Cash flow MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX Other stock markets 10:50:55 11/09/2024 pm IST			5-day change	1st Jan Change
42.85 ^USD	+0.23%		+1.06%	+16.78%

03/09	Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now	RE
06/08	Tranche Update on MPLX LP's Equity Buyback Plan announced on August 2, 2022.	CI

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Published financial data: MPLX LP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	862.5Cr	824.6Cr	957.5Cr	1.05TCr	1.04TCr
Other Revenues, Total	12Cr	26Cr	13Cr	60Cr	25Cr
Total Revenues	874.5Cr	850.5Cr	970.6Cr	1.11TCr	1.07TCr
Cost of Goods Sold, Total	371.2Cr	327.6Cr	423.3Cr	502.2Cr	465.8Cr
Gross Profit	503.3Cr	522.9Cr	547.3Cr	611.5Cr	602.3Cr
Selling General & Admin Expenses, Total	37Cr	38Cr	35Cr	34Cr	38Cr
Depreciation & Amortization - (IS)	125.4Cr	137.7Cr	128.7Cr	123Cr	121.3Cr
Other Operating Expenses	11Cr	12Cr	12Cr	12Cr	13Cr
Other Operating Expenses, Total	174.1Cr	188Cr	176Cr	168Cr	172.3Cr
Operating Income	329.2Cr	334.9Cr	371.3Cr	443.5Cr	430Cr
Interest Expense, Total	-86Cr	-83Cr	-79Cr	-85Cr	-90Cr
Net Interest Expenses	-86Cr	-83Cr	-79Cr	-85Cr	-90Cr
Income (Loss) On Equity Invest.	29Cr	-94Cr	32Cr	48Cr	60Cr
Other Non Operating Income (Expenses)	-5.3Cr	-3.6Cr	-6.4Cr	-7.7Cr	-2.6Cr
EBT, Excl. Unusual Items	266.7Cr	154.3Cr	317.7Cr	398.6Cr	397.7Cr
Restructuring Charges	-	-3.7Cr	-	-	-
Merger & Related Restructuring Charges	-1.4Cr	-	-	-	-
Impairment of Goodwill	-119.7Cr	-181.4Cr	-	-	-
Gain (Loss) On Sale Of Assets	60L	-	-	-	-
Asset Writedown	-	-35Cr	-4.2Cr	-	-
Other Unusual Items	-	-2.6Cr	-2.2Cr	-	-
EBT, Incl. Unusual Items	146.2Cr	-68Cr	311.3Cr	398.6Cr	397.7Cr
Income Tax Expense	-	20L	10L	80L	1.1Cr
Earnings From Continuing Operations	146.2Cr	-69Cr	311.2Cr	397.8Cr	396.6Cr
Net Income to Company	146.2Cr	-69Cr	311.2Cr	397.8Cr	396.6Cr
Minority Interest	-2.8Cr	-3.3Cr	-3.5Cr	-3.4Cr	-3.8Cr
Net Income - (IS)	143.4Cr	-72Cr	307.7Cr	394.4Cr	392.8Cr
Preferred Dividend and Other Adjustments	52Cr	12Cr	14Cr	15Cr	12Cr
Net Income to Common Incl Extra Items	91Cr	-84Cr	293.6Cr	379.1Cr	380.8Cr
Net Income to Common Excl. Extra Items	91Cr	-84Cr	293.6Cr	379.1Cr	380.8Cr
Per Share Items
Net EPS - Basic	1	-0.8	2.86	3.75	3.8
Basic EPS - Continuing Operations	1	-0.8	2.86	3.75	3.8
Basic Weighted Average Shares Outstanding	91Cr	105.1Cr	102.7Cr	101Cr	100.1Cr
Net EPS - Diluted	1	-0.8	2.86	3.75	3.8
Diluted EPS - Continuing Operations	1	-0.8	2.86	3.75	3.8
Diluted Weighted Average Shares Outstanding	91Cr	105.1Cr	102.7Cr	101Cr	100.2Cr
Normalized Basic EPS	1.81	0.89	1.9	2.43	2.45
Normalized Diluted EPS	1.81	0.89	1.9	2.43	2.44
Dividend Per Share	2.69	2.75	2.78	2.96	3.25
