Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 2,622,054 $ 2,449,647 $ 7,179,571 $ 6,962,721
Operating expenses:        
Fuel costs 1,923,869 1,824,437 5,262,854 5,250,105
Merchandise costs 345,699 306,930 952,925 866,110
Store operating expenses 226,698 189,582 637,383 534,197
General and administrative expenses 44,116 35,954 127,192 100,695
Depreciation and amortization 33,713 26,061 94,949 75,050
Total operating expenses 2,574,095 2,382,964 7,075,303 6,826,157
Other expenses, net 3,885 951 11,561 3,269
Operating income 44,074 65,732 92,707 133,295
Interest and other financial income 9,371 2,676 18,897 2,509
Interest and other financial expenses (23,950) (22,472) (67,238) (45,619)
Income before income taxes 29,495 45,936 44,366 90,185
Income tax expense (7,993) (20,898) (10,849) (31,060)
Loss from equity investment (14) (44) (77) (7)
Net income 21,488 24,994 33,440 59,118
Less: Net income attributable to non-controlling interests 48 51 149 182
Net income attributable to ARKO Corp. 21,440 24,943 33,291 58,936
Series A redeemable preferred stock dividends (1,449) (1,449) (4,301) (4,301)
Net income attributable to common shareholders $ 19,991 $ 23,494 $ 28,990 $ 54,635
Net income per share attributable to common shareholders - basic $ 0.17 $ 0.2 $ 0.24 $ 0.45
Net income per share attributable to common shareholders - diluted $ 0.17 $ 0.17 $ 0.24 $ 0.43
Weighted average shares outstanding:        
Basic 118,389 120,074 119,505 121,950
Diluted 120,292 130,388 120,602 123,527
Fuel Revenue [Member]        
Revenues:        
Total revenues $ 2,086,392 $ 1,979,574 $ 5,705,156 $ 5,648,954
Merchandise Revenue [Member]        
Revenues:        
Total revenues 506,425 445,822 1,391,274 1,244,558
Other Revenue [Member]        
Revenues:        
Total revenues $ 29,237 $ 24,251 $ 83,141 $ 69,209