2020 Q1 Form 10-Q Financial Statement
#000156459020022123 Filed on May 07, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $391.7M | $471.8M |
| YoY Change | -16.98% | -14.93% |
| Cost Of Revenue | $356.0M | $434.7M |
| YoY Change | -18.11% | -15.53% |
| Gross Profit | $35.73M | $37.08M |
| YoY Change | -3.64% | -7.19% |
| Gross Profit Margin | 9.12% | 7.86% |
| Selling, General & Admin | $4.500M | $4.418M |
| YoY Change | 1.86% | -6.4% |
| % of Gross Profit | 12.59% | 11.92% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $17.23M | $13.06M |
| YoY Change | 31.9% | -15.74% |
| % of Gross Profit | 48.22% | 35.23% |
| Operating Expenses | $32.43M | $32.83M |
| YoY Change | -1.22% | -10.2% |
| Operating Profit | $77.43M | $7.612M |
| YoY Change | 917.24% | 2.53% |
| Interest Expense | -$5.500M | $7.337M |
| YoY Change | -174.96% | -8.88% |
| % of Operating Profit | -7.1% | 96.39% |
| Other Income/Expense, Net | $100.0K | $86.00K |
| YoY Change | 16.28% | -8.51% |
| Pretax Income | $72.03M | $361.0K |
| YoY Change | 19852.63% | -167.6% |
| Income Tax | -$32.00K | $149.0K |
| % Of Pretax Income | -0.04% | 41.27% |
| Net Earnings | $72.06M | $212.0K |
| YoY Change | 33891.04% | -126.34% |
| Net Earnings / Revenue | 18.4% | 0.04% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $2.003M | $5.797K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 37.02M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $8.900M | $6.300M |
| YoY Change | 41.27% | 270.59% |
| Cash & Equivalents | $8.907M | $6.299M |
| Short-Term Investments | ||
| Other Short-Term Assets | $21.60M | $4.481M |
| YoY Change | 382.04% | -73.49% |
| Inventory | $4.900M | $15.07M |
| Prepaid Expenses | ||
| Receivables | $29.70M | $19.19M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $65.20M | $60.42M |
| YoY Change | 7.91% | -19.66% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $698.4M | $42.00M |
| YoY Change | 1562.86% | -93.75% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $21.20M | $21.10M |
| YoY Change | 0.47% | 0.48% |
| Total Long-Term Assets | $887.7M | $896.3M |
| YoY Change | -0.96% | 4.93% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $65.20M | $60.42M |
| Total Long-Term Assets | $887.7M | $896.3M |
| Total Assets | $952.9M | $956.7M |
| YoY Change | -0.4% | 2.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $47.90M | $62.10M |
| YoY Change | -22.87% | 0.32% |
| Accrued Expenses | $50.10M | $50.70M |
| YoY Change | -1.18% | 81.72% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $2.500M | $2.300M |
| YoY Change | 8.7% | -20.69% |
| Total Short-Term Liabilities | $100.5M | $115.2M |
| YoY Change | -12.76% | 24.27% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $527.0M | $536.9M |
| YoY Change | -1.84% | 0.56% |
| Other Long-Term Liabilities | $174.7M | $17.63M |
| YoY Change | 890.92% | -86.28% |
| Total Long-Term Liabilities | $701.7M | $17.63M |
| YoY Change | 3880.15% | -97.34% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $100.5M | $115.2M |
| Total Long-Term Liabilities | $701.7M | $17.63M |
| Total Liabilities | $821.5M | $834.9M |
| YoY Change | -1.6% | 7.28% |
| 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 | $131.4M | $121.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $952.9M | $956.7M |
| YoY Change | -0.4% | 2.94% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $72.06M | $212.0K |
| YoY Change | 33891.04% | -126.34% |
| Depreciation, Depletion And Amortization | $17.23M | $13.06M |
| YoY Change | 31.9% | -15.74% |
| Cash From Operating Activities | $17.79M | $11.00M |
| YoY Change | 61.79% | -39.37% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $5.382M | $7.078M |
| YoY Change | -23.96% | 237.53% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $21.10M | $100.0K |
| YoY Change | 21000.0% | 0.0% |
| Cash From Investing Activities | $15.67M | -$6.993M |
| YoY Change | -324.11% | 248.43% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $133.0K | |
| YoY Change | -88.73% | |
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -26.34M | -897.0K |
| YoY Change | 2836.34% | -95.11% |
| NET CHANGE | ||
| Cash From Operating Activities | 17.79M | 11.00M |
| Cash From Investing Activities | 15.67M | -6.993M |
| Cash From Financing Activities | -26.34M | -897.0K |
| Net Change In Cash | 7.127M | 3.108M |
| YoY Change | 129.31% | -240.19% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $17.79M | $11.00M |
| Capital Expenditures | $5.382M | $7.078M |
| Free Cash Flow | $12.41M | $3.920M |
| YoY Change | 216.63% | -75.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | us-gaap |
Gross Profit
GrossProfit
|
35729000 | |
| CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
72029000 | |
| CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
17227000 | |
| CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
32832000 | |
| CY2020Q1 | capl |
Gain Loss On Disposition Of Assets And Lease Terminations
GainLossOnDispositionOfAssetsAndLeaseTerminations
|
70931000 | |
| CY2019Q1 | capl |
Gain Loss On Disposition Of Assets And Lease Terminations
GainLossOnDispositionOfAssetsAndLeaseTerminations
|
-59000 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
361000 | |
| CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-32000 | |
| CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
149000 | |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
212000 | |
| CY2020Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
71928000 | |
| CY2020Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
|
2.00 | |
| CY2020Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
35994972 | |
| CY2020Q1 | capl |
Weighted Average Number Of Limited Partnership Units Including Antidilutive Securities
WeightedAverageNumberOfLimitedPartnershipUnitsIncludingAntidilutiveSecurities
|
35995933 | |
| CY2020Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
14937000 | |
| CY2020Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
22688000 | |
| CY2020Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
6920000 | |
| CY2020Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3202000 | |
| CY2019Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3426000 | |
| CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13061000 | |
| CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
32430000 | |
| CY2020Q1 | us-gaap |
Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
|
133000 | |
| CY2019Q1 | us-gaap |
Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
|
133000 | |
| CY2019Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
79000 | |
| CY2019Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
|
0.00 | |
| CY2019Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
34444113 | |
| CY2019Q1 | capl |
Weighted Average Number Of Limited Partnership Units Including Antidilutive Securities
WeightedAverageNumberOfLimitedPartnershipUnitsIncludingAntidilutiveSecurities
|
34456465 | |
| CY2019Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
20444000 | |
