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Oscar Health (Oscar Health) Property, Plant and Equipment : $61 Mil (As of Mar. 2024)


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What is Oscar Health Property, Plant and Equipment?

Oscar Health's quarterly net PPE declined from Sep. 2023 ($62 Mil) to Dec. 2023 ($62 Mil) and declined from Dec. 2023 ($62 Mil) to Mar. 2024 ($61 Mil).

Oscar Health's annual net PPE increased from Dec. 2021 ($47 Mil) to Dec. 2022 ($60 Mil) and increased from Dec. 2022 ($60 Mil) to Dec. 2023 ($62 Mil).


Oscar Health Property, Plant and Equipment Historical Data

The historical data trend for Oscar Health'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.

* Premium members only.

Oscar Health Property, Plant and Equipment Chart

Oscar Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
33.08 35.81 46.61 59.89 61.93

Oscar Health Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 64.08 63.05 62.02 61.93 61.41

Oscar Health Property, Plant and Equipment Calculation

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:


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.


Oscar Health  (NYSE:OSCR) 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.


Oscar Health Property, Plant and Equipment Related Terms

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Oscar Health (Oscar Health) Business Description

Traded in Other Exchanges
N/A
Address
75 Varick Street, 5th Floor, New York, NY, USA, 10013
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Executives
Alessandrea C. Quane officer: EVP, Chief Insurance Officer 175 WATER STREET, NEW YORK NY 10038
Richard Scott Blackley officer: Chief Financial Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ranmali Bopitiya officer: EVP & Chief Legal Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Victoria Baltrus officer: Chief Accounting Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Mario Schlosser director, officer: Chief Executive Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Sid Sankaran director, officer: Chief Financial Officer 180 MAIDEN LANE, NEW YORK NY 10038
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Mark T Bertolini director, officer: Chief Executive Officer AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Gassen director 75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013
Laura W Lang director DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Dennis Weaver officer: Chief Clinical Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Meghan V. Joyce officer: Chief Operating Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Thrive Partners Vii Growth Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012
Joshua Kushner director, 10 percent owner, officer: See Remarks C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Thrive Partners Vii Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012