What was the cost of owned buildings for Petro Stopping Center as of January 1, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ated with investments in subsidiaries and equity-accounted entities | 660 | 661 |
The majority of the unused US state tax losses have no fixed expiry date.
Substantially all of the deductible temporary differences have no expiry date.
| Impact of previously unrecognized deferred tax or write-down of deferred tax assets on tax charge | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current tax benefit relating to the utilization of previously unrecognized deferred tax assets | 71 | 138 | 232 |
| Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets |
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 cost of owned buildings as of January 1, 2024, was $324 million. This figure represents the book value of buildings owned by the company at the beginning of the fiscal year. It's important to note that this is part of a larger category of property, plant, and equipment (PP&E).
This number is a snapshot in time and does not reflect any changes due to acquisitions, additions, disposals, or depreciation that occurred throughout the year. The table also provides figures for land and land improvements, oil and gas properties, plant machinery and equipment, fittings, fixtures and office equipment, transportation, and oil depots, storage tanks and service stations, offering a comprehensive view of the company's owned assets.
For a prospective franchisee, this information provides insight into the scale of assets Petro Stopping Center owns and manages. While franchisees typically do not directly own these assets, understanding the financial structure of the parent company can be useful for assessing the overall stability and investment in infrastructure. Reviewing changes in these asset values over time, as presented in the table, can further reveal trends in the company's capital expenditures and asset management strategies.