Number of common stock available for future grant under stock incentive plans (in shares) | 6,400,000 | |||
Employee And Non Employee Stock Option | ||||
Stock-Based Compensation | ||||
Shares outstanding under stock incentive plans (in shares) | 4,799,255 | 4,804,891 | 4,812,644 | 5,013,038 |
Employee Stock Options | ||||
Stock-Based Compensation | ||||
Maximum expiration term | 10 years | |||
Vesting period | 5 years | |||
Non-Employee Stock Option | ||||
Stock-Based Compensation | ||||
Maximum expiration term | 5 years |
Stock-Based Compensation - Exer
Stock-Based Compensation - Exercise Prices for Stock Options (Details) | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 4,799,255 |
Options outstanding, Weighted-average remaining contractual term | 5 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 38.86 |
Number of stock options exercisable (in shares) | shares | 3,386,174 |
Options exercisable, Weighted-average remaining contractual life | 4 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 39.98 |
Range of Exercise Prices $0.00 - $20.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 0 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 20 |
Range of Exercise Prices $0.00 - $20.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 0 |
Options outstanding, Weighted-average remaining contractual term | 0 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 0 |
Number of stock options exercisable (in shares) | shares | 0 |
Options exercisable, Weighted-average remaining contractual life | 0 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 0 |
Range of Exercise Prices $20.01 - $25.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 20.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 25 |
Range of Exercise Prices $20.01 - $25.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 309,321 |
Options outstanding, Weighted-average remaining contractual term | 9 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 24.43 |
Number of stock options exercisable (in shares) | shares | 33,221 |
Options exercisable, Weighted-average remaining contractual life | 4 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 24.34 |
Range of Exercise Prices $25.01 - $30.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 25.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 30 |
Range of Exercise Prices $25.01 - $30.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 442,635 |
Options outstanding, Weighted-average remaining contractual term | 1 year |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 29.46 |
Number of stock options exercisable (in shares) | shares | 425,635 |
Options exercisable, Weighted-average remaining contractual life | 1 year |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 29.62 |
Range of Exercise Prices $30.01 - $35.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 30.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 35 |
Range of Exercise Prices $30.01 - $35.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 616,374 |
Options outstanding, Weighted-average remaining contractual term | 5 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 32.76 |
Number of stock options exercisable (in shares) | shares | 415,065 |
Options exercisable, Weighted-average remaining contractual life | 4 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 33.49 |
Range of Exercise Prices $35.01 - $40.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 35.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 40 |
Range of Exercise Prices $35.01 - $40.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 1,503,054 |
Options outstanding, Weighted-average remaining contractual term | 7 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 38.77 |
Number of stock options exercisable (in shares) | shares | 786,480 |
Options exercisable, Weighted-average remaining contractual life | 6 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 38.65 |
Range of Exercise Prices $40.01 to $45.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 40.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 45 |
Range of Exercise Prices $40.01 to $45.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 1,006,518 |
Options outstanding, Weighted-average remaining contractual term | 3 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 42.22 |
