ARKO Corp. Details 2023 Fiscal Year, Key Acquisitions
Ticker: ARKO · Form: 10-K · Filed: 2024-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, acquisitions, fiscal-report, related-party
Related Tickers: ARKO
TL;DR
**ARKO Corp. just dropped its 10-K, revealing 2022 acquisitions like Expressstop and Empire, plus a 2023 MT Bank agreement.**
AI Summary
ARKO Corp. filed its 10-K on February 27, 2024, for the fiscal year ended December 31, 2023. The filing highlights significant acquisition activities in 2022, including Expressstop and Empire. Additionally, the company had an agreement with MT Bank as of September 28, 2023, and mentions Transit Energy Group and a related party, Ligad Investments And Construction Ltd, as of December 31, 2023.
Why It Matters
This 10-K provides a comprehensive overview of ARKO Corp.'s financial health and strategic moves, including past acquisitions, which are crucial for investors to understand the company's growth trajectory and operational structure.
Risk Assessment
Risk Level: medium — The mention of multiple acquisitions and a related party transaction, without full financial context, suggests potential integration and operational risks.
Key Numbers
- 2023-12-31 — Fiscal Year End (ARKO Corp.'s fiscal year end date)
- 2024-02-27 — Filing Date (Date the 10-K was filed with the SEC)
- 2022 — Acquisition Year (Year of Expressstop and Empire acquisitions)
- 2023-09-28 — MT Bank Agreement Date (Date of agreement with MT Bank)
Key Players & Entities
- ARKO Corp. (company) — filer
- Expressstop (company) — acquisition target in 2022
- Empire (company) — acquisition target in 2022
- MT Bank (company) — party to an agreement as of 2023-09-28
- Transit Energy Group (company) — entity mentioned as of 2023-12-31
- Ligad Investments And Construction Ltd (company) — related party as of 2023-12-31
FAQ
What is the name of the company that filed this 10-K?
The company that filed this 10-K is ARKO Corp.
When was this 10-K filed?
This 10-K was filed on February 27, 2024.
What was ARKO Corp.'s fiscal year end for this report?
ARKO Corp.'s fiscal year end for this report was December 31, 2023.
Which acquisitions are mentioned for the year 2022?
The Expressstop and Empire acquisitions are mentioned for the year 2022.
With which bank did ARKO Corp. have an agreement as of September 28, 2023?
ARKO Corp. had an agreement with MT Bank as of September 28, 2023.
From the Filing
0000950170-24-021416.txt : 20240227 0000950170-24-021416.hdr.sgml : 20240227 20240227172047 ACCESSION NUMBER: 0000950170-24-021416 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 147 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARKO Corp. CENTRAL INDEX KEY: 0001823794 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CONVENIENCE STORES [5412] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 852784337 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39828 FILM NUMBER: 24688604 BUSINESS ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 BUSINESS PHONE: 804-730-1568 MAIL ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 10-K 1 arko-20231231.htm 10-K 10-K 10 0001823794 10 10 FY false --12-31 2026-02-28 P5Y http://fasb.org/us-gaap/2023#Liabilities http://fasb.org/us-gaap/2023#Liabilities December 31 2023 December 31 2027 0001823794 2020-12-31 0001823794 arko:ExpressstopAcquisitionMember 2022-01-01 2022-12-31 0001823794 us-gaap:CommonStockMember 2023-12-31 0001823794 arko:WholesaleMember us-gaap:IntersegmentEliminationMember 2023-01-01 2023-12-31 0001823794 arko:EmpireAcquisitionMember 2022-01-01 2022-12-31 0001823794 arko:PrivateWarrantsMember us-gaap:FairValueInputsLevel2Member us-gaap:MeasurementInputRiskFreeInterestRateMember 2023-12-31 0001823794 arko:TransitEnergyGroupMember 2023-12-31 0001823794 srt:MaximumMember arko:OptionToAcquireOwnershipRightsMember 2023-12-31 0001823794 2022-01-01 2022-12-31 0001823794 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001823794 arko:GpmpMember 2023-12-31 0001823794 arko:AgreementWithMTBankMember 2023-09-28 0001823794 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001823794 us-gaap:RelatedPartyMember arko:LigadInvestmentsAndConstructionLtdMember 2023-12-31 0001823794 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001823794 arko:ThirdPartyCardlockSiteContractsMember 2023-12-31 0001823794 arko:ExpressstopAcquisitionMember 2023-01-01 2023-12-31 0001823794 us-gaap:RetailMember us-gaap:OperatingSegmentsMember 2021-01-01 2021-12-31 0001823794 srt:MaximumMember arko:OtherMTTermLoansMember 2023-01-01 2023-12-31 0001823794 arko:ExpressstopAcquisitionMember us-gaap:TradeNamesMember 2023-01-01 2023-12-31 0001823794 us-gaap:TradeNamesMember 2023-12-31 0001823794 us-gaap:ForeignCountryMember 2023-12-31 0001823794 srt:FuelMember arko:FleetFuelingMember 2023-01-01 2023-12-31 0001823794 arko:MTEquipmentLineOfCreditMember srt:MaximumMember 2023-12-31 0001823794 arko:GPMInvestmentsLLCMember 2022-07-31 0001823794 arko:GPMPetroleumLPMember arko:PrideConvenienceHoldingsLlcAcquisitionMember 2023-12-31 0001823794 arko:PrideConvenienceHoldingsLlcAcquisitionMember 2022-01-01 2022-12-31 0001823794 us-gaap:FederalFundsEffectiveSwapRateMember arko:CapitalOneCreditFacilityMember 2022-12-09 0001823794 arko:FuelProductsMember arko:SupplierAMember 2022-01-01 2022-12-31 0001823794 arko:PerformanceBasedRestrictedStockUnitsMember 2023-01-01 2023-12-31 0001823794 us-gaap:RetailMember us-gaap:ProductAndServiceOtherMember 2022-01-01 2022-12-31 0001823794 us-gaap:RetainedEarningsMember 2020-12-31 0001823794 us-gaap:OperatingSegmentsMember us-gaap:AllOtherSegmentsMember 2021-01-01 2021-12-31 0001823794 arko:PrivateWarrantsMember 2022-01-01 2022-12-31 0001823794 arko:BuildingAndLeaseholdImprovementsMember srt:MinimumMember 2023-12-31 0001823794 arko:GpmMember arko:AgreementWithMTBankMember 2023-09-28 0001823794 arko:OptionsToAcquireOwnershipRightsMember 2022-12-31 0001823794 arko:FinancingCostsMember 2023-01-01 2023-12-31 0001823794 2023-06-30 0001823794 arko:NonContractualCustomerRelationshipsMember 2023-12-31 0001823794 arko:AdditionalDeferredSharesMember 2022-12-31 0001823794 us-gaap:GeneralAndAdministrativeExpenseMember arko:EmployeesNonEmployeesAndB