APC Q1 2013 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q1 2013 Earnings

Reported May 6, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2013	Q4 2012	Q1 2012	QoQ Change	YoY Change
Revenue	$3.9B	$3.4B	$3.4B	14.2%	12.9%
Op. Income	$1.3B	$488M	$2.7B	164.1%	-52.3%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	11.8%	6.0%	62.5%	5.9pp	-50.7pp
EPS (Diluted)	$0.91	$0.40	$4.30	127.5%	-78.8%
Free Cash Flow	$793M	$426M	$188M	86.2%	321.8%

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$0
GROSS PROFIT	$3.9B
R&D Expenses	$264M
Selling & Marketing	$231M
General & Administrative	$41M
SG&A Expenses	$272M
Other Expenses	$411M
Operating Expenses	$947M
Cost & Expenses	$2.6B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$164M
Other Income/Expenses	-$9.1B
INCOME BEFORE TAX	-$7.8B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$460M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$460M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$460M
D&A	$1.0B
EBIT	$4.0B
EBITDA	$5.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$460M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$0
Deferred Income Tax	$162M
Other Non-Cash Items	$422M
Change in Working Capital	$437M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$1.7B
Acquisitions (Net)	-$135M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$228M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$0
Common Stock Repurchased	-$3.7B
Common Dividends Paid	-$46M
Other Financing Activities	$429M
NET CASH FROM FINANCING	$383M
FREE CASH FLOW	$793M
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$7.3B
PP&E (Net)	$39.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7.3B
TOTAL NON-CURRENT ASSETS	$46.3B
TOTAL ASSETS	$53.6B
Account Payables	$2.9B
Short-Term Debt	$385M
Deferred Revenue	$9.0B
Other Current Liabilities	-$8.2B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$13.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.0B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$25.7B
TOTAL LIABILITIES	$32.5B
Common Stock	$52M
Additional Paid-In Capital	$0
Retained Earnings	$14.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$619M
Other Equity	$7.4B
TOTAL STOCKHOLDERS' EQUITY	$21.1B
Minority Interest	$0
TOTAL EQUITY	$21.1B
TOTAL LIABILITIES & EQUITY	$53.6B
Total Debt	$14.0B
Net Debt	$10.3B