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Urban One (Urban One) Property, Plant and Equipment : $59.4 Mil (As of Sep. 2023)


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What is Urban One Property, Plant and Equipment?

Urban One's quarterly net PPE declined from Mar. 2023 ($56.2 Mil) to Jun. 2023 ($55.0 Mil) but then increased from Jun. 2023 ($55.0 Mil) to Sep. 2023 ($59.4 Mil).

Urban One's annual net PPE increased from Dec. 2020 ($60.1 Mil) to Dec. 2021 ($64.2 Mil) but then declined from Dec. 2021 ($64.2 Mil) to Dec. 2022 ($59.6 Mil).


Urban One Property, Plant and Equipment Historical Data

The historical data trend for Urban One'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.

Urban One Property, Plant and Equipment Chart

Urban One Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.09 69.32 60.11 64.25 59.64

Urban One Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 61.79 59.64 56.25 54.97 59.40

Urban One 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.


Urban One  (NAS:UONEK) 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.


Urban One Property, Plant and Equipment Related Terms

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Urban One (Urban One) Business Description

Traded in Other Exchanges
Address
1010 Wayne Avenue, 14th Floor, Silver Spring, MD, USA, 20910
Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.
Executives
David M Kantor officer: CEO, Radio Division 1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910
Kristopher Simpson officer: SVP & General Counsel 1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910
Mitchell B Doyle Jr director
Tcs Capital Advisors, Llc 10 percent owner 142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
Eric Semler 10 percent owner 4625 FIELDSTON ROAD, BRONX NY 10471
Tcs Capital Management Llc 10 percent owner 142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
D Geoffrey Armstrong director 5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Terry L Jones director C/O CYBER DIGITAL INC, 400 OSER AVENUE, HAUPPAUGE NY 11788
Catherine L Hughes director, 10 percent owner, officer: Chairperson and Secretary 5900 PRINCESS GARDEN PARKWAY 8TH FL, LANHAM MD 20706
Brigade Capital Management, Lp 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Leveraged Capital Structures Fund Ltd. 10 percent owner ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Morgan Donald E Iii 10 percent owner C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022
Brigade Capital Management Gp, Llc 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Karen Wishart officer: EVP 1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910
Christopher J. Wegmann officer: President, Radio Division 1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910

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