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
SUN$63.21+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES: | ||
| Net income | $230 | $141 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion | 43 | 48 |
| Amortization of deferred financing fees | 9 | 2 |
| Loss on disposal of assets | 2 | 1 |
| Non-cash unit-based compensation expense | 4 | 5 |
| Deferred income tax | 4 | 4 |
| Inventory valuation adjustments | (130) | (29) |
| Equity in earnings of unconsolidated affiliates | (2) | (2) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable, net | (55) | 317 |
| Receivables from affiliates | (6) | (2) |
| Inventories, net | 53 | 82 |
| Other assets | (6) | (13) |
| Accounts payable | 201 | (225) |
| Accounts payable to affiliates | — | 16 |
| Accrued expenses and other current liabilities | (57) | (19) |
| Other non-current liabilities | (4) | — |
| Net cash provided by operating activities | 286 | 326 |
| INVESTING ACTIVITIES: | ||
| Capital expenditures | (41) | (37) |
| Cash paid for acquisition | (185) | — |
| Distributions from unconsolidated affiliates in excess of cumulative earnings | 1 | 3 |
| Proceeds from disposal of property and equipment | 2 | 3 |
| Net cash used in investing activities | (223) | (31) |
| FINANCING ACTIVITIES: | ||
| Credit Facility borrowings | 889 | 759 |
| Credit Facility repayments | (675) | (859) |
| Cash distributions to unitholders, including incentive distributions | (91) | (88) |
| Net cash provided by (used in) financing activities | 123 | (188) |
| Net increase in cash and cash equivalents | 186 | 107 |
| Cash and cash equivalents, beginning of period | 29 | 82 |
| Cash and cash equivalents, end of period | $215 | $189 |
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