Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2021

Property Plant And Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT, NET

Property, plant, and equipment, net as of September 30, 2021 and December 31, 2020 consists of the following (in thousands):


	September 30, 2021			December 31, 2020
Buildings	$	6,639		$	6,768
Leasehold improvements		1,154			1,146
Furniture and fixtures		420			416
Machinery and equipment		54,296			51,286
Vehicles		4,862			4,311
Construction in progress		7,249			5,069
Total property, plant and equipment, gross		74,620			68,996
Accumulated depreciation		(26,124	)		(20,761	)
Total property, plant and equipment, net	$	48,496		$	48,235

For the three and nine months ended September 30, 2021, depreciation expense was $1,935 and $5,363, respectively, compared to $1,756 and $5,107 for the three and nine months ended September 30, 2020, respectively, of which substantially all was presented in cost of goods sold in the condensed consolidated statements of operations and comprehensive income.