What were the total assets for Aplus at the end of the period ending 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 unconsolidated affiliat |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the company's total assets at the end of the period ending December 31, 2021, were $5,815. This figure represents the sum of all assets Aplus owned at that time, including cash, accounts receivable, inventory, property, equipment, and intangible assets. This number is derived from the combination of Fuel Distribution and Marketing assets ($4,825) and All Other assets ($990).
For a prospective franchisee, this total asset figure provides a snapshot of Aplus's financial strength and scale of operations as of that date. It can be used to assess the company's ability to meet its financial obligations and invest in future growth. A higher asset base generally indicates a more stable and established company.
It's important to note that this figure is just a single data point in time and should be considered alongside other financial metrics, such as revenue, net income, and liabilities, to get a comprehensive understanding of Aplus's financial health. Additionally, potential franchisees should compare this figure to those of other similar franchise systems to benchmark Aplus's performance.
While the total asset figure provides a general overview, it does not reveal the composition of those assets. A prospective franchisee may want to inquire about the specific types of assets Aplus holds and their relative proportions to gain a deeper understanding of the company's financial structure.