What were the total assets for Aplus at the end of the period ending December 31, 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
osts, by performing independent market research and analyses.
/s/ GRANT THORNTON LLP
We have served as the Partnership's auditor since 2015.
Dallas, Texas February 16, 2024
SUNOCO LP CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 29 | $ 82 |
| Accounts receivable, net | 856 | 890 |
| Accounts receivable from affiliates | 20 | 15 |
| Inventories, net | 889 | 821 |
| Other current assets | 133 | 175 |
| Total current assets | 1,927 | 1,983 |
| Property and equipment | 2,970 | 2,796 |
| Accumulated depreciation | (1,134) | (1,036) |
| Property and equipment, net | 1,836 | 1,760 |
| Other assets: | ||
| Operating lease ri |
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 as of December 31, 2023, were $6,826,000. This figure represents the sum of all Aplus's possessions and rights that have a monetary value. These assets are categorized into current assets, property and equipment (net of accumulated depreciation), and other assets.
Specifically, current assets include cash and cash equivalents, accounts receivable, receivables from affiliates, inventories, and other current assets. Property and equipment are recorded at their original cost less accumulated depreciation. Other assets include operating lease right-of-use assets, goodwill, intangible assets, other non-current assets, and investments in unconsolidated affiliates.
It's important for a prospective Aplus franchisee to review these figures in the context of the company's liabilities and equity, also detailed in the balance sheet. A healthy balance sheet indicates Aplus's financial stability and its ability to meet its obligations, which can be a key factor in assessing the overall risk and potential of investing in an Aplus franchise.