APC Q1 2010 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q1 2010 Earnings

Reported May 4, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2010	Q4 2009	Q1 2009	QoQ Change	YoY Change
Revenue	$3.1B	—	—	—	—
Op. Income	$919M	—	—	—	—
Gross Margin	100.0%	—	—	—	—
Net Margin	22.8%	—	—	—	—
EPS (Diluted)	$1.44	—	—	—	—
Free Cash Flow	$139M	-$318M	—	143.7%	—

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$0
GROSS PROFIT	$3.1B
R&D Expenses	$155M
Selling & Marketing	$273M
General & Administrative	-$63M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$365M
Cost & Expenses	$2.2B
OPERATING INCOME	$919M
Interest Income	$0
Interest Expense	$224M
Other Income/Expenses	$326M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$517M
Net Income from Continuing Ops	$716M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$716M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$716M
D&A	$981M
EBIT	$1.5B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$0
GROSS PROFIT	$3.1B
R&D Expenses	$155M
Selling & Marketing	$273M
General & Administrative	-$63M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$365M
Cost & Expenses	$2.2B
OPERATING INCOME	$919M
Interest Income	$0
Interest Expense	$224M
Other Income/Expenses	$326M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$517M
Net Income from Continuing Ops	$716M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$716M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$716M
D&A	$981M
EBIT	$1.5B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$716M
Depreciation & Amortization	$981M
Stock-Based Compensation	$0
Deferred Income Tax	-$154M
Other Non-Cash Items	-$12.0B
Change in Working Capital	$11.8B
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	-$28M
Sales/Maturities of Investments	$0
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$28M
Common Dividends Paid	-$45M
Other Financing Activities	$81M
NET CASH FROM FINANCING	$36M
FREE CASH FLOW	$139M
Net Change in Cash	$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$1.6B
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$37.4B
Goodwill	$5.3B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$44.3B
TOTAL ASSETS	$50.7B
Account Payables	$2.4B
Short-Term Debt	$478M
Deferred Revenue	$10.0B
Other Current Liabilities	-$9.0B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$11.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10.0B
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$24.3B
TOTAL LIABILITIES	$30.0B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$14.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$522M
Other Equity	$6.6B
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$50.7B
Total Debt	$11.6B
Net Debt	$7.9B