EXHIBIT 13.b
CROWN CENTRAL PETROLEUM CORPORATION AND SUBSIDIARIES
Year in Review
Thousand of dollars, except per share amounts 1994 1993 1992
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Financial Summary
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Sales and operating revenues $1,699,168 $1,747,411 $1,795,259
(Loss) income before income taxes and cumulative
effect of changes in accounting principles (52,836) 807 (16,955)
Net (loss) (35,406) (4,300) (5,506)
Net (loss) per share (3.63) (.44) (.56)
Cash flow from operating activities 8,602 28,878 52,951
Total capital expenditures 34,359 40,860 38,003
Common stockholders' Equity 260,461 298,353 303,274
In thousands 1994 1993 1992
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Operating Summary
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Barrels per day processed 148 158 154
Gasoline barrels produced per day 80 86 86
Distillate barrels produced per day 48 52 49
Gasoline barrels sold per day 84 91 90
1994 1993 1992
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Key Financial Statistics
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Working capital (in millions) $ 53.7 $ 51.8 $ 44.9
Working capital ratio 1.22 : 1 1.29 : 1 1.22 : 1
Liquid assets as a percentage of current
liabilities (1) 75.8% 80.1% 83.8%
Long term debt as a percentage of total
capitalization (2) 29.1% 18.3% 16.9%
Equity ratio (3) 37.0% 45.5% 44.9%
Return on average shareholders' equity (12.7%) (1.4%) (1.8%)
Gross profit margin 5.7% 8.2% 7.5%
<FN>
(1) Liquid assets defined as cash, cash equivalents and trade accounts receivable.
(2) Total capitalization defined as long-term debt and common stockholders' equity.
(3) Common stockholders' equity divided by total assets.