Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Components of Lease Expense

	For the Years Ended December 31,
	2021		2020		2019
Operating lease cost (1)	$	89,565	$	71,863	$	223,825
Short-term lease cost (2)		12,956		11,870		12,077
Finance lease cost:
Amortization of right-of-use assets		65,967		71,318		35,004
Interest on lease liabilities		14,693		21,007		10,800
Total finance lease cost		80,660		92,325		45,804
Total lease costs	$	183,181	$	176,058	$	281,706

(1) Pursuant to the Master Transaction Agreement, effective September 10, 2019, approximately $495 million of previously reported operating lease assets and the related liabilities for satellites and real estate assets were transferred to us. See Note 20 for further information. These satellite and real estate assets are no longer included in “Operating lease assets,” “Other current liabilities” and “Operating lease liabilities,” but rather in “Property and equipment, net” on our Consolidated Balance Sheets. Lease expense related to these satellites and real estate assets for the year ended December 31, 2019 were $159 million.

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

Summary of Supplemental cash flow information related to leases

	For the Years Ended December 31,
	2021		2020		2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	72,479	$	72,352	$	227,451
Operating cash flows from finance leases	$	12,868	$	21,007	$	10,800
Financing cash flows from finance leases	$	62,679	$	65,979	$	34,358
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (1)	$	1,467,983	$	47,225	$	118,381
Finance leases	$	—	$	—	$	187,339
Right-of-use assets and liabilities recognized at January 1, 2019 upon adoption of ASC 842					$	733,584

Summary of supplemental balance sheet information related to leases

	As of December 31,
	2021		2020
	(In thousands)
Operating Leases:
Operating lease assets (1)	$	1,493,410	$	104,271
Other current liabilities	$	75,748	$	56,856
Operating lease liabilities (1)		1,453,395		63,526
Total operating lease liabilities	$	1,529,143	$	120,382
Finance Leases:
Property and equipment, gross (2)	$	568,889	$	889,708
Accumulated depreciation (2)		(499,188)		(754,292)
Property and equipment, net (2)	$	69,701	$	135,416
Other current liabilities	$	34,772	$	58,379
Other long-term liabilities		64,886		103,795
Total finance lease liabilities	$	99,658	$	162,174
Weighted Average Remaining Lease Term:
Operating leases (1)		12.9 years		2.8 years
Finance leases		2.6 years		3.1 years
Weighted Average Discount Rate:
Operating leases		5.3%		4.2%
Finance leases		11.0%		10.4%

Summary of maturities of operating lease liabilities

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2022	$	101,935	$	43,149	$	145,084
2023		114,271		41,029		155,300
2024		126,116		30,707		156,823
2025		140,519		—		140,519
2026		156,264		—		156,264
Thereafter		1,630,118		—		1,630,118
Total lease payments		2,269,223		114,885		2,384,108
Less: Imputed interest		(740,080)		(15,227)		(755,307)
Total		1,529,143		99,658		1,628,801
Less: Current portion		(75,748)		(34,772)		(110,520)
Long-term portion of lease obligations	$	1,453,395	$	64,886	$	1,518,281

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of December 31, 2021 were as follows:

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2022	$	101,935	$	43,149	$	145,084
2023		114,271		41,029		155,300
2024		126,116		30,707		156,823
2025		140,519		—		140,519
2026		156,264		—		156,264
Thereafter		1,630,118		—		1,630,118
Total lease payments		2,269,223		114,885		2,384,108
Less: Imputed interest		(740,080)		(15,227)		(755,307)
Total		1,529,143		99,658		1,628,801
Less: Current portion		(75,748)		(34,772)		(110,520)
Long-term portion of lease obligations	$	1,453,395	$	64,886	$	1,518,281