department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
Capital Lease Liability Dollars in Millions
2012 – Asset Category
As of September 30
Future Payments Due
Land and
Buildings
Equipment Other Total
2013 $ 17.5 $ 0.1 $ 2.8 $ 20.4
2014 19.6 0.0 1.1 20.7
2015 19.1 0.0 0.0 19.1
2016 10.4 0.0 0.0 10.4
2017 11.7 0.0 0.0 11.7
After 5 Years 126.9 0.0 0.0 126.9
Total Future Lease Payments Due $ 205.2 $ 0.1 $ 3.9 $ 209.2
Less: Imputed Interest Executory Costs 2.9 0.0 0.0 2.9
Net Capital Lease Liability $ 202.3 $ 0.1 $ 3.9 $ 206.3
Capital Lease Liabilities Covered by Budgetary Resources 206.3
Capital Lease Liabilities Not Covered by Budgetary Resources 0.0
Capital Lease Liability Dollars in Millions
2011 – Asset Category
As of September 30
Future Payments Due
Land and
Buildings
Equipment Other Total
2012 $ 46.2 $ 0.1 $ 9.7 $ 56.0
2013 22.8 0.1 2.8 25.7
2014 18.9 0.0 2.6 21.5
2015 18.9 0.0 0.0 18.9
2016 19.1 0.0 0.0 19.1
After 5 Years 138.6 0.0 0.0 138.6
Total Future Lease Payments Due $ 264.5 $ 0.2 $ 15.1 $ 279.8
Less: Imputed Interest Executory Costs 42.1 0.0 0.0 42.1
Net Capital Lease Liability $ 222.4 $ 0.2 $ 15.1 $ 237.7
Capital Lease Liabilities Covered by Budgetary Resources 237.7
Capital Lease Liabilities Not Covered by Budgetary Resources 0.0
Intragovernmental Other Liabilities primarily consists of unemployment compensation
liabilities.
Non-Federal Other Liabilities primarily consist of estimated costs for services provided;
accrued liabilities for inventory owned and managed on behalf of foreign governments; and
undistributed international tariff receipts.
Contingent Liabilities includes $3.4 billion related to contracts authorizing progress
payments based on cost as defined in the Federal Acquisition Regulation (FAR). In
accordance with contract terms, specific rights to contractors’ work vests with the Federal
Government when a specific type of contract financing payment is made. This action
protects taxpayer funds in the event of contract nonperformance. These rights should not
be misconstrued as rights of ownership. The Department is under no obligation to pay
contractors for amounts greater than the amounts authorized in contracts until delivery and
government acceptance. Due to the probability the contractors will complete their efforts
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Financial Information