Knife River Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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6. Property, Plant and Equipment
Note 6 –Property, Plant and Equipment
Property, plant and equipment at December 31 was as follows:
| 2024 | 2023 | Depreciable Lives | |
|---|---|---|---|
| (In thousands) | |||
| Land | $175,313 | $154,475 | — |
| Aggregate reserves | 624,280 | 589,034 | * |
| Buildings and improvements | 241,129 | 216,473 | 15-30 |
| Machinery, vehicles and equipment | 1,721,427 | 1,590,908 | 3-30 |
| Construction in progress | 43,535 | 28,844 | — |
| Less: accumulated depreciation and depletion | 1,363,984 | 1,264,687 | |
| Net property, plant and equipment | $1,441,700 | $1,315,047 | |
*Depleted on the units-of-production method based on proven and probable aggregate reserves.
Total depreciation and depletion expense was $132.2 million, $119.2 million and $113.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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