FARMER BROTHERS CO PP&E Disclosure
| Buildings and facilities | 10 to 30 years | ||||
| Machinery and equipment | 3 to 15 years | ||||
| Office furniture and equipment | 5 to 7 years | ||||
| Capitalized software | 3 to 5 years | ||||
| Equipment under finance leases | Shorter of term of lease or estimated useful life | ||||
| As of June 30, | ||||||||||||||
| (In thousands) | 2025 | 2024 | ||||||||||||
| Buildings and facilities | $ | 20,288 | $ | 20,441 | ||||||||||
| Machinery and equipment | 85,495 | 108,757 | ||||||||||||
| Capitalized software | 9,983 | 9,190 | ||||||||||||
| Office furniture and equipment | 6,660 | 8,486 | ||||||||||||
| 122,426 | 146,874 | |||||||||||||
| Accumulated depreciation | (95,499) | (113,790) | ||||||||||||
| Land | 918 | 918 | ||||||||||||
| Property, plant and equipment, net | $ | 27,845 | $ | 34,002 | ||||||||||
| As of June 30, | ||||||||||||||
| (In thousands) | 2025 | 2024 | ||||||||||||
| Coffee Brewing Equipment | $ | 52,757 | $ | 66,596 | ||||||||||
| Accumulated depreciation | (31,124) | (39,941) | ||||||||||||
| Coffee Brewing Equipment, net | $ | 21,633 | $ | 26,655 | ||||||||||
| For the Years Ended June 30, | ||||||||||||||
| (In thousands) | 2025 | 2024 | ||||||||||||
| Depreciation expense | $ | 7,184 | $ | 7,344 | ||||||||||
| Other CBE expenses | 28,059 | 36,859 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 11, 2025 | Showing above |
| 2024 | Sep 12, 2024 | |
| 2023 | Sep 12, 2023 | |
| 2022 | Sep 2, 2022 | |
| 2021 | Sep 10, 2021 | |
| 2020 | Sep 11, 2020 | |
| 2019 | Sep 11, 2019 | |
| 2018 | Sep 13, 2018 | |
| 2017 | Sep 28, 2017 | |
| 2016 | Sep 14, 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.