CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 2,431,742	$ 4,305,393
Current restricted cash, cash equivalents and marketable investment securities	169,575	150,898
Marketable investment securities	1,482,828	1,242,036
Trade accounts receivable, net of allowance for credit losses of $91,384 and $82,628, respectively	1,127,101	1,198,731
Inventory	416,068	455,197
Prepaids and other assets	384,301	655,233
Other current assets	20,675	88,255
Total current assets	6,032,290	8,095,743
Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities	174,352	169,627
Property and equipment, net	3,084,793	9,187,132
Regulatory authorizations, net	34,924,214	39,442,166
Other investments, net	193,272	202,327
Operating lease assets	291,846	3,260,768
Intangible assets, net	62,949	74,939
Other noncurrent assets, net	507,650	505,985
Total noncurrent assets	39,239,076	52,842,944
Total assets	45,271,366	60,938,687
Current Liabilities:
Trade accounts payable	668,186	740,984
Deferred revenue and other	652,398	650,940
Accrued programming	1,222,607	1,339,072
Accrued interest	631,933	352,499
Other accrued expenses and liabilities	2,267,668	1,804,516
Current portion of debt, finance lease and other obligations (Note 9)	4,519,619	943,029
Total current liabilities	9,962,411	5,831,040
Long-Term Obligations, Net of Current Portion:
Long-term debt, finance lease and other obligations, net of current portion (Note 9)	21,791,251	25,660,288
Deferred tax liabilities, net	680,784	4,988,653
Operating lease liabilities	4,266,240	3,211,407
Long-term deferred revenue and other long-term liabilities	1,563,809	1,002,074
Total long-term obligations, net of current portion	28,302,084	34,862,422
Total liabilities	38,264,495	40,693,462
Commitments and Contingencies (Note 10)
Stockholders' Equity (Deficit):
Additional paid-in capital	8,849,985	8,768,360
Accumulated other comprehensive income (loss)	(178,779)	(195,711)
Accumulated earnings (deficit)	(1,671,560)	11,618,437
Treasury stock, at cost	(48,512)
Total EchoStar stockholders' equity (deficit)	6,951,424	20,191,372
Noncontrolling interests	55,447	53,853
Total stockholders' equity (deficit)	7,006,871	20,245,225
Total liabilities and stockholders' equity (deficit)	45,271,366	60,938,687
Class A common stock
Stockholders' Equity (Deficit):
Common stock	159	155
Class B common stock
Stockholders' Equity (Deficit):
Common stock	$ 131	$ 131

EchoStar CORP 10-Q