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

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

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 Nine Months Ended September 30,
	2022		2021
	(unaudited)
	(in thousands)
Total revenue	$	7,367,538	$	6,023,592
Net income		67,558		52,591

Quarles Petroleum Inc [Member]

Business Acquisition [Line Items]

Summary of Details of Business Combination

The details of the Quarles Acquisition were as follows:


	Amount
	(in thousands)
Fair value of consideration transferred:
Cash	$	15,056
GPMP Capital One Line of Credit		40,000
Liability resulting from contingent consideration		661
Consideration provided by Oak Street		129,316
Total consideration	$	185,033
Assets acquired and liabilities:
Inventory	$	12,300
Other assets		1,392
Property and equipment, net		154,889
Intangible assets		22,130
Right-of-use assets under operating leases		32,384
Environmental receivables		8
Total assets		223,103
Other liabilities		(1,168	)
Environmental liabilities		(316	)
Asset retirement obligations		(4,743	)
Operating leases		(31,843	)
Total liabilities		(38,070	)
Total identifiable net assets		185,033
Goodwill	$	-

Consideration paid in cash	$	55,056
Consideration provided by Oak Street		129,316
Net cash outflow	$	184,372