Annual report pursuant to Section 13 and 15(d)

Leases

v3.20.4
Leases
12 Months Ended
Dec. 31, 2020
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 17 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 Years Ended December 31,
2020 2019
Operating lease cost $ 82  $ 80 
Finance lease cost
Sublease income (2) (3)
Total lease cost $ 81  $ 81 
Supplemental cash flow information related to leases was as follows:
For the Years Ended December 31,
2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 79  $ 70 
Financing cash flows from finance leases $ $
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ $ 83 
Supplemental balance sheet information related to leases was as follows:
December 31, 2020 December 31, 2019
Operating Leases
Operating lease right-of-use assets $ 427  $ 466 
Operating lease current liabilities 48  46 
Operating lease liabilities 419  456 
Total operating lease liabilities $ 467  $ 502 
December 31, 2020 December 31, 2019
Finance Leases
Property and equipment, gross $ $ 15 
Accumulated depreciation (7) (12)
Property and equipment, net $ $
Current maturities of debt $ $
Long-term debt — 
Total finance lease liabilities $ $
December 31, 2020 December 31, 2019
Weighted Average Remaining Lease Term
Operating leases 9 years 9 years
Finance leases 1 year 2 years
December 31, 2020 December 31, 2019
Weighted Average Discount Rate
Operating leases 5.3  % 5.3  %
Finance leases 1.7  % 1.7  %
Maturities of lease liabilities were as follows:
Operating Leases Finance Leases
Year ending December 31,
2020 (remaining) $ 71  $ — 
2021 74 
2022 71  — 
2023 62  — 
2024 62  — 
Thereafter 247  — 
Total future minimum lease payments 587 
Less imputed interest (120) — 
Total $ 467  $
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 17 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 Years Ended December 31,
2020 2019
Operating lease cost $ 82  $ 80 
Finance lease cost
Sublease income (2) (3)
Total lease cost $ 81  $ 81 
Supplemental cash flow information related to leases was as follows:
For the Years Ended December 31,
2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 79  $ 70 
Financing cash flows from finance leases $ $
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ $ 83 
Supplemental balance sheet information related to leases was as follows:
December 31, 2020 December 31, 2019
Operating Leases
Operating lease right-of-use assets $ 427  $ 466 
Operating lease current liabilities 48  46 
Operating lease liabilities 419  456 
Total operating lease liabilities $ 467  $ 502 
December 31, 2020 December 31, 2019
Finance Leases
Property and equipment, gross $ $ 15 
Accumulated depreciation (7) (12)
Property and equipment, net $ $
Current maturities of debt $ $
Long-term debt — 
Total finance lease liabilities $ $
December 31, 2020 December 31, 2019
Weighted Average Remaining Lease Term
Operating leases 9 years 9 years
Finance leases 1 year 2 years
December 31, 2020 December 31, 2019
Weighted Average Discount Rate
Operating leases 5.3  % 5.3  %
Finance leases 1.7  % 1.7  %
Maturities of lease liabilities were as follows:
Operating Leases Finance Leases
Year ending December 31,
2020 (remaining) $ 71  $ — 
2021 74 
2022 71  — 
2023 62  — 
2024 62  — 
Thereafter 247  — 
Total future minimum lease payments 587 
Less imputed interest (120) — 
Total $ 467  $