aphysically

14 ms·

1. 1.▲
   by aphysically 2mo ago

   They’re talking about accounting at big tech and not hyperscalers
2. 2.▲
   by aphysically 2mo ago

   Purchase commitments aren’t even future debt, they’re a future asset
3. 3.▲
   by aphysically 2mo ago

   The lease agreement does become a financial liability and corresponding asset when it commences. In this case the article is adding leases that haven’t started yet, so GAAP accounting rules prohibit it from being listed as a liability. As a
4. 4.▲
   by aphysically 2mo ago

   If you open the annual report and look at the numbers they’re citing, they’re adding lease payments from uncommenced leases and future purchase commitments. Accounting rules prohibit either of these as being listed as debt. It’s also not po