What does wholesale — adjusted EBITDA mean?

This is a non-GAAP measure representing the wholesale segment's earnings before interest, taxes, depreciation, and amortization, further adjusted for non-recurring or non-cash items. It is the primary metric used by management and investors to evaluate the core operating profitability of the wholesale business. It strips away accounting noise to show cash-generating capability.

Sunoco SUN Wholesale — Adjusted EBITDA

Discontinued — last reported Q4 '16

Similar metrics at other companies

CLFOther Businesses — Adjusted EBITDA

$15M+50.0%

FHNWholesale — Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

$34M+9.7%

JLLAdjusted EBITDA

$273.6M+21.7%

WU.S. — Adjusted EBITDA

$161M+69.5%

ESIElectronics — Adjusted EBITDA

$119.1M+34.0%

FHNWholesale — Net Income

$26M+13.0%

Other financials

Income statement

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Revenue$10.7B+106%

Gross profit$1.7B+159%

Operating income$866.0M+193%

Net income$644.0M+211%

EPS (diluted)$2.85+136%

Balance sheet

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Cash & equivalents$718.0M+317%

Total debt$16.0B+91.4%

Total assets$30.3B+111%

Cash flow

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Operating cash flow$454.0M+191%

CapEx$199.0M+97.0%

Free cash flow$255.0M+364%

Valuation

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Market cap$11.96B+54.8%

Enterprise value$27.2B+71.0%

P/E12.4×+3.2×

P/S0.4×0.0×

Profitability

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Gross margin12.5%+2.3pp

Operating margin4.9%+1.4pp

Net margin3.1%-0.6pp

FCF margin2.7%—

Returns & leverage

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Current ratio1.4×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept sun:AdjustedEBITDA.

The official record: Sunoco’s 10-K, filed February 24, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does wholesale — adjusted EBITDA mean?: This is a non-GAAP measure representing the wholesale segment's earnings before interest, taxes, depreciation, and amortization, further adjusted for non-recurring or non-cash items. It is the primary metric used by management and investors to evaluate the core operating profitability of the wholesale business. It strips away accounting noise to show cash-generating capability.