APC FY 2010 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2010 Earnings

Reported February 23, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$11.0B	—	$657M	—	1571.8%
Op. Income	$1.8B	—	$377M	—	369.2%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	6.9%	—	-15.7%	—	22.6pp
EPS (Diluted)	$1.53	—	$-0.21	—	828.6%
Free Cash Flow	$239M	—	-$426M	—	156.1%

Revenue Flow

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$0
GROSS PROFIT	$11.0B
R&D Expenses	$974M
Selling & Marketing	$833M
General & Administrative	$149M
SG&A Expenses	$982M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$9.2B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$855M
Other Income/Expenses	-$128M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$820M
Net Income from Continuing Ops	$761M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$761M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$761M
D&A	$3.7B
EBIT	$2.5B
EBITDA	$6.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$0
GROSS PROFIT	$11.0B
R&D Expenses	$974M
Selling & Marketing	$833M
General & Administrative	$149M
SG&A Expenses	$982M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$9.2B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$855M
Other Income/Expenses	-$128M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$820M
Net Income from Continuing Ops	$761M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$761M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$761M
D&A	$3.7B
EBIT	$2.5B
EBITDA	$6.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$761M
Depreciation & Amortization	$3.7B
Stock-Based Compensation	$197M
Deferred Income Tax	$131M
Other Non-Cash Items	-$11.4B
Change in Working Capital	$11.8B
OPERATING CASH FLOW	$5.2B
Capital Expenditure	-$5.0B
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$0
Other Investing Activities	$86M
NET CASH FROM INVESTING	-$5.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$42M
Common Dividends Paid	-$180M
Other Financing Activities	$58M
NET CASH FROM FINANCING	-$122M
FREE CASH FLOW	$239M
Net Change in Cash	$149M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$38.0B
Goodwill	$5.3B
Intangible Assets	$0
Long-Term Investments	$70M
Tax Assets	$1.8B
Other Non-Current Assets	-$257M
TOTAL NON-CURRENT ASSETS	$44.9B
TOTAL ASSETS	$51.6B
Account Payables	$2.7B
Short-Term Debt	$291M
Deferred Revenue	$48M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$12.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.9B
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$26.0B
TOTAL LIABILITIES	$30.9B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$14.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$549M
Other Equity	$6.7B
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$51.6B
Total Debt	$13.0B
Net Debt	$9.3B