XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated and Combined Income Statements - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues                      
Petroleum product sales [1]                 $ 10,304,689 $ 14,728,527 $ 15,560,317
Merchandise sales                 2,273,888 2,161,378 2,159,466
Other operating revenues                 120,834 96,109 94,298
Total revenues $ 2,928,200 $ 3,382,500 $ 3,468,000 $ 2,920,700 $ 3,554,000 $ 4,622,600 $ 4,693,900 $ 4,115,500 12,699,411 16,986,014 17,814,081
Costs and operating expenses                      
Petroleum product cost of goods sold [1]                 9,794,475 14,074,579 15,009,955
Merchandise cost of goods sold                 1,946,423 1,859,732 1,877,630
Station and other operating expenses                 486,383 486,762 460,476
Depreciation and amortization                 86,568 79,087 74,053
Selling, general and administrative                 129,277 119,266 129,431
Accretion of asset retirement obligations                 1,521 1,200 1,096
Total costs and operating expenses                 12,444,647 16,620,626 17,552,641
Income from operations                 254,764 365,388 261,440
Other income (expense)                      
Interest income                 2,177 244 1,099
Interest expense                 (33,531) (36,646) (14,509)
Gain (loss) on sale of assets                 (4,658) 194 5,995
Other nonoperating income (expense)                 (463) 10,166 169
Total other income (expense)                 (36,475) (26,042) (7,246)
Income from continuing operations before income taxes 44,500 94,100 38,800 40,900 141,800 91,000 93,900 12,600 218,289 339,346 254,194
Income tax expense                 80,698 116,386 100,059
Income from continuing operations 29,200 60,000 24,800 23,600 94,400 56,600 64,400 7,600 137,591 222,960 154,135
Income (loss) from discontinued operations, net of income taxes                 38,749 20,903 80,898
Net Income $ 66,700 $ 60,500 $ 26,200 $ 22,900 $ 98,400 $ 62,700 $ 73,200 $ 9,600 $ 176,340 $ 243,863 $ 235,033
Earnings per share - basic:                      
Income (loss) from continuing operations (in dollars per share) $ 0.70 $ 1.41 $ 0.56 $ 0.52 $ 2.06 $ 1.24 $ 1.39 $ 0.16 $ 3.17 $ 4.84 $ 3.30
Income (loss) from discontinued operations (in dollars per share)                 0.89 0.45 1.73
Net income - basic (in dollars per share) 1.60 1.42 0.59 0.50 2.15 1.35 1.58 0.21 4.06 5.29 5.03
Earnings per share - diluted:                      
Income from continuing operations (in dollars per share) 0.69 1.40 0.56 0.51 2.04 1.23 1.38 0.16 3.14 4.81 3.29
Income (loss) from discontinued operations (in dollars per share)                 0.88 0.45 1.73
Net income - diluted (in dollars per share) $ 1.58 $ 1.41 $ 0.59 $ 0.50 $ 2.13 $ 1.35 $ 1.57 $ 0.21 $ 4.02 $ 5.26 $ 5.02
Weighted-average shares outstanding (in thousands):                      
Basic (in shares)                 43,434 46,104 46,743
Diluted (in shares)                 43,794 46,417 46,858
Excise taxes                 $ 1,968,629 $ 1,930,608 $ 1,884,035
[1] Includes excise taxes of: $1,968,629, $1,930,608, and $1,884,035.