What was the total Aplus Adjusted EBITDA related to unconsolidated affiliates in 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
s lease income from properties that we lease or sublease.
All Other Segment
All Other segment includes the Partnership's credit card services, franchise royalties and retail operations in Hawaii and New Jersey.
The following tables present financial information by segment for the years ended December 31, 2023, 2022 and 2021.
| Year Ended December 31, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Fuel Distribution and Marketing | All Other | Intersegment Eliminations | Totals | ||||
| Revenue | |||||||
| Motor fuel sales | $ | 21,908 | $ | 617 | $ | 22,525 | |
| Non-motor fuel sales | 148 | 244 | 392 | ||||
| Lease income | 139 | 12 | 151 | ||||
| Intersegment sales | 447 | — | (447) | — | |||
| Total revenue | $ | 22,642 | $ | 873 | $ (447) | $ | 23,068 |
| Net income and comprehensive income | $ | 394 | |||||
| Depreciation, amortization and accretion | 187 | ||||||
| Interest expense, net | 217 | ||||||
| Income tax expense | 36 | ||||||
| Non-cash unit-based compensation expense | 17 | ||||||
| Gain on disposal of assets | (7) | ||||||
| Unrealized gain on commodity derivatives | (21) | ||||||
| Inventory adjustments | 114 | ||||||
| Equity in earnings of unconsolidate |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the Adjusted EBITDA related to unconsolidated affiliates for the year ended December 31, 2023, was $10.
This figure represents Aplus's share of the earnings from businesses they have a stake in but do not fully control, adjusted to exclude factors like interest, taxes, depreciation, and amortization. Adjusted EBITDA is often used to provide a clearer picture of a company's operating performance.
For a prospective Aplus franchisee, this indicates the financial contribution from Aplus's investments in other related businesses. While a positive number suggests these affiliates are performing well and adding to Aplus's overall financial health, it's important to consider this in the context of Aplus's total revenue and profitability to understand its significance.