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American Well (American Well) Gross Property, Plant and Equipment : $10.2 Mil (As of Mar. 2024)


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What is American Well Gross Property, Plant and Equipment?

American Well's quarterly gross PPE increased from Sep. 2023 ($11.8 Mil) to Dec. 2023 ($23.8 Mil) but then declined from Dec. 2023 ($23.8 Mil) to Mar. 2024 ($10.2 Mil).

American Well's annual gross PPE stayed the same from Dec. 2021 ($30.4 Mil) to Dec. 2022 ($26.7 Mil) but then declined from Dec. 2022 ($26.7 Mil) to Dec. 2023 ($23.8 Mil).


American Well Gross Property, Plant and Equipment Historical Data

The historical data trend for American Well's Gross 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.

American Well Gross Property, Plant and Equipment Chart

American Well Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial 24.20 22.19 30.40 26.69 23.82

American Well Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross 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 13.33 12.36 11.82 23.82 10.18

American Well Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed 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.


American Well  (NYSE:AMWL) Gross 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.


American Well Gross Property, Plant and Equipment Related Terms

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American Well (American Well) Business Description

Traded in Other Exchanges
N/A
Address
75 State Street, 26th Floor, Boston, MA, USA, 02109
American Well Corp is a telehealth company enabling digital delivery of care for its customers. Its platform, Amwell, digital care delivery solution that equips health systems, health plans, government, and innovator clients with the tools to enable new models of care for their patients and members enabling care delivery across the full healthcare continuum - from primary and urgent care in the home to high acuity specialty consults, such as telestroke and telepsychiatry, in the hospital. It provides both on-demand and scheduled consultations. Its Health Plan Programs include Virtual Primary Care, Musculoskeletal Care, Dermatology Care, and Chronic Care among others.
Executives
Vukasin Paunovich officer: EVP, Enterprise Platforms C/O AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Kurt Knight officer: Chief Operating Officer AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Robert Shepardson officer: Chief Financial Officer C/O AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Paul Francis Mcneice officer: Vice President of Accounting 20 JOHANNA DRIVE, READING MA 01867
Deborah C Jackson director C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Peter L. Slavin director AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Phyllis Gotlib officer: President, International AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Ido Schoenberg director, 10 percent owner, officer: Chairman, co-CEO AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Roy Schoenberg director, 10 percent owner, officer: President, co-CEO AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Kathy Johnson Weiler officer: See Remarks C/O AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON, MA 02109
Bradford Gay officer: Senior VP, General Counsel AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Serkan Kutan officer: Chief Technology Officer AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Amber Howe officer: Chief People Officer AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Stephen J. Schlegel director AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109
Robert Thomas Webb director C/O AMERICAN WELL CORPORATION, 75 STATE STREET, 26TH FLOOR, BOSTON MA 02109