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Progress Acquisition (Progress Acquisition) Gross Property, Plant and Equipment : $0.00 Mil (As of Sep. 2022)


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What is Progress Acquisition Gross Property, Plant and Equipment?

Progress Acquisition Gross Property, Plant and Equipment Historical Data

The historical data trend for Progress Acquisition'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.

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Progress Acquisition Gross Property, Plant and Equipment Chart

Progress Acquisition Annual Data
Trend Dec20 Dec21
Gross Property, Plant and Equipment
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Progress Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Gross Property, Plant and Equipment Get a 7-Day Free Trial - - - - -

Progress Acquisition 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.

Progress Acquisition  (NAS:PGRWU) 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.

Progress Acquisition Gross Property, Plant and Equipment Related Terms

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Progress Acquisition (Progress Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Progress Acquisition Corp (NAS:PGRWU) » Definitions » Gross Property, Plant and Equipment
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Traded in Other Exchanges
N/A
Address
50 Milk Street, 16th Floor, Boston, TX, USA, 02109
Website
https://www.progressacquisition.com
Progress Acquisition Corp is a blank check company.
Executives
Rcg Lv Pearl Llc 10 percent owner 599 LEXINGTON AVENUE, NEW YORK NY 10022
Cowen Inc. 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Cowen Holdings, Inc. 10 percent owner 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Cowen And Company, Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Isos Sponsor Iii Llc other: Member of sponsor 55 POST ROAD W, SUITE 200, WESTPORT CT 06880
Winston Meade officer: Chief Strategy Officer 55 POST ROAD W, SUITE 200, WESTPORT CT 06880
George A. Barrios officer: Co-President of Issuer C/O 1241 EAST MAIN STREET, STAMFORD CT 06902
Michelle D Wilson officer: Co-President of Issuer C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902
Luisa Ingargiola director 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Sanjay Puri director 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Richard Battista director C/O LODGENET INTERACTIVE CORPORATION, 3900 WEST INNOVATION STREET, SIOUX FALLS SD 57107-7002
David J Arslanian 10 percent owner, officer: President 76 SUMMER ST. 5TH FLOOR, BOSTON MA 02110
Progress Capital I, Llc 10 percent owner 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109