PBR » Topics » 13. Capital Lease Obligations

This excerpt taken from the PBR 6-K filed Sep 10, 2009.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. As of June 30, 2009, assets under capital leases had a net book value of US$692 (US$679 at December 31, 2008).

The following is a schedule by year of the future minimum lease payments as of June 30, 2009:

2009    168 
2010    231 
2011    101 
2012    32 
2013    7 
2014    7 
2015 and thereafter    16 
   
Estimated future lease payments    562 
 
Less amount representing interest at 6.2% to 12.0% annual     (51)
   
 
Present value of minimum lease payments    511 
   
 
Less current portion of capital lease obligations    (249)
   
 
Long-term portion of capital lease obligations    262 
   

52


Table of Contents

This excerpt taken from the PBR 6-K filed Jun 1, 2009.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. As of March 31, 2009, assets under capital leases had a net book value of US$671 (US$679 at December 31, 2008).

The following is a schedule by year of the future minimum lease payments as of March 31, 2009:

2009    247 
2010    230 
2011    99 
2012    31 
2013    6 
2014    6 
2015 and thereafter    13 
   
Estimated future lease payments    632 
Less amount representing interest at 6.2% to 12.0% annual    (55)
   
Present value of minimum lease payments    577 
   
Less current portion of capital lease obligations    (255)
   
Long-term portion of capital lease obligations    322 
   

42


Table of Contents

This excerpt taken from the PBR 6-K filed Mar 30, 2009.

15. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At December 31, 2008, assets under capital leases had a net book value of US$679 (US$875 at December 31, 2007).

The following is a schedule by year of the future minimum lease payments at December 31, 2008:

2009    271 
2010    230 
2011    99 
2012    31 
2013    6 
2014    6 
2015 and thereafter    18 
   
Estimated future lease payments    661 
   
 
Less amount representing interest at 6.2% to 12.0% annual     (66)
   
 
Present value of minimum lease payments    595 
Less current portion of capital lease obligations    (251)
   
 
Long-term portion of capital lease obligations    344 
   

94


This excerpt taken from the PBR 6-K filed Nov 28, 2008.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. As of September 30, 2008, assets under capital leases had a net book value of US$728 (US$875 at December 31, 2007).

The following is a schedule by year of the future minimum lease payments as of September 30, 2008:

2008    68 
2009    242 
2010    190 
2011    83 
2012    29 
2013    4 
2014 and thereafter    10 
   
Estimated future lease payments    626 
 
Less amount representing interest at 6.2% to 12.0% annual    (60)
   
 
Present value of minimum lease payments    566 
   
 
Less current portion of capital lease obligations    (217)
   
 
Long-term portion of capital lease obligations    349 
   

35


Table of Contents

This excerpt taken from the PBR 6-K filed Sep 4, 2008.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. As of June 30, 2008, assets under capital leases had a net book value of US$786 (US$875 at December 31, 2007).

The following is a schedule by year of the future minimum lease payments as of June 30, 2008:

2008    154 
2009    244 
2010    192 
2011    85 
2012    31 
2013    5 
2014 and thereafter    15 
   
Estimated future lease payments    726 
 
Less amount representing interest at 6.2% to 12.0% annual     (72)
   
 
Present value of minimum lease payments    654 
   
Less current portion of capital lease obligations    (217)
   
 
Long-term portion of capital lease obligations    437 
   

37


Table of Contents

This excerpt taken from the PBR 6-K filed May 22, 2008.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At March 31, 2008, assets under capital leases had a net book value of US$678 (US$875 at December 31, 2007).

The following is a schedule by year of the future minimum lease payments at March 31, 2008:

2008    223 
2009    247 
2010    195 
2011    84 
2012    30 
2013    5 
2014 and thereafter    18 
   
Estimated future lease payments    802 
 
Less amount representing interest at 6.2% to 12.0% annual    (94)
   
Present value of minimum lease payments    708 
Less current portion of capital lease obligations    (219)
   
 
Long-term portion of capital lease obligations    489 
   

38


Table of Contents

This excerpt taken from the PBR 6-K filed Mar 18, 2008.

15. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At December 31, 2007, assets under capital leases had a net book value of US$875 (US$970 at December 31, 2006).

The following is a schedule by year of the future minimum lease payments at December 31, 2007:

2008    273 
2009    254 
2010    201 
2011    88 
2012    32 
2013    7 
2014 and thereafter    3 
   
Estimated future lease payments    858 
   
 
Less amount representing interest at 6.2% to 12.0% annual    (120)
   
 
Present value of minimum lease payments    738 
Less current portion of capital lease obligations    (227)
   
Long-term portion of capital lease obligations    511 
   

63


Table of Contents


This excerpt taken from the PBR 6-K filed Nov 29, 2007.

13. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At September 30, 2007, assets under capital leases had a net book value of US$893 (US$970 at December 31, 2006).

The following is a schedule by year of the future minimum lease payments at September 30, 2007:

2007    80 
2008    277 
2009    248 
2010    194 
2011    81 
2012    25 
2013 and thereafter   
   
Estimated future lease payments    905 
 
Less amount representing interest at 6.2% to 12.0% annual    (140)
   
 
Present value of minimum lease payments    765 
Less current portion of capital lease obligations    (241)
   
 
Long-term portion of capital lease obligations    524 
   
   

34


Table of Contents

This excerpt taken from the PBR 6-K filed Sep 6, 2007.

10. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At June 30, 2007, assets under capital leases had a net book value of US$1,316 (US$1,338 at December 31, 2006).

28


Table of Contents

10. Capital Lease Obligations (Continued)

The following is a schedule by year of the future minimum lease payments at June 30, 2007:

2007    153 
2008    303 
2009    272 
2010    218 
2011    103 
2012    45 
2013 and thereafter    31 
   
Estimated future lease payments    1,125 
 
Less amount representing interest at 6.2% to 12.0% annual    (217)
   
 
Present value of minimum lease payments    908 
Less current portion of capital lease obligations    (213)
   
 
Long-term portion of capital lease obligations    695 
   

29


Table of Contents

This excerpt taken from the PBR 6-K filed Jun 13, 2007.

10. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At March 31, 2007, assets under capital leases had a net book value of US$1,322 (US$1,338 at December 31, 2006).

28


Table of Contents

10. Capital Lease Obligations (Continued)

The following is a schedule by year of the future minimum lease payments at March 31, 2007:

2007    232 
2008    303 
2009    271 
2010    218 
2011    103 
2012    45 
2013 and thereafter    31 
   
Estimated future lease payments    1,203 
 
Less amount representing interest at 6.2% to 12.0% annual    (239)
   
 
Present value of minimum lease payments    964 
Less current portion of capital lease obligations    (218)
   
 
Long-term portion of capital lease obligations    746 
   

29


Table of Contents

This excerpt taken from the PBR 6-K filed Apr 10, 2007.

15. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At December 31, 2006, assets under capital leases had a net book value of US$1,338 (US$1,419 at December 31, 2005).

The following is a schedule by year of the future minimum lease payments at December 31, 2006:

2007    300 
2008    313 
2009    284 
2010    230 
2011    112 
2012    62 
2013 and thereafter    36 
   
Estimated future lease payments    1,337 
 
Less amount representing interest at 6.2% to 12.0% annual    (282)
   
 
Present value of minimum lease payments    1,055 
Less current portion of capital lease obligations    (231)
   
 
Long-term portion of capital lease obligations    824 
   

60


Table of Contents

This excerpt taken from the PBR 6-K filed Nov 28, 2006.

10. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At September 30, 2006, these assets had a net book value of US$1,337 (US$1,419 at December 31, 2005).

