Property and Equipment |
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment |
Property and Equipment
Property and equipment, net, consists of the following:
Construction in progress consists of the following:
Depreciation and amortization expense on property and equipment was $80 and $70 for the three months ended September 30, 2019 and 2018, respectively, and $241 and $205 for the nine months ended September 30, 2019 and 2018,
respectively. There were no retirements of property and equipment during the nine months ended September 30, 2019 and 2018.
We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our satellites. Capitalized interest is recorded as part of the asset’s cost and depreciated over the satellite’s useful life. Capitalized interest costs were $4 and $3 for the three months ended September 30, 2019 and 2018, respectively, and $12 and $8 for the nine months ended September 30, 2019 and 2018, respectively, which related to the construction of our SXM-7 and SXM-8 satellites. We also capitalize a portion of share-based compensation related to employee time for capitalized software projects. Capitalized share-based compensation costs were $2 and $9 for the three and nine months ended September 30, 2019, respectively. We did not capitalize any share-based compensation for the three and nine months ended September 30, 2018.
Satellites
As of September 30, 2019, we owned a fleet of five satellites. The chart below provides certain information on our satellites as of September 30, 2019:
Each satellite requires an FCC license and prior to the expiration of each license, we are required to apply for a renewal of the FCC satellite licenses. The renewal and extension of our licenses is reasonably certain at minimal cost, which is expensed as incurred.
The following table outlines the years in which each of our satellite licenses expires:
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