{ "schema_version": "1.0.0", "dataset_id": "hyperscaler-obligations-2026-10-14", "reviewed_on": "2026-10-14", "currency": "USD", "unit": "millions", "scope": "Selected publicly disclosed leases, debt maturities, purchases and contingent support. Amounts retain issuer scope and dates. This is not a sum of AI debt or an estimate of required new financing.", "sources": [ { "id": "MSFT_10K", "url": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "as_of": "2026-06-30", "locator": "MD&A contractual obligations; Notes 6, 10 and 13.", "access": "Primary filing read through normal browser accessibility text after web extraction failed." }, { "id": "GOOGL_10Q", "url": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000071/goog-20260630.htm", "as_of": "2026-06-30", "locator": "Notes 3 to 6 and 10; MD&A purchase commitments and other contractual obligations." }, { "id": "AMZN_10Q", "url": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "as_of": "2026-06-30", "locator": "Cash-flow supplemental data; Notes 3 and 4." }, { "id": "META_10Q", "url": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "as_of": "2026-06-30", "locator": "Balance sheet; Notes 5, 8 and 9; July lease disclosure kept separate." }, { "id": "ORCL_10Q", "url": "https://www.sec.gov/Archives/edgar/data/1341439/000119312526389274/orcl-20260831.htm", "as_of": "2026-08-31", "locator": "Balance sheet; Note 6; MD&A Recent Financing Activities.", "filed_on": "2026-09-11" } ], "companies": [ { "id": "MSFT", "source_id": "MSFT_10K", "as_of": "2026-06-30", "commenced_lease_schedule": { "periods": [ "FY2027", "FY2028", "FY2029", "FY2030", "FY2031", "Thereafter" ], "fiscal_year_end": "June 30", "operating": [ 6082, 4334, 3146, 2612, 2316, 6216 ], "finance": [ 7121, 7294, 6668, 6570, 6543, 55490 ], "operating_total": 24706, "finance_total": 89686, "operating_imputed_interest": 2781, "finance_imputed_interest": 23092, "operating_present_value": 21925, "finance_present_value": 66594 }, "not_commenced_leases": { "amount": 329100, "precision": "rounded_to_100_million", "commencement": "FY2027 through FY2033", "term": "1 to 20 years", "condition": "Some arrangements depend on contractual conditions." }, "broad_contractual_schedule": { "periods": [ "FY2027", "Thereafter" ], "rows": [ { "id": "debt_principal", "amounts": [ 9250, 36886 ], "total": 46136 }, { "id": "debt_interest", "amounts": [ 1405, 24148 ], "total": 25553 }, { "id": "construction", "amounts": [ 29848, 4718 ], "total": 34566 }, { "id": "leases_including_imputed_interest", "amounts": [ 32411, 411095 ], "total": 443506 }, { "id": "purchases", "amounts": [ 169008, 25052 ], "total": 194060 } ], "column_totals": [ 241922, 501899 ], "grand_total": 743821, "scope_note": "Purchases include open orders and take-or-pay arrangements outside the construction row. These totals are neither annual capex nor additional cash uses on top of a complete cash forecast." }, "debt_principal_schedule": { "periods": [ "FY2027", "FY2028", "FY2029", "FY2030", "FY2031", "Thereafter" ], "amounts": [ 9250, 0, 2001, 0, 500, 34385 ], "total": 46136 }, "overlap_checks": { "lease_total_minus_commenced": 329114, "difference_from_rounded_not_commenced": 14, "interpretation": "Arithmetic reconciliation, not an explicit separate timing schedule: the broad lease row accommodates not-commenced leases within disclosed rounding. Do not add the rounded amount to the broad row again." }, "supplemental": { "period": "FY2026", "operating_lease_cash": 6443, "finance_lease_interest_cash": 2547, "finance_lease_principal_cash": 3101, "operating_rou_additions": 4555, "finance_rou_additions": 24608, "ppe_in_accounts_payable_at_period_end_rounded": 26700 }, "current_funding_gap_estimate": null }, { "id": "GOOGL", "source_id": "GOOGL_10Q", "as_of": "2026-06-30", "commenced_lease_schedule": { "periods": [ "H2 2026", "2027", "2028", "2029", "2030", "Thereafter" ], "fiscal_year_end": "December 31", "operating": [ 1836, 3498, 2979, 2576, 2046, 8398 ], "finance": [ 206, 387, 377, 356, 285, 1309 ], "operating_total": 21333, "finance_total": 2920, "operating_imputed_interest": 