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TravelCenters Of America LLC Announces Fourth Quarter And Year End 2013 Results

Stocks in this article: TA

TravelCenters of America LLC (NYSE:TA) today announced financial results for the fourth quarter and year ended December 31, 2013.

At December 31, 2013, TA’s business included 247 travel centers, 172 of which were operated under the “TravelCenters of America” or “TA” brand names and 75 of which were operated under the “Petro” brand name. At December 31, 2013, TA also operated 34 convenience stores with retail gasoline stations, primarily under the “Minit Mart” brand name. TA’s results were:

   
Three Months Ended

December 31,

Year Ended

December 31,

 
2013   2012 2013   2012
(in thousands, except per share amounts)
 
Revenues $ 1,906,530 $ 1,925,195 $ 7,944,731 $ 7,995,724
Net income (loss) $ 11,975 $ (2,459 ) $ 31,623 $ 32,198
 
Net income (loss) per share:
Basic and diluted $ 0.39 $ (0.08 ) $ 1.06 $ 1.12
 
Supplemental Data:
Total fuel sales volume (gallons) 498,157 486,963 2,034,929 2,039,960
Total fuel revenues $ 1,553,281 $ 1,597,287 $ 6,481,252 $ 6,636,297
Fuel gross margin $ 84,086 $ 76,484 $ 342,172 $ 326,047
 
Total nonfuel sales $ 350,238 $ 324,456 $ 1,450,792 $ 1,344,755
Nonfuel gross margin $ 193,554 $ 180,183 $ 797,968 $ 745,281
Nonfuel gross margin percentage 55.3 % 55.5 % 55.0 % 55.4 %
 
EBITDAR (1) $ 58,162 $ 65,598 $ 289,589 $ 293,023
Adjusted EBITDAR (2) $ 68,162 $ 65,598 $ 299,589 $ 293,023
 

(1) A reconciliation that shows the calculation of earnings before interest, taxes, depreciation, amortization and rent, or EBITDAR and Adjusted EBITDAR, from net income (loss) determined in accordance with U.S. generally accepted accounting principles, or GAAP, appears in the supplemental data below.

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