10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001538849-15-000003 |
| Period End Date | 20150331 |
| Filing Date | 20150508 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | capl-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| AR Allowance |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$754.00K | USD | Point-in-time |
| AR Allowance |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$924.00K | USD | Point-in-time |
| Cash |
Cash
|
$15.17M | USD | Point-in-time |
| Cash |
Cash
|
$4.86M | USD | Point-in-time |
| Accounts receivable, net allowance of $924 and $754, respectively |
AccountsReceivableNetCurrent
|
$23.43M | USD | Point-in-time |
| Accounts receivable, net allowance of $924 and $754, respectively |
AccountsReceivableNetCurrent
|
$27.12M | USD | Point-in-time |
| shares issued |
GeneralPartnersCapitalAccountUnitsIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable from related parties |
AccountsReceivableRelatedPartiesCurrent
|
$14.90M | USD | Point-in-time |
| Accounts receivable from related parties |
AccountsReceivableRelatedPartiesCurrent
|
$11.69M | USD | Point-in-time |
| shares issued |
GeneralPartnersCapitalAccountUnitsIssued
|
1.50M | shares | Point-in-time |
| shares outstanding |
GeneralPartnersCapitalAccountUnitsOutstanding
|
0.00 | shares | Point-in-time |
| shares outstanding |
GeneralPartnersCapitalAccountUnitsOutstanding
|
1.50M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$12.07M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$19.78M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$3.02M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$2.58M | USD | Point-in-time |
| Other current assets, net |
OtherAssetsCurrent
|
$9.48M | USD | Point-in-time |
| Other current assets, net |
OtherAssetsCurrent
|
$7.97M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$76.12M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$75.96M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$478.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$391.50M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$77.78M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$87.84M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$86.03M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$40.33M | USD | Point-in-time |
| Deferred financing fees, net |
DeferredFinanceCostsNoncurrentNet
|
$6.51M | USD | Point-in-time |
| Deferred financing fees, net |
DeferredFinanceCostsNoncurrentNet
|
$6.88M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$9.36M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$12.03M | USD | Point-in-time |
| Total assets |
Assets
|
$604.65M | USD | Point-in-time |
| Total assets |
Assets
|
$743.91M | USD | Point-in-time |
| Current portion of debt and capital lease obligations |
LongTermDebtCurrent
|
$29.08M | USD | Point-in-time |
| Current portion of debt and capital lease obligations |
LongTermDebtCurrent
|
$8.28M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$33.58M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$44.81M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$22.87M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$21.33M | USD | Point-in-time |
| Motor fuel taxes payable |
TaxesPayableCurrent
|
$11.82M | USD | Point-in-time |
| Motor fuel taxes payable |
TaxesPayableCurrent
|
$10.04M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$94.03M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$87.78M | USD | Point-in-time |
| Debt and capital lease obligations, less current portion |
LongTermDebtNoncurrent
|
$397.88M | USD | Point-in-time |
| Debt and capital lease obligations, less current portion |
LongTermDebtNoncurrent
|
$261.28M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$23.69M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$45.03M | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$19.10M | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$19.73M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$15.95M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$16.04M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$566.36M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$414.15M | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| General Partner's Interest |
GeneralPartnersCapitalAccount
|
- | USD | Point-in-time |
| General Partner's Interest |
GeneralPartnersCapitalAccount
|
- | USD | Point-in-time |
| Total CrossAmerica Partners' Capital |
PartnersCapital
|
$190.52M | USD | Point-in-time |
| Total CrossAmerica Partners' Capital |
PartnersCapital
|
$177.60M | USD | Point-in-time |
| Noncontrolling interests |
PartnersCapitalAttributableToNoncontrollingInterest
|
$-50.00K | USD | Point-in-time |
| Noncontrolling interests |
PartnersCapitalAttributableToNoncontrollingInterest
|
$-31.00K | USD | Point-in-time |
| Total equity |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$177.55M | USD | Point-in-time |
| Total equity |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$190.49M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$604.65M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$743.91M | USD | Point-in-time |
Income Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Operating revenues (a) |
Revenues
|
$484.65M | USD | 1 Quarter |
| Operating revenues (a) |
