ARKO Corp. (ARKO) Financial Statements (2024 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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments222208223259301285
Cash and cash equivalents218204220256299283
Short-term investments433322
Restricted cash and investments231615161814
Receivables135180136129118122
Inventory, net of allowances, customer advances and progress billings251266256245222225
Inventory251266256245222225
Other current assets118117101888899
Total current assets:749786732737747745
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization163179174179182186
Operating lease, right-of-use asset1,3851,4081,4191,3741,2031,127
Property, plant and equipment743760749781646591
Long-term investments and receivables333333
Long-term investments333333
Intangible assets, net (including goodwill)507491497443414390
Goodwill292278278217217198
Intangible assets, net (excluding goodwill)215213220226197193
Deferred income tax assets524757332318
Other undisclosed noncurrent assets494441413730
Total noncurrent assets:2,9012,9342,9402,8542,5082,344
TOTAL ASSETS:3,6503,7203,6713,5913,2553,089
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities214249233223217211
Accounts payable214249233223217211
Debt262518201717
Other liabilities180188166186154148
Other undisclosed current liabilities676564625856
Total current liabilities:486528482491446432
Noncurrent Liabilities
Long-term debt and lease obligation1,0421,0411,0341,0199662,091
Long-term debt, excluding current maturities829812810794740722
Finance lease, liability213228224225226227
Liabilities, other than long-term debt1,7461,7641,7781,7061,462196
Asset retirement obligations858080726564
Other liabilities267269276247179132
Operating lease, liability1,3951,4151,4231,3871,2181,141
Total noncurrent liabilities:2,7882,8052,8122,7252,4282,287
Total liabilities:3,2743,3333,2943,2162,8742,719
Temporary equity, carrying amount100100100100100100
Equity
Equity, attributable to parent276287277275281270
Common stock000000
Treasury stock, value(74)(66)(54)(42)(40)(40)
Additional paid in capital245243239234230227
Accumulated other comprehensive income999999
Retained earnings9610084748274
Other undisclosed equity 0(0)0(0)00
Total equity:276287278275281270
TOTAL LIABILITIES AND EQUITY:3,6503,7203,6713,5913,2553,089

Income Statement (P&L) ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues2,2332,622(2,469)(2,088)2,1802,450
Cost of revenue
(Cost of Goods and Services Sold)
(291)(312)(307)(264)(739)(275)
Gross profit:1,9432,310(2,776)(2,353)1,4412,175
Operating expenses(2,207)(2,574)(2,425)(2,077)(2,140)(2,383)
Other operating expense, net(1)(4)(5)(3)(7)(1)
Other undisclosed operating income2913125,2454,441739275
Operating income (loss):25444093466
Interest and debt expense(24)(24)(23)(21)(17)(22)
Other undisclosed income from continuing operations before equity method investments, income taxes192713
Income (loss) from continuing operations before equity method investments, income taxes:22920(5)1746
Income (loss) from equity method investments0(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:22919(5)1746
Income tax expense (benefit)(1)(8)(5)2(4)(21)
Income (loss) from continuing operations:12114(3)1325
Income before gain (loss) on sale of properties:25
Net income (loss):12114(3)1325
Net loss attributable to noncontrolling interest (0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:12114(3)1325
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)
Net income (loss) available to common stockholders, basic:(0)2013(4)1123
Dilutive securities, effect on basic earnings per share (0)21 01
Other undisclosed net income (loss) available to common stockholders, diluted 0(2)(1) 1(2)
Net income (loss) available to common stockholders, diluted:(0)2013(4)1323

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):12114(3)1325
Comprehensive income (loss):12114(3)1325
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(0)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:12114(3)1325

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.

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