Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Revenues |
|
|
|
|
| Retail motor fuel |
$ 1,401,830
|
$ 1,580,815
|
$ 3,876,542
|
$ 4,597,670
|
| Wholesale motor fuel sales to third parties |
2,026,454
|
2,664,186
|
5,544,905
|
7,946,323
|
| Wholesale motor fuel sales to affiliates |
28,226
|
3,779
|
45,065
|
8,718
|
| Merchandise |
605,275
|
589,299
|
1,705,963
|
1,633,102
|
| Rental income |
22,883
|
20,949
|
67,582
|
61,265
|
| Other |
52,649
|
47,744
|
151,740
|
136,630
|
| Total revenues |
4,137,317
|
4,906,772
|
11,391,797
|
14,383,708
|
| Cost of sales |
|
|
|
|
| Retail motor fuel |
1,222,827
|
1,384,813
|
3,428,659
|
4,114,463
|
| Wholesale motor fuel |
1,916,511
|
2,591,791
|
5,136,083
|
7,623,330
|
| Merchandise |
412,983
|
404,179
|
1,160,001
|
1,122,970
|
| Other |
7,609
|
1,231
|
10,357
|
3,744
|
| Total cost of sales |
3,559,930
|
4,382,014
|
9,735,100
|
12,864,507
|
| Gross profit |
577,387
|
524,758
|
1,656,697
|
1,519,201
|
| Operating expenses |
|
|
|
|
| General and administrative |
82,774
|
61,547
|
201,688
|
167,747
|
| Other operating |
276,401
|
266,681
|
792,194
|
759,713
|
| Rent |
36,231
|
36,447
|
105,327
|
105,564
|
| Loss on disposal of assets |
203
|
747
|
2,918
|
894
|
| Depreciation, amortization and accretion |
77,628
|
65,984
|
234,418
|
202,927
|
| Total operating expenses |
473,237
|
431,406
|
1,336,545
|
1,236,845
|
| Income from operations |
104,150
|
93,352
|
320,152
|
282,356
|
| Interest expense, net |
54,289
|
28,517
|
132,565
|
57,692
|
| Income before income taxes |
49,861
|
64,835
|
187,587
|
224,664
|
| Income tax expense |
5,310
|
30,124
|
8,890
|
47,113
|
| Net income and comprehensive income |
44,551
|
34,711
|
178,697
|
177,551
|
| Less: Net income and comprehensive income attributable to noncontrolling interest |
0
|
852
|
0
|
2,545
|
| Less: Preacquisition income allocated to general partner |
0
|
6,315
|
0
|
117,728
|
| Net income and comprehensive income attributable to partners |
$ 44,551
|
$ 27,544
|
$ 178,697
|
$ 57,278
|
| Common Units [Member] |
|
|
|
|
| Net income per limited partner unit: |
|
|
|
|
| Net income per limited partner unit (basic and diluted) (in dollars per share) |
$ 0.24
|
$ 0.30
|
$ 1.25
|
$ 0.96
|
| Weighted average limited partner units outstanding: |
|
|
|
|
| Weighted average limited partner units outstanding (basic) (in shares) |
95,339,786
|
43,772,026
|
92,720,563
|
30,994,016
|
| Weighted average limited partner units outstanding (diluted) (in shares) |
95,414,444
|
43,772,142
|
92,795,221
|
30,994,132
|
| Cash distribution per common unit (in shares) |
$ 0.8255
|
$ 0.7454
|
$ 2.4683
|
$ 2.0838
|
| Subordinated Units-Affiliated [Member] |
|
|
|
|
| Net income per limited partner unit: |
|
|
|
|
| Net income per limited partner unit (basic and diluted) (in dollars per share) |
$ 0.00
|
$ 0.52
|
$ 0.00
|
$ 1.21
|
| Weighted average limited partner units outstanding: |
|
|
|
|
| Weighted average limited partner units oustanding (basic and diluted) (in shares) |
0
|
10,939,436
|
0
|
10,939,436
|
| Common Units - Public [Member] |
|
|
|
|
| Weighted average limited partner units outstanding: |
|
|
|
|
| Weighted average limited partner units outstanding (basic) (in shares) |
49,588,960
|
24,340,677
|
49,588,960
|
21,486,878
|
| Weighted average limited partner units outstanding (diluted) (in shares) |
49,663,618
|
24,340,793
|
49,663,618
|
21,486,994
|
| Common Units - Affiliated [Member] |
|
|
|
|
| Weighted average limited partner units outstanding: |
|
|
|
|
| Weighted average limited partner units oustanding (basic and diluted) (in shares) |
45,750,826
|
19,431,349
|
43,131,603
|
9,507,137
|