| CY2019Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
21638000 | |
| CY2019Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
6659000 | |
| CY2020Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
261000 | |
| CY2019Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
290000 | |
| CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
91000 | |
| CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
49000 | |
| CY2020Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-136000 | |
| CY2019Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-666000 | |
| CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31000 | |
| CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
202000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
810000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
2209000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
17794000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10998000 | |
| CY2020Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
87000 | |
| CY2019Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
85000 | |
| CY2020Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
5032000 | |
| CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5382000 | |
| CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7078000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
15672000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6993000 | |
| CY2020Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
19000000 | |
| CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
31834000 | |
| CY2020Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
26500000 | |
| CY2019Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
13334000 | |
| CY2020Q1 | capl |
Payment Of Long Term Debt And Finance Lease Obligation Financing Activities
PaymentOfLongTermDebtAndFinanceLeaseObligationFinancingActivities
|
595000 | |
| CY2019Q1 | capl |
Payment Of Long Term Debt And Finance Lease Obligation Financing Activities
PaymentOfLongTermDebtAndFinanceLeaseObligationFinancingActivities
|
552000 | |
| CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
613000 | |
| CY2020Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
1000 | |
| CY2019Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
16000 | |
| CY2020Q1 | capl |
Distribution Paid To Incentive Distribution Rights Holders
DistributionPaidToIncentiveDistributionRightsHolders
|
133000 | |
| CY2019Q1 | capl |
Distribution Paid To Incentive Distribution Rights Holders
DistributionPaidToIncentiveDistributionRightsHolders
|
133000 | |
| CY2020Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
18110000 | |
| CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
18083000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-26339000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-897000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7127000 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3108000 | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1780000 | |
| CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3191000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
8907000 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6299000 | |
| CY2019Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
78397000 | |
| CY2020Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-786000 | |
| CY2020Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-11000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-797000 | |
| CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
71264000 | |
| CY2020Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
18244000 | |
| CY2020Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
131417000 | |
| CY2018Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
110933000 | |
| CY2019Q1 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
28896000 | |
| CY2019Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
18232000 | |
| CY2019Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
121809000 | |
| CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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> | |
| CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2471000 | |
| CY2020Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
531020000 | |
| CY2019Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
539159000 | |
| CY2020Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<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;">Reclassification</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior period amounts have been reclassified to conform to the current year presentation. These reclassifications had no impact on net income or total equity.</p> | |
| CY2020Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
4039000 | |
| CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
4300000 | |
| CY2020Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<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, 2020, we distributed 6% of our total wholesale distribution volumes to DMS and DMS accounted for 5% of our rental income. For the three months ended March 31, 2019, we distributed 8% of our total wholesale distribution volumes to DMS and DMS accounted for 9% of our rental income. See Note 4 for information on the termination of the master lease and master fuel supply agreements with DMS in connection with our acquisition of retail and wholesale assets. </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, 2020, we distributed 5% of our total wholesale distribution volume to Circle K retail sites that are not supplied by CST Fuel Supply and received 12% of our rental income from Circle K. For the three months ended March 31, 2019, 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.</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 10.</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, 2020, our wholesale business purchased approximately 24%, 23%, 13% and 11% of its motor fuel from ExxonMobil, BP, Motiva and Circle K, respectively. For the three months ended March 31, 2019, our wholesale business purchased approximately 26%, 25%, 13% and 10% of its motor fuel from ExxonMobil, BP, Motiva and Circle K, respectively. No other fuel suppliers accounted for 10% or more of our motor fuel purchases during the three months ended March 31, 2020 and 2019. </p> | |
| CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
762527000 | |
| CY2020Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
201550000 | |
| CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
196611000 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
167081000 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
87750000 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
79331000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
130109000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
85113000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
44996000 | |
| CY2020Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
511500000 | |
