What were the total assets for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided excerpts do not contain a single line item for 'total assets' of Petro Stopping Center in 2024. However, there is information on the company's property, plant, and equipment (PP&E). The net value of property, plant, and equipment assets owned by the Company, not including right-of-use assets, that are US based at December 31, 2024 amounted to $45,593 million.
To determine the total assets, a prospective Petro Stopping Center franchisee should ask the franchisor for the complete financial statements. This would include a balance sheet detailing all asset categories (current, fixed, tangible, intangible, etc.) and their values as of December 31, 2024. Reviewing the full balance sheet is essential to assess the overall financial health and solvency of Petro Stopping Center.
Understanding the asset composition is crucial for evaluating the financial stability and investment requirements associated with a Petro Stopping Center franchise. While the excerpt provides some insight into specific asset categories like PP&E, a comprehensive view requires access to the complete financial statements.