XML 49 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The following table reflects activity related to our reportable segments (in thousands):

 

 

 

Wholesale

 

 

Retail

 

 

Unallocated

 

 

Consolidated

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

329,913

 

 

$

99,600

 

 

$

—

 

 

$

429,513

 

Intersegment revenues from fuel sales

 

 

75,881

 

 

 

—

 

 

 

(75,881

)

 

 

—

 

Revenues from food and merchandise sales

 

 

—

 

 

 

20,016

 

 

 

—

 

 

 

20,016

 

Rent income

 

 

19,636

 

 

 

2,002

 

 

 

—

 

 

 

21,638

 

Other revenue

 

 

619

 

 

 

—

 

 

 

—

 

 

 

619

 

Total revenues

 

$

426,049

 

 

$

121,618

 

 

$

(75,881

)

 

$

471,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from CST Fuel Supply equity interests

 

$

3,426

 

 

$

—

 

 

$

—

 

 

$

3,426

 

Operating income (loss)(a)

 

$

24,288

 

 

$

608

 

 

$

(17,284

)

 

$

7,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

382,000

 

 

$

127,317

 

 

$

—

 

 

$

509,317

 

Intersegment revenues from fuel sales

 

 

98,393

 

 

 

—

 

 

 

(98,393

)

 

 

—

 

Revenues from food and merchandise sales

 

 

—

 

 

 

22,586

 

 

 

—

 

 

 

22,586

 

Rent income

 

 

19,755

 

 

 

1,966

 

 

 

—

 

 

 

21,721

 

Other revenue

 

 

946

 

 

 

—

 

 

 

—

 

 

 

946

 

Total revenues

 

$

501,094

 

 

$

151,869

 

 

$

(98,393

)

 

$

554,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from CST Fuel Supply equity interests

 

$

3,805

 

 

$

—

 

 

$

—

 

 

$

3,805

 

Operating income (loss)(a)

 

$

26,163

 

 

$

1,349

 

 

$

(20,088

)

 

$

7,424

 

 

(a)

As discussed in Note 1, as a result of the adoption of ASC 842, operating income for the three months ended March 31, 2019 is not comparable to operating income for the three months ended March 31, 2018. Most significantly, payments on our previous failed sale-leaseback obligations were characterized as principal and interest expense in periods prior to 2019. Starting in 2019, these payments are characterized as rent expense and thus reduce operating income. These payments for the three months ended March 31, 2018 amounted to approximately $1.7 million and $0.1 million for the Wholesale and Retail segments, respectively.
Summary of Receivables Relating to Revenue Streams

Receivables relating to the revenue streams above are as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Receivables from fuel and merchandise sales

 

$

26,328

 

 

$

19,247

 

Receivables for rent and other lease-related charges

 

 

5,596

 

 

 

6,610

 

Total accounts receivable

 

$

31,924

 

 

$

25,857