Business Case Analysis Of Susser Holdings Corporation

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Susser Holdings Corporation once was one of the most prestigious stops for refueling your vehicle. Now Susser Holdings Corporation operates as a subsidiary of Energy Transfer Partners, L.P. Susser Holdings agreed to a definitive merger agreement to be acquired by Energy Transfer Partners for 1.8 billion dollars in august 2014. This merger makes Energy Transfer Partners L.P closer than ever as a stand-alone gasoline retailing convenience store business. This business case analysis is going to be over information provided for 2013 and 2014 in which Susser Holdings Corporation hadn’t merged with Energy Transfer partners yet. Susser Holdings Corporation is now no longer publicly traded or a member of the fortune 500 companies. The most recent company…show more content…
(dollars in thousands, except per share data)
Statement of Operations Data:
Revenues:
Merchandise sales $ 784,424 $ 806,252 $ 881,911 $ 976,452 $ 1,066,022
Motor fuel sales (9) 2,523,815 3,127,038 4,319,024 4,842,715 5,092,731
Other 41,425 43,027 47,835 53,625 55,062
Total revenues (9) 3,349,664 3,976,317 5,248,770 5,872,792 6,213,815
Gross profit:
Merchandise 261,084 270,683 297,601 330,952 361,354
Motor fuel 125,228 161,629 213,563 231,640 232,053
Other 41,067 40,790 45,822 48,802 50,756
Total gross profit 427,379 473,102 556,986 611,394 644,163 Selling, general and administrative expenses (2) 338,525 355,915 393,556 432,834 482,875 Depreciation, amortization and accretion 44,382 43,998 47,320 51,434 61,368 Other operating and miscellaneous expense (3) 2,457 3,367 1,566 1,165 2,503 Interest expense, net (4) 38,103 64,039 40,726 41,019 47,673 Income tax expense 1,805 4,994 26,347 33,645 16,940 Noncontrolling interest 39 3 14 4,572 18,473 Net income attributable to $ 2,068 $ 786 $ 47,457 $ 46,725 $
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Included in shortages are bad merchandise and theft. Merchandise margin represents merchandise gross profit as a percentage of merchandise sales. They do not include other gross profit from ancillary products and services in the calculation of merchandise gross profit. Average gallons per store per week. This reflects the average motor fuel gallons sold per location per week for a specific period, and includes all stores in operation during the period that sell fuel. The retail gross profit cents per gallon reflects the gross profit on motor fuel before credit card expenses divided by the number of retail gallons sold. The wholesale gross profit cents per gallon reflects the gross profit on motor fuel sold to third parties after credit card expenses divided by the number of wholesale gallons sold to third parties.
Here is a five year view of the actual numbers different profitability, equity, growth, liquidity, efficiency, and cost ratios. Ratios are a great way of comparing themselves to competition or how the company is doing compared to their goals or standards they want to reach over a given period of

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