XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Operating revenues $ 2,149,429 $ 2,445,917 $ 2,094,827
Costs of sales 1,994,792 2,273,122 1,934,061
Gross profit 154,637 172,795 160,766
Income from CST Fuel Supply equity interests 14,768 14,948 14,906
Operating expenses:      
Operating expenses 52,554 61,919 61,297
General and administrative expenses 16,849 17,966 27,887
Depreciation, amortization and accretion expense 55,032 66,549 57,470
Total operating expenses 124,435 146,434 146,654
(Loss) gain on dispositions and lease terminations, net (1,648) (6,297) 3,401
Operating income 43,322 [1] 35,012 32,419
Other income, net 524 373 439
Interest expense (27,000) (32,872) (27,919)
Income before income taxes 16,846 2,513 4,939
Income tax benefit (1,230) (2,733) (18,237)
Net income 18,076 5,246 23,176
Less: net (loss) income attributable to noncontrolling interests   (5) 18
Net income attributable to limited partners 18,076 5,251 23,158
IDR distributions (533) (1,579) (4,337)
Net income available to limited partners $ 17,543 $ 3,672 $ 18,821
Basic and diluted earnings per common unit $ 0.51 $ 0.11 $ 0.56
Weighted-average limited partner units:      
Basic common units 34,454,369 34,345,298 33,844,823
Diluted common units 34,484,801 34,345,298 33,855,345
Supplemental information:      
(a) Includes excise taxes of: $ 78,004 $ 97,929 $ 79,937
(a) Includes revenues from fuel sales to and rental income from related parties of: $ 297,568 $ 433,740 $ 414,781
[1] As discussed in Note 2, as a result of the adoption of ASC 842, operating income for 2019 is not comparable to operating income for 2018 and 2017. Most significantly, payments on our previous failed sale-leaseback obligations were characterized as principal and interest expense in periods prior to 2019. Starting in 2019, these payments are characterized as rent expense and thus reduce operating income. These payments for the Wholesale and Retail segments amounted to approximately $6.7 million and $0.5 million for 2019.