2018 Q4 Form 10-Q Financial Statement
#000156459018027611 Filed on November 07, 2018
Income Statement
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| Revenue | $547.2M | $670.8M | $544.1M |
| YoY Change | -0.98% | 23.29% | 11.51% |
| Cost Of Revenue | $502.2M | $627.0M | $502.5M |
| YoY Change | -2.01% | 24.78% | 11.96% |
| Gross Profit | $45.07M | $43.80M | $41.58M |
| YoY Change | 12.34% | 5.35% | 6.23% |
| Gross Profit Margin | 8.24% | 6.53% | 7.64% |
| Selling, General & Admin | $4.100M | $4.310M | $6.000M |
| YoY Change | -2.38% | -28.17% | -2.31% |
| % of Gross Profit | 9.1% | 9.84% | 14.43% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $15.10M | $13.99M | $14.10M |
| YoY Change | 2.03% | -0.76% | 4.97% |
| % of Gross Profit | 33.5% | 31.95% | 33.91% |
| Operating Expenses | $29.90M | $33.56M | $31.70M |
| YoY Change | 0.67% | 5.88% | -6.21% |
| Operating Profit | $15.50M | $13.65M | $12.28M |
| YoY Change | 30.98% | 11.14% | 22.93% |
| Interest Expense | -$8.500M | $8.145M | -$7.100M |
| YoY Change | 16.44% | -214.72% | -226.02% |
| % of Operating Profit | -54.82% | 59.66% | -57.8% |
| Other Income/Expense, Net | $100.0K | $100.0K | $100.0K |
| YoY Change | 0.0% | 0.0% | -269.49% |
| Pretax Income | $7.100M | $5.611M | $5.300M |
| YoY Change | 54.35% | 5.87% | 23.26% |
| Income Tax | -$600.0K | $300.0K | $1.000M |
| % Of Pretax Income | -8.45% | 5.35% | 18.87% |
| Net Earnings | $7.683M | $5.308M | $4.333M |
| YoY Change | -63.63% | 22.5% | 44.96% |
| Net Earnings / Revenue | 1.4% | 0.79% | 0.8% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $223.8K | $154.1K | $126.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 34.44M | 33.86M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.200M | $3.800M | $1.600M |
| YoY Change | -17.95% | 137.5% | -44.83% |
| Cash & Equivalents | $3.191M | $3.791M | $1.566M |
| Short-Term Investments | |||
| Other Short-Term Assets | $5.513M | $6.687M | $9.700M |
| YoY Change | -26.77% | -31.06% | 33.57% |
| Inventory | $14.08M | $15.36M | $12.00M |
| Prepaid Expenses | |||
| Receivables | $16.16M | $26.49M | $38.90M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $50.86M | $67.40M | $62.20M |
| YoY Change | -36.82% | 8.35% | -0.24% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $647.4M | $658.5M | $634.7M |
| YoY Change | -4.93% | 3.75% | -6.35% |
| Goodwill | $88.76M | $88.76M | |
| YoY Change | -0.39% | ||
| Intangibles | $59.06M | $63.42M | $76.06M |
| YoY Change | -22.35% | -16.62% | -10.17% |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $20.82M | $20.39M | $22.50M |
| YoY Change | 1.27% | -9.37% | 12.05% |
| Total Long-Term Assets | $816.1M | $831.1M | $815.3M |
| YoY Change | -5.85% | 1.94% | -6.46% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $50.86M | $67.40M | $62.20M |
| Total Long-Term Assets | $816.1M | $831.1M | $815.3M |
| Total Assets | $866.9M | $898.5M | $877.5M |
| YoY Change | -8.48% | 2.39% | -6.04% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $32.63M | $38.95M | $54.10M |
| YoY Change | -8.82% | -28.01% | 55.56% |
| Accrued Expenses | $17.87M | $15.48M | $31.30M |
| YoY Change | 5.03% | -50.55% | 116.23% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $2.300M | $2.300M | $2.884M |
| YoY Change | -20.69% | -20.25% | 1.12% |
| Total Short-Term Liabilities | $88.45M | $94.74M | $88.20M |
| YoY Change | -5.38% | 7.42% | 23.61% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $519.3M | $538.1M | $454.8M |
| YoY Change | -1.85% | 18.32% | -10.12% |
| Other Long-Term Liabilities | $95.59M | $95.37M | $125.2M |
| YoY Change | -2.52% | -23.82% | 155.93% |
| Total Long-Term Liabilities | $95.59M | $95.37M | $580.0M |
| YoY Change | -2.52% | -83.56% | 1085.63% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $88.45M | $94.74M | $88.20M |
| Total Long-Term Liabilities | $95.59M | $95.37M | $580.0M |
| Total Liabilities | $756.0M | $781.6M | $707.9M |
| YoY Change | -2.61% | 10.41% | 1.51% |
| 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 | $110.9M | $116.9M | $169.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $866.9M | $898.5M | $877.5M |
| YoY Change | -8.48% | 2.39% | -6.04% |
Cashflow Statement
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $7.683M | $5.308M | $4.333M |
| YoY Change | -63.63% | 22.5% | 44.96% |
| Depreciation, Depletion And Amortization | $15.10M | $13.99M | $14.10M |
| YoY Change | 2.03% | -0.76% | 4.97% |
| Cash From Operating Activities | $32.50M | $20.10M | $17.00M |
| YoY Change | 43.81% | 18.24% | -36.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.500M | -$3.900M | -$2.000M |
| YoY Change | 52.17% | 95.0% | -67.21% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.600M | $5.000M | $20.80M |
| YoY Change | -102.32% | -75.96% | -187.76% |
| Cash From Investing Activities | -$1.900M | $1.100M | $18.70M |
| YoY Change | -97.34% | -94.12% | -162.75% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -31.30M | -19.70M | -37.60M |
| YoY Change | -161.13% | -47.61% | -1442.86% |
| NET CHANGE | |||
| Cash From Operating Activities | 32.50M | 20.10M | 17.00M |
| Cash From Investing Activities | -1.900M | 1.100M | 18.70M |
| Cash From Financing Activities | -31.30M | -19.70M | -37.60M |
| Net Change In Cash | -700.0K | 1.500M | -1.900M |
| YoY Change | -129.17% | -178.95% | 533.33% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $32.50M | $20.10M | $17.00M |
| Capital Expenditures | -$3.500M | -$3.900M | -$2.000M |
| Free Cash Flow | $36.00M | $24.00M | $19.00M |
| YoY Change | 44.58% | 26.32% | -42.07% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
34444113 | |
| CY2018Q3 | us-gaap |
Cash
Cash
|
3791000 | |
| CY2017Q4 | us-gaap |
Cash
Cash
|
3897000 | |
| CY2018Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
26488000 | |
| CY2018Q3 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
14496000 | |
| CY2018Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
538075000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
529147000 | |
| CY2018Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
20945000 | |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
24069000 | |
| CY2018Q3 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
32433000 | |
| CY2017Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
31467000 | |
| CY2018Q3 | us-gaap |
Inventory Net
InventoryNet
|
15362000 | |
| CY2018Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
572000 | |
| us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1542167000 | ||
| CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
6687000 | |
| CY2018Q3 | us-gaap |
Assets Current
AssetsCurrent
|
67396000 | |
| CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
658514000 | |
| CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
63418000 | |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
76063000 | |
| CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
88764000 | |
| CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
89109000 | |
| CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
20391000 | |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
20558000 | |
| CY2018Q3 | us-gaap |
Assets
Assets
|
898483000 | |
