How much did Petro Stopping Center earn from joint ventures and associates in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Sales and other operating revenues | 4 | 79,377 | 83,612 | 92,710 |
| Earnings from joint ventures and associates - after interest and tax | 12,13 | 206 | (1,062) | (111) |
| Interest and other income | 5 | 2,877 | 2,830 | 1,879 |
| Gains on sale of businesses and fixed assets | 3 | 471 | 191 | 116 |
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 earnings from joint ventures and associates in 2023 was $1,062 million. This figure reflects Petro Stopping Center's share of profits from its investments in other businesses that it either jointly controls (joint ventures) or has significant influence over (associates). These earnings are after accounting for interest and taxes.
For a prospective franchisee, this indicates the financial health and diversification of Petro Stopping Center's revenue streams. While franchisees primarily focus on the performance of their individual locations, the overall financial stability of the parent company is crucial for long-term support, innovation, and brand strength. A company with diverse income sources, including earnings from joint ventures and associates, may be better positioned to weather economic downturns or industry-specific challenges.
It's important to note that these earnings can fluctuate from year to year, as seen by the change from $1,062 million in 2023 to $206 million in 2024. These fluctuations can be influenced by various factors, including the performance of the underlying investments, changes in accounting practices, and broader economic conditions. Franchisees should consider these figures as part of a broader assessment of Petro Stopping Center's financial performance and stability, rather than relying solely on a single year's earnings.
Furthermore, it is important to understand the nature of these joint ventures and associates. Are they in industries related to Petro Stopping Center's core business, or are they more diversified? Understanding the risks and opportunities associated with these investments can provide a more complete picture of the company's financial strategy and its potential impact on the franchise system.