The following is a schedule by year of the future minimum lease payments at September 30, 2006:

2006    80 
2007    300 
2008    313 
2009    284 
2010    230 
2011    113 
2012 and thereafter    97 
   
Estimated future lease payments    1,417 
 
Less amount representing interest at 6.2% to 12.0% annual    (310)
   
 
Present value of minimum lease payments    1,107 
Less current portion of capital lease obligations    (223)
   
 
Long-term portion of capital lease obligations    884 
   

29


Table of Contents

This excerpt taken from the PBR 6-K filed Sep 6, 2006.

10. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At June 30, 2006, these assets had a net book value of US$1,372 (US$1,419 at December 31, 2005).

The following is a schedule by year of the future minimum lease payments at June 30, 2006:

2006    153 
2007    291 
2008    307 
2009    279 
2010    226 
2011    111 
2012 and thereafter    97 
   
Estimated future lease payments    1,464 
 
Less amount representing interest at 6.2% to 12.0% annual    (308)
   
 
Present value of minimum lease payments    1,156 
Less current portion of capital lease obligations    (226)
   
 
Long-term portion of capital lease obligations    930 
   

This excerpt taken from the PBR 6-K filed Jun 28, 2006.

9. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At March 31, 2006, these assets had a net book value of US$1,405 (US$1,419 at December 31, 2005).

The following is a schedule by year of the future minimum lease payments at March 31, 2006:

2006    242 
2007    287 
2008    304 
2009    277 
2010    225 
2011    110 
2012 and thereafter    97 
   
Estimated future lease payments    1,542 
 
Less amount representing interest at 6.2% to 12.0% annual    (324)
   
 
Present value of minimum lease payments    1,218 
Less current portion of capital lease obligations    (232)
   
 
Long-term portion of capital lease obligations    986 
   

This excerpt taken from the PBR 6-K filed Mar 21, 2006.

16. Capital lease obligations

The Company leased certain offshore platforms and vessels, which are accounted for as capital leases. At December 31, 2005, assets under capital leases had a net book value of US$ 1,419 (US$ 1,518 at December 31, 2004).

The following is a schedule by year of the future minimum lease payments at December 31, 2005:

2006    305 
2007    283 
2008    299 
2009    274 
2010    224 
2011    109 
2012 and thereafter    98 
Estimated future lease payments    1,592 
Less amount representing interest at 6.2% to 12.0% annual    (338)
   
 
Present value of minimum lease payments    1,254 
Less current portion of capital lease obligations    (239)
   
 
Long-term portion of capital lease obligations    1,015 
   

67


Table of Contents

This excerpt taken from the PBR 6-K filed Nov 23, 2005.

9. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At September 30, 2005, these assets had a net book value of US$ 1,466 (US$ 1,518 at December 31, 2004).

The following is a schedule by year of the future minimum lease payments at September 30, 2005:

2005    98 
2006    301 
2007    279 
2008    246 
2009    222 
2010    174 
2011 and thereafter    207 
   
Estimated future lease payments    1,527 
 
Less amount representing interest at 6.2% to 12.0% annual    (350)
Less amount representing executory costs     
   
 
Present value of minimum lease payments    1,177 
Less current portion of capital lease obligations    (247)
   
 
Long-term portion of capital lease obligations    930 
   

This excerpt taken from the PBR 6-K filed Aug 25, 2005.

9. Capital Lease Obligations

The Company leases certain offshore platforms and vessels, which are accounted for as capital leases. At June 30, 2005, these assets had a net book value of US$ 1,484 (US$ 1,518 at December 31, 2004).

The following is a schedule by year of the future minimum lease payments at June 30, 2005:

2005    181 
2006    297 
2007    276 
2008    243 
2009    220 
2010    171 
2011 and thereafter    207 
   
Estimated future lease payments    1,595 
 
Less amount representing interest at 6.2% to 12.0% annual    (370)
Less amount representing executory costs    (2)
   
 
Present value of minimum lease payments    1,223 
Less current portion of capital lease obligations    (250)
   
 
Long-term portion of capital lease obligations    973 
   

"13. Capital Lease Obligations" elsewhere:

Tesoro Petroleum (TSO)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki