OPKO Health, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of September 30, 2019:



(in thousands)	Classification on the Balance Sheet	September 30, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	35,826
Finance lease assets	Property, plant and equipment, net	7,308

Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	12,921
Accrued expenses	Current maturities of finance leases	2,983
Long-term
Operating lease liabilities	Operating lease liabilities	23,318
Other long-term liabilities	Finance lease liabilities	$	4,325

Weighted average remaining lease term
Operating leases		2.6 years
Finance leases		2.4 years
Weighted average discount rate
Operating leases		5.7		%
Finance leases		4.9		%

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of September 30, 2019:



(in thousands)	Operating		Finance
October 1, 2019 through December 31, 2019	$	3,938	$	923
2020	11,929		2,845
2021	8,471		2,133
2022	5,700		1,077
2023	4,294		486
Thereafter	7,215		203
Total undiscounted future minimum lease payments	41,547		7,667
Less: Difference between lease payments and discounted lease liabilities	5,308		360
Total lease liabilities	$	36,239	$	7,307

Lease Liability Maturity



(in thousands)	Operating		Finance
October 1, 2019 through December 31, 2019	$	3,938	$	923
2020	11,929		2,845
2021	8,471		2,133
2022	5,700		1,077
2023	4,294		486
Thereafter	7,215		203
Total undiscounted future minimum lease payments	41,547		7,667
Less: Difference between lease payments and discounted lease liabilities	5,308		360
Total lease liabilities	$	36,239	$	7,307

Lease Cash Flows

Supplemental cash flow information is as follows:



(in thousands)	Nine months ended September 30, 2019
Operating cash out flows from operating leases	$	15,664
Operating cash out flows from finance leases	306
Financing cash out flows from finance leases	2,165
Total	$	18,135