← GLOBAL PARTNERS LP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($238.6m) |
$58.8m
+124.62%
|
$103.9m
+76.85%
|
$35.9m
-65.48%
|
$102.2m
+184.97%
|
$60.8m
-40.52%
|
$362.2m
+495.77%
|
$152.5m
-57.90%
|
$110.3m
-27.66%
|
$98.0m
-11.19%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($1.6m) | ($1.5m) | ($689k) | ($528k) | — | — | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($238.6m) | $57.1m | $102.4m | $35.2m | $101.7m | $60.8m | $362.2m | $152.5m | $110.3m | $98.0m | — | |
| Amortization of Debt Issuance Costs | $6.0m | $5.6m | $5.4m | $5.0m | $5.2m | $5.0m | $5.4m | $5.7m | $7.4m | $7.5m | — | |
| Amortization of Intangible Assets | $9.4m | $9.2m | $11.0m | $11.4m | $10.8m | $10.7m | $8.9m | $8.1m | $8.3m | $5.3m | — | |
| Amortization of deferred financing fees | $6.0m | $5.6m | $5.4m | $5.0m | $5.2m | $5.0m | $5.4m | $5.7m | $7.4m | $7.5m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $104.8m | $110.1m | $139.7m | $142.6m | $142.8m | |
| Depreciation And Amortization | $111.9m | $105.7m | $106.8m | $108.2m | $100.1m | $102.2m | $104.8m | $110.1m | $139.7m | $142.6m | $142.8m | |
| Deferred Income Tax | $18.8m | $25.9m | $2.8m | $23k | $13.3m | $599k | $9.6m | $2.5m | ($5.4m) | $986k | $986k | |
| Deferred Tax | — | — | — | — | — | — | $9.6m | $2.5m | ($5.4m) | $986k | $986k | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $522k | $835k | $657k | $277k | $2.2m | $1.6m | $469k | $1.8m | $13.4m | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.1m | $2.8m | $2.7m | $2.0m | $1.1m | $707k | $2.7m | $10.6m | $15.5m | $13.4m | $19.8m | |
| Asset Impairment Charge | — | — | — | — | — | — | $131k | $1.3m | $1.9m | $1.5m | $1.5m | |
| Goodwill, Impairment Loss | $121.8m | — | — | — | — | — | — | — | — | — | $1.5m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Long-lived asset impairment | $150.0m | $809k | $414k | $2.0m | $1.9m | $380k | $0 | $0 | $492k | $231k | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $1.9m | — | — | — | — | — | — | |
| Dividends received of equity method investments | — | — | — | — | — | — | — | $2 | $19 | $13 | — | |
| Dividends received on equity method investments | — | — | — | — | — | — | — | $1 | $0 | $0 | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $0 | ($2.5m) | $1.5m | ($4.5m) | ($4.8m) | |
| Equity method investments | — | — | — | — | — | — | — | ($95.3m) | ($19.1m) | ($29.5m) | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $2.5m | ($1.5m) | $4.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $75.0m | $233.5m | ($230.1m) | $25.3m | ($35.5m) | |
| Accounts receivable | ($110.2m) | $3.9m | $81.9m | ($79.0m) | $185.2m | ($183.8m) | ($67.8m) | ($73.8m) | $79.2m | ($58.8m) | ($140.3m) | |
| Accounts receivable-affiliate | ($565k) | ($630k) | ($1.7m) | ($2.4m) | $5.4m | $1.3m | ($1.2m) | ($5.8m) | $1.9m | $3.6m | ($140.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($69.0m) | ($79.5m) | $81.1m | ($55.2m) | ($140.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($69.0m) | ($79.5m) | $81.1m | ($55.2m) | ($140.3m) | |
| Increase (Decrease) in Accounts Receivable | $110.2m | ($3.9m) | ($81.9m) | $79.0m | ($185.2m) | $183.8m | $67.8m | $73.8m | ($79.2m) | $58.8m | ($140.3m) | |
| Change In Inventory | — | — | — | — | — | — | ($52.1m) | $172.1m | ($200.4m) | $44.4m | ($82.7m) | |
| Increase (Decrease) in Inventories | $135.9m | ($173.2m) | $29.8m | $64.8m | ($65.6m) | $123.9m | $52.1m | ($172.1m) | $200.4m | ($44.4m) | ($82.7m) | |
| Inventories | ($135.9m) | $173.2m | ($29.8m) | ($64.8m) | $65.6m | ($123.9m) | ($52.1m) | $172.1m | ($200.4m) | $44.4m | ($82.7m) | |
