Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases

Summary of the components of lease expense

	For the Three Months Ended
	March 31,
	2023		2022
	(In thousands)
Operating lease cost (1)	$	27,932	$	40,376
Short-term lease cost (1)(2)		31,219		16,330
Finance lease cost:
Amortization of right-of-use assets (3)		8,612		12,465
Interest on lease liabilities (3)		1,564		2,534
Total finance lease cost (3)		10,176		14,999
Total lease costs	$	69,327	$	71,705

(1) The decrease in “Operating lease cost” is primarily related to our intercompany satellite leases with DISH Network, which were reclassified to “Short-term lease costs” during 2022 and the first quarter of 2023. All of our satellite operating leases with DISH Network are now short-term leases.

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

(3) The decrease in finance lease cost is primarily related to the Anik F3 finance lease which was extended in April 2022 and, as a result, is currently accounted for as an operating lease.

Summary of Supplemental cash flow information related to leases

	For the Three Months Ended
	March 31,
	2023		2022
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	54,497	$	39,163
Operating cash flows from finance leases	$	3,351	$	2,472
Financing cash flows from finance leases	$	18,080	$	10,170
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	9,380	$	15,792
Finance leases	$	—	$	—

Summary of supplemental balance sheet information related to leases

	As of
	March 31,		December 31,
	2023		2022
	(In thousands)
Operating Leases:
Operating lease assets	$	108,613	$	130,454
Other current liabilities	$	46,419	$	60,203
Operating lease liabilities		66,635		75,142
Total operating lease liabilities	$	113,054	$	135,345
Finance Leases:
Property and equipment, gross	$	175,704	$	175,704
Accumulated depreciation		(124,081)		(115,469)
Property and equipment, net	$	51,623	$	60,235
Other current liabilities	$	39,060	$	38,102
Other long-term liabilities		20,993		31,104
Total finance lease liabilities	$	60,053	$	69,206
Weighted Average Remaining Lease Term:
Operating leases		4.1 years		3.7 years
Finance leases		1.5 years		1.8 years
Weighted Average Discount Rate:
Operating leases		7.2%		7.2%
Finance leases		10.0%		10.0%

Summary of maturities of operating lease liabilities

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2023 (remaining nine months)	$	40,376	$	32,234	$	72,610
2024		34,976		32,147		67,123
2025		19,078		—		19,078
2026		10,723		—		10,723
2027		6,223		—		6,223
Thereafter		23,412		—		23,412
Total lease payments		134,788		64,381		199,169
Less: Imputed interest		(21,734)		(4,328)		(26,062)
Total		113,054		60,053		173,107
Less: Current portion		(46,419)		(39,060)		(85,479)
Long-term portion of lease obligations	$	66,635	$	20,993	$	87,628

Summary of maturities of finance lease liabilities

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2023 (remaining nine months)	$	40,376	$	32,234	$	72,610
2024		34,976		32,147		67,123
2025		19,078		—		19,078
2026		10,723		—		10,723
2027		6,223		—		6,223
Thereafter		23,412		—		23,412
Total lease payments		134,788		64,381		199,169
Less: Imputed interest		(21,734)		(4,328)		(26,062)
Total		113,054		60,053		173,107
Less: Current portion		(46,419)		(39,060)		(85,479)
Long-term portion of lease obligations	$	66,635	$	20,993	$	87,628