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STARBUCKS’S 2016 LEASE FOOTNOTE EXCERPTS The company mainly uses operating leases. Rental expense under operating lease...
Other long-term assets Other intangible assets Goodwill 417.7 415.9 516.3 520.4 1,575.4 1,719.6 $14,329.5 $12,416.3 Total...
Other long-term assets Other intangible assets Goodwill 417.7 415.9 516.3 520.4 1,575.4 1,719.6 $14,329.5 $12,416.3 Total assets LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities $ $ 730.6 684.2 1,999.1 1,755.3 Insurance reserves 246.0 224.8 Stored value card liability Current portion of long-term debt Total current liabilities 1,171.2 983.8 400.0 3,648.1 2,347.5 4,546.9 3,202.2 Long-term debt Other long-term liabilities Total liabilities 689.7 600.9 8,438.8 6,596.5 Shareholders' equity: Common stock ($0.001 par value)-authorized, 2,400.0 shares; issued and outstanding, 1,460.5 and...
Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications, Inc.,...
Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2015, are as follows: Years ($ millions) 2016 2017 2018 2019 2020 Thereafter Total minimum rental commitments Capital Leases Operating Leases $2,744 2,486 2,211 1,939 1,536 7,297 $18,213 $302 278 187 97 45 159 1,068 Less interest and executory costs...
Analyzing and Interpreting Footnote on Both Operating and Capital Leases Verizon Communications Inc. provides the following...
Analyzing and Interpreting Footnote on Both Operating and Capital Leases Verizon Communications Inc. provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2014, are: (in millions) 2015 2016 2017 2018 2019 Thereafter Capital Leases Operating Leases $2,499 2,245 1,960 1,660 1,369 4,670 $14,403 $181 137 113 68 60 Total minimum rental commitments 598
YUM! Brands, Inc., reports the following footnote relating to its capital and operating leases in its...
YUM! Brands, Inc., reports the following footnote relating to its capital and operating leases in its 2015 10-K report ($ millions). Future minimum commitments under noncancelable leases are set forth below. At December 26, 2015, the present value of minimum payments under capital leases was $169 million. Commitments ($ millions) Capital Operating 2016 $20 $672 2017 20 620 2018 20 569 2019 20 516 2020 19 457 Thereafter 188 2,123 $287 $4,957 Confirm that the implicit rate on YUM!'s capital...
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Partially correct Mark 0.33 out of 1.00 Flag question Analyzing and Interpreting Leasing Footnote The Home Depot, Inc. included the following footn...
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Partially correct Mark 0.33 out of 1.00 Flag question Analyzing and Interpreting Leasing Footnote The Home Depot, Inc. included the following footnote in its fiscal 2014 10-K report: The approximate future minimum lease payments under capital and all other leases at February 1, 2015 were as follows (amounts in millions): (in millions) Capital Leases Operating Leases 2015 $113 $893 2016 817 2017 108 737 2018 101 638 2019 97 561 880 4,059...
Analyzing and Interpreting Footnote on Operating and Capital Leases Assume Verizon Communications, Inc., provides the following...
Analyzing and Interpreting Footnote on Operating and Capital Leases Assume Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2010, are as follows: Years (dollars in millions) Capital Leases Operating Leases 2011 $ 83 $ 1,449 2012 71 1,316 2013 67 1,056 2014 63 806 2015 46 527 Thereafter 161 1,937 Total minimum rental commitments 491 $ 7,091...
Assume Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K...
Assume Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2016, are as follows: Years (dollars in millions) Capital Leases Operating Leases 2017……………………………… $ 37 $1,184 2018………………………………28 791 2019……………………………21 652 2020…………………………13 504 2021……………………… 12 316 Thereafter……………55 1,050 Total minimum rental commitments…166 $4,497 Less interest and executory costs…………………………. (54) Present value of minimum lease payments……………… 112 Less current installments……………………………………...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses relating to its leasing activity. The firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069. Rent charged to operating expense was $249 million for 2015. The table below presents future minimum rental payments, net of minimum sublease rentals. $ in millions As of December 2015 2016 $317 2017 313 2018 301 2019 2020 2021-thereafter Total...
Rexon Company leases equipment to Ten-Care Company beginning January 1, 2016. The lease terms, provisions, and...
Rexon Company leases equipment to Ten-Care Company beginning January 1, 2016. The lease terms, provisions, and related events are as follows: 1. The lease term is 8 years. The lease is noncancelable and requires equal rental payments to be made at the end of each year. 2. The cost, and also fair value, of the equipment is $500,000. The equipment has an estimated life of 8 years and has a zero estimated value at the end of that time. 3....
Analyzing, Interpreting and Capitalizing Operating Leases Assume YUM! Brands, Inc., reports the following footnote relating to...
Analyzing, Interpreting and Capitalizing Operating Leases Assume YUM! Brands, Inc., reports the following footnote relating to its capital and operating leases in its 2010 10-K report ($ millions). Future minimum commitments under non-cancelable leases are set forth below. At December 25, 2010, and December 26, 2009, the present value of minimum payments under capital leases was $318 million and $228 million, respectively. Commitments ($ millions) Capital Operating 2011 $ 27 $ 428 2012 27 453 2013 65 417 2014 23...
Other long-term assets Other intangible assets Goodwill 417.7 415.9 516.3 520.4 1,575.4 1,719.6 $14,329.5 $12,416.3 Total assets LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities $ $ 730.6 684.2 1,999.1 1,755.3 Insurance reserves 246.0 224.8 Stored value card liability Current portion of long-term debt Total current liabilities 1,171.2 983.8 400.0 3,648.1 2,347.5 4,546.9 3,202.2 Long-term debt Other long-term liabilities Total liabilities 689.7 600.9 8,438.8 6,596.5 Shareholders' equity: Common stock ($0.001 par value)-authorized, 2,400.0 shares; issued and outstanding, 1,460.5 and...
Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2015, are as follows: Years ($ millions) 2016 2017 2018 2019 2020 Thereafter Total minimum rental commitments Capital Leases Operating Leases $2,744 2,486 2,211 1,939 1,536 7,297 $18,213 $302 278 187 97 45 159 1,068 Less interest and executory costs...
Analyzing and Interpreting Footnote on Both Operating and Capital Leases Verizon Communications Inc. provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2014, are: (in millions) 2015 2016 2017 2018 2019 Thereafter Capital Leases Operating Leases $2,499 2,245 1,960 1,660 1,369 4,670 $14,403 $181 137 113 68 60 Total minimum rental commitments 598
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Partially correct Mark 0.33 out of 1.00 Flag question Analyzing and Interpreting Leasing Footnote The Home Depot, Inc. included the following footnote in its fiscal 2014 10-K report: The approximate future minimum lease payments under capital and all other leases at February 1, 2015 were as follows (amounts in millions): (in millions) Capital Leases Operating Leases 2015 $113 $893 2016 817 2017 108 737 2018 101 638 2019 97 561 880 4,059...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses relating to its leasing activity. The firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069. Rent charged to operating expense was $249 million for 2015. The table below presents future minimum rental payments, net of minimum sublease rentals. $ in millions As of December 2015 2016 $317 2017 313 2018 301 2019 2020 2021-thereafter Total...
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