APC Q2 2018 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q2 2018 Earnings

Reported July 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$3.3B	$3.0B	$2.7B	8.1%	21.2%
Op. Income	$819M	$551M	-$125M	48.6%	755.2%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	0.9%	4.0%	-12.3%	-3.1pp	13.2pp
EPS (Diluted)	$0.06	$0.23	$-0.61	-75.4%	109.3%
Free Cash Flow	-$505M	-$117M	-$245M	-331.6%	-106.1%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$94M
Selling & Marketing	$382M
General & Administrative	-$94M
SG&A Expenses	$288M
Other Expenses	$534M
Operating Expenses	$916M
Cost & Expenses	$2.5B
OPERATING INCOME	$819M
Interest Income	$0
Interest Expense	$237M
Other Income/Expenses	$0
INCOME BEFORE TAX	$142M
Income Tax Expense	$125M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$1.0B
EBIT	$379M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$94M
Selling & Marketing	$382M
General & Administrative	-$94M
SG&A Expenses	$288M
Other Expenses	$534M
Operating Expenses	$916M
Cost & Expenses	$2.5B
OPERATING INCOME	$819M
Interest Income	$0
Interest Expense	$237M
Other Income/Expenses	$0
INCOME BEFORE TAX	$142M
Income Tax Expense	$125M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$1.0B
EBIT	$379M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$0
Deferred Income Tax	$22M
Other Non-Cash Items	$1.8B
Change in Working Capital	-$1.6B
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.7B
Acquisitions (Net)	$0
Purchases of Investments	-$14M
Sales/Maturities of Investments	$0
Other Investing Activities	-$214M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$14M
Common Dividends Paid	-$127M
Other Financing Activities	-$192M
NET CASH FROM FINANCING	-$319M
FREE CASH FLOW	-$505M
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$28.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7.9B
TOTAL NON-CURRENT ASSETS	$36.4B
TOTAL ASSETS	$41.1B
Account Payables	$2.2B
Short-Term Debt	$938M
Deferred Revenue	$37M
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$15.4B
Deferred Revenue NC	$129M
Deferred Tax Liabilities	$2.3B
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$21.8B
TOTAL LIABILITIES	$32.2B
Common Stock	$57M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$410M
Other Equity	$8.2B
TOTAL STOCKHOLDERS' EQUITY	$8.9B
Minority Interest	$0
TOTAL EQUITY	$8.9B
TOTAL LIABILITIES & EQUITY	$41.1B
Total Debt	$16.3B
Net Debt	$14.0B