What was the cost of owned oil and gas properties 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 | 14 | — | — |
| Deferred tax benefit relating to the recognition of previously unrecognized deferred tax assets | 10 | — | 20 |
| Deferred tax expense arising from the write-down of a previously recognized deferred tax asset | 94 | 21 | — |
The US federal capital losses expire in the period 2027-2029.
The US unused tax credits expire in the period 2025-2034.
8. Property, plant and equipment (PP&E)
| | Land and land improvements | Buildings | O
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 oil and gas properties as of January 1, 2024, was $95,605 million. This figure represents the initial cost of these properties before accounting for depreciation or any other adjustments. It is important to note that this value reflects the historical cost and not necessarily the current market value of the properties.
This substantial investment in oil and gas properties highlights the scale of Petro Stopping Center's operations and its involvement in the oil and gas industry. For a prospective franchisee, this indicates that the brand is heavily invested in assets related to oil and gas, which could be a significant factor in the company's overall financial performance and stability.
It's also worth noting the changes in these assets over the year. Throughout 2024, there were additions of $4,550 million and transfers from intangible assets of $342 million, but also deletions and disposals amounting to $5,966 million. By December 31, 2024, the cost of owned oil and gas properties was $94,515 million, reflecting these changes. Understanding these fluctuations can provide a more comprehensive view of how Petro Stopping Center manages its assets.