Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 9,412,731 $ 9,142,799 $ 7,417,398
Operating expenses:      
Fuel costs 6,876,084 6,856,651 5,275,907
Merchandise costs 1,252,879 1,146,423 1,143,494
Store operating expenses 860,134 721,174 630,518
General and administrative expenses 165,294 139,969 124,667
Depreciation and amortization 127,597 101,752 97,194
Total operating expenses 9,281,988 8,965,969 7,271,780
Other expenses, net 12,729 9,816 3,536
Operating income 118,014 167,014 142,082
Interest and other financial income 20,273 3,178 3,005
Interest and other financial expenses (91,516) (62,583) (74,212)
Income (loss) before income taxes 46,771 107,609 70,875
Income tax expense (12,166) (35,557) (11,634)
(Loss) income from equity investment (39) (74) 186
Net income 34,566 71,978 59,427
Less: Net income attributable to non-controlling interests 197 231 229
Net income attributable to ARKO Corp. 34,369 71,747 59,198
Series A redeemable preferred stock dividends (5,750) (5,750) (5,735)
Net income attributable to common shareholders $ 28,619 $ 65,997 $ 53,463
Net income per share attributable to common shareholders - basic $ 0.24 $ 0.54 $ 0.43
Net income per share attributable to common shareholders - diluted $ 0.24 $ 0.53 $ 0.42
Weighted average shares outstanding:      
Basic 118,782 121,476 124,412
Diluted 119,605 123,224 125,437
Fuel Revenue [Member]      
Revenues:      
Total revenues $ 7,464,372 $ 7,401,090 $ 5,714,333
Merchandise Revenue [Member]      
Revenues:      
Total revenues 1,838,001 1,647,642 1,616,404
Other Revenue [Member]      
Revenues:      
Total revenues $ 110,358 $ 94,067 $ 86,661