The Goldmanchs Group (The Goldmanchs Group) Gross Property, Plant and Equipment

: $27,055 Mil (As of Dec. 2023)

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The Goldmanchs Group's quarterly gross PPE declined from Jun. 2023 ($31,267 Mil) to Sep. 2023 ($29,123 Mil) and declined from Sep. 2023 ($29,123 Mil) to Dec. 2023 ($27,055 Mil).

The Goldmanchs Group's annual gross PPE increased from Dec. 2021 ($30,566 Mil) to Dec. 2022 ($31,436 Mil) but then declined from Dec. 2022 ($31,436 Mil) to Dec. 2023 ($27,055 Mil).

The Goldmanchs Group Gross Property, Plant and Equipment Historical Data

The historical data trend for The Goldmanchs Group'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.

The Goldmanchs Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Property, Plant and Equipment

34,196.00

35,547.00

30,566.00

31,436.00

27,055.00

The Goldmanchs Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Property, Plant and Equipment																31,489.00	31,267.00	29,123.00	27,055.00	-

The Goldmanchs Group 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.

The Goldmanchs Group (NYSE:GS) 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.

The Goldmanchs Group Gross Property, Plant and Equipment Related Terms

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The Goldmanchs Group (The Goldmanchs Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Goldman Sachs Group Inc (NYSE:GS) » Definitions » Gross Property, Plant and Equipment

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Address

200 West Street, New York, NY, USA, 10282

Website

https://www.goldmansachs.com

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

Executives

Brian J Lee	officer: Principal Accounting Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Ericka T Leslie	officer: Chief Administrative Officer	200 WEST STREET, NEW YORK NY 10282
David M Solomon	officer: President and Co-COO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Thomas K. Montag	director	C/O MERRILL LYNCH & CO., INC., 4 WORLD FINANCIAL CENTER, NEW YORK NY 10038
Philip R. Berlinski	officer: Global Treasurer	200 WEST STREET, NEW YORK NY 10282
Kathryn H. Ruemmler	officer: EVP, Chief Legal Officer, GC	200 WEST STREET, NEW YORK NY 10282
John E. Waldron	officer: President and COO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Kevin R Johnson	director	2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
Laurence Stein	officer: Chief Administrative Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Mark A. Flaherty	director	C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Denis P. Coleman	officer: Chief Financial Officer	200 WEST STREET, NEW YORK NY 10282
Stephen M Scherr	officer: Executive Vice President - CFO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
David A Viniar	officer: Executive VP - CFO	C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282
Jessica R. Uhl	director	200 WEST STREET, NEW YORK NY 10282
Kimberley D. Harris	director	200 WEST STREET, NEW YORK NY 10282