← ARKO Corp.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | — | — | $72.0m | $34.6m | $20.8m | $22.7m | |
| Net Income (Loss) Attributable to Parent | ($47.2m) | $13.7m | $59.2m | $71.7m | $34.4m | $20.8m | $22.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($47.2m) | $10.4m | $53.5m | $66.0m | $28.6m | $15.1m | $17.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $30.6m | $59.4m | $72.0m | $34.6m | $20.8m | $22.7m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $16.9m | $229k | $231k | $197k | $0 | $0 | |
| Depreciation and amortization | $62.4m | $74.4m | $97.2m | $101.8m | $127.6m | $132.4m | $134.5m | |
| Depreciation, Depletion and Amortization, Nonproduction | — | $74.4m | $97.2m | $101.8m | $127.6m | $132.4m | $134.5m | |
| Amortization of Debt Issuance Costs and Discounts | — | $2.2m | $9.3m | $2.5m | $2.5m | $2.7m | $2.9m | |
| Depreciation | $62.4m | $49.5m | $60.2m | $68.8m | $93.3m | $100.0m | $102.3m | |
| Amortization of deferred financing costs and debt discount | $522k | $2.2m | $9.3m | $2.5m | $2.5m | $2.7m | $2.9m | |
| Amortization of deferred income | ($8.8m) | ($7.7m) | ($10.3m) | ($9.7m) | ($8.1m) | ($14.5m) | ($21.8m) | |
| Depreciation Amortization Depletion | — | — | — | $101.8m | $127.6m | $132.4m | $134.5m | |
| Deferred Income Tax Expense (Benefit) | — | ($4.7m) | $4.8m | $22.3m | ($4.7m) | ($12.8m) | $5.1m | |
| Deferred income taxes | $4.3m | ($4.7m) | $4.8m | $22.3m | ($4.7m) | ($12.8m) | $5.1m | |
| Deferred Income Tax | — | — | — | $22.3m | ($4.7m) | ($12.8m) | $5.1m | |
| Deferred Tax | — | — | — | $22.3m | ($4.7m) | ($12.8m) | $5.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.9m | $5.8m | $12.2m | $15.0m | $12.3m | $15.2m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | ($6.1m) | ($1.4m) | ($5.7m) | ($6.2m) | ($6.8m) | ($8.6m) | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | $2.4m | $1.8m | $1.7m | — | — | — | |
| Loss on disposal of assets and impairment charges | ($1.3m) | $6.1m | $1.4m | $5.7m | $6.2m | $6.8m | $8.6m | |
| Share-based compensation | $516k | $1.9m | $5.8m | $12.2m | $15.0m | $12.3m | $15.2m | |
| Income (Loss) from Equity Method Investments | — | ($1.3m) | $186k | ($74k) | ($39k) | $124k | $108k | |
| Income Tax Expense (Benefit) | — | ($1.5m) | $11.6m | $35.6m | $12.2m | $6.1m | $6.3m | |
| Operating Lease, Lease Income | — | — | — | — | — | $31.3m | $52.7m | |
| (Income) loss from equity investment | $507k | $1.3m | ($186k) | $74k | $39k | ($124k) | ($108k) | |
| Loans to equity investment, net | — | ($189k) | $0 | $174k | $18k | $56k | $621k | |
| Earnings (Loss)es From Equity Investments | — | — | — | $74k | $39k | ($124k) | ($108k) | |
| Changes in operating assets and liabilities: | ||||||||
| Additional Financial Items | ||||||||
| Increase (Decrease) in Accounts Receivable | — | $24.0m | $16.0m | $50.2m | $17.9m | ($38.1m) | ($7.7m) | |
| Increase (Decrease) in Inventories | — | ($6.6m) | $21.8m | $6.8m | $2.0m | ($22.7m) | ($40.6m) | |
| Increase (Decrease) in Accounts Payable | — | $26.9m | $16.8m | $31.6m | ($6.2m) | ($24.2m) | ($34.0m) | |
| Increase (Decrease) in Other Operating Assets | — | $7.9m | $5.4m | ($1.5m) | $29.4m | ($13.9m) | $14.9m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $260k | $601k | $659k | $1.3m | $845k | $755k | |
| Accrued capital expenditures | — | $44.6m | $226.2m | $98.6m | $111.2m | $113.9m | $127.3m | |
| Asset Retirement Obligation, Accretion Expense | — | $1.4m | $1.7m | $1.8m | $2.4m | $2.5m | $2.5m | |
| Foreign Currency Transaction Gain (Loss), Realized | — | ($6.8m) | $1.3m | ($227k) | ($29k) | ($35k) | $86k | |
| General and Administrative Expense | — | $94.4m | $124.7m | $140.0m | $165.3m | $162.9m | $165.7m | |
| Goodwill | — | $173.9m | $197.6m | $217.3m | $292.2m | $300.0m | $300.0m | |
