Long-Term Debt and Finance Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2023

Long-Term Debt and Finance Lease Obligations

Schedule of carrying amount and fair value of our debt facilities

	As of
	June 30, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
5% Senior Notes due 2023 (1)	$	—	$	—	$	1,443,179	$	1,441,635
2 3/8% Convertible Notes due 2024 (2)		995,000		886,794		1,000,000		906,970
5 7/8% Senior Notes due 2024		2,000,000		1,767,940		2,000,000		1,870,940
0% Convertible Notes due 2025 (3)		1,957,197		1,042,070		2,000,000		1,287,540
7 3/4% Senior Notes due 2026		2,000,000		1,239,220		2,000,000		1,620,280
3 3/8% Convertible Notes due 2026 (4)		2,908,801		1,468,945		3,000,000		1,894,230
5 1/4% Senior Secured Notes due 2026		2,750,000		2,217,655		2,750,000		2,336,813
11 3/4% Senior Secured Notes due 2027 (5)		3,500,000		3,420,340		2,000,000		2,071,240
7 3/8% Senior Notes due 2028		1,000,000		541,430		1,000,000		708,320
5 3/4% Senior Secured Notes due 2028		2,500,000		1,878,475		2,500,000		2,013,675
5 1/8% Senior Notes due 2029		1,500,000		705,975		1,500,000		976,755
Other notes payable		121,463		121,463		138,303		138,303
Subtotal		21,232,461	$	15,290,307		21,331,482	$	17,266,700
Unamortized deferred financing costs and other debt discounts, net		(72,838)				(105,697)
Finance lease obligations (6)		149,846				123,353
Total long-term debt and finance lease obligations (including current portion)	$	21,309,469			$	21,349,138

(1) We had repurchased or redeemed the principal balance of our 5% Senior Notes due 2023 as of March 15, 2023, the instrument’s maturity date.

(2) During the three and six months ended June 30, 2023, we repurchased approximately $5 million of our 2 3/8% Convertible Notes due 2024 in open market trades. The remaining balance of approximately $995 million matures on March 15, 2024. Our 2 3/8% Convertible Notes due 2024 mature on March 15, 2024 and are included in “Current portion of long-term debt and finance lease obligations” on our Condensed Consolidated Balance Sheets as of June 30, 2023.

(3) During the three and six months ended June 30, 2023, we repurchased approximately $43 million of our 0% Convertible Notes due 2025 in open market trades. The remaining balance of approximately $1.957 billion matures on December 15, 2025.

(4) During the three and six months ended June 30, 2023, we repurchased approximately $91 million of our 3 3/8% Convertible Notes due 2026 in open market trades. The remaining balance of approximately $2.909 billion matures on August 15, 2026.

(5) On January 26, 2023, we issued an additional $1.5 billion aggregate principal amount of our 11 3/4% Senior Secured Notes due 2027.

(6) Disclosure regarding fair value of finance leases is not required.