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Initial Public Offering (Tables) | 9 Months Ended
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Sep. 30, 2012
Initial Public Offering [Abstract] |
Schedule of Cash Reconciliation from IPO | The following table is a reconciliation of cash proceeds from the IPO (in millions):
Gross proceeds |  | $ | 224 |
Less: Underwriting and structuring fees and other offering expenses |  | (18 | )
Proceeds from the IPO, net of offering costs |  | 206 |
Reimbursement to SUSS for capital expenditures during prior 24 months |  | (25 | )
Investment in marketable securities |  | (181 | )
Net use of IPO proceeds |  | $ | (206 | )
Term loan proceeds |  | $ | 181 |
Proceeds of term loan distributed to SUSS |  | $ | (181 | )
Summary of Net Income, Disaggregated Between Predecessor and Parntership | The following is a summary of net income for the three and nine months ended September 30, 2012 disaggregated between Predecessor and the Partnership:
| Susser Petroleum Company LLC Predecessor |  | Susser Petroleum Partners LP |  | Three Months Ended September 30, 2012
| Through September 24, 2012 |  | From September 25, 2012 |  |
| (in thousands)
Revenues | $ | 1,039,257 |  |  | $ | 70,359 |  |  | $ | 1,109,616 |
Cost of sales | 1,027,325 |  |  | 69,462 |  |  | 1,096,787 |
Gross profit | 11,932 |  |  | 897 |  |  | 12,829 |
Total operating expenses | 7,064 |  |  | 295 |  |  | 7,359 |
Income from operations | 4,868 |  |  | 602 |  |  | 5,470 |
Interest expense, net | (89 | ) |  | (24 | ) |  | (113 | )
Income before income taxes | 4,779 |  |  | 578 |  |  | 5,357 |
Income tax expense | (1,735 | ) |  | (4 | ) |  | (1,739 | )
Net income | $ | 3,044 |  |  | $ | 574 |  |  | $ | 3,618 |
| Susser Petroleum Company LLC Predecessor |  | Susser Petroleum Partners LP |  | Nine Months Ended September 30, 2012
| Through September 24, 2012 |  | From September 25, 2012 |  |
| (in thousands)
Revenues | $ | 3,198,422 |  |  | $ | 70,359 |  |  | $ | 3,268,781 |
Cost of sales | 3,162,428 |  |  | 69,462 |  |  | 3,231,890 |
Gross profit | 35,994 |  |  | 897 |  |  | 36,891 |
Total operating expenses | 22,496 |  |  | 295 |  |  | 22,791 |
Income from operations | 13,498 |  |  | 602 |  |  | 14,100 |
Interest expense, net | (269 | ) |  | (24 | ) |  | (293 | )
Income before income taxes | 13,229 |  |  | 578 |  |  | 13,807 |
Income tax expense | (4,809 | ) |  | (4 | ) |  | (4,813 | )
Net income | $ | 8,420 |  |  | $ | 574 |  |  | $ | 8,994 |
Summary of Cash Flows, Disaggregated Between Predecessor and Parntership | The following is a summary of cash flow for the nine months ended September 30, 2012 disaggregated between Predecessor and the Partnership:
| Susser Petroleum Company LLC Predecessor |  | Susser Petroleum Partners LP |  | Nine Months Ended September 30, 2012
| Through September 24, 2012 |  | From September 25, 2012 |  |
| (in thousands)
Cash flows from operating activities: |  |  |  |  |
Net cash provided by operating activities | $ | 9,151 |  |  | $ | 16,761 |  |  | $ | 25,912 |
Cash flows from investing activities: |  |  |  |  |
Purchase of intangibles and capital expenditures | (9,806 | ) |  | (48 | ) |  | (9,854 | )
Purchase of short-term investments | — |  |  | (259,654 | ) |  | (259,654 | )
Redemption of short-term investments | — |  |  | 78,976 |  |  | 78,976 |
Proceeds from disposal of property and equipment | 754 |  |  | — |  |  | 754 |
Net cash used in investing activities | (9,052 | ) |  | (180,726 | ) |  | (189,778 | )
Cash flows from financing activities: |  |  |  |  |
Change in notes receivable | 32 |  |  | — |  |  | 32 |
Proceeds from issuance of long-term debt | — |  |  | 180,666 |  |  | 180,666 |
Loan origination costs |  |  | (1,891 | ) |  | (1,891 | )
Proceeds from issuance of common units, net of offering costs | — |  |  | 206,030 |  |  | 206,030 |
Distributions to Parent | — |  |  | (206,030 | ) |  | (206,030 | )
Predecessor cash retained by Parent | (354 | ) |  | — |  |  | (354 | )
Payments on long-term debt | (17 | ) |  | — |  |  | (17 | )
Net cash provided by (used in) financing activities | (339 | ) |  | 178,775 |  |  | 178,436 |
Net increase (decrease) in cash | (240 | ) |  | 14,810 |  |  | 14,570 |
Cash and cash equivalents at beginning of year | 240 |  |  | — |  |  | 240 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 14,810 |  |  | $ | 14,810 |

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