Omnicom Group (Omnicom Group) Long-Term Capital Lease Obligation

: $853 Mil (As of Dec. 2023)

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Omnicom Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $853 Mil.

Omnicom Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($850 Mil) to Sep. 2023 ($828 Mil) but then increased from Sep. 2023 ($828 Mil) to Dec. 2023 ($853 Mil).

Omnicom Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($952 Mil) to Dec. 2022 ($900 Mil) and declined from Dec. 2022 ($900 Mil) to Dec. 2023 ($853 Mil).

Omnicom Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Omnicom Group'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.

* Premium members only.

Omnicom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,274.70

1,114.00

952.10

900.00

853.00

Omnicom Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																900.00	890.70	850.10	828.00	853.00

Omnicom Group (NYSE:OMC) 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.

Omnicom Group Long-Term Capital Lease Obligation Related Terms

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Omnicom Group (Omnicom Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnicom Group Inc (NYSE:OMC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OCN:Germany O1MC34:Brazil

Address

280 Park Avenue, New York, NY, USA, 10017

Website

https://www.omnicomgroup.com

Omnicom is the world's second-largest ad holding company, based on annual revenue. The firm's services, which include traditional and digital advertising and public relations, are provided worldwide, with over 80% of its revenue coming from more developed regions such as North America and Europe.

Executives

Linda Johnson Rice	director
Andrew Castellaneta	officer: SVP, Chief Accounting Officer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Mark D Gerstein	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Rochelle M. Tarlowe	officer: Senior VP and Treasurer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Jonathan B. Nelson	officer: CEO, Omnicom Digital	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
John Wren	director, officer: President and CEO
Louis F Januzzi	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOMGROUP, 280 PARK AVENUE, NEW YORK NY 10017
Michael J Obrien	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOM GROUP INC, 437 MADISON AVE, NEW YORK NY 10022
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Coleman Leonard S Jr	director	C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY, CA 94065
Dennis E. Hewitt	officer: Treasurer	437 MADISON AVENUE, NEW YORK NY 10022
Ronnie S. Hawkins	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Peter K. Sherman	officer: Executive Vice President	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Gracia C Martore	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Bruce Crawford	director, officer: Chairman