$SUN
Sunoco LP Stock $sun

$sun Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000155227523000039 Filed on August 03, 2023

Income Statement

Concept	2023 Q2	2022 Q2
Revenue	$5.745B	$7.815B
YoY Change	-26.49%	77.94%
Cost Of Revenue	$5.431B	$7.470B
YoY Change	-27.3%	84.95%
Gross Profit	$314.0M	$345.0M
YoY Change	-8.99%	-2.27%
Gross Profit Margin	5.47%	4.41%
Selling, General & Admin	$50.00M	$45.00M
YoY Change	11.11%	9.76%
% of Gross Profit	15.92%	13.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$49.00M	$49.00M
YoY Change	0.0%	13.95%
% of Gross Profit	15.61%	14.2%
Operating Expenses	$186.0M	$177.0M
YoY Change	5.08%	29.2%
Operating Profit	$128.0M	$173.0M
YoY Change	-26.01%	-19.91%
Interest Expense	-$52.00M	$45.00M
YoY Change	-215.56%	4.65%
% of Operating Profit	-40.63%	26.01%
Other Income/Expense, Net	$7.000M	$0.00
YoY Change
Pretax Income	$96.00M	$129.0M
YoY Change	-25.58%	-25.86%
Income Tax	$9.000M	$8.000M
% Of Pretax Income	9.38%	6.2%
Net Earnings	$66.00M	$121.0M
YoY Change	-45.45%	-27.11%
Net Earnings / Revenue	1.15%	1.55%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.78	$1.427M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$239.0M	$168.0M
YoY Change	42.26%	93.1%
Cash & Equivalents	$239.0M	$168.0M
Short-Term Investments
Other Short-Term Assets	$144.0M	$334.0M
YoY Change	-56.89%	173.77%
Inventory	$931.0M	$757.0M
Prepaid Expenses
Receivables	$441.0M	$906.0M
Other Receivables	$113.0M	$163.0M
Total Short-Term Assets	$1.868B	$2.178B
YoY Change	-14.23%	81.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.353B	$1.676B
YoY Change	40.39%	19.71%
Goodwill	$1.599B	$1.587B
YoY Change	0.76%	1.47%
Intangibles	$564.0M	$614.0M
YoY Change	-8.14%	9.64%
Long-Term Investments	$127.0M	$131.0M
YoY Change	-3.05%	-2.24%
Other Assets	$271.0M	$212.0M
YoY Change	27.83%	38.56%
Total Long-Term Assets	$4.914B	$4.745B
YoY Change	3.56%	9.31%
TOTAL ASSETS
Total Short-Term Assets	$1.868B	$2.178B
Total Long-Term Assets	$4.914B	$4.745B
Total Assets	$6.782B	$6.923B
YoY Change	-2.04%	24.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$852.0M	$995.0M
YoY Change	-14.37%	91.71%
Accrued Expenses	$343.0M	$314.0M
YoY Change	9.24%	10.95%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00
YoY Change		-100.0%
Total Short-Term Liabilities	$1.217B	$1.499B
YoY Change	-18.81%	73.5%
LONG-TERM LIABILITIES
Long-Term Debt	$3.663B	$3.538B
YoY Change	3.53%	16.61%
Other Long-Term Liabilities	$745.0M	$111.0M
YoY Change	571.17%	4.72%
Total Long-Term Liabilities	$4.408B	$111.0M
YoY Change	3871.17%	4.72%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.217B	$1.499B
Total Long-Term Liabilities	$4.408B	$111.0M
Total Liabilities	$5.783B	$5.943B
YoY Change	-2.69%	24.83%
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	$999.0M	$980.0M
YoY Change
Total Liabilities & Shareholders Equity	$6.782B	$6.923B
YoY Change	-2.04%	24.96%

Cashflow Statement

Concept	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$66.00M	$121.0M
YoY Change	-45.45%	-27.11%
Depreciation, Depletion And Amortization	$49.00M	$49.00M
YoY Change	0.0%	13.95%
Cash From Operating Activities	$91.00M	$314.0M
YoY Change	-71.02%	155.28%
INVESTING ACTIVITIES
Capital Expenditures	$50.00M	$29.00M
YoY Change	72.41%	-3.33%
Acquisitions
YoY Change
Other Investing Activities	-$89.00M	$9.000M
YoY Change	-1088.89%	12.5%
Cash From Investing Activities	-$139.0M	-$20.00M
YoY Change	595.0%	-9.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	98.00M	-230.0M
YoY Change	-142.61%	111.01%
NET CHANGE
Cash From Operating Activities	91.00M	314.0M
Cash From Investing Activities	-139.0M	-20.00M
Cash From Financing Activities	98.00M	-230.0M
Net Change In Cash	50.00M	64.00M
YoY Change	-21.88%	-900.0%
FREE CASH FLOW
Cash From Operating Activities	$91.00M	$314.0M
Capital Expenditures	$50.00M	$29.00M
Free Cash Flow	$41.00M	$285.0M
YoY Change	-85.61%	206.45%

