2017 Q4 Form 10-K Financial Statement

#000155227518000013 Filed on February 23, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $2.959B $3.064B $2.892B
YoY Change 4.78% 16.99% 12.84%
Cost Of Revenue $2.682B $2.304B $2.235B
YoY Change -24.24% 16.66% 17.88%
Gross Profit $277.0M $316.0M $259.0M
YoY Change -6.42% 12.06% -15.91%
Gross Profit Margin 9.36% 10.31% 8.96%
Selling, General & Admin $61.00M $50.00M $58.00M
YoY Change -15.28% -12.28% 20.83%
% of Gross Profit 22.02% 15.82% 22.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.00M $34.00M $36.00M
YoY Change -50.55% 9.68% -249.38%
% of Gross Profit 16.25% 10.76% 13.9%
Operating Expenses $200.0M $112.0M $134.0M
YoY Change -50.25% -18.84% 8.94%
Operating Profit $65.00M $128.0M -$20.00M
YoY Change -146.43% 68.42% -116.67%
Interest Expense -$46.00M $64.00M $58.00M
YoY Change -8.0% 36.17% 31.82%
% of Operating Profit -70.77% 50.0%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $19.00M $88.00M -$23.00M
YoY Change -112.67% 1157.14% -138.33%
Income Tax $22.00M $44.00M $45.00M
% Of Pretax Income 115.79% 50.0%
Net Earnings $232.0M $138.0M -$222.0M
YoY Change -139.66% 206.67% -408.33%
Net Earnings / Revenue 7.84% 4.5% -7.68%
Basic Earnings Per Share
Diluted Earnings Per Share $2.315M $1.379M -$2.222M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00M $86.00M $97.00M
YoY Change -72.82% 6.7% 44.78%
Cash & Equivalents $28.00M $86.00M $92.00M
Short-Term Investments
Other Short-Term Assets $81.00M $79.00M $91.00M
YoY Change 10.96% -19.07% 57.84%
Inventory $426.0M $359.0M $356.0M
Prepaid Expenses
Receivables $541.0M $451.0M $398.0M
Other Receivables $258.0M $195.0M $158.0M
Total Short-Term Assets $4.544B $5.262B $5.284B
YoY Change 244.76% 395.83% 412.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.557B $1.191B $1.155B
YoY Change -1.7% -64.16% -64.22%
Goodwill $1.430B $1.031B $1.032B
YoY Change -7.74% -68.14% -67.28%
Intangibles $768.0M $777.0M $786.0M
YoY Change -0.9% -39.8% -38.46%
Long-Term Investments
YoY Change
Other Assets $45.00M $46.00M $54.00M
YoY Change -28.57% -46.43% -24.69%
Total Long-Term Assets $3.800B $3.045B $3.027B
YoY Change -48.53% -61.63% -60.85%
TOTAL ASSETS
Total Short-Term Assets $4.544B $5.262B $5.284B
Total Long-Term Assets $3.800B $3.045B $3.027B
Total Assets $8.344B $8.307B $8.311B
YoY Change -4.1% -7.67% -5.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $559.0M $583.0M $461.0M
YoY Change -9.25% 32.52% 3.43%
Accrued Expenses $368.0M $359.0M $352.0M
YoY Change -1.08% 11.72% 16.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $5.000M
YoY Change 20.0% 20.0% -12.28%
Total Short-Term Liabilities $1.214B $1.309B $1.141B
YoY Change 10.16% 52.09% 30.35%
LONG-TERM LIABILITIES
Long-Term Debt $4.284B $4.182B $4.362B
YoY Change -4.99% -6.51% 4.12%
Other Long-Term Liabilities $125.0M $99.00M $106.0M
YoY Change 7.76% -38.38% -37.19%
Total Long-Term Liabilities $125.0M $99.00M $106.0M
YoY Change 7.76% -38.38% -37.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.214B $1.309B $1.141B
Total Long-Term Liabilities $125.0M $99.00M $106.0M
Total Liabilities $6.097B $6.172B $6.210B
YoY Change -6.27% -0.29% 5.23%
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 $2.247B $2.135B $2.101B
YoY Change
Total Liabilities & Shareholders Equity $8.344B $8.307B $8.311B
YoY Change -4.1% -7.67% -5.14%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $232.0M $138.0M -$222.0M
YoY Change -139.66% 206.67% -408.33%
Depreciation, Depletion And Amortization $45.00M $34.00M $36.00M
YoY Change -50.55% 9.68% -249.38%
Cash From Operating Activities -$52.00M $317.0M $42.00M
YoY Change -124.53% 120.14% -8.1%
INVESTING ACTIVITIES
Capital Expenditures -$38.00M $41.00M $33.00M
YoY Change -55.81% -63.06% -60.71%
Acquisitions
YoY Change
Other Investing Activities $25.00M $9.000M -$22.00M
YoY Change -120.66% -103.53% -91.89%
Cash From Investing Activities -$13.00M -$37.00M -$43.00M
YoY Change -93.72% -87.06% -79.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000M -289.0M 45.00M
YoY Change -96.3% -303.52% -75.27%
NET CHANGE
Cash From Operating Activities -52.00M 317.0M 42.00M
Cash From Investing Activities -13.00M -37.00M -43.00M
Cash From Financing Activities 1.000M -289.0M 45.00M
Net Change In Cash -64.00M -9.000M 44.00M
YoY Change -300.0% 191.39%
FREE CASH FLOW
Cash From Operating Activities -$52.00M $317.0M $42.00M
Capital Expenditures -$38.00M $41.00M $33.00M
Free Cash Flow -$14.00M $276.0M $9.000M
YoY Change -104.7% 736.36% -123.5%

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CY2016Q1 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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825.5
CY2017Q1 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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825.5
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825.5
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270000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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48000000 USD
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CY2016Q3 us-gaap Gross Profit
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CY2016Q4 us-gaap Gross Profit
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CY2017Q3 us-gaap Gross Profit
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CY2017Q4 us-gaap Gross Profit
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185000000 USD
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-4.94
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership Unit Basic
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted1
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0.20
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted1
IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1
-4.94
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted1
IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1
-1.78
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-72000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-306000000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
8000000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-225000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
20000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
156000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
56000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
326000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.91
CY2016 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.32
CY2017 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
2.12
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65000000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-6000000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7000000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
55000000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
36000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
8000000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
51000000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-30000000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
19000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
221000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-44000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4000000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
215000000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1000000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-33000000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
56000000 USD
CY2015 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
11000000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16000000 USD
CY2016 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-5000000 USD
CY2017 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
131000000 USD
CY2015 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
-42000000 USD
CY2016 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
94000000 USD
CY2017 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
