Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 299

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 299
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(a) For the Wholesale and Retail segments, other segment items includes real estate taxes, utilities, management fees, insurance and other operating expenses. For the Retail segment, other segment items also includes rent expense, store supplies and shrink. Other segment items that are not allocated to a segment include general and administrative expenses, depreciation, amortization and accretion expense and gains on dispositions and lease terminations, net.A reconciliation from operating income to income before income taxes follows (in thousands): 

          Years Ended December 31,

          2024

          2023

          2022

          Operating income
           
          $
          70,560

          $
          88,070

          $
          96,006

          Other income, net

          780

          790

          504

          Interest expense

          (52,320
          )

          (43,743
          )

          (32,100
          )

          Income before income taxes
           
          $
          19,020

          $
          45,117

          $
          64,410

         Receivables relating to the revenue streams above are as follows (in thousands):

        December 31,

        2024

        2023

        Receivables from fuel and merchandise sales
         
        $
        30,115

        $
        28,467

        Receivables for rent and other lease-related charges

        2,122

        3,155

        Total accounts receivable
         
        $
        32,237

        $
        31,622

       Performance obligations are satisfied as fuel is delivered to the customer and as merchandise is sold to the consumer. Many of our fuel contracts with our customers include minimum purchase volumes measured on a monthly basis, for which our performance obligations are satisfied as services are rendered. Receivables from fuel are recognized on a per-gallon rate and are generally collected within 10 days of delivery.The balance of unamortized costs incurred to obtain certain contracts with customers was $8.9 million and $10.0 million at December 31, 2024 and 2023, respectively. Amortization of such costs is recorded against operating revenues and amounted to $2.0 million, $1.9 million and $1.7 million for 2024, 2023 and 2022, respectively 

Receivables from rent and other lease