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Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2018 | Feb. 20, 2019 | Jun. 29, 2018 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | CrossAmerica Partners LP | ||
DocumentType | 10-K | ||
Entity Central Index Key | 0001538849 | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | CAPL | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Public Float | $ 326.3 | ||
Entity Common Stock, Shares Outstanding | 34,444,113 | ||
Entity Shell Company | false | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false |
Please wait while we load the requested 10-K report or click the link below:
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Crossamerica Partners Lp.
Crossamerica Partners Lp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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Inflation affects our financial performance by increasing certain of our operating expenses and cost of goods sold.
These results were impacted by: Gross profit Our motor fuel gross profit decreased $1.3 million attributable to a 15% decrease in margin per gallon as a result of the movement in crude oil prices throughout the two periods.
Net cash provided by operating activities increased $9.5 million for 2017 compared to 2016, driven primarily by incremental cash flow generated by our March 2016 Franchised Holiday Stores, September 2016 State Oil Assets and November 2017 Jet-Pep Assets acquisitions.
We are required to maintain a total leverage ratio (as defined in the revolving credit facility) for the most recently completed four fiscal quarters of less than or equal to 4.50 : 1.00, except for the quarter in which a material acquisition occurs and the first four full fiscal quarters following a material acquisition, generally defined as an acquisition with a purchase price of at least $30.0 million, with a ratio of 5.00 : 1.00, and a consolidated interest coverage ratio (as defined in the revolving credit facility) of greater than or equal to 2.75 : 1.00.
The results were driven by: Motor fuel gross profit The $4.7 million or 9% increase in motor fuel gross profit was primarily due to a higher margin per gallon realized primarily due to higher DTW margins as a result of the movements in crude prices throughout both periods and increased payment discounts and incentives due to the increase in motor fuel prices.
Income from CST Fuel Supply...Read more
We are in the process...Read more
The results were driven by:...Read more
General and administrative expenses General...Read more
? Improved fuel pricing under...Read more
A material decrease in our...Read more
Rent and other gross profit...Read more
Adjusted EBITDA represents EBITDA as...Read more
Our results for 2019 are...Read more
These results were impacted by:...Read more
With the significant decline in...Read more
On July 7, 2016, in...Read more
In addition, we realized a...Read more
Therefore, in periods of lower...Read more
Operating revenues increased $225 million...Read more
Effective November 1, 2018, we...Read more
Our consolidated statements of income...Read more
Year over year cash flow...Read more
Distributable Cash Flow represents Adjusted...Read more
(b) Please see the reconciliation...Read more
Rent and other gross profit...Read more
? Our rent and other...Read more
As a result, gross profit...Read more
? Our rent and other...Read more
The crude oil commodity markets...Read more
We are in the process...Read more
Under the program, we may...Read more
We early adopted ASU 2017-01,...Read more
Two of the key differences...Read more
(d) The decrease in the...Read more
The narrative following these tables...Read more
Conversely, our DTW motor fuel...Read more
In addition, as a result...Read more
In addition, as a result...Read more
We received $25.0 million in...Read more
Distribution activity for 2018 was...Read more
This guidance was effective January...Read more
We early adopted ASU 2017-04,...Read more
At each closing, CK Properties...Read more
The following table reconciles our...Read more
However, we are subject to...Read more
Such payments have been characterized...Read more
Changes in our operating plans,...Read more
Gain on sales of assets,...Read more
The payments in the table...Read more
Separation benefit and retention bonus...Read more
The majority of our accounts...Read more
? In July and September...Read more
As a result of a...Read more
Interest expense Interest expense increased...Read more
Distribution Coverage Ratio is computed...Read more
(f) The distribution coverage ratio...Read more
Whether we will be able...Read more
We anticipate an improvement in...Read more
We make investments to expand,...Read more
Since this was a forced...Read more
In the goodwill impairment test,...Read more
The crude oil commodity markets...Read more
Cost of sales Cost of...Read more
We typically experience lower retail...Read more
In December 2016, we sold...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Crossamerica Partners Lp provided additional information to their SEC Filing as exhibits
Ticker: CAPL
CIK: 1538849
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-004128
Submitted to the SEC: Mon Feb 25 2019 12:55:42 PM EST
Accepted by the SEC: Tue Feb 26 2019
Period: Monday, December 31, 2018
Industry: Wholesale Petroleum And Petroleum Products No Bulk Stations