Sunoco 2009 Annual Report Download - page 111

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Sunoco, Inc. and Subsidiaries
Quarterly Financial and Stock Market Information (Unaudited)
(Millions of Dollars, Except Per-Share Amounts and Common Stock Prices)
2009 2008
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Sales and other operating revenue
(including consumer excise taxes)* .... $6,128 $7,482 $8,634 $8,947 $12,087 $15,157 $15,135 $8,604
Gross profit** ........................ $323 $175 $178 $182 $123 $341 $1,102 $729
Income (loss) from continuing
operations*** ....................... $45 $(35) $(286) $35 $(38) $103 $560 $292
Net income (loss) ..................... $51
†$(21)†† $(286)††† $56#$(38) $108## $576### $243@
Net income (loss) attributable to Sunoco,
Inc. shareholders ................... $12 $(55) $(312) $26 $(59) $82 $549 $204
Earnings (loss) attributable to Sunoco, Inc.
shareholders per share of common stock:
Basic:
Income (loss) from continuing
operations*** ................... $.05 $(.59) $(2.67) $.04 $(.50) $.66 $4.56 $2.16
Net income (loss) ................. $.10 $(.47) $(2.67) $.22 $(.50) $.70 $4.70 $1.75
Diluted:
Income (loss) from continuing
operations*** ................... $.05 $(.59) $(2.67) $.04 $(.50) $.66 $4.56 $2.16
Net income (loss) ................. $.10 $(.47) $(2.67) $.22 $(.50) $.70 $4.70 $1.74
Cash dividends per share of common
stock ............................. $.30 $.30 $.30 $.30 $.275 $.30 $.30 $.30
Common stock price@@ —high .......... $47.40 $32.74 $29.75 $34.49 $73.68 $56.90 $49.44 $44.19
—low ........... $25.79 $22.61 $21.45 $24.25 $47.93 $36.71 $31.68 $21.30
—end of period . . . $26.48 $23.20 $28.45 $26.10 $52.47 $40.69 $35.58 $43.46
*Reflects decreases of $306 and $709 million for the quarters ended March 31, 2009 and 2008, respectively, compared to amounts previously reported
on Securities and Exchange Commission Form 10-Q. These decreases are due to the treatment of the Tulsa refinery that was sold on June 1, 2009 as a
discontinued operation.
**Gross profit equals sales and other operating revenue less cost of products sold; operating expenses; depreciation, depletion and amortization; and
consumer excise, payroll and other applicable taxes.
***For the first quarter of 2009, reflects a decrease of $6 million compared to the amount previously reported on Securities and Exchange Commission
Form 10-Q in income from continuing operations, or $.05 per share of common stock. This decrease is due to the treatment of the Tulsa refinery that
was sold on June 1, 2009 as a discontinued operation.
†Includes a $47 million after-tax provision for asset write-downs and other matters (including $3 million after tax attributable to the discontinued Tulsa
operations).
††Includes a $44 million after-tax provision for asset write-downs and other matters and a $20 million net after-tax gain related to the divestment of the
discontinued Tulsa operations.
†††Includes a $304 million after-tax provision for asset write-downs and other matters and a $26 million after-tax gain on the divestment of the retail heating
oil and propane distribution business.
#Includes a $19 million after-tax provision for asset write-downs and other matters, a $21 million after-tax favorable adjustment to the gain related to the
divestment of the discontinued Tulsa operations and a $55 million after-tax gain from the liquidation of LIFO inventories in connection with the permanent
shutdown of the Eagle Point refinery.
##Includes an $11 million after-tax gain related to an insurance recovery and a $10 million after-tax gain related to income tax matters.
###Includes a $10 million after-tax provision for asset write-downs attributable to the discontinued Tulsa operations.
@Includes a $139 million after-tax provision for asset write-downs (including $85 million after tax attributable to the discontinued Tulsa operations), a $16
million after-tax gain related to income tax matters and a $14 million after-tax gain related to the prior issuance of Sunoco Logistics Partners L.P. limited
partnership units.
@@The Company’s common stock is principally traded on the New York Stock Exchange, Inc. under the symbol “SUN”. The Company had approximately
19,900 holders of record of common stock as of January 29, 2010.
103