| CY2017Q4 | us-gaap |
Assets
Assets
|
947236000 | |
| CY2018Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2254000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2916000 | |
| CY2018Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
38947000 | |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
35789000 | |
| CY2018Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
26967000 | |
| CY2017Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
25512000 | |
| CY2018Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
15479000 | |
| CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
17015000 | |
| CY2018Q3 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
11097000 | |
| CY2017Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
12241000 | |
| CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
94744000 | |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
93473000 | |
| CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
95374000 | |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
98061000 | |
| CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
781571000 | |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
776217000 | |
| CY2018Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2018Q3 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
116912000 | |
| CY2017Q4 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
171337000 | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1421524000 | ||
| capl |
Gain Loss On Disposition Of Assets And Lease Terminations
GainLossOnDispositionOfAssetsAndLeaseTerminations
|
2013000 | ||
| us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
635000 | ||
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Payments Of Financing Costs
PaymentsOfFinancingCosts
|
6000 | ||
| us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
329000 | ||
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Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
22000 | ||
| us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
15000 | ||
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Payments Of Dividends
PaymentsOfDividends
|
1446000 | ||
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Payments Of Dividends
PaymentsOfDividends
|
3162000 | ||
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Revenue From Related Parties
RevenueFromRelatedParties
|
350454000 | ||
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Revenue From Related Parties
RevenueFromRelatedParties
|
309313000 | ||
| CY2017Q3 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
21644000 | |
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Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
64331000 | ||
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Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
65090000 | ||
| CY2018Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4980000 | |
| CY2017Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4876000 | |
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Lease And Rental Expense
LeaseAndRentalExpense
|
14775000 | ||
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Lease And Rental Expense
LeaseAndRentalExpense
|
14593000 | ||
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Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1227000 | ||
| us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-18000 | ||
| us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
18000 | ||
| us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
60000 | ||
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Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
57479000 | ||
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Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
62439000 | ||
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-52435000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-77513000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-106000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
216000 | ||
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3897000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1350000 | |
| CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3791000 | |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1566000 | |
| CY2018Q2 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
129630000 | |
| CY2018Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
191000 | |
| CY2018Q3 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
18217000 | |
| CY2017Q2 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
183661000 | |
| CY2017Q3 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
|
3162000 | |
| CY2017Q3 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
329000 | |
| CY2017Q3 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
22214000 | |
| CY2017Q3 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
169275000 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
833000 | ||
| us-gaap |
Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
|
6518000 | ||
| us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
-56000 | ||
| us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
58965000 | ||
| CY2016Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
220811000 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
896000 | ||
| us-gaap |
Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
|
10880000 | ||
| us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
329000 | ||
| us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
65676000 | ||
| CY2018Q3 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3500000 | |
| CY2017Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3500000 | |
| CY2018Q3 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
516500000 | |
| CY2017Q4 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
506000000 | |
| CY2018Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
200000 | |
| 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> | ||
| 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 nine months ended September 30, 2018, we distributed 12% of our total wholesale distribution volumes to DMS and DMS accounted for 17% of our rental income. For the nine months ended September 30, 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;">In June 2018, we executed master fuel supply and master lease agreements with a third party multi-site operator of retail motor fuel stations, to which we transitioned 43 sites in Florida from DMS in the third quarter of 2018. The master fuel supply and master lease agreements have an initial 10-year term with four 5-year renewal options. See Note 7 for information relating to our recapture of these sites from the master lease agreement with DMS.</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 nine months ended September 30, 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 20% of our rental income from Circle K. For the nine months ended September 30, 2017, we distributed 8% of our total wholesale distribution volume to Circle K retail sites that are not supplied by CST Fuel Supply and received 22% of our rental income from Circle K.</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 nine months ended September 30, 2018, our wholesale business purchased approximately 26%, 26%, 12% and 10% of its motor fuel from ExxonMobil, BP, Motiva and Circle K, respectively. For the nine months ended September 30, 2017, our wholesale business purchased approximately 28%, 27% and 17% 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 nine months ended September 30, 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. </p></div> | ||