97000000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
50000000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-18000000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-21000000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
19000000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-27000000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
54000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-23000000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
62000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7000000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
775000000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
768000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
67000000 USD
CY2016 us-gaap Interest Expense
InterestExpense
161000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
209000000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
60000000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
167000000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
209000000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
39000000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
43000000 USD
CY2015 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
78000000 USD
CY2016 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-97000000 USD
CY2017 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-24000000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
423000000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
426000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
79000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
81000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
81000000 USD
CY2017 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P40Y
CY2016Q4 us-gaap Liabilities
Liabilities
6505000000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
6097000000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8701000000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8344000000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1102000000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1214000000 USD
CY2015Q3 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
1
CY2015Q3 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
1
CY2015 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
120000000 USD
CY2016 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
386000000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
3509000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1129000000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-331000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-132000000 USD
CY2017 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
93000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1953000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2501000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-339000000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
3519000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4509000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4284000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
5000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4561000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4324000000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 USD
CY2017Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4400000000 USD
CY2016Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
1000000000 USD
CY2017Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
765000000 USD
CY2015 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1250000000 USD
CY2016 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-2585000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
349000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
466000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
303000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
87000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-406000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
149000000 USD
CY2016 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
0 USD
CY2017 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
0 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2017Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
30 state
CY2017Q2 us-gaap Number Of Stores
NumberOfStores
207
CY2016Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
12000000 USD
CY2017Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
10000000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
728000000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
1011000000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
879000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
252000000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
89000000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
120000000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
76000000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-140000000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
145000000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
56000000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-20000000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
128000000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
65000000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
229000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
812000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
74000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
48000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
53000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
59000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
64000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
514000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
144000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
56000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
7000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
11000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
23000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
41000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
6000000 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
81000000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
88000000 USD
CY2017 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
89000000 USD
CY2015 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
20000000 USD
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
18000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
16000000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
26000000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
25000000 USD
CY2017 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
25000000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
84000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31000000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
73000000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
81000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
63000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45000000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
372000000 USD
CY2016 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
374000000 USD
CY2017 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
375000000 USD
CY2015 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5000000 USD
CY2016 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
14000000 USD
CY2017 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
11000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
116000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
125000000 USD
CY2015 us-gaap Other Operating Income
OtherOperatingIncome
141000000 USD
CY2016 us-gaap Other Operating Income
OtherOperatingIncome
145000000 USD
CY2017 us-gaap Other Operating Income
OtherOperatingIncome
153000000 USD
CY2015 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
8000000 USD
