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SEC Filings
424B3
SUSSER HOLDINGS CORP filed this Form 424B3 on 09/02/2016
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SELECTED FINANCIAL DATA OF ETP RETAIL HOLDINGS, LLC

The following table presents, as of the dates and for the periods indicated, selected financial data of ETP Retail and its predecessors. The selected financial data for the years ended December 31, 2015, 2014 and 2013 are derived from the audited financial statements of ETP Retail and related notes thereto included elsewhere in this prospectus.

You should read this table in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations for ETP Retail Holdings, LLC,” as well as the historical audited consolidated and combined financial statements of ETP Retail and related notes thereto included elsewhere in this prospectus. Among other things, those historical financial statements include more detailed information regarding the basis of presentation for the information in the following table.

 

     Years Ended December 31,  
($ in millions)    2015      2014      2013  

Revenues:

        

Sales and other operating revenue

   $ 1,960       $ 13,832       $ 14,843   

Sales to affiliates

     424         2,907         3,079   

Other

     10         122         31   
  

 

 

    

 

 

    

 

 

 

Total revenues

     2,394         16,861         17,953   
  

 

 

    

 

 

    

 

 

 

Costs and expenses:

        

Cost of products sold

     1,636         12,222         12,073   

Purchases from affiliates

     685         4,229         5,447   

Operating expenses

     20         164         135   

Selling, general and administrative

     17         47         35   

Depreciation and amortization

     13         74         54   
  

 

 

    

 

 

    

 

 

 

Total costs and expenses

     2,371         16,736         17,744   
  

 

 

    

 

 

    

 

 

 

Operating income

     23         125         209   

Other income (expense):

        

Interest expense

     —           (8      (2

Income (loss) from unconsolidated affiliates

     304         85         (33

Other, net

     1         1         (1
  

 

 

    

 

 

    

 

 

 

Income before income tax expense

     328         203         173   

Income tax expense

     3         53         54   
  

 

 

    

 

 

    

 

 

 

Net income

   $ 325       $ 150       $ 119   
  

 

 

    

 

 

    

 

 

 

The selected financial data of ETP Retail presented above includes certain consolidated subsidiaries for the periods through March 31, 2015. Effective April 1, 2015, ETP Retail no longer has any substantive consolidated operations; rather, all previously consolidated subsidiaries have been deconsolidated, and ETP Retail now accounts for its investments under the equity method.

 

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