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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).
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.
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 | 15,912.00 | 15,634.00 | 14,592.00 | 13,135.00 | 11,845.00 |
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.
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.
Thank you for viewing the detailed overview of WeWork's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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