Revenues
|
$482.02M | USD | 1 Quarter |
| Cost of sales (b) |
CostOfGoodsSold
|
$449.65M | USD | 1 Quarter |
| Cost of sales (b) |
CostOfGoodsSold
|
$465.35M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$35.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$16.67M | USD | 1 Quarter |
| Income from CST Fuel Supply equity |
IncomeLossFromEquityMethodInvestments
|
$1.10M | USD | 1 Quarter |
| Income from CST Fuel Supply equity |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$13.74M | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$2.17M | USD | 1 Quarter |
| General and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$4.53M | USD | 1 Quarter |
| General and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$11.32M | USD | 1 Quarter |
| Depreciation, amortization and accretion expense |
DepreciationDepletionAndAmortization
|
$5.97M | USD | 1 Quarter |
| Depreciation, amortization and accretion expense |
DepreciationDepletionAndAmortization
|
$11.50M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$36.56M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$12.66M | USD | 1 Quarter |
| Gain on sales of assets, net |
GainLossOnDispositionOfAssets1
|
$1.48M | USD | 1 Quarter |
| Gain on sales of assets, net |
GainLossOnDispositionOfAssets1
|
$30.00K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-433.00K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$5.49M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$59.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$104.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.28M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.03M | USD | 1 Quarter |
| Income (loss)before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-4.65M | USD | 1 Quarter |
| Income (loss)before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.56M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$-1.68M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$135.00K | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$-2.97M | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$1.43M | USD | 1 Quarter |
| Net loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-5.00K | USD | 1 Quarter |
| Net loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income (loss) attributable to CrossAmerica limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$-2.97M | USD | 1 Quarter |
| Net income (loss) attributable to CrossAmerica limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$1.43M | USD | 1 Quarter |
| Distributions to incentive distribution right holders |
IncentiveDistributionDistributionPerYear
|
$170.00K | USD | 1 Quarter |
| Distributions to incentive distribution right holders |
IncentiveDistributionDistributionPerYear
|
$31.00K | USD | 1 Quarter |
| Net income (loss) available to CrossAmerica limited partners |
NetIncomeLossAllocatedToGeneralPartners
|
$-3.14M | USD | 1 Quarter |
| Net income (loss) available to CrossAmerica limited partners |
NetIncomeLossAllocatedToGeneralPartners
|
$1.40M | USD | 1 Quarter |
| Basic earnings per common unit |
EarningsPerShareBasic
|
$0.07 | USD | 1 Quarter |
| Basic earnings per common unit |
EarningsPerShareBasic
|
$-0.13 | USD | 1 Quarter |
| Diluted earnings per common unit |
EarningsPerShareDiluted
|
$0.07 | USD | 1 Quarter |
| Diluted earnings per common unit |
EarningsPerShareDiluted
|
$-0.13 | USD | 1 Quarter |
| Basic and diluted earnings per subordinated unit |
EarningsPerShareBasicAndDiluted
|
$-0.13 | USD | 1 Quarter |
| Basic and diluted earnings per subordinated unit |
EarningsPerShareBasicAndDiluted
|
$0.07 | USD | 1 Quarter |
| Basic common units |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
11.12M | shares | 1 Quarter |
| Basic common units |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
16.94M | shares | 1 Quarter |
| Diluted common units (c) |
WeightedAverageLimitedPartnershipUnitsOutstandingDilutedduringLoss
|
17.06M | shares | 1 Quarter |
| Diluted common units (c) |
WeightedAverageLimitedPartnershipUnitsOutstandingDilutedduringLoss
|
11.16M | shares | 1 Quarter |
| Basic and diluted subordinated units (c) |
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
| Basic and diluted subordinated units (c) |
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
| Total diluted common and subordinated units(c) |
WeightedAverageDilutedCommonandSubordinatedUnits
|
18.68M | shares | 1 Quarter |
| Total diluted common and subordinated units(c) |
WeightedAverageDilutedCommonandSubordinatedUnits
|
24.58M | shares | 1 Quarter |
| (a) Includes excise taxes |
ExciseAndSalesTaxes
|
$8.31M | USD | 1 Quarter |
| (a) Includes excise taxes |
ExciseAndSalesTaxes
|
$20.51M | USD | 1 Quarter |
| (a) Includes revenues from fuel sales to related parties |
RevenueFromRelatedParties
|
$198.21M | USD | 1 Quarter |
| (a) Includes revenues from fuel sales to related parties |
RevenueFromRelatedParties
|
$98.92M | USD | 1 Quarter |
| (a) Includes income from rentals |
RentalIncome
|
$11.73M | USD | 1 Quarter |
| (a) Includes income from rentals |
RentalIncome
|
$10.70M | USD | 1 Quarter |
| (b) Includes expenses from fuel sales to related parties |
CostsAndExpensesRelatedParty
|
$96.04M | USD | 1 Quarter |
| (b) Includes expenses from fuel sales to related parties |
CostsAndExpensesRelatedParty
|