Number of stock options exercisable (in shares) | shares | 1,001,942 |
Options exercisable, Weighted-average remaining contractual life | 3 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 42.22 |
Range of Exercise Prices $45.01 to $50.00 | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 45.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 50 |
Range of Exercise Prices $45.01 to $50.00 | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 863,829 |
Options outstanding, Weighted-average remaining contractual term | 5 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 48.55 |
Number of stock options exercisable (in shares) | shares | 676,675 |
Options exercisable, Weighted-average remaining contractual life | 5 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 48.61 |
Range of Exercise Prices $50.01 and above | |
Exercise prices for stock options outstanding and exercisable: | |
Exercise prices, outstanding stock option awards, low end of range (in dollars per share) | 50.01 |
Exercise prices, outstanding stock option awards, high end of range (in dollars per share) | $ 55 |
Range of Exercise Prices $50.01 and above | Employee And Non Employee Stock Option | |
Exercise prices for stock options outstanding and exercisable: | |
Number of stock options outstanding (in shares) | shares | 57,524 |
Options outstanding, Weighted-average remaining contractual term | 5 years |
Options outstanding, Weighted-average exercise price (in dollars per share) | $ 52.68 |
Number of stock options exercisable (in shares) | shares | 47,156 |
Options exercisable, Weighted-average remaining contractual life | 4 years |
Options exercisable, Weighted-average exercise price (in dollars per share) | $ 52.70 |
Stock-Based Compensation - Stoc
Stock-Based Compensation - Stock Award Activity (Details) - Employee And Non Employee Stock Option - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock option activity | |||
Total options outstanding, beginning of period (in shares) | 4,804,891 | 4,812,644 | 5,013,038 |
Granted (in shares) | 325,500 | 180,500 | 1,959,597 |
Exercised (in shares) | (22,264) | (45,170) | (1,986,937) |
Forfeited and canceled (in shares) | (308,872) | (143,083) | (173,054) |
Total options outstanding, end of period (in shares) | 4,799,255 | 4,804,891 | 4,812,644 |
Exercisable at end of period (in shares) | 3,386,174 | 3,045,000 | 2,510,947 |
Weighted-Average Exercise Price | |||
Total options outstanding, beginning of period (in dollars per share) | $ 39.48 | $ 43.40 | $ 41.80 |
Granted (in dollars per share) | 24.49 | 30.39 | 38.12 |
Exercised (in dollars per share) | 18.32 | 18.93 | 33.89 |
Forfeited and canceled (in dollars per share) | 34.79 | 41.58 | 48.99 |
Total options outstanding, end of period (in dollars per share) | 38.86 | 39.48 | 43.40 |
Exercisable at end of period (in dollars per share) | $ 39.99 | $ 39.42 | $ 38.76 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Disclosures (Details) - Employee And Non Employee Stock Option - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock-Based Compensation | |||
Tax benefits from stock options exercised | $ 304 | $ 173 | $ 6,989 |
Aggregate intrinsic value of our stock options exercised | $ 238 | $ 603 | $ 17,101 |
Stock-Based Compensation - St_2
Stock-Based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock-based compensation expense: | |||
Total stock-based compensation expense | $ 7,699 | $ 8,878 | $ 9,325 |
Research and development expenses | |||
Stock-based compensation expense: | |||
Total stock-based compensation expense | 530 | 551 | 465 |
Selling, general and administrative expenses | |||
Stock-based compensation expense: | |||
Total stock-based compensation expense | $ 7,169 | $ 8,327 | $ 8,860 |
Stock-Based Compensation - Valu
Stock-Based Compensation - Valuation of Stock Options (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Minimum | |||
Black-Scholes option valuation model assumptions | |||
Weighted-average grant-date fair value (in dollars per share) | $ 6.20 | $ 6.56 | $ 10.22 |
Maximum | |||
Black-Scholes option valuation model assumptions | |||
Weighted-average grant-date fair value (in dollars per share) | $ 8.32 | $ 11.63 | $ 14.49 |
Employee And Non Employee Stock Option | Minimum | |||
Black-Scholes option valuation model assumptions | |||
