Hughes Satellite Systems 10-Q 15 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	May 13, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	333-179121
Entity Registrant Name	Hughes Satellite Systems Corporation
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	45-0897865
Entity Address, Address Line One	9601 South Meridian Boulevard
Entity Address, City or Town	Englewood,
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112-5308
City Area Code	(303)
Local Phone Number	723-1000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,078
Entity Central Index Key	0001533758
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 251,955	$ 1,276,623
Marketable investment securities	7,574	417,743
Trade accounts receivable and contract assets, net	222,037	233,915
Prepaids and other assets	46,340	24,769
Inventory	168,591	167,236
Other current assets, net	13,753	18,562
Total current assets	710,250	2,138,848
Non-current assets:
Property and equipment, net	1,227,706	1,250,074
Operating lease right-of-use assets	1,004,285	1,031,303
Regulatory authorizations, net	407,385	407,819
Other intangible assets, net	12,832	13,401
Other investments, net	49,804	54,137
Other non-current assets, net	278,242	303,962
Total non-current assets	2,980,254	3,060,696
Total assets	3,690,504	5,199,544
Current liabilities:
Trade accounts payable	92,337	101,163
Contract liabilities	101,148	116,187
Accrued interest	15,533	39,075
Accrued compensation	30,461	38,333
Accrued expenses	58,504	45,863
Operating lease liabilities, current	99,485	155,932
Other current liabilities	38,943	240,128
Current portion of long-term debt and other notes payable	6,570	5,225
Total current liabilities	442,981	741,906
Non-current liabilities:
Long-term debt and other notes payable, net of current portion	1,536,631	1,538,978
Deferred tax liabilities, net	222,269	252,820
Operating lease liabilities, non-current	810,558	897,084
Other non-current liabilities	85,545	89,667
Total non-current liabilities	2,655,003	2,778,549
Total liabilities	3,097,984	3,520,455
Commitments and Contingencies (Note 13)
Shareholder's equity:
Preferred stock, $0.001 par value,1,000,000 shares authorized, none issued and outstanding at both March 31, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value, 1,000,000 shares authorized, 1,078 shares issued and outstanding at both March 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	1,485,057	1,484,064
Accumulated other comprehensive income (loss)	(159,669)	(152,491)
Accumulated earnings (losses)	(794,734)	279,885
Total Hughes Satellite Systems Corporation shareholder's equity	530,654	1,611,458
Non-controlling interests	61,866	67,631
Total shareholder's equity	592,520	1,679,089
Total liabilities and shareholder's equity	$ 3,690,504	$ 5,199,544

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Shareholder's equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, shares issued (in shares)	1,078	1,078
Common stock, shares outstanding (in shares)	1,078	1,078

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 380,004	$ 437,824
Costs and expenses (exclusive of depreciation and amortization):
Selling, general and administrative expenses	103,652	112,355
Depreciation and amortization	93,782	96,351
Total costs and expenses	424,264	394,416
Operating income (loss)	(44,260)	43,408
Other income (expense):
Interest income, net	17,015	17,948
Interest expense, net of amounts capitalized	(27,349)	(22,527)
Other, net (Note 5)	(1,424)	2,505
Total	(11,758)	(2,074)
Income (loss) before income taxes	(56,018)	41,334
Income tax benefit (provision), net	5,752	(14,706)
Net income (loss)	(50,266)	26,628
Less: Net loss (income) attributable to non-controlling interests	4,647	1,221
Net income (loss) attributable to HSSC	(45,619)	27,849
Services
Revenue:
Total revenue	319,504	375,754
Costs and expenses (exclusive of depreciation and amortization):
Cost of sales	170,450	134,039
Equipment sales and other revenue
Revenue:
Total revenue	60,500	62,070
Costs and expenses (exclusive of depreciation and amortization):
Cost of sales	$ 56,380	$ 51,671

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (50,266)	$ 26,628
Other comprehensive income (loss)
Foreign currency translation adjustments	(8,238)	9,296
Unrealized gains (losses) on available-for-sale securities	(262)	(88)
Amounts reclassified to net income (loss):
Realized losses (gains) on available-for-sale debt securities	204	0
Total other comprehensive income (loss), net of tax	(8,296)	9,208
Comprehensive income (loss)	(58,562)	35,836
Less: Comprehensive loss (income) attributable to non-controlling interests, net of tax	5,765	(747)
Comprehensive income (loss) attributable to HSSC	$ (52,797)	$ 35,089

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Earnings (Losses)	Non-controlling Interests
Beginning balance at Dec. 31, 2022	$ 2,147,863	$ 1,479,857	$ (170,184)	$ 741,754	$ 96,436
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	1,096	1,096
Other comprehensive income (loss)	9,208		7,240		1,968
Net income (loss)	26,628			27,849	(1,221)
Ending balance at Mar. 31, 2023	2,184,795	1,480,953	(162,944)	769,603	97,183
Beginning balance at Dec. 31, 2023	1,679,089	1,484,064	(152,491)	279,885	67,631
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	993	993
Dividend paid to EchoStar	(1,029,000)			(1,029,000)
Other comprehensive income (loss)	(8,296)		(7,178)		(1,118)
Net income (loss)	(50,266)			(45,619)	(4,647)
Ending balance at Mar. 31, 2024	$ 592,520	$ 1,485,057	$ (159,669)	$ (794,734)	$ 61,866

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ (50,266)	$ 26,628
Adjustments to reconcile net income (loss) to cash flows provided by (used for) operating activities:
Depreciation and amortization	93,782	96,351
Losses (gains) on investments, net	(200)	3
Equity in losses (earnings) of unconsolidated affiliates, net	1,333	551
Foreign currency transaction losses (gains), net	286	(3,030)
Deferred tax provision (benefit), net	(27,895)	5,333
Stock-based compensation	993	1,096
Amortization of debt issuance costs	216	204
(Accretion of discounts) and amortization of premiums on debt investments	(904)	(7,083)
Other, net	(7)	7,918
Changes in assets and liabilities, net:
Trade accounts receivable and contract assets, net	10,939	(18,086)
Other current assets, net	(16,989)	(15,203)
Trade accounts payable	(4,846)	(13,499)
Contract liabilities	(15,039)	7,553
Accrued expenses and other current liabilities	(274,367)	(28,719)
Non-current assets and non-current liabilities, net	(45,681)	(11,223)
Net cash provided by (used for) operating activities	(328,645)	48,794
Cash flows from investing activities:
Purchases of marketable investment securities	0	(226,068)
Sales and maturities of marketable investment securities	406,790	420,411
Expenditures for property and equipment	(68,526)	(47,025)
Purchase of regulatory authorizations	(6,335)	(6,962)
Dividend received from unconsolidated affiliate	3,000	0
Net cash provided by (used for) investing activities	334,929	140,356
Cash flows from financing activities:
Payment of in-orbit incentive obligations	(2,275)	(1,834)
Dividends to EchoStar Corporation	(1,029,000)	0
Other, net	1,058	0
Net cash provided by (used for) financing activities	(1,030,217)	(1,834)
Effect of exchange rates on cash and cash equivalents	(803)	1,669
Net increase (decrease) in cash and cash equivalents	(1,024,736)	188,985
Cash and cash equivalents, including restricted amounts, beginning of period (Note 5)	1,277,741	654,473
Cash and cash equivalents, including restricted amounts, end of period (Note 5)	$ 253,005	$ 843,458

ORGANIZATION AND BUSINESS ACTIV

ORGANIZATION AND BUSINESS ACTIVITIES	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS ACTIVITIES	ORGANIZATION AND BUSINESS ACTIVITIES Principal Business Hughes Satellite Systems Corporation (which, together with its subsidiaries, is referred to as “HSSC,” the “Company,” “we,” “us” and “our”) is a holding company and a subsidiary of EchoStar Corporation (“EchoStar” and “parent”). We were formed as a Colorado corporation in March 2011 to facilitate the acquisition by EchoStar (the “Hughes Acquisition”) of Hughes Communications, Inc. and its subsidiaries and related financing transactions. In connection with our formation, EchoStar contributed the assets and liabilities of its satellite services business to us, including the principal operating subsidiary of its satellite services business, EchoStar Satellite Services L.L.C. A substantial majority of the voting power of the shares of EchoStar is owned beneficially by Charles W. Ergen, our Chairman, and by certain entities established for the benefit of his family. During 2022, Hamid Akhavan joined the Company as its Chief Executive Officer and President. We are an industry leader in both networking technologies and services, innovating to deliver the solutions that power a connected future for people, enterprises and things everywhere. We provide broadband services to consumer customers, which include home and small to medium-sized businesses. We also provide satellite and multi-transport technologies and managed network services to telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers. The EchoStar XXIV satellite began service in December 2023, bringing additional broadband capacity to North and South America. We will leverage EchoStar XXIV to serve the unserved and underserved consumer markets in the Americas as well as enterprise and government markets. We also design, provide and install gateway and terminal equipment to customers for other satellite systems. In addition, we design, develop, construct and provide telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and other enterprise customers. We also offer a robust suite of integrated, multi-transport solutions to enable airline and airline service providers to deliver reliable in-flight network connectivity serving both commercial and business aviation. We currently operate in two operating segments with one reportable segment and Corporate and Other: • Hughes segment — which provides broadband services to consumer customers, which include home and small to medium-sized businesses. We also provide satellite and multi-transport technologies and managed network services to telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers. We also design, provide and install gateway and terminal equipment to customers for other satellite systems. In addition, we design, develop, construct and provide telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and other enterprise customers. We also offer a robust suite of integrated, multi-transport solutions to enable airline and airline service providers to deliver reliable in-flight network connectivity serving both commercial and business aviation. The EchoStar XXIV satellite began service in December 2023, bringing additional broadband capacity across North and South America and is expected to be an integral part of our satellite service business. • EchoStar Satellite Services segment (“ESS segment”) — which provides 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. We operate our ESS business using primarily the EchoStar IX satellite and the EchoStar 105/SES-11 satellite and related infrastructure. Our operations include various corporate functions (primarily Executive, Treasury, Strategic Development, Human Resources, Information Technology, Finance, Accounting, Real Estate and Legal) and other activities. Operating expenses include costs incurred in certain satellite development programs and other business development activities, and other income or expenses includes 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. As of March 31, 2024, the ESS operating segment did not meet the quantitative thresholds as prescribed under ASC 280, Segment Reporting , for separate reportable segments, and is not expected to meet the quantitative thresholds or be of continuing significance in the future. As such, the ESS operating segment is no longer considered a reportable segment and we included the ESS operating segment results in Corporate and Other for all periods presented. 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 14. Segment Reporting for further detail . On December 31, 2023, EchoStar completed the acquisition of DISH Network pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 (the “Amended Merger Agreement”), by and among EchoStar, EAV Corp., a Nevada corporation and its wholly owned subsidiary (“Merger Sub”), and DISH Network, pursuant to which EchoStar acquired DISH Network by means of the merger of Merger Sub with and into DISH Network (the “Merger”), with DISH Network surviving the Merger as EchoStar’s wholly owned subsidiary. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10‑K for the year ended December 31, 2023. With the Merger complete, EchoStar is currently focused on the process of integrating EchoStar’s and DISH Network’s business in a manner that facilitates synergies, cost savings and growth opportunities, and achieves other anticipated benefits (the “Integration”).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared under GAAP. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Our results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023. Certain prior period amounts have been reclassified to conform to the current period presentation. Principles of Consolidation We consolidate all majority owned subsidiaries, investments in entities in which we have controlling influence and VIEs where we have been determined to be the primary beneficiary. Minority interests are recorded as noncontrolling interests. Non-consolidated investments are accounted for using the equity method when we have the ability to significantly influence the operating decisions of the investee. When we do not have the ability to significantly influence the operating decisions of an investee, these equity securities are classified as either marketable investment securities or other investments, which will be initially recorded at cost, and based on observable market prices, will be adjusted to their fair value. We record fair value adjustments in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations. All significant intercompany accounts and transactions have been eliminated in consolidation. All amounts presented in these Condensed Consolidated Financial Statements are expressed in thousands of U.S. dollars, except share and per share amounts and unless otherwise noted. Refer to Note 2. Summary of Significant Accounting Policies to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2023 for a summary and discussion of our significant accounting policies, except as updated below. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements. Estimates are based on historical experience, observable market inputs, and other reasonable assumptions in accounting for, among other things (i) inputs used to recognize revenue over time, including amortization periods for deferred contract acquisition costs and relative standalone selling prices of performance obligations; (ii) allowances for doubtful accounts and estimated credit losses on investments; (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) estimates of future cash flows used to evaluate and recognize impairments. Economic conditions may increase the inherent uncertainty in the estimates and assumptions indicated above. Actual results may differ from previously estimated amounts, and such differences may be material to our Condensed Consolidated Financial Statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected prospectively in the period they occur. Concentration of Credit Risk One customer represented approximately 17% and 19% of the balance of “Trade accounts receivable, net” as of March 31, 2024 and December 31, 2023, respectively. As part of our assessment for credit losses, for the quarter ended March 31, 2024, we determined that the collection of the balance owed from a significant customer was uncertain, resulting in a reduction in the “Trade accounts receivable and contract assets, net” balance on our Condensed Consolidated Balance Sheets. 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 on a straight-line basis. 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 Condensed Consolidated Balance Sheets and related amortization expense is included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations. Research and Development Research and development costs, not incurred in connection with customer requirements, are expensed as incurred and are included as a component of “Selling, general and administrative expenses” on our Condensed Consolidated Statements of Operations. 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 and other” in the Condensed Consolidated Statements of Operations. The following table presents the research and development costs incurred: For the three months ended March 31, 2024 2023 Cost of sales - equipment and other $ 11,212 $ 8,678 Research and development expenses $ 5,513 $ 8,256 Advertising Costs Fair Value Measurements We determine fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Market or observable inputs are the preferred source of values, followed by unobservable inputs or assumptions based on hypothetical transactions in the absence of market inputs. We apply the following hierarchy in determining fair value: a. Level 1, defined as observable inputs being quoted prices in active markets for identical assets; b. Level 2, defined as observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets and liabilities in active markets; and quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and c. Level 3, defined as unobservable inputs for which little or no market data exists, consistent with reasonably available assumptions made by other participants therefore requiring assumptions based on the best information available. As of March 31, 2024 and December 31, 2023, the carrying amount for cash and cash equivalents, trade accounts receivable (net of allowance for credit losses) and contract assets, and current liabilities (excluding the “Current portion of long-term debt and other notes payable”) was equal to or approximated fair value due to their short-term nature or proximity to current market rates. Fair values of our marketable investment securities are measured on a recurring basis based on a variety of observable market inputs. For our investments in publicly traded equity securities and U.S. government securities, fair value ordinarily is determined based on Level 1 measurements that reflect quoted prices for identical securities in active markets. Fair values of our investments in other marketable debt securities are generally based on Level 2 measurements as the markets for such debt securities are less active. We consider trades of identical debt securities on or near the measurement date as a strong indication of fair value and matrix pricing techniques that consider par value, coupon rate, credit quality, maturity and other relevant features may also be used to determine fair value of our investments in marketable debt securities. Additionally, we use fair value measurements from time to time in connection with other investments, asset impairment testing and the assignment of purchase consideration to assets and liabilities of acquired companies. Those fair value measurements typically include significant unobservable inputs and are categorized within Level 3 of the fair value hierarchy. Transfers between levels in the fair value hierarchy are considered to occur at the beginning of the quarterly accounting period. There were no transfers between levels during the three months ended March 31, 2024 and 2023. See Note 5. Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments for the fair value of our marketable investment securities. Fair values for our publicly traded debt securities are based on quoted market prices, when available. The fair values of private debt are based on, among other things, available trade information, and/or an analysis in which we evaluate market conditions, related securities, various public and private offerings, and other publicly available information. In performing this analysis, we make various assumptions regarding, among other things, credit spreads, and the impact of these factors on the value of the debt securities. See Note 9. Long-Term Debt and Other Notes Payable for the fair value of our long-term debt. Government Funding The Company is currently participa ting in three government programs: New York-Connect America Fund, New York Broadband, and Affordable Connectivity Plan (terminated in February 2024). The purpose of these programs is to provide internet and connectivity services to qualifying households in the United States. The Company is entitled to reimbursement from the government for services provided. We record gross monies received from government entities in “Service revenue”, and associated expenses such as salaries and supplies are recorded in “Cost of services”, or “Selling, general and administrative expenses”, on our Condensed Consolidated Statement of Operations, depending on the nature of e xpenditure. We accrue for reimbursement requests submitted to government entities in “Trade accounts receivable and contract assets, net” on our Condensed Consolidated Balance Sheets . During the three months ended March 31, 2024, the Company recognized $4.7 million in “Service revenue” on our Condensed Consolidated Statement of Operations. As of March 31, 2024, we have trade accounts receivable of $2.8 million related to our government programs on our Condensed Consolidated Balance Sheets. Recently Issued Accounting Pronouncements Not Yet Adopted Income Taxes - Improvements to Income Tax Disclosures On December 14, 2023, the FASB issued ASU 2023-9, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which will enhance income tax disclosures. ASU 2023-09 requires among other items disaggregated information in a reporting entity’s rate reconciliation table, clarification on uncertain tax positions and the related financial statement impact as well as information on income taxes paid on a disaggregated basis. This standard will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023‑09 will have on our Condensed Consolidated Financial Statements and related disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures On November 27, 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reporting Segment Disclosures (“ASU 2023-07”), which will enhance financial reporting by providing additional information about a public company’s significant segment expenses and more timely and detailed segment information reporting throughout the fiscal period. This standard will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023-07 will have on our Condensed Consolidated Financial Statements and related disclosures. Business Combinations - Joint Venture Formations On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60) (“ASU 2023-05”), which requires an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (ASC) master glossary to apply a new basis of accounting upon the formation of the joint venture. This standard will be effective for all joint venture formations with a formation date on or after January 1, 2025. A joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. Early adoption is permitted in any interim or annual period in which financial statements have not yet been issued or made available for issuance. We are evaluating the impact the adoption of ASU 2023-05 will have on our Condensed Consolidated Financial Statements and related disclosures.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Contract Balances Contract assets arise when we recognize revenue for providing a service in advance of billing our customers. Our contract assets typically relate to our long-term contracts where we recognize revenue using the cost-based input method and the revenue recognized exceeds the amount billed to the customer. Our contract assets also include receivables related to sales-type leases recognized over the lease term as the customer is billed. Contract assets are amortized as the customer is billed for services. Contract assets are recorded in “Trade accounts receivable and contract assets, net” on our Condensed Consolidated Balance Sheets. Contract liabilities arise when we bill our customers and receive consideration in advance of providing the service. Contract liabilities are recognized as revenue when the service has been provided to the customer. Contract liabilities are recorded in “Contract liabilities” or “Other non-current liabilities” on our Condensed Consolidated Balance Sheets. The following table presents the components of our contract balances: As of March 31, 2024 December 31, 2023 Contract assets $ 72,292 $ 66,095 Contract liabilities: Current $ 101,148 $ 116,187 Non-current 6,616 7,401 Total contract liabilities $ 107,764 $ 123,588 The following table presents the revenue recognized in the Condensed Consolidated Statements of Operations that was previously included within contract liabilities: For the three months ended March 31, 2024 2023 Revenue $ 57,973 $ 60,963 The following table presents the activity in our allowance for doubtful accounts: For the three months ended March 31, 2024 Balance at beginning of period $ 20,399 Credit losses 9,151 Deductions (6,720) Foreign currency translation (26) Balance at end of period $ 22,804 Contract Acquisition Costs The following table presents the activity in our contract acquisition costs, net: For the three months ended March 31, 2024 2023 Balance at beginning of period $ 49,343 $ 64,447 Additions 13,040 11,973 Amortization expense (9,742) (16,638) Foreign currency translation (139) 452 Balance at end of period $ 52,502 $ 60,234 Performance Obligations As of March 31, 2024, the remaining performance obligations for our customer contracts was approximately $1.4 billion, compared to $1.7 billion as of December 31, 2023, a decrease of $0.3 billion. This decrease resulted from the evaluation of the credit worthiness of the portfolio. Performance obligations expected to be satisfied within one year and greater than one year are 29% and 71%, respectively. This amount and percentages exclude leasing agreements and agreements with consumer customers. Disaggregation of Revenue Geographic Information Revenue is attributed to geographic markets based upon the billing location of the customer. Substantially all of our revenue is related to our Hughes segment. The following tables present our revenue from customer contracts disaggregated by primary geographic market: For the three months ended March 31, 2024 2023 North America $ 307,848 $ 354,450 South and Central America 35,955 38,373 Other 36,201 45,001 Total revenue $ 380,004 $ 437,824 Nature of Products and Services The following tables present our revenue disaggregated by the nature of products and services. Substantially all of our revenue is related to our Hughes segment: For the three months ended March 31, 2024 2023 Service revenue: Services $ 312,949 $ 363,427 Lease revenue 6,555 12,327 Total service revenue 319,504 375,754 Equipment and other revenue: Equipment 35,132 20,965 Design, development and construction services 24,284 36,904 Lease revenue 1,084 4,201 Total equipment and other revenue 60,500 62,070 Total revenue $ 380,004 $ 437,824

