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GlassBridge Enterprises (GlassBridge Enterprises) Property, Plant and Equipment : $0.00 Mil (As of Sep. 2023)


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What is GlassBridge Enterprises Property, Plant and Equipment?

GlassBridge Enterprises's annual net PPE declined from Dec. 2020 ($1.50 Mil) to Dec. 2021 ($0.00 Mil) but then stayed the same from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil).


GlassBridge Enterprises Property, Plant and Equipment Historical Data

The historical data trend for GlassBridge Enterprises'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.

GlassBridge Enterprises Property, Plant and Equipment Chart

GlassBridge Enterprises Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
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GlassBridge Enterprises Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - - - - -

GlassBridge Enterprises 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.


GlassBridge Enterprises  (OTCPK:GLAE) 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.


GlassBridge Enterprises Property, Plant and Equipment Related Terms

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GlassBridge Enterprises (GlassBridge Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
18 East 50th Street, FL7, New York, NY, USA, 10022
GlassBridge Enterprises Inc is a holding company in the United States. It is involved in the asset management business that comprises investment advisory services to third-party investors through managed funds, as well as separately managed accounts. The firm operates in two segments: Asset Management Business, through AAM, and a sports investment platform, through SportBLX-both owned by Adara.
Executives
Tacora Capital Lp 10 percent owner 2505 PECOS STREET, AUSTIN TX 78703
Keri Findley director, 10 percent owner 214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480
Claire Councill director 214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480
Clinton Group Inc director, other: See remarks 510 MADISON AVE, 8TH FL, NEW YORK NY 10022
Robert Searing director 19 DUCHARME LANE, GREENLAWN NY 11740
George E. Hall director C/O CLINTON GROUP INC, 510 MADISON AVE., 8TH FLOOR, NEW YORK NY 10022
De Perio Joseph A director C/O OVERLAND STORAGE, INC., 9112 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Danny Zheng officer: Chief Financial Officer 1099 HELMO AVE. N., SUITE 250, OAKDALE MN 55128
Daniel Strauss officer: Chief Operating Officer C/O CLINTON GROUP, INC, 9 WEST 57TH STREET, NEW YORK NY 10019
Robert G Torricelli director 1099 HELMO AVE., N., SUITE 250, OAKDALE MN 55128
Tavis J. Morello officer: General Counsel 1099 HELMO AVE., N., SUITE 250, OAKDALE MN 55128
Clinton Special Opportunities Master Fund Ltd. director, other: See remarks C/O CLINTON GROUP INC., 510 MADISON AVE, 8TH FL, NEW YORK NY 10022
Alex Spiro director 25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Donald H Putnam director
Tracy B Mckibben director 100 RIVERSIDE BOULEVARD, #3S, NEW YORK NY 10069

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