APC FY 2011 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2011 Earnings

Reported February 21, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$14.0B	—	$11.0B	—	27.2%
Op. Income	-$1.9B	—	$1.8B	—	-205.7%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	-19.0%	—	6.9%	—	-25.9pp
EPS (Diluted)	$-5.32	—	$1.53	—	-447.7%
Free Cash Flow	-$3.1B	—	$239M	—	-1415.9%

Income Statement

Item	Amount
REVENUE	$14.0B
Cost of Revenue	$0
GROSS PROFIT	$14.0B
R&D Expenses	$1.1B
Selling & Marketing	$1.0B
General & Administrative	$12M
SG&A Expenses	$1.1B
Other Expenses	$839M
Operating Expenses	$3.0B
Cost & Expenses	$15.8B
OPERATING INCOME	-$1.9B
Interest Income	$0
Interest Expense	$839M
Other Income/Expenses	-$1.6B
INCOME BEFORE TAX	-$3.4B
Income Tax Expense	-$856M
Net Income from Continuing Ops	-$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$2.6B
D&A	$3.8B
EBIT	-$2.6B
EBITDA	$1.2B
EPS	-$5
EPS Diluted	-$5

Cash Flow Statement

Item	Amount
Net Income	-$2.6B
Depreciation & Amortization	$3.8B
Stock-Based Compensation	$215M
Deferred Income Tax	$1.5B
Other Non-Cash Items	$185M
Change in Working Capital	-$529M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$5.7B
Acquisitions (Net)	-$802M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$477M
NET CASH FROM INVESTING	-$6.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.7B
Common Dividends Paid	-$181M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$2.5B
FREE CASH FLOW	-$3.1B
Net Change in Cash	-$983M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.7B
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$3.0B
TOTAL CURRENT ASSETS	$6.9B
PP&E (Net)	$37.5B
Goodwill	$5.8B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.4B
Other Non-Current Assets	$136M
TOTAL NON-CURRENT ASSETS	$44.8B
TOTAL ASSETS	$51.8B
Account Payables	$3.3B
Short-Term Debt	$170M
Deferred Revenue	$8.5B
Other Current Liabilities	-$7.0B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$15.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.5B
Other Non-Current Liabilities	$2.6B
TOTAL NON-CURRENT LIABILITIES	$26.2B
TOTAL LIABILITIES	$33.7B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$11.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$612M
Other Equity	$7.0B
TOTAL STOCKHOLDERS' EQUITY	$18.1B
Minority Interest	$0
TOTAL EQUITY	$18.1B
TOTAL LIABILITIES & EQUITY	$51.8B
Total Debt	$15.2B
Net Debt	$12.5B