What was the total amount of capital expenditures for Aplus for the year ended December 31, 2021?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
- | | Equity in earnings of unconsolidated affiliates | | | | | | | (4) | | Adjusted EBITDA related to unconsolidated affiliates | | | | | | | 10 | Other non-cash adjustments 20 Adjusted EBITDA $ 807 $ 112 $ 919 Capital expenditures $ 143 $ 43 $ 186 Total assets, end of period $ 5,727 $ 1,103 $ 6,830
Year Ended December 31, 2021
| Year Ended December 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|
| Fuel Distribution and Marketing | All Other | Intersegment Eliminations | Totals | ||||
| Revenue | |||||||
| Motor fuel sales | $ 16,569 | $ | 583 | $ | 17,152 | ||
| Non-motor fuel sales | 82 | 224 | 306 | ||||
| Lease income | 127 | 11 | 138 | ||||
| Intersegment sales | 412 | — | (412) | — | |||
| Total revenue | $ 17,190 | $ | 818 | $ | (412) | $ | 17,596 |
| Net income and comprehensive income | $ | 524 | |||||
| Depreciation, amortization and accretion | 177 | ||||||
| Interest expense, net | 163 | ||||||
| Income tax expense | 30 | ||||||
| Non-cash unit-based compensation expense | 16 | ||||||
| Gain on disposal of assets | (14) | ||||||
| Unrealized gain on commodity derivatives | (14) | ||||||
| Loss on extinguishment of debt | 36 | ||||||
| Inventory adjustments | (190) | ||||||
| Equity in earnings of uncon |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the total capital expenditures for the year ended December 31, 2021, was $157,000. This figure is derived from a table that breaks down revenue, net income, and capital expenditures for different segments of Aplus's business. Specifically, it includes capital expenditures for "Fuel Distribution and Marketing" ($131,000) and "All Other" ($26,000), which are then summed to arrive at the total capital expenditures.
Capital expenditures typically include investments in long-term assets such as property, equipment, and infrastructure. For prospective Aplus franchisees, understanding these capital expenditure figures can be useful in assessing the financial health and investment patterns of the company. It provides insight into how Aplus allocates resources to maintain and grow its operations.
It's important to note that this figure represents Aplus's capital expenditures as a whole and may not directly reflect the initial investment required by a new franchisee. Franchisees should refer to other sections of the FDD, such as Item 7, for detailed information on estimated initial investment costs, which would include expenses for land, building, equipment, and inventory necessary to start their own Aplus franchise.