APC Q4 2012 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q4 2012 Earnings

Reported February 19, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2012	Q3 2012	Q4 2011	QoQ Change	YoY Change
Revenue	$3.4B	$3.3B	$3.8B	2.3%	-11.2%
Op. Income	$488M	$816M	-$141M	-40.2%	446.1%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	6.0%	3.6%	-8.8%	2.3pp	14.8pp
EPS (Diluted)	$0.40	$0.24	$-0.68	66.7%	158.8%
Free Cash Flow	$426M	$334M	-$3.6B	27.5%	111.7%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$0
GROSS PROFIT	$3.4B
R&D Expenses	$284M
Selling & Marketing	$911M
General & Administrative	-$481M
SG&A Expenses	$430M
Other Expenses	$425M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$488M
Interest Income	$0
Interest Expense	$181M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$546M
Income Tax Expense	$356M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$1.0B
EBIT	$727M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$0
GROSS PROFIT	$3.4B
R&D Expenses	$284M
Selling & Marketing	$911M
General & Administrative	-$481M
SG&A Expenses	$430M
Other Expenses	$425M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$488M
Interest Income	$0
Interest Expense	$181M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$546M
Income Tax Expense	$356M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$1.0B
EBIT	$727M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$203M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$320M
Deferred Income Tax	-$159M
Other Non-Cash Items	$527M
Change in Working Capital	$301M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$121M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	$61M
Common Dividends Paid	-$45M
Other Financing Activities	-$557M
NET CASH FROM FINANCING	-$602M
FREE CASH FLOW	$426M
Net Change in Cash	-$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$2.9B
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$38.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.8B
Other Non-Current Assets	$5.6B
TOTAL NON-CURRENT ASSETS	$45.8B
TOTAL ASSETS	$52.6B
Account Payables	$3.0B
Short-Term Debt	$38M
Deferred Revenue	$8.8B
Other Current Liabilities	-$7.8B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$13.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.8B
Other Non-Current Liabilities	$3.1B
TOTAL NON-CURRENT LIABILITIES	$25.1B
TOTAL LIABILITIES	$32.0B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$13.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$640M
Other Equity	$7.4B
TOTAL STOCKHOLDERS' EQUITY	$20.6B
Minority Interest	$0
TOTAL EQUITY	$20.6B
TOTAL LIABILITIES & EQUITY	$52.6B
Total Debt	$13.3B
Net Debt	$10.8B