Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases

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)		$	122,901		$	76,810		$	234,334		$	137,912

Short-term lease cost (2)			2,703			3,385			5,421			6,939

Finance lease cost:
Amortization of right-of-use assets			13,133			6,048			40,189			15,941
Interest on lease liabilities			3,824			2,426			7,394			5,158
Total finance lease cost			16,957			8,474			47,583			21,099
Total lease costs		$	142,561		$	88,669		$	287,338		$	165,950

(1)	The increase in operating lease cost is primarily related to communication tower leases.

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

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		$	142,803		$	55,764
Operating cash flows from finance leases		$	6,796		$	4,218
Financing cash flows from finance leases		$	24,617		$	18,444

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	407,195		$	900,154
Finance leases		$	51,110		$	31,812

Summary of supplemental balance sheet information related to leases


		As of
		June 30,			December 31,
		2023			2022

		(In thousands)
Operating Leases:
Operating lease assets		$	2,965,682		$	2,687,522

Other current liabilities		$	250,150		$	194,030
Operating lease liabilities			2,995,945			2,687,883
Total operating lease liabilities		$	3,246,095		$	2,881,913

Finance Leases:
Property and equipment, gross		$	462,887		$	411,778
Accumulated depreciation			(343,991)			(303,802)
Property and equipment, net		$	118,896		$	107,976

Other current liabilities		$	58,748		$	48,066
Other long-term liabilities			91,098			75,287
Total finance lease liabilities		$	149,846		$	123,353

Weighted Average Remaining Lease Term:
Operating leases			11.3 years			11.8 years
Finance leases			2.5 years			2.7 years

Weighted Average Discount Rate:
Operating leases			7.9%			7.3%
Finance leases			9.7%			9.8%

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)		$	171,308		$	37,665		$	208,973
2024			364,393			61,934			426,327
2025			400,394			34,344			434,738
2026			431,629			36,588			468,217
2027			434,407			2,574			436,981
Thereafter			3,295,037			—			3,295,037
Total lease payments			5,097,168			173,105			5,270,273
Less: Imputed interest			(1,851,073)			(23,259)			(1,874,332)
Total			3,246,095			149,846			3,395,941
Less: Current portion			(250,150)			(58,748)			(308,898)
Long-term portion of lease obligations		$	2,995,945		$	91,098		$	3,087,043