Sunoco LP
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
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10. Revenue
- Revenue
Disaggregation of Revenue
We operate our business in two primary segments: Fuel Distribution and Marketing and All Other. We disaggregate revenue within the segments by channels.
The following table depicts the disaggregation of revenue by channel within each segment:
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Fuel Distribution and Marketing Segment | ||
| Distributor | $2,074 | $2,303 |
| Dealer | 881 | 919 |
| Unbranded wholesale | 1,984 | 1,540 |
| Commission agent | 295 | 341 |
| Non-motor fuel sales | 40 | 29 |
| Lease income | 35 | 34 |
| Total | 5,309 | 5,166 |
| All Other Segment | ||
| Motor fuel | 132 | 136 |
| Non-motor fuel sales | 55 | 57 |
| Lease income | 3 | 3 |
| Total | 190 | 196 |
| Total revenue | $5,499 | $5,362 |
Contract Balances with Customers
The balances of the Partnership’s contract assets and contract liabilities as of March 31, 2024 and December 31, 2023 were as follows:
| March 31,2024 | December 31, 2023 | |
|---|---|---|
| Contract assets | $264 | $256 |
| Accounts receivable from contracts with customers | 794 | 809 |
| Contract liabilities | — | — |
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $8 million and $6 million for the three months ended March 31, 2024 and 2023, respectively.
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