APC Q4 2018 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

Q4 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$3.3B	$3.7B	$2.9B	-9.4%	14.3%
Op. Income	$270M	$979M	$573M	-72.4%	-52.9%
Gross Margin	91.0%	79.8%	100.0%	11.1pp	-9.0pp
Net Margin	3.0%	9.8%	33.3%	-6.8pp	-30.3pp
EPS (Diluted)	$0.20	$0.71	$1.78	-71.8%	-88.8%
Free Cash Flow	$335M	$33M	-$103M	915.2%	425.2%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$302M
GROSS PROFIT	$3.0B
R&D Expenses	$79M
Selling & Marketing	$425M
General & Administrative	-$155M
SG&A Expenses	$270M
Other Expenses	$316M
Operating Expenses	$665M
Cost & Expenses	$3.1B
OPERATING INCOME	$270M
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$90M
INCOME BEFORE TAX	$360M
Income Tax Expense	$226M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$1.1B
EBIT	$602M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$302M
GROSS PROFIT	$3.0B
R&D Expenses	$79M
Selling & Marketing	$425M
General & Administrative	-$155M
SG&A Expenses	$270M
Other Expenses	$316M
Operating Expenses	$665M
Cost & Expenses	$3.1B
OPERATING INCOME	$270M
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$90M
INCOME BEFORE TAX	$360M
Income Tax Expense	$226M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$1.1B
EBIT	$602M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$188M
Deferred Income Tax	-$1M
Other Non-Cash Items	$424M
Change in Working Capital	-$217M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	-$256M
Sales/Maturities of Investments	$0
Other Investing Activities	$228M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$0
Common Stock Repurchased	-$256M
Common Dividends Paid	-$148M
Other Financing Activities	-$723M
NET CASH FROM FINANCING	-$871M
FREE CASH FLOW	$335M
Net Change in Cash	-$564M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$28.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$34M
Other Non-Current Assets	$7.9B
TOTAL NON-CURRENT ASSETS	$36.6B
TOTAL ASSETS	$40.4B
Account Payables	$2.0B
Short-Term Debt	$947M
Deferred Revenue	$31M
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$15.5B
Deferred Revenue NC	$119M
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$22.0B
TOTAL LIABILITIES	$31.9B
Common Stock	$57M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$335M
Other Equity	$7.5B
TOTAL STOCKHOLDERS' EQUITY	$8.5B
Minority Interest	$0
TOTAL EQUITY	$8.5B
TOTAL LIABILITIES & EQUITY	$40.4B
Total Debt	$16.4B
Net Debt	$15.1B