Property and Equipment

9 Months Ended

Sep. 30, 2021

Property and Equipment

Property and Equipment

6. Property and Equipment

Property and equipment consisted of the following:

	Depreciable		As of
	Life	September 30,		December 31,
	(In Years)	2021		2020
		(In thousands)
Equipment leased to customers	2-5	$	1,577,182	$	1,719,778
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		1,950,597		1,969,107
Buildings and improvements	5-40		297,191		301,037
Land	-		12,505		13,186
Construction in progress	-		36,203		51,800
Total property and equipment			4,960,698		5,141,928
Accumulated depreciation			(3,611,522)		(3,577,224)
Property and equipment, net		$	1,349,176	$	1,564,704

Depreciation and amortization expense consisted of the following:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(In thousands)
Equipment leased to customers	$	60,616	$	71,551	$	188,405	$	220,722
Satellites		23,797		23,796		71,390		71,389
Buildings, furniture, fixtures, equipment and other		25,506		29,669		76,757		90,859
Total depreciation and amortization	$	109,919	$	125,016	$	336,552	$	382,970

Cost of sales and operating expense categories included in our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) do not include depreciation expense related to satellites or equipment leased to customers.

Pay-TV Satellites. We currently utilize 11 satellites in geostationary orbit approximately 22,300 miles above the equator, two of which we own and depreciate over their estimated useful life. We currently utilize certain capacity on six satellites that we lease from DISH Network, one satellite that we lease from EchoStar, and two satellites that we lease from third parties. All leased satellites are accounted for as operating leases except Nimiq 5 and Anik F3, which are accounted for as financing leases and are depreciated over their economic life.

As of September 30, 2021, our pay-TV satellite fleet consisted of the following:

		Degree
	Launch	Orbital	Lease
Satellites	Date	Location	Termination Date
Owned:
EchoStar XV	July 2010	61.5	N/A
EchoStar XVIII	June 2016	61.5	N/A
Leased from EchoStar:
EchoStar IX	August 2003	121	Month to month
Leased from DISH Network (1):
EchoStar X	February 2006	110	February 2022
EchoStar XI	July 2008	110	September 2022
EchoStar XIV	March 2010	119	February 2023
EchoStar XVI	November 2012	61.5	January 2023
Nimiq 5	September 2009	72.7	September 2022
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 2022

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