$194.63M | USD | 1 Quarter |
| (b) Includes expenses from rentals |
OperatingLeasesRentExpenseNet
|
$3.52M | USD | 1 Quarter |
| (b) Includes expenses from rentals |
OperatingLeasesRentExpenseNet
|
$3.81M | USD | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income (loss) |
ProfitLoss
|
$-2.97M | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$1.43M | USD | 1 Quarter |
| Depreciation, amortization and accretion expense |
DepreciationDepletionAndAmortization
|
$5.97M | USD | 1 Quarter |
| Depreciation, amortization and accretion expense |
DepreciationDepletionAndAmortization
|
$11.50M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$369.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$983.00K | USD | 1 Quarter |
| Amortization of below (above) market leases, net |
AmortizationOfAboveAndBelowMarketLeases
|
$183.00K | USD | 1 Quarter |
| Amortization of below (above) market leases, net |
AmortizationOfAboveAndBelowMarketLeases
|
$-8.00K | USD | 1 Quarter |
| Provision for losses on doubtful accounts |
ProvisionForDoubtfulAccounts
|
$175.00K | USD | 1 Quarter |
| Provision for losses on doubtful accounts |
ProvisionForDoubtfulAccounts
|
$68.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-6.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-2.74M | USD | 1 Quarter |
| Equity-based employee and director compensation expense |
ShareBasedCompensation
|
$914.00K | USD | 1 Quarter |
| Equity-based employee and director compensation expense |
ShareBasedCompensation
|
$2.94M | USD | 1 Quarter |
| Gain on sales of assets, net |
GainLossOnSaleOfProperties
|
$-1.48M | USD | 1 Quarter |
| Gain on sales of assets, net |
GainLossOnSaleOfProperties
|
$-30.00K | USD | 1 Quarter |
| Gain on settlement of capital lease obligations |
SettlementOfCapitalLeaseObligation
|
$-25.00K | USD | 1 Quarter |
| Gain on settlement of capital lease obligations |
SettlementOfCapitalLeaseObligation
|
$-97.00K | USD | 1 Quarter |
| Changes in working capital, net of acquisitions |
IncreaseDecreaseInOperatingCapital
|
$1.50M | USD | 1 Quarter |
| Changes in working capital, net of acquisitions |
IncreaseDecreaseInOperatingCapital
|
$-6.99M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$10.91M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$779.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$520.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.75M | USD | 1 Quarter |
| Principal payments received on notes receivable |
ProceedsFromCollectionOfNotesReceivable
|
$37.00K | USD | 1 Quarter |
| Principal payments received on notes receivable |
ProceedsFromCollectionOfNotesReceivable
|
$563.00K | USD | 1 Quarter |
| Cash paid in connection with acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$125.79M | USD | 1 Quarter |
| Cash paid in connection with acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Net cash used in by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.71M | USD | 1 Quarter |
| Net cash used in by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-125.75M | USD | 1 Quarter |
| Proceeds under the revolving credit facility |
ProceedsFromRepaymentsOfOtherLongTermDebt
|
$12.56M | USD | 1 Quarter |
| Proceeds under the revolving credit facility |
ProceedsFromRepaymentsOfOtherLongTermDebt
|
$117.80M | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$13.00K | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$12.00K | USD | 1 Quarter |
| Payments of capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$623.00K | USD | 1 Quarter |
| Payments of capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$671.00K | USD | 1 Quarter |
| Debt issuance cost |
PaymentsOfFinancingCosts
|
$3.13M | USD | 1 Quarter |
| Debt issuance cost |
PaymentsOfFinancingCosts
|
- | USD | 1 Quarter |
| Advances repaid by related parties |
ProceedsFromCollectionOfAdvanceToAffiliate
|
- | USD | 1 Quarter |
| Advances repaid by related parties |
ProceedsFromCollectionOfAdvanceToAffiliate
|
$873.00K | USD | 1 Quarter |
| Distributions paid to holders of incentive distribution rights |
PaymentsOfDistributionsToAffiliates
|
$170.00K | USD | 1 Quarter |
| Distributions paid to holders of incentive distribution rights |
PaymentsOfDistributionsToAffiliates
|
$31.00K | USD | 1 Quarter |
| Distributions paid to noncontrolling interests |
PaymentsOfDividendsMinorityInterest
|
- | USD | 1 Quarter |
| Distributions paid to noncontrolling interests |
PaymentsOfDividendsMinorityInterest
|
$14.00K | USD | 1 Quarter |
| Distributions paid on common and subordinated units |
PaymentsOfDividends
|
$13.27M | USD | 1 Quarter |
| Distributions paid on common and subordinated units |
PaymentsOfDividends
|
$9.59M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$104.53M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-832.00K | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.76M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-10.31M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.35M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.12M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.86M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.35M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.12M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.86M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.