What was the total value of Aplus's assets as of 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 ass |
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 million. This figure represents the sum of all Aplus's possessions and rights that have monetary value. These assets are categorized into current assets, property and equipment, and other assets.
Specifically, current assets, which are expected to be converted into cash within a year, totaled $1,927 million. Property and equipment, net of accumulated depreciation, amounted to $1,836 million. Other assets, including operating lease right-of-use assets, goodwill, intangible assets, other non-current assets, and investments in unconsolidated affiliates, totaled $3,063 million.
For a prospective Aplus franchisee, understanding the asset composition provides insight into the financial health and structure of the company. A substantial asset base can indicate stability and the capacity to support franchisees. However, it is also important to consider how these assets are financed and whether they generate sufficient returns. Reviewing the liabilities and equity alongside the assets offers a more complete picture of Aplus's financial position.