Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 174

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 174
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 outcomes.We did not have unrecognized tax benefits at December 31, 2024 or 2023. Our practice is to recognize interest and penalties related to income tax matters in income tax expense. We had no material interest and penalties for 2024, 2023 and 2022.We file income tax returns with the U.S. federal government as well as the many state jurisdictions in which we operate. The statute remains open for tax years 2021 through 2024; therefore, these years remain subject to examination by federal, state and local jurisdiction authorities.

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CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Note 21. NET INCOME PER LIMITED PARTNER UNITThe following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per common unit for the following periods (in thousands, except unit and per unit amounts): 

        Years Ended December 31,

        2024

        2023

        2022

        Numerator:

        Distributions paid on common units
         
        $
        79,854

        $
        79,712

        $
        79,625

        Allocation of distributions in excess of net income

        (59,962
        )

        (39,608
        )

        (17,655
        )

        Limited partners’ interest in net income - basic and diluted
         
        $
        19,892

        $
        40,104

        $
        61,970

        Denominator:

        Weighted average common units outstanding - basic

        38,027,587

        37,957,727

        37,916,829

        Adjustment for phantom and phantom performance units(a)

        144,847

        161,734

        142,945

        Weighted average common units outstanding - diluted

        38,172,434

        38,119,461

        38,059,774

        Net income per common unit - basic
         
        $
        0.52

        $
        1.06

        $
        1.63

        Net income per common unit - diluted
         
        $
        0.52

        $
        1.05

        $
        1.63

        Distributions paid per common unit
         
        $
        2.1000