Facts In Submission

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CY2023Q2	sun	Lease Liabilities Due Year Two LeaseLiabilitiesDueYearTwo	48000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	47000000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	0	usd
CY2023Q2	sun	Lease Liabilities Due Year Three LeaseLiabilitiesDueYearThree	47000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	46000000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	usd
CY2023Q2	sun	Lease Liabilities Due Year Four LeaseLiabilitiesDueYearFour	46000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	764000000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	15000000	usd
CY2023Q2	sun	Lease Liabilities Due After Five Years LeaseLiabilitiesDueAfterFiveYears	779000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	980000000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	15000000	usd
CY2023Q2	sun	Lease Liabilities Due LeaseLiabilitiesDue	995000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	431000000	usd
CY2023Q2	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	6000000	usd
CY2023Q2	sun	Lease Liability Undiscounted Excess Amount LeaseLiabilityUndiscountedExcessAmount	437000000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	549000000	usd
CY2023Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	9000000	usd
CY2023Q2	sun	Lease Liabilities LeaseLiabilities	558000000	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	rate
CY2023Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	20000000	usd
CY2022Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	27000000	usd
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	51000000	usd
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	73000000	usd
CY2023Q2	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	13000000	usd
CY2022Q2	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	22000000	usd
	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	39000000	usd
	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	66000000	usd
CY2023Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	2000000	usd
CY2022Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	2000000	usd
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	4000000	usd
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	3000000	usd
CY2023Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	0	usd
CY2022Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	1000000	usd
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	0	usd
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	1000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11000000	usd
CY2023Q2	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.8420
CY2023Q2	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	71000000	usd
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CY2023Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	70000000	usd
CY2023Q2	us-gaap	Revenues Revenues	5745000000	usd
CY2022Q2	us-gaap	Revenues Revenues	7815000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	87000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	121000000	usd
CY2023Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	49000000	usd
CY2022Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	49000000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	53000000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	45000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	4000000	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	3000000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	13000000	usd
CY2022Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000000	usd
CY2023Q2	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	1000000	usd
CY2022Q2	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-11000000	usd
CY2023Q2	us-gaap	Assets Fair Value Adjustment AssetsFairValueAdjustment	57000000	usd
CY2022Q2	us-gaap	Assets Fair Value Adjustment AssetsFairValueAdjustment	-1000000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1000000	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1000000	usd
CY2023Q2	sun	Adjusted Ebitda Attributableto Unconsolidated Affiliate AdjustedEbitdaAttributabletoUnconsolidatedAffiliate	3000000	usd
CY2022Q2	sun	Adjusted Ebitda Attributableto Unconsolidated Affiliate AdjustedEbitdaAttributabletoUnconsolidatedAffiliate	3000000	usd
CY2023Q2	sun	Othernoncashadjustments Othernoncashadjustments	1000000	usd
CY2022Q2	sun	Othernoncashadjustments Othernoncashadjustments	3000000	usd
CY2023Q2	sun	Adjusted Ebitda AdjustedEBITDA	250000000	usd
CY2022Q2	sun	Adjusted Ebitda AdjustedEBITDA	214000000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	50000000	usd
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CY2023Q2	us-gaap	Assets Assets	6782000000	usd
CY2022Q4	us-gaap	Assets Assets	6830000000	usd
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	us-gaap	Revenues Revenues	13217000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	228000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	337000000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	97000000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	96000000	usd
	us-gaap	Interest Expense InterestExpense	106000000	usd
	us-gaap	Interest Expense InterestExpense	86000000	usd
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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11000000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	9000000	usd
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	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	12000000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000000	usd
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-10000000	usd
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	us-gaap	Assets Fair Value Adjustment AssetsFairValueAdjustment	28000000	usd
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	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2000000	usd
	sun	Adjusted Ebitda Attributableto Unconsolidated Affiliate AdjustedEbitdaAttributabletoUnconsolidatedAffiliate	6000000	usd
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	sun	Othernoncashadjustments Othernoncashadjustments	6000000	usd
	sun	Othernoncashadjustments Othernoncashadjustments	10000000	usd
	sun	Adjusted Ebitda AdjustedEBITDA	471000000	usd
	sun	Adjusted Ebitda AdjustedEBITDA	405000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	87000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	55000000	usd
CY2023Q2	us-gaap	Assets Assets	6782000000	usd
CY2022Q4	us-gaap	Assets Assets	6830000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	87000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	121000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	228000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	337000000	usd
CY2023Q2	us-gaap	Incentive Distribution Distribution Per Year IncentiveDistributionDistributionPerYear	20000000	usd
CY2022Q2	us-gaap	Incentive Distribution Distribution Per Year IncentiveDistributionDistributionPerYear	18000000	usd
	us-gaap	Incentive Distribution Distribution Per Year IncentiveDistributionDistributionPerYear	39000000	usd
	us-gaap	Incentive Distribution Distribution Per Year IncentiveDistributionDistributionPerYear	36000000	usd
CY2023Q2	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	1000000	usd
CY2022Q2	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	1000000	usd
	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	3000000	usd
	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	3000000	usd
CY2023Q2	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.79
CY2022Q2	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	1.22
	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	2.21
	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	3.56
CY2023Q2	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.78
CY2022Q2	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	1.20
	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	2.19
	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	3.52
	us-gaap	Profit Loss ProfitLoss	228000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	337000000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	97000000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	96000000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	21000000	usd

Files In Submission

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$SUN
Sunoco LP Stock $sun

2023 Q2 Form 10-Q Financial Statement

#000155227523000039 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SUN Sunoco LP Stock $sun

2023 Q2 Form 10-Q Financial Statement

#000155227523000039 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SUN
Sunoco LP Stock $sun