RB GLOBAL INC. Leases Disclosure
| Year ended December 31, | 2025 | 2024 | 2023 | |||||||||||||||||
| Operating lease cost | $ | 260.1 | $ | 250.8 | $ | 192.1 | ||||||||||||||
| Finance lease cost | ||||||||||||||||||||
| Amortization of leased assets | 19.2 | 12.5 | 11.3 | |||||||||||||||||
| Interest on lease liabilities | 4.5 | 1.7 | 1.3 | |||||||||||||||||
| Short-term lease cost | 11.5 | 12.6 | 17.0 | |||||||||||||||||
| Sublease income | (3.5) | (1.0) | (0.6) | |||||||||||||||||
| $ | 291.8 | $ | 276.6 | $ | 221.1 | |||||||||||||||
| 2026 | $ | 211.1 | |||
| 2027 | 216.9 | ||||
| 2028 | 207.6 | ||||
| 2029 | 195.2 | ||||
| 2030 | 174.6 | ||||
| Thereafter | 1,179.7 | ||||
| Total future minimum lease payments | 2,185.1 | ||||
| Less: imputed interest | (600.1) | ||||
| Total operating lease liabilities | 1,585.0 | ||||
| Less: current operating lease liabilities | (128.2) | ||||
| Long-term operating lease liabilities | $ | 1,456.8 | |||
| At December 31, 2025 | Cost | Accumulated depreciation | Net book value | |||||||||||||||||
| Property | $ | 24.1 | $ | — | $ | 24.1 | ||||||||||||||
| Vehicles | 35.7 | (18.0) | 17.7 | |||||||||||||||||
| Computer equipment | 13.6 | (10.8) | 2.8 | |||||||||||||||||
| Yard and other equipment | 76.1 | (19.4) | 56.7 | |||||||||||||||||
| $ | 149.5 | $ | (48.2) | $ | 101.3 | |||||||||||||||
| At December 31, 2024 | Cost | Accumulated depreciation | Net book value | |||||||||||||||||
| Vehicles | $ | 32.8 | $ | (16.6) | $ | 16.2 | ||||||||||||||
| Computer equipment | 14.3 | (9.9) | 4.4 | |||||||||||||||||
| Yard and other equipment | 38.5 | (10.0) | 28.5 | |||||||||||||||||
| $ | 85.6 | $ | (36.5) | $ | 49.1 | |||||||||||||||
| 2026 | $ | 28.0 | |||
| 2027 | 45.8 | ||||
| 2028 | 20.1 | ||||
| 2029 | 14.9 | ||||
| 2030 | 4.7 | ||||
| Total future minimum lease payments | 113.5 | ||||
| Less: imputed interest | (11.9) | ||||
| Total finance lease liabilities | 101.6 | ||||
| (22.1) | |||||
| $ | 79.5 | ||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 27, 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.