Sunoco LP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 7, 2024
SUN$63.21+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES: | ||
| Net income | $733 | $500 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion | 216 | 141 |
| Amortization of deferred financing fees | 20 | 6 |
| (Gain) loss on disposal of assets and impairment charges | 52 | (8) |
| Loss on extinguishment of debt | 2 | — |
| Gain on West Texas Sale | (598) | — |
| Other non-cash, net | 4 | — |
| Non-cash unit-based compensation expense | 12 | 13 |
| Deferred income tax expense (benefit) | (14) | 8 |
| Inventory valuation adjustments | 99 | (113) |
| Equity in earnings of unconsolidated affiliates | (35) | (4) |
| Changes in operating assets and liabilities, net of acquisitions and divestitures: | ||
| Accounts receivable, net | 9 | (255) |
| Receivables from affiliates | 20 | 5 |
| Inventories, net | (100) | 25 |
| Other assets | 19 | 4 |
| Accounts payable | 31 | 64 |
| Accounts payable to affiliates | 52 | 5 |
| Accrued expenses and other current liabilities | (8) | 40 |
| Other non-current liabilities | (88) | (15) |
| Net cash provided by operating activities | 426 | 416 |
| INVESTING ACTIVITIES: | ||
| Capital expenditures | (212) | (132) |
| Cash paid for acquisitions of terminals | (209) | (111) |
| NuStar acquisition, net of cash received | 27 | — |
| Distributions from unconsolidated affiliates in excess of cumulative earnings | 6 | 7 |
| Proceeds from West Texas Sale | 990 | — |
| Proceeds from disposal of property and equipment | 7 | 25 |
| Other | — | (2) |
| Net cash provided by (used in) investing activities | 609 | (213) |
| FINANCING ACTIVITIES: | ||
| Senior notes borrowings | 1,500 | 500 |
| Senior notes repayments | (415) | — |
| Credit Facility borrowings | 1,870 | 2,625 |
| Credit Facility repayments | (2,686) | (2,878) |
| Loan origination costs | (19) | (5) |
| Preferred units redemption | (784) | — |
| Cash distributions to unitholders, including incentive distributions | (406) | (271) |
| Cash distributions to noncontrolling interests | (8) | — |
| Net cash used in financing activities | (948) | (29) |
| Net increase in cash and cash equivalents | 87 | 174 |
| Cash and cash equivalents, beginning of period | 29 | 82 |
| Cash and cash equivalents, end of period | $116 | $256 |
| Non-cash investing and financing activities and supplemental cash flow information: | ||
| Units issued in connection with NuStar acquisition | $2,850 | $— |
| Contribution of assets to the Permian joint venture | 1,246 | — |
| Lease assets obtained in exchange for new lease liabilities | 3 | 1 |
| Change in note payable to affiliate | — | 2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.