APC Q3 2014 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q3 2014 Earnings

Reported October 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2014	Q2 2014	Q3 2013	QoQ Change	YoY Change
Revenue	$5.0B	$4.4B	$3.9B	12.9%	30.0%
Op. Income	$1.7B	$1.2B	$689M	40.4%	146.4%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	21.7%	5.1%	4.7%	16.6pp	17.0pp
EPS (Diluted)	$2.15	$0.45	$0.36	377.8%	497.2%
Free Cash Flow	$134M	-$137M	-$17M	197.8%	888.2%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$0
GROSS PROFIT	$5.0B
R&D Expenses	$199M
Selling & Marketing	$339M
General & Administrative	$42M
SG&A Expenses	$381M
Other Expenses	$479M
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$204M
Other Income/Expenses	$76M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$627M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.2B
EBIT	$1.5B
EBITDA	$3.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$0
GROSS PROFIT	$5.0B
R&D Expenses	$199M
Selling & Marketing	$339M
General & Administrative	$42M
SG&A Expenses	$381M
Other Expenses	$479M
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$204M
Other Income/Expenses	$76M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$627M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.2B
EBIT	$1.5B
EBITDA	$3.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$44M
Deferred Income Tax	-$398M
Other Non-Cash Items	-$2.1B
Change in Working Capital	$2.5B
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$2.2B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.4B
NET CASH FROM INVESTING	-$794M
Net Debt Issuance	$0
Common Stock Repurchased	-$3.0B
Common Dividends Paid	-$138M
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$134M
Net Change in Cash	$3.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.3B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$11.7B
PP&E (Net)	$41.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7.8B
TOTAL NON-CURRENT ASSETS	$48.9B
TOTAL ASSETS	$60.7B
Account Payables	$3.7B
Short-Term Debt	$793M
Deferred Revenue	$7.5B
Other Current Liabilities	-$975M
TOTAL CURRENT LIABILITIES	$11.0B
Long-Term Debt	$14.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.5B
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$25.7B
TOTAL LIABILITIES	$40.0B
Common Stock	$52M
Additional Paid-In Capital	$0
Retained Earnings	$12.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$267M
Other Equity	$8.3B
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$60.7B
Total Debt	$14.7B
Net Debt	$6.4B