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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Total operating revenues $ 6,766.7 $ 4,456.0 $ 11,885.1 $ 7,993.1
Operating Expenses        
Depreciation and amortization 54.7 53.3 110.1 104.3
Selling, general and administrative 52.2 48.5 98.4 92.8
Accretion of asset retirement obligations 0.7 0.7 1.4 1.3
Acquisition related costs 0.8 0.2 1.0 9.0
Total operating expenses 6,506.3 4,265.7 11,404.0 7,708.4
Gain (loss) on sale of assets 1.9 (0.1) 1.9 0.1
Income (loss) from operations 262.3 190.2 483.0 284.8
Other income (expense)        
Interest income 0.4 0.0 0.4 0.0
Interest expense (20.2) (20.4) (39.8) (41.7)
Other nonoperating income (expense) (1.2) 0.2 (1.9) 0.2
Total other income (expense) (21.0) (20.2) (41.3) (41.5)
Income before income taxes 241.3 170.0 441.7 243.3
Income tax expense (benefit) 58.0 41.2 106.0 59.2
Net Income $ 183.3 $ 128.8 $ 335.7 $ 184.1
Earnings per common share:        
Basic (in dollars per share) $ 7.65 $ 4.85 $ 13.81 $ 6.82
Diluted (in dollars per share) $ 7.53 $ 4.79 $ 13.59 $ 6.73
Weighted-Average Common Shares Outstanding (in thousands):        
Basic (in shares) 23,952 26,579 24,302 27,002
Diluted (in shares) 24,341 26,917 24,708 27,351
Supplemental information:        
Excise taxes $ 554.7 $ 524.4 $ 1,068.7 $ 994.0
Petroleum product        
Operating Revenues        
Total operating revenues [1] 5,690.3 3,404.5 9,838.7 6,040.3
Operating Expenses        
Operating expenses [1] 5,347.8 3,175.2 9,204.0 5,651.3
Merchandise sales        
Operating Revenues        
Total operating revenues 994.6 963.4 1,886.6 1,796.6
Operating Expenses        
Operating expenses 797.9 778.9 1,514.2 1,463.7
Other operating revenues        
Operating Revenues        
Total operating revenues 81.8 88.1 159.8 156.2
Operating Expenses        
Store and other operating expenses $ 252.2 $ 208.9 $ 474.9 $ 386.0
[1] Includes excise taxes of $554.7 million and $524.4 million for the three months ended June 30, 2022 and 2021, and $1,068.7 million and $994.0 million for the six months ended June 30, 2022 and 2021, respectively.