Disclosure by reportable segment and reconciliation of total operating segment information |
The following table presents certain data by reportable segment and provides a reconciliation of total operating segment information to the corresponding consolidated amounts for the periods presented:
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Year Ended |
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September 28, |
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September 30, |
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September 24, |
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2024 |
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2023 |
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2022 |
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Revenues: |
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Propane |
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$ |
1,150,034 |
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$ |
1,232,138 |
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|
$ |
1,313,556 |
|
Fuel oil and refined fuels |
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|
73,783 |
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|
92,127 |
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|
95,157 |
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Natural gas and electricity |
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|
25,877 |
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|
|
31,160 |
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|
39,511 |
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All other |
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|
77,478 |
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|
73,769 |
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|
53,241 |
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Total revenues |
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$ |
1,327,172 |
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$ |
1,429,194 |
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$ |
1,501,465 |
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Operating income (loss): |
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Propane |
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$ |
316,209 |
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$ |
351,162 |
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|
$ |
337,377 |
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Fuel oil and refined fuels |
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|
6,202 |
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|
5,932 |
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|
6,711 |
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Natural gas and electricity |
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|
7,159 |
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|
6,046 |
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|
6,598 |
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All other |
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(30,828 |
) |
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(32,866 |
) |
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(21,982 |
) |
Corporate |
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|
(127,492 |
) |
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|
(123,425 |
) |
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|
(122,377 |
) |
Total operating income |
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|
171,250 |
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|
|
206,849 |
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|
206,327 |
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Reconciliation to net income: |
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Loss on debt extinguishment |
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|
215 |
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— |
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— |
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Interest expense, net |
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74,590 |
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|
73,393 |
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|
60,658 |
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Other, net |
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|
21,537 |
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|
9,036 |
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|
5,532 |
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Provision for income taxes |
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|
734 |
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|
668 |
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|
|
429 |
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Net income |
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$ |
74,174 |
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$ |
123,752 |
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$ |
139,708 |
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Depreciation and amortization: |
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Propane |
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$ |
48,232 |
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$ |
47,392 |
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$ |
50,053 |
|
Fuel oil and refined fuels |
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|
1,289 |
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|
1,674 |
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|
1,693 |
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Natural gas and electricity |
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— |
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|
3 |
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|
21 |
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All other |
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10,883 |
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|
7,978 |
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|
179 |
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Corporate |
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|
6,571 |
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|
5,535 |
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|
6,902 |
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Total depreciation and amortization |
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$ |
66,975 |
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$ |
62,582 |
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$ |
58,848 |
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As of |
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September 28, |
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September 30, |
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|
2024 |
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|
2023 |
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Assets: |
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Propane |
|
$ |
1,912,465 |
|
|
$ |
1,924,304 |
|
Fuel oil and refined fuels |
|
|
43,579 |
|
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|
46,341 |
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Natural gas and electricity |
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|
10,248 |
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|
11,255 |
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All other |
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|
250,445 |
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|
239,691 |
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Corporate |
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|
56,024 |
|
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|
48,884 |
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Total assets |
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$ |
2,272,761 |
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$ |
2,270,475 |
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