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Segment Reporting
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
Segment information is prepared on the same basis that our Chief Operating Decision Maker (“CODM”) reviews financial information for operational decision-making purposes. We operate our business in two primary segments, wholesale and retail, both of which are included as reportable segments. No operating segments have been aggregated in identifying the two reportable segments.
We allocate shared revenue and costs to each segment based on the way our CODM measures segment performance. Partnership overhead costs, interest and other expenses not directly attributable to a reportable segment are allocated based on segment gross profit.
We report EBITDA and Adjusted EBITDA by segment as a measure of segment performance. We define EBITDA as net income before net interest expense, income tax expense and depreciation, amortization and accretion expense. We define Adjusted EBITDA to include adjustments for non-cash compensation expense, gains and losses on disposal of assets and impairment charges, unrealized gains and losses on commodity derivatives and inventory adjustments.
Wholesale Segment
Our wholesale segment purchases motor fuel primarily from independent refiners and major oil companies and supplies it to our retail segment, to independently-operated dealer stations under long-term supply agreements, and to distributors and other consumers of motor fuel. Also included in the wholesale segment are motor fuel sales to consignment locations and sales and costs related to processing transmix. We distribute motor fuels across more than 30 states throughout the East Coast and Southeast regions of the United States from Maine to Florida and from Florida to New Mexico, as well as Hawaii. Sales of fuel from our wholesale segment to our retail segment are delivered at cost plus a profit margin. These amounts are reflected in intercompany eliminations of motor fuel revenue and motor fuel cost of sales. Also included in our wholesale segment is rental income from properties that we lease or sublease.
Retail Segment
Our retail segment operates branded retail convenience stores across more than 20 states throughout the East Coast and Southeast regions of the United States with a significant presence in Texas, Pennsylvania, New York, Florida, and Hawaii. These stores offer motor fuel, merchandise, foodservice, and a variety of other services including car washes, lottery, automated teller machines, money orders, prepaid phone cards and wireless services.

The following tables present financial information by segment for the three months ended March 31, 2017 and 2016: 
 
For the Three Months Ended March 31,
 
2017
 
2016
 
Wholesale Segment
 
Retail Segment
 
Intercompany Eliminations
 
Totals
 
Wholesale Segment
 
Retail Segment
 
Intercompany Eliminations
 
Totals
 
(in millions)
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail motor fuel
$
—

 
$
1,516

 
 
 
$
1,516

 
$
—

 
$
1,116

 
 
 
$
1,116

Wholesale motor fuel sales to third parties
2,243

 
—

 
 
 
2,243

 
1,496

 
—

 
 
 
1,496

Wholesale motor fuel sales to affiliates
21

 
—

 
 
 
21

 
7

 
—

 
 
 
7

Merchandise
—

 
540

 
 
 
540

 
—

 
524

 
 
 
524

Rental income
19

 
4

 
 
 
23

 
19

 
3

 
 
 
22

Other
13

 
38

 
 
 
51

 
18

 
32

 
 
 
50

Intersegment sales
1,041

 
35

 
(1,076
)
 
—

 
754

 
31

 
(785
)
 
—

Total revenue
3,337

 
2,133

 
(1,076
)
 
4,394

 
2,294

 
1,706

 
(785
)
 
3,215

Gross profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail motor fuel
—

 
137

 
 
 
137

 
—

 
132

 
 
 
132

Wholesale motor fuel
126

 
—

 
 
 
126

 
151

 
—

 
 
 
151

Merchandise
—

 
170

 
 
 
170

 
—

 
166

 
 
 
166

Rental and other
28

 
42

 
 
 
70

 
36

 
26

 
 
 
62

Total gross profit
154

 
349

 
 
 
503

 
187

 
324

 
 
 
511

Total operating expenses
91

 
364

 
 
 
455

 
89

 
330

 
 
 
419

Income (loss) from operations
63

 
(15
)
 
 
 
48

 
98

 
(6
)
 
 
 
92

Interest expense, net
20

 
44

 
 
 
64

 
12

 
16

 
 
 
28

Income (loss) before income taxes
43

 
(59
)
 
 
 
(16
)
 
86

 
(22
)
 
 
 
64

Income tax expense (benefit)
1

 
(18
)
 
 
 
(17
)
 
(1
)
 
3

 
 
 
2

Net income (loss) and comprehensive income (loss)
$
42

 
$
(41
)
 
 
 
$
1

 
$
87

 
$
(25
)
 
 
 
$
62

Depreciation, amortization and accretion
22

 
65

 
 
 
87

 
17

 
61

 
 
 
78

Interest expense, net
20

 
44

 
 
 
64

 
12

 
16

 
 
 
28

Income tax expense (benefit)
1

 
(18
)
 
 
 
(17
)
 
(1
)
 
3

 
 
 
2

EBITDA
85

 
50

 
 
 
135

 
115

 
55

 
 
 
170

Non-cash compensation expense
—

 
4

 
 
 
4

 
2

 
1

 
 
 
3

Loss on disposal of assets
2

 
5

 
 
 
7

 
—

 
1

 
 
 
1

Unrealized gain on commodity derivatives
(5
)
 
—

 
 
 
(5
)
 
(3
)
 
—

 
 
 
(3
)
Inventory adjustments
13

 
1

 
 
 
14

 
(11
)
 
(1
)
 
 
 
(12
)
Adjusted EBITDA
$
95

 
$
60

 
 
 
$
155

 
$
103

 
$
56

 
 
 
$
159

Capital expenditures
$
12

 
$
54

 
 
 
$
66

 
$
37

 
$
59

 
 
 
$
96

Total assets as of March 31, 2017 and December 31, 2016, respectively
$
2,934

 
$
5,520

 
 
 
$
8,454

 
$
3,201

 
$
5,500

 
 
 
$
8,701