APC Q3 2010 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q3 2010 Earnings

Reported November 1, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2010	Q2 2010	Q3 2009	QoQ Change	YoY Change
Revenue	$2.5B	$2.6B	—	-2.1%	—
Op. Income	$196M	$377M	—	-48.0%	—
Gross Margin	100.0%	100.0%	—	0.0pp	—
Net Margin	27.1%	-1.1%	—	28.2pp	—
EPS (Diluted)	$1.40	$-0.06	—	2577.9%	—
Free Cash Flow	-$101M	$331M	—	-130.5%	—

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$0
GROSS PROFIT	$2.5B
R&D Expenses	$296M
Selling & Marketing	$643M
General & Administrative	-$368M
SG&A Expenses	$275M
Other Expenses	$0
Operating Expenses	$571M
Cost & Expenses	$2.4B
OPERATING INCOME	$196M
Interest Income	$0
Interest Expense	$218M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$94M
Net Income from Continuing Ops	$692M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$692M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$692M
D&A	$962M
EBIT	$304M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$0
GROSS PROFIT	$2.5B
R&D Expenses	$296M
Selling & Marketing	$643M
General & Administrative	-$368M
SG&A Expenses	$275M
Other Expenses	$0
Operating Expenses	$571M
Cost & Expenses	$2.4B
OPERATING INCOME	$196M
Interest Income	$0
Interest Expense	$218M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$94M
Net Income from Continuing Ops	$692M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$692M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$692M
D&A	$962M
EBIT	$304M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$692M
Depreciation & Amortization	$962M
Stock-Based Compensation	$0
Deferred Income Tax	$45M
Other Non-Cash Items	-$1.6B
Change in Working Capital	$971M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	-$6M
Sales/Maturities of Investments	$0
Other Investing Activities	$79M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$46M
Other Financing Activities	$898M
NET CASH FROM FINANCING	$852M
FREE CASH FLOW	-$101M
Net Change in Cash	$844M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.2B
Short-Term Investments	$0
Net Receivables	$848M
Inventory	$0
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$37.7B
Goodwill	$5.3B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$44.7B
TOTAL ASSETS	$51.8B
Account Payables	$2.9B
Short-Term Debt	$718M
Deferred Revenue	$9.8B
Other Current Liabilities	-$8.7B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$12.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.8B
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$26.0B
TOTAL LIABILITIES	$31.2B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$14.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$493M
Other Equity	$6.7B
TOTAL STOCKHOLDERS' EQUITY	$20.6B
Minority Interest	$0
TOTAL EQUITY	$20.6B
TOTAL LIABILITIES & EQUITY	$51.8B
Total Debt	$13.5B
Net Debt	$9.3B