Payout Ratio	211.92	-417.5	97.04	77.26	83.91
Distributable Cash Payout Ratio (Income Trusts)	78.26	68.38	61.26	61.42	62.13
Supplemental Items
EBITDA	454.6Cr	472.6Cr	500Cr	566.5Cr	551.3Cr
EBITA	345Cr	348.3Cr	384.1Cr	456.1Cr	442.8Cr
EBIT	329.2Cr	334.9Cr	371.3Cr	443.5Cr	430Cr
EBITDAR	472.7Cr	488.1Cr	513.2Cr	580.4Cr	565.9Cr
Total Revenues (As Reported)	904.1Cr	756.9Cr	1TCr	1.16TCr	1.13TCr
Effective Tax Rate - (Ratio)	-	-0.29	0.03	0.2	0.28
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	163.89Cr	93Cr	195.06Cr	245.72Cr	244.76Cr
Distributable Cash	336.7Cr	420Cr	464.4Cr	485.2Cr	524.1Cr
Interest Capitalized	5.1Cr	3.9Cr	1.4Cr	90L	1.5Cr
Interest on Long-Term Debt	10L	4Cr	1.5Cr	1Cr	1.5Cr
Supplemental Operating Expense Items
General and Administrative Expenses	37Cr	38Cr	35Cr	34Cr	38Cr
Net Rental Expense, Total	18Cr	16Cr	13Cr	14Cr	15Cr
Imputed Operating Lease Interest Expense	6.82Cr	5.28Cr	4.14Cr	4.67Cr	5.17Cr
Imputed Operating Lease Depreciation	11Cr	10Cr	9.06Cr	9.23Cr	9.43Cr
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	3.2Cr	2.7Cr	90L	-	-
Total Stock-Based Compensation	3.2Cr	2.7Cr	90L	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.5Cr	1.5Cr	1.3Cr	24Cr	104.8Cr
Total Cash And Short Term Investments	1.5Cr	1.5Cr	1.3Cr	24Cr	104.8Cr
Accounts Receivable, Total	125.7Cr	113.7Cr	130.9Cr	147.9Cr	156.2Cr
Other Receivables	2.2Cr	2.7Cr	70L	-	-
Total Receivables	127.9Cr	116.4Cr	131.6Cr	147.9Cr	156.2Cr
Inventory	11Cr	12Cr	14Cr	15Cr	16Cr
Prepaid Expenses	90L	40L	40L	50L	50L
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	7.1Cr	21Cr	3.2Cr	3.5Cr	3.4Cr
Total Current Assets	148.4Cr	151.5Cr	150.7Cr	190.5Cr	280.8Cr
Gross Property Plant And Equipment	2.75TCr	2.74TCr	2.7TCr	2.64TCr	2.79TCr
Accumulated Depreciation	-472.2Cr	-565.7Cr	-650.4Cr	-706.3Cr	-812.1Cr
Net Property Plant And Equipment	2.27TCr	2.18TCr	2.05TCr	1.94TCr	1.98TCr
Long-term Investments	527.5Cr	403.6Cr	398.1Cr	409.5Cr	374.3Cr
Goodwill	953.6Cr	765.7Cr	765.7Cr	764.5Cr	764.5Cr
Other Intangibles, Total	127Cr	96Cr	83Cr	70Cr	65Cr
Accounts Receivable Long-Term	4.3Cr	39Cr	86Cr	88Cr	79Cr
Other Long-Term Assets, Total	8Cr	10Cr	14Cr	107.2Cr	113.4Cr
Total Assets	4.04TCr	3.64TCr	3.55TCr	3.57TCr	3.65TCr
Liabilities
Accounts Payable, Total	119Cr	41Cr	42Cr	49Cr	43Cr
Accrued Expenses, Total	40Cr	42Cr	56Cr	51Cr	54Cr
Short-term Borrowings	-	-	145Cr	-	-
Current Portion of Long-Term Debt	-	76Cr	50Cr	99Cr	113.4Cr
Current Portion of Leases	7.6Cr	6.6Cr	6.2Cr	4.8Cr	4.7Cr
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	5.9Cr	9.7Cr	7.7Cr	8Cr	8.1Cr
Other Current Liabilities	41Cr	33Cr	27Cr	29Cr	39Cr
Total Current Liabilities	213.2Cr	208.6Cr	334.8Cr	240.1Cr	262.4Cr
