APC Q3 2018 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q3 2018 Earnings

Reported October 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$3.7B	$3.3B	$2.5B	12.3%	48.1%
Op. Income	$979M	$819M	-$775M	19.5%	226.3%
Gross Margin	79.8%	100.0%	100.0%	-20.2pp	-20.2pp
Net Margin	9.8%	0.9%	-50.1%	8.9pp	59.9pp
EPS (Diluted)	$0.71	$0.06	$-2.26	1154.4%	131.4%
Free Cash Flow	$33M	-$505M	-$603M	106.5%	105.5%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$745M
GROSS PROFIT	$3.0B
R&D Expenses	$118M
Selling & Marketing	$421M
General & Administrative	-$173M
SG&A Expenses	$248M
Other Expenses	-$285M
Operating Expenses	$81M
Cost & Expenses	$2.7B
OPERATING INCOME	$979M
Interest Income	$0
Interest Expense	$240M
Other Income/Expenses	-$296M
INCOME BEFORE TAX	$683M
Income Tax Expense	$256M
Net Income from Continuing Ops	$363M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$363M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$363M
D&A	$1.1B
EBIT	$923M
EBITDA	$2.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$745M
GROSS PROFIT	$3.0B
R&D Expenses	$118M
Selling & Marketing	$421M
General & Administrative	-$173M
SG&A Expenses	$248M
Other Expenses	-$285M
Operating Expenses	$81M
Cost & Expenses	$2.7B
OPERATING INCOME	$979M
Interest Income	$0
Interest Expense	$240M
Other Income/Expenses	-$296M
INCOME BEFORE TAX	$683M
Income Tax Expense	$256M
Net Income from Continuing Ops	$363M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$363M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$363M
D&A	$1.1B
EBIT	$923M
EBITDA	$2.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$363M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	-$110M
Other Non-Cash Items	$115M
Change in Working Capital	$149M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.6B
Acquisitions (Net)	$0
Purchases of Investments	-$503M
Sales/Maturities of Investments	$0
Other Investing Activities	$511M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$0
Common Stock Repurchased	-$503M
Common Dividends Paid	-$126M
Other Financing Activities	-$354M
NET CASH FROM FINANCING	-$480M
FREE CASH FLOW	$33M
Net Change in Cash	-$439M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$944M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$28.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7.9B
TOTAL NON-CURRENT ASSETS	$36.7B
TOTAL ASSETS	$41.1B
Account Payables	$2.1B
Short-Term Debt	$938M
Deferred Revenue	$23M
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$15.8B
Deferred Revenue NC	$128M
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$22.4B
TOTAL LIABILITIES	$32.4B
Common Stock	$57M
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$383M
Other Equity	$7.7B
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$0
TOTAL EQUITY	$8.7B
TOTAL LIABILITIES & EQUITY	$41.1B
Total Debt	$16.7B
Net Debt	$14.8B