Crossamerica partners lp (CAPL)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12
Operating revenues

2,069,338

2,149,429

2,184,292

2,295,366

2,363,133

2,445,917

2,451,335

2,324,617

2,180,111

2,094,827

2,043,639

1,987,497

1,971,352

1,869,806

1,836,210

1,976,062

2,113,554

2,226,271

2,349,637

2,549,595

2,663,304

2,664,868

2,559,054

2,221,868

1,946,219

1,936,059

1,762,405

0

0

0

Costs of sales

1,916,049

1,994,792

2,019,626

2,128,047

2,193,212

2,273,122

2,283,491

2,158,996

2,016,840

1,934,061

1,884,272

1,830,567

1,815,529

1,714,239

1,679,770

1,807,791

1,944,627

2,056,807

2,174,778

2,389,411

2,517,343

2,539,967

0

0

0

-

-

-

-

-

Rent income from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,515

0

0

0

Other revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,536

0

0

0

Gross profit

153,289

154,637

164,666

167,319

169,921

172,795

167,844

165,621

163,271

160,766

159,367

156,930

155,823

155,567

156,440

168,271

168,927

169,464

174,859

160,184

145,961

124,901

0

0

0

-

-

-

-

-

Income from CST Fuel Supply equity interests

14,544

14,768

15,011

14,563

14,569

14,948

14,745

15,018

15,108

14,906

14,915

15,185

15,600

16,048

16,373

16,549

13,481

10,528

6,473

2,275

1,098

0

0

0

0

-

-

-

-

-

Operating expenses:
Operating expenses

47,924

52,554

57,166

59,449

60,930

61,919

61,738

61,848

62,379

61,297

62,173

61,026

60,923

61,074

60,202

66,348

70,300

72,229

83,429

75,517

62,921

47,749

23,459

12,287

5,925

4,577

3,760

0

0

0

General and administrative expenses

16,911

16,849

16,590

16,963

17,664

17,966

17,996

19,680

26,790

27,887

29,819

29,967

22,968

24,156

27,803

30,104

32,797

36,238

41,186

39,731

42,799

36,880

26,752

24,368

17,506

16,558

21,679

0

0

0

Depreciation, amortization and accretion expense

59,198

55,032

54,744

54,674

64,110

66,549

66,220

66,276

58,622

57,470

56,493

55,876

55,860

54,412

52,477

52,476

49,625

48,227

48,024

42,962

38,821

33,285

27,653

24,496

22,090

20,963

17,466

0

0

0

Total operating expenses

124,033

124,435

128,500

131,086

142,704

146,434

145,954

147,804

147,791

146,654

148,485

146,869

139,751

139,642

140,482

148,928

152,722

156,694

172,639

158,210

144,541

117,914

-1,318,566

-863,264

-409,604

42,098

1,737,460

0

0

0

Gain (loss) on dispositions and lease terminations, net

69,342

-1,648

-1,792

-108

-6,586

-6,297

-5,290

-2,858

3,675

3,401

1,686

-54

158

198

885

2,161

2,685

2,719

2,528

572

203

1,653

1,531

0

0

-

-

0

-

0

Operating income

113,142

43,322

49,385

50,688

35,200

35,012

31,345

29,977

34,263

32,419

27,483

25,192

31,830

32,171

33,216

38,053

32,371

26,017

11,221

4,821

2,721

8,640

21,603

20,630

28,165

30,177

24,945

0

0

0

Other income, net

575

524

438

374

365

373

360

377

415

439

839

659

848

848

435

581

455

396

487

492

421

466

415

416

382

359

290

0

0

0

Interest expense

25,203

27,000

29,623

31,236

32,157

32,872

31,674

30,631

29,269

27,919

26,953

25,485

24,394

22,757

21,008

20,241

19,280

18,493

17,618

17,913

16,882

16,631

16,850

15,037

14,830

14,182

12,159

0

0

0

Income before income taxes

88,514

16,846

20,200

19,826

3,408

2,513

31

-277

5,409

4,939

1,369

366

8,284

10,262

12,643

18,393

13,546

7,920

-5,910

-12,600

-13,740

-7,525

5,168

6,009

13,717

16,354

13,076

0

0

0

Income tax (benefit) expense

-1,411

-1,230

-1,301

182

-2,857

-2,733

-18,673

-18,010

-15,263

-18,237

-2,990

-2,648

-2,359

-453

31

-1,411

-2,656

-3,542

503

-166

-3,170

-1,354

-6,235

-6,155

-2,024

-1,716

282

0

0

0

Income (loss) from continuing operations after income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net income

