Where can I find the audited consolidated financial statements for Aplus?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
n April 26, 2024
GUARANTOR: SUNOCO LP
By SUNOCO GP LLC, Its general partner
By: ______________________________
Dylan Bramhall, Chief Financial Officer
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Report of Independent Registered Public Accounting Firm (PCAOB ID Number 248) | F-2 |
|---|---|
| Consolidated Balance Sheets | F-4 |
| Consolidated Statements of Operations and Comprehensive Income | F-5 |
| Consolidated Statements of Equity | F-6 |
| Consolidated Statements of Cash Flows | F-7 |
| Notes to Consolidated Financial Statements | F-8 |
| 1.Organization and Principles of Consolidation | F-8 |
| 2. Summary of Significant Accounting Policies | F-8 |
| 3. Acquisitions and Divestitures | F-13 |
| 4. Accounts Receivable, net | F-14 |
| 5. Inventories, net | F-14 |
| 6. Property and Equipment, net | F-15 |
| 7. Goodwill and Other Intangible Assets | F-15 |
| 8. Accrued Expenses and Other Current Liabilities | F-16 |
| 9. Long-Term Debt | F-17 |
| 10. Other Non-Current Liabilities | F-18 |
| 11. Related-Party Transactions | F-19 |
| 12. Revenue | F-19 |
| 13. Commitments and Contingencies | F-22 |
| 14. Assets Under Operating Leases | F-24 |
| 15. Interest Expense, net | F-25 |
| 16. Income Tax Expense | F-25 |
| 17. Partners' Capital | F-26 |
| 18. Unit-Based Compensation | F-28 |
| 19. Segment Reporting | F-28 |
| 20. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, Item 22, "Contracts," includes a section for "Financial Statements." The financial statements include several components, such as the Report of Independent Registered Public Accounting Firm, Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Equity, and Consolidated Statements of Cash Flows. Notes to the Consolidated Financial Statements are also included.
Specifically, the notes cover various aspects of Aplus's financial status, such as organization and principles of consolidation, significant accounting policies, acquisitions and divestitures, accounts receivable, inventories, property and equipment, goodwill and other intangible assets, accrued expenses and other current liabilities, long-term debt, and other non-current liabilities. Related-party transactions, revenue, commitments and contingencies, assets under operating leases, interest expense, income tax expense, partners' capital, unit-based compensation, segment reporting, and net income per common unit are also addressed in the notes.
Item 22 also indicates that the financial statements are included as part of the franchise agreement attachments. Therefore, a prospective franchisee can find the audited consolidated financial statements within the attachments to the Aplus Franchise Agreement.