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Fair Isaac (Fair Isaac) Gross Property, Plant and Equipment : $117 Mil (As of Dec. 2023)


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What is Fair Isaac Gross Property, Plant and Equipment?

Fair Isaac's quarterly gross PPE declined from Jun. 2023 ($128 Mil) to Sep. 2023 ($125 Mil) and declined from Sep. 2023 ($125 Mil) to Dec. 2023 ($117 Mil).

Fair Isaac's annual gross PPE stayed the same from Sep. 2021 ($172 Mil) to Sep. 2022 ($149 Mil) but then declined from Sep. 2022 ($149 Mil) to Sep. 2023 ($125 Mil).


Fair Isaac Gross Property, Plant and Equipment Historical Data

The historical data trend for Fair Isaac'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.

Fair Isaac Gross Property, Plant and Equipment Chart

Fair Isaac Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172.08 218.78 172.24 149.10 124.67

Fair Isaac Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 145.29 143.10 128.34 124.67 116.62

Fair Isaac 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.


Fair Isaac  (NYSE:FICO) 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.


Fair Isaac Gross Property, Plant and Equipment Related Terms

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Fair Isaac (Fair Isaac) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fair Isaac Corp (NYSE:FICO) » Definitions » Gross Property, Plant and Equipment
Traded in Other Exchanges
Address
5 West Mendenhall, Suite 105, Bozeman, MT, USA, 59715
Founded in 1956, Fair Isaac Corporation is a leading applied analytics company. Fair Isaac is primarily known for its FICO credit scores, which is a widely used industry benchmark to determine the creditworthiness of an individual consumer. The firm's credit scores business accounts for most of the firm's profits and consists of business-to-business and business-to-consumer offerings. In addition to scores, Fair Isaac also sells software primarily to financial institutions for areas such as analytics, decision-making, customer workflows, and fraud.
Executives
Steven P. Weber officer: Interim Chief Financial Ofc. 5 WEST MENDENHALL, SUITE 105, BOZEMAN MT 59715
Eva Manolis director C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
David A Rey director 181 METRO DRIVE, SAN JOSE CA 95110
Michael S Leonard officer: CAO and Vice President 181 METRO DRIVE, SAN JOSE CA 95110
Joanna Rees director LEAPFROG ENTERPRISES, INC., 6401 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
Braden R Kelly director 181 METRO DRIVE, SAN JOSE CA 95110
Marc F Mcmorris director 181 METRO DRIVE, SAN JOSE CA 95110
James M Wehmann officer: Executive Vice President 181 METRO DRIVE, SAN JOSE CA 95110
Henry Tayloe Stansbury director C/O COUPA SOFTWARE INC., 1855 S. GRANT STREET, SAN MATEO CA 94402
Nikhil Behl officer: Executive Vice President 601 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98004
Stephanie Covert officer: Executive Vice President 181 METRO DR., SAN JOSE CA 95110
James Kirsner director 5858 HORTON STREET, SUITE 350, EMERYVILLE CA 94608
Thomas A. Bowers officer: Executive Vice President 181 METRO DR., #600, SAN JOSE CA 95110
Richard Deal officer: Vice President 181 METRO DRIVE, SAN JOSE CA 95110
Mark R Scadina officer: V.P., General Counsel & Sec. 181 METRO DRIVE, SAN JOSE CA 95110