Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 2,540,263 $ 1,909,814 $ 4,513,074 $ 3,394,170
Operating expenses:        
Fuel costs 1,955,019 1,347,109 3,425,668 2,359,907
Merchandise costs 300,387 303,952 559,180 564,706
Store operating expenses 178,077 154,668 344,615 299,606
General and administrative expenses 32,956 31,861 64,741 58,574
Depreciation and amortization 24,353 25,273 48,989 49,515
Total operating expenses 2,490,792 1,862,863 4,443,193 3,332,308
Other expenses, net 1,197 1,195 2,318 2,867
Operating income 48,274 45,756 67,563 58,995
Interest and other financial income 8,997 2,601 6,710 1,695
Interest and other financial expenses (16,336) (14,598) (30,024) (42,309)
Income before income taxes 40,935 33,759 44,249 18,381
Income tax expense (9,157) (8,212) (10,162) (7,490)
Income from equity investment 28 26 37 20
Net income 31,806 25,573 34,124 10,911
Less: Net income attributable to non-controlling interests 52 54 131 128
Net income attributable to ARKO Corp. 31,754 25,519 33,993 10,783
Series A redeemable preferred stock dividends (1,434) (1,434) (2,852) (2,836)
Net income attributable to common shareholders $ 30,320 $ 24,085 $ 31,141 $ 7,947
Net income per share attributable to common shareholders - basic $ 0.25 $ 0.19 $ 0.25 $ 0.06
Net income per share attributable to common shareholders - diluted $ 0.24 $ 0.19 $ 0.25 $ 0.06
Weighted average shares outstanding:        
Basic 121,529 124,428 122,909 124,395
Diluted 130,558 133,032 123,245 124,543
Fuel Revenue [Member]        
Revenues:        
Total revenues $ 2,085,854 $ 1,460,763 $ 3,669,380 $ 2,563,710
Merchandise Revenue [Member]        
Revenues:        
Total revenues 431,751 426,365 798,736 785,646
Other Revenue [Member]        
Revenues:        
Total revenues $ 22,658 $ 22,686 $ 44,958 $ 44,814