Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 9,142,799 $ 7,417,398 $ 4,010,232
Operating expenses:      
Fuel costs 6,856,651 5,275,907 2,131,416
Merchandise costs 1,146,423 1,143,494 1,088,032
Store operating expenses 721,174 630,518 532,422
General and administrative expenses 139,969 124,667 94,424
Depreciation and amortization 101,752 97,194 74,396
Total operating expenses 8,965,969 7,271,780 3,920,690
Other income, net 9,816 3,536 9,228
Operating income 167,014 142,082 80,314
Interest and other financial income 3,178 3,005 1,768
Interest and other financial expenses (62,583) (74,212) (51,673)
Income (Loss) before income taxes 107,609 70,875 30,409
Income tax benefit (expense) (35,557) (11,634) 1,499
(Loss) income from equity investment (74) 186 (1,269)
Net income 71,978 59,427 30,639
Less: Net income attributable to non-controlling interests 231 229 16,929
Net income attributable to ARKO Corp. 71,747 59,198 13,710
Accretion of redeemable preferred stock 0 0 (3,120)
Series A redeemable preferred stock dividends (5,750) (5,735) (157)
Net income attributable to common shareholders $ 65,997 $ 53,463 $ 10,433
Net income per share attributable to common shareholders - basic $ 0.54 $ 0.43 $ 0.15
Net income per share attributable to common shareholders - diluted $ 0.53 $ 0.42 $ 0.15
Weighted average shares outstanding:      
Basic 121,476 124,412 71,074
Diluted 123,224 125,437 71,074
Fuel Revenue [Member]      
Revenues:      
Total revenues $ 7,401,090 $ 5,714,333 $ 2,452,401
Merchandise Revenue [Member]      
Revenues:      
Total revenues 1,647,642 1,616,404 1,494,342
Other Revenue [Member]      
Revenues:      
Total revenues $ 94,067 $ 86,661 $ 63,489