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Global Business Travel Group (Global Business Travel Group) Gross Property, Plant and Equipment : $284 Mil (As of Mar. 2024)


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What is Global Business Travel Group Gross Property, Plant and Equipment?

Global Business Travel Group's quarterly gross PPE increased from Sep. 2023 ($610 Mil) to Dec. 2023 ($640 Mil) but then declined from Dec. 2023 ($640 Mil) to Mar. 2024 ($284 Mil).

Global Business Travel Group's annual gross PPE increased from Dec. 2021 ($495 Mil) to Dec. 2022 ($553 Mil) and increased from Dec. 2022 ($553 Mil) to Dec. 2023 ($640 Mil).


Global Business Travel Group Gross Property, Plant and Equipment Historical Data

The historical data trend for Global Business Travel Group'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.

Global Business Travel Group Gross Property, Plant and Equipment Chart

Global Business Travel Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
- 425.00 495.00 553.00 640.00

Global Business Travel Group Quarterly Data
Dec19 Dec20 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 585.00 588.00 610.00 640.00 284.00

Global Business Travel Group 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.


Global Business Travel Group  (NYSE:GBTG) 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.


Global Business Travel Group Gross Property, Plant and Equipment Related Terms

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Global Business Travel Group (Global Business Travel Group) Business Description

Traded in Other Exchanges
N/A
Address
666 3rd Avenue, 4th Floor, New York, NY, USA, 10017
Global Business Travel Group Inc operates as a business-to-business travel platform. It is engaged in providing software and services to manage travel, expenses, and meetings and events for companies of all sizes. The company is engaged in building the marketplace in B2B travel to deliver unrivaled choice, value, and experiences. It also provides business travel solutions, simplified travel management, and business consulting services. Further, It provides a service solution, automated booking, diverse options, system integration, and specialized traveler care. The company also offers Expert Auditor Expert Care and Business Travel App.
Executives
Karen A Williams officer: Chief Financial Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, 4TH FLOOR, NEW YORK NY 10017
Paul G Abbott director, officer: Chief Executive Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Eric J. Bock officer: See remarks 300 GALLERIA PARKWAY, NW, ATLANTA GA 30339
Martine Gerow officer: Chief Financial Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
James Peter Bush director 200 VESEY STREET, NEW YORK NY 10285
Vliet Christopher Van officer: Vice President, Controller C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Asof Investment Management Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Ares Management Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Michael Qualantone officer: Chief Revenue Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Expedia Group, Inc. director, 10 percent owner 1111 EXPEDIA GROUP WAY W., SEATTLE WA 98119
Evan Konwiser officer: See remarks C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Boriana Tchobanova officer: Chief Transformation Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Mark Hollyhead officer: President, Egencia C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Patricia Anne Huska officer: Chief People Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017
Andrew George Crawley officer: Chief Commercial Officer C/O GLOBAL BUSINESS TRAVEL GROUP, INC., 666 THIRD AVENUE, NEW YORK NY 10017