| us-gaap |
Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
|
2017-06-28 | ||
| us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.217 | ||
| CY2018Q3 | us-gaap |
Retail Related Inventory
RetailRelatedInventory
|
7061000 | |
| CY2017Q4 | us-gaap |
Retail Related Inventory
RetailRelatedInventory
|
7806000 | |
| CY2018Q3 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
8301000 | |
| CY2017Q4 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
7316000 | |
| CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
852930000 | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
845574000 | |
| CY2018Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
194416000 | |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
164574000 | |
| CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
144556000 | |
| CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
81138000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
146001000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
69938000 | |
| CY2018Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
516500000 | |
| CY2017Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
506000000 | |
| CY2018Q3 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
25474000 | |
| CY2017Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
27220000 | |
| CY2017Q4 | us-gaap |
Notes Payable
NotesPayable
|
765000 | |
| CY2018Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
541974000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
533985000 | |
| CY2018Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
539720000 | |
| CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
531069000 | |
| CY2018Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1645000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1922000 | |
| CY2018Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
5300000 | |
| CY2017Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
6700000 | |
| CY2018Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
45700000 | |
| CY2017Q4 | us-gaap |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Due Date Day Month And Year
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationDueDateDayMonthAndYear
|
2018-03-01 | |
| CY2018Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Due Date Day Month And Year
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationDueDateDayMonthAndYear
|
2018-05-21 | |
| 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 | |
| CY2017Q3 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
1700000 | |
| us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
1700000 | ||
| us-gaap |
Legal Fees
LegalFees
|
600000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1492000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-914000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
674000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
407000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
166000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
304000 | ||
| CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
200000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
300000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1900000 | ||
| 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 | |
| CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
400000 | |
| CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
700000 | |
| 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-qualified income, as defined by the Internal Revenue Code, cannot exceed 10% of total gross income for the calendar year. If non-qualified income exceeds this statutory limit, we would be taxed as a corporation. The non-qualified income did not exceed the statutory limit in any period presented. | ||
| CY2018Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21393 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
15521 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18217 | ||
| 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 | |
| CY2018Q2 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2018-08-06 | |
| CY2018Q3 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2018-11-05 | |
| 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 | |
| CY2018Q2 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-08-13 | |
| CY2018Q3 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-11-13 | |
| 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 | |
| CY2018Q2 | us-gaap |
Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
|
0.5250 | |
| CY2018Q3 | 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
|
18002000 | |
| CY2018Q2 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
18084000 | |
| CY2018Q3 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
18098000 | |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
| CY2018Q3 | capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | |
| CY2017Q3 | capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | |
| capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | ||
| capl |
Fuel Sales Revenue From Related Parties
FuelSalesRevenueFromRelatedParties
|
0 | ||
| CY2018Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
40984000 | |
| CY2017Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
42251000 | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
999000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5183000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-413000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-2509000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3158000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2882000 | ||
| us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-380000 | ||
| us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-5576000 | ||
| us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
1144000 | ||
| us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
386000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
871000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3270000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
2305000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-178000 | ||
| us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-399000 | ||
| us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
13542000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
23145000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
19185000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1385000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
822000 | ||
| us-gaap |
Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
|
260000 | ||
| us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
740000 |
