SUN FY 2014 Earnings Report — Sunoco LP Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$5.4B	—	$4.5B	—	19.8%
Op. Income	$77M	—	$41M	—	86.8%
Gross Margin	2.8%	—	1.4%	—	1.4pp
Net Margin	1.1%	—	0.8%	—	0.2pp
EPS (Diluted)	$1.41	—	$1.69	—	-16.6%
Free Cash Flow	$110M	—	-$66M	—	267.8%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	$34M
Operating Expenses	$72M
Cost & Expenses	$5.3B
OPERATING INCOME	$77M
Interest Income	$139.0K
Interest Expense	$14M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$60M
Income Tax Expense	$2M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$57M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$49M
D&A	$27M
EBIT	$75M
EBITDA	$102M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	$34M
Operating Expenses	$72M
Cost & Expenses	$5.3B
OPERATING INCOME	$77M
Interest Income	$139.0K
Interest Expense	$14M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$60M
Income Tax Expense	$2M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$57M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$49M
D&A	$27M
EBIT	$75M
EBITDA	$102M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$96M
Stock-Based Compensation	$10M
Deferred Income Tax	-$925.0K
Other Non-Cash Items	-$124M
Change in Working Capital	$12M
OPERATING CASH FLOW	$353M
Capital Expenditure	-$243M
Acquisitions (Net)	-$803M
Purchases of Investments	-$844M
Sales/Maturities of Investments	$844M
Other Investing Activities	$1.1B
NET CASH FROM INVESTING	$6M
Net Debt Issuance	$492M
Common Stock Repurchased	$0
Common Dividends Paid	-$52M
Other Financing Activities	-$901M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$110M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$440M
Other Current Assets	$221M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$905M
Goodwill	$863M
Intangible Assets	$172M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$6.1B
Account Payables	$440M
Short-Term Debt	$14M
Deferred Revenue	$32M
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$745M
Long-Term Debt	$857M
Deferred Revenue NC	-$15M
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$906M
TOTAL LIABILITIES	$2.3B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1.1B
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	-$6M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$871M
Net Debt	$803M