10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001552275-17-000023 |
| Period End Date | 20170331 |
| Filing Date | 20170504 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | sun-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$74.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$73.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$77.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$539.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$442.00M | USD | Point-in-time |
| Receivables from affiliates |
DueFromAffiliateCurrent
|
$3.00M | USD | Point-in-time |
| Receivables from affiliates |
DueFromAffiliateCurrent
|
$13.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$512.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$573.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$162.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$155.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.39B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.20B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.30B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.37B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.62B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.61B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.25B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.29B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$66.00M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$48.00M | USD | Point-in-time |
| Total assets |
Assets
|
$8.70B | USD | Point-in-time |
| Total assets |
Assets
|
$8.45B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$438.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$616.00M | USD | Point-in-time |
| Accounts payable to affiliates |
DueToAffiliateCurrent
|
$111.00M | USD | Point-in-time |
| Accounts payable to affiliates |
DueToAffiliateCurrent
|
$109.00M | USD | Point-in-time |
| Advances from affiliates |
AdvancesFromAffiliatesCurrent
|
$87.00M | USD | Point-in-time |
| Advances from affiliates |
AdvancesFromAffiliatesCurrent
|
$1.00M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$372.00M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$371.00M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$5.00M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$5.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.19B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$926.00M | USD | Point-in-time |
| Revolving line of credit |
LongTermLineOfCredit
|
$761.00M | USD | Point-in-time |
| Revolving line of credit |
LongTermLineOfCredit
|
$1.00B | USD | Point-in-time |
| Long-term debt, net |
OtherLongTermDebtNoncurrent
|
$3.51B | USD | Point-in-time |
| Long-term debt, net |
OtherLongTermDebtNoncurrent
|
$3.53B | USD | Point-in-time |
| Deferred tax liability |
DeferredTaxLiabilities
|
$643.00M | USD | Point-in-time |
| Deferred tax liability |
DeferredTaxLiabilities
|
$626.00M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$164.00M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$178.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.50B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.03B | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total equity |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Total equity |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.20B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.45B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.70B | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Retail motor fuel |
SalesRevenueFromRetailFuelSalesToThirdParties
|
$1.12B | USD | 1 Quarter |
| Retail motor fuel |
SalesRevenueFromRetailFuelSalesToThirdParties
|
$1.52B | USD | 1 Quarter |
| Wholesale motor fuel sales to third parties |
SalesRevenueFromWholesaleFuelSalesToThirdParties
|
$1.50B | USD | 1 Quarter |
| Wholesale motor fuel sales to third parties |
SalesRevenueFromWholesaleFuelSalesToThirdParties
|
$2.24B | USD | 1 Quarter |
| Wholesale motor fuel sales to affiliates |
SalesRevenueFromWholesaleFuelSalesToAffiliates
|
$7.00M | USD | 1 Quarter |
| Wholesale motor fuel sales to affiliates |
SalesRevenueFromWholesaleFuelSalesToAffiliates
|
$21.00M | USD | 1 Quarter |
| Merchandise |
SalesRevenueGoodsNet
|
$540.00M | USD | 1 Quarter |
| Merchandise |
SalesRevenueGoodsNet
|
$524.00M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$23.00M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$22.00M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$50.00M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$51.00M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$3.21B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$4.39B | USD | 1 Quarter |
| Retail motor fuel cost of sales |
FuelCostsOfSalesRetail
|
$984.00M | USD | 1 Quarter |
| Retail motor fuel cost of sales |
FuelCostsOfSalesRetail
|
$1.38B | USD | 1 Quarter |
| Wholesale motor fuel cost of sales |
FuelCostsOfSalesWholesale
|
$1.35B | USD | 1 Quarter |
| Wholesale motor fuel cost of sales |
FuelCostsOfSalesWholesale
|
$2.14B | USD | 1 Quarter |
| Merchandise cost of sales |
CostOfGoodsSold
|
$370.00M | USD | 1 Quarter |
| Merchandise cost of sales |
CostOfGoodsSold
|
$358.00M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$4.00M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$10.00M | USD | 1 Quarter |
| Total cost of sales |
CostOfRevenue
|
$3.89B | USD | 1 Quarter |
| Total cost of sales |
CostOfRevenue
|
$2.70B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$511.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$503.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$58.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$64.00M | USD | 1 Quarter |
| Other operating |
OtherCostAndExpenseOperating
|
$249.00M | USD | 1 Quarter |
| Other operating |
OtherCostAndExpenseOperating
|
$263.00M | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$33.00M | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$34.00M | USD | 1 Quarter |
| Loss (gain) on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.00M | USD | 1 Quarter |
| Loss (gain) on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$7.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$87.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$78.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$455.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$419.00M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$92.00M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$48.00M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$28.00M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$64.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-16.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$64.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$-17.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.00M | USD | 1 Quarter |
| Net income and comprehensive income |
ProfitLoss
|
$1.00M | USD | 1 Quarter |
