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Cooper-Standard Holdings (Cooper-Standard Holdings) Property, Plant and Equipment : $683 Mil (As of Mar. 2024)


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What is Cooper-Standard Holdings Property, Plant and Equipment?

Cooper-Standard Holdings's quarterly net PPE increased from Sep. 2023 ($694 Mil) to Dec. 2023 ($700 Mil) but then declined from Dec. 2023 ($700 Mil) to Mar. 2024 ($683 Mil).

Cooper-Standard Holdings's annual net PPE declined from Dec. 2021 ($895 Mil) to Dec. 2022 ($737 Mil) and declined from Dec. 2022 ($737 Mil) to Dec. 2023 ($700 Mil).


Cooper-Standard Holdings Property, Plant and Equipment Historical Data

The historical data trend for Cooper-Standard Holdings'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.

Cooper-Standard Holdings Property, Plant and Equipment Chart

Cooper-Standard Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,071.65 1,002.10 895.40 737.43 699.56

Cooper-Standard Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 730.46 711.41 693.56 699.56 682.88

Cooper-Standard Holdings 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.


Cooper-Standard Holdings  (NYSE:CPS) 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.


Cooper-Standard Holdings Property, Plant and Equipment Related Terms

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Cooper-Standard Holdings (Cooper-Standard Holdings) Business Description

Traded in Other Exchanges
Address
40300 Traditions Drive, Northville, MI, USA, 48168
Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.
Executives
Maryann Peterson Kanary officer: See remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Amy B. Kulikowski officer: VP, Chief Accounting Officer 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Patrick Clark officer: See Remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Somasundhar Venkatasubramanian officer: See remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Jeffrey S Edwards officer: President and CEO 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Larry Ott officer: VP Global HR 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Van Oss Stephen A director
Christopher Couch officer: See Remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Rebecca Mccabe officer: VP, Chief Accounting Officer 40300 TRADITIONS DRIVE, 40300, NORTHVILLE MI 48168
Christine M Moore director 411 WEST LAFAYETTE, DETROIT MI 48226
Justin E Mirro director 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
John G. Boss director 260 HUDSON RIVER ROAD, WATERFORD NY 12188
Jeffrey A. Debest officer: See Remarks 39550 ORCHARD HILL PLACE, NOVI MI 48375
Susan P. Kampe officer: See Remarks 39550 ORCHARD HILL PLACE, NOVI MI 48375
Peter C. Brusate officer: Corp. Controller and CAO 39550 ORCHARD HILL PLACE, NOVI MI 48375