September 30, 

September 30, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Land

$

3,569,840

$

3,258,838

Buildings and leasehold improvements

 

12,376,476

 

11,534,943

Operating equipment and vehicles

 

98,037,108

 

75,768,103

Office equipment, furniture and fixtures

 

1,054,451

 

1,235,965

Assets not yet in service

 

411,097

 

87,772

 

115,448,972

 

91,885,621

Less accumulated depreciation

 

61,981,005

 

53,749,907

Property, plant and equipment, net

$

53,467,967

$

38,135,714

Historical Timeline

Fiscal YearFiled
2025Dec 15, 2025Showing above
2024Dec 19, 2024
2023Jan 16, 2024
2022Dec 22, 2022
2021Dec 29, 2021
2020Jan 5, 2021
2019Dec 20, 2019
2018Dec 28, 2018
2017Dec 15, 2017
2016Dec 15, 2016
2015Dec 17, 2015

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.