XML 25 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues      
Sales and other operating revenues $ 11,264,300 $ 14,034,600 $ 14,362,900
Operating Expenses      
Station and other operating expenses 549,100 559,300 541,300
Depreciation and amortization 161,000 152,200 134,000
Selling, general and administrative 171,100 144,600 136,200
Accretion of asset retirement obligations 2,300 2,100 2,000
Acquisition related costs 1,700 0 0
Total operating expenses 10,706,600 13,766,300 14,087,100
Net settlement proceeds 0 100 50,400
Gain (loss) on sale of assets 1,300 100 (1,100)
Income from operations 559,000 268,500 325,100
Other income (expense)      
Interest income 1,000 3,200 1,500
Interest expense (51,200) (54,900) (52,900)
Loss on early debt extinguishment 0 (14,800) 0
Other nonoperating income (expense) 300 400 200
Total other income (expense) (49,900) (66,100) (51,200)
Income before income taxes 509,100 202,400 273,900
Income tax expense (benefit) 123,000 47,600 60,300
Net Income $ 386,100 $ 154,800 $ 213,600
Basic and Diluted Earnings Per Common Share:      
Basic (in dollars per share) $ 13.25 $ 4.90 $ 6.54
Diluted (in dollars per share) $ 13.08 $ 4.86 $ 6.48
Weighted-average shares outstanding (in thousands):      
Basic (in shares) 29,132 31,594 32,674
Diluted (in shares) 29,526 31,858 32,983
Supplemental information:      
Excise taxes $ 1,760,000 $ 1,933,300 $ 1,838,900
Petroleum product sales      
Operating Revenues      
Sales and other operating revenues [1] 8,208,600 11,373,800 11,858,400
Operating Expenses      
Operating expenses 7,325,700 10,707,400 11,251,100
Merchandise      
Operating Revenues      
Sales and other operating revenues 2,955,100 2,620,100 2,423,000
Operating Expenses      
Operating expenses 2,495,700 2,200,700 2,022,500
Other operating revenues      
Operating Revenues      
Sales and other operating revenues $ 100,600 $ 40,700 $ 81,500
[1] Includes excise taxes of $1,760.0, $1,933.3 and $1.838.9 in the years ended December 31, 2020, 2019 and 2018, respectively.