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Helix Energy Solutions Group's quarterly gross PPE increased from Sep. 2023 ($3,232 Mil) to Dec. 2023 ($3,248 Mil) and increased from Dec. 2023 ($3,248 Mil) to Mar. 2024 ($3,426 Mil).
Helix Energy Solutions Group's annual gross PPE increased from Dec. 2021 ($3,042 Mil) to Dec. 2022 ($3,214 Mil) and increased from Dec. 2022 ($3,214 Mil) to Dec. 2023 ($3,248 Mil).
The historical data trend for Helix Energy Solutions Group'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.
Helix Energy Solutions Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 3,123.39 | 3,098.56 | 3,042.34 | 3,214.16 | 3,247.80 |
Helix Energy Solutions Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 3,227.63 | 3,237.05 | 3,231.56 | 3,247.80 | 3,425.76 |
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:
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.
Helix Energy Solutions Group (NYSE:HLX) 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.
Thank you for viewing the detailed overview of Helix Energy Solutions Group's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Diana Glassman | director | 3505 W SAM HOUSTON PKWY N, SUITE 400, HOUSTON TX 77043 |
Scott Andrew Sparks | officer: EVP - Operations | 3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043 |
John Lovoi | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Paula Harris | director | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Brent Alexander Arriaga | officer: CAO and Corporate Controller | 12330 BROKEN BOUGH DR, HOUSTON TX 77024 |
Thomas Mitchell Little | director | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
Owen E Kratz | director, officer: CHAIRMAN & CEO | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Erik Staffeldt | officer: VP - Finance and Accounting | 3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043 |
Nancy K Quinn | director | P O BOX 650205, DALLAS TX 75265 |
Amy H Nelson | director | 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Kenneth English Neikirk | officer: SVP, Gen Counsel & Secretary | 3505 W. SAM HOUSTON PARKWAY N., SUITE 400, HOUSTON TX 77043 |
William L Transier | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Alisa B Johnson | officer: SVP, GEN COUNSEL & CORP SEC | 3505 SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Amerino Gatti | director | 13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478 |
Geoffrey C. Wagner | officer: EVP and CCO | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
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