← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $362.2m $152.5m $110.3m $98.0m
Net Income (Loss) Attributable to Parent ($238.6m) $58.8m $103.9m $35.9m $102.2m $60.8m $362.2m $152.5m $110.3m $98.0m
Net Income (Loss) Attributable to Noncontrolling Interest — ($1.6m) ($1.5m) ($689k) ($528k) — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($238.6m) $57.1m $102.4m $35.2m $101.7m $60.8m $362.2m $152.5m $110.3m $98.0m
Amortization of Debt Issuance Costs $6.0m $5.6m $5.4m $5.0m $5.2m $5.0m $5.4m $5.7m $7.4m $7.5m
Amortization of Intangible Assets $9.4m $9.2m $11.0m $11.4m $10.8m $10.7m $8.9m $8.1m $8.3m $5.3m
Amortization of deferred financing fees $6.0m $5.6m $5.4m $5.0m $5.2m $5.0m $5.4m $5.7m $7.4m $7.5m
Depreciation Amortization Depletion — — — — — — $104.8m $110.1m $139.7m $142.6m
Depreciation And Amortization — — — — — — $104.8m $110.1m $139.7m $142.6m
Depreciation and amortization $111.9m $105.7m $106.8m $108.2m $100.1m $102.2m $104.8m $110.1m $139.7m $142.6m
Deferred Income Tax — — — — — — $9.6m $2.5m ($5.4m) $986k
Deferred Income Tax Expense (Benefit) ($18.8m) ($25.9m) $2.8m $23k $13.3m $599k $9.6m $2.5m ($5.4m) $986k
Deferred Tax — — — — — — $9.6m $2.5m ($5.4m) $986k
Deferred income taxes ($18.8m) ($25.9m) $2.8m $23k $13.3m $599k $9.6m $2.5m ($5.4m) $986k
Asset Impairment Charge — — — — — — $131k $1.3m $1.9m $1.5m
Goodwill, Impairment Loss $121.8m — — — — — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $0 $0 — —
Long-lived asset impairment $150.0m $809k $414k $2.0m $1.9m $380k $0 $0 $492k $231k
Operating Lease, Impairment Loss — — — — $1.9m — — — — —
Payment, Tax Withholding, Share-based Payment Arrangement — $522k $835k $657k $277k $2.2m $1.6m $469k $1.8m $13.4m
Share-based Payment Arrangement, Noncash Expense $4.1m $2.8m $2.7m $2.0m $1.1m $707k $2.7m $10.6m $15.5m $13.4m
Dividends received of equity method investments — — — — — — — $2 $19 $13
Dividends received on equity method investments — — — — — — — $1 $0 $0
Earnings (Loss)es From Equity Investments — — — — — — $0 ($2.5m) $1.5m ($4.5m)
Equity method investments — — — — — — — ($95.3m) ($19.1m) ($29.5m)
Gain (Loss) on Disposition of Assets ($20.5m) $1.6m ($5.9m) ($2.7m) $275k ($506k) ($79.9m) ($2.6m) ($9.5m) ($3.3m)
Gain (Loss) on Disposition of Other Assets ($164k) ($139k) ($498k) ($137k) ($610k) ($196k) $95k $149k $88k $995k
Gain (Loss) on Extinguishment of Debt — — — ($13.1m) ($7.2m) — — — — ($3.0m)
Income (Loss) from Equity Method Investments — — — — — — — $2.5m ($1.5m) $4.5m
Income Tax Expense (Benefit) $53k ($23.6m) $5.6m $1.1m ($119k) $1.3m $16.8m $8.1m $4.6m $1.1m
Loss on early extinguishment of debt — — — $13.1m $7.2m — — — — $3.0m
Net gain on sale and disposition of assets — ($1.6m) $5.9m ($2.7m) $275k ($506k) ($79.9m) ($2.6m) ($9.5m) ($3.3m)
