Leases

6 Months Ended

Jun. 30, 2019

Leases

Leases

7. 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 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.  Substantially all 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		For the Six Months Ended
	June 30, 2019		June 30, 2019
	(In thousands)
Operating lease cost	$	81,762	$	162,048
Short-term lease cost (1)		12,141		31,426
Finance lease cost:
Amortization of right-of-use assets		3,805		9,913
Interest on lease liabilities		1,099		2,280
Total finance lease cost		4,904		12,193
Total lease costs	$	98,807	$	205,667

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

Supplemental cash flow information related to leases was as follows:

	For the Six Months Ended
	June 30, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	164,159
Operating cash flows from finance leases	$	2,295
Financing cash flows from finance leases	$	10,454
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	61,872
Finance leases	$	—
Right-of-use assets and liabilities recognized at January 1, 2019 upon adoption of ASC 842	$	730,180

Supplemental balance sheet information related to leases was as follows:

	As of
	June 30, 2019
	(In thousands)
Operating Leases:
Operating lease right-of-use assets	$	651,971
Other current liabilities	$	217,390
Operating lease liabilities		436,574
Total operating lease liabilities	$	653,964
Finance Leases:
Property and equipment, gross	$	224,454
Accumulated depreciation		(182,653)
Property and equipment, net	$	41,801
Other current liabilities	$	18,466
Other long-term liabilities		37,657
Total finance lease liabilities	$	56,123
Weighted Average Remaining Lease Term:
Operating leases		3.6 years
Finance leases		2.8 years
Weighted Average Discount Rate:
Operating leases		9.1%
Finance leases		7.5%

Maturities of lease liabilities as of June 30, 2019 were as follows:

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2019 (remaining six months)	$	144,459	$	11,012	$	155,471
2020		233,895		22,024		255,919
2021		193,126		22,026		215,152
2022		123,971		7,363		131,334
2023		23,929		—		23,929
Thereafter		51,054		—		51,054
Total lease payments		770,434		62,425		832,859
Less: Imputed interest		(116,470)		(6,302)		(122,772)
Total		653,964		56,123		710,087
Less: Current portion		(217,390)		(18,466)		(235,856)
Long-term portion of lease obligations	$	436,574	$	37,657	$	474,231