What was the net income per common unit (basic) for Aplus in 2021?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
s based on the weighted average number of common units outstanding during the period. Diluted net income per unit includes the effects of potentially dilutive units on our common units, consisting of unvested phantom units.
A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:
| Year Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | ||||
| Net Income and comprehensive income | $ | 394 | $ | 475 | $ | 524 |
| Less: | ||||||
| Incentive distribution rights | 77 | 72 | 71 | |||
| Distributions on unvested phantom unit awards | 6 | 6 | 7 | |||
| Common unitholders' interest in net income | $ | 311 | $ | 397 | $ | 446 |
| Weighted average common units outstanding: |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the net income per common unit (basic) was $5.35 in 2021. This figure is calculated by dividing the common unitholders' interest in net income by the weighted average number of outstanding common units. In 2021, the weighted average common units outstanding (basic) was 83,369,534. The common unitholders' interest in net income was $446.
Net income per unit is a key financial metric that can help prospective franchisees assess the profitability and value of an Aplus franchise. It reflects the portion of Aplus's net income attributable to each common unit, providing a basis for evaluating investment returns and comparing Aplus's performance to other companies or franchises.
It's important to note that these figures are based on Aplus's overall financial performance and may not directly reflect the performance of individual franchised locations. Prospective franchisees should conduct their own due diligence and consult with financial advisors to assess the potential profitability of an Aplus franchise in their specific circumstances.