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Cabela's Corp. disclosed the following lease information in its 2011 annual report (in millions). What lease liability does Cabela's report on its balance sheet?

Capital Leases Operating Leases
2012 $ 1,000 $ 10,746
2013 1,000 11,022
2014 1,000 9,473
2015 1,000 8,841
2016 1,000 8,579
Thereafter 19,500 121,524
Total 24,500 $170,185
Amount representing interest (11,578)
Net present value of leases $ 12,922

 

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