APC Q4 2010 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q4 2010 Earnings

Reported February 23, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2010	Q3 2010	Q4 2009	QoQ Change	YoY Change
Revenue	$2.7B	$2.5B	—	5.5%	—
Op. Income	$277M	$196M	—	41.3%	—
Gross Margin	100.0%	100.0%	—	0.0pp	—
Net Margin	4.1%	27.1%	—	-23.0pp	—
EPS (Diluted)	$0.22	$1.40	—	-84.3%	—
Free Cash Flow	-$3.7B	-$101M	-$318M	-3556.4%	-1061.3%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$0
GROSS PROFIT	$2.7B
R&D Expenses	$325M
Selling & Marketing	$833M
General & Administrative	-$539M
SG&A Expenses	$294M
Other Expenses	$0
Operating Expenses	$619M
Cost & Expenses	$2.4B
OPERATING INCOME	$277M
Interest Income	$0
Interest Expense	$213M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$289M
Income Tax Expense	$160M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$869M
EBIT	$502M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$0
GROSS PROFIT	$2.7B
R&D Expenses	$325M
Selling & Marketing	$833M
General & Administrative	-$539M
SG&A Expenses	$294M
Other Expenses	$0
Operating Expenses	$619M
Cost & Expenses	$2.4B
OPERATING INCOME	$277M
Interest Income	$0
Interest Expense	$213M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$289M
Income Tax Expense	$160M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$869M
EBIT	$502M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$869M
Stock-Based Compensation	$197M
Deferred Income Tax	-$11M
Other Non-Cash Items	-$36M
Change in Working Capital	$185M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$5.0B
Acquisitions (Net)	$0
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	$3.6B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$7M
Common Dividends Paid	-$44M
Other Financing Activities	-$391M
NET CASH FROM FINANCING	-$435M
FREE CASH FLOW	-$3.7B
Net Change in Cash	-$538M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$38.0B
Goodwill	$5.3B
Intangible Assets	$0
Long-Term Investments	$70M
Tax Assets	$1.8B
Other Non-Current Assets	-$257M
TOTAL NON-CURRENT ASSETS	$44.9B
TOTAL ASSETS	$51.6B
Account Payables	$2.7B
Short-Term Debt	$291M
Deferred Revenue	$48M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$12.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.9B
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$26.0B
TOTAL LIABILITIES	$30.9B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$14.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$549M
Other Equity	$6.7B
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$51.6B
Total Debt	$13.0B
Net Debt	$9.3B