| Accounts payable | $17.4m | ($6.8m) | ($4.4m) | $64.4m | ($165.5m) | $145.4m | $177.6m | $117.8m | ($138.7m) | $63.2m | $124.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $194.0m | $160.0m | ($106.3m) | $51.1m | $124.0m | |
| Accrued expenses, all other current liabilities and other long-term liabilities | $16.7m | $15.8m | $14.5m | ($13.3m) | $31.3m | ($3.1m) | $17.6m | $17.8m | $33.0m | ($29.2m) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $17.6m | $17.8m | $33.0m | ($29.2m) | $22.2m | |
| Gain (Loss) on Disposition of Other Assets | ($164k) | ($139k) | ($498k) | ($137k) | ($610k) | ($196k) | $95k | $149k | $88k | $995k | — | |
| Prepaid expenses, all other current assets and other assets | $3.0m | ($13.7m) | ($15.9m) | $14.4m | ($35.5m) | $24.6m | $14.0m | ($19.2m) | ($2.2m) | ($12.4m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($119.9m) |
$348.4m
+390.64%
|
$168.9m
-51.54%
|
$94.4m
-44.09%
|
$312.5m
+231.06%
|
$50.2m
-83.93%
|
$480.0m
+855.82%
|
$512.4m
+6.76%
|
$31.6m
-93.83%
|
$284.8m
+801.28%
|
$324.8m
+14.04%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($106.8m) | ($402.0m) | ($318.4m) | ($91.5m) | ($125.4m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($106.8m) | ($88.8m) | ($103.3m) | ($91.5m) | ($125.4m) | |
| Capital expenditures | ($71.3m) | ($49.9m) | ($69.2m) | ($82.9m) | ($76.3m) | ($101.7m) | ($106.8m) | ($88.8m) | ($103.3m) | ($91.5m) | ($125.4m) | |
| Proceeds from sale of property and equipment, net | $77.7m | $32.8m | $18.4m | $17.1m | $8.2m | $6.4m | $128.5m | $12.9m | $48.6m | $6.6m | — | |
| Acquisitions of terminals | — | — | — | — | — | — | — | ($313.2m) | ($215.1m) | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $38.5m | $171.6m | — | — | $18.0m | $256.2m | $1.5m | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.7m) | ($8.5m) | ($7.0m) | $938k | $4.0m | |
| Net Cash Provided by (Used in) Investing Activities | $6.4m | ($61.6m) | ($225.7m) | ($67.2m) | ($69.7m) | ($115.0m) | ($236.2m) | ($492.4m) | ($276.9m) | ($101.0m) | ($115.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Bad debt expense | $231k | $211k | $588k | $560k | $710k | ($51k) | $131k | $855k | ($20k) | $1.2m | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($13.1m) | ($7.2m) | — | — | — | — | ($3.0m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $55.6m | $281.0m | $654.0m | $441.2m | ($184k) | |
| Long Term Debt Issuance | — | — | — | — | — | — | $55.6m | $281.0m | $654.0m | $441.2m | ($184k) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($201.3m) | ($136.6m) | ($213.0m) | ($466.9m) | ($48.3m) | |
| Loss on early extinguishment of debt | — | — | — | $13.1m | $7.2m | — | — | — | — | $3.0m | — | |
| Net (payments on) borrowings from revolving credit facility | ($52.3m) | ($218.6m) | $50.6m | $43.3m | ($210.2m) | $91.7m | ($145.7m) | $144.4m | ($300k) | ($66.9m) | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($145.7m) | $144.4m | $441.0m | ($25.7m) | ($48.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($145.7m) | $144.4m | $441.0m | ($25.7m) | ($48.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $91.7m | ($145.7m) | — | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($201.3m) | ($136.6m) | ($213.0m) | ($466.9m) | ($48.3m) | |
