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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The following table reflects activity related to our reportable segments (in thousands):

 

 

 

Wholesale

 

 

Retail

 

 

Unallocated

 

 

Consolidated

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

1,609,547

 

 

$

397,474

 

 

$

 

 

$

2,007,021

 

Intersegment revenues from fuel sales

 

 

306,070

 

 

 

 

 

 

(306,070

)

 

 

 

Revenues from food and merchandise sales

 

 

 

 

 

49,382

 

 

 

 

 

 

49,382

 

Rent income

 

 

81,427

 

 

 

8,712

 

 

 

 

 

 

90,139

 

Other revenue

 

 

2,887

 

 

 

 

 

 

 

 

 

2,887

 

Total revenues

 

$

1,999,931

 

 

$

455,568

 

 

$

(306,070

)

 

$

2,149,429

 

Income from CST Fuel Supply equity interests

 

$

14,768

 

 

$

 

 

$

 

 

$

14,768

 

Operating income (loss)(a)

 

$

113,299

 

 

$

3,189

 

 

$

(73,166

)

 

$

43,322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

1,713,227

 

 

$

546,061

 

 

$

 

 

$

2,259,288

 

Intersegment revenues from fuel sales

 

 

425,610

 

 

 

 

 

 

(425,610

)

 

 

 

Revenues from food and merchandise sales

 

 

 

 

 

97,603

 

 

 

 

 

 

97,603

 

Rent income

 

 

77,404

 

 

 

8,238

 

 

 

 

 

 

85,642

 

Other revenue

 

 

3,384

 

 

 

 

 

 

 

 

 

3,384

 

Total revenues

 

$

2,219,625

 

 

$

651,902

 

 

$

(425,610

)

 

$

2,445,917

 

Income from CST Fuel Supply equity interests

 

$

14,948

 

 

$

 

 

$

 

 

$

14,948

 

Operating income (loss)

 

$

117,848

 

 

$

8,429

 

 

$

(91,265

)

 

$

35,012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

1,521,408

 

 

$

380,387

 

 

$

 

 

$

1,901,795

 

Intersegment revenues from fuel sales

 

 

281,561

 

 

 

 

 

 

(281,561

)

 

 

 

Revenues from food and merchandise sales

 

 

 

 

 

104,362

 

 

 

 

 

 

104,362

 

Rent income

 

 

79,344

 

 

 

6,970

 

 

 

 

 

 

86,314

 

Other revenue

 

 

2,356

 

 

 

 

 

 

 

 

 

2,356

 

Total revenues

 

$

1,884,669

 

 

$

491,719

 

 

$

(281,561

)

 

$

2,094,827

 

Income from CST Fuel Supply equity interests

 

$

14,906

 

 

$

 

 

$

 

 

$

14,906

 

Operating income (loss)

 

$

108,624

 

 

$

5,737

 

 

$

(81,942

)

 

$

32,419

 

 

 

(a)

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.

Summary of Receivables Relating to Revenue Streams

Receivables relating to the revenue streams above are as follows (in thousands):

 

 

December 31,

 

 

 

2019

 

 

2018

 

Receivables from fuel and merchandise sales

 

$

27,141

 

 

$

19,247

 

Receivables for rent and other lease-related charges

 

 

9,318

 

 

 

6,610

 

Total accounts receivable

 

$

36,459

 

 

$

25,857