3296, "finance_imputed_interest": 330, "operating_present_value": 18037, "finance_present_value": 2590 }, "not_commenced_leases": { "amount": 85200, "precision": "rounded_to_100_million", "commencement": "2026 through 2031", "term": "1 to 26 years", "condition": "Primarily data centers." }, "additional_short_term_lease": { "amount": 5800, "entered": "2026-06", "commencement": "2026 Q3", "source_wording": "Additionally", "combined_with_not_commenced_total": false }, "purchase_and_other_commitments": { "total": 811000, "short_term": 200700, "short_term_window": "Source labels short-term; no artificial calendar-year split.", "scope": "Technical infrastructure and inventory, long-term supply agreements and open orders; also content and energy take-or-pay contracts." }, "debt": { "total_face_value": 101085, "current_portion_carrying_value": 1999, "identified_2016_note_face_due_in_2026": 2000, "current_carrying_value_is_face_maturity": false, "complete_annual_principal_schedule": null }, "selected_contingent_support": { "credit_derivative_notional": 43785, "financial_guarantee_ceiling_rounded": 7600, "vie_future_funding_rounded": 21900, "included_milestone_contingent_capital": 20000, "capital_milestone_horizon": "through 2030", "credit_notional_is_expected_loss": false, "notes": "VIE leases are already included in Note 4. The 20,000 capital commitment is inside the 21,900 figure. Backstop defaults may permit lease assumption, subleasing or specified termination payments; maximum exposures are not present cash." }, "supplemental": { "period": "2026 Q2", "finance_lease_principal_cash": 318, "prepayments_for_not_commenced_finance_leases": 201, "operating_rou_additions": 2664, "finance_rou_additions": 691 }, "current_funding_gap_estimate": null }, { "id": "AMZN", "source_id": "AMZN_10Q", "as_of": "2026-06-30", "broad_contractual_schedule": { "periods": [ "H2 2026", "2027", "2028", "2029", "2030", "Thereafter" ], "rows": [ { "id": "debt_principal_and_interest", "amounts": [ 2361, 14060, 17087, 13528, 11112, 162161 ], "total": 220309 }, { "id": "operating_leases", "amounts": [ 9336, 14765, 13924, 12599, 11269, 54457 ], "total": 116350 }, { "id": "finance_leases_including_interest", "amounts": [ 1088, 1775, 1885, 1482, 1269, 9161 ], "total": 16660 }, { "id": "financing_obligations_including_interest", "amounts": [ 352, 682, 694, 706, 720, 7916 ], "total": 11070 }, { "id": "not_commenced_leases", "amounts": [ 4018, 11732, 9278, 9483, 9227, 93476 ], "total": 137214 }, { "id": "unconditional_purchases", "amounts": [ 23452, 33026, 9326, 7961, 7659, 48641 ], "total": 130065 }, { "id": "other_commitments", "amounts": [ 2145, 2044, 1212, 1008, 963, 10994 ], "total": 18366 } ], "column_totals": [ 42752, 78084, 53406, 46767, 42219, 386806 ], "grand_total": 650034, "scope_note": "Excludes generally cancellable ordinary-course open orders. Purchase rows include energy, content, PP&E and software. Debt row includes interest, so it is not comparable to principal-only schedules." }, "commenced_lease_balances": { "operating_undiscounted": 116350, "finance_undiscounted": 16660, "operating_imputed_interest": 20030, "finance_imputed_interest": 3209, "operating_present_value": 96320, "finance_present_value": 13451 }, "not_commenced_leases": { "amount": 137214, "included_in_broad_contractual_total": true, "first_bucket": "H2 2026", "first_bucket_amount": 4018 }, "supplemental": { "period": "2026 Q2", "finance_lease_principal_cash": 395, "finance_lease_interest_cash": 85, "finance_lease_ppe_net_remeasurements_and_modifications": 563, "operating_rou_additions": 7670, "increase_in_ppe_acquired_not_paid": 10700, "change_in_ppe_payables_is_ending_balance": false }, "current_funding_gap_estimate": null }, { "id": "META", "source_id": "META_10Q", "as_of": "2026-06-30", "commenced_lease_balances": { "operating_current_present_value": 2425, "operating_noncurrent_present_value": 26229, "operating_present_value_derived": 28654, "complete_updated_cash_maturity_schedule": null }, "not_commenced_leases": { "amount": 