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
LEASES	LEASES We enter into non-cancelable operating and finance leases for, among other things, satellites, satellite-related ground infrastructure, data centers, office space, warehouses and distribution centers. Our Eutelsat 65 West A, Telesat T19V and EchoStar 105/SES-11 satellites are accounted for as finance leases. Substantially all of our remaining leases are accounted for as operating leases, including our EchoStar XXIV satellite lease. Refer to Note 11. Related Party Transactions- EchoStar for further details on the EchoStar XXIV operating lease. The following table presents the amounts for right-of-use (“ROU”) assets and lease liabilities: As of March 31, 2024 December 31, 2023 Right-of-use assets: Operating $ 1,004,285 $ 1,031,303 Finance 210,958 218,807 Total right-of-use assets $ 1,215,243 $ 1,250,110 Lease liabilities: Current: Operating (1) $ 99,485 $ 155,932 Finance — — Total current 99,485 155,932 Non-current: Operating 810,558 897,084 Finance — — Total non-current 810,558 897,084 Total lease liabilities $ 910,043 $ 1,053,016 (1) The decrease in current operating lease liabilities is due to a prepayment related to the EchoStar XXIV satellite. As of March 31, 2024, we have prepaid our obligations regarding all of our finance right-of-use assets. Finance lease assets are reported net of accumulated amortization of $154.1 million and $149.6 million as of March 31, 2024 and December 31, 2023, 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 three months ended March 31, 2024 2023 Lease cost: Operating lease cost (1) $ 54,404 $ 6,548 Finance lease cost: Amortization of right-of-use assets 4,523 7,141 Interest on lease liabilities — — Total finance lease cost 4,523 7,141 Short-term lease cost — — Variable lease cost — — Total lease cost $ 58,927 $ 13,689 (1) The increase in operating lease cost is due to the EchoStar XXIV satellite lease, which was effective December 19, 2023. As of March 31, 2024 December 31, 2023 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.0 years 0.0 years Operating leases 7.2 years 7.5 years Weighted-average discount rate: Finance leases — % — % Operating leases 12.1 % 12.1 % Supplemental cash flow information related to leases was as follows: For the three months ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 170,259 $ 6,786 Operating cash flows from finance leases — — Financing cash flows from finance leases — — We did not obtain any ROU assets in exchange for lease liabilities upon commencement of operating leases during the three months ended March 31, 2024 and 2023, respectively. Maturities of lease liabilities as of March 31, 2024 were as follows: Operating Leases Year ending December 31, 2024 (remaining nine months) $ 79,359 2025 215,164 2026 213,369 2027 211,884 2028 209,961 2029 and beyond 480,350 Total future minimum lease payments 1,410,087 Less: Interest (500,044) Total lease liabilities $ 910,043 Lessor Accounting The following table presents our lease revenue by type of lease: For the three months ended March 31, 2024 2023 Sales-type lease revenue: Revenue at lease commencement $ 549 $ 3,754 Interest income 535 447 Total sales-type lease revenue 1,084 4,201 Operating lease revenue 6,555 12,327 Total lease revenue $ 7,639 $ 16,528 Substantially all of our net investment in sales-type leases consisted of lease receivables totaling $27.8 million and $30.4 million as of March 31, 2024 and December 31, 2023, respectively. The following table presents future operating lease payments to be received as of March 31, 2024: Amounts December 31, 2024 (remaining nine months) $ 6,415 2025 4,953 2026 3,567 2027 3,488 2028 672 2029 and beyond 177 Total lease payments to be received $ 19,272
LEASES	LEASES We enter into non-cancelable operating and finance leases for, among other things, satellites, satellite-related ground infrastructure, data centers, office space, warehouses and distribution centers. Our Eutelsat 65 West A, Telesat T19V and EchoStar 105/SES-11 satellites are accounted for as finance leases. Substantially all of our remaining leases are accounted for as operating leases, including our EchoStar XXIV satellite lease. Refer to Note 11. Related Party Transactions- EchoStar for further details on the EchoStar XXIV operating lease. The following table presents the amounts for right-of-use (“ROU”) assets and lease liabilities: As of March 31, 2024 December 31, 2023 Right-of-use assets: Operating $ 1,004,285 $ 1,031,303 Finance 210,958 218,807 Total right-of-use assets $ 1,215,243 $ 1,250,110 Lease liabilities: Current: Operating (1) $ 99,485 $ 155,932 Finance — — Total current 99,485 155,932 Non-current: Operating 810,558 897,084 Finance — — Total non-current 810,558 897,084 Total lease liabilities $ 910,043 $ 1,053,016 (1) The decrease in current operating lease liabilities is due to a prepayment related to the EchoStar XXIV satellite. As of March 31, 2024, we have prepaid our obligations regarding all of our finance right-of-use assets. Finance lease assets are reported net of accumulated amortization of $154.1 million and $149.6 million as of March 31, 2024 and December 31, 2023, 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 three months ended March 31, 2024 2023 Lease cost: Operating lease cost (1) $ 54,404 $ 6,548 Finance lease cost: Amortization of right-of-use assets 4,523 7,141 Interest on lease liabilities — — Total finance lease cost 4,523 7,141 Short-term lease cost — — Variable lease cost — — Total lease cost $ 58,927 $ 13,689 (1) The increase in operating lease cost is due to the EchoStar XXIV satellite lease, which was effective December 19, 2023. As of March 31, 2024 December 31, 2023 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.0 years 0.0 years Operating leases 7.2 years 7.5 years Weighted-average discount rate: Finance leases — % — % Operating leases 12.1 % 12.1 % Supplemental cash flow information related to leases was as follows: For the three months ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 170,259 $ 6,786 Operating cash flows from finance leases — — Financing cash flows from finance leases — — We did not obtain any ROU assets in exchange for lease liabilities upon commencement of operating leases during the three months ended March 31, 2024 and 2023, respectively. Maturities of lease liabilities as of March 31, 2024 were as follows: Operating Leases Year ending December 31, 2024 (remaining nine months) $ 79,359 2025 215,164 2026 213,369 2027 211,884 2028 209,961 2029 and beyond 480,350 Total future minimum lease payments 1,410,087 Less: Interest (500,044) Total lease liabilities $ 910,043 Lessor Accounting The following table presents our lease revenue by type of lease: For the three months ended March 31, 2024 2023 Sales-type lease revenue: Revenue at lease commencement $ 549 $ 3,754 Interest income 535 447 Total sales-type lease revenue 1,084 4,201 Operating lease revenue 6,555 12,327 Total lease revenue $ 7,639 $ 16,528 Substantially all of our net investment in sales-type leases consisted of lease receivables totaling $27.8 million and $30.4 million as of March 31, 2024 and December 31, 2023, respectively. The following table presents future operating lease payments to be received as of March 31, 2024: Amounts December 31, 2024 (remaining nine months) $ 6,415 2025 4,953 2026 3,567 2027 3,488 2028 672 2029 and beyond 177 Total lease payments to be received $ 19,272
LEASES	LEASES We enter into non-cancelable operating and finance leases for, among other things, satellites, satellite-related ground infrastructure, data centers, office space, warehouses and distribution centers. Our Eutelsat 65 West A, Telesat T19V and EchoStar 105/SES-11 satellites are accounted for as finance leases. Substantially all of our remaining leases are accounted for as operating leases, including our EchoStar XXIV satellite lease. Refer to Note 11. Related Party Transactions- EchoStar for further details on the EchoStar XXIV operating lease. The following table presents the amounts for right-of-use (“ROU”) assets and lease liabilities: As of March 31, 2024 December 31, 2023 Right-of-use assets: Operating $ 1,004,285 $ 1,031,303 Finance 210,958 218,807 Total right-of-use assets $ 1,215,243 $ 1,250,110 Lease liabilities: Current: Operating (1) $ 99,485 $ 155,932 Finance — — Total current 99,485 155,932 Non-current: Operating 810,558 897,084 Finance — — Total non-current 810,558 897,084 Total lease liabilities $ 910,043 $ 1,053,016 (1) The decrease in current operating lease liabilities is due to a prepayment related to the EchoStar XXIV satellite. As of March 31, 2024, we have prepaid our obligations regarding all of our finance right-of-use assets. Finance lease assets are reported net of accumulated amortization of $154.1 million and $149.6 million as of March 31, 2024 and December 31, 2023, 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 three months ended March 31, 2024 2023 Lease cost: Operating lease cost (1) $ 54,404 $ 6,548 Finance lease cost: Amortization of right-of-use assets 4,523 7,141 Interest on lease liabilities — — Total finance lease cost 4,523 7,141 Short-term lease cost — — Variable lease cost — — Total lease cost $ 58,927 $ 13,689 (1) The increase in operating lease cost is due to the EchoStar XXIV satellite lease, which was effective December 19, 2023. As of March 31, 2024 December 31, 2023 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.0 years 0.0 years Operating leases 7.2 years 7.5 years Weighted-average discount rate: Finance leases — % — % Operating leases 12.1 % 12.1 % Supplemental cash flow information related to leases was as follows: For the three months ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 170,259 $ 6,786 Operating cash flows from finance leases — — Financing cash flows from finance leases — — We did not obtain any ROU assets in exchange for lease liabilities upon commencement of operating leases during the three months ended March 31, 2024 and 2023, respectively. Maturities of lease liabilities as of March 31, 2024 were as follows: Operating Leases Year ending December 31, 2024 (remaining nine months) $ 79,359 2025 215,164 2026 213,369 2027 211,884 2028 209,961 2029 and beyond 480,350 Total future minimum lease payments 1,410,087 Less: Interest (500,044) Total lease liabilities $ 910,043 Lessor Accounting The following table presents our lease revenue by type of lease: For the three months ended March 31, 2024 2023 Sales-type lease revenue: Revenue at lease commencement $ 549 $ 3,754 Interest income 535 447 Total sales-type lease revenue 1,084 4,201 Operating lease revenue 6,555 12,327 Total lease revenue $ 7,639 $ 16,528 Substantially all of our net investment in sales-type leases consisted of lease receivables totaling $27.8 million and $30.4 million as of March 31, 2024 and December 31, 2023, respectively. The following table presents future operating lease payments to be received as of March 31, 2024: Amounts December 31, 2024 (remaining nine months) $ 6,415 2025 4,953 2026 3,567 2027 3,488 2028 672 2029 and beyond 177 Total lease payments to be received $ 19,272