Risk-free interest rate | 0.48% | 0.25% | 1.83% |
Volatility factor | 29.91% | 24.32% | 23.58% |
Expected term of options | 4 years | 4 years | 5 years 8 months 12 days |
Employee And Non Employee Stock Option | Maximum | |||
Black-Scholes option valuation model assumptions | |||
Risk-free interest rate | 1.11% | 1.72% | 2.54% |
Volatility factor | 34.51% | 30.07% | 30.95% |
Expected term of options | 5 years 10 months 24 days | 5 years 10 months 24 days | 5 years 9 months 18 days |
Related Party Transactions - _2
Related Party Transactions - DISH Network - Overview (Details) | 1 Months Ended |
Feb. 28, 2017 | |
DISH Network | Preferred Tracking Stock | Hughes Retail Group | Satellite and Tracking Stock Transaction | |
Related party transactions | |
Percentage of economic interest held | 80.00% |
Related Party Transactions - _3
Related Party Transactions - Dish Network - DISH Network - Services and Other Revenue - DISH Network (Details) - DISH Network - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Principal Business | |||
Services and other revenue - DISH Network | $ 33,884 | $ 36,531 | $ 53,429 |
Trade accounts receivable - DISH Network | $ 4,244 | $ 5,612 |
Related Party Transactions - _4
Related Party Transactions - Dish Network - Real Estate Leases to DISH Network (Details) - Related Party Transactions, Lessor, Operating Lease, Real Estate - DISH Network | 1 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2021 | |
100 Inverness Lease Agreement | ||
Related party transactions | ||
Required minimum notice for termination of agreement (days) | 180 days | |
Period for termination of agreement after lease extension | 30 days | |
Meridian Lease Agreement | ||
Related party transactions | ||
Period for termination of agreement after lease extension | 30 days |
Related Party Transactions - _5
Related Party Transactions - Dish Network - TerreStar Agreement (Details) - DISH Network - TerreStar Agreement | 1 Months Ended |
Dec. 31, 2017 | |
Related party transactions | |
Minimum termination notice period (days) | 21 days |
Required minimum notice for termination of agreement (days) | 90 days |
Related Party Transactions - _6
Related Party Transactions - Dish Network - Hughes Broadband Distribution Agreement (Details) - Hughes Broadband Distribution Agreement | 1 Months Ended |
Oct. 31, 2012 | |
Related party transactions | |
Agreement term (in years) | 5 years |
Automatic renewal period (in years) | 1 year |
Required minimum notice for termination of agreement (days) | 180 days |
Related Party Transactions - _7
Related Party Transactions - Dish Network - DBSD North America Agreement (Details) - DISH Network - DBSD North America Agreement | 1 Months Ended | ||
Feb. 28, 2022 | Feb. 28, 2019 | Dec. 31, 2017 | |
Related party transactions | |||
Required minimum notice for termination of agreement (days) | 120 days | ||
Minimum termination notice period (days) | 21 days | ||
Forecast | |||
Related party transactions | |||
Minimum termination notice period (days) | 180 days |
Related Party Transactions - _8
Related Party Transactions - Dish Network - Hughes Equipment and Services Agreement (Details) - DISH Network - Hughes Equipment And Service Agreement | 1 Months Ended |
Feb. 28, 2019 | |
Related party transactions | |
Agreement term (in years) | 5 years |
Automatic renewal period (in years) | 1 year |
Required minimum notice for termination of agreement (days) | 180 days |
Minimum termination notice period (days) | 365 days |
Related Party Transactions - _9
Related Party Transactions - Dish Network - Operating Expenses - DISH Network (Details) - DISH Network - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Related party transactions | |||
Operating expenses - DISH Network | $ 5,935 | $ 5,793 | $ 5,198 |
Trade accounts payable - DISH Network | $ 503 | $ 752 |
Related Party Transactions -_10
Related Party Transactions - Dish Network - Amended and Restated Professional Services Agreement (Details) - DISH Network - Amended and Restated Professional Services Agreement | 1 Months Ended |
Jan. 31, 2010 | |
Related party transactions | |
Automatic renewal period (in years) | 1 year |
Required minimum notice for termination of agreement (days) | 60 days |
Required minimum notice for termination of individual service (days) | 30 days |
Related Party Transactions -_11
