← ARKO Petroleum Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $24.7m |
$8.0m
-67.38%
|
$19.6m
+143.88%
|
$15.4m
-21.62%
|
$5.9m
-61.39%
|
($16.4m)
-376.87%
|
$32.6m
+298.49%
|
$35.2m
+7.93%
|
$4.1m
-88.41%
|
$1.5m
-63.90%
|
|
| Net loss on derivative contracts | ($3.4m) | ($30k) | $0 | $0 | $1.4m | $615k | — | — | — | — | |
| Depletion, depreciation, and accretion | — | — | — | — | — | $5.2m | $8.1m | $14.3m | $20.1m | $22.0m | |
| Depreciation, depletion, and amortization | $5.2m | $5.8m | $6.2m | $6.3m | $5.8m | $5.2m | — | — | — | — | |
| Deferred income taxes | $575k | $4.1m | ($5.3m) | $767k | ($262k) | ($5.1m) | $1.1m | ($296k) | ($101k) | ($468k) | |
| Stock-based compensation | $1.8m | $1.2m | $1.4m | $888k | $1.3m | $1.3m | $125k | $1.6m | $2.1m | $2.5m | |
| Tax benefits related to stock-based compensation | $9.7m | $0 | $0 | — | — | — | — | — | — | — | |
| Stock-based compensation related to restructuring | $59k | — | — | — | — | — | — | — | — | — | |
| Impairment of proved property | — | — | — | — | $0 | $24.8m | $0 | — | — | — | |
| Impairment of Well Lift Inc. - related assets | — | — | — | — | $0 | $146k | — | — | — | — | |
| Impairments included in restructuring charge | $569k | $0 | $0 | — | — | — | — | — | — | — | |
| Receivables from crude oil, natural gas, and natural gas liquids revenues | $484k | ($89k) | ($1.2m) | $774k | ($2.0m) | ($6.6m) | ($11.4m) | $18.4m | ($2.9m) | $75k | |
| Accounts payable and accrued liabilities and other | — | — | — | — | — | — | — | ($13.5m) | $374k | $4.8m | |
| Accounts payable and accrued expenses | $823k | ($1.6m) | ($107k) | ($91k) | ($486k) | $4.5m | $18.5m | ($13.5m) | — | — | |
| Accrued settlements on derivative contracts | — | — | — | — | — | ($2.8m) | $919k | ($919k) | $67k | ($251k) | |
| Increase (decrease) in accrued capital expenditures for oil and natural gas properties | — | — | — | — | — | ($80k) | $1.1m | $766k | ($2.0m) | ($79k) | |
| Accrued debt issuance costs | — | — | — | — | — | — | — | — | — | $275k | |
| Accrued offering costs | — | — | — | — | — | — | — | — | — | $10k | |
| Other | $33 | $32 | $0 | $15k | $40k | $10k | ($10k) | ($4k) | — | ($8k) | |
| Prepaid expenses and other current assets | $25k | ($136k) | ($137k) | $66k | ($33k) | ($546k) | ($538k) | ($692k) | ($1.6m) | $2.9m | |
| Other assets | ($161k) | $0 | ($19k) | $0 | — | — | — | — | — | — | |
| Cash flows from investing activities: | |||||||||||
| Capital expenditures for oil and natural gas properties | — | — | — | — | — | ($472k) | ($1.5m) | ($7.0m) | ($10.9m) | ($12.6m) | |
| Oil and natural gas property costs attributable to the recognition of asset retirement obligations | — | — | — | — | — | $2.9m | $7.8m | $2.0m | $887k | $800k | |
| Capital expenditures for other property and equipment | ($7k) | ($32k) | ($8k) | ($12k) | $0 | — | — | — | — | — | |
| Acquisitions of oil and natural gas properties | $0 | — | — | — | — | — | — | — | — | — | |
| Net cash used by investing activities | ($17.6m) | ($10.5m) | ($3.7m) | ($6.8m) | ($11.1m) | ($18.8m) | — | — | — | — | |
| Cash flows from financing activities: | |||||||||||
| Borrowings under senior secured credit facility | — | — | — | — | $0 | $7.0m | $34.0m | — | $42.5m | $2.0m | |
| Debt issuance costs | ($169k) | $0 | $0 | — | — | — | — | — | — | ($90k) | |
