Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 2,469,141 $ 2,540,263 $ 4,557,517 $ 4,513,074
Operating expenses:        
Fuel costs 1,801,103 1,955,019 3,338,985 3,425,668
Merchandise costs 329,903 300,387 607,226 559,180
Store operating expenses 218,002 178,077 410,685 344,615
General and administrative expenses 42,660 32,956 83,076 64,741
Depreciation and amortization 32,837 24,353 61,236 48,989
Total operating expenses 2,424,505 2,490,792 4,501,208 4,443,193
Other expenses, net 4,956 1,197 7,676 2,318
Operating income 39,680 48,274 48,633 67,563
Interest and other financial income 2,428 8,997 9,630 6,710
Interest and other financial expenses (22,588) (16,336) (43,392) (30,024)
Income before income taxes 19,520 40,935 14,871 44,249
Income tax expense (5,014) (9,157) (2,856) (10,162)
(Loss) income from equity investment (27) 28 (63) 37
Net income 14,479 31,806 11,952 34,124
Less: Net income attributable to non-controlling interests 48 52 101 131
Net income attributable to ARKO Corp. 14,431 31,754 11,851 33,993
Series A redeemable preferred stock dividends (1,434) (1,434) (2,852) (2,852)
Net income attributable to common shareholders $ 12,997 $ 30,320 $ 8,999 $ 31,141
Net income per share attributable to common shareholders - basic $ 0.11 $ 0.25 $ 0.07 $ 0.25
Net income per share attributable to common shareholders - diluted $ 0.11 $ 0.24 $ 0.07 $ 0.25
Weighted average shares outstanding:        
Basic 119,893 121,529 120,073 122,909
Diluted 121,280 130,558 120,767 123,245
Fuel Revenue [Member]        
Revenues:        
Total revenues $ 1,957,100 $ 2,085,854 $ 3,618,764 $ 3,669,380
Merchandise Revenue [Member]        
Revenues:        
Total revenues 484,561 431,751 884,849 798,736
Other Revenue [Member]        
Revenues:        
Total revenues $ 27,480 $ 22,658 $ 53,904 $ 44,958