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Party City Holdco (Party City Holdco) Property, Plant and Equipment : $965 Mil (As of Sep. 2022)


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What is Party City Holdco Property, Plant and Equipment?

Party City Holdco's quarterly net PPE increased from Mar. 2022 ($954 Mil) to Jun. 2022 ($957 Mil) and increased from Jun. 2022 ($957 Mil) to Sep. 2022 ($965 Mil).

Party City Holdco's annual net PPE declined from Dec. 2019 ($1,046 Mil) to Dec. 2020 ($909 Mil) but then increased from Dec. 2020 ($909 Mil) to Dec. 2021 ($916 Mil).


Party City Holdco Property, Plant and Equipment Historical Data

The historical data trend for Party City Holdco'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.

* Premium members only.

Party City Holdco Property, Plant and Equipment Chart

Party City Holdco Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 301.14 321.04 1,046.21 909.50 915.75

Party City Holdco Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Property, Plant and Equipment Get a 7-Day Free Trial 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 914.63 915.75 953.72 957.05 964.75

Party City Holdco Property, Plant and Equipment Calculation

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:


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.


Party City Holdco  (OTCPK:PRTYQ) 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.


Party City Holdco Property, Plant and Equipment Related Terms

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Party City Holdco (Party City Holdco) Business Description

Traded in Other Exchanges
N/A
Address
80 Grasslands Road, Elmsford, NY, USA, 10523
Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the us, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.
Executives
Clifford Sosin 10 percent owner 8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
John Capela officer: See Remarks 779 HIGHLAND AVENUE, PARAMUS NJ 07652
Peter Royer Smith officer: Chief Operations Officer 3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
De Mesa Graziano Cheryl officer: Chief Accounting Officer 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Steven J Collins director 29 VINTON STREET, #5, BOSTON MA 02127
William S. Creekmuir director SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
John Frascotti director C/O HASBRO, INC. 1011 NEWPORT AVENUE, PAWTUCKET RI 02862
Shroff Michelle Millstone director C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
James M Harrison director GOLDMAN, SACHS & CO., 85 BROAD ST, NEW YORK NY 10004
Reginald Rasch officer: See Remarks 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Sean Thompson officer: See Remarks 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Sarah Dodds-brown director 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Jennifer Fleiss director 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Joel Alsfine director 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Norman S Matthews director 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022

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