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Leases
We have operating and finance leases for offices, terrestrial repeaters, data centers and certain equipment. Our leases have remaining lease terms of less than 1 year to 18 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. We elected the practical expedient to account for the lease and non-lease components as a single component. Additionally, we elected the practical expedient to not recognize right-of-use assets or lease liabilities for short-term leases, which are those leases with a term of twelve months or less at the lease commencement date.
The components of lease expense were as follows:
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For the Three Months Ended September 30, |
|
For the Nine Months Ended September 30, |
|
2019 |
|
2019 |
Operating lease cost |
$ |
22 |
|
|
$ |
60 |
|
Finance lease cost |
|
|
|
Amortization of right-of-use assets |
1 |
|
|
4 |
|
Sublease income |
(1 |
) |
|
(3 |
) |
Total lease cost |
$ |
22 |
|
|
$ |
61 |
|
Supplemental cash flow information related to leases was as follows:
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|
|
|
For the Nine Months Ended September 30, |
|
2019 |
Cash paid for amounts included in the measurement of lease liabilities: |
|
Operating cash flows from operating leases |
$ |
51 |
|
Financing cash flows from finance leases |
$ |
3 |
|
|
|
Right-of-use assets obtained in exchange for lease obligations: |
|
Operating leases |
$ |
36 |
|
Supplemental balance sheet information related to leases was as follows:
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|
|
|
|
|
September 30, 2019 |
Operating Leases |
|
Operating lease right-of-use assets |
$ |
428 |
|
|
|
Operating lease current liabilities |
47 |
|
Operating lease liabilities |
407 |
|
Total operating lease liabilities |
$ |
454 |
|
|
|
|
|
|
|
September 30, 2019 |
Finance Leases |
|
Property and equipment, gross |
$ |
15 |
|
Accumulated depreciation |
(11 |
) |
Property and equipment, net |
$ |
4 |
|
|
|
Current maturities of debt |
$ |
2 |
|
Long-term debt |
1 |
|
Total finance lease liabilities |
$ |
3 |
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|
|
|
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September 30, 2019 |
Weighted Average Remaining Lease Term |
|
Operating leases |
10 years |
Finance leases |
2 years |
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|
|
|
|
September 30, 2019 |
Weighted Average Discount Rate |
|
Operating leases |
5.3 |
% |
Finance leases |
1.6 |
% |
Maturities of lease liabilities were as follows:
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|
|
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Operating Leases |
|
Finance Leases |
Year ending December 31, |
|
|
|
2019 (remaining) |
$ |
12 |
|
|
$ |
1 |
|
2020 |
73 |
|
|
1 |
|
2021 |
63 |
|
|
1 |
|
2022 |
60 |
|
|
— |
|
2023 |
58 |
|
|
— |
|
Thereafter |
320 |
|
|
— |
|
Total future minimum lease payments |
586 |
|
|
3 |
|
Less imputed interest |
(132 |
) |
|
— |
|
Total |
$ |
454 |
|
|
$ |
3 |
|
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