APC Q3 2012 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q3 2012 Earnings

Reported October 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2012	Q2 2012	Q3 2011	QoQ Change	YoY Change
Revenue	$3.3B	$3.2B	$3.2B	3.4%	4.2%
Op. Income	$816M	-$279M	-$7.4B	392.5%	111.0%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	3.6%	-2.2%	-69.7%	5.8pp	73.3pp
EPS (Diluted)	$0.24	$-0.14	$-4.48	271.4%	105.4%
Free Cash Flow	$334M	$149M	$155M	124.2%	115.5%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$297M
Selling & Marketing	$218M
General & Administrative	$67M
SG&A Expenses	$285M
Other Expenses	$917M
Operating Expenses	$1.5B
Cost & Expenses	$2.5B
OPERATING INCOME	$816M
Interest Income	$0
Interest Expense	$185M
Other Income/Expenses	$0
INCOME BEFORE TAX	$390M
Income Tax Expense	$248M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$979M
EBIT	$575M
EBITDA	$1.5B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$297M
Selling & Marketing	$218M
General & Administrative	$67M
SG&A Expenses	$285M
Other Expenses	$917M
Operating Expenses	$1.5B
Cost & Expenses	$2.5B
OPERATING INCOME	$816M
Interest Income	$0
Interest Expense	$185M
Other Income/Expenses	$0
INCOME BEFORE TAX	$390M
Income Tax Expense	$248M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$979M
EBIT	$575M
EBITDA	$1.5B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$979M
Stock-Based Compensation	$0
Deferred Income Tax	-$48M
Other Non-Cash Items	$1.2B
Change in Working Capital	-$47M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.9B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$106M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$0
Common Stock Repurchased	$262M
Common Dividends Paid	-$45M
Other Financing Activities	-$649M
NET CASH FROM FINANCING	-$694M
FREE CASH FLOW	$334M
Net Change in Cash	-$262M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$3.4B
TOTAL CURRENT ASSETS	$7.3B
PP&E (Net)	$38.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7.4B
TOTAL NON-CURRENT ASSETS	$45.4B
TOTAL ASSETS	$52.7B
Account Payables	$2.9B
Short-Term Debt	$1.0B
Deferred Revenue	$8.7B
Other Current Liabilities	-$7.8B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$13.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.7B
Other Non-Current Liabilities	$2.9B
TOTAL NON-CURRENT LIABILITIES	$24.8B
TOTAL LIABILITIES	$32.3B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$13.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$561M
Other Equity	$7.2B
TOTAL STOCKHOLDERS' EQUITY	$20.4B
Minority Interest	$0
TOTAL EQUITY	$20.4B
TOTAL LIABILITIES & EQUITY	$52.7B
Total Debt	$14.1B
Net Debt	$11.6B