MARKETABLE INVESTMENT SECURITIE

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS	MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS The following table presents our “Marketable investment securities”: As of March 31, 2024 December 31, 2023 Marketable investment securities: Available-for-sale debt securities: Corporate bonds $ 7,505 $ 91,548 Commercial paper — 282,898 Other debt securities 69 43,297 Total marketable investment securities $ 7,574 $ 417,743 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 March 31, 2024 Corporate bonds $ 7,500 $ 5 $ — $ 7,505 Commercial paper — — — — Other debt securities 69 — — 69 Total available-for-sale debt securities $ 7,569 $ 5 $ — $ 7,574 As of December 31, 2023 Corporate bonds $ 91,474 $ 79 $ (5) $ 91,548 Commercial paper 282,898 — — 282,898 Other debt securities 43,307 — (10) 43,297 Total available-for-sale debt securities $ 417,679 $ 79 $ (15) $ 417,743 The following table presents the activity on our available-for-sale debt securities: For the three months ended March 31, 2024 2023 Proceeds from sales $ 294,292 $ 38,109 As of March 31, 2024, all of our available-for-sale debt securities have contractual maturities of one year or less. Actual maturities may differ from contractual maturities as a result of our ability to sell these securities prior to maturity. Restricted Cash and Cash Equivalents We have restricted cash and cash equivalents of $1.1 million and $1.1 million as of March 31, 2024 and December 31, 2023, respectively. Our restricted cash and cash equivalents are included in “Other non-current assets, net” on our Condensed Consolidated Balance Sheets. Other Investments, net The following table presents our “Other investments, net”: As of March 31, 2024 December 31, 2023 Other investments, net: Equity method investments $ 38,526 $ 42,859 Cost method investments 11,278 11,278 Total other investments, net $ 49,804 $ 54,137 Equity Method Investments 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. Cost Method Investments Hughes Systique Corporation (“Hughes Systique”). We own 42% of Hughes Systique via preferred shares and contract with Hughes Systique for software development services. Prior to December 31, 2023, we consolidated Hughes Systique’s financial statements into our Condensed Consolidated Financial Statements. As of December 31, 2023, we have deconsolidated the Hughes Systique results from our Condensed Consolidated Financial Statements and recorded the investment as a cost method investment in “Other investments, net” on our Condensed Consolidated Balance Sheets. See our Annual Report on Form 10-K for the year ended December 31, 2023, Note 5. for further information. Fair Value Measurements Our investments measured at fair value on a recurring basis were as follows: Level 1 Level 2 Total As of March 31, 2024 Cash equivalents (including restricted) $ 17,418 $ 127,600 $ 145,018 Available-for-sale debt securities: Corporate bonds $ — $ 7,505 $ 7,505 Commercial paper — — — Other debt securities — 69 69 Total marketable investment securities $ — $ 7,574 $ 7,574 As of December 31, 2023 Cash equivalents (including restricted) $ 177,009 $ 999,347 $ 1,176,356 Available-for-sale debt securities: Corporate bonds $ — $ 91,548 $ 91,548 Commercial paper — 282,898 282,898 Other debt securities 38,799 4,498 43,297 Total marketable investment securities $ 38,799 $ 378,944 $ 417,743 As of March 31, 2024 and December 31, 2023, we did not have any investments that were categorized within, or transferred into or out of, Level 3 of the fair value hierarchy. Gains and Losses on Sales and Changes in Carrying Amounts of Investments and Other “Other, net” within “Other Income (Expense)” included on our Condensed Consolidated Statements of Operations is as follows: For the three months ended Other, net: 2024 2023 Marketable and non-marketable investment securities - realized and unrealized gains (loss) $ 200 $ (3) Equity in earnings (losses) of unconsolidated affiliates (1,333) (551) Foreign currency transaction gains (losses) (286) 3,030 Other (5) 29 Total $ (1,424) $ 2,505

Inventory

Inventory	3 Months Ended
	Mar. 31, 2024
Inventory, Net [Abstract]
INVENTORY	INVENTORY Inventory consisted of the following: As of March 31, 2024 December 31, 2023 Raw materials $ 44,031 $ 32,492 Work-in-process 30,247 32,832 Finished goods 94,313 101,912 Total inventory $ 168,591 $ 167,236

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and Equipment Property and equipment consisted of the following: Depreciable Life (In Years) As of March 31, 2024 December 31, 2023 Equipment leased to customers 2 to 4 $ 781,707 $ 883,565 Satellites (1) 5 to 15 1,218,499 1,506,541 Satellites acquired under finance lease agreements 15 365,057 368,384 Land — 13,518 13,547 Buildings and improvements 1 to 40 128,928 115,354 Furniture, fixtures, equipment and other 1 to 12 1,062,600 977,154 Construction in progress — 9,340 28,217 Total property and equipment 3,579,649 3,892,762 Accumulated depreciation (2,351,943) (2,642,688) Property and equipment, net $ 1,227,706 $ 1,250,074 (1) The Spaceway 3 satellite was deorbited in January 2024. Depreciation and amortization expense consisted of the following: For the three months ended March 31, 2024 2023 Equipment leased to customers $ 28,069 $ 43,236 Satellites 26,899 24,941 Buildings, furniture, fixtures, equipment and other 22,885 13,175 Software and computer equipment 6,602 6,995 Intangible assets and other amortization expense 9,327 8,004 Total depreciation and amortization expense $ 93,782 $ 96,351 Satellites As of March 31, 2024, our satellite fleet consisted of eight satellites in geosynchronous (“GEO”) orbit, approximately 22,300 miles above the equator, four of which we own and depreciate over their estimated useful life. We also lease four satellites, three of which are accounted for as finance leases and are depreciated over their economic life and one of which is accounted for as an operating lease. As of March 31, 2024, our satellite fleet in service consisted of the following: Satellites Segment Launch Date Degree Orbital Depreciable Life (In Years) Lease Termination Date Owned: EchoStar XVII Hughes July 2012 107 W 15 N/A EchoStar XIX Hughes December 2016 97.1 W 15 N/A Al Yah 3 (“AY3”) (1) Hughes January 2018 20 W 5 N/A EchoStar IX (2) (3) Corporate and Other August 2003 121 W 12 N/A Finance leases: Eutelsat 65 West A Hughes March 2016 65 W 15 July 2031 Telesat T19V Hughes July 2018 63 W 15 August 2033 EchoStar 105/SES-11 Corporate and Other October 2017 105 W 15 November 2028 Operating leases: EchoStar XXIV Hughes July 2023 95.2 W N/A December 2030 (1) Upon consummation of our joint venture with Al Yah Satellite Communications Company PrJSC (“Yahsat”) in Brazil in November 2019, we acquired the Brazilian Ka-band payload on this satellite with a remaining useful life of 7 years as of that time. In the second quarter of 2023 we reduced the estimated useful life of the satellite as a result of certain technical anomalies. In order to safeguard the future operability of the satellite, the Company has, in conjunction with recommendations from the satellite manufacturer, implemented immediate and long-term remedial actions. A revised estimate of the satellite’s remaining lifetime has been calculated using operational data of the first two quarters of 2023. The Company updated the remaining useful life of AY3 and related ground assets prospectively from April 1, 2023, to reflect the change in estimate. This has increased the depreciation expense for the current three month period by $3.7 million. The increase is expected to be $12.8 million for the year full year 2024. Although the anomalies are expected to shorten the remaining useful life of the satellite, they have not affected its current operation. (2) We own the Ka-band and Ku-band payloads on this satellite. (3) The Company placed the satellite in an inclined-orbit in the first quarter of 2023. Inclined-orbit will extend its life to enable further revenue generating opportunities. Satellite-Related Commitments As of March 31, 2024 and December 31, 2023 our satellite-related commitments, excluding in-orbit incentives, were $189.5 million and $193.3 million, respectively. These include payments pursuant to regulatory authorizations, non-lease costs associated with our finance lease 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 Except as described above, 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 three months ended March 31, 2024. 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. The insurance policies were procured by Yahsat, under which the Company and Yahsat are the beneficiaries of any claims in proportion to their shareholdings. An insurance claim was submitted in the second quarter of 2023 for compensation with respect to the reduction in estimated useful life of the Al Yah 3 satellite. Fair Value of In-Orbit Incentives

REGULATORY AUTHORIZATIONS

REGULATORY AUTHORIZATIONS	3 Months Ended
	Mar. 31, 2024
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, 2022 $ 11,331 $ (2,712) $ 8,619 $ 400,000 $ 408,619 Amortization expense — (215) (215) — (215) Currency translation adjustments 713 (168) 545 — 545 Balance, March 31, 2023 $ 12,044 $ (3,095) $ 8,949 $ 400,000 $ 408,949 Balance, December 31, 2023 $ 12,754 $ (4,935) $ 7,819 $ 400,000 $ 407,819 Amortization expense — (545) (545) — (545) Currency translation adjustments 98 13 111 — 111 Balance, March 31, 2024 $ 12,852 $ (5,467) $ 7,385 $ 400,000 $ 407,385 Weighted-average useful life (in years) 12

LONG-TERM DEBT AND OTHER NOTES

LONG-TERM DEBT AND OTHER NOTES PAYABLE	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT AND OTHER NOTES PAYABLE	LONG-TERM DEBT AND OTHER NOTES PAYABLE The following table summarizes the carrying amount and fair value of our debt facilities as of March 31, 2024 and December 31, 2023: As of March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Senior Secured Notes: 5 1/4% Senior Secured Notes due 2026 $ 750,000 $ 625,200 $ 750,000 $ 665,678 Senior Unsecured Notes: 6 5/8% Senior Unsecured Notes due 2026 750,000 445,875 750,000 591,525 Subtotal 1,500,000 1,071,075 1,500,000 1,257,203 Less: Unamortized debt issuance costs (2,176) — (2,391) — Other notes payable 45,377 — 46,594 — Total long-term debt and other notes payable (including current portion) $ 1,543,201 $ 1,544,203

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our income tax provision for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Our interim income tax provision and our interim estimate of our annual effective tax rate are influenced by several factors, including foreign losses and capital gains and losses for which related deferred tax assets are partially offset by a valuation allowance, changes in tax laws and relative changes in unrecognized tax benefits. Additionally, our effective tax rate can be affected by the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income or loss is lower.

