Initial Public Offering (Tables)

9 Months Ended

Sep. 30, 2012

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