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Apple Inc  (NAS:AAPL) Gross Property, Plant and Equipment: $90,403 Mil (As of Sep. 2018)

Apple Inc's quarterly gross PPE increased from Mar. 2018 ($80,502 Mil) to Jun. 2018 ($85,368 Mil) and increased from Jun. 2018 ($85,368 Mil) to Sep. 2018 ($90,403 Mil).

Apple Inc's annual gross PPE increased from Sep. 2016 ($61,245 Mil) to Sep. 2017 ($75,076 Mil) and increased from Sep. 2017 ($75,076 Mil) to Sep. 2018 ($90,403 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apple Inc Annual Data

Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Gross Property, Plant and Equipment Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39,015.00 49,257.00 61,245.00 75,076.00 90,403.00

Apple Inc Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Gross Property, Plant and Equipment 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 Premium Member Only Premium Member Only Premium Member Only 75,076.00 77,110.00 80,502.00 85,368.00 90,403.00

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.


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.


Related Terms


Headlines

From the Internet

Wednesday Wrap-Up: The Bear Bites Into Apple

- theStreet 2018-11-14 15:59:00

Apple Shares Tumble Into Bear Market Territory

- theStreet 2018-11-14 12:28:00

Stock Market News For Nov 14, 2018

- Zacks 2018-11-14 08:30:00

$NFLX $AAPL Apple Ignore Noise

- Seekingalpha 2018-11-13 20:43:26

$AAPL #APPLE $FIT Fitbit Races Bottom Step Aside

- Seekingalpha 2018-11-13 17:08:32

Apple Shares Down 5%, Now What?

- Zacks 2018-11-13 15:37:00

$LITE $AAPL Apple Repeat 2015minus 16

- Seekingalpha 2018-11-13 15:01:01

FAANG Stocks Rally in Big Tech Rebound

- theStreet 2018-11-13 11:55:00

$NFLX $XI $AAPL Apple Shine

- Seekingalpha 2018-11-13 11:08:31

Earnings Data Deluge

- Zacks 2018-11-13 09:37:00

$AAPL #APPLE Apple Stock Buy 16 Percent Decline

- Seekingalpha 2018-11-13 08:33:46

Stock Market News For Nov 13, 2018

- Zacks 2018-11-13 08:31:00

Gotta Stop the Drop: Cramer's 'Mad Money' Recap

- theStreet 2018-11-12 18:49:00

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