What was the amount of depreciation, depletion, and amortization for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Land and land improvements | Buildings | Oil and gas propertiesa | Plant, machinery and equipment | Fittings, fixtures and office equipment | Transportation | Oil depots, storage tanks and service stations | $ million Total | |
|---|---|---|---|---|---|---|---|---|
| Depreciation - owned PP&E | ||||||||
| At January 1, 2023 | 266 | 170 | 53,891 | 10,250 | 661 | 880 | 527 | 66,645 |
| Charge for the year | 19 | 6 | 4,961 | 938 | 74 | 34 | 197 | 6,229 |
| Impairment losses | — | — | 1,358 | 147 | — | — | — | 1,505 |
| Impairment reversals | — | — | — | — | — | — | — | — |
| Deletions and disposals | — | 1 | (74) | (32) | (97) | (213) | (34) | (449) |
| At December 31, 2023 | 285 | 177 | 60,136 | 11,303 | 638 | 701 | 690 | 73,930 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the depreciation charge for the year 2023 on owned property, plant, and equipment was $6,229 million. This figure is part of a larger table detailing the costs and depreciation of various assets.
Specifically, the table provides a breakdown of depreciation charges across different categories of assets, including land and land improvements, buildings, oil and gas properties, plant machinery and equipment, fittings fixtures and office equipment, transportation, and oil depots storage tanks and service stations. For instance, the depreciation charge for oil and gas properties was $4,961 million, while for buildings it was $6 million.
It is important to note that these figures represent depreciation on owned property, plant, and equipment (PP&E). Additionally, there was a depreciation charge for the year on right-of-use assets, but this is reported separately and does not factor into the $6,229 million figure for owned PP&E. Understanding these depreciation charges is crucial for assessing the financial health and asset management strategies of Petro Stopping Center.