Long-Term Debt	1.97TCr	1.94TCr	1.81TCr	1.88TCr	1.93TCr
Long-Term Leases	54Cr	48Cr	44Cr	46Cr	44Cr
Unearned Revenue Non Current	28Cr	37Cr	46Cr	33Cr	45Cr
Deferred Tax Liability Non Current	1.2Cr	1.2Cr	1Cr	1.3Cr	1.6Cr
Other Non Current Liabilities	19Cr	12Cr	17Cr	14Cr	13Cr
Total Liabilities	2.28TCr	2.24TCr	2.25TCr	2.22TCr	2.29TCr
Preferred Stock Redeemable	61Cr	61Cr	61Cr	61Cr	-
Preferred Stock Convertible	97Cr	97Cr	96Cr	97Cr	90Cr
Total Preferred Equity	157.9Cr	157.9Cr	157.6Cr	157.9Cr	90Cr
Common Stock, Total	1.58TCr	1.22TCr	1.12TCr	1.17TCr	1.25TCr
Comprehensive Income and Other	-1.5Cr	-1.5Cr	-1.7Cr	-80L	-40L
Total Common Equity	1.58TCr	1.22TCr	1.12TCr	1.17TCr	1.25TCr
Minority Interest	25Cr	24Cr	24Cr	24Cr	24Cr
Total Equity	1.76TCr	1.4TCr	1.3TCr	1.35TCr	1.36TCr
Total Liabilities And Equity	4.04TCr	3.64TCr	3.55TCr	3.57TCr	3.65TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	105.84Cr	103.72Cr	101.46Cr	100.1Cr	101.07Cr
ECS Total Common Shares Outstanding	105.84Cr	103.88Cr	101.62Cr	100.1Cr	100.35Cr
Book Value / Share	14.88	11.71	11.02	11.69	12.41
Tangible Book Value	494.7Cr	354.5Cr	271.2Cr	334.8Cr	415.5Cr
Tangible Book Value Per Share	4.67	3.41	2.67	3.34	4.14
Total Debt	2.03TCr	2.07TCr	2.05TCr	2.03TCr	2.09TCr
Net Debt	2.03TCr	2.07TCr	2.05TCr	2.01TCr	1.99TCr
Debt Equivalent Oper. Leases	144.8Cr	124Cr	105.6Cr	111.2Cr	116.8Cr
Minority Interest, Total (Incl. Fin. Div)	25Cr	24Cr	24Cr	24Cr	24Cr
Equity Method Investments, Total	527.5Cr	403.6Cr	398.1Cr	409.5Cr	374.3Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	50L	50L	1.2Cr	60L	80L
Inventories - Others	10Cr	11Cr	13Cr	14Cr	15Cr
Land - (BS)	255.4Cr	209.1Cr	210.3Cr	209.6Cr	213.4Cr
Machinery, Total	434.4Cr	397.6Cr	330.5Cr	332.8Cr	346.9Cr
Accumulated Allowance for Doubtful Accounts (Supple)	-	10L	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	143.4Cr	-72Cr	307.7Cr	394.4Cr	392.8Cr
Depreciation & Amortization - CF	109.6Cr	124.3Cr	115.9Cr	110.4Cr	108.5Cr
Amortization of Goodwill and Intangible Assets - (CF)	16Cr	13Cr	13Cr	13Cr	13Cr
Depreciation & Amortization, Total	125.4Cr	137.7Cr	128.7Cr	123Cr	121.3Cr
Amortization of Deferred Charges, Total - (CF)	4.2Cr	6.1Cr	7Cr	7.3Cr	5.5Cr
(Gain) Loss From Sale Of Asset	-60L	40L	-1.3Cr	-48Cr	-11Cr
Asset Writedown & Restructuring Costs	119.7Cr	216.5Cr	4.2Cr	-	-
(Income) Loss On Equity Investments - (CF)	24Cr	139.5Cr	19Cr	10Cr	14Cr
Other Operating Activities, Total	3.4Cr	3.5Cr	5.9Cr	2.4Cr	2.5Cr
Change In Accounts Receivable	1.7Cr	6.2Cr	-20Cr	1.4Cr	1.4Cr
Change In Inventories	-90L	-1.2Cr	-2.4Cr	-50L	-1.9Cr
Change In Accounts Payable	-5.9Cr	3.6Cr	19Cr	-3.3Cr	-4Cr
Change in Unearned Revenues	10Cr	11Cr	8.8Cr	11Cr	11Cr
