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IntriCon (IntriCon) Gross Property, Plant and Equipment : $56.1 Mil (As of Mar. 2022)


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What is IntriCon Gross Property, Plant and Equipment?

IntriCon's quarterly gross PPE increased from Sep. 2021 ($53.0 Mil) to Dec. 2021 ($53.3 Mil) and increased from Dec. 2021 ($53.3 Mil) to Mar. 2022 ($56.1 Mil).

IntriCon's annual gross PPE increased from Dec. 2019 ($45.4 Mil) to Dec. 2020 ($52.4 Mil) and increased from Dec. 2020 ($52.4 Mil) to Dec. 2021 ($53.3 Mil).


IntriCon Gross Property, Plant and Equipment Historical Data

The historical data trend for IntriCon'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.

IntriCon Gross Property, Plant and Equipment Chart

IntriCon Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.12 36.73 45.45 52.36 53.35

IntriCon Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 52.60 53.10 52.96 53.35 56.05

IntriCon 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.


IntriCon  (NAS:IIN) 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.


IntriCon Gross Property, Plant and Equipment Related Terms

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IntriCon (IntriCon) Business Description

Traded in Other Exchanges
N/A
Address
1260 Red Fox Road, Arden Hills, MN, USA, 55112
IntriCon Corp is an international company and joint development manufacturer (JDM) of micromedical components, sub-assemblies and final devices. The company serves as a JDM partner to medical device original equipment manufacturers by designing, developing, engineering, manufacturing, packaging and distributing micromedical products for high growth markets, such as diabetes, peripheral vascular, interventional pulmonology, electrophysiology and hearing healthcare. It manufactures microelectronics, micro-mechanical assemblies, high-precision injection-molded plastic components and complete body-worn devices for leading and emerging medical device manufacturers.
Executives
Annalee Lutgen officer: Interim CFO C/O INTRICON CORPORATION 1260 RED FOX ROAD ARDEN HILLS MN 55112
Michael Geraci officer: Vice President, Sales 1260 RED FOX ROAD ARDEN HILLS MN 55112
Dennis Gonsior officer: Vice Pres., Global Operations 1260 RED FOX ROAD ARDEN HILLS MN 55112
Kathleen P. Pepski director 3100 EAST HENNEPIN AVENUE, MINNEAPOLIS MN 55413
Ellen Scipta officer: CFO C/O INTRICON CORPORATION, 1260 RED FOX ROAD, ARDEN HILLS MN 55112
Heather D. Rider director C/O INOGEN, INC., 326 BOLLAY DRIVE, GOLETA CA 93117
Raymond Huggenberger director 326 BOLLAY DRIVE, GOLETA CA 93117
Greg Gruenhagen officer: VP, Corp. Qlty. & Reg. Affairs C/O INTRICON CORPORATION 1260 RED FOX ROAD ARDEN HILLS MN 55112
Philip Irving Smith director 4503 BROWNDALE AVENUE, EDINA MN 55424
Scott Longval officer: Chief Financial Officer 1260 RED FOX ROAD ARDEN HILLS MN 55112
Mark Stephen Gorder director, officer: President & CEO 1260 RED FOX RD ARDEN HILLS MN 55112
Steven Binnix officer: Vice President-RTI Electronics 1260 RED FOX ROAD ARDEN HILLS MN 55112
Michael J Mckenna director 8650 S OCEAN DRIVE APT 701 JENSEN BEACH FL 34957
Robert N Masucci director 1406 GRASSHOPPER LANE GWYNEDD VALLEY PA 19437
Philip N Seamon director 1260 RED FOX ROAD ARDEN HILLS MN 55112