2018 Q1 Form 10-Q Financial Statement
#000156459018011419 Filed on May 08, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $554.6M | $469.3M |
| YoY Change | 18.17% | 27.61% |
| Cost Of Revenue | $514.6M | $431.8M |
| YoY Change | 19.17% | 30.64% |
| Gross Profit | $39.95M | $37.45M |
| YoY Change | 6.69% | 0.69% |
| Gross Profit Margin | 7.2% | 7.98% |
| Selling, General & Admin | $4.720M | $5.817M |
| YoY Change | -18.86% | -16.96% |
| % of Gross Profit | 11.81% | 15.53% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $15.50M | $14.35M |
| YoY Change | 8.03% | 11.22% |
| % of Gross Profit | 38.8% | 38.32% |
| Operating Expenses | $36.56M | $35.43M |
| YoY Change | 3.21% | 0.31% |
| Operating Profit | $7.424M | $5.580M |
| YoY Change | 33.05% | -5.76% |
| Interest Expense | $8.052M | $6.702M |
| YoY Change | 20.14% | 32.32% |
| % of Operating Profit | 108.46% | 120.11% |
| Other Income/Expense, Net | $94.00K | $118.0K |
| YoY Change | -20.34% | 0.0% |
| Pretax Income | -$534.0K | -$1.004M |
| YoY Change | -46.81% | -203.08% |
| Income Tax | $273.0K | -$2.701M |
| % Of Pretax Income | ||
| Net Earnings | -$805.0K | $1.696M |
| YoY Change | -147.46% | -4.02% |
| Net Earnings / Revenue | -0.15% | 0.36% |
| Basic Earnings Per Share | $0.02 | |
| Diluted Earnings Per Share | -$23.39K | $0.02 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 34.11M | 33.52M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.700M | $5.800M |
| YoY Change | -70.69% | 190.0% |
| Cash & Equivalents | $1.680M | $5.758M |
| Short-Term Investments | ||
| Other Short-Term Assets | $16.90M | $6.017M |
| YoY Change | 180.87% | -9.98% |
| Inventory | $15.20M | $12.79M |
| Prepaid Expenses | ||
| Receivables | $41.30M | $22.23M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $75.20M | $60.72M |
| YoY Change | 23.84% | 6.28% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $671.9M | $671.0M |
| YoY Change | 0.14% | 2.23% |
| Goodwill | $89.11M | |
| YoY Change | 1.05% | |
| Intangibles | $76.79M | |
| YoY Change | -11.04% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $21.00M | $19.75M |
| YoY Change | 6.32% | 39.27% |
| Total Long-Term Assets | $854.2M | $856.6M |
| YoY Change | -0.28% | 1.38% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $75.20M | $60.72M |
| Total Long-Term Assets | $854.2M | $856.6M |
| Total Assets | $929.4M | $917.3M |
| YoY Change | 1.31% | 1.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $61.90M | $32.06M |
| YoY Change | 93.09% | -4.32% |
| Accrued Expenses | $27.90M | $15.70M |
| YoY Change | 77.66% | 47.21% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $2.900M | $2.123M |
| YoY Change | 36.6% | -74.76% |
| Total Short-Term Liabilities | $92.70M | $71.44M |
| YoY Change | 29.77% | 3.28% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $533.9M | $472.8M |
| YoY Change | 12.92% | -4.7% |
| Other Long-Term Liabilities | $128.5M | $99.07M |
| YoY Change | 29.71% | 385.44% |
| Total Long-Term Liabilities | $662.4M | $99.07M |
| YoY Change | 568.62% | 385.44% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $92.70M | $71.44M |
| Total Long-Term Liabilities | $662.4M | $99.07M |
| Total Liabilities | $778.2M | $711.1M |
| YoY Change | 9.43% | 9.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $151.2M | $206.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $929.4M | $917.3M |
| YoY Change | 1.31% | 1.69% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$805.0K | $1.696M |
| YoY Change | -147.46% | -4.02% |
| Depreciation, Depletion And Amortization | $15.50M | $14.35M |
| YoY Change | 8.03% | 11.22% |
| Cash From Operating Activities | $18.14M | $21.77M |
| YoY Change | -16.68% | 17.25% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $2.097M | $2.517M |
| YoY Change | -16.69% | -28.04% |
| Acquisitions | $0.00 | |
| YoY Change | -100.0% | |
| Other Investing Activities | $100.0K | $400.0K |
| YoY Change | -75.0% | -100.73% |
| Cash From Investing Activities | -$2.007M | -$2.111M |
| YoY Change | -4.93% | -96.4% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $1.180M | $992.0K |
| YoY Change | 18.95% | 30.7% |
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | $495.0K | |
| YoY Change | 1.23% | |
| Cash From Financing Activities | -18.35M | -$15.25M |
| YoY Change | 20.3% | -137.38% |
| NET CHANGE | ||
| Cash From Operating Activities | 18.14M | $21.77M |
| Cash From Investing Activities | -2.007M | -$2.111M |
| Cash From Financing Activities | -18.35M | -$15.25M |
| Net Change In Cash | -2.217M | $4.408M |
| YoY Change | -150.29% | 462.96% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $18.14M | $21.77M |
| Capital Expenditures | $2.097M | $2.517M |
| Free Cash Flow | $16.04M | $19.26M |
| YoY Change | -16.68% | 27.76% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
554570000 | |
| CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
469286000 | |
| CY2018Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
514619000 | |
| CY2017Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
431840000 | |
| CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
39951000 | |
| CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
37446000 | |
| CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3805000 | |
| CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3603000 | |
| CY2018Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
16342000 | |
| CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
15260000 | |
| CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4720000 | |
| CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5817000 | |
| CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
15500000 | |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
14348000 | |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
36562000 | |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
35425000 | |
| CY2018Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
230000 | |
| CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-44000 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7424000 | |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5580000 | |
| CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
94000 | |
| CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
118000 | |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
8052000 | |
| CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
6702000 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-534000 | |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1004000 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
273000 | |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2701000 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-807000 | |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1697000 | |
| CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-2000 | |
| CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1000 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-805000 | |
| CY2018Q1 | us-gaap |
Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
|
1180000 | |
| CY2018Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
-1985000 | |
| CY2018Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
|
-0.06 | |
| CY2018Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
34157088 | |
| CY2018Q1 | capl |
Weighted Average Number Of Limited Partnership Units Including Antidilutive Securities
WeightedAverageNumberOfLimitedPartnershipUnitsIncludingAntidilutiveSecurities
|
34165060 | |
| CY2018Q1 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
0.6275 | |
| CY2017Q1 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
0.6125 | |
