10-Q Filing

Sunoco LP CIK: 1552275 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-006425`
Period End Date	20150630
Filing Date	20150806
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	sun-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 55 Cash Flow Statement 41 Stockholders Equity 12

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$18.13M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$27.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.19M	USD	Point-in-time
Advances to affiliates	`AdvancesToAffiliateCurrent`	$198.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$293.14M	USD	Point-in-time
Advances to affiliates	`AdvancesToAffiliateCurrent`	$396.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$382.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$193.68M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$193.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$226.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$234.90M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$13.70M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$13.76M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$24.74M	USD	Point-in-time
Receivables from affiliates	`DueFromAffiliateCurrent`	$33.14M	USD	Point-in-time
Inventories, net	`InventoryNet`	$325.05M	USD	Point-in-time
Inventories, net	`InventoryNet`	$362.47M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.28M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$52.82M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$51.06M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$905.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.06B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Goodwill	`Goodwill`	$863.46M	USD	Point-in-time
Goodwill	`Goodwill`	$814.82M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$451.59M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$357.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.51M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$14.89M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$18.13M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$27.29M	USD	Point-in-time
Total assets	`Assets`	$3.58B	USD	Point-in-time
Total assets	`Assets`	$3.61B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$293.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$382.05M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$15.14M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrent`	$77.72M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$193.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$234.90M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$13.70M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$13.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$619.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$604.69M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$683.38M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$724.69M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligationsNoncurrentExcludingLineOfCredit`	$173.38M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligationsNoncurrentExcludingLineOfCredit`	$969.73M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$52.82M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$51.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.53B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.35B	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 partners' capital	`PartnersCapital`	$1.14B	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$1.17B	USD	Point-in-time
Total equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Noncontrolling interest	`PartnersCapitalAttributableToNoncontrollingInterest`	$56.29M	USD	Point-in-time
Noncontrolling interest	`PartnersCapitalAttributableToNoncontrollingInterest`	$-5.64M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.61B	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Retail motor fuel sales	`FuelSalesRevenueRetail`	$189.89M	USD	1 Quarter
Retail motor fuel sales	`FuelSalesRevenueRetail`	$350.65M	USD	2 Qtrs
Wholesale motor fuel sales to third parties	`FuelSalesRevenueThirdParties`	$5.22B	USD	2 Qtrs
Wholesale motor fuel sales to third parties	`FuelSalesRevenueThirdParties`	$2.77B	USD	1 Quarter
Wholesale motor fuel sales to affiliates	`FuelSalesRevenueToAffiliates`	$1.99B	USD	2 Qtrs
Wholesale motor fuel sales to affiliates	`FuelSalesRevenueToAffiliates`	$1.16B	USD	1 Quarter
Merchandise sales	`SalesRevenueGoodsNet`	$56.97M	USD	1 Quarter
Merchandise sales	`SalesRevenueGoodsNet`	$104.49M	USD	2 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$23.87M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$46.69M	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$7.79M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$15.06M	USD	2 Qtrs
Total revenues	`Revenues`	$7.73B	USD	2 Qtrs
Total revenues	`Revenues`	$4.21B	USD	1 Quarter
Retail motor fuel cost of sales	`FuelCostsForSalesRetail`	$169.01M	USD	1 Quarter
Retail motor fuel cost of sales	`FuelCostsForSalesRetail`	$308.58M	USD	2 Qtrs
Wholesale motor fuel cost of sales	`WholesaleMotorFuelCostOfSales`	$3.76B	USD	1 Quarter
Wholesale motor fuel cost of sales	`WholesaleMotorFuelCostOfSales`	$6.94B	USD	2 Qtrs
Merchandise cost of sales	`CostOfGoodsSold`	$77.04M	USD	2 Qtrs
Merchandise cost of sales	`CostOfGoodsSold`	$42.21M	USD	1 Quarter
Other	`OtherCostOfOperatingRevenue`	$510.00K	USD	1 Quarter
Other	`OtherCostOfOperatingRevenue`	$1.75M	USD	2 Qtrs
Total cost of sales	`CostOfRevenue`	$3.97B	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$7.33B	USD	2 Qtrs
Gross profit	`GrossProfit`	$398.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$236.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$27.65M	USD	1 Quarter
Other operating	`OtherCostAndExpenseOperating`	$95.05M	USD	2 Qtrs
Other operating	`OtherCostAndExpenseOperating`	$48.76M	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$21.89M	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$11.38M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$156.00K	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$30.00K	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$33.23M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$63.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$232.65M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$120.98M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$115.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$166.19M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$27.45M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$20.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.74M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$95.47M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$350.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-480.00K	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$95.95M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$138.38M	USD	2 Qtrs
Less: Net income and comprehensive income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.08M	USD	1 Quarter
Less: Net income and comprehensive income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.93M	USD	2 Qtrs
Less: Preacquisition income from Sunoco LLC allocated to general partner	`NetIncomeLossAllocatedToGeneralPartners`	$24.52M	USD	2 Qtrs
Net income and comprehensive income attributable to partners	`NetIncomeLoss`	$34.87M	USD	1 Quarter
Net income and comprehensive income attributable to partners	`NetIncomeLoss`	$51.94M	USD	2 Qtrs
Cash distribution per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$0.69	USD	1 Quarter
Cash distribution per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$1.34	USD	2 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$95.95M	USD	1 Quarter
Net income	`ProfitLoss`	$138.38M	USD	2 Qtrs
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$33.23M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$63.47M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$1.20M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$821.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$156.00K	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$30.00K	USD	1 Quarter
Non-cash unit based compensation expense	`ShareBasedCompensation`	$1.03M	USD	2 Qtrs
Non-cash unit based compensation expense	`ShareBasedCompensation`	$479.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$476.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivablesNetCurrent`	$33.30M	USD	2 Qtrs
Accounts receivable from affiliates	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$6.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$37.41M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-41.62M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$101.02M	USD	2 Qtrs
Accounts payable to affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-62.58M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-74.55M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-7.93M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$125.17M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.72M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.43M	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$50.61M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.71M	USD	2 Qtrs
Acquisition of Sunoco LLC, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$774.96M	USD	2 Qtrs
Other acquisitions	`OtherPaymentsToAcquireBusinesses`	$16.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-939.08M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfLongTermDebt`	$800.00M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$3.70M	USD	2 Qtrs
Revolver, borrowings	`ProceedsFromLinesOfCredit`	$248.62M	USD	2 Qtrs
Revolver, repayments	`RepaymentsOfLinesOfCredit`	$207.31M	USD	2 Qtrs
Advances to affiliates	`AdvancesToAffiliatesFinancingActivities`	$-197.73M	USD	2 Qtrs
Distributions to Parent	`PaymentsOfDistributionsToAffiliates`	$179.18M	USD	2 Qtrs
Distributions to Unitholders	`PaymentsOfDistributionsToUnitholders`	$46.54M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-126.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$809.49M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.42M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$62.77M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$67.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.19M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Cash distribution to general partner	`ContributionOfAssetsBetweenEntitiesUnderCommonControlAboveHistoricCost`	$-40.84M	USD	2 Qtrs
Cash distribution to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$21.02M	USD	Point-in-time
Cash distribution to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$23.11M	USD	Point-in-time
Cash distribution to unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$46.54M	USD	2 Qtrs
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.04M	USD	2 Qtrs
Other	`PartnersCapitalOther`	$2.07M	USD	2 Qtrs
Partnership net income	`ProfitLoss`	$95.95M	USD	1 Quarter
Partnership net income	`ProfitLoss`	$138.38M	USD	2 Qtrs
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time

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