RELATED PARTY TRANSACTIONS - EC

RELATED PARTY TRANSACTIONS - ECHOSTAR	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS - ECHOSTAR	RELATED PARTY TRANSACTIONS - ECHOSTAR The following is a summary of the transactions and the terms of the underlying principal agreements that have had or may have an impact on our consolidated financial condition and results of operations. Shared Corporate Services. We and EchoStar, including EchoStar’s other subsidiaries, have agreed that we shall each have the right, but not the obligation, to receive from the other certain shared corporate services, including among other things: treasury, tax, accounting and reporting, risk management, cybersecurity, legal, internal audit, human resources, and information technology. These shared corporate services are generally provided at cost. We and EchoStar, including EchoStar’s other subsidiaries, may each terminate a particular shared corporate service for any reason upon at least 30 days’ notice. We recorded these expenses within Operating expenses - EchoStar. Service revenue — EchoStar The following table presents our “Service revenue” from EchoStar: For the three months ended March 31, 2024 2023 Service revenue - EchoStar $ 1,214 $ 1,140 Receivables. EchoStar and its other subsidiaries reimburse us from time to time for amounts paid by us for costs and expenses attributable to EchoStar and its other subsidiaries. The following table presents the corresponding related party receivables: As of March 31, 2024 December 31, 2023 Related party receivables - EchoStar - non-current $ 60,841 $ 61,283 Operating Expenses — EchoStar The following table presents our operating expenses from EchoStar: For the three months ended March 31, 2024 2023 Operating expenses - EchoStar $ 20,478 $ 20,910 Payables. We reimburse EchoStar and its other subsidiaries from time to time for amounts paid by EchoStar and its other subsidiaries for costs and expenses attributable to us. The following table presents certain related party payables: As of March 31, 2024 December 31, 2023 Related party payables - EchoStar - current, net $ 17,915 $ 195,558 Related party payables - EchoStar - non-current 26,277 26,453 Total related party payables - EchoStar $ 44,192 $ 222,011 Operating lease liabilities - EchoStar - current 82,179 138,694 Operating lease liabilities - EchoStar - non-current 673,089 755,379 Total operating lease liabilities - EchoStar $ 755,268 $ 894,073 The Company settled its December 31, 2023 Related party payables - EchoStar - current, net with EchoStar in the first quarter of 2024. Real Estate. We occupy certain office space in buildings owned or leased by EchoStar and its other subsidiaries and pay a portion of the taxes, insurance, utilities and maintenance of the premises in accordance with the percentage of the space we occupy. Cash Advances. EchoStar and certain of its other subsidiaries have also provided cash advances to certain of our foreign subsidiaries to fund certain expenditures pursuant to loan agreements. Advances under these agreements bear interest at annual rates of three percent. Amounts payable under these agreements are included within Related party payables - EchoStar - non-current in the table above. EchoStar Mobile Limited Service Agreements. We provide services and lease equipment to support the business of EchoStar Mobile Limited, a subsidiary of EchoStar that is licensed by the EU to provide mobile satellite services and complementary ground component services covering the entire EU using S-band spectrum. Generally, the amounts EchoStar’s other subsidiaries pay for these services are based on cost plus a fixed margin. We recorded revenue in “Service revenue” of $1.2 million and $1.1 million for the three months ended March 31, 2024, and 2023, respectively, related to these services. Additionally, we have converted the receivables for certain of these services into loans, bearing an annual interest rate of 5%. These loans are included within Related party receivables - EchoStar - non-current in the table above. Construction Management Services for EchoStar XXIV satellite. In August 2017, a subsidiary of EchoStar entered into a contract with Maxar Space, LLC (formerly Space Systems/Loral, LLC), for the design and construction of the EchoStar XXIV satellite, a new, next-generation, high throughput geostationary satellite. We provide construction management services to EchoStar’s subsidiary for the construction of the EchoStar XXIV satellite. We charged EchoStar’s subsidiary and reduced our operating expenses by the costs of such services of $0.4 million for the three months ended March 31, 2023. The EchoStar XXIV satellite was placed into service in December 2023. No costs were incurred related to these services during the three months ended March 31, 2024. EchoStar XXIV Satellite Lease. Effective December 2023, we lease capacity of the EchoStar XXIV satellite under an operating lease from an affiliate of ours, EchoStar XXIV L.L.C., for a term of seven years for a monthly lease charge of $15.9 million. We prepaid $100.0 million in lease obligations under the agreement in March 2024 which is reflected in certain of the liabilities listed above. Dividends. On February 15, 2024, our Board of Directors declared and approved payment of a cash dividend on our outstanding common stock to our shareholder and parent, EchoStar, in the amount of $529 million. Payment of this dividend was made in the first quarter of 2024. On March 12, 2024, our Board of Directors declared and approved payment of a cash dividend on the Company’s outstanding common stock to our shareholder and parent, EchoStar, in the amount of $500 million. Payment of the dividend was made in the first quarter of 2024. TerreStar Agreement. In March 2012, DISH Network completed its acquisition of substantially all the assets of TerreStar Networks Inc. (“TerreStar”). Prior to the Merger, DISH Network owned a 40% interest in TerreStar Solutions, Inc. (“TSI”), a subsidiary of TerreStar. Following the Merger, DISH Network’s ownership of TSI was sold to our parent company, EchoStar, such that EchoStar now owns a 40% interest in TSI. Transactions with DISH Network Corporation . EchoStar and DISH Network operated as separate publicly-traded companies after 2008 (the “Spin-off”) and before the closing of the Merger. A substantial majority of the voting power of the shares of each of EchoStar and DISH Network is owned beneficially by Charles W. Ergen, our Chairman, and by certain entities established for the benefit of his family. At 11:59pm EST on December 31, 2023, EchoStar and DISH Network consummated a merger with DISH Network surviving as a wholly owned subsidiary of EchoStar. See Note 1 - Organization and Business Activities for further details on the merger with DISH Network. The following is a summary of the transactions and the terms of the underlying principal agreements that have had or may have an impact on our consolidated financial condition and results of operations. Service Revenue — DISH Network The following table presents our Services revenue - DISH Network: For the three months ended March 31, 2024 2023 Service revenue - DISH Network $ 2,407 $ 3,378 The following table presents the related trade accounts receivable: As of March 31, 2024 December 31, 2023 Trade accounts receivable - DISH Network $ 7,546 $ 5,038 Telesat Obligation 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. We transferred the Telesat Transponder Agreement to DISH Network in September 2019, 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. 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. 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. 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. 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 EchoStar’s 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. The price for warranty and operations and maintenance services was valid until December 31, 2023. We and DBSD North America amended the agreements for warranty, operations, and maintenance services for DBSD’s gateway and ground-based communications equipment, effective as of January 1, 2024, to extend the existing pricing and other terms through December 31, 2024. Hughes Equipment and Services Agreement . In February 2019, we and DISH Network entered into an agreement pursuant to which we will sell to DISH Network our HughesNet Service and HughesNet equipment that has been modified to meet DISH Network’s internet-of-things specifications for the transfer of data to DISH Network’s network operations centers. This agreement has an initial term of five years expiring February 2024 with automatic renewal for successive one-year terms unless terminated by DISH Network with at least 180 days’ written notice to us or by us with at least 365 days’ written notice to DISH Network. Operating Expenses — DISH Network The following table presents our operating expenses related to DISH Network: For the three months ended March 31, 2024 2023 Operating expenses - DISH Network $ 874 $ 1,120 The following table presents the related trade accounts payable: As of March 31, 2024 December 31, 2023 Trade accounts payable - DISH Network $ 2,085 $ 1,847 Amended and Restated Professional Services Agreement . In connection with the Spin-off, EchoStar entered into various agreements with DISH Network including a transition services agreement, satellite procurement agreement and services agreement, all of which expired in January 2010 and were replaced by a professional services agreement (the “Professional Services Agreement”). In January 2010, EchoStar and DISH Network agreed that EchoStar and its subsidiaries shall continue to have the right, but not the obligation, to receive the following services from DISH Network, among others, certain of which were previously provided under a transition services agreement: information technology, travel and event coordination, internal audit, legal, accounting and tax, benefits administration, program acquisition services and other support services. Additionally, EchoStar and DISH Network agreed that DISH Network would continue to have the right, but not the obligation, to engage EchoStar and its subsidiaries to manage the process of procuring new satellite capacity for DISH Network (previously provided under a satellite procurement agreement), receive logistics, procurement and quality assurance services from EchoStar and its subsidiaries (previously provided under a services agreement) and provide other support services. In connection with the consummation of the Share Exchange, EchoStar and DISH Network amended and restated the Professional Services Agreement (as amended to date, the “Amended and Restated Professional Services Agreement”) to provide that EchoStar and its subsidiaries and DISH Network shall have the right to receive additional services that either EchoStar and its subsidiaries or DISH Network may require as a result of the Share Exchange, including access to antennas owned by DISH Network for our use in performing TT&C services and maintenance and support services for our antennas (collectively, the “TT&C Antennas”). In September 2019, EchoStar and DISH Network further amended the Professional Services Agreement to provide that EchoStar and its subsidiaries and DISH Network shall have the right to receive additional services that either EchoStar and its subsidiaries or DISH Network may require. Additionally, the amended and Restated Professional Services Agreement, as further amended, removed our access to and the maintenance and support services for the TT&C Antennas. A portion of these costs and expenses have been allocated to us in the manner described above. The term of the Amended and Restated Professional Services Agreement is through January 1, 2025 and renews automatically for successive one-year periods thereafter, unless the agreement is terminated earlier by either party upon at least 60 days’ notice. We or DISH Network may generally terminate the Amended and Restated Professional Services Agreement in part with respect to any particular service it receives for any reason upon at least 30 days’ notice, unless the statement of work for particular services states otherwise. Certain services provided under the Amended and Restated Professional Services Agreement may survive the termination of the agreement. 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 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 effective May 2020. In November 2020, we provided a termination notice for one of our Englewood, Colorado agreements effective May 2021. 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. 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 May 2022, we exercised our right to renew such other agreements at Monee, Illinois and Spokane, Washington through August 2025. In March 2024, we provided a termination notice for our Spokane, Washington agreement, effective April 2024. 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 within 180 days’ prior written notice. The fees for the services provided under these agreements depend on the number of racks located at the location. 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 2024 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 $0.2 million and $0.7 million for the three months ended March 31, 2024 and 2023, respectively. 2019 TT&C Agreement . In September 2019, we and a subsidiary of EchoStar entered into an agreement pursuant to which DISH Network provides TT&C services to us and EchoStar and its other subsidiaries for a period ending in September 2021, with the option for a subsidiary of EchoStar to renew for a one-year period upon written notice at least 90 days prior to the initial expiration (the “2019 TT&C Agreement”). 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. We have exercised our option to renew the 2019 TT&C Agreement on several occasions, and its current term expires in September 2024. 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 may be terminated by either party upon 90 days’ prior written notice. Whidbey Island 5G Network Test Bed Subcontract . In June 2022, we and DISH Wireless entered into a subcontract (“DISH Subcontract”) pursuant to which DISH Wireless will provide access and use of a DISH Wireless lab, technical support and integration and testing support for the 5G network test bed to be delivered by Hughes to its customer. DISH Wireless additionally has agreed to lease certain licensed wireless spectrum to Hughes in connection with the project. Between June 2022 and October 2023 the scope of the DISH Subcontract has expanded to include additional spectrum leases and construction and related services work at Whidbey Island and the Lualualei Annex. Deluxe/EchoStar LLC We own 50% of 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. The following table summarizes our transactions with Deluxe: For the three months ended March 31, 2024 2023 Revenue from Deluxe $ 1,369 $ 1,332 As of March 31, 2024 December 31, 2023 Trade accounts receivable from Deluxe $ 1,063 $ 1,247 In March 2024, the Company received a $3.0 million dividend from Deluxe. Broadband Connectivity Solutions (Restricted) Limited We own 20% of 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. The following table summarizes our transactions with BCS: For the three months ended March 31, 2024 2023 Revenue from BCS $ 746 $ 822 As of March 31, 2024 December 31, 2023 Trade accounts receivable from BCS $ 3,954 $ 3,333 Hughes Systique Corporation We own 42% of Hughes Systique via preferred shares and contract with Hughes Systique for software development services. Prior to December 31, 2023, we consolidated Hughes Systique’s financial statements into our Condensed Consolidated Financial Statements. As of December 31, 2023, we have deconsolidated the Hughes Systique results from our Condensed Consolidated Financial Statements and recorded the investment as a cost method investment in “Other investments, net” on our Condensed Consolidated Balance Sheets. See our Annual Report on Form 10-K for the year ended December 31, 2023, Note 5. for further information. The table below summarizes our transactions with Hughes Systique: As of March 31, 2024 December 31, 2023 Amounts payable to Hughes Systique $ 1,483 $ 1,704 For the three months ended March 31, 2024 Purchases from Hughes Systique $ 4,596

RELATED PARTY TRANSACTIONS - OT

RELATED PARTY TRANSACTIONS - OTHER	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS - OTHER	RELATED PARTY TRANSACTIONS - ECHOSTAR The following is a summary of the transactions and the terms of the underlying principal agreements that have had or may have an impact on our consolidated financial condition and results of operations. Shared Corporate Services. We and EchoStar, including EchoStar’s other subsidiaries, have agreed that we shall each have the right, but not the obligation, to receive from the other certain shared corporate services, including among other things: treasury, tax, accounting and reporting, risk management, cybersecurity, legal, internal audit, human resources, and information technology. These shared corporate services are generally provided at cost. We and EchoStar, including EchoStar’s other subsidiaries, may each terminate a particular shared corporate service for any reason upon at least 30 days’ notice. We recorded these expenses within Operating expenses - EchoStar. Service revenue — EchoStar The following table presents our “Service revenue” from EchoStar: For the three months ended March 31, 2024 2023 Service revenue - EchoStar $ 1,214 $ 1,140 Receivables. EchoStar and its other subsidiaries reimburse us from time to time for amounts paid by us for costs and expenses attributable to EchoStar and its other subsidiaries. The following table presents the corresponding related party receivables: As of March 31, 2024 December 31, 2023 Related party receivables - EchoStar - non-current $ 60,841 $ 61,283 Operating Expenses — EchoStar The following table presents our operating expenses from EchoStar: For the three months ended March 31, 2024 2023 Operating expenses - EchoStar $ 20,478 $ 20,910 Payables. We reimburse EchoStar and its other subsidiaries from time to time for amounts paid by EchoStar and its other subsidiaries for costs and expenses attributable to us. The following table presents certain related party payables: As of March 31, 2024 December 31, 2023 Related party payables - EchoStar - current, net $ 17,915 $ 195,558 Related party payables - EchoStar - non-current 26,277 26,453 Total related party payables - EchoStar $ 44,192 $ 222,011 Operating lease liabilities - EchoStar - current 82,179 138,694 Operating lease liabilities - EchoStar - non-current 673,089 755,379 Total operating lease liabilities - EchoStar $ 755,268 $ 894,073 The Company settled its December 31, 2023 Related party payables - EchoStar - current, net with EchoStar in the first quarter of 2024. Real Estate. We occupy certain office space in buildings owned or leased by EchoStar and its other subsidiaries and pay a portion of the taxes, insurance, utilities and maintenance of the premises in accordance with the percentage of the space we occupy. Cash Advances. EchoStar and certain of its other subsidiaries have also provided cash advances to certain of our foreign subsidiaries to fund certain expenditures pursuant to loan agreements. Advances under these agreements bear interest at annual rates of three percent. Amounts payable under these agreements are included within Related party payables - EchoStar - non-current in the table above. EchoStar Mobile Limited Service Agreements. We provide services and lease equipment to support the business of EchoStar Mobile Limited, a subsidiary of EchoStar that is licensed by the EU to provide mobile satellite services and complementary ground component services covering the entire EU using S-band spectrum. Generally, the amounts EchoStar’s other subsidiaries pay for these services are based on cost plus a fixed margin. We recorded revenue in “Service revenue” of $1.2 million and $1.1 million for the three months ended March 31, 2024, and 2023, respectively, related to these services. Additionally, we have converted the receivables for certain of these services into loans, bearing an annual interest rate of 5%. These loans are included within Related party receivables - EchoStar - non-current in the table above. Construction Management Services for EchoStar XXIV satellite. In August 2017, a subsidiary of EchoStar entered into a contract with Maxar Space, LLC (formerly Space Systems/Loral, LLC), for the design and construction of the EchoStar XXIV satellite, a new, next-generation, high throughput geostationary satellite. We provide construction management services to EchoStar’s subsidiary for the construction of the EchoStar XXIV satellite. We charged EchoStar’s subsidiary and reduced our operating expenses by the costs of such services of $0.4 million for the three months ended March 31, 2023. The EchoStar XXIV satellite was placed into service in December 2023. No costs were incurred related to these services during the three months ended March 31, 2024. EchoStar XXIV Satellite Lease. Effective December 2023, we lease capacity of the EchoStar XXIV satellite under an operating lease from an affiliate of ours, EchoStar XXIV L.L.C., for a term of seven years for a monthly lease charge of $15.9 million. We prepaid $100.0 million in lease obligations under the agreement in March 2024 which is reflected in certain of the liabilities listed above. Dividends. On February 15, 2024, our Board of Directors declared and approved payment of a cash dividend on our outstanding common stock to our shareholder and parent, EchoStar, in the amount of $529 million. Payment of this dividend was made in the first quarter of 2024. On March 12, 2024, our Board of Directors declared and approved payment of a cash dividend on the Company’s outstanding common stock to our shareholder and parent, EchoStar, in the amount of $500 million. Payment of the dividend was made in the first quarter of 2024. TerreStar Agreement. In March 2012, DISH Network completed its acquisition of substantially all the assets of TerreStar Networks Inc. (“TerreStar”). Prior to the Merger, DISH Network owned a 40% interest in TerreStar Solutions, Inc. (“TSI”), a subsidiary of TerreStar. Following the Merger, DISH Network’s ownership of TSI was sold to our parent company, EchoStar, such that EchoStar now owns a 40% interest in TSI. Transactions with DISH Network Corporation . EchoStar and DISH Network operated as separate publicly-traded companies after 2008 (the “Spin-off”) and before the closing of the Merger. A substantial majority of the voting power of the shares of each of EchoStar and DISH Network is owned beneficially by Charles W. Ergen, our Chairman, and by certain entities established for the benefit of his family. At 11:59pm EST on December 31, 2023, EchoStar and DISH Network consummated a merger with DISH Network surviving as a wholly owned subsidiary of EchoStar. See Note 1 - Organization and Business Activities for further details on the merger with DISH Network. The following is a summary of the transactions and the terms of the underlying principal agreements that have had or may have an impact on our consolidated financial condition and results of operations. Service Revenue — DISH Network The following table presents our Services revenue - DISH Network: For the three months ended March 31, 2024 2023 Service revenue - DISH Network $ 2,407 $ 3,378 The following table presents the related trade accounts receivable: As of March 31, 2024 December 31, 2023 Trade accounts receivable - DISH Network $ 7,546 $ 5,038 Telesat Obligation 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. We transferred the Telesat Transponder Agreement to DISH Network in September 2019, 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. 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. 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. 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. 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 EchoStar’s 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. The price for warranty and operations and maintenance services was valid until December 31, 2023. We and DBSD North America amended the agreements for warranty, operations, and maintenance services for DBSD’s gateway and ground-based communications equipment, effective as of January 1, 2024, to extend the existing pricing and other terms through December 31, 2024. Hughes Equipment and Services Agreement . In February 2019, we and DISH Network entered into an agreement pursuant to which we will sell to DISH Network our HughesNet Service and HughesNet equipment that has been modified to meet DISH Network’s internet-of-things specifications for the transfer of data to DISH Network’s network operations centers. This agreement has an initial term of five years expiring February 2024 with automatic renewal for successive one-year terms unless terminated by DISH Network with at least 180 days’ written notice to us or by us with at least 365 days’ written notice to DISH Network. Operating Expenses — DISH Network The following table presents our operating expenses related to DISH Network: For the three months ended March 31, 2024 2023 Operating expenses - DISH Network $ 874 $ 1,120 The following table presents the related trade accounts payable: As of March 31, 2024 December 31, 2023 Trade accounts payable - DISH Network $ 2,085 $ 1,847 Amended and Restated Professional Services Agreement . In connection with the Spin-off, EchoStar entered into various agreements with DISH Network including a transition services agreement, satellite procurement agreement and services agreement, all of which expired in January 2010 and were replaced by a professional services agreement (the “Professional Services Agreement”). In January 2010, EchoStar and DISH Network agreed that EchoStar and its subsidiaries shall continue to have the right, but not the obligation, to receive the following services from DISH Network, among others, certain of which were previously provided under a transition services agreement: information technology, travel and event coordination, internal audit, legal, accounting and tax, benefits administration, program acquisition services and other support services. Additionally, EchoStar and DISH Network agreed that DISH Network would continue to have the right, but not the obligation, to engage EchoStar and its subsidiaries to manage the process of procuring new satellite capacity for DISH Network (previously provided under a satellite procurement agreement), receive logistics, procurement and quality assurance services from EchoStar and its subsidiaries (previously provided under a services agreement) and provide other support services. In connection with the consummation of the Share Exchange, EchoStar and DISH Network amended and restated the Professional Services Agreement (as amended to date, the “Amended and Restated Professional Services Agreement”) to provide that EchoStar and its subsidiaries and DISH Network shall have the right to receive additional services that either EchoStar and its subsidiaries or DISH Network may require as a result of the Share Exchange, including access to antennas owned by DISH Network for our use in performing TT&C services and maintenance and support services for our antennas (collectively, the “TT&C Antennas”). In September 2019, EchoStar and DISH Network further amended the Professional Services Agreement to provide that EchoStar and its subsidiaries and DISH Network shall have the right to receive additional services that either EchoStar and its subsidiaries or DISH Network may require. Additionally, the amended and Restated Professional Services Agreement, as further amended, removed our access to and the maintenance and support services for the TT&C Antennas. A portion of these costs and expenses have been allocated to us in the manner described above. The term of the Amended and Restated Professional Services Agreement is through January 1, 2025 and renews automatically for successive one-year periods thereafter, unless the agreement is terminated earlier by either party upon at least 60 days’ notice. We or DISH Network may generally terminate the Amended and Restated Professional Services Agreement in part with respect to any particular service it receives for any reason upon at least 30 days’ notice, unless the statement of work for particular services states otherwise. Certain services provided under the Amended and Restated Professional Services Agreement may survive the termination of the agreement. 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 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 effective May 2020. In November 2020, we provided a termination notice for one of our Englewood, Colorado agreements effective May 2021. 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. 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 May 2022, we exercised our right to renew such other agreements at Monee, Illinois and Spokane, Washington through August 2025. In March 2024, we provided a termination notice for our Spokane, Washington agreement, effective April 2024. 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 within 180 days’ prior written notice. The fees for the services provided under these agreements depend on the number of racks located at the location. 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 2024 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 $0.2 million and $0.7 million for the three months ended March 31, 2024 and 2023, respectively. 2019 TT&C Agreement . In September 2019, we and a subsidiary of EchoStar entered into an agreement pursuant to which DISH Network provides TT&C services to us and EchoStar and its other subsidiaries for a period ending in September 2021, with the option for a subsidiary of EchoStar to renew for a one-year period upon written notice at least 90 days prior to the initial expiration (the “2019 TT&C Agreement”). 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. We have exercised our option to renew the 2019 TT&C Agreement on several occasions, and its current term expires in September 2024. 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 may be terminated by either party upon 90 days’ prior written notice. Whidbey Island 5G Network Test Bed Subcontract . In June 2022, we and DISH Wireless entered into a subcontract (“DISH Subcontract”) pursuant to which DISH Wireless will provide access and use of a DISH Wireless lab, technical support and integration and testing support for the 5G network test bed to be delivered by Hughes to its customer. DISH Wireless additionally has agreed to lease certain licensed wireless spectrum to Hughes in connection with the project. Between June 2022 and October 2023 the scope of the DISH Subcontract has expanded to include additional spectrum leases and construction and related services work at Whidbey Island and the Lualualei Annex. Deluxe/EchoStar LLC We own 50% of 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. The following table summarizes our transactions with Deluxe: For the three months ended March 31, 2024 2023 Revenue from Deluxe $ 1,369 $ 1,332 As of March 31, 2024 December 31, 2023 Trade accounts receivable from Deluxe $ 1,063 $ 1,247 In March 2024, the Company received a $3.0 million dividend from Deluxe. Broadband Connectivity Solutions (Restricted) Limited We own 20% of 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. The following table summarizes our transactions with BCS: For the three months ended March 31, 2024 2023 Revenue from BCS $ 746 $ 822 As of March 31, 2024 December 31, 2023 Trade accounts receivable from BCS $ 3,954 $ 3,333 Hughes Systique Corporation We own 42% of Hughes Systique via preferred shares and contract with Hughes Systique for software development services. Prior to December 31, 2023, we consolidated Hughes Systique’s financial statements into our Condensed Consolidated Financial Statements. As of December 31, 2023, we have deconsolidated the Hughes Systique results from our Condensed Consolidated Financial Statements and recorded the investment as a cost method investment in “Other investments, net” on our Condensed Consolidated Balance Sheets. See our Annual Report on Form 10-K for the year ended December 31, 2023, Note 5. for further information. The table below summarizes our transactions with Hughes Systique: As of March 31, 2024 December 31, 2023 Amounts payable to Hughes Systique $ 1,483 $ 1,704 For the three months ended March 31, 2024 Purchases from Hughes Systique $ 4,596