Related Party Transactions - Dish Network - Real Estate Leases From DISH Network (Details) - Related Party Transactions, Lessee, Operating Lease, Real Estate - DISH Network | 1 Months Ended | |||
Mar. 31, 2021 | Aug. 31, 2017 | Nov. 30, 2021 | Aug. 31, 2018 | |
Cheyenne Lease Agreement | ||||
Related party transactions | ||||
Term of contract (in years) | 1 year | |||
Renewal term | 1 year | 1 year | ||
Renewal term, additional years | 3 years | |||
American Fork Occupancy License Agreement | ||||
Related party transactions | ||||
Agreement term (in years) | 5 years |
Related Party Transactions -_12
Related Party Transactions - Dish Network - Collocation and Antenna Space Agreements (Details) - DISH Network - Collocation and Antenna Space Agreements - renewal | 1 Months Ended | |||
Mar. 31, 2021 | Sep. 30, 2019 | Aug. 31, 2017 | Aug. 31, 2015 | |
Related party transactions | ||||
Number of renewal terms | 4 | |||
Term of renewal option (in years) | 3 years | 3 years | ||
Termination notice required (days) | 180 days | |||
Cheyenne, Wyoming | ||||
Related party transactions | ||||
Number of renewal terms | 4 | |||
Term of renewal option (in years) | 3 years | |||
Agreement term (in years) | 5 years | |||
Cheyenne, Wyoming And Gilbert, Arizona | ||||
Related party transactions | ||||
Number of renewal terms | 4 | |||
Term of renewal option (in years) | 3 years | |||
Agreement term (in years) | 5 years | |||
Maximum | ||||
Related party transactions | ||||
Required renewal notice (days) | 120 days | |||
Maximum | Cheyenne, Wyoming | ||||
Related party transactions | ||||
Required renewal notice (days) | 120 days | |||
Maximum | Cheyenne, Wyoming And Gilbert, Arizona | ||||
Related party transactions | ||||
Required renewal notice (days) | 120 days | |||
Minimum | ||||
Related party transactions | ||||
Required renewal notice (days) | 90 days | |||
Minimum | Cheyenne, Wyoming | ||||
Related party transactions | ||||
Required renewal notice (days) | 90 days | |||
Minimum | Cheyenne, Wyoming And Gilbert, Arizona | ||||
Related party transactions | ||||
Required renewal notice (days) | 90 days |
Related Party Transactions -_13
Related Party Transactions - Dish Network - Hughes Broadband Master Services Agreement (Details) - DISH Network - Hughes Broadband Master Services Agreement - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Related party transactions | ||||
Automatic renewal period (in years) | 1 year | |||
Required minimum notice for termination of agreement (days) | 90 days | |||
Sales commissions and fees | $ 8.4 | $ 16.6 | $ 17.1 |
Related Party Transactions -_14
Related Party Transactions - Dish Network - 2019 TT&C Agreement (Details) - DISH Network - TT&C Agreement | 1 Months Ended | |
Jun. 30, 2021 | Sep. 30, 2019 | |
Related party transactions | ||
Term of renewal option (in years) | 3 years | 1 year |
Required renewal notice (days) | 90 days | |
Termination notice required (months) | 12 months |
Related Party Disclosures - DIS
Related Party Disclosures - DISH Network - Referral Marketing Agreement (Details) | 1 Months Ended |
Jun. 30, 2021 | |
DISH Network | Referral Marketing Agreement | |
Related party transactions | |
Termination notice | 90 days |
Related Party Transactions -_15
Related Party Transactions - Dish Network - Other Receivables - DISH Network (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Related party transactions | ||
Other receivables - DISH Network | $ 12,705 | $ 0 |
Other receivables - DISH Network, noncurrent | 77,920 | 92,680 |
DISH Network | ||
Related party transactions | ||
Other receivables - DISH Network | 12,705 | 0 |
Other receivables - DISH Network, noncurrent | $ 77,920 | $ 92,680 |
Related Party Transactions -_16
Related Party Transactions - Dish Network - Tax Sharing Agreement (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Related party transactions | |||
Income tax provision (benefit) | $ 65,626 | $ 24,069 | $ 20,488 |
DISH Network | |||
Related party transactions | |||
Income tax provision (benefit) | $ 2,200 | $ 1,600 |
Related Party Transactions -_17
Related Party Transactions - Dish Network - Other Agreements (Details) - shares | 1 Months Ended | |
Sep. 30, 2019 | May 31, 2019 | |
Common Class A | DISH Network | ||
Related party transactions | ||
