APC Q2 2015 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q2 2015 Earnings

Reported July 28, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2015	Q1 2015	Q2 2014	QoQ Change	YoY Change
Revenue	$2.6B	$2.3B	$4.4B	13.6%	-40.6%
Op. Income	$4.2B	-$4.2B	$1.2B	200.0%	248.1%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	2.3%	-139.4%	5.1%	141.7pp	-2.8pp
EPS (Diluted)	$0.12	$-6.38	$0.45	101.9%	-73.3%
Free Cash Flow	-$301M	-$6.5B	-$137M	95.3%	-119.7%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$0
GROSS PROFIT	$2.6B
R&D Expenses	$103M
Selling & Marketing	$598M
General & Administrative	-$320M
SG&A Expenses	$278M
Other Expenses	$427M
Operating Expenses	$808M
Cost & Expenses	$2.5B
OPERATING INCOME	$4.2B
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$420M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$77M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$1.2B
EBIT	$4.8B
EBITDA	$6.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$0
GROSS PROFIT	$2.6B
R&D Expenses	$103M
Selling & Marketing	$598M
General & Administrative	-$320M
SG&A Expenses	$278M
Other Expenses	$427M
Operating Expenses	$808M
Cost & Expenses	$2.5B
OPERATING INCOME	$4.2B
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$420M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$77M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$1.2B
EBIT	$4.8B
EBITDA	$6.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$7M
Deferred Income Tax	$11M
Other Non-Cash Items	-$854M
Change in Working Capital	$804M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.5B
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$687M
NET CASH FROM INVESTING	-$860M
Net Debt Issuance	$0
Common Stock Repurchased	$135M
Common Dividends Paid	-$138M
Other Financing Activities	-$382M
NET CASH FROM FINANCING	-$520M
FREE CASH FLOW	-$301M
Net Change in Cash	-$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$2.2B
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$37.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$675M
Other Non-Current Assets	$8.2B
TOTAL NON-CURRENT ASSETS	$46.7B
TOTAL ASSETS	$52.1B
Account Payables	$3.0B
Short-Term Debt	$33M
Deferred Revenue	$7.6B
Other Current Liabilities	-$6.0B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$16.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.6B
Other Non-Current Liabilities	$2.8B
TOTAL NON-CURRENT LIABILITIES	$26.4B
TOTAL LIABILITIES	$35.7B
Common Stock	$52M
Additional Paid-In Capital	$0
Retained Earnings	$8.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$496M
Other Equity	$8.2B
TOTAL STOCKHOLDERS' EQUITY	$16.4B
Minority Interest	$0
TOTAL EQUITY	$16.4B
TOTAL LIABILITIES & EQUITY	$52.1B
Total Debt	$16.1B
Net Debt	$13.9B