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Bright Horizons Family Solutions (Bright Horizons Family Solutions) Gross Property, Plant and Equipment : $1,969 Mil (As of Dec. 2023)


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What is Bright Horizons Family Solutions Gross Property, Plant and Equipment?

Bright Horizons Family Solutions's quarterly gross PPE declined from Jun. 2023 ($1,388 Mil) to Sep. 2023 ($1,361 Mil) but then increased from Sep. 2023 ($1,361 Mil) to Dec. 2023 ($1,969 Mil).

Bright Horizons Family Solutions's annual gross PPE increased from Dec. 2021 ($1,827 Mil) to Dec. 2022 ($1,931 Mil) and increased from Dec. 2022 ($1,931 Mil) to Dec. 2023 ($1,969 Mil).


Bright Horizons Family Solutions Gross Property, Plant and Equipment Historical Data

The historical data trend for Bright Horizons Family Solutions'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.

Bright Horizons Family Solutions Gross Property, Plant and Equipment Chart

Bright Horizons Family Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,799.45 1,853.84 1,827.30 1,931.05 1,968.69

Bright Horizons Family Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,931.05 1,371.70 1,388.42 1,360.84 1,968.69

Bright Horizons Family Solutions 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.


Bright Horizons Family Solutions  (NYSE:BFAM) 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.


Bright Horizons Family Solutions Gross Property, Plant and Equipment Related Terms

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Bright Horizons Family Solutions (Bright Horizons Family Solutions) Business Description

Traded in Other Exchanges
Address
2 Wells Avenue, Newton, MA, USA, 02459
Bright Horizons Family Solutions Inc provides education and care solutions designed to help employers support their employees in managing their work/life balance. The company has three business segments: full-service center-based child care, backup care, and educational advisory services. The vast majority of the company's revenue is generated by full-service center-based child care, which includes traditional center-based child care and early education services. Other services provided by the company include in-home child and elder care, tuition assistance, and education consulting. The company earns more than half of its revenue in North America.
Executives
Mary Ann Tocio director, officer: President and COO C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Lightfoot Sara Lawrence director
Mary Lou Burke officer: COO North America Center Ops C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02048
Lawrence M Alleva director 1000 WINTER STREET, SUITE 3300, WALTHAM MA 02451
Stephen Howard Kramer officer: Chief Development Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Rosamund Marshall officer: Managing Director - Intl. 2 WELLS AVENUE, NEWTON MA 02459
Elizabeth J Boland officer: Chief Financial Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
John Guy Casagrande officer: General Counsel and Secretary C/O BRIGHT HORIZONS, 2 WELLS AVENUE, NEWTON MA 02459
Jason Janoff officer: Chief Accounting Officer 2 WELLS AVENUE, NEWTON MA 02459
Maribeth Nash Bearfield officer: Chief Human Resources Officer 2 WELLS AVENUE, NEWTON MA 02459
David H Lissy director, officer: Chief Executive Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Marguerite Sallee director C/O BRIGHT HORIZONS FAMILY SOLUTIONS INC, 200 TALCOTT AVENUE SOUTH, WATERTOWN MA 02472
Julie Atkinson director C/O BRIGHT HORIZONS, 2 WELLS AVENUE, NEWTON MA 02459
Stephen I Dreier officer: See Remarks C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 200 TALCOTT AVENUE SOUTH, WATERTOWN MA 02472
Linda A Mason director BRIGHT HORIZONS INC, ONE KENDALL SQ BLDG 200, CAMBRIDGE MA 02139