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The historical data trend for Mid-America Apartment Communities'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.
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Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
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Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial |
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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.
Mid-America Apartment Communities (NYSE:MAA) 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 Mid-America Apartment Communities's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary Shorb | director | 6584 POPLAR AVE, MEMPHIS TN 38138 |
Timothy Argo | officer: EVP, Chief Strategy & Analysis | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Melanie Carpenter | officer: EVP & CHRO | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Bolton H Eric Jr | director, officer: President and Chief Executive | |
Robert J. Delpriore | officer: EVP, General Counsel | 6584 POPLAR AVENUE, MEMPHIS TN 38138 |
William Reid Sanders | director | C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Tamara D Fischer | director | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
John Case | director | 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025 |
Deborah H Caplan | director | 700 UNIVERSE BLVD, JUNO BEACH FL 33408 |
Adrian Hill | officer: EVP, Chief Investment Officer | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Campbell Albert M Iii | officer: EVP-Director of Finance | 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138 |
Monica Houle Mcgurk | director | C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017 |
Grimes Thomas L Jr | officer: EVP-Director of Property Mgm | 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138 |
David P Stockert | director | 4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057 |
Green Edith Kelly | director | 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118 |
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