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Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Components of Lease Income
The components of lease income for the three and nine months ended September 30, 2024 and 2023 respectively, are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Thousands)2024202320242023
Lease income - operating leases$233,885 $229,633 $691,344 $685,457 
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 September 30, 2024 are as follows:
(Thousands)September 30, 2024⁽¹⁾
2024$204,518 
2025836,266 
2026842,822 
2027843,315 
2028843,309 
Thereafter1,593,415 
Total lease receivables$5,163,645 
(1) Total future minimum lease payments to be received include $4.3 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)September 30, 2024December 31, 2023
Land$26,518 $26,533 
Building and improvements348,683 347,700 
Poles333,447 314,488 
Fiber4,128,677 3,862,635 
Equipment437 436 
Copper3,973,887 3,974,410 
Conduit90,117 90,087 
Tower assets58 58 
Finance lease assets1,889 1,890 
Other assets10,432 10,434 
8,914,145 8,628,671 
Less: accumulated depreciation(5,812,265)(5,690,066)
Underlying assets under operating leases, net$3,101,880 $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 nine months ended September 30, 2024 and 2023, respectively, is summarized as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Thousands)2024202320242023
Depreciation expense for underlying assets under operating leases$46,307 $45,795 $137,955 $136,640 
Future Lease Payments Under Non-Cancellable Operating Leases
Future lease payments under non-cancellable leases as of September 30, 2024 are as follows:
(Thousands)Operating Leases Finance Leases
2024$4,079 $1,060 
202517,095 4,241 
202613,616 4,115 
202710,833 3,408 
20289,196 2,581 
Thereafter102,944 9,327 
Total undiscounted lease payments$157,763 $24,732 
Less: imputed interest(78,978)(6,863)
Total lease liabilities$78,785 $17,869 
Future Lease Payments Under Non-Cancellable Finance Leases
Future lease payments under non-cancellable leases as of September 30, 2024 are as follows:
(Thousands)Operating Leases Finance Leases
2024$4,079 $1,060 
202517,095 4,241 
202613,616 4,115 
202710,833 3,408 
20289,196 2,581 
Thereafter102,944 9,327 
Total undiscounted lease payments$157,763 $24,732 
Less: imputed interest(78,978)(6,863)
Total lease liabilities$78,785 $17,869