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LHC Group's quarterly net PPE declined from Jun. 2022 ($266 Mil) to Sep. 2022 ($263 Mil) and declined from Sep. 2022 ($263 Mil) to Dec. 2022 ($262 Mil).
LHC Group's annual net PPE increased from Dec. 2020 ($238 Mil) to Dec. 2021 ($267 Mil) but then declined from Dec. 2021 ($267 Mil) to Dec. 2022 ($262 Mil).
The historical data trend for LHC Group'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.
LHC Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 79.56 | 193.36 | 238.41 | 267.36 | 262.28 |
LHC Group Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 267.36 | 268.63 | 265.90 | 262.78 | 262.28 |
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:
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.
LHC Group (NAS:LHCG) 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 LHC Group's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Nicholas Iii Gachassin | officer: EVP, General Counsel | 901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508 |
Dale Mackel | other: CFO | 901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508-2511 |
Reed W Earl Iii | director | 9510 OMSBY SLATION ROAD, STE 300, LOIISVILLE KY 40223 |
Kimberly S Seymour | other: SVP, Chief Accounting Officer | 901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508 |
Tricia Nguyen | other: EVP, Chief Medical Officer | 1801 KIRA COURT, ARLINGTON TX 76006 |
Mcquiddy Collin | other: SVP, Chief Accounting Officer | 901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508 |
Donald Dwayne Stelly | officer: Senior Vice President | 420 WEST PINHOOK ROAD, SUITE A, LAFAYETTE LA 70503 |
John L Indest | director, officer: COO of Home, Senior V.P. | 420 WEST PINHOOK ROAD, SUITE A, LAFAYETTE LA 70503 |
Ronald T Nixon | director | 1375 ENCLAVE PKWY, HOUSTON TX 77077 |
Keith G Myers | director, 10 percent owner, officer: CEO and President | 901 HUGH WALLIS RD S, LAFAYETTE LA 70508 |
Joshua L. Proffitt | officer: Executive Vice President | 901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508 |
Teri G. Fontenot | director | 18933 EAST PINNACLE CIRCLE, BATON ROUGE LA 70634 |
Tyree G Wilburn | director | |
Jeff Reibel | officer: See Remarks | 9510 ORMSBY STATION ROAD, SUITE 300, LOUISVILLE KY 40223 |
Bruce D Greenstein | officer: Chief Innovation Officer | 901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508 |
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