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StoneMor (StoneMor) Gross Property, Plant and Equipment : $488.9 Mil (As of Jun. 2022)


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What is StoneMor Gross Property, Plant and Equipment?

StoneMor's quarterly gross PPE increased from Dec. 2021 ($476.9 Mil) to Mar. 2022 ($489.3 Mil) but then declined from Mar. 2022 ($489.3 Mil) to Jun. 2022 ($488.9 Mil).

StoneMor's annual gross PPE stayed the same from Dec. 2019 ($481.0 Mil) to Dec. 2020 ($476.1 Mil) but then increased from Dec. 2020 ($476.1 Mil) to Dec. 2021 ($476.9 Mil).


StoneMor Gross Property, Plant and Equipment Historical Data

The historical data trend for StoneMor'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.

StoneMor Gross Property, Plant and Equipment Chart

StoneMor 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 530.44 534.00 481.04 476.08 476.93

StoneMor Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 473.18 473.92 476.93 489.31 488.92

StoneMor 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.


StoneMor  (NYSE:STON) 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.


StoneMor Gross Property, Plant and Equipment Related Terms

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StoneMor (StoneMor) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3331 Street Road, Suite 200, Bensalem, PA, USA, 19020
StoneMor Inc owns and operates cemeteries and funeral homes in the United States. The company sells cemetery products and services both at the time of death, which it refers to as at-need and prior to the time of death, which it refers to as pre-need. Its two divisions are cemetery operations and funeral homes, the former accounting for the majority of revenues.
Executives
Trost Keith Edward Jr officer: See Remarks 149 FIRST AVENUE, NEWTOWN SQUARE PA 19073
Sahal S Laher officer: See Remarks 16 HANCOCK ROAD, WINDHAM NH 03087
Stonemor Inc. officer: See Remarks 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Spencer E Goldenberg director C/O TERRA INCOME FUND 6, INC., 550 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10036
Andrew Axelrod director, 10 percent owner C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Robert Page officer: See Remarks 7217 LARAMIE RIVER DRIVE, FORT COLLINS CO 80525
Lindsay Granson officer: See Remarks 300 MYSTIC VIEW CIRCLE, DOYLESTOWN PA 18901
David Miller director 53 FOREST AVENUE, OLD GREENWICH CT 06870
Stephen J. Negrotti director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Kevin Patrick director 151 MARPLE ROAD, HAVERFORD PA 19041
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Patricia D Wellenbach director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Partners Mangrove 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Joseph M Redling director, officer: President and CEO C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Hellman Robert B Jr director C/O AMERICAN INFRASTRUCTURE MLP FUND, 950 TOWER LANE, SUITE 800, FOSTER CITY CA 94404

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