Albertsons 2012 Annual Report Download - page 63
Download and view the complete annual report
Please find page 63 of the 2012 Albertsons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
 |
 |
NOTE 7—LEASES
The Company leases certain retail stores, distribution centers, office facilities and equipment from third parties.
Many of these leases include renewal options and, to a limited extent, include options to purchase. Future
minimum lease payments to be made by the Company for noncancellable operating leases and capital leases as of
February 25, 2012 consist of the following:
Lease Obligations
Fiscal Year
Operating
Leases
Capital
Leases
2013 $ 358 $ 150
2014 355 149
2015 322 145
2016 285 142
2017 244 135
Thereafter 1,321 1,162
Total future minimum obligations $ 2,885 1,883
Less interest (787)
Present value of net future minimum obligations 1,096
Less current obligations (65)
Long-term obligations $ 1,031
Total future minimum obligations have not been reduced for future minimum subtenant rentals of $231 under
certain operating subleases.
Rent expense and subtenant rentals under operating leases consisted of the following:
2012 2011 2010
Minimum rent $ 394 $ 435 $ 455
Contingent rent 6 5 6
400 440 461
Subtenant rentals (52) (66) (66)
$ 348 $ 374 $ 395
59