Regeneron Pharmaceuticals Inc. (NASDAQ:REGN)

The data exhibits a consistent upward trend in the values of property, plant, and equipment over the examined period, indicating ongoing investments and expansions.

Building and Improvements

This category shows steady growth, increasing from 1,891,100 thousand US dollars in 2020 to 2,573,200 thousand US dollars in 2024. The yearly increments range from approximately 8% to 10%, reflecting sustained capital expenditure in core infrastructure.

Leasehold Improvements

Values remain relatively moderate compared to other categories but demonstrate continuous growth, rising from 100,500 thousand US dollars in 2020 to 154,500 thousand US dollars in 2024. The increase is particularly notable between 2022 and 2024, suggesting intensified investment in leased facilities.

Laboratory Equipment

The laboratory equipment category experiences consistent increases, growing from 1,038,600 thousand US dollars in 2020 to 1,494,500 thousand US dollars in 2024. The growth slows slightly in 2023 but accelerates again the following year, indicating ongoing technological upgrading or expansion of laboratory capacity.

Computer Equipment and Software

This line item shows the most significant relative increase, more than doubling from 226,300 thousand US dollars in 2020 to 450,800 thousand US dollars in 2024. The sharp rise suggests heightened focus on digital infrastructure and software investments.

Furniture, Office Equipment, and Other

Values increase steadily from 130,500 thousand US dollars in 2020 to 203,800 thousand US dollars in 2024. The upward trend implies ongoing investment in ancillary assets supporting administrative and operational functions.

Land

Land holdings grow at a slower pace compared to other asset categories, increasing from 241,200 thousand US dollars in 2020 to 288,200 thousand US dollars in 2024. This suggests some acquisition of land but at a conservative rate relative to other property assets.

Construction in Progress

This category exhibits the most pronounced growth, from 724,500 thousand US dollars in 2020 to 1,721,600 thousand US dollars in 2024, more than doubling over the period. This indicates considerable ongoing capital projects likely to be completed and capitalized as fixed assets in future periods.

Property, Plant, and Equipment, Gross

The gross value of property, plant, and equipment rises steadily from 4,352,700 thousand US dollars in 2020 to 6,886,600 thousand US dollars in 2024, reflecting the accumulation of the aforementioned asset categories and new investments.

Accumulated Depreciation and Amortization

The accumulated depreciation and amortization amount grows substantially from -1,131,100 thousand US dollars in 2020 to -2,286,900 thousand US dollars in 2024, indicating a consistent allocation of expense reflecting asset usage and aging over time.

Property, Plant, and Equipment, Net

The net book value increases steadily from 3,221,600 thousand US dollars in 2020 to 4,599,700 thousand US dollars in 2024. The growth in net assets, despite significant depreciation charges, underscores continued capital investment exceeding asset write-downs and disposals.

Overall, the data reflects ongoing capital expansion and upgrading of fixed assets, particularly in construction in progress and technology-related categories. The consistent growth in accumulated depreciation aligns with asset aging, but net asset values are rising, demonstrating that capital expenditures are outpacing depreciation, signaling a strategy focused on growth and capacity enhancement.

Average age ratio

The average age ratio of the property, plant, and equipment shows a consistent upward trend over the five-year period. It increased from 27.51% in 2020 to 34.66% in 2024. This indicates that the assets are aging progressively, with a higher proportion of their useful life having elapsed each year.

Estimated total useful life

The estimated total useful life of the assets fluctuated slightly across the analyzed years. Beginning at 18 years in 2020, it decreased to 16 years in 2021, then gradually rose again to reach 19 years by 2024. This suggests periodic reassessments of asset longevity, possibly reflecting changes in asset composition or updated maintenance strategies.

Estimated age, time elapsed since purchase

The estimated age of the assets remained stable at five years from 2020 through 2022, before increasing to six years in 2023 and maintaining that level in 2024. This stability suggests consistent acquisition timing in the initial years, with a natural progression in asset age thereafter.

Estimated remaining life

Estimated remaining life decreased from 13 years in 2020 to 12 years in 2021 and remained constant at 12 years through 2024. This constancy implies that while assets are aging, the company’s assessments project a steady remaining period before the end of their useful life, despite changes in total useful life estimates.

Accumulated Depreciation and Amortization

The accumulated depreciation and amortization show a consistent upward trend from 1,131,100 thousand US dollars at the end of 2020 to 2,286,900 thousand US dollars by the end of 2024. This indicates a steady increase in the total depreciation attributed to the property, plant, and equipment over the five-year period, reflecting ongoing usage and aging of these assets.

Property, Plant, and Equipment, Gross

The gross value of property, plant, and equipment has increased steadily each year, rising from 4,352,700 thousand US dollars in 2020 to 6,886,600 thousand US dollars in 2024. This growth suggests continued investment in physical assets, indicating expansion or modernization efforts within the company’s operational infrastructure.

Land

The value of land assets has also increased over the analyzed period, though at a more moderate rate compared to the total gross property, plant, and equipment. It rose from 241,200 thousand US dollars in 2020 to 288,200 thousand US dollars in 2024. This trend points to occasional acquisitions or revaluations of land holdings.

