Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting

Summary of financial information for the reportable segments (in thousands)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Wholesale Segment:
Sales
Gasoline and gasoline blendstocks	$	1,594,543	$	559,685	$	3,615,862	$	1,526,452
Crude oil (1)		15,643		109,923		74,047		356,594
Other oils and related products (2)		279,467		292,427		1,372,042		1,249,457
Total	$	1,889,653	$	962,035	$	5,061,951	$	3,132,503
Product margin
Gasoline and gasoline blendstocks	$	5,586	$	30,422	$	54,423	$	64,415
Crude oil (1)		(7,606)		(8,405)		2,885		3,248
Other oils and related products (2)		5,175		14,589		31,477		52,290
Total	$	3,155	$	36,606	$	88,785	$	119,953
Gasoline Distribution and Station Operations Segment:
Sales
Gasoline	$	1,110,529	$	897,440	$	3,088,906	$	2,524,823
Station operations (3)		124,481		94,856		312,455		258,309
Total	$	1,235,010	$	992,296	$	3,401,361	$	2,783,132
Product margin
Gasoline	$	91,335	$	84,170	$	238,434	$	230,608
Station operations (3)		57,265		46,492		149,479		128,629
Total	$	148,600	$	130,662	$	387,913	$	359,237
Commercial Segment:
Sales	$	344,172	$	205,415	$	934,989	$	604,425
Product margin	$	5,478	$	5,022	$	16,524	$	13,335
Combined sales and Product margin:
Sales	$	3,468,835	$	2,159,746	$	9,398,301	$	6,520,060
Product margin (4)	$	157,233	$	172,290	$	493,222	$	492,525
Depreciation allocated to cost of sales		(22,259)		(22,196)		(64,657)		(67,042)
Combined gross profit	$	134,974	$	150,094	$	428,565	$	425,483

(1) Crude oil consists of the Partnership’s crude oil sales and revenue from its logistics activities.

(2) Other oils and related products primarily consist of distillates, residual oil and propane.

(3) Station operations consist of convenience store sales, rental income and sundries.

(4) Product margin is a non-GAAP financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business.  The table above includes a reconciliation of product margin on a combined basis to gross profit, a directly comparable GAAP measure. 

Schedule of reconciliation of the totals reported for the reportable segments to the applicable line items in the consolidated financial statements (in thousands)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Combined gross profit	$	134,974	$	150,094	$	428,565	$	425,483
Operating costs and expenses not allocated to operating segments:
Selling, general and administrative expenses		42,127		40,134		121,447		111,600
Operating expenses		83,776		70,338		234,043		208,720
Gain on trustee taxes		—		—		(52,627)		—
Lease exit and termination gain		(3,506)		—		(3,506)		—
Amortization expense		3,079		2,260		7,984		6,781
Net loss (gain) on sale and disposition of assets		940		2,190		5,840		(7,291)
Goodwill and long-lived asset impairment		414		809		414		809
Total operating costs and expenses		126,830		115,731		313,595		320,619
Operating income		8,144		34,363		114,970		104,864
Interest expense		(22,579)		(20,626)		(65,637)		(65,836)
Income tax (expense) benefit		(29)		723		900		(72)
Net (loss) income		(14,464)		14,460		50,233		38,956
Net loss attributable to noncontrolling interest		384		418		1,142		1,242
Net (loss) income attributable to Global Partners LP	$	(14,080)	$	14,878	$	51,375	$	40,198

Schedule of total assets by reportable segment (in thousands)

		Wholesale		Commercial		GDSO		Unallocated		Total
September 30, 2018	$	723,006	$	—	$	1,447,625	$	404,699	$	2,575,330
December 31, 2017	$	613,764	$	100	$	1,281,370	$	424,935	$	2,320,169