Option Grant and Exercise Terms
Table of Contents
Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows:
2021
Year ended December 31,
2020
Cash paid for operating lease liabilities
$
(in thousands)
349,586 $
Right-of-use assets obtained in exchange for new operating lease obligations (1)
764,142
259,559
729,942
$
(1) Balance as of December 31, 2019 includes $743 million for operating leases existing on January 1, 2019.
Current operating lease liabilities
Operating lease right-of-use assets, net
Non-current operating lease liabilities
Total operating lease liabilities
Weighted-average remaining lease term
Weighted-average discount rate
Maturities of operating lease liabilities as of December 31, 2021 were as follows (in thousands):
Due in 12 month period ended December 31,
2022
2023
2024
2025
2026
Thereafter
Less imputed interest
As of December 31,
2021
2019
192,084
1,672,462
2020
(in thousands, except lease term and discount rate)
2,446,573
315,189
2,408,486
2,723,675
9.2 years
3.1
2,037,726
256,222
1,945,631
2,201,853
8.9 years
3.6
Total operating lease liabilities
395,932
378,774
358,442
340,028
335,151
1,332,662
3,140,989
(417,314)
2,723,675
The Company has additional operating leases for real estate of $366 million which have not commenced as of December 31, 2021, and as such, have not
been recognized on the Company's Consolidated Balance Sheets. These operating leases are expected to commence in 2022 and 2023 with lease terms between
year and 14 years.
5
Other Current Assets
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