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WeWork (WeWork) Property, Plant and Equipment : $11,845 Mil (As of Sep. 2023)


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What is WeWork Property, Plant and Equipment?

WeWork's quarterly net PPE declined from Mar. 2023 ($14,592 Mil) to Jun. 2023 ($13,135 Mil) and declined from Jun. 2023 ($13,135 Mil) to Sep. 2023 ($11,845 Mil).

WeWork's annual net PPE declined from Dec. 2020 ($21,967 Mil) to Dec. 2021 ($18,426 Mil) and declined from Dec. 2021 ($18,426 Mil) to Dec. 2022 ($15,634 Mil).


WeWork Property, Plant and Equipment Historical Data

The historical data trend for WeWork'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.

WeWork Property, Plant and Equipment Chart

WeWork Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
- 25,895.55 21,967.04 18,426.00 15,634.00

WeWork Quarterly Data
Dec18 Dec19 Jun20 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 15,912.00 15,634.00 14,592.00 13,135.00 11,845.00

WeWork 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.


WeWork  (OTCPK:WEWKQ) 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.


WeWork Property, Plant and Equipment Related Terms

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WeWork (WeWork) Business Description

Industry
Traded in Other Exchanges
N/A
Address
75 Rockefeller Plaza, 10th floor, New York, NY, USA, 10019
WeWork Inc is a commercial real estate company that provides flexible workspaces for technology startups and services for other enterprises. It designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. The company's revenue categories are; Membership revenue consists of fees from members, net of discounts for the access to office space provided, and Service revenue consists of additional billings to members for the ancillary services provided through their memberships in excess of monthly allowances included in membership revenue, commissions earned by the Company on various services.
Executives
Kurt Wehner officer: Principal Accounting Officer 1 DISCOVERY PLACE, SILVER SPRING MD 20910
Benchmark Capital Management Co. Vii, L.l.c. 10 percent owner 2965 WOODSIDE ROAD, WOODSIDE CA 94062
Bruce Dunlevie director 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Elizabeth A. Lapuma director 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Henry S Miller director AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
Paul Aronzon director 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Pamela Swidler officer: See Remarks 177 9TH AVENUE, APT. 3C, NEW YORK NY 10011
David Tolley director C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Vikas Jayendra Parekh director C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Sandeep Mathrani director, officer: Chief Executive Officer
Andre J Fernandez officer: Chief Financial Officer 333 WEST STATE STREET, MILWAUKEE WI 53203
Alex Clavel director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Daniel B Hurwitz director 3300 ENTERPRISES PARKWAY, BEACHWOOD OH 44122