How much do depreciation assumptions change Ceco Environmental Corp.'s earnings?
Gross property and equipment, depreciation and capital spending, with an alternative useful-life calculator. Cash spending is kept separate.
Depreciation against the asset base
Gross property and equipment of $78.2M against $24.9M of depreciation and amortization implies an average life of about 3.1 years (gross assets ÷ annual charge). The charge includes amortization where the company reports them together.
| Fiscal year | Gross PP&E | Net PP&E | Depreciation & amortization | Implied life (yrs) | Capital expenditure (cash) |
|---|---|---|---|---|---|
| 2020 | $34.5M | $16.2M | $9.9M | 3.5 | $3.9M |
| 2021 | $36.8M | $15.9M | $9.9M | 3.7 | $2.6M |
| 2022 | $45.5M | $20.8M | $10.6M | 4.3 | $3.4M |
| 2023 | $45.6M | $26.2M | $12.5M | 3.6 | $8.4M |
| 2024 | $75.0M | $33.8M | $14.5M | 5.2 | $17.4M |
| 2025 | $78.2M | $47.8M | $24.9M | 3.1 | $11.3M |
10-K filed 2026-03-02 · DepreciationDepletionAndAmortization
Compare an alternative useful life
A 4-year average life gives an annual charge of $19.6M instead of $24.9M. After tax at 21%, net income would be higher by $4.2M. Cash spending ($11.3M) is unchanged.
Straight-line on gross assets, no salvage value; land and construction in progress are not separated. Treat as an order-of-magnitude comparison.