New York Times Co (New York Times Co) Gross Property, Plant and Equipment

: $1,420 Mil (As of Dec. 2023)

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New York Times Co's quarterly gross PPE increased from Jun. 2023 ($1,380 Mil) to Sep. 2023 ($1,387 Mil) and increased from Sep. 2023 ($1,387 Mil) to Dec. 2023 ($1,420 Mil).

New York Times Co's annual gross PPE increased from Dec. 2021 ($1,415 Mil) to Dec. 2022 ($1,434 Mil) but then declined from Dec. 2022 ($1,434 Mil) to Dec. 2023 ($1,420 Mil).

New York Times Co Gross Property, Plant and Equipment Historical Data

The historical data trend for New York Times 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 1,578.00 [6] => 1,480.67 [7] => 1,415.16 [8] => 1,434.32 [9] => 1,419.95 )

New York Times Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Property, Plant and Equipment

1,578.00

1,480.67

1,415.16

1,434.32

1,419.95

New York Times Co 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																1,434.32	1,382.88	1,379.97	1,386.63	1,419.95

New York Times 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.

New York Times Co (NYSE:NYT) 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.

New York Times Co Gross Property, Plant and Equipment Related Terms

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New York Times Co (New York Times Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » New York Times Co (NYSE:NYT) » Definitions » Gross Property, Plant and Equipment

Comparable Companies

Traded in Other Exchanges

NYT:Germany NYT:Germany

Address

620 Eighth Avenue, New York, NY, USA, 10018

Website

https://www.nytco.com

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as nytimes and various smartphone applications. Circulation of The New York Times is the source of revenue for the company, followed by print and digital advertising and its paid digital-only subscription to The New York Times. The company has a daily print circulation of over 3,00,000 and 7,40,000 on Sundays. The source of growth for The New York Times is its digital subscription service, which has over 1,000,000 paid users.

Executives

Arthur G. Sulzberger	director, officer: Publisher, The New York Times	THE NEW YORK TIMES COMPANY, 620 8TH AVENUE, NEW YORK NY 10018
Diane Brayton	officer: EVP, GENERAL COUNSEL & SEC	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
R Anthony Benten	officer: SVP, Treasurer & Controller	C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036
Kopit Levien Meredith A.	officer: EVP & Chief Operating Officer	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
William Bardeen	officer: Chief Financial Officer	620 EIGHTH AVENUE, NEW YORK NY 10018
Roland A. Caputo	officer: Interim CFO and EVP	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
David S. Perpich	director	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Manuel Bronstein	director	970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Beth A. Brooke	director	C/O EHEALTH, INC., 2625 AUGUSTINE DRIVE, SECOND FLOOR, SANTA CLARA CA 95054
Jacqueline M Welch	officer: EVP and CHRO	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur S. Golden	director	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Mark Thompson	director, officer: PRESIDENT & CEO	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur Jr Sulzberger	director, officer: Chairman and Publisher	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Doreen A Toben	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Robert E Denham	director	MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071