Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
March 31,
2023 2022
(in thousands)
Operating lease expense $ 65,329  $ 63,761 
Variable and short-term lease expense 31,342  18,032 
Sublease income (2,188) (970)
Net lease expense $ 94,483  $ 80,823 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Three Months Ended
March 31,
2023 2022
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 73,489  $ 66,232 
Lease assets obtained in exchange for lease obligations, net of terminations $ 43,636  $ 157,244 
As of March 31, 2023, we have additional operating leases that have not yet commenced, with total lease payments of $174.5 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from April 2023 to June 2030 due to certain offices and venues under construction with lease terms ranging from 2 to 30 years.