| Operating Expenses | — | $3.9b | $7.3b | $9.0b | $9.3b | $8.6b | $7.5b | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | $96.9m | $0 | $0 | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $4.0b | $7.4b | $9.1b | $9.4b | $8.7b | $7.6b | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | — | $631k | |
| Gain from sale-leaseback | — | — | — | — | $0 | $0 | ($20.8m) | |
| Foreign currency (gain) loss | $10.2m | $6.8m | ($1.3m) | $227k | $29k | $35k | ($86k) | |
| Gain from issuance of shares as payment of deferred consideration related to business acquisition (see Note 4) | — | — | — | $0 | $0 | ($2.7m) | $0 | |
| Gain from settlement related to business acquisition (see Note 4) | — | — | — | $0 | $0 | ($6.4m) | $0 | |
| Accretion of asset retirement obligation | $1.5m | $1.4m | $1.7m | $1.8m | $2.4m | $2.5m | $2.5m | |
| Non-cash rent | $7.6m | $7.1m | $6.4m | $7.9m | $14.2m | $14.3m | $12.1m | |
| Charges to allowance for credit losses | $91k | $260k | $601k | $659k | $1.3m | $845k | $755k | |
| Fair value adjustment of financial assets and liabilities | $0 | ($1.0m) | $3.8m | ($3.4m) | ($10.8m) | ($11.0m) | ($9.7m) | |
| Other operating activities, net | $0 | $115k | $677k | $775k | $2.6m | $125k | ($981k) | |
| Decrease (increase) in trade receivables | ($1.7m) | ($24.0m) | ($16.0m) | ($50.2m) | ($17.9m) | $38.1m | $7.7m | |
| Decrease (Increase) in inventory | ($7.3m) | $6.6m | ($21.8m) | ($6.8m) | ($2.0m) | $22.7m | $40.6m | |
| (Increase) decrease in other assets | $7.2m | ($7.9m) | ($5.4m) | $1.5m | ($29.4m) | $13.9m | ($14.9m) | |
| Decrease in accounts payable | $8.8m | $26.9m | $16.8m | $31.6m | ($6.2m) | ($24.2m) | ($34.0m) | |
| Increase (decrease) in other current liabilities | $5.1m | $46.3m | $7.9m | $6.9m | $990k | ($2.8m) | $8.3m | |
| Decrease in asset retirement obligation | ($450k) | ($393k) | ($130k) | ($95k) | ($23k) | ($917k) | ($604k) | |
| Increase in non-current liabilities | $1.7m | $7.7m | ($1.4m) | $11.6m | $7.8m | $29.6m | $34.5m | |
| Purchase of intangible assets | $0 | ($30k) | ($246k) | ($176k) | ($45k) | $0 | ($83k) | |
| Proceeds from sale of property and equipment | $2.1m | $7.6m | $4.5m | $19.9m | $23.0m | $14.0m | $12.9m | |
| Business and asset acquisitions, net of cash | — | — | — | ($419.7m) | ($494.9m) | ($54.5m) | ($242k) | |
| Prepayment for acquisitions | — | $0 | $0 | ($4.0m) | ($1.0m) | $0 | $0 | |
| Decrease of investments | — | $0 | ($27.1m) | $58.9m | $0 | $0 | — | |
| Receipt of long-term debt, net | $50.9m | $570.2m | $484.1m | $70.9m | $99.6m | $47.6m | $38.8m | |
| Principal payments on financing leases | ($9.1m) | ($8.1m) | ($8.1m) | ($6.5m) | ($5.5m) | ($4.9m) | ($5.7m) | |
| Early settlement of deferred consideration related to business acquisition (see Note 4) | — | — | — | $0 | $0 | ($17.2m) | $0 | |
| Proceeds from sale-leaseback | — | $0 | $44.2m | $55.0m | $80.4m | $0 | $0 | |
| Payment of Additional Consideration | $0 | $0 | ($3.8m) | ($5.9m) | ($3.5m) | ($3.4m) | ($3.2m) | |
| Payment of merger transaction issuance costs | $0 | $0 | ($4.8m) | $0 | $0 | — | — | |
| Payment of Ares Put Option | — | — | $0 | $0 | ($9.8m) | $0 | $0 | |
| Distributions to non-controlling interests | ($8.7m) | ($8.7m) | ($240k) | ($240k) | $0 | $0 | — | |
| Cash received for interest | $1.8m | $1.3m | $428k | $2.0m | $7.9m | $9.5m | $10.8m | |
| Prepaid insurance premiums financed through notes payable | $2.9m | $7.2m | $8.2m | $6.7m | $10.7m | $7.7m | $9.3m | |
| Purchases of equipment in accounts payable and accrued expenses | $5.0m | $4.8m | $7.6m | $9.0m | $14.9m | $10.2m | $12.6m | |
| Extinguishment of financial liability in a sale-leaseback transaction | — | — | — | — | $0 | $0 | $42.4m | |
