XML 45 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases  
Components of Lease Expense

For the Three Months Ended 

For the Six Months Ended 

June 30,

June 30,

    

2021

2020

2021

2020

(In thousands)

Operating lease cost

$

18,798

$

18,118

$

33,581

$

35,849

Short-term lease cost (1)

3,726

2,891

7,198

5,558

Finance lease cost:

Amortization of right-of-use assets

17,830

17,755

35,659

35,659

Interest on lease liabilities

3,880

5,443

8,168

11,256

Total finance lease cost

21,710

23,198

43,827

46,915

Total lease costs

$

44,234

$

44,207

$

84,606

$

88,322

(1)Leases that have terms of 12 months or less.

Summary of Supplemental cash flow information related to leases

For the Six Months Ended 

June 30,

    

2021

2020

(In thousands)

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

34,377

$

35,977

Operating cash flows from finance leases

$

6,599

$

11,256

Financing cash flows from finance leases

$

31,276

$

31,181

Right-of-use assets obtained in exchange for lease obligations:

Operating leases (1)

$

222,908

$

22,708

Finance leases

$

$

(1)The increase in operating lease assets primarily related to communication tower leases.
Summary of supplemental balance sheet information related to leases

As of

June 30,

December 31,

2021

2020

(In thousands)

Operating Leases:

Operating lease assets (1)

$

293,570

$

104,271

Other current liabilities

$

53,411

$

56,856

Operating lease liabilities (1)

253,321

63,526

Total operating lease liabilities

$

306,732

$

120,382

Finance Leases:

Property and equipment, gross

$

889,708

$

889,708

Accumulated depreciation

(789,951)

(754,292)

Property and equipment, net

$

99,757

$

135,416

Other current liabilities

$

49,767

$

58,379

Other long-term liabilities

81,131

103,795

Total finance lease liabilities

$

130,898

$

162,174

Weighted Average Remaining Lease Term:

Operating leases (1)

10.0 years

2.8 years

Finance leases

2.8 years

3.1 years

Weighted Average Discount Rate:

Operating leases

4.7%

4.2%

Finance leases

10.7%

10.4%

(1)The increase in operating lease assets primarily related to communication tower leases.
Summary of maturities of finance lease liabilities

Maturities of Lease Liabilities

Operating

Finance

For the Years Ending December 31,

Leases

Leases

Total

(In thousands)

2021 (remaining six months)

$

33,107

$

32,428

$

65,535

2022

48,502

48,307

96,809

2023

34,813

40,942

75,755

2024

29,060

30,707

59,767

2025

22,803

22,803

Thereafter

244,212

244,212

Total lease payments

412,497

152,384

564,881

Less: Imputed interest

(105,765)

(21,486)

(127,251)

Total

306,732

130,898

437,630

Less: Current portion

(53,411)

(49,767)

(103,178)

Long-term portion of lease obligations

$

253,321

$

81,131

$

334,452