Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2022 2021 2022 2021
(in thousands)
Operating lease cost $ 71,750  $ 56,577  $ 135,511  $ 111,876 
Variable and short-term lease cost 34,861  3,543  52,893  12,996 
Sublease income (1,304) (1,236) (2,274) (3,518)
Net lease cost $ 105,307  $ 58,884  $ 186,130  $ 121,354 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Six Months Ended
June 30,
2022 2021
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 121,953  $ 99,449 
Lease assets obtained in exchange for lease obligations, net of terminations $ 185,119  $ 41,005 
Lessee, Operating Lease, Liability, Maturity
Future maturities of our operating lease liabilities at June 30, 2022 are as follows:
(in thousands)
July 1 - December 31, 2022 $ 120,991 
2023 247,211 
2024 233,033 
2025 217,204 
2026 205,155 
Thereafter 1,637,720 
Total lease payments 2,661,314 
Less: Interest 858,239 
Present value of lease liabilities $ 1,803,075 
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:
June 30, 2022 December 31, 2021
Weighted average remaining lease term (in years) 13.3 13.2
Weighted average discount rate 5.97  % 6.10  %