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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Lease Income
The components of lease income for the years ended December 31, 2023 and 2022 are as follows:
(Thousands)Year Ended
December 31, 2023		Year Ended
December 31, 2022
Lease income - operating leases$911,828 $892,414 
Lease Payments to be Received under Non-Cancellable Operating Leases
Lease payments to be received under non-cancellable operating leases where we are the lessor for the remainder of the lease terms as of December 31, 2023 are as follows:
(Thousands)
December 31, 2023 (1)
2024$806,483 
2025816,771 
2026818,196 
2027819,134 
2028819,813 
Thereafter1,556,217 
Total lease receivables$5,636,614 
(1) Total future minimum lease payments to be received include $4.7 billion relating to the Windstream Leases.
Future sublease rentals as of December 31, 2023 are as follows:
(Thousands)Sublease Rentals
2024$10,837 
202510,961 
202611,082 
202711,166 
202811,002 
Thereafter128,810 
Total$183,858 
Property, Plant, and Equipment, Lessor Asset under Operating Lease
The underlying assets under operating leases where we are the lessor as of December 31, 2023 and 2022 are summarized as follows:
(Thousands)December 31, 2023December 31, 2022
Land$26,533 $26,549 
Building and improvements347,700 346,093 
Poles314,488 296,941 
Fiber3,862,635 3,529,835 
Equipment436 437 
Copper3,974,410 3,964,439 
Conduit90,087 89,963 
Tower assets58 1,397 
Finance lease assets1,890 28,126 
Other assets10,434 10,434 
8,628,671 8,294,214 
Less: accumulated depreciation(5,690,066)(5,542,726)
Underlying assets under operating leases, net$2,938,605 $2,751,488 
Schedule of Depreciation Expense for Underlying Assets under Operating Leases
Depreciation expense for the underlying assets under operating leases where we are the lessor for the years ended December 31, 2023 and 2022 is summarized as follows:
(Thousands)Year Ended
December 31, 2023		Year Ended
December 31, 2022
Depreciation expense for underlying assets under operating leases$182,906 $176,160 
Components of Lease Cost
The components of lease cost are presented within general and administrative expense and operating expense, while sublease income is presented within revenues in our Consolidated Statements of (Loss) Income for the years ended December 31, 2023 and 2022 are as follows:
(Thousands)Year Ended
December 31, 2023		Year Ended
December 31, 2022
Finance lease cost
Amortization of ROU assets$4,066 $3,793 
Interest on lease liabilities1,575 1,437 
Total finance lease cost5,641 5,230 
Operating lease cost22,999 19,946 
Short-term lease cost3,525 3,109 
Variable lease cost938 547 
Less sublease income(14,590)(13,683)
Total lease cost$18,513 $15,149 
Other information related to leases as of December 31, 2023 and 2022 are as follows:
(Thousands)Year Ended
December 31, 2023		Year Ended
December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for finance leases$1,575 $1,437 
Operating cash flows for operating leases22,326 19,874 
Financing cash flows for finance leases2,262 1,193 
Non-cash items:
New operating leases and remeasurements, net$32,490 $23,173 
New finance leases5,687 1,314 
Summary of Amounts Reported in Consolidated Balance Sheets for Leases
Amounts reported in the Consolidated Balance Sheets for leases where we are the lessee as of December 31, 2023 and 2022 were as follows:
(Thousands)Location on Consolidated Balance SheetsDecember 31, 2023December 31, 2022
Operating leases
ROU asset, netOperating lease right-of-use assets, net$125,105 $88,545 
Lease liabilityOperating lease liabilities84,404 66,356 
  
Finance leases  
ROU asset, grossProperty, plant and equipment, net$52,589 $73,487 
Lease liabilityFinance lease obligations18,110 15,520 
Weighted-average remaining lease term
Operating leases13.4 years10.1 years
Finance leases8.7 years11.5 years
Weighted-average discount rate
Operating leases10.3 %8.6 %
Finance leases9.9 %10.1 %
Lessee, Operating Lease, Liability, Maturity
Future lease payments under non-cancellable leases as of December 31, 2023 are as follows:
(Thousands)Operating Leases Finance Leases
2024$19,220 $3,709 
202516,442 3,656 
202612,980 3,530 
202710,317 3,166 
20288,672 2,467 
Thereafter96,881 9,583 
Total undiscounted lease payments$164,512 $26,111 
Less: imputed interest(80,108)(8,001)
Total lease liabilities$84,404 $18,110 
Finance Lease, Liability, Fiscal Year Maturity
Future lease payments under non-cancellable leases as of December 31, 2023 are as follows:
(Thousands)Operating Leases Finance Leases
2024$19,220 $3,709 
202516,442 3,656 
202612,980 3,530 
202710,317 3,166 
20288,672 2,467 
Thereafter96,881 9,583 
Total undiscounted lease payments$164,512 $26,111 
Less: imputed interest(80,108)(8,001)
Total lease liabilities$84,404 $18,110