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Flex's quarterly net PPE declined from Jun. 2023 ($2,987 Mil) to Sep. 2023 ($2,937 Mil) but then increased from Sep. 2023 ($2,937 Mil) to Dec. 2023 ($2,940 Mil).
Flex's annual net PPE increased from Mar. 2021 ($2,739 Mil) to Mar. 2022 ($2,762 Mil) and increased from Mar. 2022 ($2,762 Mil) to Mar. 2023 ($2,957 Mil).
The historical data trend for Flex's 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.
Flex Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 2,336.21 | 2,821.00 | 2,739.00 | 2,762.00 | 2,957.00 |
Flex Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 2,885.00 | 2,957.00 | 2,987.00 | 2,937.00 | 2,940.00 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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.
Flex (NAS:FLEX) 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 Flex's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Erin Mcsweeney | director | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
David Scott Offer | officer: EVP, General Counsel | 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Paul Lundstrom | officer: Chief Financial Officer | 222 N. SEPULVEDA BLVD., SUITE 500, EL SEGUNDO CA 90245 |
Revathi Advaithi | director, officer: Chief Executive Officer | EATON HOUSE, 30 PEMBROKE ROAD, DUBLIN 4 L2 - |
Kwang Hooi Tan | officer: Group President | 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002 |
Michael P Hartung | officer: President, Agility Solutions | 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Daniel Wendler | officer: Chief Accounting Officer | 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002 |
Rebecca Sidelinger | officer: Group President | 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002 |
Stevens Charles K. Iii | director | 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000 |
Maryrose Sylvester | director | C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208 |
Pat Ward | director | 500 JACKSON STREET, COLUMBUS IN 47201 |
Francois Barbier | officer: President, Global Operations | ONE MARINA BOULEVARD, #28-00, SINGAPORE U0 018989 |
David P Bennett | officer: Chief Accounting Officer | 3616 NICOLE AVE, PLEASANTON CA 94588 |
Todd Fruchterman | officer: Pres, Reliability Solutions | C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437 |
John D Harris | director | C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
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