10-Q Filing

Sunoco LP CIK: 1552275 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001552275-18-000042`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	sun-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 47 Cash Flow Statement 38 Stockholders Equity 18

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$541.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$529.00M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$155.00M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$163.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$456.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$426.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$81.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$62.00M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$6.00M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$3.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.24B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.52B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.56B	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Goodwill	`Goodwill`	$1.47B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$768.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$659.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$123.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$45.00M	USD	Point-in-time
Total assets	`Assets`	$5.01B	USD	Point-in-time
Total assets	`Assets`	$8.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$439.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$559.00M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$206.00M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$167.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$544.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$368.00M	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`	-	USD	Point-in-time
Liabilities associated with assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$75.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$765.00M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$320.00M	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`	$112.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$136.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$125.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.09B	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`	$916.00M	USD	Point-in-time
Total equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.01B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.34B	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.61B	USD	1 Quarter
Revenues	`Revenues`	$8.36B	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$42.00M	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$34.00M	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$22.00M	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$19.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-326.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-333.00M	USD	2 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-40.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-66.00M	USD	2 Qtrs
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$41.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$90.00M	USD	2 Qtrs
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$39.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$58.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$120.00M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$72.00M	USD	2 Qtrs
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	$129.00M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$45.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$29.00M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-59.00M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-29.00M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$16.00M	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$94.00M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-17.00M	USD	2 Qtrs
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-204.00M	USD	2 Qtrs
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-193.00M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-26.00M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-263.00M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-247.00M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-221.00M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-222.00M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$68.00M	USD	1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.90	USD	1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-0.59	USD	1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-0.70	USD	2 Qtrs
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-0.29	USD	2 Qtrs
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-3.05	USD	2 Qtrs
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-0.32	USD	1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-1.94	USD	1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1`	$-2.07	USD	2 Qtrs
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-2.77	USD	2 Qtrs
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-2.53	USD	1 Quarter
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-3.34	USD	2 Qtrs
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.58	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-247.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-222.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-221.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$68.00M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-204.00M	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-193.00M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-26.00M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-263.00M	USD	2 Qtrs
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$41.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$90.00M	USD	2 Qtrs
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$39.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-326.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-333.00M	USD	2 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-40.00M	USD	1 Quarter
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-66.00M	USD	2 Qtrs
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt and other	`GainsLossesOnExtinguishmentOfDebt`	$129.00M	USD	2 Qtrs
Non-cash unit based compensation expense	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Non-cash unit based compensation expense	`ShareBasedCompensation`	$5.00M	USD	1 Quarter
Non-cash unit based compensation expense	`ShareBasedCompensation`	$9.00M	USD	2 Qtrs
Non-cash unit based compensation expense	`ShareBasedCompensation`	$6.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$42.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.00M	USD	1 Quarter
Distributions to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$68.00M	USD	Point-in-time
Distributions to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$82.00M	USD	Point-in-time
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.00M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.00M	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`	$19.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$101.00M	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`	$19.00M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$916.00M	USD	Point-in-time
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Repurchase of common units	`PaymentsForRepurchaseOfEquity`	$540.00M	USD	Point-in-time
Repurchase of common units	`PaymentsForRepurchaseOfEquity`	$540.00M	USD	2 Qtrs
Redemption of Preferred units	`PartnersCapitalAccountRedemptions`	$-300.00M	USD	2 Qtrs
Cash distribution to unitholders	`LimitedPartnersCapitalAccountDistributionAmount`	$194.00M	USD	2 Qtrs
Distribution to preferred units	`PartnersCapitalAccountDistributions`	$2.00M	USD	2 Qtrs
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.00M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$5.00M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$9.00M	USD	2 Qtrs
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$6.00M	USD	2 Qtrs
Cumulative effect of change in revenue recognition accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1`	$-54.00M	USD	Point-in-time
Partnership net income (loss)	`ProfitLoss`	$-247.00M	USD	2 Qtrs
Partnership net income (loss)	`ProfitLoss`	$-222.00M	USD	1 Quarter
Partnership net income (loss)	`ProfitLoss`	$-221.00M	USD	2 Qtrs
Partnership net income (loss)	`ProfitLoss`	$68.00M	USD	1 Quarter
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$916.00M	USD	Point-in-time
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time

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