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments Future maturities of our long-term debt, other notes payable, and contractual obligations as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023 have not changed materially. Patents and Intellectual Property Many entities, including some of our competitors, have, or may in the future, obtain patents and other intellectual property rights that cover or affect products or services that we offer or that we may offer in the future. We may not be aware of all intellectual property rights that our products or services may potentially infringe. Damages in patent infringement cases can be substantial, and in certain circumstances can be tripled. Further, we cannot estimate the extent to which we may be required in the future to obtain licenses with respect to patents held by others and the availability and cost of any such licenses. Various parties have asserted patent and other intellectual property rights with respect to components of our products and services. We cannot be certain that these persons do not own the rights they claim, that our products do not infringe on these rights, and/or that these rights are not valid. Further, we cannot be certain that we would be able to obtain licenses from these persons on commercially reasonable terms or, if we were unable to obtain such licenses, that we would be able to redesign our products to avoid infringement. Litigation 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 1999 government policy that eliminated fixed license fees and replaced them with license fees based on service providers’ 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 both 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 those other providers filed similar petitions 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 was 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, 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 additional payments on each March 31 thereafter. Pursuant to the Contribution and Membership Interest Purchase Agreement (the “Purchase Agreement”) dated December 3, 2004 between The DirecTV Group, Inc. (“DirecTV”) and certain other entities relating to DirecTV’s spinoff of certain of its subsidiaries, including HCIPL, DirecTV undertook to indemnify HCIPL for certain pre-closing tax liabilities. On March 27, 2020, HCIPL filed an indemnification complaint against DirecTV in the United States District Court for the Southern District of New York, seeking to recover certain license fees, penalties and interest owed to the Indian government as a result of the aforementioned proceedings. On November 16, 2021, the New York court granted summary judgment in favor of DirecTV, but on June 22, 2023, the United States Court of Appeals for the Second Circuit reversed, holding that, under the Purchase Agreement, HCIPL is entitled to indemnification from DirecTV. The Second Circuit remanded the case back to the trial court to determine the amount of indemnification owed. The following table presents the components of the accrual: As of March 31, 2024 December 31, 2023 Additional license fees $ 3,404 $ 3,405 Penalties 3,494 3,495 Interest and interest on penalties 83,758 82,627 Less: Payments (37,929) (27,807) Total accrual 52,727 61,720 Less: Current portion 10,127 10,130 Total long-term accrual $ 42,600 $ 51,590 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. Hughes Telecommunicaoes do Brasil v. State of São Paulo Treasury Department of São Paulo Treasury Department On December 12, 2019, Hughes Telecommunicaoes do Brasil (“HTB”) filed a tax annulment claim in the Judicial Court of São Paulo, claiming that a tax assessment from the State Treasury of São Paulo, for the period from January 2013 to December 2014, was based on an erroneous interpretation of an exemption to the ICMS (a state tax on, among other things, communications). In June 2022, a judicial expert determined that HTB’s interpretation of the exemption was correct. Nonetheless, in July 2023, the Court entered judgment against HTB, and in October 2023, rejected HTB’s request for clarification. In November 2023, HTB filed an appeal to the Court of Justice. We intend to vigorously defend this case. We cannot predict with any degree of certainty the outcome of the suit. The possible liability, including fees and interest, is approximat ely $7.3 million. Other In addition to the above actions, we are subject to various other legal proceedings and claims that arise in the ordinary course of business. In our opinion, the amount of ultimate liability with respect to any of these actions is unlikely to materially affect our financial condition, results of operations or liquidity, though the outcomes could be material to our operating results for any particular period, depending, in part, upon the operating results for such period.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING Operating segments are components of an enterprise for which separate financial information is available and regularly evaluated by the chief operating decision maker(s) of an enterprise. Earnings before interest, taxes, depreciation and amortization, and net income (loss) attributable to non-controlling interests (“EBITDA”) is the primary measure used by our chief operating decision maker to evaluate segment operating performance. We operate in two operating segments: Hughes segment and ESS segment. As of March 31, 2024, the ESS operating segment did not meet the quantitative thresholds as prescribed under ASC 280, Segment Reporting , for separate reportable segments, and is not expected to meet the quantitative thresholds or be of continuing significance in the future. As such, the ESS operating segment is no longer considered a reportable segment and we included the ESS operating segment results in Corporate and Other for all periods presented. Total assets by segment have not been reported herein because the information is not provided to our chief operating decision maker on a regular basis. The following table presents total revenue, capital expenditures and EBITDA for each of our business segments: Hughes Corporate Consolidated For the three months ended March 31, 2024 External revenue $ 378,708 $ 1,296 $ 380,004 Capital expenditures $ 68,331 $ 195 $ 68,526 EBITDA $ 69,974 $ (17,229) $ 52,745 For the three months ended March 31, 2023 External revenue $ 431,195 $ 6,629 $ 437,824 Capital expenditures $ 47,025 $ — $ 47,025 EBITDA $ 157,234 $ (13,749) $ 143,485 The following table reconciles “Income (loss) before income taxes” in the Condensed Consolidated Statements of Operations to EBITDA: For the three months ended March 31, 2024 2023 Income (loss) before income taxes $ (56,018) $ 41,334 Interest income, net (17,015) (17,948) Interest expense, net of amounts capitalized 27,349 22,527 Depreciation and amortization 93,782 96,351 Net loss (income) attributable to non-controlling interests 4,647 1,221 EBITDA $ 52,745 $ 143,485

SUPPLEMENTAL DATA - STATEMENTS

SUPPLEMENTAL DATA - STATEMENTS OF CASH FLOWS	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTAL DATA - STATEMENTS OF CASH FLOWS	SUPPLEMENTAL DATA - STATEMENTS OF CASH FLOWS The following table presents certain supplemental cash flow and other non-cash data. See Note 4. Leases for supplemental cash flow and non-cash data related to leases. For the three months ended March 31, 2024 2023 Supplemental disclosure of cash flow information: Cash paid for interest, (including capitalized interest) $ 51,414 $ 52,182 Cash received for interest 25,898 15,980 Cash paid for income taxes, net of refunds (1) 196,214 — Capitalized interest — 2,566 Accrued capital expenditures 11,656 4,911 (1) Our cash paid for income taxes, net of refunds, includes approximately $195.6 million of income taxes paid to our parent Company, EchoStar. Substantially all of this balance relates to amounts previously accrued for as of December 31, 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On March 4, 2024, EchoStar commenced a tender offer to eligible employees (which excludes EchoStar’s co-founders and the non-executive/non-employee members of EchoStar’s Board of Directors) to exchange eligible stock options (which excludes the Ergen 2020 Performance Award) for new options as detailed in the Schedule TO filed March 4, 2024 with the Securities and Exchange Commission (the “Exchange Offer”), to, among other things, further align employee incentives with the current market. The Exchange Offer expired on April 1, 2024 and EchoStar accepted for exchange 4 million stock options of employees of the Company. As a result of the Exchange Offer, subsequent to March 31, 2024, the exercise price of approximately 3 million new stock options, affecting approximately 400 eligible employees of the Company, was adjusted to $14.04. The total incremental non-cash stock-based compensation expense resulting from the Exchange Offer is $3 million, which will be recognized over the remaining vesting period of the applicable options.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared under GAAP. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Our results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023. Certain prior period amounts have been reclassified to conform to the current period presentation.
Principles of Consolidation	Principles of Consolidation We consolidate all majority owned subsidiaries, investments in entities in which we have controlling influence and VIEs where we have been determined to be the primary beneficiary. Minority interests are recorded as noncontrolling interests. Non-consolidated investments are accounted for using the equity method when we have the ability to significantly influence the operating decisions of the investee. When we do not have the ability to significantly influence the operating decisions of an investee, these equity securities are classified as either marketable investment securities or other investments, which will be initially recorded at cost, and based on observable market prices, will be adjusted to their fair value. We record fair value adjustments in “Other, net” within “Other Income (Expense)” on our Condensed Consolidated Statements of Operations. All significant intercompany accounts and transactions have been eliminated in consolidation. All amounts presented in these Condensed Consolidated Financial Statements are expressed in thousands of U.S. dollars, except share and per share amounts and unless otherwise noted.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements. Estimates are based on historical experience, observable market inputs, and other reasonable assumptions in accounting for, among other things (i) inputs used to recognize revenue over time, including amortization periods for deferred contract acquisition costs and relative standalone selling prices of performance obligations; (ii) allowances for doubtful accounts and estimated credit losses on investments; (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) estimates of future cash flows used to evaluate and recognize impairments. Economic conditions may increase the inherent uncertainty in the estimates and assumptions indicated above. Actual results may differ from previously estimated amounts, and such differences may be material to our Condensed Consolidated Financial Statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected prospectively in the period they occur.
Contract Acquisition Costs	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 on a straight-line basis. 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 Condensed Consolidated Balance Sheets and related amortization expense is included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations.
Research and Development	Research and Development
Advertising Costs	Advertising Costs
Fair Value Measurements	Fair Value Measurements We determine fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Market or observable inputs are the preferred source of values, followed by unobservable inputs or assumptions based on hypothetical transactions in the absence of market inputs. We apply the following hierarchy in determining fair value: a. Level 1, defined as observable inputs being quoted prices in active markets for identical assets; b. Level 2, defined as observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets and liabilities in active markets; and quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and c. Level 3, defined as unobservable inputs for which little or no market data exists, consistent with reasonably available assumptions made by other participants therefore requiring assumptions based on the best information available. As of March 31, 2024 and December 31, 2023, the carrying amount for cash and cash equivalents, trade accounts receivable (net of allowance for credit losses) and contract assets, and current liabilities (excluding the “Current portion of long-term debt and other notes payable”) was equal to or approximated fair value due to their short-term nature or proximity to current market rates. Fair values of our marketable investment securities are measured on a recurring basis based on a variety of observable market inputs. For our investments in publicly traded equity securities and U.S. government securities, fair value ordinarily is determined based on Level 1 measurements that reflect quoted prices for identical securities in active markets. Fair values of our investments in other marketable debt securities are generally based on Level 2 measurements as the markets for such debt securities are less active. We consider trades of identical debt securities on or near the measurement date as a strong indication of fair value and matrix pricing techniques that consider par value, coupon rate, credit quality, maturity and other relevant features may also be used to determine fair value of our investments in marketable debt securities. Additionally, we use fair value measurements from time to time in connection with other investments, asset impairment testing and the assignment of purchase consideration to assets and liabilities of acquired companies. Those fair value measurements typically include significant unobservable inputs and are categorized within Level 3 of the fair value hierarchy. Transfers between levels in the fair value hierarchy are considered to occur at the beginning of the quarterly accounting period. There were no transfers between levels during the three months ended March 31, 2024 and 2023. See Note 5. Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments for the fair value of our marketable investment securities. Fair values for our publicly traded debt securities are based on quoted market prices, when available. The fair values of private debt are based on, among other things, available trade information, and/or an analysis in which we evaluate market conditions, related securities, various public and private offerings, and other publicly available information. In performing this analysis, we make various assumptions regarding, among other things, credit spreads, and the impact of these factors on the value of the debt securities. See Note 9. Long-Term Debt and Other Notes Payable for the fair value of our long-term debt.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted Income Taxes - Improvements to Income Tax Disclosures On December 14, 2023, the FASB issued ASU 2023-9, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which will enhance income tax disclosures. ASU 2023-09 requires among other items disaggregated information in a reporting entity’s rate reconciliation table, clarification on uncertain tax positions and the related financial statement impact as well as information on income taxes paid on a disaggregated basis. This standard will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023‑09 will have on our Condensed Consolidated Financial Statements and related disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures On November 27, 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reporting Segment Disclosures (“ASU 2023-07”), which will enhance financial reporting by providing additional information about a public company’s significant segment expenses and more timely and detailed segment information reporting throughout the fiscal period. This standard will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact the adoption of ASU 2023-07 will have on our Condensed Consolidated Financial Statements and related disclosures. Business Combinations - Joint Venture Formations On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60) (“ASU 2023-05”), which requires an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (ASC) master glossary to apply a new basis of accounting upon the formation of the joint venture. This standard will be effective for all joint venture formations with a formation date on or after January 1, 2025. A joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. Early adoption is permitted in any interim or annual period in which financial statements have not yet been issued or made available for issuance. We are evaluating the impact the adoption of ASU 2023-05 will have on our Condensed Consolidated Financial Statements and related disclosures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Cost of Sales and Research and Development Costs	The following table presents the research and development costs incurred: For the three months ended March 31, 2024 2023 Cost of sales - equipment and other $ 11,212 $ 8,678 Research and development expenses $ 5,513 $ 8,256

