Long-Term Debt and Finance Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Long-Term Debt and Finance Lease Obligations

Schedule of carrying amount and fair value of our debt facilities

	As of
	September 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)		951,168		916,688		1,000,000		906,970
5 7/8% Senior Notes due 2024 (3)		1,989,139		1,855,529		2,000,000		1,870,940
0% Convertible Notes due 2025 (4)		1,957,197		1,321,108		2,000,000		1,287,540
7 3/4% Senior Notes due 2026		2,000,000		1,504,760		2,000,000		1,620,280
3 3/8% Convertible Notes due 2026 (5)		2,908,801		1,757,643		3,000,000		1,894,230
5 1/4% Senior Secured Notes due 2026		2,750,000		2,338,683		2,750,000		2,336,813
11 3/4% Senior Secured Notes due 2027 (6)		3,500,000		3,522,750		2,000,000		2,071,240
7 3/8% Senior Notes due 2028		1,000,000		634,930		1,000,000		708,320
5 3/4% Senior Secured Notes due 2028		2,500,000		1,928,025		2,500,000		2,013,675
5 1/8% Senior Notes due 2029		1,500,000		841,710		1,500,000		976,755
Other notes payable		116,800		116,800		138,303		138,303
Subtotal		21,173,105	$	16,738,626		21,331,482	$	17,266,700
Unamortized deferred financing costs and other debt discounts, net		(68,283)				(105,697)
Finance lease obligations (7)		139,189				123,353
Total long-term debt and finance lease obligations (including current portion)	$	21,244,011			$	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 nine months ended September 30, 2023, we repurchased approximately $44 million and $49 million, respectively, of our 2 3/8% Convertible Notes due 2024 in open market trades. The remaining balance of approximately $951 million matures on March 15, 2024. Our 2 3/8% Convertible Notes due 2024 are included in “Current portion of long-term debt and finance lease obligations” on our Condensed Consolidated Balance Sheets as of September 30, 2023.

(3) During both the three and nine months ended September 30, 2023, we repurchased approximately $11 million of our 5 7/8% Senior Notes due 2024 in open market trades. The remaining balance of approximately $1.989 billion matures on November 15, 2024.

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

(5) During the three and nine months ended September 30, 2023, we repurchased approximately zero and $91 million, respectively, 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.

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

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