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They’re talking about accounting at big tech and not hyperscalers

Purchase commitments aren’t even future debt, they’re a future asset

The lease agreement does become a financial liability and corresponding asset when it commences. In this case the article is adding leases that haven’t started yet, so GAAP account…

If you open the annual report and look at the numbers they’re citing, they’re adding lease payments from uncommenced leases and future purchase commitments. Accounting rules prohib…