DIODES INC /DEL/ PP&E Disclosure
Note 5 – Property, Plant and Equipment
Property, plant and equipment at December 31 were:
|
2021 |
|
|
2020 |
|
||
Buildings and leasehold improvements |
$ |
276,958 |
|
|
$ |
267,700 |
|
Machinery and equipment |
|
962,597 |
|
|
|
942,405 |
|
|
|
1,239,555 |
|
|
|
1,210,105 |
|
Less: Accumulated depreciation and amortization |
|
(836,364 |
) |
|
|
(791,348 |
) |
|
|
403,191 |
|
|
|
418,757 |
|
Construction in-progress |
|
111,987 |
|
|
|
45,060 |
|
Land |
|
66,901 |
|
|
|
66,998 |
|
|
$ |
582,079 |
|
|
$ |
530,815 |
|
Depreciation and amortization of property, plant and equipment was $106.2 million, $91.7 million and $91.5 million for the years ended December 31, 2021, 2020 and 2019, respectively. During the fourth quarter of 2019 the Company recorded a $24.3 million gain realized upon selling land. The land was acquired in a previous period in anticipation of building a new corporate headquarters building.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2021 | Feb 18, 2022 | Showing above |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 12, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Mar 11, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.