What was the total cost of owned PP&E 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 total cost of owned property, plant, and equipment (PP&E) as of January 1, 2024, was $129,242 million. This figure encompasses various categories of assets, providing a comprehensive view of the company's tangible holdings. These assets are broken down into several categories, including land and 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.
For a prospective franchisee, understanding the composition and value of these assets is crucial. It offers insight into the scale and nature of Petro Stopping Center's operations. The substantial investment in oil and gas properties, which accounts for a significant portion of the total PP&E, highlights the company's focus on its core business. The figures also provide a basis for assessing the company's financial health and capital intensity.
It's important to note that these figures represent the cost of owned PP&E, not the net book value, which would account for depreciation. Franchisees should consider these factors when evaluating the overall financial picture of Petro Stopping Center. Reviewing changes in these asset values over time, as presented in the table, can also reveal trends in the company's investment and asset management strategies.