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UWM Holdings (UWM Holdings) Property, Plant and Equipment : $243 Mil (As of Mar. 2024)


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What is UWM Holdings Property, Plant and Equipment?

UWM Holdings's quarterly net PPE declined from Sep. 2023 ($247 Mil) to Dec. 2023 ($246 Mil) and declined from Dec. 2023 ($246 Mil) to Mar. 2024 ($243 Mil).

UWM Holdings's annual net PPE increased from Dec. 2021 ($257 Mil) to Dec. 2022 ($257 Mil) but then declined from Dec. 2022 ($257 Mil) to Dec. 2023 ($246 Mil).


UWM Holdings Property, Plant and Equipment Historical Data

The historical data trend for UWM Holdings'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.

* Premium members only.

UWM Holdings Property, Plant and Equipment Chart

UWM Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
- 200.67 256.52 256.66 245.54

UWM Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 255.35 251.20 246.94 245.54 243.07

UWM Holdings Property, Plant and Equipment Calculation

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:


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.


UWM Holdings  (NYSE:UWMC) 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.


UWM Holdings Property, Plant and Equipment Related Terms

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UWM Holdings (UWM Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
585 South Boulevard East, Pontiac, MI, USA, 48341
UWM Holdings Corp engages in the origination, sale and servicing of residential mortgage loans. The company provides independent mortgage advisors across the states and the district of Columbia.
Executives
Robert Verdun director C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Stacey Coopes director C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Kelly Czubak director C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Alex Elezaj director, officer: EVP, Chief Strategy Officer C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Laura Lawson director, officer: EVP, Chief People Officer C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Andrew Hubacker officer: CAO C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Tim Forrester officer: EVP and CFO C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Melinda Wilner director, officer: EVP, COO C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Ishbia Mat director, 10 percent owner, officer: President and CEO C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Sfs Holding Corp director, 10 percent owner 585 SOUTH BLVD E, PONTIAC MI 48341
Justin Ishbia director C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Jeff Ishbia director, 10 percent owner C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Isiah Iii Thomas director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jeffrey Gene Rea director C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Gores Sponsor Iv Llc director, 10 percent owner 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212