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SEC Filings
S-4/A
SUSSER HOLDINGS CORP filed this Form S-4/A on 08/16/2016
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Table of Contents
Index to Financial Statements

PHILADELPHIA ENERGY SOLUTIONS LLC

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(in thousands)

 

     Years ended December 31,  
     2015     2014     2013  

Net sales

   $ 8,626,170      $ 13,319,045      $ 13,627,620   

Operating costs and expenses:

      

Cost of sales

     7,782,084        12,461,703        13,185,363   

Operating expenses

     522,600        502,205        422,506   

Impairment of inventory

     7,891        49,290        —     

General and administrative expenses

     93,534        81,068        72,245   

Depreciation and amortization

     55,444        37,646        23,201   
  

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     8,461,553        13,131,912        13,703,315   
  

 

 

   

 

 

   

 

 

 

Operating income (loss)

     164,617        187,133        (75,695

Interest expense, net

     (50,389     (46,822     (30,975

Other income

     228        1,565        3,631   
  

 

 

   

 

 

   

 

 

 

Income (loss) before income tax expense

     114,456        141,876        (103,039

Income tax benefit (expense)

     (925     1,752        100   
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ 113,531      $ 143,628      $ (102,939
  

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss):

      

Unrealized gain (loss) on derivatives

     (2,426     (3,215     719   
  

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     (2,426     (3,215     719   
  

 

 

   

 

 

   

 

 

 

Comprehensive income (loss)

   $ 111,105      $ 140,413      $ (102,220
  

 

 

   

 

 

   

 

 

 

See accompanying notes to consolidated financial statements.

 

F-22

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