| Issuance of shares as payment of deferred consideration related to business acquisition | — | — | — | $0 | $0 | $22.3m | $0 | |
| Deferred consideration related to business acquisitions | — | — | $0 | $0 | $47.1m | $0 | $0 | |
| Receipt of related-party receivable payment offset by related-party loan payments | $0 | $7.1m | $0 | $0 | — | — | — | |
| Ares Put Option | $0 | $9.2m | $0 | $0 | — | — | — | |
| Beginning Cash Position | — | — | — | $272.5m | $316.8m | $241.4m | $292.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | $10.6m | $85.4m | ($56.0m) | ($41.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($175.5m) | ($296.8m) | ($114.9m) | ($119.8m) | |
| Change In Account Payable | — | — | — | $31.6m | ($6.2m) | ($24.2m) | ($34.0m) | |
| Change In Inventory | — | — | — | ($6.8m) | ($2.0m) | $22.7m | $40.6m | |
| Change In Other Current Assets | — | — | — | $1.5m | ($29.4m) | $13.9m | ($14.9m) | |
| Change In Other Current Liabilities | — | — | — | $18.5m | $8.8m | $26.8m | $42.8m | |
| Change In Other Working Capital | — | — | — | ($95k) | ($23k) | ($917k) | ($604k) | |
| Change In Payable | — | — | — | $31.6m | ($6.2m) | ($24.2m) | ($34.0m) | |
| Change In Payables And Accrued Expense | — | — | — | $31.6m | ($6.2m) | ($24.2m) | ($34.0m) | |
| Change In Receivables | — | — | — | ($50.2m) | ($17.9m) | $38.1m | $7.7m | |
| Change In Working Capital | — | — | — | ($5.5m) | ($46.7m) | $76.3m | $41.7m | |
| Changes In Account Receivables | — | — | — | ($50.2m) | ($17.9m) | $38.1m | $7.7m | |
| Changes In Cash | — | — | — | $44.3m | ($75.4m) | $51.0m | $31.3m | |
| End Cash Position | — | — | — | $316.8m | $241.4m | $292.4m | $323.7m | |
| Financing Cash Flow | — | — | — | $10.6m | $85.4m | ($56.0m) | ($41.5m) | |
| Free Cash Flow | — | — | — | $110.5m | $24.9m | $107.9m | $65.2m | |
| Investing Cash Flow | — | — | — | ($175.5m) | ($296.8m) | ($114.9m) | ($119.8m) | |
| Issuance Of Capital Stock | — | — | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | ($423.7m) | ($495.9m) | ($54.5m) | ($242k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $227k | $29k | $35k | ($86k) | |
| Net Intangibles Purchase And Sale | — | — | — | ($176k) | ($45k) | $0 | ($83k) | |
| Net PPE Purchase And Sale | — | — | — | $189.3m | $199.1m | ($60.4m) | ($120.1m) | |
| Net Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | $6.0m | $6.3m | $6.7m | $8.4m | |
| Other Non Cash Items | — | — | — | $3.3m | $13.6m | ($1.2m) | ($26.0m) | |
| Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | $0 | ($9.8m) | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | — | $659k | $1.3m | $845k | $755k | |
| Purchase Of Business | — | — | — | ($423.7m) | ($495.9m) | ($54.5m) | ($242k) | |
| Purchase Of Intangibles | — | — | — | ($176k) | ($45k) | $0 | ($83k) | |
| Purchase Of PPE | — | — | — | ($98.6m) | ($111.2m) | ($113.9m) | ($127.3m) | |
| Repurchase Of Capital Stock | — | — | — | ($40.0m) | ($33.7m) | ($32.0m) | ($28.0m) | |
| Sale Of PPE | — | — | — | $287.9m | $310.2m | $53.5m | $7.2m | |
| Stock Based Compensation | — | — | — | $12.2m | $15.0m | $9.7m | $15.2m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | ($3.4m) | ($10.8m) | ($11.0m) | ($9.7m) | |
| Other Operating Income (Expense), Net | — | ($9.2m) | ($3.5m) | ($9.8m) | ($12.7m) | ($7.9m) | $7.0m | |
| Net Cash Provided by (Used in) Operating Activities | $43.3m | $173.8m | $159.2m | $209.3m | $136.1m | $221.9m | $192.6m | |
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.9m | $44.6m | $226.2m | $98.6m | $111.2m | $113.9m | $127.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $364.0m | $203.1m | $419.7m | $494.9m | — | — | |
| Net Investment Purchase And Sale | — | — | ($27.1m) | $58.9m | $0 | $0 | — | |
| Sale Of Investment | — | — | ($27.1m) | $58.9m | $0 | $0 | — | |