| CY2018Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.5250 | |
| CY2017Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.6175 | |
| CY2018Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
24358000 | |
| CY2017Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
18552000 | |
| CY2018Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
103521000 | |
| CY2017Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
94217000 | |
| CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
21721000 | |
| CY2017Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
21441000 | |
| CY2018Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4815000 | |
| CY2017Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4791000 | |
| CY2018Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
428000 | |
| CY2017Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
424000 | |
| CY2018Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-1000 | |
| CY2017Q1 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
27000 | |
| CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
125000 | |
| CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
4000 | |
| CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-650000 | |
| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3182000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
43000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
866000 | |
| CY2018Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
3300000 | |
| CY2017Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
3300000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-432000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-4244000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
18140000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
21772000 | |
| CY2018Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
19000 | |
| CY2017Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
342000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2097000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2517000 | |
| CY2018Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
71000 | |
| CY2017Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
64000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2007000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2111000 | |
| CY2018Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
40395000 | |
| CY2017Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
31026000 | |
| CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
35395000 | |
| CY2017Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
24026000 | |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
498000 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
495000 | |
| CY2018Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
239000 | |
| CY2017Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
201000 | |
| CY2018Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
10000 | |
| CY2017Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
7000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1180000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
992000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
18000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
24000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
21405000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
20534000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-18350000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-15253000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2217000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4408000 | |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3897000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1350000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1680000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5758000 | |
| CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results and outcomes could differ from those estimates and assumptions. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances could result in revised estimates and assumptions.</p></div> | |
| CY2018Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration Risk</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the three months ended March 31, 2018, we distributed 12% of our total wholesale distribution volumes to DMS and DMS accounted for 20% of our rental income. For the three months ended March 31, 2017, we distributed 14% of our total wholesale distribution volumes to DMS and DMS accounted for 23% of our rental income.  </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the three months ended March 31, 2018, we distributed 7% of our total wholesale distribution volume to Circle K retail sites that are not supplied by CST Fuel Supply and received 19% of our rental income from Circle K. For the three months ended March 31, 2017, we distributed 7% of our total wholesale distribution volume to CST retail sites that are not supplied by CST Fuel Supply and received 20% of our rental income from CST.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For more information regarding transactions with DMS and Circle K, see Note 7.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the three months ended March 31, 2018, our wholesale business purchased approximately 26%, 26%, 12% and 11% of its motor fuel from ExxonMobil, BP, Motiva and Circle K, respectively. For the three months ended March 31, 2017, our wholesale business purchased approximately 28%, 27% and 22% of its motor fuel from ExxonMobil, BP and Motiva, respectively. No other fuel suppliers accounted for 10% or more of our motor fuel purchases during the three months ended March 31, 2018 and 2017.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Valero supplied substantially all of the motor fuel purchased by CST Fuel Supply during all periods presented. During the three months ended March 31, 2018 and 2017, CST Fuel Supply purchased approximately 0.4 billion gallons of motor fuel from Valero.</p></div> | |
| CY2018Q1 | us-gaap |
Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
|
2017-06-28 | |
| CY2018Q1 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.214 | |
| CY2018Q1 | us-gaap |
Retail Related Inventory
RetailRelatedInventory
|
7699000 | |
| CY2017Q4 | us-gaap |
Retail Related Inventory
RetailRelatedInventory
|
7806000 | |
| CY2018Q1 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
7534000 | |
| CY2017Q4 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
7316000 | |
| CY2018Q1 | us-gaap |
Land
Land
|
284794000 | |
| CY2017Q4 | us-gaap |
Land
Land
|
285682000 | |
| CY2018Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
362492000 | |
| CY2017Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
362207000 | |
| CY2018Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
10408000 | |
| CY2017Q4 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
10155000 | |
| CY2018Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
186293000 | |
| CY2017Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
185733000 | |
| CY2018Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
2252000 | |
| CY2017Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
1797000 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
846239000 | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
845574000 | |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
174368000 | |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
164574000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
146001000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
73842000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