| Short Term Debt Issuance | — | — | — | — | — | $170.3m | $55.6m | — | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($78.6m) | ($201.3m) | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $72.2m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($4.5m) | ($4.0m) | ($85.0m) | ($23.4m) | ($20.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $72.2m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($4.5m) | ($4.0m) | ($85.0m) | ($23.4m) | ($20.1m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $291k | $3.8m | $2.9m | $3.5m | $14.2m | $10.0m | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($4.5m) | ($4.0m) | ($85.0m) | ($23.4m) | ($20.1m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($100.5m) | ($144.7m) | ($121.6m) | ($126.6m) | ($129.4m) | |
| Dividend Received CFO | — | — | — | — | — | — | $0 | $1.4m | $204k | $477k | $964k | |
| Dividends Received CFI | — | — | — | — | — | — | $0 | $2.1m | $19.1m | $12.5m | $13.5m | |
| Net Other Financing Charges | — | — | — | — | — | — | — | ($149k) | ($566k) | ($4.0m) | ($3.3m) | |
| Net cash (used in) provided by financing activities | $122.4m |
($282.0m)
-330.46%
|
$50.1m
+117.78%
|
($23.3m)
-146.42%
|
($245.1m)
-953.54%
|
$66.0m
+126.91%
|
($250.6m)
-479.91%
|
($4.5m)
+98.22%
|
$233.8m
+5344.16%
|
($179.8m)
-176.89%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $122.4m |
($282.0m)
-330.46%
|
$50.1m
+117.78%
|
($23.3m)
-146.42%
|
($245.1m)
-953.54%
|
$66.0m
+126.91%
|
($250.6m)
-479.91%
|
($4.5m)
+98.22%
|
$233.8m
+5344.16%
|
($179.8m)
-176.89%
|
($201.2m)
-11.89%
|
|
| Increase (decrease) in cash and cash equivalents | $8.9m | $4.8m | ($6.7m) | $3.9m | ($2.3m) | $1.1m | ($6.8m) | $15.6m | ($11.4m) | $4.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $8.9m | $4.8m | ($6.7m) | $3.9m | ($2.3m) | $1.1m | ($6.8m) | $15.6m | ($11.4m) | $4.0m | $23.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $10.8m | $4.0m | $19.6m | $8.2m | $16.1m | |
| Cash and cash equivalents at beginning of period | $1.1m | $10.0m | $8.1m | $12.0m | $9.7m | $10.8m | $4.0m | $19.6m | $8.2m | $12.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $8.1m | $12.0m | $9.7m | $10.8m | $4.0m | $19.6m | $8.2m | $12.2m | $23.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Acquisition | — | ($38.5m) | ($171.6m) | — | — | ($18.0m) | ($256.2m) | ($1.5m) | — | — | $0 | |
| Additional Financial Items | ||||||||||||
| Broker margin deposits | $3.7m | $18.0m | ($5.1m) | ($19.7m) | $12.8m | ($12.0m) | $10.2m | $10.7m | ($7.4m) | $2.3m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($250.6m) | ($4.5m) | $233.8m | ($179.8m) | ($201.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($236.2m) | ($492.4m) | ($276.9m) | ($101.0m) | ($115.8m) | |
| Change In Account Payable | — | — | — | — | — | — | $177.6m | $117.8m | ($138.7m) | $63.2m | $124.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($6.8m) | $15.6m | ($11.4m) | $4.0m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($1.3m) | $24.4m | ($645k) | $17.0m | ($4.7m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($11.9m) | $151k | ($2.3m) | ($2.6m) | $42.7m | |
| Change In Payable | — | — | — | — | — | — | $176.4m | $142.2m | ($139.4m) | $80.3m | $124.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $14.0m | ($19.2m) | ($2.2m) | ($12.4m) | $3.3m | |
| Change In Tax Payable | — | — | — | — | — | — | ($1.3m) | $24.4m | ($645k) | $17.0m | ($4.7m) | |
| Change in derivatives | $40.2m | $2.3m | ($31.8m) | $30.0m | ($12.6m) | $24.5m | ($22.2m) | ($10.5m) | $5.1m | ($4.9m) | — | |
| Changes In Cash | — | — | — | — | — | — | ($6.8m) | $15.6m | ($11.4m) | $4.0m | $7.8m | |
| Distribution equivalent rights | — | — | — | — | — | — | — | ($149k) | ($566k) | ($4.0m) | — | |
| Distributions to limited partners and general partner | ($62.5m) | ($62.7m) | ($66.0m) | ($76.6m) | ($71.4m) | ($91.9m) | ($100.5m) | ($144.7m) | ($121.6m) | ($126.6m) | — | |
