APC FY 2023 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2023 Earnings

Reported December 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$7.0B	—	$7.1B	—	-1.7%
Op. Income	$90M	—	$93M	—	-3.6%
Gross Margin	2.6%	—	2.2%	—	0.3pp
Net Margin	0.6%	—	0.8%	—	-0.2pp
EPS (Diluted)	$0.00	—	$0.00	—	NaN%
Free Cash Flow	$47M	—	$63M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$6.8B
GROSS PROFIT	$178M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$47M
Operating Expenses	$89M
Cost & Expenses	$6.9B
OPERATING INCOME	$90M
Interest Income	$16.0K
Interest Expense	$35M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$54M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$44M
EBIT	$90M
EBITDA	$134M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$6.8B
GROSS PROFIT	$178M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$47M
Operating Expenses	$89M
Cost & Expenses	$6.9B
OPERATING INCOME	$90M
Interest Income	$16.0K
Interest Expense	$35M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$54M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$44M
EBIT	$90M
EBITDA	$134M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$44M
Stock-Based Compensation	$608.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$6M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$12M
Acquisitions (Net)	-$136M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$68M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$93M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$67M
NET CASH FROM FINANCING	$25M
FREE CASH FLOW	$47M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$137M
Inventory	$27M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$194M
PP&E (Net)	$427M
Goodwill	$77M
Intangible Assets	$196M
Long-Term Investments	$0
Tax Assets	$69M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$822M
TOTAL ASSETS	$1.0B
Account Payables	$104M
Short-Term Debt	$0
Deferred Revenue	$5M
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$192M
Long-Term Debt	$337M
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$100M
TOTAL NON-CURRENT LIABILITIES	$717M
TOTAL LIABILITIES	$910M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$106M
TOTAL STOCKHOLDERS' EQUITY	$106M
Minority Interest	$16.0K
TOTAL EQUITY	$106M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$605M
Net Debt	$587M