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Warby Parker's quarterly net PPE increased from Jun. 2023 ($266.0 Mil) to Sep. 2023 ($271.5 Mil) and increased from Sep. 2023 ($271.5 Mil) to Dec. 2023 ($274.6 Mil).
Warby Parker's annual net PPE increased from Dec. 2021 ($112.2 Mil) to Dec. 2022 ($265.6 Mil) and increased from Dec. 2022 ($265.6 Mil) to Dec. 2023 ($274.6 Mil).
The historical data trend for Warby Parker'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.
Warby Parker Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Property, Plant and Equipment | 83.89 | 84.53 | 112.20 | 265.64 | 274.64 |
Warby Parker Quarterly Data | ||||||||||||||||
Dec19 | 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 | 265.64 | 263.75 | 265.96 | 271.47 | 274.64 |
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.
Warby Parker (NYSE:WRBY) 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 Warby Parker's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven Clive Miller | officer: Chief Financial Officer | C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013 |
David Abraham Gilboa | director, officer: Co-Chief Executive Officer | C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013 |
Neil Harris Blumenthal | director, officer: Co-Chief Executive Officer | C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013 |
Durable Capital Partners Lp | 10 percent owner | 4747 BETHESDA AVENUE, SUITE #1002, BETHESDA MD 20814 |
Teresa Briggs | director | 2225 LAWSON LANE, SANTA CLARA CA 95054 |
Ronald A Williams | director | |
Jeffrey Jacob Raider | director | C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013 |
Andrew Hunt | director | C/O ELEPHANT PARTNERS, 11 NEWBURY STREET, 5TH FLOOR, BOSTON MA 02116 |
D1 Capital Partners L.p. | 10 percent owner | 9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019 |
Joel E Cutler | director, 10 percent owner | C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD, SUITE 450, CAMBRIDGE MA 02138 |
Youngme E Moon | director | 75 NETWORK DRIVE, BURLINGTON MA 01803 |
Daniel S. Sundheim | 10 percent owner | C/O D1 CAPITAL PARTNERS L.P., 9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019 |
General Catalyst Group V Lp | 10 percent owner | c/o General Catalyst Group Management LL, 20 University Road Ste 450, Cambridge MA 02138 |
Gabrielle Sulzberger | director | 450 LEXINGTON AVENUE, FLOOR 13, NEW YORK NY 10017 |
General Catalyst Group Management Holdings, L.p. | 10 percent owner | 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138 |
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