TELEFLEX INCTFX

TELEFLEX INC Leases Disclosure

10-KFiled Feb 27, 20261 min read
Leases
We have operating leases for various types of properties, consisting of manufacturing plants, engineering and research centers, distribution warehouses, offices and other facilities, and equipment used in operations. Some leases provide us with an option, exercisable at our sole discretion, to terminate the lease or extend the lease term for one or more years. When measuring assets and liabilities arising from a lease that provides us with an option to extend the lease term, we take into account payments to be made in the optional extension period when it is reasonably certain that we will exercise the option. Total lease cost (all of which related to operating leases) was $26.2 million, $24.1 million and $26.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Maturities of lease liabilities
December 31, 2025
2026$24,846 
202723,902 
202822,010 
202917,722 
203011,910 
2031 and thereafter18,686 
Total lease payments119,076 
Less: interest(14,240)
Present value of lease liabilities$104,836 

Supplemental information
December 31, 2025December 31, 2024
Total lease liabilities (1)
$104,836$102,569
Cash paid for amounts included in the measurement of lease liabilities within operating cash flows$22,082$20,489
Right of use assets obtained in exchange for operating lease obligations$15,717$3,028
Weighted average remaining lease term
5.5 years
6.5 years
Weighted average discount rate4.5 %4.5 %
(1) The current portion of the operating lease liability is included in other current liabilities.

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 28, 2025
2023Feb 23, 2024
2022Feb 23, 2023
2021Mar 1, 2022
2020Feb 25, 2021
2019Feb 21, 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.

Other Available Disclosures

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