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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues        
Total operating revenues $ 2,379.6 $ 3,800.4 $ 5,564.4 $ 6,916.8
Operating Expenses        
Depreciation and amortization 39.5 36.5 78.9 76.2
Selling, general and administrative 37.1 35.1 76.3 69.7
Accretion of asset retirement obligations 0.5 0.5 1.1 1.0
Total operating expenses 2,145.4 3,744.7 5,199.5 6,842.5
Net settlement proceeds 0.0 0.0 0.0 0.1
Gain (loss) on sale of assets 1.3 0.0 1.4 (0.1)
Income (loss) from operations 235.5 55.7 366.3 74.3
Other income (expense)        
Interest income 0.2 0.9 1.0 1.6
Interest expense (13.0) (13.2) (26.3) (26.8)
Other nonoperating income (expense) 0.3 (0.1) (0.7) 0.1
Total other income (expense) (12.5) (12.4) (26.0) (25.1)
Income (loss) before income taxes 223.0 43.3 340.3 49.2
Income tax expense (benefit) 54.1 10.6 82.1 11.2
Net Income $ 168.9 $ 32.7 $ 258.2 $ 38.0
Basic and Diluted Earnings Per Common Share        
Basic (in dollars per share) $ 5.79 $ 1.02 $ 8.69 $ 1.18
Diluted (in dollars per share) $ 5.73 $ 1.01 $ 8.60 $ 1.18
Weighted-Average Common Shares Outstanding (in thousands):        
Basic (in shares) 29,181 32,112 29,708 32,159
Diluted (in shares) 29,495 32,328 30,018 32,372
Supplemental information:        
Excise taxes $ 380.3 $ 498.3 $ 853.7 $ 953.6
Product        
Operating Revenues        
Total operating revenues [1] 1,588.9 3,129.7 4,069.1 5,629.5
Operating Expenses        
Operating expenses [1] 1,287.8 2,973.7 3,547.6 5,355.2
Merchandise sales        
Operating Revenues        
Total operating revenues 767.1 658.8 1,454.6 1,265.0
Operating Expenses        
Operating expenses 648.7 553.3 1,228.7 1,062.0
Other operating revenues        
Operating Revenues        
Total operating revenues 23.6 11.9 40.7 22.3
Operating Expenses        
Operating expenses $ 131.8 $ 145.6 $ 266.9 $ 278.4
[1] Includes excise taxes of $853.7 million for the three months ended June 30, 2020, $498.3 million for the three months ended June 30, 2019, $473.5 million for the six months ended June 30, 2020 and $953.6 million the six months ended June 30, 2019.