| Net Other Investing Changes | — | — | — | $174k | $18k | $56k | $621k | |
| Net Cash Provided by (Used in) Investing Activities | ($73.0m) | ($407.6m) | ($171.8m) | ($175.5m) | ($296.8m) | ($114.9m) | ($119.8m) | |
| Cash flows from financing activities: | ||||||||
| Proceeds from Issuance of Long-term Debt | — | $570.2m | $484.1m | $70.9m | $99.6m | $47.6m | $38.8m | |
| Issuance Of Debt | — | — | — | $125.9m | $180.0m | $47.6m | $38.8m | |
| Long Term Debt Issuance | — | — | — | $125.9m | $180.0m | $47.6m | $38.8m | |
| Net Issuance Payments Of Debt | — | — | — | $73.4m | $152.4m | $16.3m | $9.0m | |
| Net Long Term Debt Issuance | — | — | — | $73.4m | $152.4m | $16.3m | $9.0m | |
| Net Short Term Debt Issuance | — | — | $0 | $0 | — | — | — | |
| Repayment of debt | ($18.1m) | ($58.8m) | ($531.8m) | ($45.9m) | ($22.2m) | ($26.4m) | ($24.1m) | |
| Long Term Debt Payments | — | — | — | ($52.5m) | ($27.7m) | ($31.3m) | ($29.8m) | |
| Common Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | ($40.0m) | ($33.7m) | ($32.0m) | ($28.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $40.0m | $33.7m | $32.0m | $28.0m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $11 | $14 | $14 | $14 | |
| Common stock repurchased | — | $0 | $0 | ($40.0m) | ($33.7m) | ($32.0m) | ($28.0m) | |
| Common Stock Payments | — | — | — | ($40.0m) | ($33.7m) | ($32.0m) | ($28.0m) | |
| Proceeds from Noncontrolling Interests | — | $19.3m | $0 | $0 | — | — | — | |
| Payments of Dividends | — | — | — | $11 | $14 | $14 | $14 | |
| Dividends Payable | — | — | — | $11 | $14 | $14 | — | |
| Dividends paid on common stock | — | $0 | $0 | ($10.9m) | ($14.3m) | ($14.0m) | ($13.6m) | |
| Dividends paid on redeemable preferred stock | $0 | $0 | ($5.9m) | ($5.8m) | ($5.8m) | ($5.8m) | ($5.8m) | |
| Cash Dividends Paid | — | — | — | ($16.6m) | ($20.0m) | ($19.8m) | ($19.4m) | |
| Common Stock Dividend Paid | — | — | — | ($10.9m) | ($14.3m) | ($14.0m) | ($13.6m) | |
| Preferred Stock Dividend Paid | — | — | — | ($5.8m) | ($5.8m) | ($5.8m) | ($5.8m) | |
| Net Other Financing Charges | — | — | — | ($6.2m) | ($3.5m) | ($20.5m) | ($3.2m) | |
| Net cash (used in) provided by financing activities | $31.7m | $491.0m | ($26.4m) | $10.6m | $85.4m | ($56.0m) | ($41.5m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $491.0m | ($26.4m) | $10.6m | $85.4m | ($56.0m) | ($41.5m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.9m | $1.5m | ($97k) | $23k | ($9k) | $27k | |
| Effect of exchange rate on cash and cash equivalents and restricted cash | $1.3m | $2.9m | $1.5m | ($97k) | $23k | ($9k) | $27k | |
| Effect Of Exchange Rate Changes | — | — | — | ($97k) | $23k | ($9k) | $27k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $257.3m | ($39.0m) | — | — | — | — | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $1.9m | $257.3m | ($39.0m) | $44.3m | ($75.4m) | $51.0m | $31.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $313.0m | $272.5m | $316.8m | $241.4m | $292.4m | $323.7m | |
| Cash and cash equivalents and restricted cash, beginning of year | $52.8m | $313.0m | $272.5m | $316.8m | $241.4m | $292.4m | $323.7m | |
| Cash and cash equivalents, beginning of year | $32.1m | $293.7m | $252.1m | $298.5m | $218.1m | $261.8m | $305.0m | |
| Restricted cash, beginning of year | $14.4m | $16.5m | $20.4m | $18.2m | $23.3m | $30.6m | $18.7m | |
| Restricted cash with respect to bonds, beginning of year | $6.2m | $2.8m | $0 | $0 | $0 | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | — | $44.3m | ($75.4m) | $51.0m | $31.3m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $30.6m | $40.0m | $51.5m | $57.7m | $82.5m | $92.1m | $87.3m | |
| Income Taxes Paid, Net | $2.8m | $1.2m | $14.9m | $6.7m | $29.5m | $10.4m | $5.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.