CY2015 us-gaap Payments Of Loan Costs
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22000000 USD
CY2016 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
0 USD
CY2017 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
0 USD
CY2016Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
10000000 USD
CY2017Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
23000000 USD
CY2016Q4 us-gaap Partners Capital
PartnersCapital
2196000000 USD
CY2017Q4 us-gaap Partners Capital
PartnersCapital
2247000000 USD
CY2015 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
899000000 USD
CY2016 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
71000000 USD
CY2017 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
33000000 USD
CY2015 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
1008000000 USD
CY2016 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
2263158 shares
CY2012Q3 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
10925000 shares
CY2014Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
6008000000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
5263000000 USD
CY2016Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2196000000 USD
CY2017Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2247000000 USD
CY2015 us-gaap Partners Capital Other
PartnersCapitalOther
-35000000 USD
CY2016 us-gaap Partners Capital Other
PartnersCapitalOther
28000000 USD
CY2017 us-gaap Partners Capital Other
PartnersCapitalOther
-12000000 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
204000000 USD
CY2016 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
50000000 USD
CY2017 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2016 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
30000000 USD
CY2017 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
61000000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
50000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
39000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
178000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
119000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
103000000 USD
CY2017Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2017Q1 us-gaap Preferred Units Issued
PreferredUnitsIssued
12000000 shares
CY2015 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
899000000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
71000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
33000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1400000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2835000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
300000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1471000000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2811000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2653000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3000000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
194000000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
62000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9000000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10000000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
72000000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
45000000 USD
CY2016Q4 us-gaap Profit Loss
ProfitLoss
-585000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
-406000000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
1000000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-222000000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
138000000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
232000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
149000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1942000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2012000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1584000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1557000000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1449000000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2261000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2888000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
242000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
808000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000 USD
CY2016Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
29000000 USD
CY2017Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
30000000 USD
CY2015 us-gaap Revenues
Revenues
12430000000 USD
CY2016Q1 us-gaap Revenues
Revenues
1980000000 USD
CY2016Q2 us-gaap Revenues
Revenues
2563000000 USD
CY2016Q3 us-gaap Revenues
Revenues
2619000000 USD
CY2016Q4 us-gaap Revenues
Revenues
2824000000 USD
CY2016 us-gaap Revenues
Revenues
9986000000 USD
CY2017Q1 us-gaap Revenues
Revenues
2808000000 USD
CY2017Q2 us-gaap Revenues
Revenues
2892000000 USD
CY2017Q3 us-gaap Revenues
Revenues
3064000000 USD
CY2017Q4 us-gaap Revenues
Revenues
2959000000 USD
CY2017 us-gaap Revenues
Revenues
11723000000 USD
CY2016Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
117000000 USD
CY2017Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
113000000 USD
CY2017 us-gaap Sale Leaseback Transaction Imputed Interest Rate
SaleLeasebackTransactionImputedInterestRate
0.05125
CY2015 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
544000000 USD
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
128000000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
138000000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
142000000 USD
CY2016Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
133000000 USD
CY2016 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
541000000 USD
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
131000000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
147000000 USD
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
151000000 USD
CY2017Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
142000000 USD
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
571000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
8000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
13000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
24000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2017Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
25.00
CY2015 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2015 us-gaap Straight Line Rent
StraightLineRent
0 USD
CY2016 us-gaap Straight Line Rent
StraightLineRent
-1000000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
-1000000 USD
CY2017 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4000000 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
2000000 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
5000000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-3000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues from our two primary product categories, motor fuel and merchandise, are recognized either at the time fuel is delivered to the customer or at the time of sale. Shipment and delivery of motor fuel generally occurs on the same day. The Partnership charges wholesale customers for third-party transportation costs, which are recorded net in cost of sales. Through PropCo, our wholly-owned corporate subsidiary, we may sell motor fuel to customers on a commission agent basis, in which we retain title to inventory, control access to and sale of fuel inventory, and recognize revenue at the time the fuel is sold to the ultimate customer. In our wholesale segment, we derive other income from rental income, propane and lubricating oils, and other ancillary product and service offerings. In our retail segment, we derive other income from lottery ticket sales, money orders, prepaid phone cards and wireless services, ATM transactions, car washes, movie rentals, and other ancillary product and service offerings. We record revenue from other retail transactions on a net commission basis when a product is sold and/or services are rendered.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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