Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2020

Property and Equipment

Schedule of property and equipment

	Depreciable		As of
	Life	June 30,		December 31,
	(In Years)	2020		2019
		(In thousands)
Equipment leased to customers	2-5	$	1,779,445	$	1,837,503
EchoStar XV	15		277,658		277,658
EchoStar XVIII	15		411,255		411,255
Satellites acquired under finance lease agreements	15		398,107		398,107
Furniture, fixtures, equipment and other	2-20		1,934,783		1,894,629
Buildings and improvements	5-40		294,342		289,421
Land	-		13,186		13,186
Construction in progress	-		62,862		70,081
Total property and equipment			5,171,638		5,191,840
Accumulated depreciation			(3,509,710)		(3,440,267)
Property and equipment, net		$	1,661,928	$	1,751,573

Schedule of depreciation and amortization expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(In thousands)
Equipment leased to customers	$	69,489	$	86,453	$	149,171	$	194,589
Satellites		23,796		12,920		47,593		23,575
Buildings, furniture, fixtures, equipment and other		29,584		36,227		61,190		72,551
Total depreciation and amortization	$	122,869	$	135,600	$	257,954	$	290,715

Schedule of pay-TV satellite fleet

		Degree
	Launch	Orbital	Lease
Satellites	Date	Location	Termination Date
Owned:
EchoStar XV	July 2010	61.5	N/A
EchoStar XVIII	June 2016	61.5	N/A
Leased from EchoStar (1):
EchoStar IX	August 2003	121	Month to month
Leased from DISH Network (2):
EchoStar X	February 2006	110	February 2021
EchoStar XI	July 2008	110	September 2021
EchoStar XIV	March 2010	119	February 2023
EchoStar XVI	November 2012	61.5	January 2023
Nimiq 5 (3)	September 2009	72.7	September 2020
QuetzSat-1	September 2011	77	November 2021
Leased from Other Third Party:
Anik F3	April 2007	118.7	April 2022
Ciel II	December 2008	129	January 2021

(1) See Note 13 for further information on our Related Party Transactions with EchoStar.

(2) See Note 13 for further information on our Related Party Transactions with DISH Network.

(3) The Nimiq 5 satellite, for which we have the option to renew on a year-to-year basis through September 2024 (when DISH Network’s lease term expires) was previously classified as an operating lease. As a result of the Master Transaction Agreement and expiration of the initial lease term, we now include our options to renew the lease through September 2024 in the lease term as we are reasonably certain to exercise those options. Accordingly, Nimiq 5 is now accounted for as a finance lease.