What was the value of acquisitions and other additions for Petro Stopping Center in 2023, expressed in millions of dollars?
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 | 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 |
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 value of acquisitions and additions related to owned property, plant, and equipment (PP&E) can be found in the provided table. For the period ending December 31, 2023, acquisitions amounted to $1,348 million, while additions totaled $7,556 million. These figures represent investments in various categories of assets, including land, buildings, oil and gas properties, plant machinery, equipment, and service stations.
These values reflect the company's investment in expanding and upgrading its asset base during the specified year. Acquisitions typically involve purchasing existing assets or businesses, while additions represent new investments or improvements to existing assets. For a prospective franchisee, understanding these capital expenditure trends can provide insights into Petro Stopping Center's growth strategy and the potential for future development.
It's important to note that these figures are presented in millions of dollars and represent the total investment across all of Petro Stopping Center's owned PP&E. The table also includes details on other transactions, such as transfers from intangible assets, deletions, and disposals, which provide a more comprehensive view of the company's asset management activities. A potential franchisee should consider these figures in the context of the overall financial health and strategic direction of Petro Stopping Center.