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Components of Contract Balances	The following table presents the components of our contract balances: As of March 31, 2024 December 31, 2023 Contract assets $ 72,292 $ 66,095 Contract liabilities: Current $ 101,148 $ 116,187 Non-current 6,616 7,401 Total contract liabilities $ 107,764 $ 123,588 The following table presents the revenue recognized in the Condensed Consolidated Statements of Operations that was previously included within contract liabilities: For the three months ended March 31, 2024 2023 Revenue $ 57,973 $ 60,963
Schedule of Allowance for Credit Loss	The following table presents the activity in our allowance for doubtful accounts: For the three months ended March 31, 2024 Balance at beginning of period $ 20,399 Credit losses 9,151 Deductions (6,720) Foreign currency translation (26) Balance at end of period $ 22,804
Schedule of Activity in Contract Acquisition Costs	The following table presents the activity in our contract acquisition costs, net: For the three months ended March 31, 2024 2023 Balance at beginning of period $ 49,343 $ 64,447 Additions 13,040 11,973 Amortization expense (9,742) (16,638) Foreign currency translation (139) 452 Balance at end of period $ 52,502 $ 60,234
Schedule of Disaggregation of Revenue	Revenue is attributed to geographic markets based upon the billing location of the customer. Substantially all of our revenue is related to our Hughes segment. The following tables present our revenue from customer contracts disaggregated by primary geographic market: For the three months ended March 31, 2024 2023 North America $ 307,848 $ 354,450 South and Central America 35,955 38,373 Other 36,201 45,001 Total revenue $ 380,004 $ 437,824 The following tables present our revenue disaggregated by the nature of products and services. Substantially all of our revenue is related to our Hughes segment: For the three months ended March 31, 2024 2023 Service revenue: Services $ 312,949 $ 363,427 Lease revenue 6,555 12,327 Total service revenue 319,504 375,754 Equipment and other revenue: Equipment 35,132 20,965 Design, development and construction services 24,284 36,904 Lease revenue 1,084 4,201 Total equipment and other revenue 60,500 62,070 Total revenue $ 380,004 $ 437,824

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Lease Assets and Liabilities	The following table presents the amounts for right-of-use (“ROU”) assets and lease liabilities: As of March 31, 2024 December 31, 2023 Right-of-use assets: Operating $ 1,004,285 $ 1,031,303 Finance 210,958 218,807 Total right-of-use assets $ 1,215,243 $ 1,250,110 Lease liabilities: Current: Operating (1) $ 99,485 $ 155,932 Finance — — Total current 99,485 155,932 Non-current: Operating 810,558 897,084 Finance — — Total non-current 810,558 897,084 Total lease liabilities $ 910,043 $ 1,053,016 (1) The decrease in current operating lease liabilities is due to a prepayment related to the EchoStar XXIV satellite.
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 three months ended March 31, 2024 2023 Lease cost: Operating lease cost (1) $ 54,404 $ 6,548 Finance lease cost: Amortization of right-of-use assets 4,523 7,141 Interest on lease liabilities — — Total finance lease cost 4,523 7,141 Short-term lease cost — — Variable lease cost — — Total lease cost $ 58,927 $ 13,689 (1) The increase in operating lease cost is due to the EchoStar XXIV satellite lease, which was effective December 19, 2023. As of March 31, 2024 December 31, 2023 Lease term and discount rate: Weighted-average remaining lease term: Finance leases 0.0 years 0.0 years Operating leases 7.2 years 7.5 years Weighted-average discount rate: Finance leases — % — % Operating leases 12.1 % 12.1 % Supplemental cash flow information related to leases was as follows: For the three months ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 170,259 $ 6,786 Operating cash flows from finance leases — — Financing cash flows from finance leases — —
Schedule of Operating Lease Liability Maturity	Maturities of lease liabilities as of March 31, 2024 were as follows: Operating Leases Year ending December 31, 2024 (remaining nine months) $ 79,359 2025 215,164 2026 213,369 2027 211,884 2028 209,961 2029 and beyond 480,350 Total future minimum lease payments 1,410,087 Less: Interest (500,044) Total lease liabilities $ 910,043
Schedule of Sales-type Lease Revenue	The following table presents our lease revenue by type of lease: For the three months ended March 31, 2024 2023 Sales-type lease revenue: Revenue at lease commencement $ 549 $ 3,754 Interest income 535 447 Total sales-type lease revenue 1,084 4,201 Operating lease revenue 6,555 12,327 Total lease revenue $ 7,639 $ 16,528
Schedule of Operating Lease Revenue	The following table presents our lease revenue by type of lease: For the three months ended March 31, 2024 2023 Sales-type lease revenue: Revenue at lease commencement $ 549 $ 3,754 Interest income 535 447 Total sales-type lease revenue 1,084 4,201 Operating lease revenue 6,555 12,327 Total lease revenue $ 7,639 $ 16,528
Schedule of Operating Lease Payments to be Received	The following table presents future operating lease payments to be received as of March 31, 2024: Amounts December 31, 2024 (remaining nine months) $ 6,415 2025 4,953 2026 3,567 2027 3,488 2028 672 2029 and beyond 177 Total lease payments to be received $ 19,272

MARKETABLE INVESTMENT SECURIT_2

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Investment Securities	The following table presents our “Marketable investment securities”: As of March 31, 2024 December 31, 2023 Marketable investment securities: Available-for-sale debt securities: Corporate bonds $ 7,505 $ 91,548 Commercial paper — 282,898 Other debt securities 69 43,297 Total marketable investment securities $ 7,574 $ 417,743
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 March 31, 2024 Corporate bonds $ 7,500 $ 5 $ — $ 7,505 Commercial paper — — — — Other debt securities 69 — — 69 Total available-for-sale debt securities $ 7,569 $ 5 $ — $ 7,574 As of December 31, 2023 Corporate bonds $ 91,474 $ 79 $ (5) $ 91,548 Commercial paper 282,898 — — 282,898 Other debt securities 43,307 — (10) 43,297 Total available-for-sale debt securities $ 417,679 $ 79 $ (15) $ 417,743
Schedule of Activity on Available-for-sale Debt Securities	The following table presents the activity on our available-for-sale debt securities: For the three months ended March 31, 2024 2023 Proceeds from sales $ 294,292 $ 38,109
Schedule of Equity Method Investments	The following table presents our “Other investments, net”: As of March 31, 2024 December 31, 2023 Other investments, net: Equity method investments $ 38,526 $ 42,859 Cost method investments 11,278 11,278 Total other investments, net $ 49,804 $ 54,137
Schedule of Fair Value Measurements	Our investments measured at fair value on a recurring basis were as follows: Level 1 Level 2 Total As of March 31, 2024 Cash equivalents (including restricted) $ 17,418 $ 127,600 $ 145,018 Available-for-sale debt securities: Corporate bonds $ — $ 7,505 $ 7,505 Commercial paper — — — Other debt securities — 69 69 Total marketable investment securities $ — $ 7,574 $ 7,574 As of December 31, 2023 Cash equivalents (including restricted) $ 177,009 $ 999,347 $ 1,176,356 Available-for-sale debt securities: Corporate bonds $ — $ 91,548 $ 91,548 Commercial paper — 282,898 282,898 Other debt securities 38,799 4,498 43,297 Total marketable investment securities $ 38,799 $ 378,944 $ 417,743
Schedule of Investments	Other, net” within “Other Income (Expense)” included on our Condensed Consolidated Statements of Operations is as follows: For the three months ended Other, net: 2024 2023 Marketable and non-marketable investment securities - realized and unrealized gains (loss) $ 200 $ (3) Equity in earnings (losses) of unconsolidated affiliates (1,333) (551) Foreign currency transaction gains (losses) (286) 3,030 Other (5) 29 Total $ (1,424) $ 2,505

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2024
Inventory, Net [Abstract]
Schedule of Inventory	Inventory consisted of the following: As of March 31, 2024 December 31, 2023 Raw materials $ 44,031 $ 32,492 Work-in-process 30,247 32,832 Finished goods 94,313 101,912 Total inventory $ 168,591 $ 167,236

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment consisted of the following: Depreciable Life (In Years) As of March 31, 2024 December 31, 2023 Equipment leased to customers 2 to 4 $ 781,707 $ 883,565 Satellites (1) 5 to 15 1,218,499 1,506,541 Satellites acquired under finance lease agreements 15 365,057 368,384 Land — 13,518 13,547 Buildings and improvements 1 to 40 128,928 115,354 Furniture, fixtures, equipment and other 1 to 12 1,062,600 977,154 Construction in progress — 9,340 28,217 Total property and equipment 3,579,649 3,892,762 Accumulated depreciation (2,351,943) (2,642,688) Property and equipment, net $ 1,227,706 $ 1,250,074 (1) The Spaceway 3 satellite was deorbited in January 2024. Depreciation and amortization expense consisted of the following: For the three months ended March 31, 2024 2023 Equipment leased to customers $ 28,069 $ 43,236 Satellites 26,899 24,941 Buildings, furniture, fixtures, equipment and other 22,885 13,175 Software and computer equipment 6,602 6,995 Intangible assets and other amortization expense 9,327 8,004 Total depreciation and amortization expense $ 93,782 $ 96,351
Schedule of Satellites	As of March 31, 2024, our satellite fleet in service consisted of the following: Satellites Segment Launch Date Degree Orbital Depreciable Life (In Years) Lease Termination Date Owned: EchoStar XVII Hughes July 2012 107 W 15 N/A EchoStar XIX Hughes December 2016 97.1 W 15 N/A Al Yah 3 (“AY3”) (1) Hughes January 2018 20 W 5 N/A EchoStar IX (2) (3) Corporate and Other August 2003 121 W 12 N/A Finance leases: Eutelsat 65 West A Hughes March 2016 65 W 15 July 2031 Telesat T19V Hughes July 2018 63 W 15 August 2033 EchoStar 105/SES-11 Corporate and Other October 2017 105 W 15 November 2028 Operating leases: EchoStar XXIV Hughes July 2023 95.2 W N/A December 2030 (1) Upon consummation of our joint venture with Al Yah Satellite Communications Company PrJSC (“Yahsat”) in Brazil in November 2019, we acquired the Brazilian Ka-band payload on this satellite with a remaining useful life of 7 years as of that time. In the second quarter of 2023 we reduced the estimated useful life of the satellite as a result of certain technical anomalies. In order to safeguard the future operability of the satellite, the Company has, in conjunction with recommendations from the satellite manufacturer, implemented immediate and long-term remedial actions. A revised estimate of the satellite’s remaining lifetime has been calculated using operational data of the first two quarters of 2023. The Company updated the remaining useful life of AY3 and related ground assets prospectively from April 1, 2023, to reflect the change in estimate. This has increased the depreciation expense for the current three month period by $3.7 million. The increase is expected to be $12.8 million for the year full year 2024. Although the anomalies are expected to shorten the remaining useful life of the satellite, they have not affected its current operation. (2) We own the Ka-band and Ku-band payloads on this satellite. (3) The Company placed the satellite in an inclined-orbit in the first quarter of 2023. Inclined-orbit will extend its life to enable further revenue generating opportunities.

REGULATORY AUTHORIZATIONS (Tabl

REGULATORY AUTHORIZATIONS (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Regulatory Authorizations	The following table presents our “Regulatory authorizations, net”: Finite lived Cost Accumulated Amortization Total Indefinite lived Total Balance, December 31, 2022 $ 11,331 $ (2,712) $ 8,619 $ 400,000 $ 408,619 Amortization expense — (215) (215) — (215) Currency translation adjustments 713 (168) 545 — 545 Balance, March 31, 2023 $ 12,044 $ (3,095) $ 8,949 $ 400,000 $ 408,949 Balance, December 31, 2023 $ 12,754 $ (4,935) $ 7,819 $ 400,000 $ 407,819 Amortization expense — (545) (545) — (545) Currency translation adjustments 98 13 111 — 111 Balance, March 31, 2024 $ 12,852 $ (5,467) $ 7,385 $ 400,000 $ 407,385 Weighted-average useful life (in years) 12

LONG-TERM DEBT AND OTHER NOTE_2

LONG-TERM DEBT AND OTHER NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Carrying Amount and Fair Values of Long-term Debt	The following table summarizes the carrying amount and fair value of our debt facilities as of March 31, 2024 and December 31, 2023: As of March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Senior Secured Notes: 5 1/4% Senior Secured Notes due 2026 $ 750,000 $ 625,200 $ 750,000 $ 665,678 Senior Unsecured Notes: 6 5/8% Senior Unsecured Notes due 2026 750,000 445,875 750,000 591,525 Subtotal 1,500,000 1,071,075 1,500,000 1,257,203 Less: Unamortized debt issuance costs (2,176) — (2,391) — Other notes payable 45,377 — 46,594 — Total long-term debt and other notes payable (including current portion) $ 1,543,201 $ 1,544,203

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - ECHOSTAR (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table presents our “Service revenue” from EchoStar: For the three months ended March 31, 2024 2023 Service revenue - EchoStar $ 1,214 $ 1,140 The following table presents the corresponding related party receivables: As of March 31, 2024 December 31, 2023 Related party receivables - EchoStar - non-current $ 60,841 $ 61,283 The following table presents our operating expenses from EchoStar: For the three months ended March 31, 2024 2023 Operating expenses - EchoStar $ 20,478 $ 20,910 As of March 31, 2024 December 31, 2023 Related party payables - EchoStar - current, net $ 17,915 $ 195,558 Related party payables - EchoStar - non-current 26,277 26,453 Total related party payables - EchoStar $ 44,192 $ 222,011 Operating lease liabilities - EchoStar - current 82,179 138,694 Operating lease liabilities - EchoStar - non-current 673,089 755,379 Total operating lease liabilities - EchoStar $ 755,268 $ 894,073 The Company settled its December 31, 2023 Related party payables - EchoStar - current, net with EchoStar in the first quarter of 2024. The following table presents our Services revenue - DISH Network: For the three months ended March 31, 2024 2023 Service revenue - DISH Network $ 2,407 $ 3,378 The following table presents the related trade accounts receivable: As of March 31, 2024 December 31, 2023 Trade accounts receivable - DISH Network $ 7,546 $ 5,038 The following table presents our operating expenses related to DISH Network: For the three months ended March 31, 2024 2023 Operating expenses - DISH Network $ 874 $ 1,120 The following table presents the related trade accounts payable: As of March 31, 2024 December 31, 2023 Trade accounts payable - DISH Network $ 2,085 $ 1,847 The following table summarizes our transactions with Deluxe: For the three months ended March 31, 2024 2023 Revenue from Deluxe $ 1,369 $ 1,332 As of March 31, 2024 December 31, 2023 Trade accounts receivable from Deluxe $ 1,063 $ 1,247 The following table summarizes our transactions with BCS: For the three months ended March 31, 2024 2023 Revenue from BCS $ 746 $ 822 As of March 31, 2024 December 31, 2023 Trade accounts receivable from BCS $ 3,954 $ 3,333

