Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||||||||||
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Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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Revenues: | ||||||||||||||||
Total revenues | $ 2,388,163 | $ 2,469,141 | $ 4,460,617 | $ 4,557,517 | ||||||||||||
Operating expenses: | ||||||||||||||||
Fuel costs | 1,726,761 | 1,801,103 | 3,229,063 | 3,338,985 | ||||||||||||
Merchandise costs | 318,489 | 329,903 | 598,226 | 607,226 | ||||||||||||
Site operating expenses | 223,691 | 218,002 | 442,622 | 410,685 | ||||||||||||
General and administrative expenses | 42,436 | 42,660 | 84,594 | 83,076 | ||||||||||||
Depreciation and amortization | 33,577 | 32,837 | 65,293 | 61,236 | ||||||||||||
Total operating expenses | 2,344,954 | 2,424,505 | 4,419,798 | 4,501,208 | ||||||||||||
Other expenses, net | 261 | 4,956 | 2,737 | 7,676 | ||||||||||||
Operating income | 42,948 | 39,680 | 38,082 | 48,633 | ||||||||||||
Interest and other financial income | 3,384 | 2,428 | 25,297 | 9,630 | ||||||||||||
Interest and other financial expenses | (24,751) | (22,588) | (49,121) | (43,392) | ||||||||||||
Total Other Income Expenses | 21367.0 | 20160.0 | 23824.0 | 33762.0 | 0.0 | |||||||||||
Income before income taxes | 21,581 | 19,520 | 14,258 | 14,871 | ||||||||||||
Income tax expense | (7,546) | (5,014) | (839) | (2,856) | ||||||||||||
Income (loss) from equity investment | 28 | (27) | 50 | (63) | ||||||||||||
Net income | 14,063 | 14,479 | 13,469 | 11,952 | ||||||||||||
Less: Net income attributable to non-controlling interests | 0 | 48 | 0 | 101 | ||||||||||||
Net income attributable to ARKO Corp. | 14,063 | 14,431 | 13,469 | 11,851 | ||||||||||||
Series A redeemable preferred stock dividends | (1,445) | (1,434) | (2,859) | (2,852) | ||||||||||||
Net income attributable to common shareholders | $ 12,618 | $ 12,997 | $ 10,610 | $ 8,999 | ||||||||||||
Net income per share attributable to common shareholders - basic | $ 0.11 | $ 0.11 | $ 0.09 | $ 0.07 | ||||||||||||
Net income per share attributable to common shareholders - diluted | $ 0.11 | $ 0.11 | $ 0.09 | $ 0.07 | ||||||||||||
Weighted average shares outstanding: | ||||||||||||||||
Basic | 115,758 | 119,893 | 116,512 | 120,073 | ||||||||||||
Diluted | 116,880 | 121,280 | 117,073 | 120,767 | ||||||||||||
Supplemental information: | ||||||||||||||||
Includes excise tax of: | $ 301,030 | $ 307,244 | $ 573,230 | $ 571,499 | ||||||||||||
Fuel Revenue [Member] | ||||||||||||||||
Revenues: | ||||||||||||||||
Total revenues | 1,887,531 | 1,957,100 | 3,518,863 | 3,618,764 | ||||||||||||
Merchandise Revenue [Member] | ||||||||||||||||
Revenues: | ||||||||||||||||
Total revenues | 474,248 | 484,561 | 888,903 | 884,849 | ||||||||||||
Other Revenue [Member] | ||||||||||||||||
Revenues: | ||||||||||||||||
Total revenues | $ 26,384 | $ 27,480 | $ 52,851 | $ 53,904 |
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- Definition Fuel costs related to goods produced and sold and services rendered. No definition available.
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- Definition Merchandise costs. No definition available.
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- Definition Site operating expenses No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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