table_specific

What was the depreciation, depletion, and amortization amount for Petro Stopping Center in 2022?

Petro_Stopping_Center Franchise · 2025 FDD

Answer 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 Oil and gas propertiesa Plant, machinery and equipment Fittings, fixtures and office equipment Transportation Oil depots, storage tanks and service stations $ million Total
Cost - owned PP&E
At January 1, 2024 1,032 324 95,605 27,463 827 1,141 2,850 129,242
Acquisitions 12 — — — — — 51 63
Additions 151 48 4,550 1,406 61 87 357 6,660
Transfers from intangible assets — — 342 — — — — 342
Reclassified as assets held for sale (10) (3) (16) (706) (1) — — (736)
Deletions and disposals 85 29 (5,966) (480) (17) (310) (153) (6,812)
At December 31, 2024 1,270 398 94,515 27,683 870 918 3,105 128,759
Depreciation - owned PP&E
At January 1, 2024 285 177 60,136 11,303 638 701 690 73,930
Charge for the year 27 12 5,730 1,091 64 42 269 7,235
Impairment losses — — 10 371 — — 47 428
Impairment reversals — — (402) (4) — (1) — (407)
Reclassified as assets held for sale (6) (2) — (364) (1) — — (373)
Deletions and disposals (3) (1) (5,665) (155) (23) (299) (31) (6,177)
At December 31, 2024 303 186 59,809 12,242 678 443 975 74,636
Owned PP&E - net book amount at 967 212 34,706 15,441 192 475 2,130 54,123
December 31, 2024
Right-of-use assets - net book amount at — 325 — 1,255 3 775 3,171 5,529
December 31, 2024b
Total PP&E - net book amount at 967 537 34,706 16,696 195 1,250 5,301 59,652
December 31, 2024
Cost - owned PP&E
At January 1, 2023 775 303 90,334 25,905 841 1,283 1,513 120,954
Acquisitions 206 — — 27 12 48 1,055 1,348
Additions 54 22 5,367 1,567 101 41 404 7,556
Transfers from intangible assets — — 10 — — — — 10
Deletions and disposals (3) (1) (106) (36) (127) (231) (122) (626)
At December 31, 2023 1,032 324 95,605 27,463 827 1,141 2,850 129,242
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
Owned PP&E - net book amount at 747 147 35,469 16,160 189 440 2,160 55,312
December 31, 2023
Right-of-use assets - net book amount at — 353 2 756 4 590 3,297 5,002
December 31, 2023b
Total PP&E - net book amount at 747 500 35,471 16,916 193 1,030 5,457 60,314
December 31, 2023
Assets held under construction included above 7,097
At December 31, 2024
At December 31, 2023

Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)

What This Means (2025 FDD)

According to Petro Stopping Center's 2025 Franchise Disclosure Document, specific figures for depreciation, depletion, and amortization for the year 2022 are not explicitly detailed. However, the document does provide a table showing property, plant, and equipment (PP&E) costs and depreciation charges for 2023 and 2024. This includes the charge for the year 2023, which totaled $6,229 million, and for 2024, which totaled $7,235 million. These figures are broken down across various asset categories such as 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. These values offer insight into how these expenses are distributed across different types of assets owned by the company.

While the exact depreciation, depletion, and amortization for 2022 is not provided, the FDD includes detailed accounting practices related to these expenses. For instance, oil and natural gas properties are depreciated using a unit-of-production method, while other property, plant, and equipment are depreciated on a straight-line basis over their expected useful lives, which vary depending on the asset type. Land improvements are depreciated over 15 to 25 years, buildings over 20 to 50 years, and service stations over 15 years. These accounting methods can significantly impact the reported depreciation expenses each year.

For a prospective franchisee, understanding these depreciation methods and the values from the subsequent years is crucial for projecting future financial performance. Although the specific 2022 figure is absent, the provided data for 2023 and 2024, along with the outlined depreciation policies, offer a basis for estimating these costs. It would be prudent for a potential franchisee to request the specific depreciation, depletion, and amortization figures for 2022 from Petro Stopping Center to gain a clearer understanding of the company's financial trends and operational costs. This information, combined with the provided details, will enable a more informed investment decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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