Average Age Ratio

The average age ratio, representing the relative age of the property, plant, and equipment assets, has progressively increased from 27.51% in 2020 to 34.66% in 2024. This upward trend reflects an aging asset base, implying that assets are being held longer or that new additions are not replacing older assets quickly enough to reduce the overall average age.

The analysis of the property, plant, and equipment (PP&E) data over the five-year period reveals several important trends and developments.

Property, Plant, and Equipment, Gross

The gross value of PP&E has shown a consistent upward trend, increasing steadily each year from 4,352,700 thousand US dollars in 2020 to 6,886,600 thousand US dollars in 2024. This indicates ongoing investments in physical assets, reflecting expansion or modernization efforts within the company’s infrastructure.

Land

Land value also demonstrates a positive trend but grows at a more moderate pace compared to the total gross PP&E. The value increased from 241,200 thousand US dollars in 2020 to 288,200 thousand US dollars in 2024. The steady but relatively small increments suggest limited acquisition of additional land or revaluations rather than significant territorial expansion.

Depreciation and Amortization Expense on Property, Plant, and Equipment

Depreciation and amortization expenses have increased consistently, from 230,800 thousand US dollars in 2020 to 354,100 thousand US dollars in 2024. This indicates an accumulation of depreciation linked to rising asset bases, as well as the aging of assets affecting periodic expense recognition. The growth in expense corresponds with increases in gross PP&E, reflecting the natural amortization of new investments.

Estimated Total Useful Life

The estimated useful life of the property, plant, and equipment shows minor fluctuations, starting at 18 years in 2020, dipping to 16 years in 2021, then gradually increasing to 19 years by 2024. This suggests periodic reassessments of asset longevity, possibly due to changes in asset composition, technology enhancements, or updated management estimates.

Overall, the data depicts a robust growth in property, plant, and equipment, underpinned by steady investment and resulting in increased depreciation expenses. Adjustments to the estimated useful life demonstrate active management of asset valuation assumptions. The comparatively moderate increase in land value points to a strategy focused more on development of existing assets than on acquisition of new land.

The financial data reveals a consistent upward trend in both the accumulated depreciation and amortization as well as the depreciation and amortization expense on property, plant, and equipment over the observed periods.

Accumulated Depreciation and Amortization

This value increased steadily from 1,131,100 thousand US dollars at the end of 2020 to 2,286,900 thousand US dollars by the end of 2024. The progression indicates substantial ongoing capital investments or additions to property, plant, and equipment, as well as continuous recognition of depreciation over time.

Depreciation and Amortization Expense

The annual expense also demonstrates consistent growth, rising from 230,800 thousand US dollars in 2020 to 354,100 thousand US dollars in 2024. The increasing expense suggests that newer assets are being depreciated, or that the company's fixed assets are becoming more significant in value, necessitating higher depreciation charges.

Time Elapsed Since Purchase

This metric remains relatively stable, increasing slightly from 5 to 6 years between 2020 and 2024. This moderate increase indicates that assets are being held for a consistent duration, which may reflect asset utilization strategies or replacement cycles.

Overall, the data points to a pattern of sustained investment in property, plant, and equipment, accompanied by a rising depreciation expense that is proportional to asset growth and aging. The gradual increase in the time elapsed since purchase suggests controlled asset turnover or lifecycle management. These trends collectively reflect a company maintaining and expanding its asset base with predictable depreciation impacts on financial results.

The analysis of the property, plant, and equipment (PP&E) financial data over the five-year period reveals several notable trends and insights regarding the company's asset base and related expenses.

Net Property, Plant, and Equipment

The net value of property, plant, and equipment demonstrated a consistent upward trajectory from 3,221,600 thousand US dollars at the end of 2020 to 4,599,700 thousand US dollars by the end of 2024. This steady increase indicates ongoing investments in tangible fixed assets or capital expenditures, reflecting potential expansion or upgrades of operational facilities. The growth accelerated particularly in the last two years, evidencing a possible enhancement in asset acquisition or capital projects.

Land

The value of land held by the company also increased over the same period, though at a slower pace compared to total PP&E. Beginning at 241,200 thousand US dollars in 2020 and reaching 288,200 thousand US dollars in 2024, the land asset experienced modest growth. This may suggest acquisitions of additional land parcels or reassessment of land value, complementing other property, plant, and equipment assets.

Depreciation and Amortization Expense on PP&E

The depreciation and amortization expense showed a marked increase over the years, moving from 230,800 thousand US dollars in 2020 to 354,100 thousand US dollars in 2024. The escalation aligns with the increase in the asset base, as higher fixed asset values typically lead to higher depreciation charges. This rising expense could impact operating profitability if not offset by corresponding revenue growth.

Estimated Remaining Life of PP&E

The estimated remaining useful life of property, plant, and equipment remained relatively stable, with a slight reduction from 13 years in 2020 to 12 years for the subsequent years through 2024. This slight decrease may reflect the aging of existing assets or changes in asset composition, but the consistency indicates a relatively stable asset lifecycle expectation.

Overall, the data suggest a company actively investing in its property, plant, and equipment, reflected in the increasing net asset values and accompanying depreciation expenses. The stability in estimated asset life implies predictable asset management and depreciation planning. These trends highlight a focus on maintaining and expanding operational capacity, which could support future growth initiatives.