XML 62 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2018
Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
For the Three Months Ended March 31,
 
2018
 
2017
 
Wholesale Segment
 
Retail Segment
 
Intercompany Eliminations
 
Totals
 
Wholesale Segment
 
Retail Segment
 
Intercompany Eliminations
 
Totals
 
(in millions)
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail motor fuel
$

 
$
445

 
 
 
$
445

 
$

 
$
353

 
 
 
$
353

Wholesale motor fuel sales to third parties
3,094

 

 
 
 
3,094

 
2,244

 

 
 
 
2,244

Wholesale motor fuel sales to affiliates
12

 

 
 
 
12

 
21

 

 
 
 
21

Merchandise

 
135

 
 
 
135

 

 
131

 
 
 
131

Rental income
19

 
3

 
 
 
22

 
19

 
3

 
 
 
22

Other
14

 
27

 
 
 
41

 
13

 
24

 
 
 
37

Intersegment sales
404

 
34

 
(438
)
 

 
327

 
35

 
(362
)
 

Total revenue
3,543

 
644

 
(438
)
 
3,749

 
2,624

 
546

 
(362
)
 
2,808

Gross profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail motor fuel

 
44

 
 
 
44

 

 
36

 
 
 
36

Wholesale motor fuel
161

 

 
 
 
161

 
122

 

 
 
 
122

Merchandise

 
42

 
 
 
42

 

 
43

 
 
 
43

Rental and other
29

 
20

 
 
 
49

 
28

 
27

 
 
 
55

Total gross profit
190

 
106

 
 
 
296

 
150

 
106

 
 
 
256

Total operating expenses
119

 
81

 
 
 
200

 
91

 
109

 
 
 
200

Operating income (loss)
71

 
25

 
 
 
96

 
59

 
(3
)
 
 
 
56

Interest expense, net
19

 
15

 
 
 
34

 
20

 
38

 
 
 
58

Loss on extinguishment of debt and other
109

 

 
 
 
109

 

 

 
 
 

Income (loss) from continuing operations before income taxes
(57
)
 
10

 
 
 
(47
)
 
39

 
(41
)
 
 
 
(2
)
Income tax expense (benefit)
1

 
30

 
 
 
31

 
1

 
(15
)
 
 
 
(14
)
Income (loss) from continuing operations
(58
)
 
(20
)
 
 
 
(78
)
 
38

 
(26
)
 
 
 
12

Loss from discontinued operations, net of income taxes (See Note 4)

 
(237
)
 
 
 
(237
)
 

 
(11
)
 
 
 
(11
)
Net income (loss) and comprehensive income (loss)
$
(58
)
 
$
(257
)
 
 
 
$
(315
)
 
$
38

 
$
(37
)
 
 
 
$
1

Depreciation, amortization and accretion (1)
28

 
21

 
 
 
49

 
22

 
65

 
 
 
87

Interest expense, net (1)
19

 
17

 
 
 
36

 
20

 
44

 
 
 
64

Income tax expense (benefit) (1)
1

 
203

 
 
 
204

 
1

 
(18
)
 
 
 
(17
)
EBITDA
(10
)
 
(16
)
 
 
 
(26
)
 
81

 
54

 
 
 
135

Non-cash compensation expense (1)

 
3

 
 
 
3

 

 
4

 
 
 
4

Loss on disposal of assets (1)
3

 
23

 
 
 
26

 
2

 
5

 
 
 
7

Loss on extinguishment of debt and other (1)
109

 
20

 
 
 
129

 

 

 
 
 

Unrealized gain on commodity derivatives (1)

 

 
 
 

 
(5
)
 

 
 
 
(5
)
Inventory fair value adjustments (1)
(25
)
 
(1
)
 
 
 
(26
)
 
13

 
1

 
 
 
14

Other non-cash adjustments
3

 

 
 
 
3

 

 

 
 
 

Adjusted EBITDA
$
80

 
$
29

 
 
 
$
109

 
$
91

 
$
64

 
 
 
$
155

Capital expenditures (1)
$
12

 
$
7

 
 
 
$
19

 
$
12

 
$
54

 
 
 
$
66

Total assets as of March 31, 2018 and December 31, 2017, respectively
$
3,073

 
$
1,846

 
 
 
$
4,919

 
$
3,130

 
$
5,214

 
 
 
$
8,344

________________________________
(1)
Includes amounts from discontinued operations.