Operating Lease, Lease Income — — — $74.2m $73.3m $77.4m $81.9m $83.5m $86.9m $89.3m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $17.4m ($6.8m) ($4.4m) $64.4m ($165.5m) $145.4m $177.6m $117.8m ($138.7m) $63.2m
Accounts receivable ($110.2m) $3.9m $81.9m ($79.0m) $185.2m ($183.8m) ($67.8m) ($73.8m) $79.2m ($58.8m)
Accounts receivable-affiliate ($565k) ($630k) ($1.7m) ($2.4m) $5.4m $1.3m ($1.2m) ($5.8m) $1.9m $3.6m
Accrued expenses, all other current liabilities and other long-term liabilities $16.7m $15.8m $14.5m ($13.3m) $31.3m ($3.1m) $17.6m $17.8m $33.0m ($29.2m)
Acquisition — ($38.5m) ($171.6m) — — ($18.0m) ($256.2m) ($1.5m) — —
Acquisitions of terminals — — — — — — — ($313.2m) ($215.1m) —
Bad debt expense $231k $211k $588k $560k $710k ($51k) $131k $855k ($20k) $1.2m
Beginning Cash Position — — — — — — $10.8m $4.0m $19.6m $8.2m
Broker margin deposits $3.7m $18.0m ($5.1m) ($19.7m) $12.8m ($12.0m) $10.2m $10.7m ($7.4m) $2.3m
Cash Flow From Continuing Financing Activities — — — — — — ($250.6m) ($4.5m) $233.8m ($179.8m)
Cash Flow From Continuing Investing Activities — — — — — — ($236.2m) ($492.4m) ($276.9m) ($101.0m)
Change In Account Payable — — — — — — $177.6m $117.8m ($138.7m) $63.2m
Change In Accrued Expense — — — — — — $17.6m $17.8m $33.0m ($29.2m)
Change In Income Tax Payable — — — — — — ($1.3m) $24.4m ($645k) $17.0m
Change In Inventory — — — — — — ($52.1m) $172.1m ($200.4m) $44.4m
Change In Other Working Capital — — — — — — ($11.9m) $151k ($2.3m) ($2.6m)
Change In Payable — — — — — — $176.4m $142.2m ($139.4m) $80.3m
Change In Payables And Accrued Expense — — — — — — $194.0m $160.0m ($106.3m) $51.1m
Change In Prepaid Assets — — — — — — $14.0m ($19.2m) ($2.2m) ($12.4m)
Change In Receivables — — — — — — ($69.0m) ($79.5m) $81.1m ($55.2m)
Change In Tax Payable — — — — — — ($1.3m) $24.4m ($645k) $17.0m
Change In Working Capital — — — — — — $75.0m $233.5m ($230.1m) $25.3m
Change in derivatives $40.2m $2.3m ($31.8m) $30.0m ($12.6m) $24.5m ($22.2m) ($10.5m) $5.1m ($4.9m)
Changes In Account Receivables — — — — — — ($69.0m) ($79.5m) $81.1m ($55.2m)
Changes In Cash — — — — — — ($6.8m) $15.6m ($11.4m) $4.0m
Distribution equivalent rights — — — — — — — ($149k) ($566k) ($4.0m)
Distributions to limited partners and general partner ($62.5m) ($62.7m) ($66.0m) ($76.6m) ($71.4m) ($91.9m) ($100.5m) ($144.7m) ($121.6m) ($126.6m)
End Cash Position — — — — — — $4.0m $19.6m $8.2m $12.2m
Financing Cash Flow — — — — — — ($250.6m) ($4.5m) $233.8m ($179.8m)
Foreign Currency Transaction Gain (Loss), Realized — $0 — — — — — — — —
Free Cash Flow — — — — — — $373.2m $110.4m ($286.8m) $193.3m
Gain (Loss) on Termination of Lease — — $3.5m $493k — — — — — —
Goodwill $294.8m $312.4m $327.4m $324.5m $323.6m $328.1m $427.8m $429.2m $421.9m $421.9m