RELATED PARTY TRANSACTIONS - _3

RELATED PARTY TRANSACTIONS - OTHER (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table presents our “Service revenue” from EchoStar: For the three months ended March 31, 2024 2023 Service revenue - EchoStar $ 1,214 $ 1,140 The following table presents the corresponding related party receivables: As of March 31, 2024 December 31, 2023 Related party receivables - EchoStar - non-current $ 60,841 $ 61,283 The following table presents our operating expenses from EchoStar: For the three months ended March 31, 2024 2023 Operating expenses - EchoStar $ 20,478 $ 20,910 As of March 31, 2024 December 31, 2023 Related party payables - EchoStar - current, net $ 17,915 $ 195,558 Related party payables - EchoStar - non-current 26,277 26,453 Total related party payables - EchoStar $ 44,192 $ 222,011 Operating lease liabilities - EchoStar - current 82,179 138,694 Operating lease liabilities - EchoStar - non-current 673,089 755,379 Total operating lease liabilities - EchoStar $ 755,268 $ 894,073 The Company settled its December 31, 2023 Related party payables - EchoStar - current, net with EchoStar in the first quarter of 2024. The following table presents our Services revenue - DISH Network: For the three months ended March 31, 2024 2023 Service revenue - DISH Network $ 2,407 $ 3,378 The following table presents the related trade accounts receivable: As of March 31, 2024 December 31, 2023 Trade accounts receivable - DISH Network $ 7,546 $ 5,038 The following table presents our operating expenses related to DISH Network: For the three months ended March 31, 2024 2023 Operating expenses - DISH Network $ 874 $ 1,120 The following table presents the related trade accounts payable: As of March 31, 2024 December 31, 2023 Trade accounts payable - DISH Network $ 2,085 $ 1,847 The following table summarizes our transactions with Deluxe: For the three months ended March 31, 2024 2023 Revenue from Deluxe $ 1,369 $ 1,332 As of March 31, 2024 December 31, 2023 Trade accounts receivable from Deluxe $ 1,063 $ 1,247 The following table summarizes our transactions with BCS: For the three months ended March 31, 2024 2023 Revenue from BCS $ 746 $ 822 As of March 31, 2024 December 31, 2023 Trade accounts receivable from BCS $ 3,954 $ 3,333
Schedule of Other Investment Transactions	The table below summarizes our transactions with Hughes Systique: As of March 31, 2024 December 31, 2023 Amounts payable to Hughes Systique $ 1,483 $ 1,704 For the three months ended March 31, 2024 Purchases from Hughes Systique $ 4,596

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Accrual For License Fee Dispute	The following table presents the components of the accrual: As of March 31, 2024 December 31, 2023 Additional license fees $ 3,404 $ 3,405 Penalties 3,494 3,495 Interest and interest on penalties 83,758 82,627 Less: Payments (37,929) (27,807) Total accrual 52,727 61,720 Less: Current portion 10,127 10,130 Total long-term accrual $ 42,600 $ 51,590

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2024
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 Corporate Consolidated For the three months ended March 31, 2024 External revenue $ 378,708 $ 1,296 $ 380,004 Capital expenditures $ 68,331 $ 195 $ 68,526 EBITDA $ 69,974 $ (17,229) $ 52,745 For the three months ended March 31, 2023 External revenue $ 431,195 $ 6,629 $ 437,824 Capital expenditures $ 47,025 $ — $ 47,025 EBITDA $ 157,234 $ (13,749) $ 143,485
Schedule of Reconciliation of EBITDA to Reported Income (Loss) Before Income Taxes	The following table reconciles “Income (loss) before income taxes” in the Condensed Consolidated Statements of Operations to EBITDA: For the three months ended March 31, 2024 2023 Income (loss) before income taxes $ (56,018) $ 41,334 Interest income, net (17,015) (17,948) Interest expense, net of amounts capitalized 27,349 22,527 Depreciation and amortization 93,782 96,351 Net loss (income) attributable to non-controlling interests 4,647 1,221 EBITDA $ 52,745 $ 143,485

SUPPLEMENTAL DATA - STATEMENT_2

SUPPLEMENTAL DATA - STATEMENTS OF CASH FLOWS (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Noncash Investing and Financing Activities	The following table presents certain supplemental cash flow and other non-cash data. See Note 4. Leases for supplemental cash flow and non-cash data related to leases. For the three months ended March 31, 2024 2023 Supplemental disclosure of cash flow information: Cash paid for interest, (including capitalized interest) $ 51,414 $ 52,182 Cash received for interest 25,898 15,980 Cash paid for income taxes, net of refunds (1) 196,214 — Capitalized interest — 2,566 Accrued capital expenditures 11,656 4,911 (1) Our cash paid for income taxes, net of refunds, includes approximately $195.6 million of income taxes paid to our parent Company, EchoStar. Substantially all of this balance relates to amounts previously accrued for as of December 31, 2023.

ORGANIZATION AND BUSINESS ACT_2

ORGANIZATION AND BUSINESS ACTIVITIES (Details)	3 Months Ended
	Mar. 31, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2
Number of reportable segments	1

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024 USD ($) program	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Accounting Policies [Line Items]
Advertising expense	$ 13,000	$ 15,800
Number of government programs | program	3
Total revenue	$ 380,004	437,824
Trade accounts receivable and contract assets, net	$ 222,037		$ 233,915
One Customer | Accounts Receivable | Customer Concentration Risk
Accounting Policies [Line Items]
Percentage of total revenue	17%		19%
New York-Connect America Fund, New York Broadband, and Affordable Connectivity Plan
Accounting Policies [Line Items]
Trade accounts receivable and contract assets, net	$ 2,800
Services
Accounting Policies [Line Items]
Total revenue	319,504	$ 375,754
Services | New York-Connect America Fund, New York Broadband, and Affordable Connectivity Plan
Accounting Policies [Line Items]
Total revenue	$ 4,700

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Research and Development (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cost of sales - equipment and other
Accounting Policies [Line Items]
Research and development expenses	$ 11,212	$ 8,678
Research and development expenses
Accounting Policies [Line Items]
Research and development expenses	$ 5,513	$ 8,256

REVENUE RECOGNITION - Schedule

REVENUE RECOGNITION - Schedule of Components of Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Trade accounts receivable and contract assets, net:
Contract assets	$ 72,292		$ 66,095
Contract liabilities:
Current	101,148		116,187
Non-current	6,616		7,401
Total contract liabilities	107,764		$ 123,588
Revenue recognized	$ 57,973	$ 60,963

REVENUE RECOGNITION - Schedul_2

REVENUE RECOGNITION - Schedule of Allowance for Doubtful Accounts Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 20,399
Credit losses	9,151
Deductions	(6,720)
Foreign currency translation	(26)
Balance at end of period	$ 22,804

REVENUE RECOGNITION - Activity

REVENUE RECOGNITION - Activity in Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Increase (Decrease) In Capitalized Contract Cost [Roll Forward]
Balance at beginning of period	$ 49,343	$ 64,447
Additions	13,040	11,973
Amortization expense	(9,742)	(16,638)
Foreign currency translation	(139)	452
Balance at end of period	$ 52,502	$ 60,234

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 1.4	$ 1.7
Remaining performance obligation decrease	$ 0.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	29%
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	71%
Performance obligation period

REVENUE RECOGNITION - Schedul_3

REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 380,004	$ 437,824
Services
Disaggregation of Revenue [Line Items]
Total revenue	319,504	375,754
Services
Disaggregation of Revenue [Line Items]
Total revenue	312,949	363,427
Lease revenue
Disaggregation of Revenue [Line Items]
Total revenue	6,555	12,327
Equipment sales and other revenue
Disaggregation of Revenue [Line Items]
Total revenue	60,500	62,070
Equipment
Disaggregation of Revenue [Line Items]
Total revenue	35,132	20,965
Design, development and construction services
Disaggregation of Revenue [Line Items]
Total revenue	24,284	36,904
Lease revenue
Disaggregation of Revenue [Line Items]
Total revenue	1,084	4,201
North America
Disaggregation of Revenue [Line Items]
Total revenue	307,848	354,450
South and Central America
Disaggregation of Revenue [Line Items]
Total revenue	35,955	38,373
Other
Disaggregation of Revenue [Line Items]
Total revenue	$ 36,201	$ 45,001

LEASES - Schedule of Lease Asse

LEASES - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Right-of-use assets:
Operating	$ 1,004,285	$ 1,031,303
Finance	210,958	218,807
Total right-of-use assets	1,215,243	1,250,110
Current:
Operating lease obligation	99,485	155,932
Finance	0	0
Total current	99,485	155,932
Non-current:
Operating	810,558	897,084
Finance	0	0
Total non-current	810,558	897,084
Total lease liabilities	$ 910,043	$ 1,053,016
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]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Finance lease, accumulated amortization	$ 154.1	$ 149.6
Sales-type lease receivable	$ 27.8	$ 30.4

LEASES - Schedule of Lease Cost

LEASES - Schedule of Lease Cost, Weighted Average Term, Discount Rates and Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Lease cost:
Operating lease cost	$ 54,404	$ 6,548
Finance lease cost:
Amortization of right-of-use assets	4,523	7,141
Interest on lease liabilities	0	0
Total finance lease cost	4,523	7,141
Short-term lease cost	0	0
Variable lease cost	0	0
Total lease cost	$ 58,927	13,689
Weighted-average remaining lease term:
Finance leases	0 years		0 years
Operating leases	7 years 2 months 12 days		7 years 6 months
Weighted-average discount rate:
Finance leases	0%		0%
Operating leases	12.10%		12.10%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 170,259	6,786
Operating cash flows from finance leases	0	0
Financing cash flows from finance leases	$ 0	$ 0

LEASES - Schedule of Lease Liab

LEASES - Schedule of Lease Liability Maturity (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Operating Leases
2024 (remaining nine months)	$ 79,359
2025	215,164
2026	213,369
2027	211,884
2028	209,961
2029 and beyond	480,350
Total future minimum lease payments	1,410,087
Less: Interest	(500,044)
Total lease liabilities	$ 910,043

LEASES - Lease Income By Lease

LEASES - Lease Income By Lease Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Sales-type Lease, Lease Income [Abstract]
Revenue at lease commencement	$ 549	$ 3,754
Interest income	535	447
Total sales-type lease revenue	1,084	4,201
Operating lease revenue	6,555	12,327
Total lease revenue	$ 7,639	$ 16,528
Sales-Type Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenue	Total revenue
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenue	Total revenue

LEASES - Lessor Income Receivab

LEASES - Lessor Income Receivable (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024 (remaining nine months)	$ 6,415
2025	4,953
2026	3,567
2027	3,488
2028	672
2029 and beyond	177
Total lease payments to be received	$ 19,272

MARKETABLE INVESTMENT SECURIT_3

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Schedule of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale debt securities:
Marketable investment securities	$ 7,574	$ 417,743
Corporate bonds
Available-for-sale debt securities:
Marketable investment securities	7,505	91,548
Commercial paper
Available-for-sale debt securities:
Marketable investment securities	0	282,898
Other debt securities
Available-for-sale debt securities:
Marketable investment securities	$ 69	$ 43,297

MARKETABLE INVESTMENT SECURIT_4

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Unrealized Gains (Losses) on Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	$ 7,569	$ 417,679
Unrealized Gains	5	79
Unrealized Losses	0	(15)
Estimated Fair Value	7,574	417,743
Corporate bonds
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	7,500	91,474
Unrealized Gains	5	79
Unrealized Losses	0	(5)
Estimated Fair Value	7,505	91,548
Commercial paper
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	0	282,898
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	0	282,898
Other debt securities
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	69	43,307
Unrealized Gains	0	0
Unrealized Losses	0	(10)
Estimated Fair Value	$ 69	$ 43,297

MARKETABLE INVESTMENT SECURIT_5

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Activity on Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 294,292	$ 38,109

MARKETABLE INVESTMENT SECURIT_6

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Restricted cash	$ 1,100,000	$ 1,100,000
Marketable securities	7,574,000	417,743,000
Level 3
Schedule of Equity Method Investments [Line Items]
Marketable securities	$ 0	$ 0
Deluxe/EchoStar LLC
Schedule of Equity Method Investments [Line Items]
Equity interest, percentage in joint venture	50%
Broadband Connectivity Solutions
Schedule of Equity Method Investments [Line Items]
Equity interest, percentage in joint venture	20%
Hughes Systique
Schedule of Equity Method Investments [Line Items]
Ownership interest in related party (as a percent)	42%

MARKETABLE INVESTMENT SECURIT_7

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Schedule of Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other investments, net:
Equity method investments	$ 38,526	$ 42,859
Cost method investments	11,278	11,278
Total other investments, net	$ 49,804	$ 54,137

MARKETABLE INVESTMENT SECURIT_8

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Schedule of Fair Value Measurements (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Fair value of marketable securities
Cash equivalents (including restricted)	$ 145,018,000	$ 1,176,356,000
Available-for-sale debt securities:
Total available-for-sale debt securities	7,574,000	417,743,000
Total marketable investment securities	7,574,000	417,743,000
Corporate bonds
Available-for-sale debt securities:
Total available-for-sale debt securities	7,505,000	91,548,000
Commercial paper
Available-for-sale debt securities:
Total available-for-sale debt securities	0	282,898,000
Other debt securities
Available-for-sale debt securities:
Total available-for-sale debt securities	69,000	43,297,000
Level 1
Fair value of marketable securities
Cash equivalents (including restricted)	17,418,000	177,009,000
Available-for-sale debt securities:
Total marketable investment securities	0	38,799,000
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	0	38,799,000
Level 2
Fair value of marketable securities
Cash equivalents (including restricted)	127,600,000	999,347,000
Available-for-sale debt securities:
Total marketable investment securities	7,574,000	378,944,000
Level 2 | Corporate bonds
Available-for-sale debt securities:
Total available-for-sale debt securities	7,505,000	91,548,000
Level 2 | Commercial paper
Available-for-sale debt securities:
Total available-for-sale debt securities	0	282,898,000
Level 2 | Other debt securities
Available-for-sale debt securities:
Total available-for-sale debt securities	69,000	4,498,000
Level 3
Available-for-sale debt securities:
Total marketable investment securities	$ 0	$ 0

MARKETABLE INVESTMENT SECURIT_9

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Marketable and non-marketable investment securities - realized and unrealized gains (loss)	$ 200	$ (3)
Equity in earnings (losses) of unconsolidated affiliates	(1,333)	(551)
Foreign currency transaction gains (losses)	(286)	3,030
Other	(5)	29
Total	$ (1,424)	$ 2,505

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory, Net [Abstract]
Raw materials	$ 44,031	$ 32,492
Work-in-process	30,247	32,832
Finished goods	94,313	101,912
Total inventory	$ 168,591	$ 167,236

PROPERTY AND EQUIPMENT - Schedu

PROPERTY AND EQUIPMENT - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 3,579,649	$ 3,892,762
Accumulated depreciation	(2,351,943)	(2,642,688)
Property and equipment, net	1,227,706	1,250,074
Equipment leased to customers
Property, Plant and Equipment [Line Items]
Total property and equipment	781,707	883,565
Satellites
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,218,499	1,506,541
Satellites acquired under finance lease agreements
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	15 years
Total property and equipment	$ 365,057	368,384
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	13,518	13,547
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	128,928	115,354
Furniture, fixtures, equipment and other
Property, Plant and Equipment [Line Items]
Total property and equipment	1,062,600	977,154
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 9,340	$ 28,217
Minimum | Equipment leased to customers
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	2 years
Minimum | Satellites
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	5 years
Minimum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	1 year
Minimum | Furniture, fixtures, equipment and other
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	1 year
Maximum | Equipment leased to customers
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	4 years
Maximum | Satellites
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	15 years
Maximum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	40 years
Maximum | Furniture, fixtures, equipment and other
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	12 years

