Leases (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental balance sheet information for leases was as follows (in thousands):


	As of December 31, 2021		As of December 31, 2020
Lease assets:
Finance lease right-of-use assets, net:
Property and equipment, gross	$	737,444	$	364,910
Accumulated depreciation	(94,729)		(71,288)
Property and equipment, net	642,715		293,622
Operating lease right-of-use assets	542,128		599,985
Total lease assets	$	1,184,843	$	893,607
Lease liabilities:
Finance lease liabilities:
Current portion of debt	$	51,470	$	51,856
Long-term debt	420,805		161,509
Total finance lease liabilities	472,275		213,365
Operating lease liabilities:
Current portion of operating lease liabilities	68,922		102,677
Long-term operating lease liabilities	534,726		563,876
Total operating lease liabilities	603,648		666,553
Total lease liabilities	$	1,075,923	$	879,918

The components of lease expense were as follows (in thousands):


	Consolidated Statement of Comprehensive Income (Loss) Classification	Year ended December 31, 2021		Year ended December 31, 2020		Year ended December 31, 2019
Lease costs:
Operating lease costs	Commission, transportation and other	$	18,860	$	38,349	$	76,226
Operating lease costs	Other operating expenses	23,261		30,955		27,868
Operating lease costs	Marketing, selling and administrative expenses	18,027		21,971		18,837
Finance lease costs:
Amortization of right-of-use-assets	Depreciation and amortization expenses	16,814		6,901		22,044
Interest on lease liabilities	Interest expense, net of interest capitalized	2,593		4,429		8,355
Total lease costs		$	79,555	$	102,605	$	153,330

Weighted average of the remaining lease terms and weighted average discount rates are as follows:


	As of December 31, 2021		As of December 31, 2020
Weighted average of the remaining lease term
Operating leases	18.18		7.8
Finance leases	23.96		41.2
Weighted average discount rate
Operating leases	6.52	%	4.59	%
Finance leases	5.54	%	6.89	%

Supplemental cash flow information related to leases is as follows (in thousands):


	Year ended December 31, 2021		Year ended December 31, 2020		Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	42,759	$	89,179	$	125,307
Operating cash flows from finance leases	$	2,593	$	4,429	$	8,355
Financing cash flows from finance leases	$	23,522	$	19,778	$	32,090

As of December 31, 2021, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases
2022	$	101,445	$	72,076
2023	104,585		52,340
2024	85,463		43,497
2025	80,182		43,089
2026	74,626		37,900
Thereafter	826,226		632,709
Total lease payments	1,272,527		881,611
Less: Interest	(668,879)		(409,336)
Present value of lease liabilities	$	603,648	$	472,275

As of December 31, 2021, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases
2022	$	101,445	$	72,076
2023	104,585		52,340
2024	85,463		43,497
2025	80,182		43,089
2026	74,626		37,900
Thereafter	826,226		632,709
Total lease payments	1,272,527		881,611
Less: Interest	(668,879)		(409,336)
Present value of lease liabilities	$	603,648	$	472,275