Go Daddy 2015 Annual Report Download - page 110
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Table of Contents
GoDaddy Inc.
Notes to Consolidated Financial Statements
(In millions, except share amounts which are reflected in thousands and per share amounts)
Future minimum payments under this lease as of December 31, 2015 are as follows:
Year Ending December 31:
2016 $ 3.2
2017 3.2
2018 3.2
2019 3.2
2020 3.5
Thereafter 15.7
$ 32.0
Leases
We lease office space, data center space (including commitments for specified levels of power), vehicles and certain computer equipment under operating
and capital leases expiring at various dates through September 2026 . Total operating lease rent expense was $42.2 million , $39.3 million and $29.6 million during
2015 , 2014 and 2013 , respectively.
Future minimum lease obligations under capital leases and non-cancelable operating leases with initial terms in excess of one year at December 31, 2015 are
as follows:
Year Ending December 31:
Capital
Leases
Operating
Leases
2016
$ 12.4
$ 40.1
2017
4.5
21.4
2018
0.3
14.8
2019
—
9.9
2020
—
8.2
Thereafter
—
34.8
Total minimum payments
17.2
$ 129.2
Less: amount representing interest
(0.4)
Capital lease obligation
$ 16.8
Service Agreements
We have entered into long-term agreements with certain vendors to provide for software and equipment maintenance, specified levels of bandwidth and
other services. Under these arrangements, we are required to make periodic payments. Future minimum obligations under these non-cancelable agreements with
initial terms in excess of one year at December 31, 2015 are as follows:
Year Ending December 31:
2016 $ 10.9
2017 3.2
2018 0.1
Thereafter —
Total minimum payments $ 14.2
Litigation
From time-to-time, we are a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, labor
and employment claims, breach of contract claims and other asserted and unasserted claims. We investigate these claims as they arise and accrue estimates for
resolution of legal and other contingencies when losses are probable and estimable. While the results of such normal course claims and legal proceedings cannot be
predicted with certainty, management does not believe, based on current knowledge and the likely timing of resolution of various matters, any
104