What was the total Aplus net income and comprehensive income in 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| $ 6,826 | $ 6,830 |
|---|
The accompanying notes are an integral part of these consolidated financial statements.
SUNOCO LP CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Dollars in millions, except per unit data)
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | |||
| REVENUES: | |||||
| Motor fuel sales | $ 22,525 | $ | 25,216 | $ | 17,152 |
| Non-motor fuel sales | 392 | 370 | 306 | ||
| Lease income | 151 | 143 | 138 | ||
| Total revenues | 23,068 | 25,729 | 17,596 | ||
| COST OF SALES AND OPERATING EXPENSES: | |||||
| Cost of sales | 21,703 | 24,350 | 16,246 | ||
| General and administrative | 126 | 120 | 109 | ||
| Other operating | 356 | 338 | 270 | ||
| Lease expense | 68 | 63 | 59 | ||
| Gain on disposal of assets | (7) | (13) | (14) | ||
| Depreciation, amortization and accretion | 187 | 193 | 177 | ||
| Total cost of sales and operating expenses | 22,433 | 25,051 | 16,847 | ||
| OPERATING INCOME | 635 | 678 | 749 | ||
| OTHER INCOME (EXPENSE): | |||||
| Interest expense, net | (217) | (182) | (163) | ||
| Other income, net | 7 | 1 | — | ||
| Equity in earnings of unconsolidated affiliates | 5 | 4 | 4 | ||
| Loss on extinguishment of debt | — | — | (36) | ||
| INCOME BEFORE INCOME TAXES | 430 | 501 | 554 | ||
| Income tax expense | 36 | 26 | 30 | ||
| NET INCOME AND COMPREHENSIVE INCOME | $ 394 | $ | 475 | $ | 524 |
| NET INCOME PER COMMON UNIT: | |||||
| Common units - basic | $ 3.70 | $ | 4.74 | $ | 5.35 |
| Common units - diluted | $ 3.65 | $ | 4.68 | $ | 5.28 |
| WEIGHTE |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the net income and comprehensive income for the year ended December 31, 2023, was $394. This figure represents the company's overall profitability after accounting for all revenues, expenses, and other financial adjustments during that period. This information is crucial for potential franchisees as it provides insight into the financial health and performance of Aplus.
Specifically, the FDD provides a breakdown of how this net income was derived. Aplus's 2023 net income of $394 was calculated after factoring in various income and expense items, such as revenues from motor fuel sales ($22,525), non-motor fuel sales ($392), lease income ($151), cost of sales ($21,703), general and administrative expenses ($126), depreciation, amortization and accretion ($187), interest expense ($217), and income tax expense ($36). These figures offer a detailed view of the various components contributing to Aplus's overall financial performance.
Prospective franchisees should consider this net income figure in conjunction with other financial data provided in the FDD, such as revenue trends, operating expenses, and cash flow statements, to gain a comprehensive understanding of Aplus's financial stability and potential for future growth. Additionally, it is important to compare these figures with industry benchmarks and the performance of other franchisees within the Aplus system to assess the relative strength and competitiveness of the franchise opportunity.