星空传媒 Inc. Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

3 Months Ended

Mar. 31, 2020

听

Lease costs are presented below:



听	(In Millions)
听	Three Months Ended March 31,
听	2020		听	2019
Operating leases	$	3.8	听	$	1.0
Finance leases:	听		听	听
Amortization of lease cost	2.1		听	0.8
Interest on lease liabilities	0.5		听	0.3
Short-term leases	4.1		听	1.7
Variable lease costs	2.8		听	鈥�
Total	$	13.3	听	$	3.8

Other information related to leases was as follows:



听	(Dollars In Millions)
听	Three Months Ended March 31,
听	2020			听	2019
Cash paid for amounts included in measurement of lease liabilities:	听			听	听
Operating leases within cash flows from operating activities	$	1.1		听	$	1.0
Finance leases within cash flows from operating activities	$	0.5		听	$	0.3
Finance leases within cash flows from financing activities	$	2.1		听	$	0.8
Right-of-use assets obtained in exchange for new finance lease liabilities¹	$	29.9		听	$	15.1
Weighted-average remaining lease term - operating leases (in years)	8			听	10
Weighted-average remaining lease term - finance leases (in years)	11			听	6
Weighted-average discount rate - operating leases	8.4		%	听	7.9		%
Weighted-average discount rate - finance leases	6.8		%	听	4.7		%

¹Does not include right-of-use assets obtained in the Merger of $5.3 million for the three months ended March 31, 2020.

^[1]

Future minimum lease payments under noncancellable finance and operating leases as of March听31, 2020 were as follows:



听	(In Millions)
听	Finance Leases		听	Operating Leases
2020 (remaining period of the year)	$	11.1	听	$	43.0
2021	13.6		听	56.0
2022	12.5		听	45.6
2023	10.6		听	39.4
2024	10.5		听	29.0
Thereafter	56.0		听	132.7
Total future minimum lease payments	114.3		听	345.7
Less imputed interest	42.9		听	104.1
Total lease payments	71.4		听	241.6
Less current portion of lease liabilities	11.4		听	40.4
Long-term lease liabilities	$	60.0	听	$	201.2

[1]	¹Does not include right-of-use assets obtained in the Merger of $5.3 million for the three months ended March 31, 2020.