10-Q Filing

Sunoco LP CIK: 1552275 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001552275-18-000027`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	sun-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 24 Cash Flow Statement 25 Stockholders Equity 14

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$541.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$451.00M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$155.00M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$160.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$426.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$434.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$81.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$71.00M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$3.31B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$6.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.56B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.52B	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$768.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$656.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$91.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$45.00M	USD	Point-in-time
Total assets	`Assets`	$4.92B	USD	Point-in-time
Total assets	`Assets`	$8.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$559.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$416.00M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$206.00M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$178.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$368.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$759.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.00M	USD	Point-in-time
Liabilities associated with assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$75.00M	USD	Point-in-time
Liabilities associated with assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	-	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$765.00M	USD	Point-in-time
Long-term debt, net	`OtherLongTermDebtNoncurrent`	$2.28B	USD	Point-in-time
Long-term debt, net	`OtherLongTermDebtNoncurrent`	$3.52B	USD	Point-in-time
Advances from affiliates	`DueToAffiliateCurrentAndNoncurrent`	$85.00M	USD	Point-in-time
Advances from affiliates	`DueToAffiliateCurrentAndNoncurrent`	$85.00M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$389.00M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$124.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$137.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$125.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.99B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.10B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$932.00M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.34B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$3.75B	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$15.00M	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$20.00M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-26.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$49.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$64.00M	USD	1 Quarter
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	$129.00M	USD	1 Quarter
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-14.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$31.00M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-78.00M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$12.00M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-237.00M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-11.00M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$1.00M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-315.00M	USD	1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-1.11	USD	1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-0.11	USD	1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-0.11	USD	1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-2.63	USD	1 Quarter
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-0.22	USD	1 Quarter
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-3.74	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-315.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.00M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-237.00M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-11.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$49.00M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-26.00M	USD	1 Quarter
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	$129.00M	USD	1 Quarter
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Non-cash unit based compensation expense	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Non-cash unit based compensation expense	`ShareBasedCompensation`	$4.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-52.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.00M	USD	1 Quarter
Distributions to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$82.00M	USD	Point-in-time
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$70.00M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-46.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$932.00M	USD	Point-in-time
Repurchase of common units	`PaymentsForRepurchaseOfEquity`	$540.00M	USD	1 Quarter
Repurchase of common units	`PaymentsForRepurchaseOfEquity`	$540.00M	USD	Point-in-time
Redemption of Preferred units	`PartnersCapitalAccountRedemptions`	$-300.00M	USD	1 Quarter
Cash distribution to unitholders	`LimitedPartnersCapitalAccountDistributionAmount`	$107.00M	USD	1 Quarter
Distribution to preferred units	`PartnersCapitalAccountDistributions`	$2.00M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.00M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$4.00M	USD	1 Quarter
Cumulative effect of change in revenue recognition accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1`	$-54.00M	USD	Point-in-time
Partnership net income (loss)	`ProfitLoss`	$-315.00M	USD	1 Quarter
Partnership net income (loss)	`ProfitLoss`	$1.00M	USD	1 Quarter
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$932.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.