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10-Q Filing

CROSSAMERICA PARTNERS LP CIK: 1538849 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001538849-17-000017
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance capl-20170331.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
AR Allowance AllowanceForDoubtfulAccountsReceivableCurrent $434.00K USD Point-in-time
AR Allowance AllowanceForDoubtfulAccountsReceivableCurrent $487.00K USD Point-in-time
Cash Cash $1.35M USD Point-in-time
Cash Cash $5.76M USD Point-in-time
Accounts receivable, net of allowances of $434 and $487, respectively AccountsReceivableNetCurrent $22.23M USD Point-in-time
Accounts receivable, net of allowances of $434 and $487, respectively AccountsReceivableNetCurrent $29.25M USD Point-in-time
Accounts receivable from related parties AccountsReceivableRelatedPartiesCurrent $12.97M USD Point-in-time
Accounts receivable from related parties AccountsReceivableRelatedPartiesCurrent $12.55M USD Point-in-time
Inventories InventoryNet $13.16M USD Point-in-time
Inventories InventoryNet $12.79M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $2.11M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $1.38M USD Point-in-time
Other current assets OtherAssetsCurrent $6.56M USD Point-in-time
Other current assets OtherAssetsCurrent $6.02M USD Point-in-time
Total current assets AssetsCurrent $65.41M USD Point-in-time
Total current assets AssetsCurrent $60.72M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $677.33M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $670.97M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $80.76M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $76.79M USD Point-in-time
Goodwill Goodwill $89.11M USD Point-in-time
Goodwill Goodwill $89.11M USD Point-in-time
Other assets OtherAssetsNoncurrent $19.75M USD Point-in-time
Other assets OtherAssetsNoncurrent $19.38M USD Point-in-time
Total assets Assets $917.34M USD Point-in-time
Total assets Assets $931.99M USD Point-in-time
Current portion of debt and capital lease obligations LongTermDebtCurrent $2.10M USD Point-in-time
Current portion of debt and capital lease obligations LongTermDebtCurrent $2.12M USD Point-in-time
Accounts payable AccountsPayableCurrent $32.06M USD Point-in-time
Accounts payable AccountsPayableCurrent $34.90M USD Point-in-time
Accounts payable to related parties AccountsPayableTradeCurrent $9.11M USD Point-in-time
Accounts payable to related parties AccountsPayableTradeCurrent $9.96M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $15.71M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $15.70M USD Point-in-time
Motor fuel taxes payable TaxesPayableCurrent $12.47M USD Point-in-time
Motor fuel taxes payable TaxesPayableCurrent $12.44M USD Point-in-time
Total current liabilities LiabilitiesCurrent $75.13M USD Point-in-time
Total current liabilities LiabilitiesCurrent $71.44M USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $472.79M USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $465.12M USD Point-in-time
Deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $39.74M USD Point-in-time
Deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $42.92M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $27.75M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $28.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $100.25M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $99.07M USD Point-in-time
Total liabilities Liabilities $711.18M USD Point-in-time
Total liabilities Liabilities $711.14M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total CrossAmerica Partners' Capital PartnersCapital $206.46M USD Point-in-time
Total CrossAmerica Partners' Capital PartnersCapital $221.04M USD Point-in-time
Noncontrolling interests PartnersCapitalAttributableToNoncontrollingInterest $-233.00K USD Point-in-time
Noncontrolling interests PartnersCapitalAttributableToNoncontrollingInterest $-256.00K USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $206.20M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $220.81M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $917.34M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $931.99M USD Point-in-time
Income Statement 65 line items
Line Item Tag Value Unit Period
Operating revenues (a) Revenues $469.29M USD 1 Quarter
Operating revenues (a) Revenues $367.74M USD 1 Quarter
Cost of sales (b) CostOfGoodsSold $431.84M USD 1 Quarter
Cost of sales (b) CostOfGoodsSold $330.55M USD 1 Quarter
Gross profit GrossProfit $37.19M USD 1 Quarter
Gross profit GrossProfit $37.45M USD 1 Quarter
Income from CST Fuel Supply equity interests IncomeLossFromEquityMethodInvestments $3.60M USD 1 Quarter
Income from CST Fuel Supply equity interests IncomeLossFromEquityMethodInvestments $4.05M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $15.41M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $15.26M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $5.82M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $7.00M USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $12.90M USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $14.35M USD 1 Quarter
Total operating expenses OperatingExpenses $35.32M USD 1 Quarter
