Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting

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

	2019		2018		2017
Wholesale Segment:
Sales
Gasoline and gasoline blendstocks	$	5,358,550	$	4,732,028	$	2,097,811
Crude oil (1)		96,419		109,719		464,234
Other oils and related products (2)		1,974,897		2,049,043		1,725,537
Total	$	7,429,866	$	6,890,790	$	4,287,582
Product margin
Gasoline and gasoline blendstocks	$	83,982	$	76,741	$	82,124
Crude oil (1)		(13,047)		7,159		7,279
Other oils and related products (2)		51,584		53,389		62,799
Total	$	122,519	$	137,289	$	152,202
Gasoline Distribution and Station Operations Segment:
Sales
Gasoline	$	3,806,892	$	4,081,498	$	3,434,581
Station operations (3)		466,761		427,211		351,876
Total	$	4,273,653	$	4,508,709	$	3,786,457
Product margin
Gasoline	$	374,550	$	373,303	$	326,536
Station operations (3)		225,078		203,098		174,986
Total	$	599,628	$	576,401	$	501,522
Commercial Segment:
Sales	$	1,378,211	$	1,273,103	$	846,513
Product margin	$	28,540	$	23,611	$	17,858
Combined sales and Product margin:
Sales	$	13,081,730	$	12,672,602	$	8,920,552
Product margin (4)	$	750,687	$	737,301	$	671,582
Depreciation allocated to cost of sales		(87,930)		(86,892)		(88,530)
Combined gross profit	$	662,757	$	650,409	$	583,052

(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)

	Year Ended December 31,
	2019		2018		2017
Combined gross profit	$	662,757	$	650,409	$	583,052
Operating costs and expenses not allocated to operating segments:
Selling, general and administrative expenses		170,937		171,002		155,033
Operating expenses		342,382		321,115		283,650
(Gain) loss on trustee taxes		—		(52,627)		16,194
Lease exit and termination gain		(493)		(3,506)		—
Amortization expense		11,431		10,960		9,206
Net (gain) loss on sale and disposition of assets		(2,730)		5,880		(1,624)
Goodwill and long-lived asset impairment		2,022		414		809
Total operating costs and expenses		523,549		453,238		463,268
Operating income		139,208		197,171		119,784
Interest expense		(89,856)		(89,145)		(86,230)
Loss on early extinguishment of debt		(13,080)		—		—
Income tax (expense) benefit		(1,094)		(5,623)		23,563
Net income		35,178		102,403		57,117
Net loss attributable to noncontrolling interest		689		1,502		1,635
Net income attributable to Global Partners LP	$	35,867	$	103,905	$	58,752

Schedule of total assets by reportable segment (in thousands)

		Wholesale		Commercial		GDSO		Unallocated		Total
December 31, 2019	$	773,696	$	—	$	1,576,655	$	458,076	$	2,808,427
December 31, 2018	$	615,795	$	—	$	1,415,501	$	392,995	$	2,424,291