What was the value of Petro Stopping Center's affiliates payables (current liabilities) in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| (Decrease) increase in payables to affiliates | (8,092) | 7,582 | 687 |
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 net increase in payables to affiliates was $7,582 million in 2023. This figure reflects the change in the amount Petro Stopping Center owed to its affiliates during that year.
This information is part of the broader cash flow statement, specifically within the financing activities section. It indicates the extent to which Petro Stopping Center's financing activities involved its affiliates. A positive value, as in this case, suggests that Petro Stopping Center increased its payables to affiliates, potentially to fund operations or investments.
For a prospective franchisee, this data point provides insight into the financial relationships between Petro Stopping Center and its related entities. While it doesn't directly impact the franchisee's day-to-day operations, it contributes to understanding the overall financial structure and capital flows within the Petro Stopping Center organization. Reviewing these trends over several years, as presented in the table, can offer a more comprehensive view of the company's financial management.