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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues                      
Sales and other operating revenues $ 3,460,200 $ 3,657,600 $ 3,800,400 $ 3,116,400 $ 3,501,700 $ 3,788,000 $ 3,829,000 $ 3,244,200 $ 14,034,600 $ 14,362,900 $ 12,826,600
Operating Expenses                      
Station and other operating expenses                 559,300 541,300 514,900
Depreciation and amortization                 152,200 134,000 116,900
Selling, general and administrative                 144,600 136,200 141,200
Accretion of asset retirement obligations                 2,100 2,000 1,800
Total operating expenses                 13,766,300 14,087,100 12,539,400
Net settlement proceeds                 100 50,400 0
Gain (loss) on sale of assets                 100 (1,100) (3,900)
Income from operations                 268,500 325,100 283,300
Other income (expense)                      
Interest income                 3,200 1,500 1,300
Interest expense                 (54,900) (52,900) (46,700)
Loss on early debt extinguishment                 (14,800) 0 0
Other nonoperating income (expense)                 400 200 2,200
Total other income (expense)                 (66,100) (51,200) (43,200)
Income before income taxes 61,900 91,300 43,300 5,900 100,500 57,000 69,100 47,300 202,400 273,900 240,100
Income tax expense (benefit)                 47,600 60,300 (5,200)
Net Income $ 47,600 $ 69,200 $ 32,700 $ 5,300 $ 77,500 $ 45,000 $ 51,800 $ 39,300 $ 154,800 $ 213,600 $ 245,300
Basic and Diluted Earnings Per Common Share:                      
Basic (in dollars per share) $ 1.56 $ 2.20 $ 1.02 $ 0.16 $ 2.40 $ 1.40 $ 1.59 $ 1.17 $ 4.90 $ 6.54 $ 6.85
Diluted (in dollars per share) $ 1.54 $ 2.18 $ 1.01 $ 0.16 $ 2.38 $ 1.38 $ 1.58 $ 1.16 $ 4.86 $ 6.48 $ 6.78
Weighted-average shares outstanding (in thousands):                      
Basic (in shares)                 31,594 32,674 35,816
Diluted (in shares)                 31,858 32,983 36,156
Supplemental information:                      
Excise taxes                 $ 1,933,300 $ 1,838,900 $ 1,973,100
Petroleum product sales                      
Operating Revenues                      
Sales and other operating revenues [1]                 11,373,800 11,858,400 10,287,900
Operating Expenses                      
Operating expenses [1]                 10,707,400 11,251,100 9,773,200
Merchandise                      
Operating Revenues                      
Sales and other operating revenues                 2,620,100 2,423,000 2,372,700
Operating Expenses                      
Operating expenses                 2,200,700 2,022,500 1,991,400
Other operating revenues                      
Operating Revenues                      
Sales and other operating revenues                 $ 40,700 $ 81,500 $ 166,000
[1] Years Ended December 31,(Millions of dollars except per share amounts)2019 2018 2017 Supplemental information: 1 Includes excise taxes of:$1,933.3 $1,838.9 $1,973.1