Change in Other Net Operating Assets	-16Cr	60L	14Cr	3.7Cr	8.4Cr
Cash from Operations	408.2Cr	452.1Cr	491.1Cr	501.9Cr	539.7Cr
Capital Expenditure	-240.8Cr	-118.3Cr	-53Cr	-81Cr	-94Cr
Sale of Property, Plant, and Equipment	3Cr	5.6Cr	13Cr	8.4Cr	2.6Cr
Cash Acquisitions	60L	-	-	-2.8Cr	-25Cr
Investment in Marketable and Equity Securities, Total	-70Cr	-14Cr	-12Cr	-21Cr	-9.5Cr
Other Investing Activities, Total	40L	80L	-	-	-
Cash from Investing	-306.3Cr	-126.2Cr	-52Cr	-96Cr	-125.2Cr
Short Term Debt Issued, Total	931.3Cr	626.4Cr	849.3Cr	298.9Cr	-
Long-Term Debt Issued, Total	917.4Cr	681Cr	417.5Cr	337.9Cr	158.9Cr
Total Debt Issued	1.85TCr	1.31TCr	1.27TCr	636.8Cr	158.9Cr
Short Term Debt Repaid, Total	-871.9Cr	-685.8Cr	-704.3Cr	-443.9Cr	-
Long-Term Debt Repaid, Total	-792.4Cr	-641.4Cr	-582.1Cr	-220.2Cr	-100.1Cr
Total Debt Repaid	-1.66TCr	-1.33TCr	-1.29TCr	-664.1Cr	-100.1Cr
Issuance of Common Stock	7.4Cr	5Cr	4.5Cr	4.4Cr	3.1Cr
Repurchase of Common Stock	-	-3.3Cr	-63Cr	-49Cr	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-60Cr
Common Dividends Paid	-243.5Cr	-288.4Cr	-284.5Cr	-292.1Cr	-318.1Cr
Preferred Dividends Paid	-10Cr	-12Cr	-14Cr	-13Cr	-12Cr
Common & Preferred Stock Dividends Paid	-50Cr	-	-	-	-
Common & Preferred Stock Dividends Paid	-303.9Cr	-300.6Cr	-298.6Cr	-304.7Cr	-329.6Cr
Special Dividend Paid	-	-	-59Cr	-	-
Other Financing Activities, Total	3.2Cr	-7.2Cr	-4.1Cr	-7.1Cr	-5.8Cr
Cash from Financing	-108.9Cr	-325.9Cr	-439.5Cr	-383.8Cr	-333.5Cr
Net Change in Cash	-7Cr	-	-20L	22Cr	81Cr
Supplemental Items
Maintenance CAPEX	21Cr	12Cr	8.8Cr	14Cr	15Cr
Cash Interest Paid	84Cr	82Cr	81Cr	81Cr	89Cr
Cash Income Tax Paid (Refund)	10L	20L	40L	30L	70L
Levered Free Cash Flow	63Cr	103.19Cr	274.9Cr	259.29Cr	244.19Cr
Unlevered Free Cash Flow	113.05Cr	149.21Cr	317.46Cr	304.99Cr	294.75Cr
Change In Net Working Capital	-20Cr	82Cr	-8.7Cr	15Cr	1.6Cr
Net Debt Issued / Repaid	184.4Cr	-20Cr	-20Cr	-27Cr	59Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.16	5.45	6.45	7.79	7.45
Return on Total Capital	5.48	5.77	6.81	8.23	7.87
Return On Equity %	8.05	-4.35	23.05	29.99	29.27
Return on Common Equity	5.46	-6.03	25.14	33.11	31.53
Margin Analysis
Gross Profit Margin %	57.55	61.48	56.39	54.91	56.39
SG&A Margin	4.28	4.44	3.64	3.01	3.55
EBITDA Margin %	51.98	55.57	51.51	50.87	51.62
EBITA Margin %	39.45	40.95	39.57	40.95	41.46
EBIT Margin %	37.64	39.38	38.25	39.82	40.26
Income From Continuing Operations Margin %	16.72	-8.08	32.06	35.72	37.13
Net Income Margin %	16.4	-8.47	31.7	35.41	36.78
Net Avail. For Common Margin %	10.41	-9.9	30.25	34.04	35.65
Normalized Net Income Margin	18.74	10.95	20.1	22.06	22.92
Levered Free Cash Flow Margin	7.25	12.13	28.32	23.28	22.86