FirstCash Holdings (FirstCash Holdings) Gross Property, Plant and Equipment

: $1,397 Mil (As of Dec. 2023)

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FirstCash Holdings's quarterly gross PPE increased from Jun. 2023 ($893 Mil) to Sep. 2023 ($917 Mil) and increased from Sep. 2023 ($917 Mil) to Dec. 2023 ($1,397 Mil).

FirstCash Holdings's annual gross PPE increased from Dec. 2021 ($1,087 Mil) to Dec. 2022 ($1,215 Mil) and increased from Dec. 2022 ($1,215 Mil) to Dec. 2023 ($1,397 Mil).

FirstCash Holdings Gross Property, Plant and Equipment Historical Data

The historical data trend for FirstCash 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.

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Property, Plant and Equipment

893.05

957.91

1,087.43

1,215.26

1,397.46

FirstCash Holdings 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																1,215.26	872.31	893.45	916.77	1,397.46

FirstCash 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.

FirstCash Holdings (NAS:FCFS) 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.

FirstCash Holdings Gross Property, Plant and Equipment Related Terms

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FirstCash Holdings (FirstCash Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (NAS:FCFS) » Definitions » Gross Property, Plant and Equipment

Comparable Companies

Traded in Other Exchanges

FF60:Germany

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

Executives

R Douglas Orr	officer: EVP & Chief Financial Officer	1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel	director, 10 percent owner	8425 MYSTIC LAKES, MAIZE KS 67101
Randel G Owen	director	C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
Howard F Hambleton	officer: AFF President	1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos	officer: SVP Latin American Operations	1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves	director	ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis	director	1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc.	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett	director	1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner	director	180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan	director	CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart	officer: President and COO	1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado	officer: General Counsel	1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce	director	801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102