APC Q4 2013 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q4 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2013	Q3 2013	Q4 2012	QoQ Change	YoY Change
Revenue	$3.3B	$3.9B	$3.4B	-13.4%	-2.1%
Op. Income	$215M	$689M	$488M	-68.8%	-55.9%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	28.2%	4.7%	6.0%	23.5pp	22.2pp
EPS (Diluted)	$1.86	$0.36	$0.40	416.7%	365.0%
Free Cash Flow	-$290M	-$17M	$426M	-1605.9%	-168.1%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$615M
Selling & Marketing	$1.0B
General & Administrative	-$736M
SG&A Expenses	$303M
Other Expenses	$496M
Operating Expenses	$1.4B
Cost & Expenses	$3.1B
OPERATING INCOME	$215M
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	$1.9B
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$941M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$941M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$941M
D&A	$969M
EBIT	$2.3B
EBITDA	$3.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$615M
Selling & Marketing	$1.0B
General & Administrative	-$736M
SG&A Expenses	$303M
Other Expenses	$496M
Operating Expenses	$1.4B
Cost & Expenses	$3.1B
OPERATING INCOME	$215M
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	$1.9B
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$941M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$941M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$941M
D&A	$969M
EBIT	$2.3B
EBITDA	$3.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$941M
Depreciation & Amortization	$969M
Stock-Based Compensation	$155M
Deferred Income Tax	-$137M
Other Non-Cash Items	$1.2B
Change in Working Capital	-$997M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$2.4B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$57M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$0
Common Stock Repurchased	$241M
Common Dividends Paid	-$92M
Other Financing Activities	$84M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	-$290M
Net Change in Cash	-$241M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$40.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.5B
Other Non-Current Assets	$6.3B
TOTAL NON-CURRENT ASSETS	$48.7B
TOTAL ASSETS	$55.8B
Account Payables	$3.5B
Short-Term Debt	$500M
Deferred Revenue	$9.2B
Other Current Liabilities	-$7.6B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$13.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.2B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$24.0B
TOTAL LIABILITIES	$33.9B
Common Stock	$52M
Additional Paid-In Capital	$0
Retained Earnings	$14.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$285M
Other Equity	$7.7B
TOTAL STOCKHOLDERS' EQUITY	$21.9B
Minority Interest	$0
TOTAL EQUITY	$21.9B
TOTAL LIABILITIES & EQUITY	$55.8B
Total Debt	$13.6B
Net Debt	$9.9B