| Common stock dividends paid | ($7) | ($8) | ($12) | ($13) | ($11) | ($4) | ($12) | ($16) | ($16) | ($16) | |
| Common stock repurchases, including stock surrendered for tax withholding | ($1.4m) | ($460k) | ($571k) | ($157k) | ($2.5m) | ($7k) | ($38k) | ($4.2m) | ($1.1m) | ($442k) | |
| Issuance of common stock | — | — | — | — | — | — | — | — | — | $3.8m | |
| Preferred stock dividends paid | ($674k) | ($251k) | $0 | — | — | — | — | — | — | — | |
| Net cash provided (used) by financing activities | $935k |
($17.1m)
-1925.54%
|
($12.2m)
+28.76%
|
— | — | — | — | — | — | — | |
| Net increase (decrease) in cash and cash equivalents | $14.0m | ($11.0m) | $4.7m | $3.9m | ($11.9m) | ($14.4m) | $3.0m | $2.8m | ($4.6m) | ($3.9m) | |
| Cash and cash equivalents, beginning of period | $20.1m | $34.1m | $23.0m | $27.7m | $31.6m | $19.7m | $5.3m | $8.3m | $11.0m | $6.4m | |
| Restricted cash included in current assets | — | — | $2.8m | $0 | — | — | — | — | — | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Settlement of asset retirement obligations | $0 | ($158k) | $0 | $0 | ($77k) | ($101k) | — | ($174k) | ($20k) | ($385k) | |
| Unrealized (gain) loss on derivative contracts | — | — | — | — | — | $615k | $2.0m | ($2.0m) | $893k | $492k | |
| State and federal taxes payable | $432k | ($622k) | $123k | $8k | $48k | ($141k) | $1.1m | ($730k) | ($291k) | ($74k) | |
| Acquisition of oil and natural gas properties | — | — | — | $0 | ($9.3m) | ($18.3m) | ($53.3m) | ($31k) | ($38.7m) | ($9.0m) | |
| Repayments of senior secured credit facility | — | — | — | — | $0 | ($3.0m) | ($16.8m) | ($21.2m) | ($3.0m) | ($4.0m) | |
| Offering costs | — | — | — | — | — | — | — | — | — | ($310k) | |
| Cash paid for interest on senior secured credit facility | — | — | — | — | — | $86k | $523k | $498k | $1.3m | $3.1m | |
| Cash paid for income taxes | — | — | — | — | — | $758k | $6.3m | $11.9m | $2.8m | $874k | |
| Cash refunded from income taxes | — | — | — | — | — | $142k | $3.2m | — | — | $1.0m | |
| Payments received (paid) for derivative settlements | — | — | — | $0 | $793k | ($2.8m) | — | — | — | — | |
| Development of oil and natural gas properties | ($21.1m) | ($10.2m) | ($3.7m) | ($6.7m) | ($1.7m) | ($472k) | — | — | — | — | |
| Cash and cash equivalents | $20.1m | $34.1m | $24.9m | $31.6m | — | — | — | — | — | — | |
| Accretion of discount on asset retirement obligations | $49k | $60k | $90k | — | — | — | — | — | — | — | |
| Noncash gain on Delhi field litigation settlement | ($596k) | $0 | $0 | — | — | — | — | — | — | — | |
| Write-off of deferred loan costs | $50k | $0 | $0 | — | — | — | — | — | — | — | |
| Derivative settlements received (paid) | $3.6m | ($272k) | $0 | — | — | — | — | — | — | — | |
| Proceeds from the exercise of stock options | $51k | $0 | $0 | — | — | — | — | — | — | — | |
| Redemption of preferred shares | $0 | ($7.9m) | $0 | — | — | — | — | — | — | — | |
| Deferred rent | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from asset sales | $0 | $0 | — | — | — | — | — | — | — | — | |
| Common share repurchases, including shares surrendered for tax withholding | ($1.4m) | ($460k) | — | — | — | — | — | — | — | — | |
| Maturities of certificates of deposit | $0 | — | — | — | — | — | — | — | — | — |