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Block (SQ) Gross Property, Plant and Equipment : $864 Mil (As of Dec. 2023)


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What is Block Gross Property, Plant and Equipment?

Block's quarterly gross PPE declined from Jun. 2023 ($611 Mil) to Sep. 2023 ($585 Mil) but then increased from Sep. 2023 ($585 Mil) to Dec. 2023 ($864 Mil).

Block's annual gross PPE increased from Dec. 2021 ($991 Mil) to Dec. 2022 ($1,070 Mil) but then declined from Dec. 2022 ($1,070 Mil) to Dec. 2023 ($864 Mil).


Block Gross Property, Plant and Equipment Historical Data

The historical data trend for Block'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.

Block Gross Property, Plant and Equipment Chart

Block Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 440.87 918.53 990.86 1,070.02 864.06

Block 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 1,070.02 676.37 610.68 585.28 864.06

Block 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.


Block  (NYSE:SQ) 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.


Block Gross Property, Plant and Equipment Related Terms

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Block (SQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (NYSE:SQ) » Definitions » Gross Property, Plant and Equipment
Address
1455 Market Street, Suite 600, San Francisco, CA, USA, 94103
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.
Executives
Brian Grassadonia officer: Cash App Lead 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Amrita Ahuja officer: Chief Financial Officer 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Chrysty Esperanza officer: Interim Counsel Lead 1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Ajmere Dale officer: Chief Accounting Officer 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Roelof Botha director C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Alyssa Henry officer: Seller Lead 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Lawrence Henry Summers director JOHN F. KENNEDY SCHOOL OF GOVERNMENT, MAILBOX 8, 79 JFK STREET, CAMBRIDGE MA 02138
Neha Narula director 1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Sivan Whiteley officer: Gen. Counsel & Corp. Secretary 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Sharon Rothstein director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Mckelvey James Morgan Jr. director, 10 percent owner 2645 SOUTH BAYSHORE #802, MIAMI FL 33133
Carter Shawn Corey director C/O S. CARTER ENTERPRISES, LLC, 1411 BROADWAY, NEW YORK NY 10018
Jack Dorsey director, 10 percent owner, officer: President, CEO & Chairman C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Mary G Meeker director 2750 SAND HILL ROAD, MENLO PARK CA 94025
David A Viniar director C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282