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Andeavor's quarterly gross PPE increased from Dec. 2017 ($18,823 Mil) to Mar. 2018 ($19,314 Mil) and increased from Mar. 2018 ($19,314 Mil) to Jun. 2018 ($19,834 Mil).
Andeavor's annual gross PPE increased from Dec. 2015 ($12,562 Mil) to Dec. 2016 ($13,472 Mil) and increased from Dec. 2016 ($13,472 Mil) to Dec. 2017 ($18,823 Mil).
The historical data trend for Andeavor'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.
Andeavor Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 9,123.00 | 11,633.00 | 12,562.00 | 13,472.00 | 18,823.00 |
Andeavor Quarterly Data | ||||||||||||||||||||
Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 17,911.00 | 18,304.00 | 18,823.00 | 19,314.00 | 19,834.00 |
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:
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.
Andeavor (NYSE:ANDV) 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.
Thank you for viewing the detailed overview of Andeavor's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Susan Tomasky | director | AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215 |
William H Schumann | director | 200 E RANDOLPH DRIVE, CHICAGO IL 60601 |
Patrick Y Yang | director | C/O GENENTECH INC, 1 DNA WAY,MS 49,ATTN:K.STRAND OR J.BERRY, SOUTH SAN FRANCISCO CA 94080-4990 |
Cynthia J Warner | officer: EVP, Operations | 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
Gregory James Goff | director, officer: President and CEO | 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259 |
Steven Sterin | officer: EVP and CFO | 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259 |
Rucker Kim K.w. | officer: EVP, General Counsel and Sec | KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Edward G Galante | director | C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD, IRVING TX 75039-2298 |
Mary Pat Mccarthy | director | 2704 WEST 112TH STREET, LEAWOOD KS 66211 |
Rodney F Chase | director | C/O COMPUTER SCIENCES CORP, 2100 E. GRAND AVE, EL SEGUNDO CA 90245 |
David Lilley | director | |
Jim W Nokes | director | 600 N DAIRY ASHFORD, HOUSTON TX 77079 |
Michael E Wiley | director | 10930 KEMWOOD DRIVE HOUSTON TX 77024 |
Robert W Goldman | director | 1001 LOUISIANA ST, HOUSTON TX 77002 |
Daryl R Schofield | officer: SVP, Commercial | 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259 |
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