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The First Marblehead's quarterly net PPE increased from Sep. 2015 ($4.89 Mil) to Dec. 2015 ($4.93 Mil) but then declined from Dec. 2015 ($4.93 Mil) to Mar. 2016 ($4.72 Mil).
The First Marblehead's annual net PPE declined from Jun. 2013 ($6.18 Mil) to Jun. 2014 ($5.82 Mil) and declined from Jun. 2014 ($5.82 Mil) to Jun. 2015 ($5.26 Mil).
The historical data trend for The First Marblehead'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.
The First Marblehead Annual Data | |||||||||||||||||||||
Trend | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | Jun15 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 5.21 | 4.57 | 6.18 | 5.82 | 5.26 |
The First Marblehead Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 5.41 | 5.26 | 4.89 | 4.93 | 4.72 |
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.
The First Marblehead (NYSE:FMD) 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 The First Marblehead's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
William Dean Hansen | director | |
John Carter Risley | 10 percent owner | 757 BEDFORD HIGHWAY, BEDFORD A5 B4A3Z7 |
Peter S Drotch | director | |
Second Curve Capital Llc | 10 percent owner | 150 N RADNOR CHESTER ROAD, SUITE F120, RADNOR PA 19087 |
Thomas K Brown | 10 percent owner | C/O SECOND CURVE CAPITAL, LLC, 237 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017 |
Cameron Dort A Iii | director | |
George G Daly | director | C/O STERN SCHOOL OF BUSINESS NYU, 44 WEST 4TH ST SUITE 8-69, NEW YORK NY 10012 |
William R Berkley | director | 165 MASON STREET, GREENWICH CT 06830 |
Michael Joseph Plunkett | officer: Managing Director | C/O ALPHATEC HOLDINGS, INC., 5818 EL CAMINO REAL, CARLSBAD CA 92008 |
Ryan Randall Brenneman | officer: Managing Director | C/O EYEGATE PHARMACEUTICALS, INC., 271 WAVERLEY OAKS ROAD, SUITE 108, WALTHAM MA 02452 |
Henry Cornell | director | 1099 18TH STREET, SUITE 2300, DENVER CO 80202 |
Jack L Kopnisky | director, officer: CEO, President and COO | C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
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