Entity shares issued per acquiree share (in shares) | 0.23523769 | 0.23523769 |
Related Party Transactions -_18
Related Party Transactions - Other (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Hughes Systique | |||
Related party transactions | |||
Ownership interest in related party (as a percent) | 42.00% | ||
Ownership interest percentage by related party | 25.00% | ||
TerreStar Solutions, Inc. | |||
Related party transactions | |||
Investment nonvoting interest ownership percentage(at least) | 15.00% | ||
Revenue from related parties | $ 1,900,000 | $ 4,400,000 | $ 12,500,000 |
Trade accounts receivable - DISH Network | 400,000 | ||
Global IP Revenue | |||
Related party transactions | |||
Trade accounts receivable - DISH Network | 7,500,000 | 7,500,000 | |
Maxar Technologies Inc. | |||
Related party transactions | |||
Aggregate costs payable | 19,700,000 | 23,900,000 | $ 90,300,000 |
Trade accounts payable - DISH Network | $ 0 | $ 0 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Commitments (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Operating Leases | |
Total future minimum lease payments | $ 202,345 |
2022 | 24,014 |
2023 | 23,479 |
2024 | 20,278 |
2025 | 16,428 |
2026 | 15,564 |
Thereafter | 102,582 |
Finance Leases | |
Total future minimum lease payments | 130 |
2022 | 130 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
2026 | 0 |
Thereafter | 0 |
Continuing Operations | |
Contractual Obligation, Fiscal Year Maturity [Abstract] | |
Total | 2,489,963 |
2022 | 254,050 |
2023 | 137,389 |
2024 | 132,046 |
2025 | 128,612 |
2026 | 1,626,279 |
Thereafter | 211,587 |
Operating Leases | |
Total future minimum lease payments | 202,345 |
2022 | 24,014 |
2023 | 23,479 |
2024 | 20,278 |
2025 | 16,428 |
2026 | 15,564 |
Thereafter | 102,582 |
Finance Leases | |
Total future minimum lease payments | 130 |
2022 | 130 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
2026 | 0 |
Thereafter | 0 |
Continuing Operations | Long-term debt | |
Contractual Obligation, Fiscal Year Maturity [Abstract] | |
Total | 1,500,000 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
2026 | 1,500,000 |
Thereafter | 0 |
Continuing Operations | Interest on long-term debt and capital lease obligations | |
Contractual Obligation, Fiscal Year Maturity [Abstract] | |
Total | 445,315 |
2022 | 89,063 |
2023 | 89,063 |
2024 | 89,063 |
2025 | 89,063 |
2026 | 89,063 |
Thereafter | 0 |
Continuing Operations | Satellite-related obligations | |
Contractual Obligation, Fiscal Year Maturity [Abstract] | |
Total | 342,173 |
2022 | 140,843 |
2023 | 24,847 |
2024 | 22,705 |
2025 | 23,121 |
2026 | 21,652 |
Thereafter | $ 109,005 |
Commitments and Contingencies_2
Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions | Sep. 01, 2020 | Dec. 31, 2019 |
License Fee Dispute | ||
Penalties | ||
Payment schedule term (in years) | 10 years | |
Elbit | Hughes Network Systems | ||
Penalties | ||
Litigation settlement, amount awarded to other party | $ 33 |
Commitments and Contingencies_3
Commitments and Contingencies - Accrual For License Fee Dispute (Details) - License Fee Dispute - Hughes Network Systems - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Penalties | |||
Total accrual | $ 80,662 | $ 81,778 | |
Less: Payments | $ (2,975) | (8,451) | |
Additional license fees | |||
Penalties | |||
Total accrual | 3,812 | 3,890 | |
Penalties | |||
Penalties | |||
Total accrual | 3,912 | 3,992 | |
Interest and interest on penalties | |||
Penalties | |||
Total accrual | $ 81,389 | $ 76,871 |
Segment Reporting - Narrative (
Segment Reporting - Narrative (Details) | 12 Months Ended |
Dec. 31, 2021segment | |
Segment Reporting [Abstract] | |
Number of business segments | 2 |
Segment Reporting - Revenue, Ca
Segment Reporting - Revenue, Capital Expenditures, and EBITDA (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Total revenue | $ 1,985,720 | $ 1,887,907 | $ 1,886,081 |
Capital expenditures | 438,430 | 408,798 | 418,074 |
EBITDA | 702,541 | 616,875 | 577,599 |
Income (loss) from continuing operations before income taxes | 128,347 | (27,835) | (93,165) |
Interest income, net | (22,801) | (39,982) | (82,352) |
Interest expense, net of amounts capitalized | 95,512 | 147,927 | 251,016 |
Depreciation and amortization | 491,329 | 525,011 | 490,765 |
Less: Net loss (income) attributable to non-controlling interests | 10,154 | 11,754 | 11,335 |
