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1-800-Flowers.com (1-800-Flowers.com) Gross Property, Plant and Equipment : $663 Mil (As of Dec. 2023)


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What is 1-800-Flowers.com Gross Property, Plant and Equipment?

1-800-Flowers.com's quarterly gross PPE increased from Jun. 2023 ($652 Mil) to Sep. 2023 ($654 Mil) and increased from Sep. 2023 ($654 Mil) to Dec. 2023 ($663 Mil).

1-800-Flowers.com's annual gross PPE increased from Jun. 2021 ($567 Mil) to Jun. 2022 ($609 Mil) and increased from Jun. 2022 ($609 Mil) to Jun. 2023 ($652 Mil).


1-800-Flowers.com Gross Property, Plant and Equipment Historical Data

The historical data trend for 1-800-Flowers.com'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.

1-800-Flowers.com Gross Property, Plant and Equipment Chart

1-800-Flowers.com Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 372.31 469.65 567.19 609.18 651.70

1-800-Flowers.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 635.22 640.20 651.70 654.46 662.58

1-800-Flowers.com 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.


1-800-Flowers.com  (NAS:FLWS) 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.


1-800-Flowers.com Gross Property, Plant and Equipment Related Terms

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1-800-Flowers.com (1-800-Flowers.com) Business Description

Traded in Other Exchanges
N/A
Address
Two Jericho Plaza, Suite 200, Jericho, NY, USA, 11753
1-800-Flowers.com Inc is a provider of gifts designed to help customers express, connect and celebrate. The company's e-commerce business platform features all brands, including 1-800-Flowers.com, 1-800-Baskets.com, Cheryl's Cookies, Harry and David, PersonalizationMall.com, Shari's Berries, FruitBouquets.com, Moose Munch, The Popcorn Factory, Wolferman's Bakery, Stock Yards, and Simply Chocolate. Through the Celebrations Passport loyalty program, which provides members with free standard shipping and no service charge across its portfolio of brands, the firm strives to deepen relationships with customers. The company also operates BloomNet, an international floral and gift industry service provider; Napco, a resource for floral gifts and seasonal decor; and DesignPac Gifts, LLC.
Executives
William E Shea officer: CFO ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Thomas G Hartnett officer: Senior Vice President ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Joseph Rowland officer: President, GFGB TWO JERICHO PLAZA, SUITE 200, JERICHO NY 11753
Leonard J Elmore director ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Steven A Lightman officer: President, GFGB 5372 E. GLENEAGLES DRIVE, TUCSON AZ 85718
Dinesh Popat officer: President, BloomNet, Inc. ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Christopher G Mccann director, officer: President ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Eugene F Demark director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Arnold P Leap officer: Chief Information Officer ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Dina M. Colombo director ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Hofmann Stephanie Redish director ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Larry Zarin director ONE EXPRESS WAY, ST. LOUIS MO 63121
James F Mccann director, 10 percent owner, officer: Chief Executive Officer, other: Chairman of the Board ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
James Mccann 2005 Trust other: Member of 10% owner group ONE OLD COUNTRY ROAD, CARLE PLACE NY 11514
Matthew Mccann 2005 Trust other: Member of 10% owner group ONE OLD COUNTRY ROAD, CARLE PLACE NY 11514