Aurora Innovation (Aurora Innovation) Long-Term Capital Lease Obligation : $103.00 Mil (As of Mar. 2024)

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What is Aurora Innovation Long-Term Capital Lease Obligation?

Aurora Innovation's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $103.00 Mil.

Aurora Innovation's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($111.00 Mil) to Dec. 2023 ($107.00 Mil) and declined from Dec. 2023 ($107.00 Mil) to Mar. 2024 ($103.00 Mil).

Aurora Innovation's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($135.00 Mil) to Dec. 2022 ($123.00 Mil) and declined from Dec. 2022 ($123.00 Mil) to Dec. 2023 ($107.00 Mil).

Aurora Innovation Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aurora Innovation's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aurora Innovation Long-Term Capital Lease Obligation Chart

Aurora Innovation Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

97.15

135.00

123.00

107.00

Aurora Innovation Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										122.00	119.00	111.00	107.00	103.00

Aurora Innovation (NAS:AUR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Aurora Innovation (Aurora Innovation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aurora Innovation Inc (NAS:AUR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1654 Smallman Street, Pittsburgh, PA, USA, 15222

Website

https://www.aurora.tech

Aurora Innovation Inc is engaged in delivering self-driving technology safely, quickly, and broadly. The company designs and develops the Aurora Driver, which is the hardware, software, and data services that allow vehicles to drive themselves. Its flagship product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company has partnered with industries across the transportation ecosystem including Toyota, Volvo, PACCAR, Uber, Uber Freight, FedEx, and U.S. Xpress. The company tests its vehicles in the Bay Area, Pittsburgh, and Texas and has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Detroit, MI.

Executives

Sterling Anderson	director	C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE CA 94042
David Maday	officer: See Remarks	1654 SMALLMAN ST, PITTSBURGH PA 15222
Gloria R. Boyland	director	6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118
Ossa Fisher	officer: President	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Nolan Shenai	officer: General Counsel and Secretary	1654 SMALLMAN ST,, PITTSBURGH PA 15222
Claire D'oyly-hughes Johnson	director	C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Uber Technologies, Inc	10 percent owner	1515 3RD STREET, SAN FRANCISCO CA 94158
James Andrew Bagnell	director	C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Christopher Urmson	director, 10 percent owner, officer: See Remarks	C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Richard Tame	officer: Vice President of Finance	C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
William Mouat	officer: See Remarks	C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Dara Khosrowshahi	director	C/O INTERACTIVE CORP, 152 WEST 57TH ST, NEW YORK NY 10019
Brittany Bagley	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Michelangelo Volpi	director	C/O HORTONWORKS, INC., 3640 W. BAYSHORE RD., PALO ALTO CA 94303
Carl M. Eschenbach	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025