First Quarter of ASC 842 10Qs


The First Quarter of ASC 842

An Analysis of 10-Q Disclosures for S&P 500 Companies

It’s been just over six months since ASC 842 went into effect on December 15, 2018. And already 395 of the S&P 500 companies have transitioned to the new lease accounting standard. Collectively the group is reporting a total of $503 billion in operating lease liabilities and $69 billion in finance lease liabilities on their balance sheets. Below is an infographic with some interesting facts about the first 395 big companies to file a 10-Q.

The analysis was based upon interim financial reports (SEC Form 10-Q filings) issued between January 1 and June 14, 2019. Certain data was sourced from Calcbench.