Leases (Tables)

12 Months Ended

Dec. 31, 2022

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


	As of December 31, 2022		As of December 31, 2021
Lease assets:
Finance lease right-of-use assets, net:
Property and equipment, gross	$	668,801	$	737,444
Accumulated depreciation	(123,567)		(94,729)
Property and equipment, net	545,234		642,715
Operating lease right-of-use assets	537,559		542,128
Total lease assets	$	1,082,793	$	1,184,843
Lease liabilities:
Finance lease liabilities:
Current portion of debt	$	34,154	$	51,470
Long-term debt	317,178		420,805
Total finance lease liabilities	351,332		472,275
Operating lease liabilities:
Current portion of operating lease liabilities	79,760		68,922
Long-term operating lease liabilities	523,006		534,726
Total operating lease liabilities	602,766		603,648
Total lease liabilities	$	954,098	$	1,075,923

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


	Consolidated Statement of Comprehensive Income (Loss) Classification	Year ended December 31, 2022		Year ended December 31, 2021		Year ended December 31, 2020
Lease costs:
Operating lease costs	Commission, transportation and other	$	127,315	$	18,860	$	38,349
Operating lease costs	Other operating expenses	22,085		23,261		30,955
Operating lease costs	Marketing, selling and administrative expenses	18,646		18,027		21,971
Finance lease costs:
Amortization of right-of-use-assets	Depreciation and amortization expenses	24,428		16,814		6,901
Interest on lease liabilities	Interest expense, net of interest capitalized	21,550		2,593		4,429
Total lease costs		$	214,024	$	79,555	$	102,605

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


	As of December 31, 2022		As of December 31, 2021
Weighted average of the remaining lease term
Operating leases	17.69		18.18
Finance leases	19.26		23.96
Weighted average discount rate
Operating leases	6.92	%	6.52	%
Finance leases	6.43	%	5.54	%

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


	Year ended December 31, 2022		Year ended December 31, 2021		Year ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	126,797	$	42,759	$	89,179
Operating cash flows from finance leases	$	21,550	$	2,593	$	4,429
Financing cash flows from finance leases	$	48,199	$	23,522	$	19,778

As of December 31, 2022, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases
2023	$	115,636	$	53,617
2024	101,801		44,465
2025	96,290		43,974
2026	90,178		38,412
2027	70,424		37,358
Thereafter	789,158		706,070
Total lease payments	1,263,487		923,896
Less: Interest	(660,721)		(572,564)
Present value of lease liabilities	$	602,766	$	351,332

As of December 31, 2022, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases
2023	$	115,636	$	53,617
2024	101,801		44,465
2025	96,290		43,974
2026	90,178		38,412
2027	70,424		37,358
Thereafter	789,158		706,070
Total lease payments	1,263,487		923,896
Less: Interest	(660,721)		(572,564)
Present value of lease liabilities	$	602,766	$	351,332