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Verso Gross Property, Plant and Equipment

: $501 Mil (As of Jun. 2021)
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Verso's quarterly gross PPE declined from Dec. 2020 ($1,023 Mil) to Mar. 2021 ($505 Mil) and declined from Mar. 2021 ($505 Mil) to Jun. 2021 ($501 Mil).

Verso's annual gross PPE increased from Dec. 2018 ($1,315 Mil) to Dec. 2019 ($1,431 Mil) but then declined from Dec. 2019 ($1,431 Mil) to Dec. 2020 ($1,023 Mil).


Verso Gross Property, Plant and Equipment Historical Data

The historical data trend for Verso'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.

Verso Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Property, Plant and Equipment
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,221.00 1,258.00 1,315.00 1,431.00 1,023.00

Verso Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 733.00 711.00 1,023.00 505.00 501.00

Verso 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.


Verso  (NYSE:VRS) 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.


Verso Gross Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Verso's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Verso Business Description

Verso logo
Industry
Basic Materials » Forest Products NAICS : 322121 SIC : 2621
Traded in Other Exchanges
Address
8540 Gander Creek Drive, Miamisburg, OH, USA, 45342
Verso Corp is a North American producer of printing papers, specialty papers, and pulp. The company produces a wide range of paper products, including coated freesheet, coated groundwood, coated digital, inkjet, supercalendered, and uncoated freesheet. These paper products are used primarily in media and marketing applications, such as catalogs, magazines, advertising brochures, and annual reports. The company also sells kraft pulp, which is used to manufacture tissue products and printing and writing grade paper; however, the group derives the majority of its revenue from its paper products.
Executives
Campbell Allen James officer: SVP and CFO 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Dyer Terrence M officer: SVP - HR & Comm 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Nebel Randy J. director KAPSTONE PAPER AND PACKAGING CORP. 1101 SKOKIE BLVD., SUITE 300 NORTHBROOK IL 60062
St. John Adam director, officer: CEO 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Haas Aaron D. officer: SVP - Sales & Mktg 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Kirt Jeffrey E director 1114 AVENUE OF THE AMERICAS 27TH FLOOR NEW YORK NY 10038
Archambeau Matthew officer: SVP - Mfg & Energy 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Taylor Nancy M director TREDEGAR CORP 1100 BOULDERS PARKWAY RICHMOND VA 23219
Beckler Robert K director VERSO CORPORATION 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Cooper Marvin D director VERSO CORPORATION 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Erwin Sean T director 8540 GANDER CREEK DRIVE DAYTON OH 45342
Lederer Leslie T other: Former Officer C/O SMURFIT STONE CONTAINER CORP 150 NORTH MICHIGAN AVE CHICAGO IL 60601
Weinhold Michael A. officer: President 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Sawyer Kenneth D officer: SVP - HR & Comm 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Disantis B. Christopher director, officer: President and CEO 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342

Verso Headlines

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