CLARIVATE PLC Leases Disclosure
Year Ended December 31, | |||||
2025 | 2024 | 2023 | |||
Lease Cost | |||||
Operating lease cost | $20.5 | $20.2 | $22.4 | ||
Variable and short-term lease cost | 6.4 | 4.8 | 6.0 | ||
Finance lease cost | 2.5 | 2.4 | 2.6 | ||
Total lease cost | $29.4 | $27.4 | $31.0 | ||
Supplemental Cash Flow Disclosures | |||||
Cash paid for amounts included in measurement of lease liabilities: | |||||
Operating cash flows for operating leases | $26.7 | $30.3 | $31.9 | ||
Operating cash flows for finance leases | 2.0 | 2.1 | 2.1 | ||
Financing cash flows for finance leases | 1.3 | 1.2 | 1.0 | ||
Right-of-use assets obtained in exchange for lease obligations: | |||||
Operating leases | $8.0 | $16.8 | $16.2 | ||
Other Information | |||||
Weighted-average remaining lease term: | |||||
Operating leases | 4 | 5 | 5 | ||
Finance leases | 11 | 12 | 13 | ||
Weighted-average discount rate: | |||||
Operating leases | 6.5% | 6.2% | 5.2% | ||
Finance leases | 6.9% | 6.9% | 6.9% | ||
Year Ending December 31, | Operating Leases | Finance Leases | ||
2026 | $21.3 | $3.4 | ||
2027 | 15.3 | 3.4 | ||
2028 | 8.5 | 3.5 | ||
2029 | 7.2 | 3.6 | ||
2030 | 4.6 | 3.7 | ||
Thereafter | 7.7 | 22.6 | ||
Total undiscounted cash flows | $64.6 | $40.2 | ||
Present value: | ||||
Current lease liabilities | 18.4 | 1.5 | ||
Non-current lease liabilities | 37.9 | 26.6 | ||
Total lease liabilities | $56.3 | $28.1 | ||
Interest on lease liabilities | $8.3 | $12.1 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
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.