Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Year Ended
December 31, 2020
Year Ended
December 31, 2019
(in thousands)
Operating lease cost $ 241,819  $ 201,344 
Variable and short-term lease cost 35,202  133,526 
Sublease income (13,270) (17,235)
Net lease cost $ 263,751  $ 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, 2020
Year Ended
December 31, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 203,419  $ 183,723 
Lease assets obtained in exchange for lease obligations, net of terminations $ 129,174  $ 417,394 
Future Maturities of Operating Leases
Future maturities of our operating lease liabilities at December 31, 2020 are as follows:
(in thousands)
2021 $ 192,413 
2022 195,983 
2023 200,444 
2024 183,162 
2025 171,708 
Thereafter 1,456,969 
Total lease payments 2,400,679 
Less: Interest 847,858 
Present value of lease liabilities $ 1,552,821 
Weighted Average Remaining Lease Term And Discount Rate For Operating Leases
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
Year Ended
December 31, 2020
Year Ended
December 31, 2019
Weighted average remaining lease term (in years) 13.9 13.9
Weighted average discount rate 6.31  % 5.88  %