Increase (Decrease) in Accounts Payable $17.4m ($6.8m) ($4.4m) $64.4m ($165.5m) $145.4m $177.6m $117.8m ($138.7m) $63.2m
Increase (Decrease) in Accounts Receivable $110.2m ($3.9m) ($81.9m) $79.0m ($185.2m) $183.8m $67.8m $73.8m ($79.2m) $58.8m
Increase (Decrease) in Inventories $135.9m ($173.2m) $29.8m $64.8m ($65.6m) $123.9m $52.1m ($172.1m) $200.4m ($44.4m)
Inventories ($135.9m) $173.2m ($29.8m) ($64.8m) $65.6m ($123.9m) ($52.1m) $172.1m ($200.4m) $44.4m
Investing Cash Flow — — — — — — ($236.2m) ($492.4m) ($276.9m) ($101.0m)
Issuance Of Capital Stock — — — — — $72.2m $0 $0 — —
LTIP units withheld for tax obligations — ($522k) ($835k) ($657k) ($277k) ($2.2m) ($1.6m) ($469k) ($1.8m) ($13.4m)
Net (payments on) borrowings from revolving credit facility ($52.3m) ($218.6m) $50.6m $43.3m ($210.2m) $91.7m ($145.7m) $144.4m ($300k) ($66.9m)
Net Business Purchase And Sale — — — — — — ($256.2m) ($96.8m) ($19.1m) ($29.5m)
Net PPE Purchase And Sale — — — — — — $128.5m ($300.3m) ($166.5m) $6.6m
Operating Costs and Expenses $288.5m $283.6m $321.1m $342.4m $323.3m $353.6m $445.3m $450.6m $515.3m $519.5m
Operating Expenses $698.7m $463.3m $453.2m $523.5m $528.9m $577.0m $637.4m $729.9m $806.7m $827.4m
Operating Gains Losses — — — — — — ($79.9m) ($5.1m) ($8.0m) ($4.9m)
Other Non Cash Items — — — — — — $5.4m $5.7m $7.4m $7.5m
Prepaid expenses, all other current assets and other assets $3.0m ($13.7m) ($15.9m) $14.4m ($35.5m) $24.6m $14.0m ($19.2m) ($2.2m) ($12.4m)
Proceeds from sale of property and equipment, net $77.7m $32.8m $18.4m $17.1m $8.2m $6.4m $128.5m $12.9m $48.6m $6.6m
Proceeds from senior notes, net — — — $392.6m $344.8m — — — $441.3m $441.2m
Purchase Of Business — — — — — — ($256.2m) ($1.5m) $0 $0
Purchase Of PPE $71.3m $49.9m $69.2m $82.9m $76.3m $101.7m $0 ($313.2m) ($215.1m) $0
Repayment of senior notes — — — ($381.9m) ($306.5m) — — — — ($400.0m)
Repurchase Of Capital Stock — — — — — — ($4.5m) ($4.0m) ($85.0m) ($23.4m)
Repurchase of common units — — — — ($291k) ($3.8m) ($2.9m) ($3.5m) ($14.2m) ($10.0m)
Sale Of PPE — — — — — — $128.5m $12.9m $48.6m $6.6m
Seller note issuances, net — ($6.1m) ($3.3m) ($1.4m) ($1.6m) ($1.7m) ($1.7m) ($8.5m) ($7.0m) $938k
Stock Based Compensation — — — — — — $2.7m $10.6m $15.5m $13.4m
Trustee taxes payable $5.9m $9.2m ($15.1m) $319k ($6.3m) $7.6m ($1.3m) $24.4m ($645k) $17.0m
Unit-based compensation expense $4.1m $2.8m $2.7m $2.0m $1.1m $707k $2.7m $10.6m $15.5m $13.4m
Write-off of financing fees $1.8m $573k — $188k $667k $365k — $482k $1.4m —
Net Cash Provided by (Used in) Operating Activities ($119.9m) $348.4m $168.9m $94.4m $312.5m $50.2m $480.0m $512.4m $31.6m $284.8m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($106.8m) ($402.0m) ($318.4m) ($91.5m)
