10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001552275-23-000026 |
| Period End Date | 20230331 |
| Filing Date | 20230504 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | sun-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$104.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$82.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$573.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$890.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$821.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$768.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$175.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$185.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.73B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.98B | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.79B | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.80B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.07B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.04B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.76B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.73B | USD | Point-in-time |
| Finance lease right-of-use assets, net |
FinanceLeaseRightOfUseAsset
|
$9.00M | USD | Point-in-time |
| Finance lease right-of-use assets, net |
FinanceLeaseRightOfUseAsset
|
$9.00M | USD | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$524.00M | USD | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$524.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.60B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.60B | USD | Point-in-time |
| Intangible Assets, Net (Excluding Goodwill) |
IntangibleAssetsNetExcludingGoodwill
|
$576.00M | USD | Point-in-time |
| Intangible Assets, Net (Excluding Goodwill) |
IntangibleAssetsNetExcludingGoodwill
|
$588.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$258.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$236.00M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$129.00M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$128.00M | USD | Point-in-time |
| Total assets |
Assets
|
$6.55B | USD | Point-in-time |
| Total assets |
Assets
|
$6.83B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$730.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$966.00M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$291.00M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$310.00M | USD | Point-in-time |
| Operating lease current liabilities |
OperatingLeaseLiabilityCurrent
|
$21.00M | USD | Point-in-time |
| Operating lease current liabilities |
OperatingLeaseLiabilityCurrent
|
$21.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.17B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.41B | USD | Point-in-time |
| Operating lease non-current liabilities |
OperatingLeaseLiabilityNoncurrent
|
$528.00M | USD | Point-in-time |
| Operating lease non-current liabilities |
OperatingLeaseLiabilityNoncurrent
|
$528.00M | USD | Point-in-time |
| Revolving line of credit |
LongTermLineOfCredit
|
$800.00M | USD | Point-in-time |
| Revolving line of credit |
LongTermLineOfCredit
|
$900.00M | USD | Point-in-time |
| Long-term debt, net |
OtherLongTermDebtNoncurrent
|
$2.67B | USD | Point-in-time |
| Long-term debt, net |
OtherLongTermDebtNoncurrent
|
$2.67B | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$156.00M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$159.00M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$111.00M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$113.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.55B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.89B | USD | Point-in-time |
| Commitments and contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total equity |
PartnersCapital
|
$811.00M | USD | Point-in-time |
| Total equity |
PartnersCapital
|
$944.00M | USD | Point-in-time |
| Total equity |
PartnersCapital
|
$942.00M | USD | Point-in-time |
| Total equity |
PartnersCapital
|
$1.00B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$6.55B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$6.83B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$5.40B | USD | 1 Quarter |
| Revenues |
Revenues
|
$5.36B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.99B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.97B | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$29.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$27.00M | USD | 1 Quarter |
| Other operating |
OtherCostAndExpenseOperating
|
$82.00M | USD | 1 Quarter |
| Other operating |
OtherCostAndExpenseOperating
|
$81.00M | USD | 1 Quarter |
| Lease expense |
OperatingLeaseExpense
|
$16.00M | USD | 1 Quarter |
| Lease expense |
OperatingLeaseExpense
|
$16.00M | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$47.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$48.00M | USD | 1 Quarter |
| Total cost of sales and operating expenses |
OperatingCostsAndExpenses
|
$5.16B | USD | 1 Quarter |
| Total cost of sales and operating expenses |
OperatingCostsAndExpenses
|
$5.14B | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$199.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$259.00M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$41.00M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$53.00M | USD | 1 Quarter |
| Equity in earnings of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$1.00M | USD | 1 Quarter |
| Equity in earnings of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$2.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$219.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$148.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$7.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| NET INCOME AND COMPREHENSIVE INCOME |
NetIncomeLoss
|
$216.00M | USD | 1 Quarter |
| NET INCOME AND COMPREHENSIVE INCOME |
NetIncomeLoss
|
$141.00M | USD | 1 Quarter |
| Basic |
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
$1.43 | USD | 1 Quarter |
| Basic |
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
$2.35 | USD | 1 Quarter |
| Diluted |
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
$1.41 | USD | 1 Quarter |
| Diluted |
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
$2.32 | USD | 1 Quarter |
| Basic |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
83.68M | shares | 1 Quarter |
| Basic |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
