Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 2,449,647 $ 2,035,023 $ 6,962,721 $ 5,429,193
Operating expenses:        
Fuel costs 1,824,437 1,459,664 5,250,105 3,819,571
Merchandise costs 306,930 301,533 866,110 866,239
Store operating expenses 189,582 164,432 534,197 464,038
General and administrative expenses 35,954 32,696 100,695 91,270
Depreciation and amortization 26,061 22,031 75,050 71,546
Total operating expenses 2,382,964 1,980,356 6,826,157 5,312,664
Other expenses (income), net 951 (56) 3,269 2,811
Operating income 65,732 54,723 133,295 113,718
Interest and other financial income 2,676 2,937 2,509 4,613
Interest and other financial expenses (22,472) (17,365) (45,619) (59,655)
Income before income taxes 45,936 40,295 90,185 58,676
Income tax expense (20,898) (4,795) (31,060) (12,285)
(Loss) income from equity investment (44) 85 (7) 105
Net income 24,994 35,585 59,118 46,496
Less: Net income attributable to non-controlling interests 51 51 182 179
Net income attributable to ARKO Corp. 24,943 35,534 58,936 46,317
Series A redeemable preferred stock dividends (1,449) (1,449) (4,301) (4,285)
Net income attributable to common shareholders $ 23,494 $ 34,085 $ 54,635 $ 42,032
Net income per share attributable to common shareholders - basic $ 0.20 $ 0.27 $ 0.45 $ 0.34
Net income per share attributable to common shareholders - diluted $ 0.17 $ 0.25 $ 0.43 $ 0.31
Weighted average shares outstanding:        
Basic 120,074 124,428 121,950 124,406
Diluted 130,388 133,925 123,527 125,354
Fuel Revenue [Member]        
Revenues:        
Total revenues $ 1,979,574 $ 1,580,359 $ 5,648,954 $ 4,144,069
Merchandise Revenue [Member]        
Revenues:        
Total revenues 445,822 434,652 1,244,558 1,220,298
Other Revenue [Member]        
Revenues:        
Total revenues $ 24,251 $ 20,012 $ 69,209 $ 64,826