CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||
| Sales | $ 2,312,430 | $ 2,030,198 | $ 2,146,199 | $ 1,750,812 | $ 2,169,445 | $ 2,486,203 | $ 2,680,088 | $ 2,979,116 | $ 8,239,639 | $ 10,314,852 | $ 17,269,954 |
| Cost of sales | 7,693,149 | 9,717,183 | 16,725,167 | ||||||||
| Gross profit | 154,478 | 132,611 | 129,342 | 130,059 | 132,624 | 152,299 | 144,188 | 168,558 | 546,490 | 597,669 | 544,787 |
| Costs and operating expenses: | |||||||||||
| Selling, general and administrative expenses | 149,673 | 177,043 | 153,961 | ||||||||
| Operating expenses | 288,547 | 290,307 | 204,070 | ||||||||
| Lease exit and termination expenses | 80,700 | 80,665 | |||||||||
| Amortization expense | 9,389 | 13,499 | 18,867 | ||||||||
| Net loss on sale and disposition of assets | 6,500 | 7,500 | 400 | 6,100 | 20,495 | 2,097 | 2,182 | ||||
| Goodwill and long-lived asset impairment | 149,900 | 149,972 | |||||||||
| Total costs and operating expenses | 698,741 | 482,946 | 379,080 | ||||||||
| Operating (loss) income | (152,251) | 114,723 | 165,707 | ||||||||
| Interest expense | (86,319) | (73,332) | (47,764) | ||||||||
| (Loss) income before income tax (expense) benefit | (238,570) | 41,391 | 117,943 | ||||||||
| Income tax (expense) benefit | (53) | 1,873 | (963) | ||||||||
| Net (loss) income | (65,662) | (156,583) | (8,543) | (7,835) | (2,905) | 8,146 | 7,614 | 30,409 | (238,623) | 43,264 | 116,980 |
| Net loss (income) attributable to noncontrolling interest | 39,211 | 299 | (2,271) | ||||||||
| Net (loss) income attributable to Global Partners LP | (65,527) | (119,551) | (7,310) | (7,024) | (2,282) | 8,212 | 7,218 | 30,415 | (199,412) | 43,563 | 114,709 |
| Less: General partner’s interest in net (loss) income, including incentive distribution rights | (1,336) | 7,667 | 5,981 | ||||||||
| Limited partners’ interest in net (loss) income | $ (65,088) | $ (118,750) | $ (7,261) | $ (6,977) | $ (2,267) | $ 5,380 | $ 4,547 | $ 28,236 | $ (198,076) | $ 35,896 | $ 108,728 |
| Basic net (loss) income per limited partner unit | $ (1.94) | $ (3.54) | $ (0.22) | $ (0.21) | $ (0.07) | $ 0.16 | $ 0.15 | $ 0.92 | $ (5.91) | $ 1.12 | $ 3.97 |
| Diluted net (loss) income per limited partner unit | (1.94) | (3.54) | (0.22) | (0.21) | (0.07) | 0.16 | 0.15 | 0.92 | $ (5.91) | $ 1.11 | $ 3.95 |
| Basic weighted average limited partner units outstanding (in units) | 33,525 | 32,178 | 27,420 | ||||||||
| Diluted weighted average limited partner units outstanding (in units) | 33,525 | 32,323 | 27,502 | ||||||||
| Distributions per limited partner unit (in dollars per unit) | $ 0.4625 | $ 0.4625 | $ 0.4625 | $ 0.4625 | $ 0.6975 | $ 0.6925 | $ 0.6800 | $ 0.6650 | $ 1.85 | $ 2.74 | $ 2.53 |