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Select Water Solutions's quarterly gross PPE increased from Jun. 2023 ($1,163 Mil) to Sep. 2023 ($1,192 Mil) but then declined from Sep. 2023 ($1,192 Mil) to Dec. 2023 ($1,184 Mil).
Select Water Solutions's annual gross PPE increased from Dec. 2021 ($991 Mil) to Dec. 2022 ($1,132 Mil) and increased from Dec. 2022 ($1,132 Mil) to Dec. 2023 ($1,184 Mil).
The historical data trend for Select Water 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.
Select Water Solutions Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 1,086.01 | 931.23 | 991.25 | 1,131.67 | 1,184.49 |
Select Water 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 | 1,131.67 | 1,157.46 | 1,162.55 | 1,191.60 | 1,184.49 |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Select Water Solutions (NYSE:WTTR) 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.
Thank you for viewing the detailed overview of Select Water Solutions's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Szymanski | officer: Chief Accounting Officer & VP | 1820 I-35 FRONTAGE ROAD, GAINESVILLE TX 76240 |
Michael Skarke | officer: Exec. VP, Water Solutions | 1820 NORTH I-35, P.O. BOX 1715, GAINESVILLE TX 76241 |
Troy W Thacker | director | C/O FOX PAINE & CO, 950 TOWER LANE, FOSTER CITY CA 94404 |
Christina M Ibrahim | officer: SVP, GC and CCO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Nick L Swyka | officer: CFO & Senior VP | 515 POST OAK BLVD., STE. 200, HOUSTON TX 77027 |
Robin H Fielder | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Christopher Kile George | officer: See Remarks | 5660 WICKERSHAM LN, HOUSTON TX 77056 |
Luis M Fernandez-moreno | director | ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808 |
Suzanne Colbert | officer: Chief Technology Officer | 1233 WEST LOOP SOUTH, SUITE 1400, HOUSTON TX 77027 |
Gayle Burleson | director | ONE CONCHO CENTER, 600 WEST ILLINOIS AVENUE, MIDLAND TX 79701 |
Scf-vii(a), L.p. | 10 percent owner, other: Member of Group | 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002 |
Scf Partners, Inc. | 10 percent owner, other: Member of Group | 600 TRAVIS STE 6600, HOUSTON TX 77002 |
Scf-vii(a), G.p., Limited Partnership | 10 percent owner, other: Member of Group | 600 TRAVIS, SUITE 6600, HOUSTON TX 77002 |
Holli C. Ladhani | director, officer: President and CEO | 2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056 |
Mitchell Shauf | officer: EVP, Water Services | 1820 N. INTERSTATE 35, GAINESVILLE TX 76241 |
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