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Unum Group's quarterly gross PPE increased from Jun. 2023 ($460 Mil) to Sep. 2023 ($463 Mil) and increased from Sep. 2023 ($463 Mil) to Dec. 2023 ($485 Mil).
Unum Group's annual gross PPE stayed the same from Dec. 2021 ($463 Mil) to Dec. 2022 ($452 Mil) but then increased from Dec. 2022 ($452 Mil) to Dec. 2023 ($485 Mil).
The historical data trend for Unum Group'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.
Unum Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 534.10 | 498.00 | 462.70 | 451.70 | 485.30 |
Unum Group 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 | 451.70 | 456.10 | 460.00 | 463.30 | 485.30 |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Unum Group (NYSE:UNM) 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.
Thank you for viewing the detailed overview of Unum Group's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Puneet Bhasin | officer: Chief Info & Digital Officer | 1001 FANNIN, SUITE 4000, HOUSTON TX 77002 |
Christopher W Pyne | officer: EVP, Group Benefits | 1 FOUNTAIN SQUARE, LAW DEPT. (7N200), CHATTANOOGA TN 37402 |
Timothy Gerald Arnold | officer: EVP, President & CEO, Colonial | 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402 |
Mojgan M Lefebvre | director | 385 WASHINGTON STREET, ST. PAUL MN 55102 |
Rice Walter Lynn Jr | officer: SVP, Chief Accounting Officer | 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402-1307 |
Michael Q Simonds | officer: EVP, President & CEO, Unum US | 1 FOUNTAIN SQUARE, LAW DEPT. (7S730), CHATTANOOGA TN 37402 |
Gloria C Larson | director | UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402 |
Lisa G Iglesias | officer: EVP, General Counsel | 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402 |
Richard P Mckenney | officer: Executive Vice President | UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402 |
Cherie Pashley | officer: SVP, Chief Accounting Officer | 1 FOUNTAIN SQUARE, LAW DEPT. 7N200, CHATTANOOGA TN 37402 |
Gale V. King | director | 123 SOUTH FRONT STREET, MEMPHIS TN 38103 |
Francis Shammo | director | 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402 |
Timothy F Keaney | director | 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402 |
Mark Paul Till | officer: EVP & CEO Designate, Unum Intl | 1 FOUNTAIN SQUARE, LAW DEPARTMENT (E7N200), CHATTANOOGA TN 37402 |
Martha Leiper | officer: EVP, Chief Investment Officer | 9800 FREDERICKSBURG ROAD, SAN ANTONIO TX 78288 |
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