Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 298

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 298
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 agent who operates the retail site. Similar to our wholesale segment, we also generate revenues through leasing or subleasing real estate in our retail segment.Unallocated items consist primarily of general and administrative expenses, depreciation, amortization and accretion expense, gains on dispositions and lease terminations, net, other income, interest expense and income tax expense. Total assets by segment are not presented as management does not currently assess performance or allocate resources based on that data.Our chief operating decision maker ("CODM") is comprised of our Senior Leadership Team. Our CODM uses segment operating income to assess performance and allocate resources to our segments. Goals and bonus compensation for certain personnel are tied in part to segment operating income. The Senior Leadership Team considers actual-to-budget variances on a monthly basis using segment operating income when making decisions about allocating capital and personnel to our segments. During 2024, we converted 107 sites from lessee dealer sites in the wholesale segment to company operated or commission sites in the retail segment, net, including 59 sites from the Applegreen Acquisition. During 2023, we converted 44 sites from lessee dealer sites in the wholesale segment to company operated or commission sites in the retail segment, net. See Note 3 for additional information.As of December 31, 2024, our wholesale and retail segments operate in 33 and 27 states, respectively. 

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CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

The following table reflects activity related to our reportable segments (in thousands):

        Wholesale

        Retail

        Unallocated

        Consolidated

        Year Ended December 31, 2024

        Revenues from fuel sales to external customers
         
        $
        1,809,897

        $
        1,802,995

        $
        —

        $
        3,612,892

        Revenues from food and merchandise sales

        —

        390,144

        —

        390,144

        Rent income

        57,765

        13,419

        —

        71,184

        Other revenue

        4,601

        19,467

        —

        24,068

        Total revenues

        1,872,263

        2,226,025

        —

        4,098,288

        Cost of goods sold - fuel

        1,747,005