What amount of dividends did Petro Stopping Center receive from joint ventures and associates in 2022?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Profit (loss) before taxation | 4,044 | 6,087 | 15,030 | |
| Adjustments to reconcile profit before taxation to net cash provided by operating | ||||
| activities | ||||
| Exploration expenditure written off | 6 | 374 | 272 | 69 |
| Depreciation, depletion and amortization | 8,593 | 7,391 | 5,622 | |
| Impairment and (gain) loss on sale of businesses and fixed assets | 3 | 47 | 1,444 | (472) |
| Earnings from joint ventures and associates | (206) | 1,062 | 111 | |
| Dividends received from joint ventures and associates | 232 | 232 | 209 | |
| Interest receivable | (2,733) | (2,624) | (1,185) | |
| Interest received | 2,719 | 2,613 | 1,173 | |
| Finance costs | 5 | 3,338 | 2,516 | 1,715 |
| Interest paid | (2,470) | (1,910) | (1,343) | |
| Net finance expense relating to pensions and other post-employment benefits | 19 | 19 | 25 | 29 |
| Share-based payments | 222 | 258 | 221 | |
| Net operating charge for pensions and other post-employment benefits, less | 19 | 9 | (8) | (64) |
| contributions and benefit payments for unfunded plans | ||||
| Net charge for provisions, less payments | (585) | (2,197) | 762 | |
| Movements in inventories and other current and non-current assets and liabilities | (1,279) | 1,320 | (2,332) | |
| Income taxes paid | (545) | (555) | (878) | |
| Net cash provided by operating activities | 11,779 | 15,926 | 18,667 | |
| Investing activities | ||||
| Expenditure on property, plant and equipment, intangible and other assets | (7,090) | (7,614) | (5,754) | |
| Acquisitions, net of cash acquired | (119) | (766) | (3,503) | |
| Investment in joint ventures and associates | (281) | (779) | (351) | |
| Total cash capital expenditure | (7,490) | (9,159) | (9,608) | |
| Proceeds from disposals of fixed assets | 3 | 378 | 120 | 21 |
| Proceeds from disposals of businesses, net of cash disposed | 3 | 1,603 | 558 | 184 |
| Proceeds from loan repayments | 6 | 8 | 11 | |
| 5,285 | (5,381) | 5,946 | ||
| Net changes in receivables from affiliates | ||||
| Net cash used in investing activities | (218) | (13,854) | (3,446) | |
| Financing activities | ||||
| Lease liability payments | (1,309) | (1,153) | (726) | |
| Proceeds from long-term financing | 8,167 | 5,386 | 1,995 | |
| Repayments of long-term financing | (274) | (135) | (4,513) | |
| Net increase (decrease) in long-term financing from affiliates | 70 | — | (105) | |
| (Decrease) increase in payables to affiliates | (8,092) | 7,582 | 687 | |
| Net increase (decrease) in short-term debt | 12 | (660) | (12) | |
| Payments relating to transactions involving non-controlling interests | — | (180) | (9) | |
| Dividends paid | 26 | (10,377) | (12,989) | (11,881) |
| Net cash used in financing activities | (11,803) | (2,149) | (14,564) | |
| Currency translation differences relating to cash and cash equivalents | (43) | — | (67) | |
| (Decrease) increase in cash and cash equivalents | (285) | (77) | 590 | |
| Cash and cash equivalents at beginning of year | 2,271 | 2,348 | 1,758 | |
| Cash and cash equivalents at end of year | 1,986 | 2,271 | 2,348 |
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 company received $209 million in dividends from joint ventures and associates in 2022. This information is part of a larger table detailing the company's cash flow from operating activities. The table also includes figures for 2023 and 2024, showing $232 million in dividends received in both years.
For a prospective franchisee, this indicates the level of income Petro Stopping Center derives from its investments in other businesses. While franchisees are not directly entitled to these dividends, they reflect the overall financial health and strategic investments of the parent company. Strong dividend income can contribute to the stability and resources available to support the franchise system.
It's important to note that these figures are in millions of dollars and represent the consolidated results of Petro Stopping Center's global operations, not just the franchise segment. Franchisees should consider this information in the context of the company's overall financial performance and strategy, as it can influence decisions related to expansion, marketing, and support services.