← GLOBAL PARTNERS LP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Accounts receivable, net (less allowance of $4,174 and $3,132 at December 31, 2025 and 2024, respectively) | $421.4m | $417.3m | $334.8m | $413.2m | $227.3m | $411.2m | $478.8m | $551.8m | $472.6m | $530.1m | |
| Accounts receivable-affiliates | $3.1m | $3.8m | $5.4m | $7.8m | $2.4m | $1.1m | $2.4m | $8.1m | $6.2m | $2.6m | |
| Cash and Cash Equivalents, at Carrying Value | $10.0m | $14.9m | — | — | — | — | — | — | — | — | |
| Cash and cash equivalents | $10.0m | $14.9m | $8.1m | $12.0m | $9.7m | $10.8m | $4.0m | $19.6m | $8.2m | $12.2m | |
| Prepaid Expense and Other Assets, Current | $70.0m | $78.0m | $99.0m | $81.9m | $119.3m | $87.1m | $74.0m | $90.5m | $92.4m | $98.5m | |
| Prepaid expenses and other current assets | $70.0m | $78.0m | $99.0m | $81.9m | $119.3m | $87.1m | $74.0m | $90.5m | $92.4m | $98.5m | |
| Inventory, Net | $521.9m | $350.7m | $386.4m | $450.5m | $384.4m | $509.5m | $566.7m | $397.3m | $594.1m | $549.1m | |
| Assets, Current | $1.1b | $878.1m | $874.9m | $1.0b | $781.4m | $1.1b | $1.2b | $1.1b | $1.2b | $1.2b | |
| Total current assets | $1.1b | $878.1m | $874.9m | $1.0b | $781.4m | $1.1b | $1.2b | $1.1b | $1.2b | $1.2b | |
| Property, Plant and Equipment, Net | $1.1b | $1.0b | $1.1b | $1.1b | $1.1b | $1.1b | $1.2b | $1.5b | $1.7b | $1.7b | |
| Goodwill | $294.8m | $312.4m | $327.4m | $324.5m | $323.6m | $328.1m | $427.8m | $429.2m | $421.9m | $421.9m | |
| Intangible Assets, Net (Excluding Goodwill) | $65.0m | $56.5m | $58.5m | $46.8m | $35.9m | $26.0m | $26.9m | $20.7m | $18.7m | $13.3m | |
| Intangible assets, net | $65.0m | $56.5m | $58.5m | $46.8m | $35.9m | $26.0m | $26.9m | $20.7m | $18.7m | $13.3m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $296.7m | $290.5m | $280.3m | $288.1m | $252.8m | $302.2m | $378.4m | |
| Other Assets, Noncurrent | $28.9m | $36.4m | $30.8m | $31.1m | $26.6m | $32.3m | $30.7m | $37.5m | $38.7m | $38.4m | |
| Other assets | $28.9m | $36.4m | $30.8m | $31.1m | $26.6m | $32.3m | $30.7m | $37.5m | $38.7m | $38.4m | |
| Right of use assets, net | — | — | — | $296.7m | $290.5m | $280.3m | $288.1m | $252.8m | $302.2m | $378.4m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $421.4m | $417.3m | $334.8m | $413.2m | $227.3m | $411.2m | $478.8m | $551.8m | $472.6m | $530.1m | |
| Accrued Liabilities, Current | $70.4m | $99.5m | $117.3m | $102.8m | $126.8m | $138.7m | $157.0m | $179.9m | $223.3m | $207.6m | |
| Accrued expenses and other current liabilities | $70.4m | $99.5m | $117.3m | $102.8m | $126.8m | $138.7m | $157.0m | $179.9m | $223.3m | $207.6m | |
| Brokerage margin deposits | $27.7m | $9.7m | $14.8m | $34.5m | $21.7m | $33.7m | $23.4m | $12.8m | $20.1m | $17.8m | |
| Derivative assets | $21.4m | $3.8m | $26.4m | $4.6m | $16.6m | $11.7m | $19.8m | $17.7m | $13.7m | $17.1m | |
| Derivative liabilities | $27.4m | $13.7m | $4.5m | $12.7m | $12.1m | $31.7m | $17.7m | $5.0m | $6.1m | $4.5m | |
| Environmental liabilities-current portion | $5.3m | $5.0m | $6.1m | $5.0m | $4.5m | $4.6m | $4.6m | $5.1m | $7.7m | $7.2m | |
| Environmental liabilities-less current portion | $57.7m | $53.0m | $57.1m | $54.3m | $49.2m | $48.2m | $64.0m | $71.1m | $91.4m | $88.8m | |
| Equity method investments | — | — | — | — | — | — | — | $94.4m | $92.7m | $113.8m | |
| Financing obligations | $152.4m | $150.3m | $150.0m | $148.1m | $146.5m | $144.4m | $141.8m | $138.5m | $134.5m | $128.5m | |
| General partner interest (0.67% interest with 230,303 equivalent units outstanding at December 31, 2025 and 2024) | ($2.9m) | ($3.0m) | ($2.5m) | ($2.6m) | ($2.2m) | ($1.9m) | $406k | $1.8m | $3.1m | $3.6m | |
