XML 25 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Retail motor fuel $ 1,577 $ 1,338 $ 1,540
Wholesale motor fuel sales to third parties 9,278 7,812 10,104
Wholesale motor fuel sales to affiliates 55 62 20
Merchandise 571 541 544
Rental income 89 88 81
Other 153 145 141
Total revenues 11,723 9,986 12,430
Cost of sales:      
Retail motor fuel cost of sales 1,420 1,175 1,340
Wholesale motor fuel cost of sales 8,798 7,278 9,740
Merchandise cost of sales 386 363 365
Other 11 14 5
Total cost of sales 10,615 8,830 11,450
Gross profit 1,108 1,156 980
Operating expenses:      
General and administrative 140 155 126
Other operating 375 374 372
Rent 81 81 79
Loss on disposal of assets and impairment charge 114 225 1
Depreciation, amortization and accretion 169 176 150
Total operating expenses 879 1,011 728
Operating income 229 145 252
Interest expense, net 209 161 67
Income (loss) from continuing operations before income taxes 20 (16) 185
Income tax expense (benefit) (306) (72) 29
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 326 56 156
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (177) (462) 38
Net income (loss) and comprehensive income (loss) 149 (406) 194
Less: Net income and comprehensive income attributable to noncontrolling interest 0 0 4
Less: Preacquisition income allocated to general partner 0 0 103
Net income (loss) and comprehensive income (loss) attributable to partners $ 149 $ (406) $ 87
Net income (loss) per limited partner unit:      
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Basic $ (1.78) $ (4.94) $ 0.20
Weighted average limited partner units outstanding:      
Cash distribution per unit (in dollars per share) 3.3020 3.2938 2.8851
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted 2.12 (0.32) 0.91
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted (1.78) (4.94) 0.20
Distributions Per Partnership Unit 3.30 3.29 2.89
Common Units [Member]      
Net income (loss) per limited partner unit:      
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 2.13 $ (0.32) $ 0.91
Weighted average limited partner units outstanding:      
Weighted average limited partner units outstanding (basic) (in shares) 99,270,120 93,575,530 40,253,913
Weighted average limited partner units outstanding (diluted) (in shares) 99,728,354 93,603,835 40,275,651
Subordinated Units [Member]      
Weighted average limited partner units outstanding:      
Weighted average limited partner units outstanding (basic and diluted) (in shares) 0 0 10,010,333
Subordinated Units [Member]      
Operating expenses:      
Net income (loss) and comprehensive income (loss)     $ 8
Net income (loss) per limited partner unit:      
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 0.00 $ 0.00 $ 1.17
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Basic 0.00 0.00 0.23
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 0.00 $ 0.00 $ 1.40
Weighted average limited partner units outstanding:      
Weighted average limited partner units outstanding (basic and diluted) (in shares) 0 0 10,010,333
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted $ 0.00 $ 0.00 $ 1.17
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted 0.00 0.00 0.23
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted $ 0.00 $ 0.00 $ 1.40
Common Units [Member]      
Operating expenses:      
Net income (loss) and comprehensive income (loss) $ 126 $ (406) $ 79
Net income (loss) per limited partner unit:      
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 2.13 $ (0.32) $ 0.91
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Basic (1.78) (4.94) 0.20
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 0.35 $ (5.26) $ 1.11
Weighted average limited partner units outstanding:      
Weighted average limited partner units outstanding (basic) (in shares) 99,270,120 93,575,530 40,253,913
Weighted average limited partner units outstanding (diluted) (in shares) 99,728,354 93,603,835 40,275,651
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted $ 2.12 $ (0.32) $ 0.91
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted (1.78) (4.94) 0.20
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted $ 0.34 $ (5.26) $ 1.11