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ADT's quarterly net PPE declined from Dec. 2023 ($3,289 Mil) to Mar. 2024 ($3,273 Mil) but then increased from Mar. 2024 ($3,273 Mil) to Jun. 2024 ($3,282 Mil).
ADT's annual net PPE declined from Dec. 2021 ($3,232 Mil) to Dec. 2022 ($3,225 Mil) but then increased from Dec. 2022 ($3,225 Mil) to Dec. 2023 ($3,289 Mil).
The historical data trend for ADT'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.
ADT Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 3,068.03 | 2,988.94 | 3,231.64 | 3,224.73 | 3,289.11 |
ADT Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 3,443.43 | 3,266.87 | 3,289.11 | 3,272.69 | 3,281.75 |
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.
ADT (NYSE:ADT) 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 ADT's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
David A. Scott | officer: EVP, Chief People & Admin. Off | 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112 |
Marques Coleman | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Nicole Bonsignore | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Wayne Thorsen | officer: EVP, Chief Business Officer | 3892 RONDA ROAD, PEBBLE BEACH CA 93953 |
Delu Jackson | officer: EVP, Chief Marketing Officer | 650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311 |
Jamie Elizabeth Haenggi | officer: SVP, Chief Sales & Mktg. Off. | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Kenneth Porpora | officer: SVP, Chief Growth Officer | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
James David Devries | officer: President | ALLSTATE INSURANCE COMPANY, 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Donald M. Young | officer: SVP & Chief Info Off. | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
David W Smail | officer: EVP, CLO and Secretary | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Daniel Bresingham | officer: EVP, Chief Admin. Off. & Treas | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
State Farm Mutual Automobile Insurance Co | 10 percent owner | ONE STATE FARM PLAZA, BLOOMINGTON IL 61710 |
Paul Joseph Smith | director | ONE STATE FARM PLAZA E-12, BLOOMINGTON IL 61710-0001 |
Lewis William M Jr | director | 9 WEST 57TH STREET, NEW YORK NY 10019 |
Benjamin Honig | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
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