What were the total Aplus capital expenditures for the All Other segment in 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 capital expenditures for the All Other segment totaled $26 for the year ended December 31, 2021. This figure represents the investments Aplus made in its All Other segment, which includes credit card services, franchise royalties, and retail operations in Hawaii and New Jersey. Capital expenditures are funds used by a company to acquire or upgrade physical assets such as property, buildings, or equipment.
For a prospective Aplus franchisee, understanding the capital expenditure trends in different segments can provide insights into where Aplus is investing its resources. A higher capital expenditure in a particular segment may indicate growth and expansion efforts, while lower expenditures might suggest a focus on maintaining existing operations.
It's important to note that capital expenditures are distinct from operational expenses, which cover the day-to-day costs of running the business. Franchisees should consider both types of expenses when evaluating the financial health and strategic direction of Aplus.