| End Cash Position | — | — | — | — | — | — | $4.0m | $19.6m | $8.2m | $12.2m | $23.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($250.6m) |
($4.5m)
+98.22%
|
$233.8m
+5344.16%
|
($179.8m)
-176.89%
|
($201.2m)
-11.89%
|
|
| Foreign Currency Transaction Gain (Loss), Realized | — | $0 | — | — | — | — | — | — | — | — | — | |
| Free Cash Flow | — | — | — | — | — | — | $373.2m | $110.4m | ($286.8m) | $193.3m | $199.4m | |
| Gain (Loss) on Disposition of Assets | ($20.5m) | $1.6m | ($5.9m) | ($2.7m) | $275k | ($506k) | ($79.9m) | ($2.6m) | ($9.5m) | ($3.3m) | — | |
| Gain (Loss) on Termination of Lease | — | — | $3.5m | $493k | — | — | — | — | — | — | — | |
| Goodwill | $294.8m | $312.4m | $327.4m | $324.5m | $323.6m | $328.1m | $427.8m | $429.2m | $421.9m | $421.9m | $1.5m | |
| Income Tax Expense (Benefit) | $53k | ($23.6m) | $5.6m | $1.1m | ($119k) | $1.3m | $16.8m | $8.1m | $4.6m | $1.1m | — | |
| Income Taxes Paid, Net | $17.0m | $7.4m | $653k | ($5.2m) | ($1.5m) | ($14.8m) | $8.1m | $2.9m | $9.3m | $5.7m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $64.1m | $62.5m | $55.4m | $67.4m | $58.6m | $54.7m | $60.9m | $65.3m | $94.7m | $128.9m | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($236.2m) | ($492.4m) | ($276.9m) | ($101.0m) | ($115.8m) | |
| LTIP units withheld for tax obligations | — | ($522k) | ($835k) | ($657k) | ($277k) | ($2.2m) | ($1.6m) | ($469k) | ($1.8m) | ($13.4m) | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($256.2m) | ($96.8m) | ($19.1m) | ($29.5m) | ($16.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $128.5m | ($300.3m) | ($166.5m) | $6.6m | $8.4m | |
| Net gain on sale and disposition of assets | — | ($1.6m) | $5.9m | ($2.7m) | $275k | ($506k) | ($79.9m) | ($2.6m) | ($9.5m) | ($3.3m) | — | |
| Operating Costs and Expenses | $288.5m | $283.6m | $321.1m | $342.4m | $323.3m | $353.6m | $445.3m | $450.6m | $515.3m | $519.5m | — | |
| Operating Expenses | $698.7m | $463.3m | $453.2m | $523.5m | $528.9m | $577.0m | $637.4m | $729.9m | $806.7m | $827.4m | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($79.9m) | ($5.1m) | ($8.0m) | ($4.9m) | ($8.7m) | |
| Operating Lease, Lease Income | — | — | — | $74.2m | $73.3m | $77.4m | $81.9m | $83.5m | $86.9m | $89.3m | — | |
| Other Non Cash Items | — | — | — | — | — | — | $5.4m | $5.7m | $7.4m | $7.5m | — | |
| Proceeds from Noncontrolling Interests | — | $279k | — | — | $400k | — | — | — | — | — | — | |
| Proceeds from senior notes, net | — | — | — | $392.6m | $344.8m | — | — | — | $441.3m | $441.2m | — | |
| Purchase Of Business | — | — | — | — | — | — | ($256.2m) | ($1.5m) | $0 | $0 | $0 | |
| Purchase Of PPE | $71.3m | $49.9m | $69.2m | $82.9m | $76.3m | $101.7m | $0 | ($313.2m) | ($215.1m) | $0 | ($125.4m) | |
| Repayment of senior notes | — | — | — | ($381.9m) | ($306.5m) | — | — | — | — | ($400.0m) | — | |
| Repurchase of common units | — | — | — | — | ($291k) | ($3.8m) | ($2.9m) | ($3.5m) | ($14.2m) | ($10.0m) | — | |
| Sale Of PPE | — | — | — | — | — | — | $128.5m | $12.9m | $48.6m | $6.6m | $8.4m | |
| Seller note issuances, net | — | ($6.1m) | ($3.3m) | ($1.4m) | ($1.6m) | ($1.7m) | ($1.7m) | ($8.5m) | ($7.0m) | $938k | — | |
| Stock Based Compensation | — | — | — | — | — | — | $2.7m | $10.6m | $15.5m | $13.4m | $19.8m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Trustee taxes payable | $5.9m | $9.2m | ($15.1m) | $319k | ($6.3m) | $7.6m | ($1.3m) | $24.4m | ($645k) | $17.0m | — | |
| Unit-based compensation expense | $4.1m | $2.8m | $2.7m | $2.0m | $1.1m | $707k | $2.7m | $10.6m | $15.5m | $13.4m | — | |
| Write-off of financing fees | $1.8m | $573k | — | $188k | $667k | $365k | — | $482k | $1.4m | — | — |