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Flagstar Bancorp (Flagstar Bancorp) Property, Plant and Equipment : $354 Mil (As of Sep. 2022)


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What is Flagstar Bancorp Property, Plant and Equipment?

Flagstar Bancorp's quarterly net PPE stayed the same from Mar. 2022 ($354 Mil) to Jun. 2022 ($354 Mil) and stayed the same from Jun. 2022 ($354 Mil) to Sep. 2022 ($354 Mil).

Flagstar Bancorp's annual net PPE declined from Dec. 2019 ($416 Mil) to Dec. 2020 ($392 Mil) and declined from Dec. 2020 ($392 Mil) to Dec. 2021 ($360 Mil).


Flagstar Bancorp Property, Plant and Equipment Historical Data

The historical data trend for Flagstar Bancorp's 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.

Flagstar Bancorp Property, Plant and Equipment Chart

Flagstar Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 330.00 390.00 416.00 392.00 360.00

Flagstar Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 370.00 360.00 354.00 354.00 354.00

Flagstar Bancorp Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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.


Flagstar Bancorp  (NYSE:FBC) 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.


Flagstar Bancorp Property, Plant and Equipment Related Terms

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Flagstar Bancorp (Flagstar Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
5151 Corporate Drive, Troy, MI, USA, 48098-2639
Flagstar Bancorp Inc is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.
Executives
Karen Buck officer: EVP and Director of Operations 5151 CORPORATE DRIVE, TROY MI 48098
Toan Huynh director 5151 CORPORATE DRIVE, TROY MI 48098
Lori Jordan director 5151 CORPORATE DRIVE, TROY MI 48098
David J Matlin director
Peter Schoels director GLOBAL AERO LOGISTICS INC., 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Mp Thrift Investments L.p. 10 percent owner MATLINPATTERSON GLOBAL ADVISERS LLC, 520 MADISON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Reginald E Davis officer: EVP and President of Banking 5151 CORPORATE DRIVE, TROY MI 48098
Kristy Fercho officer: EVP and President of Mortgage 5151 CORPORATE DRIVE, TROY MI 48098
Andrew W Ottaway officer: Michigan Market President 5151 CORPORATE DRIVE, TROY MI 48098
Jennifer R Whip director 621 PUGH ROAD, WAYNE PA 19087
Patrick M Mcguirk officer: EVP and Gen Counsel 5151 CORPORATE DRIVE, TROY MI 48098
Leonard Ii Israel officer: Exec VP 5151 CORPORATE DRIVE, TROY MI 48098
Andrew Fornarola officer: EVP and Director Com Bnking FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bruce E Nyberg director FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bryan Marx officer: SVP Chief Accting Officer(PAO) 5151 CORPORATE DRIVE, TROY MI 48098