Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 257

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 257
---
     
    $
    1,114,725

    $
    1,181,682

The accompanying notes are an integral part of these consolidated financial statements.

56

CROSSAMERICA PARTNERS LP

CONSOLIDATED STATEMENTS OF INCOME

(Thousands of Dollars, except unit and per unit amounts)

    For the Year Ended December 31,

    2024

    2023

    2022

    Operating revenues (a)
     
    $
    4,098,288

    $
    4,386,263

    $
    4,967,424

    Cost of sales (b)

    3,699,969

    4,003,995

    4,591,653

    Gross profit

    398,319

    382,268

    375,771

    Operating expenses:

    Operating expenses (c)

    227,986

    194,746

    174,708

    General and administrative expenses

    28,756

    27,031

    25,575

    Depreciation, amortization and accretion expense

    75,983

    77,158

    80,625

    Total operating expenses

    332,725

    298,935

    280,908

    Gain on dispositions and lease terminations, net

    4,966

    4,737

    1,143

    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

    Income tax (benefit) expense

    (3,433
    )

    2,525

    714

    Net income

    22,453

    42,592

    63,696

    Accretion of preferred membership interests

    2,561

    2,488

    1,726

    Net income available to limited partners
     
    $
    19,892

    $
    40,104