All Other Segments and Eliminations | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 12,199 | 10,836 | 18,208 |
Intersegment Elimination | |||
Segment Reporting Information [Line Items] | |||
Total revenue | (384) | (1,161) | (1,126) |
Corporate and Other | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 11,815 | 9,675 | 17,082 |
Capital expenditures | 142,127 | 53,560 | 109,293 |
EBITDA | (88,468) | (118,606) | (55,055) |
Hughes segment | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 1,956,226 | 1,860,834 | 1,852,742 |
Hughes segment | Intersegment Elimination | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 0 | 0 | 0 |
Hughes segment | Operating segments | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 1,956,226 | 1,860,834 | 1,852,742 |
Capital expenditures | 296,303 | 355,197 | 308,781 |
EBITDA | 781,824 | 727,608 | 625,660 |
EchoStar Satellite Services segment | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 17,295 | 16,237 | 15,131 |
EchoStar Satellite Services segment | Intersegment Elimination | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 384 | 1,161 | 1,126 |
EchoStar Satellite Services segment | Operating segments | |||
Segment Reporting Information [Line Items] | |||
Total revenue | 17,679 | 17,398 | 16,257 |
Capital expenditures | 0 | 41 | 0 |
EBITDA | $ 9,185 | $ 7,873 | $ 6,994 |
Segment Reporting - Geographic
Segment Reporting - Geographic Information (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Geographic Information | ||
Long-lived assets | $ 3,333,121 | $ 3,399,105 |
North America | ||
Geographic Information | ||
Long-lived assets | 2,959,316 | 2,954,421 |
South and Central America | ||
Geographic Information | ||
Long-lived assets | 267,429 | 311,063 |
Other | ||
Geographic Information | ||
Long-lived assets | $ 106,376 | $ 133,621 |
Supplemental Financial Inform_3
Supplemental Financial Information - Schedule of Research and Development Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Research and development expenses | $ 31,777 | $ 29,448 | $ 25,739 |
Cost of sales - equipment | |||
Research and development expenses | 29,636 | 19,788 | 24,495 |
Research and development expenses | |||
Research and development expenses | $ 31,777 | $ 29,448 | $ 25,739 |
Supplemental Financial Inform_4
Supplemental Financial Information - Narrative (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Selling, general and administrative expenses | |||
Condensed Financial Statements, Captions [Line Items] | |||
Advertising expense | $ 82.4 | $ 65.1 | $ 88.2 |
Supplemental Financial Inform_5
Supplemental Financial Information - Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Cash and cash equivalents | $ 535,894 | $ 896,005 | $ 1,519,431 | $ 928,306 |
Restricted cash | 980 | 807 | 2,458 | 1,189 |
Total cash and cash equivalents, included restricted amounts, beginning of period | $ 536,874 | $ 896,812 | $ 1,521,889 | $ 929,495 |
Supplemental Financial Inform_6
Supplemental Financial Information - Other Current Assets, Net and Other Non-current Assets, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Other current assets, net: | ||||
Trade accounts receivable - DISH Network | $ 4,244 | $ 5,612 | ||
Inventory | 103,084 | 97,992 | ||
Prepaids and deposits | 57,287 | 55,381 | ||
Other receivables - DISH Network | 12,705 | 0 | ||
Other, net | 21,124 | 30,836 | ||
Total other current assets | 198,444 | 189,821 | $ 179,531 | |
Other non-current assets, net: | ||||
Other receivables - DISH Network, noncurrent | 77,920 | 92,680 | ||
Restricted marketable investment securities | 13,262 | 9,090 | ||
Restricted cash | 980 | 807 | ||
Deferred tax assets, net | 5,417 | 1,781 | ||
Capitalized software, net | 124,701 | 116,661 | ||
Contract acquisition costs, net | 82,986 | 99,837 | 113,592 | $ 114,306 |
Contract fulfillment costs, net | 1,721 | 2,580 | ||
Other, net | 31,254 | 29,485 | ||
Total other non-current assets, net | $ 338,241 | $ 352,921 | $ 334,841 |
Supplemental Financial Inform_7
Supplemental Financial Information - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2020 | |
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | $ 15,386 | $ 23,777 | $ 16,604 | |
Credit losses | 22,591 | 18,582 | 30,027 | |
Foreign currency translation | 154 | (942) | (1,022) | |
