Sales-type lease

(redirected from Sales Type Lease)

Sales-type lease

The leasing out of a firm's own equipment, such as a printing company leasing its own presses, thereby competing with an independent leasing company.

Sales-Type Lease

A lease whereby a company rents its own assets that it needs to run its business. For example, an automobile factory may lease its machinery to another factory.
References in periodicals archive ?
We can now assume that the capital lease is a sales type lease for the lessor.
For the lessor, a capital lease is broken down into two further categories; a sales type lease or a direct financing lease.
in Brussels and syndicated by a group of 7 European banks, allows essentially all of Sensormatic's European subsidiaries to sell sales type lease receivables on a limited recourse basis to the bank group.
Vanourek continued, "The ease with which our European subsidiaries can obtain cash, in any European currency, for their sales type lease activities is now greatly improved, giving them significantly greater financial flexibility.
The increase in other income again resulted primarily from a large increase in gain on sales of leased property, offset by decreased income from sales type leases.
The decreased revenues resulted from a 55% decrease in revenues from sales type leases, which was offset in part by higher lease revenues from direct financing leases.
The decreased revenues reflect lower revenues from sales of leased property and sales type leases, as well as lower interest income from cash and short-term investments, offset by higher revenues from direct financing leases.
Service Revenue, which excludes both the impact of immediate revenue recognition for sales type leases and cash collected as deferred revenue, increased 5% from the first quarter of 2000, and 20% over the second quarter of 1999, on a pro forma basis.
The increase in leasing revenue included a 15% decrease in revenues from direct financing leases, offset up a 55% increase in revenues from sales type leases.
Summary of Operating Results For the Years Ended December 31, 1999 and 1998 (Unaudited) Amounts in thousands (except per share data) PanAmSat PanAmSat 12/31/99 12/31/98 Revenues Operating leases, satellite services and other $ 787,509 $ 736,624 Outright sales and sales type leases 23,108 30,639 Total Revenues 810,617 767,263 Costs and Expenses Leaseback expense, net of deferred gain 15,391 47,223 Direct operating and SG&A costs 176,388 166,761 Total 191,779 213,984 EBITDA 618,838 553,279 Depreciation & amortization 280,472 234,945 Interest expense, net 112,002 97,788 Income before income taxes 226,364 220,546 Income tax expense 104,127 95,940 Net Income $ 122,237 $124,606 Earnings per share $ 0.
Total video services revenues, which include revenues from sales type leases, increased by 3 percent to $139.
Actual results may differ materially fromrisks associated with technology (including without limitation, delayed launches, launch failures and in-orb Summary of Operating Results For the Three Months Ended June 30, 1999 and 1998 (Unaudited) Amounts in thousands (except per share data) $194,421 $185,277 Outright sales and sales type leases 5,961 5,803 Total Costs and Expenses 49,517 56,596 nse, net 28,295 24,432 - $ 30,565 $ 27,757 $ 0.