REVVITY, INC.RVTY

REVVITY, INC. Leases Disclosure

10-KFiled Feb 24, 20262 min read
Leases
Lessee Disclosures
The Company leases certain property and equipment under operating and finance leases. The Company’s leases have remaining lease terms of less than 1 year to 25 years, some of which include options to extend the lease for up to 5 years, and some of which include options to terminate the lease within 1 year. Finance leases are not material to the Company.
The components of lease expense were as follows:
 December 28,
2025		December 29,
2024		December 31,
2023
 (In thousands)
Operating lease cost$47,862 $40,957 $47,738 
Supplemental cash flow information related to leases was as follows:
 December 28,
2025		December 29,
2024		December 31,
2023
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$37,179 $33,198 $42,597 
Right-of-use assets obtained in exchange for new lease obligations:
   Operating leases17,249 47,649 10,049 
Supplemental balance sheet information related to leases was as follows:
 December 28,
2025		December 29,
2024
 (In thousands, except lease term and discount rate)
Operating Leases:
Operating lease right-of-use assets$165,439 $167,716 
Operating lease liabilities included in Accrued expenses and other current liabilities$30,035 $23,582 
Operating lease liabilities148,108 151,505 
Total operating lease liabilities$178,143 $175,087 
Weighted Average Remaining Lease Term in Years
Operating leases7.38.2
Weighted Average Remaining Discount Rate
Operating leases4.9%4.7%
Lease costs from finance leases, short-term leases, variable lease costs and sub-lease income are not material.
Future payments of operating lease liabilities as of December 28, 2025 were as follows:
 (In thousands)
2026$37,328 
202735,369 
202829,214 
202923,760 
203020,094 
2031 and thereafter66,155 
Total lease payments211,920 
Less imputed interest(33,777)
    Total operating lease liabilities$178,143 
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Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 25, 2025
2023Mar 1, 2023
2022Mar 3, 2022
2021Mar 2, 2021
2019Feb 25, 2020
2018Feb 26, 2019
2017Feb 28, 2017
2016Mar 1, 2016

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.

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