Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.19.3.a.u2
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Year Ended
December 31, 2019
(in thousands)
Operating lease cost $ 201,344   
Variable and short-term lease cost 133,526   
Sublease income (17,235)  
Net lease cost $ 317,635   
Supplemental Cash Flow Information for our Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Year Ended
December 31, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 183,723   
Lease assets obtained in exchange for lease obligations, net of terminations $ 417,394   
Future Maturities of Operating Leases
Future maturities of our operating lease liabilities at December 31, 2019 are as follows:
(in thousands)
2020 $ 194,811   
2021 185,273   
2022 180,865   
2023 178,322   
2024 161,583   
Thereafter 1,370,772   
Total lease payments 2,271,626   
Less: Interest 775,195   
Present value of lease liabilities $ 1,496,431   
Operating Leases, Weighted Average Remaining Lease Term And Discount Rate
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
December 31, 2019
Weighted average remaining lease term (in years) 13.9
Weighted average discount rate 5.88  %