Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 135

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 135
---
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

    $
    61,970

    Earnings per common unit

    Basic
     
    $
    0.52

    $
    1.06

    $
    1.63

    Diluted
     
    $
    0.52

    $
    1.05

    $
    1.63

    Weighted-average common units:

    Basic

    38,027,587

    37,957,727

    37,916,829

    Diluted

    38,172,434

    38,119,461

    38,059,774

    Supplemental information:

    (a) includes excise taxes of:
     
    $
    321,798

    $
    295,762

    $
    270,501

    (a) includes rent income of:

    71,184

    82,331

    84,106

    (b) excludes depreciation, amortization and accretion

    (b) includes rent expense of:

    20,651

    22,338

    23,457

    (c) includes rent expense of:

    17,440

    15,460

    15,254

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

57

CROSSAMERICA PARTNERS LP

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Thousands of Dollars)

    For the Year Ended December 31,

    2024

    2023

    2022

    Cash flows from operating activities:

    Net income
     
    $
    22,