Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2023 2022 2023 2022
(in thousands)
Operating lease expense $ 63,954  $ 60,003  $ 206,282  $ 195,514 
Variable and short-term lease expense 85,148  64,548  157,453  117,441 
Sublease income (1,865) (1,627) (6,477) (3,901)
Net lease expense $ 147,237  $ 122,924  $ 357,258  $ 309,054 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Nine Months Ended
September 30,
2023 2022
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 195,945  $ 177,847 
Lease assets obtained in exchange for lease obligations, net of terminations $ 148,960  $ 289,977 
As of September 30, 2023, we have additional operating leases that have not yet commenced, with total lease payments of $122.9 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from October 2023 to June 2030 due to certain offices and venues under construction, with lease terms ranging from 2 to 30 years.