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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Components of Lease Costs

Other information. Components of lease costs and other information related to the Company’s leases was as follows:

 

 

Three Months Ended

 

 

March 31,

 

 

 

2020

 

 

 

2019

 

 

(In thousands)

 

Operating lease expense cost, primarily classified within "General and administrative"

$

152,536

 

 

$

24,348

 

 

 

 

 

 

 

 

 

Finance lease costs

 

 

 

 

 

 

 

Interest expense

$

(952

)

 

$

209

 

Amortization expense

 

17,406

 

 

 

2,591

 

Total finance lease costs

$

16,454

 

 

$

2,800

 

Schedule of Supplemental Balance Sheet Information Related to Leases

 

March 31,

 

 

December 31,

 

 

2020

 

 

2019

 

Supplemental balance sheet information

(In thousands)

 

Operating leases

 

 

 

 

 

 

 

Operating lease right-of-use assets, net

$

8,425,653

 

 

$

4,392,481

 

Operating lease liabilities - short-term, classified within "Other accrued liabilities"

$

33,398

 

 

$

67,473

 

Operating lease liabilities - long-term

 

8,374,987

 

 

 

4,277,970

 

Total operating lease liabilities

$

8,408,385

 

 

$

4,345,443

 

 

 

 

 

 

 

 

 

Finance leases

 

 

 

 

 

 

 

Finance lease right-of-use assets, net classified within "Property and equipment, net"

$

243,120

 

 

$

93,437

 

Finance lease liabilities - short-term, classified within "Other accrued liabilities"

$

76,485

 

 

$

27,975

 

Finance lease liabilities - long-term, classified within "Other long-term obligations"

 

177,452

 

 

 

67,182

 

Total finance lease liabilities

$

253,937

 

 

$

95,157

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

 

 

 

 

 

Operating leases

 

30

 

 

 

31

 

Finance leases

 

4

 

 

 

4

 

 

 

 

 

 

 

 

 

Weighted-average discount rate (%)

 

 

 

 

 

 

 

Operating leases

 

8

 

 

 

7

 

Finance leases

 

3

 

 

 

3

 

 

Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities and ROU Assets Obtained in Exchange for New Lease Liabilities

 

Three Months Ended

 

 

March 31,

 

 

 

2020

 

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

(In thousands)

 

Operating cash outflows from operating leases

$

122,906

 

 

$

17,365

 

Operating cash outflows from finance leases

 

1,722

 

 

 

209

 

Financing cash outflows from finance leases

 

11,040

 

 

 

1,486

 

 

 

 

 

 

 

 

 

ROU assets obtained in exchange for new lease liabilities

 

 

 

 

 

 

 

Operating leases

$

4,121,442

 

 

$

1,899

 

Finance leases

 

167,089

 

 

 

326

 

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

 

 

Operating Leases

 

 

Finance Leases

 

Year ending December 31, 2020

(In thousands)

 

2020 (excluding the three months ended March 31, 2020)

$

452,202

 

 

$

64,221

 

2021

 

613,117

 

 

 

71,222

 

2022

 

616,952

 

 

 

69,376

 

2023

 

625,291

 

 

 

60,968

 

2024

 

635,754

 

 

 

 

Thereafter

 

20,445,875

 

 

 

 

Total future minimum lease payments

 

23,389,191

 

 

 

265,787

 

Less: Amount of lease payments representing interest

 

(14,980,806

)

 

 

(11,850

)

Present value of future minimum lease payments

 

8,408,385

 

 

 

253,937

 

Less: Current portion

 

(33,398

)

 

 

(76,485

)

Long-term lease obligations

$

8,374,987

 

 

$

177,452