Capital Expenditure Reported — — — — — — ($106.8m) ($88.8m) ($103.3m) ($91.5m)
Capital expenditures ($71.3m) ($49.9m) ($69.2m) ($82.9m) ($76.3m) ($101.7m) ($106.8m) ($88.8m) ($103.3m) ($91.5m)
Payments to Acquire Businesses, Net of Cash Acquired — $38.5m $171.6m — — $18.0m $256.2m $1.5m — —
Net Other Investing Changes — — — — — — ($1.7m) ($8.5m) ($7.0m) $938k
Net Cash Provided by (Used in) Investing Activities $6.4m ($61.6m) ($225.7m) ($67.2m) ($69.7m) ($115.0m) ($236.2m) ($492.4m) ($276.9m) ($101.0m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $55.6m $281.0m $654.0m $441.2m
Long Term Debt Issuance — — — — — — $55.6m $281.0m $654.0m $441.2m
Net Issuance Payments Of Debt — — — — — — ($145.7m) $144.4m $441.0m ($25.7m)
Net Long Term Debt Issuance — — — — — — ($145.7m) $144.4m $441.0m ($25.7m)
Net Short Term Debt Issuance — — — — — $91.7m ($145.7m) — — —
Short Term Debt Issuance — — — — — $170.3m $55.6m — — —
Long Term Debt Payments — — — — — — ($201.3m) ($136.6m) ($213.0m) ($466.9m)
Repayment Of Debt — — — — — — ($201.3m) ($136.6m) ($213.0m) ($466.9m)
Short Term Debt Payments — — — — — ($78.6m) ($201.3m) — — —
Common Stock Issuance — — — — — $72.2m $0 $0 — —
Net Common Stock Issuance — — — — — — ($4.5m) ($4.0m) ($85.0m) ($23.4m)
Common Stock Payments — — — — — — ($4.5m) ($4.0m) ($85.0m) ($23.4m)
Payments for Repurchase of Common Stock — — — — $291k $3.8m $2.9m $3.5m $14.2m $10.0m
Proceeds from Noncontrolling Interests — $279k — — $400k — — — — —
Cash Dividends Paid — — — — — — ($100.5m) ($144.7m) ($121.6m) ($126.6m)
Dividend Received CFO — — — — — — $0 $1.4m $204k $477k
Dividends Received CFI — — — — — — $0 $2.1m $19.1m $12.5m
Net Other Financing Charges — — — — — — — ($149k) ($566k) ($4.0m)
Net cash (used in) provided by financing activities $122.4m ($282.0m) $50.1m ($23.3m) ($245.1m) $66.0m ($250.6m) ($4.5m) $233.8m ($179.8m)
Net Cash Provided by (Used in) Financing Activities $122.4m ($282.0m) $50.1m ($23.3m) ($245.1m) $66.0m ($250.6m) ($4.5m) $233.8m ($179.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $8.9m $4.8m ($6.7m) $3.9m ($2.3m) $1.1m ($6.8m) $15.6m ($11.4m) $4.0m
Increase (decrease) in cash and cash equivalents $8.9m $4.8m ($6.7m) $3.9m ($2.3m) $1.1m ($6.8m) $15.6m ($11.4m) $4.0m
Cash and cash equivalents at beginning of period $1.1m $10.0m $8.1m $12.0m $9.7m $10.8m $4.0m $19.6m $8.2m $12.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $8.1m $12.0m $9.7m $10.8m $4.0m $19.6m $8.2m $12.2m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($6.8m) $15.6m ($11.4m) $4.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $64.1m $62.5m $55.4m $67.4m $58.6m $54.7m $60.9m $65.3m $94.7m $128.9m
Income Taxes Paid, Net $17.0m $7.4m $653k ($5.2m) ($1.5m) ($14.8m) $8.1m $2.9m $9.3m $5.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.