84.06M | shares | 1 Quarter |
| Diluted |
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
84.73M | shares | 1 Quarter |
| Diluted |
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
84.97M | shares | 1 Quarter |
| Cash distributions per unit |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.83 | USD | 1 Quarter |
| Cash distributions per unit |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.84 | USD | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income and comprehensive income |
ProfitLoss
|
$216.00M | USD | 1 Quarter |
| Net income and comprehensive income |
ProfitLoss
|
$141.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$47.00M | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$48.00M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$2.00M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$2.00M | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.00M | USD | 1 Quarter |
| Non-cash unit-based compensation expense |
ShareBasedCompensation
|
$5.00M | USD | 1 Quarter |
| Non-cash unit-based compensation expense |
ShareBasedCompensation
|
$5.00M | USD | 1 Quarter |
| Deferred income tax |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-4.00M | USD | 1 Quarter |
| Deferred income tax |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-41.00M | USD | 1 Quarter |
| Inventory valuation adjustment |
InventoryLIFOReservePeriodCharge
|
$-29.00M | USD | 1 Quarter |
| Inventory valuation adjustment |
InventoryLIFOReservePeriodCharge
|
$-120.00M | USD | 1 Quarter |
| Equity in earnings of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$1.00M | USD | 1 Quarter |
| Equity in earnings of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$2.00M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$199.00M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-317.00M | USD | 1 Quarter |
| Receivables from affiliates |
IncreaseDecreaseInDueFromAffiliatesCurrent
|
$2.00M | USD | 1 Quarter |
| Receivables from affiliates |
IncreaseDecreaseInDueFromAffiliatesCurrent
|
$1.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$-82.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$50.00M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$134.00M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$13.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-225.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$215.00M | USD | 1 Quarter |
| Accounts payable to affiliates |
IncreaseDecreaseInDueToAffiliatesCurrent
|
$18.00M | USD | 1 Quarter |
| Accounts payable to affiliates |
IncreaseDecreaseInDueToAffiliatesCurrent
|
$16.00M | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-16.00M | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-19.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$326.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$23.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$26.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$37.00M | USD | 1 Quarter |
| Deposit for acquisition |
OtherPaymentsToAcquireBusinesses
|
- | USD | 1 Quarter |
| Deposit for acquisition |
OtherPaymentsToAcquireBusinesses
|
$264.00M | USD | 1 Quarter |
| Distributions from unconsolidated affiliates in excess of cumulative earnings |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$1.00M | USD | 1 Quarter |
| Distributions from unconsolidated affiliates in excess of cumulative earnings |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$3.00M | USD | 1 Quarter |
| Proceeds from disposal of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$4.00M | USD | 1 Quarter |
| Proceeds from disposal of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$3.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-285.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-31.00M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$2.00M | USD | 1 Quarter |
| Credit Facility borrowings |
ProceedsFromLinesOfCredit
|
$1.45B | USD | 1 Quarter |
| Credit Facility borrowings |
ProceedsFromLinesOfCredit
|
$759.00M | USD | 1 Quarter |
| Credit Facility repayments |
RepaymentsOfLinesOfCredit
|
$859.00M | USD | 1 Quarter |
| Credit Facility repayments |
RepaymentsOfLinesOfCredit
|
$1.01B | USD | 1 Quarter |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$88.00M | USD | 1 Quarter |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$70.00M | USD | Point-in-time |
| Distributions to unitholders |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$88.00M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-188.00M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$341.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$79.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$107.00M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.00M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$104.00M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$82.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$104.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$82.00M | USD | Point-in-time |
| Change in note payable to affiliate |
IncreaseDecreaseInDueToAffiliates
|
$-4.00M | USD | 1 Quarter |
| Change in note payable to affiliate |
IncreaseDecreaseInDueToAffiliates
|
- | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
PartnersCapital
|
$811.00M | USD | Point-in-time |
| Beginning balance |
PartnersCapital
|
$944.00M | USD | Point-in-time |
| Beginning balance |
PartnersCapital
|
$942.00M | USD | Point-in-time |
| Beginning balance |
PartnersCapital
|
$1.00B | USD | Point-in-time |
| Cash distributions to unitholders |
LimitedPartnersCapitalAccountDistributionAmount
|
$88.00M | USD | 1 Quarter |
| Cash distributions to unitholders |
LimitedPartnersCapitalAccountDistributionAmount
|
$88.00M | USD | 1 Quarter |
| Unit-based compensation |
PartnersCapitalAccountUnitBasedCompensation
|
$5.00M | USD | 1 Quarter |
| Unit-based compensation |
PartnersCapitalAccountUnitBasedCompensation
|
$5.00M | USD | 1 Quarter |
| Partnership net income (loss) |
NetIncomeLoss
|
$216.00M | USD | 1 Quarter |
| Partnership net income (loss) |
NetIncomeLoss
|
$141.00M | USD | 1 Quarter |
| Ending balance |
PartnersCapital
|
$811.00M | USD | Point-in-time |
| Ending balance |
PartnersCapital
|
$944.00M | USD | Point-in-time |
| Ending balance |
PartnersCapital
|
$942.00M | USD | Point-in-time |
| Ending balance |
PartnersCapital
|
$1.00B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.