ARKO Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2023

Summary of Pro Forma Results of Operations

The unaudited pro forma financial information is not necessarily indicative of what the actual results of operations would have been had the acquisitions occurred at the beginning of each period presented below nor is it indicative of future results.


	For the Three Months Ended March 31,
	2023			2022
	(unaudited)
	(in thousands)
Total revenue	$	2,318,561		$	2,539,340
Net income		(6,128	)		677

Transit Energy Group [Member]

Business Acquisition [Line Items]

Summary of Details of Business Combination

The details of the TEG Acquisition were as follows:


	Amount
	(in thousands)
Fair value of consideration transferred:
Cash	$	25,702
GPMP Capital One Line of Credit		55,000
Liability resulting from deferred purchase price		45,845
Payable to TEG		500
Consideration provided by Oak Street		258,019
Total consideration	$	385,066
Assets acquired and liabilities:
Cash and cash equivalents	$	379
Inventory		20,144
Other assets		930
Property and equipment, net		336,838
Intangible assets		35,000
Right-of-use assets under operating leases		58,141
Environmental receivables		108
Total assets		451,540
Other liabilities		(1,611	)
Environmental liabilities		(219	)
Asset retirement obligations		(7,098	)
Operating leases		(57,546	)
Total liabilities		(66,474	)
Total identifiable net assets		385,066
Goodwill	$	—

Consideration paid in cash	$	80,702
Consideration provided by Oak Street		258,019
Less: cash and cash equivalent balances acquired		(379	)
Net cash outflow	$	338,342