PROPERTY AND EQUIPMENT - Narrat

PROPERTY AND EQUIPMENT - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) lease satellite mi	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Number of satellite leases, finance leases | lease	3
Number of satellite leases, operating leases | lease	1
Satellite-related obligations
Property, Plant and Equipment [Line Items]
Satellite-related obligations | $	$ 189.5	$ 193.3
Satellites
Property, Plant and Equipment [Line Items]
Number of satellites utilized in geostationary orbit approximately 22,300 miles above the equator	8
Satellites in geosynchronous orbit length above equator | mi	22,300
Satellites
Property, Plant and Equipment [Line Items]
Number of satellites utilized in geostationary orbit approximately 22,300 miles above the equator	4
Satellites - acquired under finance leases
Property, Plant and Equipment [Line Items]
Number of satellites utilized under capital lease	4
Level 2
Property, Plant and Equipment [Line Items]
Obligations, fair value disclosure | $	$ 44	$ 46.3

PROPERTY AND EQUIPMENT - Sche_2

PROPERTY AND EQUIPMENT - Schedule of Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Depreciation expense:
Depreciation	$ 93,782	$ 96,351
Intangible assets and other amortization expense	9,327	8,004
Total depreciation and amortization expense	93,782	96,351
Equipment leased to customers
Depreciation expense:
Depreciation	28,069	43,236
Satellites
Depreciation expense:
Depreciation	26,899	24,941
Buildings, furniture, fixtures, equipment and other
Depreciation expense:
Depreciation	22,885	13,175
Software and computer equipment
Depreciation expense:
Depreciation	$ 6,602	$ 6,995

PROPERTY AND EQUIPMENT - Sche_3

PROPERTY AND EQUIPMENT - Schedule of Satellite Fleet (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Nov. 30, 2019
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)	5 years
EchoStar IX
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)	12 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
Yahsat Brazil
Property, Plant and Equipment [Line Items]
Depreciable Life (In Years)		7 years
Depreciation expense increase	$ 3.7
Expected amortization for remainder of fiscal year	$ 12.8

REGULATORY AUTHORIZATIONS - Sch

REGULATORY AUTHORIZATIONS - Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Amortization
Amortization expense	$ (545)	$ (215)
Indefinite lived
Balance at the beginning of the period	400,000	400,000
Currency translation adjustments	0	0
Balance at the end of the period	400,000	400,000
Total
Balance at beginning of period	407,819	408,619
Currency translation adjustments	111	545
Balance at the end of the period	$ 407,385	408,949
Weighted-average useful life (in years)	12 years
Regulatory authorization
Cost
Balance at the beginning of the period	$ 12,754	11,331
Currency translation adjustments	98	713
Balance at the end of the period	12,852	12,044
Accumulated Amortization
Balance at beginning of period	(4,935)	(2,712)
Amortization expense	(545)	(215)
Currency translation adjustments	13	(168)
Balance at end of the period	(5,467)	(3,095)
Total
Beginning balance	7,819	8,619
Currency translation adjustments	111	545
Balance at the end of the period	$ 7,385	$ 8,949

LONG-TERM DEBT AND OTHER NOTE_3

LONG-TERM DEBT AND OTHER NOTES PAYABLE - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt
Carrying amount, gross	$ 1,500,000	$ 1,500,000
Less: Unamortized debt issuance costs	(2,176)	(2,391)
Finance lease obligations	45,377	46,594
Total long-term debt and other notes payable (including current portion)	1,543,201	1,544,203
Fair value, total long-term debt, net	$ 1,071,075	1,257,203
Senior Secured Notes | 5 1/4% Senior Secured Notes due 2026
Debt
Interest rate	5.25%
Carrying amount, gross	$ 750,000	750,000
Fair value, total long-term debt, net	$ 625,200	665,678
Senior Unsecured Notes | 6 5/8% Senior Unsecured Notes due 2026
Debt
Interest rate	6.625%
Carrying amount, gross	$ 750,000	750,000
Fair value, total long-term debt, net	$ 445,875	$ 591,525

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax benefit (provision), net	$ 5,752	$ (14,706)
Effective income tax rate	(10.30%)	35.60%

RELATED PARTY TRANSACTIONS - _4

RELATED PARTY TRANSACTIONS - ECHOSTAR - Services and Other Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related party transactions
Total revenue	$ 380,004	$ 437,824
Services
Related party transactions
Total revenue	319,504	375,754
EchoStar | Services
Related party transactions
Total revenue	1,214	1,140
Related Party | DISH Network
Related party transactions
Total revenue	$ 2,407	$ 3,378

RELATED PARTY TRANSACTIONS - _5

RELATED PARTY TRANSACTIONS - ECHOSTAR - Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Related party transactions
Trade accounts receivable	$ 222,037	$ 233,915
EchoStar
Related party transactions
Related party receivables - EchoStar - non-current	60,841	61,283
Related Party | DISH Network
Related party transactions
Trade accounts receivable	$ 7,546	$ 5,038

RELATED PARTY TRANSACTIONS - _6

RELATED PARTY TRANSACTIONS - ECHOSTAR - Operating Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related party transactions
Operating expenses	$ 424,264	$ 394,416
EchoStar
Related party transactions
Operating expenses	20,478	20,910
Related Party | DISH Network
Related party transactions
Operating expenses	$ 874	$ 1,120

RELATED PARTY TRANSACTIONS - _7

RELATED PARTY TRANSACTIONS - ECHOSTAR - Payables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Related party transactions
Related party payables - EchoStar - current, net	$ 92,337	$ 101,163
Operating lease liabilities - EchoStar - current	99,485	155,932
Operating lease liabilities - EchoStar - non-current	810,558	897,084
Total lease liabilities	910,043
EchoStar
Related party transactions
Related party payables - EchoStar - current, net	17,915	195,558
Related party payables - EchoStar - non-current	26,277	26,453
Total related party payables - EchoStar	44,192	222,011
Operating lease liabilities - EchoStar - current	82,179	138,694
Operating lease liabilities - EchoStar - non-current	673,089	755,379
Total lease liabilities	755,268	894,073
Related Party | DISH Network
Related party transactions
Related party payables - EchoStar - current, net	$ 2,085	$ 1,847

RELATED PARTY TRANSACTIONS - _8

RELATED PARTY TRANSACTIONS - ECHOSTAR - Narrative (Details) $ in Thousands

1 Months Ended

3 Months Ended

Mar. 12, 2024 USD ($)

Feb. 15, 2024 USD ($)

Mar. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Jun. 30, 2021

Mar. 31, 2021 renewal

Sep. 30, 2019 renewal

Feb. 28, 2019

Dec. 31, 2017

Mar. 31, 2017

Jul. 31, 2015 renewal

Oct. 31, 2012

Jan. 31, 2010

Sep. 30, 2009 transponder

Mar. 31, 2024 USD ($)

Mar. 31, 2023 USD ($)

Related party transactions

Total revenue

$ 380,004

$ 437,824

Operating expenses

$ 424,264

394,416

TeleSat Transponder Agreement | Telesat Canada

Related party transactions

Number of transponders | transponder

32

Hughes Broadband Distribution Agreement

Related party transactions

Required minimum notice for termination of agreement (days)

180 days

Agreement term (in years)

5 years

Automatic renewal period (in years)

1 year

EchoStar XXIV Satellite Lease

Related party transactions

Satellite lease term

7 years

Satellite monthly lease expense

$ 15,900

Repayments of lease obligation

$ 100,000

Maximum | Related-Party Advances

Related party transactions

Interest rate

3%

3%

EchoStar

Related party transactions

Dividends

$ 500,000

$ 529,000

Related Party | TerreStar Agreement

Related party transactions

Minimum termination notice period (days)

21 days

Required minimum notice for termination of agreement (days)

90 days

Related Party | DISH Nimiq 5 Agreement

Related party transactions

Number of transponders | transponder

32

Related Party | DBSD North America Agreement

Related party transactions

Minimum termination notice period (days)

180 days

Related Party | DBSD North America Agreement | Quarter to Quarter

Related party transactions

Required minimum notice for termination of agreement (days)

120 days

Related Party | DBSD North America Agreement | Month to Month Basis

Related party transactions

Minimum termination notice period (days)

21 days

Related Party | Hughes Equipment And Service Agreement

Related party transactions

Minimum termination notice period (days)

365 days

Required minimum notice for termination of agreement (days)

180 days

Agreement term (in years)

5 years

Automatic renewal period (in years)

1 year

Related Party | Amended and Restated Professional Services Agreement

Related party transactions

Automatic renewal period (in years)

1 year

Related Party | EchoStar Amended and Restated Professional Services Agreement

Related party transactions

Required minimum notice for termination of agreement (days)

60 days

Required minimum notice for termination of individual service (days)

30 days

Related Party | Collocation and Antenna Space Agreements

Related party transactions

Number of renewal terms | renewal

4

Term of renewal option (in years)

3 years

3 years

Related Party | Collocation and Antenna Space Agreements | Cheyenne, Wyoming

Related party transactions

Agreement term (in years)

5 years

Number of renewal terms | renewal

4

Term of renewal option (in years)

3 years

Related Party | Collocation and Antenna Space Agreements | Cheyenne, Wyoming And Gilbert, Arizona

Related party transactions

Agreement term (in years)

5 years

Number of renewal terms | renewal

4

Term of renewal option (in years)

3 years

Related Party | Hughes Broadband Master Services Agreement

Related party transactions

Required minimum notice for termination of agreement (days)

90 days

Automatic renewal period (in years)

1 year

Cost of sales

$ 200

700

Related Party | TT&C Agreement

Related party transactions

Term of renewal option (in years)

1 year

Required renewal notice (days)

90 days

Termination notice required (months)

12 months

Related Party | Referral Marketing Agreement

Related party transactions

Termination notice

90 days

Related Party | Maximum | Collocation and Antenna Space Agreements

Related party transactions

Required renewal notice (days)

120 days

Termination notice required (months)

180 days

Related Party | Maximum | Collocation and Antenna Space Agreements | Cheyenne, Wyoming

Related party transactions

Required renewal notice (days)

120 days

Related Party | Maximum | Collocation and Antenna Space Agreements | Cheyenne, Wyoming And Gilbert, Arizona

Related party transactions

Required renewal notice (days)

120 days

Related Party | Minimum | Collocation and Antenna Space Agreements

Related party transactions

Required renewal notice (days)

90 days

Related Party | Minimum | Collocation and Antenna Space Agreements | Cheyenne, Wyoming

Related party transactions

Required renewal notice (days)

90 days

Related Party | Minimum | Collocation and Antenna Space Agreements | Cheyenne, Wyoming And Gilbert, Arizona

Related party transactions

Required renewal notice (days)

90 days

Related Party | EchoStar Mobile Limited

Related party transactions

Total revenue

$ 1,200

1,100

Related Party | EOC

Related party transactions

Interest rate on converted receivables loan

5%

Related Party | EOC | Construction Management Services

Related party transactions

Operating expenses

$ 400

Related Party | TerreStar Solutions, Inc.

Related party transactions

Investment nonvoting interest ownership percentage(at least)

40%

40%

RELATED PARTY TRANSACTIONS - _9

RELATED PARTY TRANSACTIONS - OTHER - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Deluxe/EchoStar LLC
Related party transactions
Equity interest, percentage in joint venture	50%
Broadband Connectivity Solutions
Related party transactions
Equity interest, percentage in joint venture	20%
Hughes Systique
Related party transactions
Ownership interest in related party (as a percent)	42%
Deluxe/EchoStar LLC
Related party transactions
Proceeds from dividends received	$ 3

RELATED PARTY TRANSACTIONS -_10

RELATED PARTY TRANSACTIONS - OTHER - Schedule of Revenue Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Deluxe/EchoStar LLC
Schedule of Equity Method Investments [Line Items]
Revenues	$ 1,369	$ 1,332
Broadband Connectivity Solutions
Schedule of Equity Method Investments [Line Items]
Revenues	$ 746	$ 822

RELATED PARTY TRANSACTIONS -_11

RELATED PARTY TRANSACTIONS - OTHER - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Trade accounts receivable	$ 222,037	$ 233,915
Deluxe/EchoStar LLC
Schedule of Equity Method Investments [Line Items]
Trade accounts receivable	1,063	1,247
Broadband Connectivity Solutions
Schedule of Equity Method Investments [Line Items]
Trade accounts receivable	$ 3,954	$ 3,333

RELATED PARTY TRANSACTIONS -_12

RELATED PARTY TRANSACTIONS - OTHER - Hughes Systique (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Amounts payable to Hughes Systique	$ 92,337		$ 101,163
Purchases from Hughes Systique	103,652	$ 112,355
Hughes Systique
Schedule of Investments [Line Items]
Amounts payable to Hughes Systique	1,483		$ 1,704
Purchases from Hughes Systique	$ 4,596

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	Sep. 01, 2020	Mar. 31, 2024
License Fee Dispute
Loss Contingencies [Line Items]
Payment schedule term	10 years
Hughes Telecommunicaoes do Brasil v. State of São Paulo Treasury Department of São Paulo Treasury Department | Pending Litigation
Loss Contingencies [Line Items]
Estimate of possible loss		$ 7.3

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Accrual For License Fees (Details) - License Fee Dispute - Hughes Network Systems - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Total accrual	$ 52,727		$ 61,720
Less: Payments	(37,929)	$ (27,807)
Less: Current portion	10,127		10,130
Total long-term accrual	42,600		51,590
Additional license fees
Loss Contingencies [Line Items]
Total accrual	3,404		3,405
Penalties
Loss Contingencies [Line Items]
Total accrual	3,494		3,495
Interest and interest on penalties
Loss Contingencies [Line Items]
Total accrual	$ 83,758		$ 82,627

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	2

SEGMENT REPORTING - Schedule of

SEGMENT REPORTING - Schedule of Revenue, EBITDA, and Capital Expenditures by Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting
Total revenue	$ 380,004	$ 437,824
Capital expenditures	68,526	47,025
EBITDA	52,745	143,485
Hughes
Segment Reporting
Total revenue	378,708	431,195
Corporate and Other
Segment Reporting
Total revenue	1,296	6,629
Operating segments | Hughes
Segment Reporting
Capital expenditures	68,331	47,025
EBITDA	69,974	157,234
Corporate and Other
Segment Reporting
Capital expenditures	195	0
EBITDA	$ (17,229)	$ (13,749)

SEGMENT REPORTING- Schedule of

SEGMENT REPORTING- Schedule of Reconciliation of EBITDA to Reported Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting [Abstract]
Income (loss) before income taxes	$ (56,018)	$ 41,334
Interest income, net	(17,015)	(17,948)
Interest expense, net of amounts capitalized	27,349	22,527
Depreciation and amortization	93,782	96,351
Net loss (income) attributable to non-controlling interests	4,647	1,221
EBITDA	$ 52,745	$ 143,485

SUPPLEMENTAL DATA - STATEMENT_3

SUPPLEMENTAL DATA - STATEMENTS OF CASH FLOWS - Schedule of Noncash Investing and Financing Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Supplemental disclosure of cash flow information:
Cash paid for interest, (including capitalized interest)	$ 51,414	$ 52,182
Cash received for interest	25,898	15,980
Cash paid for income taxes, net of refunds	196,214	0
Capitalized interest	0	2,566
Accrued capital expenditures	11,656	4,911
Related party transactions
Income taxes paid	196,214	$ 0
EchoStar
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	195,600
Related party transactions
Income taxes paid	$ 195,600

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended
	May 14, 2024 USD ($) employee $ / shares shares	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Apr. 01, 2024 shares
Subsequent Event [Line Items]
Stock-based compensation | $		$ 993	$ 1,096
Subsequent Event
Subsequent Event [Line Items]
Options accepted for exchange (in shares) | shares				4
New stock options issued (in shares) | shares	3
Number of eligible employees | employee	400
Exercise price (usd per share) | $ / shares	$ 14.04
Stock-based compensation | $	$ 3,000