APC FY 2008 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2008 Earnings

Reported February 25, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.1B	—	—	—	—
Op. Income	$6.2B	—	—	—	—
Gross Margin	100.0%	—	—	—	—
Net Margin	301.1%	—	—	—	—
EPS (Diluted)	$6.84	—	—	—	—
Free Cash Flow	$1.6B	—	-$1.5B	—	211.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$0
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	-$216M
SG&A Expenses	$866M
Other Expenses	$1.1B
Operating Expenses	$1.9B
Cost & Expenses	$1.9B
OPERATING INCOME	$6.2B
Interest Income	$0
Interest Expense	-$742M
Other Income/Expenses	-$816M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$2.1B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$3.2B
EBIT	$4.6B
EBITDA	$7.9B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$0
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	-$216M
SG&A Expenses	$866M
Other Expenses	$1.1B
Operating Expenses	$1.9B
Cost & Expenses	$1.9B
OPERATING INCOME	$6.2B
Interest Income	$0
Interest Expense	-$742M
Other Income/Expenses	-$816M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$2.1B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$3.2B
EBIT	$4.6B
EBITDA	$7.9B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$3.2B
Stock-Based Compensation	$0
Deferred Income Tax	-$22M
Other Non-Cash Items	-$930M
Change in Working Capital	$944M
OPERATING CASH FLOW	$6.4B
Capital Expenditure	-$4.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2.3B
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$0
Common Stock Repurchased	-$631M
Common Dividends Paid	-$171M
Other Financing Activities	$169M
NET CASH FROM FINANCING	-$2M
FREE CASH FLOW	$1.6B
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$7.8B
Account Payables	$3.2B
Short-Term Debt	$0
Deferred Revenue	$10.0B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$13.1B
Long-Term Debt	$898M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$898M
TOTAL LIABILITIES	$48.9B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$14.2B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$34.7B
TOTAL STOCKHOLDERS' EQUITY	$48.9B
Minority Interest	$0
TOTAL EQUITY	$0
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$10.6B
Net Debt	$8.2B