ARKO Corp. (ARKO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
8565 MAGELLAN PKWY RICHMOND, VA 23227 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5412 - Retail-convenience Stores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 222 | 301 | 311 | |||
| Cash and cash equivalents | 218 | 299 | 252 | |||
| Short-term investments | 4 | 2 | 59 | |||
| Restricted cash and investments | 23 | 18 | 20 | |||
| Receivables | 135 | 118 | 62 | |||
| Inventory, net of allowances, customer advances and progress billings | 251 | 222 | 198 | |||
| Inventory | 251 | 222 | 198 | |||
| Other current assets | 118 | 88 | 92 | |||
| Total current assets: | 749 | 747 | 684 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 163 | 182 | 192 | |||
| Operating lease, right-of-use asset | 1,385 | 1,203 | 1,065 | |||
| Property, plant and equipment | 743 | 646 | 549 | |||
| Long-term investments and receivables | 3 | 3 | 3 | |||
| Long-term investments | 3 | 3 | 3 | |||
| Intangible assets, net (including goodwill) | 507 | 414 | 384 | |||
| Goodwill | 292 | 217 | 198 | |||
| Intangible assets, net (excluding goodwill) | 215 | 197 | 186 | |||
| Deferred income tax assets | 52 | 23 | 41 | |||
| Other undisclosed noncurrent assets | 49 | 37 | 25 | |||
| Total noncurrent assets: | 2,901 | 2,508 | 2,259 | |||
| TOTAL ASSETS: | 3,650 | 3,255 | 2,942 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 214 | 217 | 173 | |||
| Accounts payable | 214 | 217 | 173 | |||
| Debt | 26 | 17 | 47 | |||
| Other liabilities | 180 | 154 | 137 | |||
| Other undisclosed current liabilities | 67 | 58 | 51 | |||
| Total current liabilities: | 486 | 446 | 408 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,042 | 966 | 1,983 | |||
| Long-term debt, excluding current maturities | 829 | 740 | 677 | |||
| Finance lease, liability | 213 | 226 | 229 | |||
| Liabilities, other than long-term debt | 1,746 | 1,462 | 197 | |||
| Asset retirement obligations | 85 | 65 | 58 | |||
| Deferred income tax liabilities | 3 | |||||
| Other liabilities | 267 | 179 | 137 | |||
| Operating lease, liability | 1,395 | 1,218 | 1,077 | |||
| Total noncurrent liabilities: | 2,788 | 2,428 | 2,180 | |||
| Total liabilities: | 3,274 | 2,874 | 2,589 | |||
| Temporary equity, carrying amount | 100 | 100 | 100 | |||
| Equity | ||||||
| Equity, attributable to parent | 276 | 281 | 253 | |||
| Common stock | 0 | 0 | 0 | |||
| Treasury stock, value | (74) | (40) | ||||
| Additional paid in capital | 245 | 230 | 215 | |||
| Accumulated other comprehensive income | 9 | 9 | 9 | |||
| Retained earnings | 96 | 82 | 30 | |||
| Equity, attributable to noncontrolling interest | 0 | |||||
| Other undisclosed equity | 0 | 0 | ||||
| Total equity: | 276 | 281 | 254 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,650 | 3,255 | 2,942 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 9,413 | 9,143 | 7,417 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,174) | (1,015) | (1,005) | ||
| Gross profit: | 8,239 | 8,128 | 6,413 | ||
| Operating expenses | (9,282) | (8,966) | (7,272) | ||
| Other operating expense, net | (13) | (10) | (4) | ||
| Other undisclosed operating income | 1,174 | 1,015 | 1,005 | ||
| Operating income: | 118 | 167 | 142 | ||
| Interest and debt expense | (92) | (63) | (74) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 20 | 3 | 3 | ||
| Income from continuing operations before equity method investments, income taxes: | 47 | 108 | 71 | ||
| Income (loss) from equity method investments | (0) | (0) | 0 | ||
| Income from continuing operations before income taxes: | 47 | 108 | 71 | ||
| Income tax expense | (12) | (36) | (12) | ||
| Income from continuing operations: | 35 | 72 | 59 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 59 | |
| Net income: | 35 | 72 | 59 | ||
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | ||
| Net income attributable to parent: | 34 | 72 | 59 | ||
| Preferred stock dividends and other adjustments | (6) | (6) | (6) | ||
| Net income available to common stockholders, basic: | 29 | 66 | 53 | ||
| Dilutive securities, effect on basic earnings per share | 1 | 1 | 0 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | (1) | (1) | (1) | ||
| Net income available to common stockholders, diluted: | 29 | 66 | 53 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income: | 35 | 72 | 59 | ||
| Comprehensive income: | 35 | 72 | 59 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | ||
| Comprehensive income, net of tax, attributable to parent: | 34 | 72 | 59 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.