| Net income and comprehensive income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Net income and comprehensive income |
NetIncomeLoss
|
$62.00M | USD | 1 Quarter |
| Net income and comprehensive income |
NetIncomeLoss
|
$1.00M | USD | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$1.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$87.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$78.00M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$4.00M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$1.00M | USD | 1 Quarter |
| Loss (gain) on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.00M | USD | 1 Quarter |
| Loss (gain) on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$7.00M | USD | 1 Quarter |
| Non-cash unit based compensation expense |
ShareBasedCompensation
|
$4.00M | USD | 1 Quarter |
| Non-cash unit based compensation expense |
ShareBasedCompensation
|
$3.00M | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$-17.00M | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$-10.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-97.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$9.00M | USD | 1 Quarter |
| Accounts receivable from affiliates |
IncreaseDecreaseInDueFromAffiliatesCurrent
|
$10.00M | USD | 1 Quarter |
| Accounts receivable from affiliates |
IncreaseDecreaseInDueFromAffiliatesCurrent
|
$-1.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-123.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-61.00M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$39.00M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-8.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-138.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-24.00M | USD | 1 Quarter |
| Accounts payable to affiliates |
IncreaseDecreaseInDueToAffiliatesCurrent
|
$2.00M | USD | 1 Quarter |
| Accounts payable to affiliates |
IncreaseDecreaseInDueToAffiliatesCurrent
|
$-5.00M | USD | 1 Quarter |
| Accrued liabilities and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-47.00M | USD | 1 Quarter |
| Accrued liabilities and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-8.00M | USD | 1 Quarter |
| Other noncurrent liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$10.00M | USD | 1 Quarter |
| Other noncurrent liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$27.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$108.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$162.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$96.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$66.00M | USD | 1 Quarter |
| Purchase of intangible assets |
PaymentsToAcquireIntangibleAssets
|
$14.00M | USD | 1 Quarter |
| Purchase of intangible assets |
PaymentsToAcquireIntangibleAssets
|
$13.00M | USD | 1 Quarter |
| Proceeds from disposal of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.00M | USD | 1 Quarter |
| Proceeds from disposal of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.31B | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-78.00M | USD | 1 Quarter |
| Proceeds from issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$2.04B | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.00M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.00M | USD | 1 Quarter |
| Revolver borrowings |
ProceedsFromLinesOfCredit
|
$672.00M | USD | 1 Quarter |
| Revolver borrowings |
ProceedsFromLinesOfCredit
|
$618.00M | USD | 1 Quarter |
| Revolver repayments |
RepaymentsOfLinesOfCredit
|
$857.00M | USD | 1 Quarter |
| Revolver repayments |
RepaymentsOfLinesOfCredit
|
$447.00M | USD | 1 Quarter |
| Loan origination costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Loan origination costs |
PaymentsOfDebtIssuanceCosts
|
$19.00M | USD | 1 Quarter |
| Advances from (to) affiliates |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
$-63.00M | USD | 1 Quarter |
| Advances from (to) affiliates |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
$-21.00M | USD | 1 Quarter |
| Equity issued to ETE, net of issuance costs |
EquityIssuedToPartnersCapitalAccount
|
$-61.00M | USD | 1 Quarter |
| Equity issued to ETE, net of issuance costs |
EquityIssuedToPartnersCapitalAccount
|
$300.00M | USD | 1 Quarter |
| Proceeds from issuance of common units, net of offering costs |
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
- | USD | 1 Quarter |
| Proceeds from issuance of common units, net of offering costs |
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
$33.00M | USD | 1 Quarter |
| Distributions to ETP |
PaymentsOfDistributionsToAffiliates
|
$50.00M | USD | 1 Quarter |
| Distributions to ETP |
PaymentsOfDistributionsToAffiliates
|
- | USD | 1 Quarter |
| Other cash from financing activities, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.00M | USD | 1 Quarter |
| Other cash from financing activities, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$7.00M | USD | 1 Quarter |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$87.00M | USD | 1 Quarter |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$81.00M | USD | Point-in-time |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$82.00M | USD | Point-in-time |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$104.00M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-75.00M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.15B | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-45.00M | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$4.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$74.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$73.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$77.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$74.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$73.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$77.00M | USD | Point-in-time |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Partners' Capital Account, Public Sale of Units Net of Offering Costs |
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
|
$33.00M | USD | 1 Quarter |
| Equity Issued To Partners Capital Account |
EquityIssuedToPartnersCapitalAccount
|
$-61.00M | USD | 1 Quarter |
| Equity Issued To Partners Capital Account |
EquityIssuedToPartnersCapitalAccount
|
$300.00M | USD | 1 Quarter |
| Beginning balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Beginning balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.20B | USD | Point-in-time |
| Cash distribution |
GeneralPartnersCapitalAccountDistributionAmount
|
$104.00M | USD | 1 Quarter |
| Unit-based compensation |
PartnersCapitalAccountUnitBasedCompensation
|
$4.00M | USD | 1 Quarter |
| Other |
PartnersCapitalOther
|
$-1.00M | USD | 1 Quarter |
| Partnership net income |
ProfitLoss
|
$1.00M | USD | 1 Quarter |
| Partnership net income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Ending balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Ending balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.20B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.