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Sunoco SUN Wholesale — Goodwill

Discontinued — last reported Q4 '17

Similar metrics at other companies

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BROWholesale Brokerage — Goodwill
$751M+20.2%
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BROWholesale — Goodwill Fair Value Disclosure
$60M
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DECKOther Wholesale — Goodwill
$7.89M0.0%
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BROWholesale — Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
$19M
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RLWholesale — Goodwill
$0
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BRORetail — Goodwill
$9.17B+66.4%

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 us-gaap:Goodwill.

The official record: Sunoco’s 10-K, filed February 23, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does wholesale — goodwill mean?
The value of intangible assets like brand and market share recorded from past acquisitions in the wholesale segment.
How do you interpret wholesale — goodwill?
A high balance indicates significant historical acquisition activity, while a sudden decrease suggests potential impairment of previously acquired assets.
How does wholesale — goodwill compare across companies?
Standard accounting metric for any company that grows through M&A; common in consolidated fuel distribution industries.