89,925

18,076

21,501

19,644

6,265

5,246

18,704

17,733

20,672

23,176

4,359

3,014

10,643

10,715

12,612

19,804

16,202

11,462

-6,413

-12,434

-10,570

-6,171

12,407

0

0

-

0

-

-

0

Less: net (loss) income attributable to noncontrolling interests

-

-

-

-

-

-5

14

18

15

18

1

0

10

11

16

34

28

21

-3

-16

-14

-9

0

0

0

-

-

-

-

-

Net income attributable to limited partners

-

-

21,501

19,644

-

5,251

18,690

17,715

20,657

23,158

5,025

4,318

0

-

0

0

-

-

-

-

-

-

-

-

-

-

12,794

0

0

0

IDR distributions

533

533

532

532

532

1,579

2,621

3,603

4,525

4,337

4,098

3,860

3,625

3,392

3,053

2,604

1,979

1,390

912

548

384

245

0

0

0

-

-

-

-

-

Net income available to limited partners

89,392

17,543

20,969

19,112

5,736

3,672

16,069

14,112

16,132

18,821

-499

-1,605

6,249

7,312

9,509

17,560

14,784

10,051

-6,410

-12,418

-10,556

-6,162

11,395

12,164

15,741

18,070

12,794

0

0

0

Net income available to CrossAmerica limited Partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,195

-

-7,322

-12,966

-10,940

-6,407

0

0

0

-

-

-

-

-

Basic and diluted earnings per common unit

2.00

0.13

0.20

0.18

0.00

0.23

0.15

-0.21

-0.06

0.60

0.09

-0.15

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per common unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

0.24

0.33

0.36

0.25

-0.09

Diluted earnings per common unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

0.24

0.33

0.36

0.25

-0.09

Basic and diluted earnings per subordinated unit

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.07

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

-

-

-

-

-

Weighted-average limited partner units:
Basic common units

35,994

34,476

34,453

34,444

34,444

34,448

34,439

34,336

34,157

34,061

33,931

33,798

33,588

33,511

33,366

33,283

28,475

25,814

25,518

17,582

16,935

15,477

11,824

11,194

11,115

8,347

7,526

7,526

7,525

7,525

(a) Includes income from rentals of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,542

-

67,055

60,083

56,238

52,513

0

0

0

-

-

-

-

-

(b) Includes expenses from fuel sales to related parties of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

419,449

-

451,330

539,824

636,615

735,202

0

0

0

-

-

-

-

-

(b) Includes expenses from rentals of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,250

-

15,692

15,217

14,785

15,078

0

0

0

-

-

-

-

-

(c) Diluted common units are not used in the calculation of diluted earnings per common unit for the three and six months ended June 30, 2015 because to do so would be antidilutive

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

122

-

-

-

-

-

-

-

-

-

Basic and diluted subordinated units

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-16

0

4,630

7,525

7,525

7,525

7,525

7,525

7,525

7,525

7,525

-

-

-

-

-

Diluted common units

35,995

34,557

34,464

34,461

34,456

34,430

34,439

34,346

34,165

34,054

33,937

33,806

33,622

33,634

33,391

33,292

28,545

25,989

25,568

17,629

17,057

15,427

11,834

11,194

11,156

8,500

7,526

7,569

7,525

7,525

Supplemental information:
Total diluted common and subordinated units

-

-

-

-

-

-

-

-

-

-

-

-

-

33,609

33,391

33,292

33,176

33,514

33,093

25,154

24,582

22,952

19,359

18,719

18,681

-

-

-

-

-

Distribution paid per common unit

-

-

-

-

-

-

-

-

-

-

-

0.61

0.61

-

0.60

0.59

0.59

0.57

0.56

0.54

0.54

-

0.52

-

-

-

-

-

-

-

Distribution declared (with respect to each respective period) per common unit

-

-

-

-

-

-

-

-

-

-

-

0.62

0.61

-

0.60

0.60

0.59

0.59

0.57

0.56

0.54

-

-

-

-

-

-

-

-

-

(a) Includes excise taxes of:

72,497

78,004

84,587

88,471

94,015

97,929

96,571

91,099

85,743

79,937

77,985

77,979

78,196

79,537

83,792

92,318

98,721

99,339

95,811

86,584

77,139

64,942

0

0

0

-

-

-

-

-

(a) Includes revenues from fuel sales to and rental income from related parties of:

-

-

325,941

367,657

-

433,740

455,922

443,876

424,085

414,781

440,928

430,482

432,854

411,945

409,348

436,389

468,474

494,090

477,780

567,265

665,222

764,509

0

0

0

-

-

-

-

-

Revenues from fuel sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

842,344

0

0

0

Revenues from fuel sales to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

882,708

0

0

0

(a) Includes rent income of:

0

-

-

-

0

-

-

-

-

-

84,842

83,549

0

-

0

0

-

-

-

-

-

-

-

-

-

-

13,302

0

0

0

(b) Includes rent expense of:

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues from fuel sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

823,450

0

0

0

Cost of revenues from fuel sales to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

858,081

0

0

0

Cost of revenues from food and merchandise sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

(b) Includes rental expense of:

-

-

-

-

-

-

-

-

-

-

19,696

19,839

0

-

0

0

-

-

-

-

-

-

-

-

-

-

13,508

0

0

0

Subordinated units-basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,525

7,525

7,525

7,525