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Cactus's quarterly net PPE declined from Jun. 2023 ($367 Mil) to Sep. 2023 ($365 Mil) but then increased from Sep. 2023 ($365 Mil) to Dec. 2023 ($369 Mil).
Cactus's annual net PPE increased from Dec. 2021 ($152 Mil) to Dec. 2022 ($153 Mil) and increased from Dec. 2022 ($153 Mil) to Dec. 2023 ($369 Mil).
The historical data trend for Cactus'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.
Cactus Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 188.31 | 164.82 | 151.66 | 153.18 | 369.00 |
Cactus Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 153.18 | 373.33 | 366.95 | 365.19 | 369.00 |
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.
Cactus (NYSE:WHD) 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 Cactus's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Bender | director, officer: President, CEO | ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046 |
Joel Bender | director, officer: COO, Senior VP and Sec | ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046 |
Steven Bender | officer: VP of Operations | ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046 |
William D Marsh | officer: GC, VP of Admin. and Secretary | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
John A Odonnell | director | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
Bruce M Rothstein | director | 800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573 |
Stephen Tadlock | officer: VP of Corporate Services | COBALT CENTER 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024 |
Donna L Anderson | officer: Chief Accounting Officer | 10811 S. WESTVIEW CIRCLE DRIVE, BUILDING C, SUITE 100, HOUSTON TX 77043 |
Michael Y Mcgovern | director | 700 LOUISIANA, STE 4300, HOUSTON TX 77002 |
Alan Semple | director | ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046 |
Gary L Rosenthal | director | 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002 |
David John Isaac | officer: GC and VP of Administration | 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024 |
Tymothi O. Tombar | director | 2713 CRAWFORD ST., HOUSTON TX 77004 |
Cadent Energy Partners Ii Lp | director | 800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573 |
Melissa Law | director | 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024 |
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