Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Components of Lease Expense

	For the Years Ended December 31,
	2022		2021		2020
	(In thousands)
Operating lease cost (1)	$	332,385	$	89,565	$	71,863
Short-term lease cost (2)		13,328		12,956		11,870
Finance lease cost:
Amortization of right-of-use assets (3)		28,037		65,967		71,318
Interest on lease liabilities (3)		12,145		14,693		21,007
Total finance lease cost (3)		40,182		80,660		92,325
Total lease costs	$	385,895	$	183,181	$	176,058

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

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

(3) The decrease in finance lease cost is primarily related to the QuetzSat-1 finance lease, which expired in November 2021, as well as the Anik F3 finance lease that 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 Years Ended December 31,
	2022		2021		2020
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	163,320	$	72,479	$	72,352
Operating cash flows from finance leases	$	11,053	$	12,868	$	21,007
Financing cash flows from finance leases	$	42,617	$	62,679	$	65,979
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,398,050	$	1,467,983	$	47,225
Finance leases	$	66,312	$	—	$	—

Summary of supplemental balance sheet information related to leases

	As of December 31,
	2022		2021
	(In thousands)
Operating Leases:
Operating lease assets (1)	$	2,687,522	$	1,493,410
Other current liabilities	$	194,030	$	75,748
Operating lease liabilities (1)		2,687,883		1,453,395
Total operating lease liabilities	$	2,881,913	$	1,529,143
Finance Leases:
Property and equipment, gross	$	411,778	$	568,889
Accumulated depreciation		(303,802)		(499,188)
Property and equipment, net	$	107,976	$	69,701
Other current liabilities	$	48,066	$	34,772
Other long-term liabilities		75,287		64,886
Total finance lease liabilities	$	123,353	$	99,658
Weighted Average Remaining Lease Term:
Operating leases		11.8 years		12.9 years
Finance leases		2.7 years		2.6 years
Weighted Average Discount Rate:
Operating leases		7.3%		5.3%
Finance leases		9.8%		11.0%

(1) The increase in operating lease assets and liabilities primarily related to communication tower leases.

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	$	268,453	$	58,031	$	326,484
2024		298,054		49,450		347,504
2025		328,988		20,045		349,033
2026		357,711		12,905		370,616
2027		360,164		—		360,164
Thereafter		2,898,888		—		2,898,888
Total lease payments		4,512,258		140,431		4,652,689
Less: Imputed interest		(1,630,345)		(17,078)		(1,647,423)
Total		2,881,913		123,353		3,005,266
Less: Current portion		(194,030)		(48,066)		(242,096)
Long-term portion of lease obligations	$	2,687,883	$	75,287	$	2,763,170

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of December 31, 2022 were as follows:

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2023	$	268,453	$	58,031	$	326,484
2024		298,054		49,450		347,504
2025		328,988		20,045		349,033
2026		357,711		12,905		370,616
2027		360,164		—		360,164
Thereafter		2,898,888		—		2,898,888
Total lease payments		4,512,258		140,431		4,652,689
Less: Imputed interest		(1,630,345)		(17,078)		(1,647,423)
Total		2,881,913		123,353		3,005,266
Less: Current portion		(194,030)		(48,066)		(242,096)
Long-term portion of lease obligations	$	2,687,883	$	75,287	$	2,763,170