CELESTICA INC Leases Disclosure
Year ended December 31 | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Finance lease expense: | |||||||||||||||||
Amortization of ROU assets (i) | $ | 8.3 | $ | 7.6 | $ | 7.4 | |||||||||||
Interest on lease obligations (ii) | 3.1 | 3.4 | 3.7 | ||||||||||||||
Operating lease expense (i) | 42.1 | 40.0 | 35.4 | ||||||||||||||
Short-term lease expense and variable lease expense (i) | 2.6 | 2.1 | 1.8 | ||||||||||||||
Total | $ | 56.1 | $ | 53.1 | $ | 48.3 | |||||||||||
| December 31 | |||||||||||
| 2025 | 2024 | ||||||||||
ROU assets: | |||||||||||
| Operating lease ROU assets | $ | 124.1 | $ | 124.4 | |||||||
| 49.0 | 56.4 | ||||||||||
| Total ROU assets | $ | 173.1 | $ | 180.8 | |||||||
Current portion of lease obligations: | |||||||||||
| $ | 31.6 | $ | 25.7 | ||||||||
| 9.5 | 9.9 | ||||||||||
Long-term portion of lease obligations: | |||||||||||
| 107.6 | 109.4 | ||||||||||
| 48.5 | 51.8 | ||||||||||
| Total lease obligations | $ | 197.2 | $ | 196.8 | |||||||
Weighted-average remaining lease term (in years): | |||||||||||
| Operating leases | 6.2 | 7.1 | |||||||||
| Finance leases | 8.9 | 7.6 | |||||||||
Weighted-average discount rates: | |||||||||||
| Operating leases | 7.0 | % | 7.3 | % | |||||||
| Finance leases | 5.1 | % | 5.4 | % | |||||||
| Year ended December 31 | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities: | |||||||||||||||||
Operating cash flows used for operating leases | $ | 40.6 | $ | 37.9 | $ | 34.7 | |||||||||||
Operating cash flows used for finance leases | $ | 3.1 | $ | 3.4 | $ | 3.7 | |||||||||||
Financing cash flows used for finance leases | $ | 11.5 | $ | 9.7 | $ | 9.9 | |||||||||||
ROU assets obtained in exchange for lease obligations: | |||||||||||||||||
| Operating leases | $ | 38.2 | $ | 52.5 | $ | 53.7 | |||||||||||
| Finance leases | $ | 7.0 | $ | — | $ | — | |||||||||||
| Operating leases | Finance leases | ||||||||||
| 2026 | $ | 40.1 | $ | 12.2 | |||||||
| 2027 | 30.5 | 10.5 | |||||||||
| 2028 | 24.0 | 8.7 | |||||||||
| 2029 | 20.3 | 8.6 | |||||||||
| 2030 | 19.2 | 8.8 | |||||||||
| Thereafter | 37.1 | 22.1 | |||||||||
Total minimum lease payments (i) | $ | 171.2 | $ | 70.9 | |||||||
| Less: imputed interest | (32.0) | (12.9) | |||||||||
Total lease liabilities | $ | 139.2 | $ | 58.0 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.