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Fastly (Fastly) Property, Plant and Equipment : $256.3 Mil (As of Dec. 2023)


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What is Fastly Property, Plant and Equipment?

Fastly's quarterly net PPE declined from Jun. 2023 ($268.4 Mil) to Sep. 2023 ($256.4 Mil) and declined from Sep. 2023 ($256.4 Mil) to Dec. 2023 ($256.3 Mil).

Fastly's annual net PPE increased from Dec. 2021 ($236.6 Mil) to Dec. 2022 ($285.8 Mil) but then declined from Dec. 2022 ($285.8 Mil) to Dec. 2023 ($256.3 Mil).


Fastly Property, Plant and Equipment Historical Data

The historical data trend for Fastly'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.

Fastly Property, Plant and Equipment Chart

Fastly Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial 60.04 156.00 236.59 285.83 256.33

Fastly Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 285.83 276.51 268.44 256.36 256.33

Fastly 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.


Fastly  (NYSE:FSLY) 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.


Fastly Property, Plant and Equipment Related Terms

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Fastly (Fastly) Business Description

Industry
Traded in Other Exchanges
Address
475 Brannan Street, Suite 300, San Francisco, CA, USA, 94107
Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2022.
Executives
Ronald W Kisling officer: Chief Financial Officer 2400 BRIDGE PARKWAY, REDWOOD SHORES CA 940651166
Artur Bergman director, 10 percent owner, officer: Chief Executive Officer C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Brett Shirk officer: Chief Revenue Officer 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Christopher B Paisley director 14870 THREE OAKS COURT, SARATOGA CA 95070
Todd Nightingale director, officer: CEO C/O FASTLY, INC., 475 BRANNAN SUITE 300, SAN FRANCISCO CA 94107
David Hornik director, 10 percent owner 2480 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Joshua Bixby officer: President C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Richard Devon Daniels director 3005 TASMAN DRIVE, SANTA CLARA CA 95054
Paul Luongo officer: General Counsel C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Vanessa C. Smith director C/O FASTLY, 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Adriel G Lares officer: Chief Financial Officer C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Charles J Meyers director 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Paula Loop director C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Abdiel Qualified Master Fund Lp 10 percent owner 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Lp 10 percent owner C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016

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