APC FY 2014 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$18.5B	—	$14.6B	—	26.7%
Op. Income	$5.4B	—	$3.3B	—	62.1%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	-9.5%	—	5.5%	—	-15.0pp
EPS (Diluted)	$-3.46	—	$1.59	—	-317.6%
Free Cash Flow	-$1.0B	—	$1.2B	—	-189.3%

Income Statement

Item	Amount
REVENUE	$18.5B
Cost of Revenue	$0
GROSS PROFIT	$18.5B
R&D Expenses	$1.6B
Selling & Marketing	$1.2B
General & Administrative	$110M
SG&A Expenses	$1.3B
Other Expenses	$1.9B
Operating Expenses	$4.9B
Cost & Expenses	$13.1B
OPERATING INCOME	$5.4B
Interest Income	$0
Interest Expense	$772M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$1.6B
Net Income from Continuing Ops	-$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$1.8B
D&A	$4.5B
EBIT	$826M
EBITDA	$5.2B
EPS	-$3
EPS Diluted	-$3

Cash Flow Statement

Item	Amount
Net Income	-$1.8B
Depreciation & Amortization	$4.5B
Stock-Based Compensation	$325M
Deferred Income Tax	$147M
Other Non-Cash Items	$5.6B
Change in Working Capital	-$418M
OPERATING CASH FLOW	$8.5B
Capital Expenditure	-$9.5B
Acquisitions (Net)	-$1.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4.6B
NET CASH FROM INVESTING	-$6.5B
Net Debt Issuance	$0
Common Stock Repurchased	-$7.4B
Common Dividends Paid	-$505M
Other Financing Activities	$2.2B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	-$1.0B
Net Change in Cash	$3.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.4B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$2.7B
TOTAL CURRENT ASSETS	$11.2B
PP&E (Net)	$41.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.5B
Other Non-Current Assets	$7.3B
TOTAL NON-CURRENT ASSETS	$50.5B
TOTAL ASSETS	$61.7B
Account Payables	$3.7B
Short-Term Debt	$152M
Deferred Revenue	$9.2B
Other Current Liabilities	-$2.9B
TOTAL CURRENT LIABILITIES	$10.2B
Long-Term Debt	$15.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.2B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$27.3B
TOTAL LIABILITIES	$42.0B
Common Stock	$52M
Additional Paid-In Capital	$0
Retained Earnings	$12.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$517M
Other Equity	$8.1B
TOTAL STOCKHOLDERS' EQUITY	$19.7B
Minority Interest	$0
TOTAL EQUITY	$19.7B
TOTAL LIABILITIES & EQUITY	$61.7B
Total Debt	$15.1B
Net Debt	$7.7B