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Altra Industrial Motion (Altra Industrial Motion) Gross Property, Plant and Equipment : $661 Mil (As of Dec. 2022)


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What is Altra Industrial Motion Gross Property, Plant and Equipment?

Altra Industrial Motion's quarterly gross PPE declined from Jun. 2022 ($316 Mil) to Sep. 2022 ($304 Mil) but then increased from Sep. 2022 ($304 Mil) to Dec. 2022 ($661 Mil).

Altra Industrial Motion's annual gross PPE stayed the same from Dec. 2020 ($702 Mil) to Dec. 2021 ($651 Mil) but then increased from Dec. 2021 ($651 Mil) to Dec. 2022 ($661 Mil).


Altra Industrial Motion Gross Property, Plant and Equipment Historical Data

The historical data trend for Altra Industrial Motion'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.

Altra Industrial Motion Gross Property, Plant and Equipment Chart

Altra Industrial Motion Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 577.70 653.80 702.10 651.30 661.20

Altra Industrial Motion Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 651.30 323.40 316.20 304.10 661.20

Altra Industrial Motion 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.


Altra Industrial Motion  (NAS:AIMC) 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.


Altra Industrial Motion Gross Property, Plant and Equipment Related Terms

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Altra Industrial Motion (Altra Industrial Motion) Business Description

Traded in Other Exchanges
N/A
Address
300 Granite Street, Suite 201, Braintree, MA, USA, 02184
Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).
Executives
La Vonda Williams director 201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302
Haughey Nicole Parent director UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Margot Hoffman director 6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082
Thomas W Swidarski director 5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720
Todd Patriacca officer: EVP, CFO and Treasurer C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Glenn E. Deegan officer: Chief Legal and HR Officer C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
J Scott Hall director 1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328
Christian Storch officer: Chief Financial Officer C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Woodward James H Jr director 7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Craig Schuele officer: VP Mktg&Bus Dev (see Remarks) C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Carl R Christenson officer: President and COO C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Lyle G. Ganske director C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Larry Mcpherson director C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431
Lipscomb S Michael director SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103
Patrick K Murphy director C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203