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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Components of Lease Income
The components of lease income for the three and six months ended June 30, 2024 and 2023 respectively, are as follows:
Three Months Ended June 30,Six Months Ended June 30,
(Thousands)2024202320242023
Lease income - operating leases$229,303 $223,852 $457,459 $455,771 
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 June 30, 2024 are as follows:
(Thousands)June 30, 2024⁽¹⁾
2024$404,320 
2025828,753 
2026833,638 
2027834,405 
2028834,714 
Thereafter1,562,050 
Total lease receivables$5,297,880 
(1) Total future minimum lease payments to be received include $4.5 billion relating to the Windstream Leases.
Property, Plant, and Equipment, Lessor Asset under Operating Lease
The underlying assets under operating leases where we are the lessor are summarized as follows:
(Thousands)June 30, 2024December 31, 2023
Land$26,518 $26,533 
Building and improvements348,550 347,700 
Poles326,387 314,488 
Fiber4,034,889 3,862,635 
Equipment437 436 
Copper3,973,190 3,974,410 
Conduit90,116 90,087 
Tower assets58 58 
Finance lease assets1,890 1,890 
Other assets10,434 10,434 
8,812,469 8,628,671 
Less: accumulated depreciation(5,770,081)(5,690,066)
Underlying assets under operating leases, net$3,042,388 $2,938,605 
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 three and six months ended June 30, 2024 and 2023, respectively, is summarized as follows:
Three Months Ended June 30,Six Months Ended June 30,
(Thousands)2024202320242023
Depreciation expense for underlying assets under operating leases$45,643 $45,639 $91,648 $90,845 
Future Lease Payments Under Non-Cancellable Operating Leases
Future lease payments under non-cancellable leases as of June 30, 2024 are as follows:
(Thousands)Operating Leases Finance Leases
2024$8,502 $2,002 
202516,850 4,003 
202613,406 3,878 
202710,651 3,171 
20289,022 2,453 
Thereafter100,231 9,830 
Total undiscounted lease payments$158,662 $25,337 
Less: imputed interest(78,850)(7,227)
Total lease liabilities$79,812 $18,110 
Future Lease Payments Under Non-Cancellable Finance Leases
Future lease payments under non-cancellable leases as of June 30, 2024 are as follows:
(Thousands)Operating Leases Finance Leases
2024$8,502 $2,002 
202516,850 4,003 
202613,406 3,878 
202710,651 3,171 
20289,022 2,453 
Thereafter100,231 9,830 
Total undiscounted lease payments$158,662 $25,337 
Less: imputed interest(78,850)(7,227)
Total lease liabilities$79,812 $18,110