What was the total expenditure for Petro Stopping Center in 2023?
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 |
| 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 | 7,944 | |||||||
| Depreciation charge for the year on right-of-use assets | ||||||||
| 2024 | (62) | — | (1) | (561) | (3) | (287) | (489) | (1,403) |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, authorized future capital expenditure for property, plant, and equipment (excluding right-of-use assets) for which contracts had been signed amounted to $6,820 million in 2023. Additionally, the company had contracted capital commitments of $699 million in relation to joint ventures and $33 million in relation to associates during the same year.
These figures represent significant financial commitments made by Petro Stopping Center for future development and expansion. For a prospective franchisee, this indicates the scale of investment and growth being pursued by the company. It also shows the level of commitment Petro Stopping Center has to its property, plant, and equipment.
It is important to note that these figures exclude right-of-use assets and only reflect expenditures for which contracts had been signed. The actual total expenditure for Petro Stopping Center in 2023 may be higher when accounting for these exclusions and other operational costs. A prospective franchisee should consider these capital expenditure plans as part of their due diligence to understand the financial health and future direction of Petro Stopping Center.