| CY2019Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
519000000 | |
| CY2020Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
22035000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
22630000 | |
| CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
533535000 | |
| CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
541630000 | |
| CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2515000 | |
| CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | |
| CY2020Q1 | capl |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
6 | |
| CY2020Q1 | us-gaap |
Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
|
5000000 | |
| CY2020Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1600000 | |
| CY2020Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
776134000 | |
| CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
526981000 | |
| CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
534859000 | |
| CY2020Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
5400000 | |
| CY2019Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
5400000 | |
| CY2020Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
163600000 | |
| CY2020Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
|
300000 | |
| CY2020Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
|
P12M | |
| CY2020Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
4100000 | |
| CY2019Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3400000 | |
| CY2020Q1 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
511500000 | |
| CY2019Q1 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
200000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
9238000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3077000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
2612000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-2933000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1840000 | |
| CY2019Q4 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
519000000 | |
| CY2020Q1 | 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 (including any dividend income from our corporate subsidiaries), which may differ significantly from income for financial statement purposes, is assessed at the individual limited partner unitholder 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. | |
| CY2020Q1 | capl |
Caresact2020 Aid Net Operating Losses Carryforward Period
CARESACT2020AidNetOperatingLossesCarryforwardPeriod
|
P5Y | |
| CY2020Q1 | capl |
Caresact2020 Aid Limitation On Use Of Net Operating Losses
CARESACT2020AidLimitationOnUseOfNetOperatingLosses
|
0.80 | |
| CY2020Q1 | us-gaap |
Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
|
18111000 | |
| CY2019Q1 | us-gaap |
Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
|
18099000 | |
| CY2020Q1 | capl |
Partners Capital Distributions In Excess Of Net Income Loss
PartnersCapitalDistributionsInExcessOfNetIncomeLoss
|
53817000 | |
| CY2019Q1 | capl |
Partners Capital Distributions In Excess Of Net Income Loss
PartnersCapitalDistributionsInExcessOfNetIncomeLoss
|
-18020000 | |
| CY2020Q1 | capl |
Net Income Loss Allocated To Limited Partners Basic
NetIncomeLossAllocatedToLimitedPartnersBasic
|
71928000 | |
| CY2019Q1 | capl |
Net Income Loss Allocated To Limited Partners Basic
NetIncomeLossAllocatedToLimitedPartnersBasic
|
79000 | |
| CY2020Q1 | us-gaap |
Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
|
961 | |
| CY2019Q1 | us-gaap |
Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
|
12352 | |
| CY2020Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
35995933 | |
| CY2019Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
34456465 | |
| CY2020Q1 | capl |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Basic And Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitBasicAndDiluted
|
2.00 | |
| CY2019Q1 | capl |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Basic And Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitBasicAndDiluted
|
0.00 | |
| CY2020Q1 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
0.5250 | |
| CY2019Q1 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
0.5250 | |
| CY2020Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.5250 | |
| CY2019Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.5250 | |
| CY2019 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2020-02-03 | |
| CY2020Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2020-05-05 | |
| CY2019 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2020-02-10 | |
| CY2020Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2020-05-12 | |
| CY2019 | us-gaap |
Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
|
0.5250 | |
| CY2020Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
|
0.5250 | |
| CY2019 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
18111000 | |
| CY2020Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
19881000 | |
| CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| capl |
Number Of Dealerize Sites
NumberOfDealerizeSites
|
46 | ||
| CY2020Q1 | capl |
Number Of Dealerize Sites
NumberOfDealerizeSites
|
0 | |
| CY2020Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
29723000 | |
| CY2019Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
42350000 | |
| CY2020Q1 | us-gaap |
Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
|
6700000 | |
| CY2019Q4 | us-gaap |
Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
|
6500000 | |
| CY2020Q1 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
300000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-987000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
479000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
848000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-423000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-519000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
10498000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2838000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-482000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-1416000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
2402000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-117000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1570000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
590000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
568000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-678000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-810000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-2209000 | |
| CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
5330000 | |
| CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6406000 | |
| CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-5000 | |
| CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
135000 | |
| CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
7351000 | |
| CY2020Q1 | capl |
Number Of Remaining Operated Sites
NumberOfRemainingOperatedSites
|
46 | |
| CY2019Q1 | capl |
Separate Benefit Costs
SeparateBenefitCosts
|
400000 |
