Segment Reporting

3 Months Ended

Mar. 31, 2024

Segment Reporting

Segment Reporting

10.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. Operating income is the primary measure used by our chief operating decision maker to evaluate segment operating performance. We currently operate three primary business segments: (1) Pay-TV; (2) Retail Wireless and (3) 5G Network Deployment. See Note 1 for further information.

All other and eliminations primarily include intersegment eliminations related to intercompany debt and the related interest income and interest expense, which are eliminated in consolidation.

The total assets, revenue and operating income, and purchases of property and equipment, net of refunds, (including capitalized interest related to Regulatory authorizations) by segment were as follows:

	As of
	March 31,		December 31,
	2024		2023
	(In thousands)
Total assets:
Pay-TV	$	49,325,095	$	49,437,958
Retail Wireless		750,328		777,957
5G Network Deployment (1)		39,403,966		46,793,378
Eliminations		(46,041,346)		(45,596,262)
Total assets	$	43,438,043	$	51,413,031

(1) This change primarily resulted from the Sale and Transfer of Assets to EchoStar. See Note 1 for further information.

	For the Three Months Ended
	March 31,
	2024		2023
	(In thousands)
Revenue:
Pay-TV	$	2,726,578	$	2,972,131
Retail Wireless		905,850		974,866
5G Network Deployment		28,928		18,907
Eliminations		(21,467)		(8,922)
Total revenue	$	3,639,889	$	3,956,982
Operating income (loss):
Pay-TV	$	670,243	$	675,233
Retail Wireless		(74,417)		(18,207)
5G Network Deployment		(570,034)		(333,603)
Eliminations		187		—
Total operating income (loss)	$	25,979	$	323,423
Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations):
Pay-TV	$	27,877	$	35,563
Retail Wireless		—		—
5G Network Deployment		481,002		871,042
Total purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations)	$	508,879	$	906,605

The revenue from external customers disaggregated by major revenue source was as follows:

	For the Three Months Ended
	March 31,
Category:	2024		2023
	(In thousands)
Pay-TV subscriber and related revenue	$	2,701,179	$	2,944,482
Retail wireless services and related revenue		804,265		867,111
5G network deployment services and related revenue		4		—
Pay-TV equipment sales and other revenue		25,399		27,649
Retail wireless equipment sales and other revenue		101,585		107,755
5G network deployment equipment sales and other revenue		28,924		18,907
Eliminations		(21,467)		(8,922)
Total	$	3,639,889	$	3,956,982