Emergent BioSolutions Inc. PP&E Disclosure
| Land | Not depreciated | ||||
| Buildings | 31-39 years | ||||
| Building improvements | 10-39 years | ||||
| Furniture and equipment | 3-15 years | ||||
| Software | 3-7 years | ||||
| Leasehold improvements | Lesser of the asset life or lease term | ||||
December 31, | |||||||||||
2025 (1) | 2024 (1) | ||||||||||
| Land and improvements | $ | 20.7 | $ | 25.8 | |||||||
| Buildings, building improvements and leasehold improvements | 160.5 | 196.1 | |||||||||
| Furniture and equipment | 259.8 | 368.3 | |||||||||
| Software | 61.9 | 67.2 | |||||||||
| Construction-in-progress | 6.6 | 10.3 | |||||||||
| Property, plant and equipment, gross | $ | 509.5 | $ | 667.7 | |||||||
| Less: Accumulated depreciation and amortization | (304.1) | (397.1) | |||||||||
| Total property, plant and equipment, net | $ | 205.4 | $ | 270.6 | |||||||
(1) During the years ended December 31, 2025 and 2024, the Company recorded non-cash impairment charges of $12.2 million and $27.2 million, respectively, related to certain Bioservices long-lived assets. See Note 3, "Assets and liabilities held-for-sale" and Note 5, “Impairment and restructuring charges”, respectively, for more details regarding the impairment charges. | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 25, 2020 | |
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.