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Starry Group Holdings (Starry Group Holdings) Gross Property, Plant and Equipment : $250.18 Mil (As of Sep. 2022)


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What is Starry Group Holdings Gross Property, Plant and Equipment?

Starry Group Holdings's quarterly gross PPE increased from Mar. 2022 ($206.22 Mil) to Jun. 2022 ($229.06 Mil) and increased from Jun. 2022 ($229.06 Mil) to Sep. 2022 ($250.18 Mil).

Starry Group Holdings's annual gross PPE increased from Dec. 2019 ($81.10 Mil) to Dec. 2020 ($118.07 Mil) and increased from Dec. 2020 ($118.07 Mil) to Dec. 2021 ($189.27 Mil).


Starry Group Holdings Gross Property, Plant and Equipment Historical Data

The historical data trend for Starry Group Holdings'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.

Starry Group Holdings Gross Property, Plant and Equipment Chart

Starry Group Holdings Annual Data
Trend Dec19 Dec20 Dec21
Gross Property, Plant and Equipment
81.10 118.07 189.27

Starry Group Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.70 189.27 206.22 229.06 250.18

Starry Group Holdings 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.


Starry Group Holdings  (OTCPK:STRYQ) 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.


Starry Group Holdings Gross Property, Plant and Equipment Related Terms

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Starry Group Holdings (Starry Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
38 Chauncy Street, Suite 200, Boston, MA, USA, 02111
Starry Group Holdings Inc is connecting people and communities to high-speed, broadband internet using innovative, wideband hybrid-fiber fixed wireless technology. It is deploying gigabit-capable broadband to the home without bundles, data caps, or long-term contracts. The company is building a platform for the future by putting customers first, protecting privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority.
Executives
Tiger Global Management Llc 10 percent owner 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Michael Pasciak officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Coleman Charles P Iii 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Management Ix, Ltd. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Performance Ix, L.p. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Private Investment Partners Ix, L.p. 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Scott L Shleifer 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Firstmark Horizon Sponsor Llc director, 10 percent owner 100 5TH AVE, 3RD FLOOR, NEW YORK NY 10011
Amish A Jani director, 10 percent owner
Richard R Heitzmann director, 10 percent owner 500 NYALA FARM ROAD, WESTPORT CT 06880
James Chiddix director C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 33408
Joseph T Lipowski officer: See Remarks C/O LOJACK CORPORATION, 200 LOWDERBROOK DRIVE, SUITE 1000, WESTWOOD MA 02090
William J Lundregan officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Jeremy R Mackechnie officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Alexis Cedric Moulle-berteaux officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111