8.Leases

We enter into operating and finance leases for, among other things, satellites, office space, data centers, warehouses and distribution centers, vehicles used for installation and Smart Home Services, wireless towers and other equipment. Our leases have remaining lease terms from one to 12 years, some of which include renewal options, and some of which include options to terminate the leases within one year.

Our Anik F3 satellite is accounted for as a financing lease. The vast majority of our remaining leases are accounted for as operating leases, including the remainder of our satellite fleet.

The components of lease expense were as follows:


	For the Three Months Ended
	March 31, 2019
	(In thousands)
Operating lease cost	$	81,070

Short-term lease cost (1)		2,484

Finance lease cost:
Amortization of right-of-use assets		6,108
Interest on lease liabilities		1,181
Total finance lease cost		7,289
Total lease costs	$	90,843

(1)

Leases that have terms of 12 month or less.

Supplemental cash flow information related to leases was as follows:


	For the Three Months Ended
	March 31, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	81,346
Operating cash flows from finance leases	$	1,195
Financing cash flows from finance leases	$	6,055

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	62,150
Finance leases	$	—

Right-of-use assets and liabilities recognized at January 1, 2019 upon adoption of ASC 842	$	733,584

Supplemental balance sheet information related to leases was as follows:


	As of March 31, 2019
	(In thousands)
Operating Leases:
Operating lease right-of-use assets	$	725,605

Other current liabilities	$	237,533
Operating lease liabilities		491,842
Total operating lease liabilities	$	729,375

Finance Leases:
Property and equipment, gross	$	224,454
Accumulated depreciation		(178,848)
Property and equipment, net	$	45,606

Other current liabilities	$	18,349
Other long-term liabilities		42,403
Total finance lease liabilities	$	60,752

Weighted Average Remaining Lease Term:
Operating leases		3.7 years
Finance leases		3.1 years

Weighted Average Discount Rate:
Operating leases		9.3%
Finance leases		7.5%

Maturities of lease liabilities as of March 31, 2019 were as follows:


	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2019 (remaining nine months)	$	227,988	$	16,740	$	244,728
2020		236,511		22,024		258,535
2021		195,840		22,026		217,866
2022		126,628		7,364		133,992
2023		24,628		—		24,628
Thereafter		51,556		—		51,556
Total lease payments		863,151		68,154		931,305
Less: Imputed interest		(133,776)		(7,402)		(141,178)
Total		729,375		60,752		790,127
Less: Current portion		(237,533)		(18,349)		(255,882)
Long-term portion of lease obligations	$	491,842	$	42,403	$	534,245