Quarterly report pursuant to Section 13 or 15(d)

LEASES Leases (Tables)

v3.19.3
LEASES Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019
(in thousands)
Operating lease cost $ 43,412    $ 139,251   
Variable and short-term lease cost 48,318    96,147   
Sublease income (4,040)   (12,669)  
Net lease cost $ 87,690    $ 222,729   
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Nine Months Ended September 30, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 146,953   
Lease assets obtained in exchange for lease obligations, net of terminations $ 130,011   
Future Maturities of Operating Leases
Future maturities of our operating lease liabilities at September 30, 2019 are as follows:
(in thousands)
October 1 - December 31, 2019 $ 37,520   
2020 184,023   
2021 157,624   
2022 151,277   
2023 143,784   
Thereafter 1,134,584   
Total lease payments 1,808,812   
Less: Interest 593,975   
Present value of lease liabilities $ 1,214,837   
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:
September 30, 2019
Weighted average remaining lease term (in years) 13.4
Weighted average discount rate 5.78  %