Description

 

As of

December 31,  2025

 

 

As of

December 31, 2024

 

Land

 

$29,353

 

 

$26,084

 

Buildings, net

 

 

10,095,339

 

 

 

9,190,949

 

Slots and machines, net

 

 

12,246,801

 

 

 

11,065,973

 

Equipment, net

 

 

3,375,011

 

 

 

3,348,069

 

Computers, net

 

 

1,298,991

 

 

 

1,719,679

 

Televisions, net

 

 

243,969

 

 

 

302,348

 

Investment in third party property, plant and equipment

 

 

1,674,402

 

 

 

1,778,105

 

Total property, plant and equipment, net

 

$28,963,866

 

 

$27,431,207

 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 24, 2025
2023Jan 17, 2024
2022Jan 30, 2023

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.