146001000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
69938000 | |
| CY2018Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
511000000 | |
| CY2017Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
506000000 | |
| CY2018Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
26546000 | |
| CY2017Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
27220000 | |
| CY2018Q1 | us-gaap |
Notes Payable
NotesPayable
|
750000 | |
| CY2017Q4 | us-gaap |
Notes Payable
NotesPayable
|
765000 | |
| CY2018Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
538296000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
533985000 | |
| CY2018Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
535377000 | |
| CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
531069000 | |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1512000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1922000 | |
| CY2018Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
5400000 | |
| CY2017Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
6700000 | |
| CY2018Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
33600000 | |
| CY2017Q4 | us-gaap |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Due Date Day Month And Year
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationDueDateDayMonthAndYear
|
2018-03-01 | |
| CY2017Q4 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
136882 | |
| CY2018Q1 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
155236 | |
| CY2018Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3700000 | |
| CY2017Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3500000 | |
| CY2018Q1 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
511000000 | |
| CY2017Q4 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
506000000 | |
| CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
900000 | |
| CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
900000 | |
| CY2018Q1 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
600000 | |
| CY2017Q4 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
700000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
47000 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
600000 | |
| CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
700000 | |
| CY2018Q1 | us-gaap |
Income Tax Holiday Description
IncomeTaxHolidayDescription
|
As a limited partnership, we are not subject to federal and state income taxes, however our corporate subsidiaries are subject to income taxes. Income tax attributable to our taxable income, which may differ significantly from income for financial statement purposes, is assessed at the individual limited partner unit holder level. We are subject to a statutory requirement that non-qualifying income, as defined by the Internal Revenue Code, cannot exceed 10% of total gross income for the calendar year. If non-qualifying income exceeds this statutory limit, we would be taxed as a corporation. The non-qualifying income did not exceed the statutory limit in any period presented. | |
| CY2018Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
21415000 | |
| CY2017Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
20541000 | |
| CY2018Q1 | capl |
Partners Capital Distributions In Excess Of Net Income
PartnersCapitalDistributionsInExcessOfNetIncome
|
-23400000 | |
| CY2017Q1 | capl |
Partners Capital Distributions In Excess Of Net Income
PartnersCapitalDistributionsInExcessOfNetIncome
|
-19837000 | |
| CY2018Q1 | capl |
Net Income Loss Allocated To Limited Partners Basic
NetIncomeLossAllocatedToLimitedPartnersBasic
|
-1985000 | |
| CY2017Q1 | capl |
Net Income Loss Allocated To Limited Partners Basic
NetIncomeLossAllocatedToLimitedPartnersBasic
|
704000 | |
| CY2017Q1 | us-gaap |
Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
|
34498 | |
| CY2018Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
34157088 | |
| CY2017Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
33622661 | |
| CY2018Q1 | capl |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Basic And Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitBasicAndDiluted
|
-0.06 | |
| CY2017Q1 | capl |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Basic And Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitBasicAndDiluted
|
0.02 | |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7971 | |
| CY2017Q4 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2018-02-05 | |
| CY2018Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2018-05-18 | |
| CY2017Q4 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-02-12 | |
| CY2018Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-05-25 | |
| CY2017Q4 | us-gaap |
Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
|
0.6275 | |
| CY2018Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
|
0.5250 | |
| CY2017Q4 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
21415000 | |
| CY2018Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
17996000 | |
| CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2018Q1 | capl |
Fuel Sales Revenue
FuelSalesRevenue
|
509317000 | |
| CY2018Q1 | capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | |
| CY2018Q1 | capl |
Food Merchandise And Other Revenue
FoodMerchandiseAndOtherRevenue
|
22586000 | |
| CY2018Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
946000 | |
| CY2017Q1 | capl |
Fuel Sales Revenue
FuelSalesRevenue
|
423291000 | |
| CY2017Q1 | capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | |
| CY2017Q1 | capl |
Food Merchandise And Other Revenue
FoodMerchandiseAndOtherRevenue
|
24020000 | |
| CY2017Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
534000 | |
| CY2018Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
41313000 | |
| CY2017Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
42251000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2154000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7020000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1128000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
491000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-114000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
330000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1416000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1223000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-825000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-1257000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
63000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2845000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-488000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
339000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
426000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
25000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
688000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
210000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
382000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
144000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
432000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
4244000 | |
| CY2018Q1 | us-gaap |
Interest Paid
InterestPaid
|
7469000 | |
| CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
6157000 | |
| CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
135000 | |
| CY2017Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
50000 | |
| CY2017Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
785000 | |
| CY2018Q1 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
|
3218000 | |
| CY2017Q1 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
|
4510000 |
