Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases

Summary of the components of lease expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
	(In thousands)
Operating lease cost (1)	$	15,075	$	41,226	$	43,007	$	81,602
Short-term lease cost (1)(2)		46,080		25,659		77,299		41,989
Finance lease cost:
Amortization of right-of-use assets (3)		8,612		8,619		17,224		21,084
Interest on lease liabilities (3)		1,332		2,234		2,896		4,768
Total finance lease cost (3)		9,944		10,853		20,120		25,852
Total lease costs	$	71,099	$	77,738	$	140,426	$	149,443

(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 Six Months Ended
	June 30,
	2023		2022
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	69,507	$	80,561
Operating cash flows from finance leases	$	4,837	$	4,866
Financing cash flows from finance leases	$	27,547	$	22,167
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	13,276	$	51,784
Finance leases	$	—	$	—

Summary of supplemental balance sheet information related to leases

	As of
	June 30,		December 31,
	2023		2022
	(In thousands)
Operating Leases:
Operating lease assets	$	98,760	$	130,454
Other current liabilities	$	41,535	$	60,203
Operating lease liabilities		61,732		75,142
Total operating lease liabilities	$	103,267	$	135,345
Finance Leases:
Property and equipment, gross	$	175,704	$	175,704
Accumulated depreciation		(132,693)		(115,469)
Property and equipment, net	$	43,011	$	60,235
Other current liabilities	$	39,960	$	38,102
Other long-term liabilities		10,627		31,104
Total finance lease liabilities	$	50,587	$	69,206
Weighted Average Remaining Lease Term:
Operating leases		4.1 years		3.7 years
Finance leases		1.3 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 six months)	$	25,739	$	21,431	$	47,170
2024		36,287		32,147		68,434
2025		20,408		—		20,408
2026		11,548		—		11,548
2027		6,574		—		6,574
Thereafter		23,353		—		23,353
Total lease payments		123,909		53,578		177,487
Less: Imputed interest		(20,642)		(2,991)		(23,633)
Total		103,267		50,587		153,854
Less: Current portion		(41,535)		(39,960)		(81,495)
Long-term portion of lease obligations	$	61,732	$	10,627	$	72,359

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 six months)	$	25,739	$	21,431	$	47,170
2024		36,287		32,147		68,434
2025		20,408		—		20,408
2026		11,548		—		11,548
2027		6,574		—		6,574
Thereafter		23,353		—		23,353
Total lease payments		123,909		53,578		177,487
Less: Imputed interest		(20,642)		(2,991)		(23,633)
Total		103,267		50,587		153,854
Less: Current portion		(41,535)		(39,960)		(81,495)
Long-term portion of lease obligations	$	61,732	$	10,627	$	72,359