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Very clear explanation, thank you. It seems somewhat curious they don't have to reveal when they would be contractually obligated to pay out?
by fjp 7y ago
Very clear explanation, thank you.
It seems somewhat curious they don't have to reveal when they would be contractually obligated to pay out?
- nknealk 7y agoThey are required to disclose it. See page f-59 at the top. You'll note that their lease payments are 1.3B this year but go up every year after. Edit: the rate of increase is startling. They are going to have an additional 500M in leases on top of their expense this year plus another 200M come 2021 on top of that
- glaive123 7y agoIs the $500M in leases on top of their expenses assuming 0 growth? Or is their growth plan baked in? Also, is the deferred rent liability fixed assuming 0 growth?