XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Schedule I | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Schedule I | Schedule I CrossAmerica Partners LP (Parent Company Only) Condensed Balance Sheets (Thousands of Dollars)
|  | December 31, |
|  | 2021 |  |  | 2020 |
ASSETS |  |  |  |  |  |  |  |
Total current assets |  | $ | 115 |  |  | $ | — |
Loans to subsidiaries |  |  | 624,326 |  |  |  | 512,913 |
Investment in subsidiaries |  |  | 73,640 |  |  |  | 126,469 |
Other assets |  |  | 2,916 |  |  |  | — |
Total assets |  | $ | 700,997 |  |  | $ | 639,382 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 422 |  |  | $ | 1,667 |
Accounts payable to subsidiaries |  |  | 16,908 |  |  |  | 16,698 |
Long-term debt |  |  | 627,109 |  |  |  | 509,922 |
Other long-term liabilities |  |  | — |  |  |  | 1,427 |
Total liabilities |  |  | 644,439 |  |  |  | 529,714 |
Commitments and contingencies |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |
Common units |  |  | 53,528 |  |  |  | 112,124 |
Accumulated other comprehensive income (loss) |  |  | 3,030 |  |  |  | (2,456 | )
Total equity |  |  | 56,558 |  |  |  | 109,668 |
Total liabilities and equity |  | $ | 700,997 |  |  | $ | 639,382 |
See Notes to Condensed Financial Statements Schedule I CrossAmerica Partners LP (Parent Company Only) Condensed Statements of Comprehensive Income (Thousands of Dollars)
|  | For the Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Interest income from subsidiaries |  | $ | 13,818 |  |  | $ | 14,684 |  |  | $ | 25,058 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | 236 |  |  |  | 153 |  |  |  | 255 |
Interest expense |  |  | 13,818 |  |  |  | 14,684 |  |  |  | 25,058 |
Loss before equity in net income of subsidiaries |  |  | (236 | ) |  |  | (153 | ) |  |  | (255 | )
Equity in net income of subsidiaries |  |  | 21,890 |  |  |  | 107,609 |  |  |  | 18,331 |
Net income |  |  | 21,654 |  |  |  | 107,456 |  |  |  | 18,076 |
Other comprehensive income (loss) |  |  | 5,486 |  |  |  | (2,456 | ) |  |  | — |
Comprehensive income |  | $ | 27,140 |  |  | $ | 105,000 |  |  | $ | 18,076 |
See Notes to Condensed Financial Statements Schedule I CrossAmerica Partners LP (Parent Company Only) Condensed Statements of Cash Flows (Thousands of Dollars)
|  | For the Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 21,654 |  |  | $ | 107,456 |  |  | $ | 18,076 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in net income of subsidiaries |  |  | (21,890 | ) |  |  | (107,609 | ) |  |  | (18,331 | )
Amortization of deferred financing costs |  |  | 1,310 |  |  |  | 1,042 |  |  |  | 1,027 |
Changes in operating assets and liabilities |  |  | 6,512 |  |  |  | (3,318 | ) |  |  | 4,062 |
Net cash provided by operating activities |  |  | 7,586 |  |  |  | (2,429 | ) |  |  | 4,834 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Loans to subsidiaries |  |  | (100,402 | ) |  |  | (106,180 | ) |  |  | (114,300 | )
Repayment of loans to subsidiaries |  |  | 77,500 |  |  |  | 112,000 |  |  |  | 93,300 |
Investment in subsidiary |  |  | (94,493 | ) |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | (117,395 | ) |  |  | 5,820 |  |  |  | (21,000 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Borrowings under revolving credit facilities |  |  | 194,895 |  |  |  | 106,180 |  |  |  | 114,300 |
Repayments on revolving credit facilities |  |  | (77,500 | ) |  |  | (112,000 | ) |  |  | (93,300 | )
Payment of deferred financing costs |  |  | (1,519 | ) |  |  | — |  |  |  | (3,972 | )
Distributions from subsidiaries |  |  | 73,626 |  |  |  | 80,353 |  |  |  | 72,098 |
Distributions paid on distribution equivalent rights |  |  | (141 | ) |  |  | (40 | ) |  |  | (86 | )
Distributions paid to holders of the IDRs |  |  | — |  |  |  | (133 | ) |  |  | (533 | )
Distributions paid on common units |  |  | (79,552 | ) |  |  | (77,751 | ) |  |  | (72,341 | )
Net cash provided by (used in) financing activities |  |  | 109,809 |  |  |  | (3,391 | ) |  |  | 16,166 |
Net increase (decrease) in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at beginning of period |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | — |
See Notes to Condensed Financial Statements Note 1. Basis of Presentation The condensed financial statements represent the financial information required by SEC Regulation S-X Rule 5-04 for CrossAmerica Partners LP (the “Partnership”), which requires the inclusion of parent company only financial statements if the restricted net assets of consolidated subsidiaries exceed 25% of total consolidated net assets as of the last day of its most recent fiscal year. As of December 31, 2021, the Partnership’s restricted net assets of its consolidated subsidiaries were approximately $74.6 million and exceeded 25% of the Partnership’s total consolidated net assets. The accompanying condensed financial statements have been prepared to present the financial position, results of operations and cash flows of the Partnership on a stand-alone basis as a holding company. Investments in subsidiaries are accounted for using the equity method. The condensed parent company only financial statements should be read in conjunction with the Partnership's consolidated financial statements. Note 2. Long-Term Debt The Partnership has a credit facility. See Note 12 to the consolidated financial statements for information on the CAPL Credit Facility.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration