SRLP · Sprague Resources LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.81B | - | $665.47M | $657.67M | $1.04B | - | $390.46M | $358.21M | $959.88M |
| Cost of Revenue | - | - | - | - | $659.80M | $924.78M | - | $324.68M | $325.23M | $850.02M |
| Gross Profit | - | - | - | - | ($2.13M) | $111.35M | - | $65.78M | $32.98M | $109.86M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $21.94M | $28.72M | - | $19.40M | $16.72M | $25.24M | - | $18.05M | $18.92M | $20.03M |
| Total Operating Expenses | $1.31B | $1.79B | - | $775.18M | $703.93M | $977.74M | - | $369.70M | $371.14M | $899.46M |
| D&A | $8.05M | $8.13M | - | $8.28M | $8.26M | $8.48M | - | $8.47M | $8.52M | $8.60M |
| Operating Income | ($35.71M) | $24.16M | - | ($109.74M) | ($36.53M) | $58.40M | - | $20.76M | ($12.93M) | $60.42M |
| Interest Expense | $9.24M | $10.57M | - | $7.86M | $8.59M | $8.81M | - | $9.55M | $10.79M | $11.29M |
| Income Tax | $461.0K | ($4.33M) | - | ($1.81M) | $562.0K | $871.0K | - | $1.57M | $1.54M | $2.57M |
| Net Income | ($45.30M) | $17.95M | - | ($115.76M) | ($45.60M) | $48.78M | - | $9.67M | ($25.13M) | $46.73M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.45M | $4.57M | $669.0K | $8.86M | $6.75M | $7.10M | $3.77M | $11.37M | $3.75M | $9.55M |
| Accounts Receivable | $279.32M | $361.55M | $280.41M | $169.94M | $158.20M | $221.22M | $193.01M | $112.71M | $107.16M | $181.23M |
| Inventory | $239.14M | $303.59M | $439.82M | $228.35M | $202.65M | $188.35M | $255.53M | $224.81M | $196.44M | $109.93M |
| Accounts Payable | $135.66M | $154.99M | $193.84M | $91.79M | $50.97M | $84.74M | $97.28M | $60.58M | $38.77M | $76.88M |
| Current Assets | $791.53M | $1.02B | $883.98M | $691.89M | $499.95M | $586.01M | $665.68M | $524.00M | $557.48M | $666.88M |
| Total Assets | $1.33B | $1.56B | $1.42B | $1.23B | $1.02B | $1.12B | $1.20B | $1.07B | $1.11B | $1.24B |
| Current Liabilities | $1.31B | $1.12B | $983.27M | $830.86M | $530.49M | $558.92M | $674.60M | $522.71M | $557.53M | $683.25M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.43B | $1.61B | $1.48B | $1.33B | $993.03M | $1.03B | $1.14B | $995.81M | $1.04B | $1.12B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $92.92M | - | - | - | $88.47M | - | - | - | $201.10M |
| Investing Cash Flow | - | ($2.61M) | - | - | - | ($1.92M) | - | - | - | ($3.00M) |
| Financing Cash Flow | - | ($86.41M) | - | - | - | ($83.22M) | - | - | - | ($193.81M) |
| CapEx | - | $2.79M | - | - | - | $2.13M | - | - | - | $3.01M |
| Free Cash Flow | - | $90.13M | - | - | - | $86.34M | - | - | - | $198.09M |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | -0.3% | 10.7% | - | 16.8% | 9.2% | 11.4% |
| Operating margin | -2.8% | 1.3% | - | -16.5% | -5.6% | 5.6% | - | 5.3% | -3.6% | 6.3% |
| EBITDA margin | -2.2% | 1.8% | - | -15.2% | -4.3% | 6.5% | - | 7.5% | -1.2% | 7.2% |
| Net margin | -3.5% | 1.0% | - | -17.4% | -6.9% | 4.7% | - | 2.5% | -7.0% | 4.9% |
| Free cash flow margin | - | 5.0% | - | - | - | 8.3% | - | - | - | 20.6% |
| FCF / Net income | - | 5.02 | - | - | - | 1.77 | - | - | - | 4.24 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 1.7% | 1.6% | - | 2.9% | 2.5% | 2.4% | - | 4.6% | 5.3% | 2.1% |
| Effective tax rate | - | -31.8% | - | - | - | 1.8% | - | 13.9% | - | 5.2% |
| Return on assets | -3.4% | 1.2% | - | -9.4% | -4.5% | 4.4% | - | 0.9% | -2.3% | 3.8% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.60 | 0.91 | 0.90 | 0.83 | 0.94 | 1.05 | 0.99 | 1.00 | 1.00 | 0.98 |
| Quick ratio | 0.42 | 0.64 | 0.45 | 0.56 | 0.56 | 0.71 | 0.61 | 0.57 | 0.65 | 0.82 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -3.9x | 2.3x | - | -14.0x | -4.3x | 6.6x | - | 2.2x | -1.2x | 5.4x |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 1.07 | 1.03 | 1.05 | 1.08 | 0.97 | 0.92 | 0.95 | 0.93 | 0.93 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | 0.96 | 1.16 | - | 0.54 | 0.64 | 0.93 | - | 0.37 | 0.32 | 0.77 |
| Inventory turnover | - | - | - | - | 3.26 | 4.91 | - | 1.44 | 1.66 | 7.73 |
| Days sales outstanding | 80d | 73d | - | 93d | 88d | 78d | - | 105d | 109d | 69d |
| Days inventory outstanding | - | - | - | - | 112d | 74d | - | 253d | 220d | 47d |
| Days payable outstanding | - | - | - | - | 28d | 33d | - | 68d | 44d | 33d |
| Cash conversion cycle | - | - | - | - | 172d | 119d | - | 290d | 286d | 83d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 94.4% | 75.0% | - | 70.4% | 83.6% | 7.9% | - | -33.0% | -45.9% | -23.7% |
| Revenue CAGR (3y) | 24.5% | 13.0% | - | 2.5% | -3.9% | -8.0% | - | -7.4% | -11.3% | 1.5% |
| Revenue CAGR (5y) | 20.0% | 14.6% | - | 9.5% | 6.6% | 7.5% | - | -6.9% | -11.6% | -9.7% |
| Gross profit growth (YoY) | - | - | - | - | - | 1.4% | - | 36.6% | -38.2% | 10.7% |
| Operating income growth (YoY) | 2.3% | -58.6% | - | - | -182.5% | -3.3% | - | 1140.8% | - | 31.0% |
| Net income growth (YoY) | 0.7% | -63.2% | - | - | -81.5% | 4.4% | - | - | -425.8% | 37.8% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 4.4% | - | - | - | -56.4% | - | - | - | - |
| FCF CAGR (5y) | - | -1.7% | - | - | - | -5.2% | - | - | - | 17.9% |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$3.50B totalRefined Products Segment$3.14B · 89.8%
Natural Gas Segment$284.53M · 8.1%
Materials Handling Segment$50.48M · 1.4%
All Other Segments$20.64M · 0.6%
Product / service
$3.14B totalDistillates$2.33B · 74.2%
Gasoline$560.49M · 17.8%
Heavy Fuel Oil And Asphalt$249.16M · 7.9%
Geographic
$3.50B totalUS$3.20B · 91.4%
CA$301.42M · 8.6%
Peer comparison
Same SIC group: Wholesale-Petroleum Bulk Stations & Terminals
Comparing Sprague Resources LP against the 2 most active filers in the same SIC group.