Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.19.3
Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases
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:
 
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:
 
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:
 
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

 
September 30, 2019
Weighted Average Remaining Lease Term

Operating leases
10 years
Finance leases
2 years
 
September 30, 2019
Weighted Average Discount Rate

Operating leases
5.3
%
Finance leases
1.6
%

Maturities of lease liabilities were as follows:
 
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



Leases
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:
 
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:
 
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:
 
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

 
September 30, 2019
Weighted Average Remaining Lease Term

Operating leases
10 years
Finance leases
2 years
 
September 30, 2019
Weighted Average Discount Rate

Operating leases
5.3
%
Finance leases
1.6
%

Maturities of lease liabilities were as follows:
 
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