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SEC Filings
S-4
SUSSER HOLDINGS CORP filed this Form S-4 on 07/22/2016
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Table of Contents
Index to Financial Statements

ETP RETAIL HOLDINGS, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in millions)

(unaudited)

 

     Three Months Ended March 31,  
         2016             2015      

Cash flows from operating activities:

    

Net income

   $ 21      $ 35   

Reconciliation of net income to net cash provided by (used in) operating activities:

    

Depreciation and amortization

     —          13   

Deferred income taxes

     —          —     

Inventory valuation adjustments

     —          (3

Income from unconsolidated affiliates

     (21     (14

Distributions from unconsolidated affiliates

     4        (2

Net change in operating assets and liabilities:

    

Accounts receivable, net

     —          21   

Accounts receivable, affiliated companies

     —          (14

Inventories

     —          73   

Accounts payable

     —          (99

Accounts payable, affiliated companies

     —          51   

Accrued and other current liabilities

     —          (28

Other operating

     —          (14
  

 

 

   

 

 

 

Net cash provided by operating activities

     4        19   
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Capital expenditures

     —          (16

Sunoco Retail Transaction

     2,200        —     

Note Receivable affiliate

     (2,200     —     

Purchase of intangibles

     —          (28

Distributions from unconsolidated affiliates in excess of cumulative earnings

     —          (2

Proceeds from dispositions

     —          2   
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

     —          (44
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Advances (to) from affiliates—Sunoco, Inc.

     (4     204   

Distributions to ETP

     —          (179
  

 

 

   

 

 

 

Net cash provided by (used in) used in financing activities

     (4     25   
  

 

 

   

 

 

 

Change in cash and cash equivalents

     —          —     

Cash and cash equivalents, beginning of period

     —          —     
  

 

 

   

 

 

 

Cash and cash equivalents, end of period

   $ —        $ —     
  

 

 

   

 

 

 

Non-Cash Financing Activities:

    

Non-cash distribution to members

   $ 47      $ —     
  

 

 

   

 

 

 

Non-cash distribution to non-controlling interest

   $ 19     
  

 

 

   

 

 

 

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

 

F-6

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