| Lease liability-current portion | — | — | — | $68.2m | $75.4m | $62.4m | $64.9m | $59.9m | $56.8m | $73.8m | |
| Lease liability-less current portion | — | — | — | $239.3m | $226.6m | $228.2m | $231.4m | $200.2m | $251.7m | $311.4m | |
| Limited partner interest | $401.0m | $399.4m | $505.1m | $465.8m | $496.1m | $531.6m | $788.5m | $798.5m | $713.5m | $672.0m | |
| Partners' Capital | $392.7m | $391.0m | $497.3m | $458.1m | $495.5m | $527.8m | $788.4m | $800.7m | $716.6m | $675.5m | |
| Revolving credit facility | $216.7m | $196.0m | $220.0m | $192.7m | $122.0m | $43.4m | $99.0m | $380.0m | $167.0m | $103.5m | |
| Senior notes | $659.1m | $661.8m | $664.5m | $690.5m | $737.6m | $739.3m | $741.0m | $742.7m | $1.2b | $1.2b | |
| Trustee taxes payable | $101.2m | $110.3m | $42.6m | $42.9m | $36.6m | $44.2m | $43.0m | $67.4m | $66.8m | $83.8m | |
| Working capital revolving credit facility-current portion | $274.6m | $126.7m | $103.3m | $148.9m | $34.4m | $204.7m | $153.4m | $16.8m | $129.5m | $126.1m | |
| Working capital revolving credit facility-less current portion | $150.0m | $100.0m | $150.0m | $175.0m | $150.0m | $150.0m | — | — | $100.0m | $100.0m | |
| Total partners' equity | $397.8m | $394.3m | $499.2m | $459.2m | $495.5m | $527.8m | $788.4m | $800.7m | $716.6m | $675.5m | |
| Assets | $2.6b | $2.3b | $2.4b | $2.8b | $2.5b | $2.8b | $3.2b | $3.4b | $3.8b | $3.9b | |
| Total assets | $2.6b | $2.3b | $2.4b | $2.8b | $2.5b | $2.8b | $3.2b | $3.4b | $3.8b | $3.9b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $320.3m | $313.4m | $309.0m | $373.4m | $207.9m | $353.3m | $530.9m | $648.7m | $510.0m | $573.2m | |
| Operating Lease, Liability, Current | — | — | — | $68.2m | $75.4m | $62.4m | $64.9m | $59.9m | $56.8m | $73.8m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $239.3m | $226.6m | $228.2m | $231.4m | $200.2m | $251.7m | $311.4m | |
| Liabilities, Current | $799.2m | $668.7m | $582.8m | $753.9m | $497.5m | $839.6m | $971.5m | $982.8m | $1.0b | $1.1b | |
| Total current liabilities | $799.2m | $668.7m | $582.8m | $753.9m | $497.5m | $839.6m | $971.5m | $982.8m | $1.0b | $1.1b | |
| Deferred Income Tax Liabilities, Net | $66.1m | $40.1m | $42.9m | $42.9m | $56.2m | $56.8m | $66.4m | $68.9m | $63.5m | $64.5m | |
| Deferred tax liabilities | $66.1m | $40.1m | $42.9m | $42.9m | $56.2m | $56.8m | $66.4m | $68.9m | $63.5m | $64.5m | |
| Other Liabilities, Noncurrent | $64.9m | $56.0m | $57.9m | $52.5m | $59.3m | $53.5m | $57.3m | $61.2m | $76.6m | $69.5m | |
| Other long-term liabilities | $64.9m | $56.0m | $57.9m | $52.5m | $59.3m | $53.5m | $57.3m | $61.2m | $76.6m | $69.5m | |
| Deferred Tax Liabilities, Net | $66.1m | $40.1m | $42.9m | $42.9m | $56.2m | $56.8m | $66.4m | $68.9m | $63.5m | $64.5m | |
| Liabilities | $2.2b | $1.9b | $1.9b | $2.3b | $2.0b | $2.3b | $2.4b | $2.6b | $3.1b | $3.2b | |
| Total liabilities | $2.2b | $1.9b | $1.9b | $2.3b | $2.0b | $2.3b | $2.4b | $2.6b | $3.1b | $3.2b | |
| Stockholders’ equity: | |||||||||||
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5.4m) | ($5.5m) | ($5.3m) | ($5.1m) | $1.6m | ($1.9m) | ($449k) | $381k | — | — | |
| Partners' Capital, Including Portion Attributable to Noncontrolling Interest | $397.8m | $394.3m | $499.2m | $459.2m | $495.5m | $527.8m | $788.4m | $800.7m | $716.6m | $675.5m | |
| Liabilities and Equity | $2.6b | $2.3b | $2.4b | $2.8b | $2.5b | $2.8b | $3.2b | $3.4b | $3.8b | $3.9b | |
| Total liabilities and partners' equity | $2.6b | $2.3b | $2.4b | $2.8b | $2.5b | $2.8b | $3.2b | $3.4b | $3.8b | $3.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.