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Overseas Shipholding Group's quarterly net PPE declined from Jun. 2023 ($889.6 Mil) to Sep. 2023 ($866.5 Mil) but then increased from Sep. 2023 ($866.5 Mil) to Dec. 2023 ($871.7 Mil).
Overseas Shipholding Group's annual net PPE increased from Dec. 2021 ($913.8 Mil) to Dec. 2022 ($933.0 Mil) but then declined from Dec. 2022 ($933.0 Mil) to Dec. 2023 ($871.7 Mil).
The historical data trend for Overseas Shipholding Group'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.
Overseas Shipholding Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 1,023.68 | 1,047.99 | 913.80 | 932.98 | 871.74 |
Overseas Shipholding Group 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 | 932.98 | 912.23 | 889.59 | 866.53 | 871.74 |
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.
Overseas Shipholding Group (NYSE:OSG) 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 Overseas Shipholding Group's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Samuel H Norton | director, officer: President and CEO | 58 NE 44TH STREET, MIAMI FL 33133 |
Elaine Goodman Luria | director | 7421 GLENEAGLES RD, NORFOLK VA 23505 |
Douglas D Wheat | director, other: Chairman of the Board | C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Cyrus Capital Partners, L.p. | director, 10 percent owner, other: SEE REMARKS | 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022 |
Gary Eugene Taylor | director | 814 NORTH BEACH BLVD., BAY ST. LOUIS MS 39520 |
Julie Silcock | director | |
Anja Manuel | director | C/O OVERSEAS SHIPHOLDING GROUP, INC., 302 KNIGHTS RUN AVENUE, TAMPA FL 33602 |
Joseph Isaac Kronsberg | director | 233 PACIFIC STREET, APT 4G, BROOKLYN NY 11201 |
Saltchuk Resources, Inc. | 10 percent owner | 450 ALASKAN WAY SOUTH, SUITE 708, SEATTLE WA 98104 |
Rebecca K Delaet | director | 34 BEACH AVENUE, LARCHMONT NY 10538 |
Ty Wallach | director | C/O PAULSON & CO INC., 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Paulson & Co. Inc. | 10 percent owner | 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036 |
J Patrick Reddy | director | |
Susan Allan | officer: VP, General Counsel & Corp Sec | 302 KNIGHTS RUN AVENUE, SUITE 1200, TAMPA FL 33602 |
Richard Trueblood | officer: CFO | 10812 BULLRUSH TERRACE, LAKEWOOD RANCH FL 34202 |
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