GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Bemis Co Inc (NYSE:BMS) » Definitions » Gross Property, Plant and Equipment

Bemis Co (Bemis Co) Gross Property, Plant and Equipment : $1,239 Mil (As of Mar. 2019)


View and export this data going back to 1966. Start your Free Trial

What is Bemis Co Gross Property, Plant and Equipment?

Bemis Co's quarterly gross PPE increased from Sep. 2018 ($1,254 Mil) to Dec. 2018 ($2,743 Mil) but then declined from Dec. 2018 ($2,743 Mil) to Mar. 2019 ($1,239 Mil).

Bemis Co's annual gross PPE increased from Dec. 2016 ($2,624 Mil) to Dec. 2017 ($2,775 Mil) but then declined from Dec. 2017 ($2,775 Mil) to Dec. 2018 ($2,743 Mil).


Bemis Co Gross Property, Plant and Equipment Historical Data

The historical data trend for Bemis Co's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bemis Co Gross Property, Plant and Equipment Chart

Bemis Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,310.30 2,419.50 2,624.10 2,775.30 2,743.40

Bemis Co Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,325.80 1,272.60 1,253.70 2,743.40 1,239.10

Bemis Co Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Bemis Co  (NYSE:BMS) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Bemis Co Gross Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Bemis Co's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Bemis Co (Bemis Co) Business Description

Traded in Other Exchanges
N/A
Address
2301 Industrial Drive, Neenah, WI, USA, 54957-0669
Bemis manufactures flexible packaging, primarily for the food industry, but also for the medical and consumer product industries. In coming years, we expect the company to look to make bolt-on acquisitions and invest in higher-end packaging technologies.
Executives
Deursen Holly Van director 21211 NORDHOFF STREET, CHATSWORTH CA 91311
William E Jackson officer: Senior Vice President ONE NEENAH CENTER, 4TH FLOOR P.O. BOX 669 NEENAH WI 54957
Adele M. Gulfo director ONE NEENAH CENTER, 4TH FLOOR, P.O. BOX 669, NEENAH WI 54957
William F. Austen director, officer: President & CEO 222 SOUTH 9TH STREET, SUITE 2300, MINNEAPOLIS MN 55402-4099
Robert H Yanker director 3505 RIVERLY ROAD, ATLANTA GA 30327
Michael B Clauer officer: Senior Vice President
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Philip G Weaver director COOPER TIRE & RUBBER CO, 701 LIMA AVE, FINDLAY OH 45840
Arun Nayar director 9 MARSHAL LANE, WESTON CT 06883
Louis Fred Stephan officer: President Bemis North America 2301 INDUSTRIAL DRIVE, NEENAH WI 54956
David T Szczupak director WHIRLPOOL CORPORATION, 2000 M63N, BENTON HARBOR MI 49022
Sheri H. Edison officer: Chief Legal Officer 1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Timothy Manganello director, other: Chairman of the Board 3850 HAMLIN RD., AUBURN HILLS MI 48326
David S Haffner director
Guillermo Novo director AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195

Bemis Co (Bemis Co) Headlines

From GuruFocus

Good Times Are Here Again for This Packaging Company

By Mrinalini Chaudhuri Mrinalini Chaudhuri 04-20-2016

Bemis: Leading the High-Barrier Packaging Industry

By Mrinalini Chaudhuri TaniaC 03-24-2015

RM LAW, Announces Investigation of Bemis Company, Inc.

By PRNewswire PRNewswire 08-15-2018