Deductions | (23,543) | (26,031) | (21,832) | |
Balance at end of period | 14,588 | 15,386 | 23,777 | |
Adoption of ASC 326 Increase (Decrease) | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Other current assets and other non-current assets | $ 13,400 | |||
Other current assets, net | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 1,747 | 0 | ||
Credit losses | 0 | 1,595 | ||
Foreign currency translation | (1,747) | 152 | ||
Deductions | 0 | 0 | ||
Balance at end of period | 0 | 1,747 | 0 | |
Other non-current assets, net | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 12,869 | 0 | ||
Credit losses | 3,328 | 13,378 | ||
Foreign currency translation | 1,159 | (509) | ||
Deductions | (647) | 0 | ||
Balance at end of period | $ 16,709 | $ 12,869 | $ 0 |
Supplemental Financial Inform_8
Supplemental Financial Information - Accrued Expenses and Other Current Liabilities and Other Non-Current Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Accrued expenses and other current liabilities: | ||
Accrued interest | $ 39,395 | $ 42,388 |
Accrued compensation | 63,935 | 62,299 |
Accrued taxes | 11,738 | 20,297 |
Operating lease obligation | 16,781 | 14,699 |
Accrual for license fee dispute | 11,178 | 81,778 |
Other | 65,912 | 77,786 |
Accrued expenses and other current liabilities | 209,442 | 299,999 |
Accounts Payable and Accrued Liabilities, Noncurrent [Abstract] | ||
Accrual for license fee dispute | 69,484 | 0 |
Other | 66,942 | 70,893 |
Total other non-current liabilities | $ 136,426 | $ 70,893 |
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] | Accrued expenses and other current liabilities | Accrued expenses and other current liabilities |
DISH Network | ||
Accrued expenses and other current liabilities: | ||
Trade accounts payable - DISH Network | $ 503 | $ 752 |
Supplemental Financial Inform_9
Supplemental Financial Information - Inventory (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Raw materials | $ 13,778 | $ 4,564 |
Work-in-process | 11,705 | 8,280 |
Finished goods | 77,601 | 85,148 |
Total inventory | $ 103,084 | $ 97,992 |
Supplemental Financial Infor_10
Supplemental Financial Information - Capitalized Software Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed Financial Statements, Captions [Line Items] | |||
Net carrying amount of externally marketed software | $ 124,701 | $ 116,661 | |
Other non-current assets, net | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net carrying amount of externally marketed software | 124,701 | 116,661 | |
Externally marketed software under development and not yet placed into service | 57,357 | 72,047 | |
Capitalized costs related to development of externally marketed software | 33,543 | 38,655 | $ 29,310 |
Amortization expense relating to externally marketed software | $ 25,288 | $ 23,780 | $ 24,284 |
Weighted-average | |||
Condensed Financial Statements, Captions [Line Items] | |||
Software useful life (in years) | 4 years |
Supplemental Financial Infor_11
Supplemental Financial Information - Schedule of Noncash Investing and Financing Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Nov. 30, 2019 | |
Supplemental disclosure of cash flow information: | ||||
Cash paid for interest, net of amounts capitalized | $ 87,901 | $ 139,280 | $ 195,331 | |
Cash paid for income taxes | 29,420 | 15,254 | 3,575 | |
Non-cash investing and financing activities: | ||||
Employee benefits paid in Class A common stock | 7,125 | 6,921 | 6,654 | |
Increase (decrease) in capital expenditures included in accounts payable, net | 381 | (6,935) | (11,111) | |
Non-cash net assets received/exchanged | $ 0 | 0 | 94,918 | |
Yahsat | ||||
Non-cash investing and financing activities: | ||||
Equity ownership percentage | 20.00% | 20.00% | ||
Discontinued Operations | ||||
Non-cash investing and financing activities: | ||||
Non-cash net assets received/exchanged | $ 0 | 0 | 532,855 | |
Common Class A | ||||
Non-cash investing and financing activities: | ||||
Employee benefits paid in Class A common stock | $ 7,125 | $ 6,921 | $ 6,654 |
Subsequent Event (Details)
Subsequent Event (Details) - subsidiary | Jan. 04, 2022 | May 31, 2019 |
Subsequent Event [Line Items] | ||
Number of existing subsidiaries | 2 | |
Subsequent Event | VSAT | Bharti | ||
Subsequent Event [Line Items] | ||
Ownership interest | 33.00% |