Total operating expenses OperatingExpenses $35.42M USD 1 Quarter
Loss on sales of assets, net GainLossOnDispositionOfAssets1 $-44.00K USD 1 Quarter
Loss on sales of assets, net GainLossOnDispositionOfAssets1 $-4.00K USD 1 Quarter
Operating income OperatingIncomeLoss $5.92M USD 1 Quarter
Operating income OperatingIncomeLoss $5.58M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $118.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $118.00K USD 1 Quarter
Interest expense InterestExpense $6.70M USD 1 Quarter
Interest expense InterestExpense $5.07M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $974.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-795.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-2.70M USD 1 Quarter
Consolidated net income ProfitLoss $1.77M USD 1 Quarter
Consolidated net income ProfitLoss $1.70M USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.00K USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00K USD 1 Quarter
Net income attributable to CrossAmerica limited Partners NetIncomeLossAllocatedToLimitedPartners $1.77M USD 1 Quarter
Net income attributable to CrossAmerica limited Partners NetIncomeLossAllocatedToLimitedPartners $1.70M USD 1 Quarter
IDR distributions IncentiveDistributionDistributionPerYear $992.00K USD 1 Quarter
IDR distributions IncentiveDistributionDistributionPerYear $759.00K USD 1 Quarter
Net income available to CrossAmerica limited Partners NetIncomeLossAllocatedToGeneralPartners $1.01M USD 1 Quarter
Net income available to CrossAmerica limited Partners NetIncomeLossAllocatedToGeneralPartners $704.00K USD 1 Quarter
Basic earnings per common unit EarningsPerShareBasic $0.03 USD 1 Quarter
Basic earnings per common unit EarningsPerShareBasic $0.02 USD 1 Quarter
Diluted earnings per common unit EarningsPerShareDiluted $0.03 USD 1 Quarter
Diluted earnings per common unit EarningsPerShareDiluted $0.02 USD 1 Quarter
Basic and diluted earnings per subordinated unit EarningsPerShareBasicAndDiluted $0.03 USD 1 Quarter
Basic common units WeightedAverageLimitedPartnershipUnitsOutstanding 28.48M shares 1 Quarter
Basic common units WeightedAverageLimitedPartnershipUnitsOutstanding 33.59M shares 1 Quarter
Diluted common units WeightedAverageLimitedPartnershipUnitsOutstandingDilutedduringLoss 28.55M shares 1 Quarter
Diluted common units WeightedAverageLimitedPartnershipUnitsOutstandingDilutedduringLoss 33.62M shares 1 Quarter
Basic and diluted subordinated units WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 4.63M shares 1 Quarter
Basic and diluted subordinated units WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 0.00 shares 1 Quarter
Total diluted common and subordinated units WeightedAverageDilutedCommonandSubordinatedUnits 33.18M shares 1 Quarter
Total diluted common and subordinated units WeightedAverageDilutedCommonandSubordinatedUnits 33.62M shares 1 Quarter
Distribution paid per common and subordinated units DistributionsPerLimitedPartnershipUnitOutstanding $0.61 USD 1 Quarter
Distribution paid per common and subordinated units DistributionsPerLimitedPartnershipUnitOutstanding $0.59 USD 1 Quarter
Distribution declared (with respect to each respective period) per common and subordinated units DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit $0.62 USD 1 Quarter
Distribution declared (with respect to each respective period) per common and subordinated units DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit $0.60 USD 1 Quarter
(a) Includes excise taxes of: ExciseAndSalesTaxes $19.89M USD 1 Quarter
(a) Includes excise taxes of: ExciseAndSalesTaxes $18.55M USD 1 Quarter
(a) Includes revenues from fuel sales to related parties of: RevenueFromRelatedParties $84.83M USD 1 Quarter
(a) Includes revenues from fuel sales to related parties of: RevenueFromRelatedParties $73.31M USD 1 Quarter
(a) Includes income from rentals of: RentalIncome $19.53M USD 1 Quarter
(a) Includes income from rentals of: RentalIncome $21.44M USD 1 Quarter
(b) Includes expenses from fuel sales to related parties of: CostsAndExpensesRelatedParty $70.25M USD 1 Quarter
(b) Includes expenses from fuel sales to related parties of: CostsAndExpensesRelatedParty $81.97M USD 1 Quarter
(b) Includes expenses from rentals of: OperatingLeasesRentExpenseNet $4.75M USD 1 Quarter
(b) Includes expenses from rentals of: OperatingLeasesRentExpenseNet $4.79M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $1.77M USD 1 Quarter
Consolidated net income ProfitLoss $1.70M USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $12.90M USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $14.35M USD 1 Quarter
Amortization of deferred financing fees AmortizationOfFinancingCosts $369.00K USD 1 Quarter
Amortization of deferred financing fees AmortizationOfFinancingCosts $424.00K USD 1 Quarter
Amortization of below market leases, net AmortizationOfAboveAndBelowMarketLeases $29.00K USD 1 Quarter
Amortization of below market leases, net AmortizationOfAboveAndBelowMarketLeases $27.00K USD 1 Quarter
Provision for losses on doubtful accounts ProvisionForDoubtfulAccounts $24.00K USD 1 Quarter
Provision for losses on doubtful accounts ProvisionForDoubtfulAccounts $4.00K USD 1 Quarter
Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes $3.18M USD 1 Quarter
Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes $894.00K USD 1 Quarter
Equity-based employee and directors compensation expense ShareBasedCompensation $866.00K USD 1 Quarter
Equity-based employee and directors compensation expense ShareBasedCompensation $1.28M USD 1 Quarter
Amended Omnibus Agreement fees: settled in common units ProceedsFromOtherEquity $2.00M USD 1 Quarter
Amended Omnibus Agreement fees: settled in common units ProceedsFromOtherEquity $3.30M USD 1 Quarter
Loss on sales of assets, net GainLossOnSaleOfProperties $-44.00K USD 1 Quarter
Loss on sales of assets, net GainLossOnSaleOfProperties $-4.00K USD 1 Quarter
Changes in working capital, net of acquisitions IncreaseDecreaseInOperatingCapital $-1.09M USD 1 Quarter
Changes in working capital, net of acquisitions IncreaseDecreaseInOperatingCapital $-4.24M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $18.57M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $21.77M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $342.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $47.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $3.50M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $2.52M USD 1 Quarter
Principal payments received on notes receivable ProceedsFromCollectionOfNotesReceivable $64.00K USD 1 Quarter
Principal payments received on notes receivable ProceedsFromCollectionOfNotesReceivable $18.00K USD 1 Quarter
Cash paid in connection with acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash paid in connection with acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $52.26M USD 1 Quarter
Cash paid to CST in connection with acquisitions PaymentsToAcquireLimitedPartnershipInterests - USD 1 Quarter
Cash paid to CST in connection with acquisitions PaymentsToAcquireLimitedPartnershipInterests $2.90M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-58.59M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.11M USD 1 Quarter
Borrowings under the revolving credit facility ProceedsFromRepaymentsOfOtherLongTermDebt $90.31M USD 1 Quarter
Borrowings under the revolving credit facility ProceedsFromRepaymentsOfOtherLongTermDebt $31.03M USD 1 Quarter
Repayments on the revolving credit facility RepaymentsOfLinesOfCredit $24.03M USD 1 Quarter
Repayments on the revolving credit facility RepaymentsOfLinesOfCredit $25.66M USD 1 Quarter
Repurchases of common units PaymentsForRepurchaseOfCommonStock $2.75M USD 1 Quarter
Repurchases of common units PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payments of long-term debt and capital lease obligations RepaymentsOfLongTermDebt $495.00K USD 1 Quarter
Payments of long-term debt and capital lease obligations RepaymentsOfLongTermDebt $489.00K USD 1 Quarter
Payments of sale leaseback obligations SaleLeasebackTransactionTransactionCostsFinancingActivities $201.00K USD 1 Quarter
Payments of sale leaseback obligations SaleLeasebackTransactionTransactionCostsFinancingActivities $173.00K USD 1 Quarter
Distributions paid on distribution equivalent rights PaymentsOfCapitalDistribution $7.00K USD 1 Quarter
Distributions paid on distribution equivalent rights PaymentsOfCapitalDistribution $13.00K USD 1 Quarter
Distributions paid to holders of the IDRs PaymentsOfDividends $992.00K USD 1 Quarter
Distributions paid to holders of the IDRs PaymentsOfDividends $759.00K USD 1 Quarter
Distributions paid to noncontrolling interests PaymentsOfDividendsMinorityInterest $37.00K USD 1 Quarter
Distributions paid to noncontrolling interests PaymentsOfDividendsMinorityInterest $24.00K USD 1 Quarter
Distributions paid on common and subordinated units PaymentsOfOrdinaryDividends $20.53M USD 1 Quarter
Distributions paid on common and subordinated units PaymentsOfOrdinaryDividends $19.62M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $40.81M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-15.25M USD 1 Quarter
Net increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $4.41M USD 1 Quarter
Net increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $783.00K USD 1 Quarter
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $1.19M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $5.76M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $1.35M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $1.98M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $1.19M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $5.76M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $1.35M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $1.98M USD Point-in-time
Stockholders Equity 6 line items
Line Item Tag Value Unit Period
Partners' Capital, Including Portion Attributable to Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $206.20M USD Point-in-time
Partners' Capital, Including Portion Attributable to Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $220.81M USD Point-in-time
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $1.77M USD 1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $1.70M USD 1 Quarter
Payments to Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests - USD 1 Quarter
Payments to Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests $2.90M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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