A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree that the car will only be used for personal use.
The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions. Examples of a lease for intangible property are use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).
The Company defines free cash flow as net cash provided by operating activities, less purchases of property and equipment ...Property and equipment, net ... Operating lease right-of-use assets, net ... Current portion of operating leases ... Current portion of finance leases ... Long-term portion of operating leases ... Long-term portion of finance leases.
Politics... Florida-based NextEra Energy Resources, a sister company of Florida Power & Light Co., is proposing to install solar panels and related equipment for generating, storing and transmitting electricity on 1,300 acres of leased or purchased private property in the town of Conquest, with the remaining footprint used for buffer areas ... .
Free cash flow, a non-GAAP financial measure that is defined as cash flow from operating activities less purchases of property and equipment, was $(5) million during the year ended December 31, 2020 as compared to $64 million in the prior year period ...Property and equipment, net ... Operating lease right-of-use assets, net.
... credit card originations, consumer installment loans, auto loans, and Buy Now Pay Later financingCommercial finance assets such as SME financing, merchant cash advance, and factoringSelect leasing opportunities such as middle-market mission critical equipment and aviation assets.
FCF is defined as net cash provided by continuing operating activities, less capital expenditures for purchases of property and equipment, capitalized data, and other intangible assets ...Property and equipment, net ... Operating lease assets ... Operating lease liabilities, current ... Operating lease liabilities, net of current.
The increase was primarily attributable to gross proceeds of $200.0 million received from the monetization of REGENXBIO's Zolgensma royalty rights, partially offset by net cash used in operating activities of $54.1 million and cash used to purchase property and equipment of $26.9 million in 2020 ...Property and equipment, net.
PRAIRIE GROVE -- School principals and other administrative staff already are talking about online instruction for the 2021-22 school year, Assistant Superintendent Pete Joenks told the Prairie GroveSchool Board last week ...Projects include leased fiber, technology equipment, network cabling for the new junior high building and network switches ... .
Henry Cordes. What bothers SusanSeeman most is that her mother had done everything right. Ninety-three-year-old Eilene Myers recognized early on the grave threat that COVID-19 posed to her ... But none of that could save her ... 16 ... They already had thousands invested in their lease and equipment, so each day they delayed their plans was costing them money ... .
A city councilman and a vocal critic of the city’s Iron Eagle involvement applauded the proposed deal, under which Chief also would assume city leases for the course’s driving range and golf equipment ... Assigning the golf-equipment lease, Kibbon said, would save the city $174,000 over the next three years.