278990, "precision": "rounded_to_10_million", "commencement": "Remainder of 2026 through 2036", "term": "Greater than 1 year to 30 years" }, "subsequent_lease_commitment": { "amount": 68000, "event_month": "2026-07", "commencement": "2027 and 2028", "term": "18 to 20 years", "included_in_june_snapshot": false }, "purchase_and_other_commitments": { "total": 349310, "first_bucket": 53520, "first_bucket_label": "2026 as labeled in the June 30 commitment disclosure", "next_calendar_year": 81650, "scope": "Third-party cloud capacity, servers, network infrastructure, data centers and Reality Labs hardware. Not equivalent to cash PP&E." }, "contingent_cloud_capacity": { "ceiling": 14720, "term_years": 5, "condition": "May be reduced when provider sells capacity to other customers.", "is_unconditional_purchase_total": false }, "debt_principal_schedule": { "periods": [ "H2 2026", "2027", "2028", "2029", "2030", "Thereafter" ], "amounts": [ 0, 2750, 1500, 1000, 5000, 73750 ], "total": 84000 }, "escrow": { "restricted_money_market_funds": 10800, "release_window": "2028 through 2030", "release_condition": "Satisfying infrastructure purchase obligations", "already_funded": true, "note": "Do not treat this amount as both unrestricted liquidity and an unfunded future requirement." }, "louisiana_venture": { "initial_lease_commitment": 12310, "residual_value_threshold_rounded": 28000, "maximum_exposure_to_loss": 46030, "maximum_exposure_includes_components": true, "unconditional_guarantee_of_all_project_debt": false, "aggregate_lease_overlap_not_separately_quantified": true }, "current_funding_gap_estimate": null }, { "id": "ORCL", "source_id": "ORCL_10Q", "as_of": "2026-08-31", "commenced_lease_schedule": { "periods": [ "Remainder FY2027", "FY2028", "FY2029", "FY2030", "FY2031", "FY2032", "Thereafter" ], "fiscal_year_end": "May 31", "operating": [ 3219, 4135, 4097, 4109, 4089, 4030, 24371 ], "finance": [ 620, 852, 923, 947, 971, 996, 9886 ], "operating_total": 48050, "finance_total": 15195, "operating_imputed_interest": 13429, "finance_imputed_interest": 6010, "operating_present_value": 34621, "finance_present_value": 9185 }, "not_commenced_leases": { "amount": 288000, "precision": "rounded_to_1_billion", "commencement": "FY2027 Q2 through FY2029", "term": "15 to 19 years", "excluded_from_commenced_maturity_table": true }, "purchase_and_other_schedule": { "periods": [ "Remainder FY2027", "FY2028", "FY2029", "FY2030", "FY2031", "FY2032", "Thereafter" ], "amounts": [ 5449, 6176, 3863, 4318, 6768, 954, 6622 ], "total": 34150, "scope": "Unconditional purchases and certain other obligations with terms at least one year; primarily infrastructure components and power." }, "debt": { "current_carrying_value": 7625, "noncurrent_carrying_value": 117712, "complete_updated_principal_maturity_schedule": null, "current_carrying_value_is_exact_face_maturity": false }, "supplemental": { "period": "FY2027 Q1", "operating_lease_cash": 950, "finance_lease_cash_including_interest": 186, "finance_lease_principal_separately_identified": null, "operating_rou_additions": 4903, "finance_rou_additions": 1539 }, "atm_equity_program": { "gross_program_cap": 20000, "quarter_net_cash_proceeds": 19909, "fully_utilized_as_of": "2026-08-31", "remaining_authorized_capacity": 0, "note": "This is the disclosed program's remaining capacity at the reporting date, not a claim that no later or alternative equity financing is possible." }, "current_funding_gap_estimate": null } ], "interpretation_rules": [ "Do not aggregate unmatched dates, payment windows or principal-only and interest-inclusive scopes.", "Do not subtract contractual operating payments again from CFO when the forecast already includes them.", "Do not add both cash capex and the purchase commitments that finance the same equipment.", "Lease liability present values, undiscounted payments and new ROU assets are different measures.", "Already funded escrow, future funding commitments and contingent guarantees require separate treatment.", "No company-level future minimum financing requirement is calculated from these disclosures alone." ] }