Income Statement MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 01:30:02 14/09/2024 am IST			5-day change	1st Jan Change
43.78 ^USD	+1.09%		+2.72%	+19.23%

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	8.62B	8.25B	9.58B	10.54B	10.43B
Other Revenues, Total	120M	259M	131M	596M	247M
Total Revenues	8.74B	8.5B	9.71B	11.14B	10.68B
Cost of Goods Sold, Total	3.71B	3.28B	4.23B	5.02B	4.66B
Gross Profit	5.03B	5.23B	5.47B	6.12B	6.02B
Selling General & Admin Expenses, Total	374M	378M	353M	335M	379M
Depreciation & Amortization - (IS)	1.25B	1.38B	1.29B	1.23B	1.21B
Other Operating Expenses	113M	125M	120M	115M	131M
Other Operating Expenses, Total	1.74B	1.88B	1.76B	1.68B	1.72B
Operating Income	3.29B	3.35B	3.71B	4.44B	4.3B
Interest Expense, Total	-862M	-834M	-793M	-848M	-897M
Net Interest Expenses	-862M	-834M	-793M	-848M	-897M
Income (Loss) On Equity Invest.	290M	-936M	321M	476M	600M
Other Non Operating Income (Expenses)	-53M	-36M	-64M	-77M	-26M
EBT, Excl. Unusual Items	2.67B	1.54B	3.18B	3.99B	3.98B
Restructuring Charges	-	-37M	-	-	-
Merger & Related Restructuring Charges	-14M	-	-	-	-
Impairment of Goodwill	-1.2B	-1.81B	-	-	-
Gain (Loss) On Sale Of Assets	6M	-	-	-	-
Asset Writedown	-	-351M	-42M	-	-
Other Unusual Items	-	-26M	-22M	-	-
EBT, Incl. Unusual Items	1.46B	-685M	3.11B	3.99B	3.98B
Income Tax Expense	-	2M	1M	8M	11M
Earnings From Continuing Operations	1.46B	-687M	3.11B	3.98B	3.97B
Net Income to Company	1.46B	-687M	3.11B	3.98B	3.97B
Minority Interest	-28M	-33M	-35M	-34M	-38M
Net Income - (IS)	1.43B	-720M	3.08B	3.94B	3.93B
Preferred Dividend and Other Adjustments	524M	122M	141M	153M	120M
Net Income to Common Incl Extra Items	910M	-842M	2.94B	3.79B	3.81B
Net Income to Common Excl. Extra Items	910M	-842M	2.94B	3.79B	3.81B
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	906M	1.05B	1.03B	1.01B	1B
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	907M	1.05B	1.03B	1.01B	1B
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	4.55B	4.73B	5B	5.66B	5.51B
EBITA	3.45B	3.48B	3.84B	4.56B	4.43B
EBIT	3.29B	3.35B	3.71B	4.44B	4.3B
EBITDAR	4.73B	4.88B	5.13B	5.8B	5.66B
Total Revenues (As Reported)	9.04B	7.57B	10.03B	11.61B	11.28B
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	1.64B	931M	1.95B	2.46B	2.45B
Distributable Cash	3.37B	4.2B	4.64B	4.85B	5.24B
Interest Capitalized	51M	39M	14M	9M	15M
Interest on Long-Term Debt	1M	40M	15M	10M	15M
Supplemental Operating Expense Items
General and Administrative Expenses	374M	378M	353M	335M	379M
Net Rental Expense, Total	181M	155M	132M	139M	146M
Imputed Operating Lease Interest Expense	68.24M	52.81M	41.38M	46.7M	51.69M
Imputed Operating Lease Depreciation	113M	102M	90.62M	92.3M	94.31M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	32M	27M	9M	-	-
Total Stock-Based Compensation	32M	27M	9M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	15M	15M	13M	238M	1.05B
Total Cash And Short Term Investments	15M	15M	13M	238M	1.05B
Accounts Receivable, Total	1.26B	1.14B	1.31B	1.48B	1.56B
Other Receivables	22M	27M	7M	-	-
Total Receivables	1.28B	1.16B	1.32B	1.48B	1.56B
Inventory	110M	118M	142M	148M	159M
Prepaid Expenses	9M	4M	4M	5M	5M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	71M	214M	32M	35M	34M
Total Current Assets	1.48B	1.52B	1.51B	1.9B	2.81B
Gross Property Plant And Equipment	27.46B	27.42B	27.04B	26.42B	27.88B
Accumulated Depreciation	-4.72B	-5.66B	-6.5B	-7.06B	-8.12B
Net Property Plant And Equipment	22.74B	21.76B	20.54B	19.36B	19.76B
Long-term Investments	5.28B	4.04B	3.98B	4.1B	3.74B
Goodwill	9.54B	7.66B	7.66B	7.64B	7.64B
Other Intangibles, Total	1.27B	959M	831M	705M	654M
Accounts Receivable Long-Term	43M	386M	856M	884M	790M
Other Long-Term Assets, Total	80M	103M	136M	1.07B	1.13B
Total Assets	40.43B	36.41B	35.51B	35.66B	36.53B
Liabilities
Accounts Payable, Total	1.19B	410M	424M	486M	431M
Accrued Expenses, Total	397M	416M	565M	506M	542M
Short-term Borrowings	-	-	1.45B	-	-
Current Portion of Long-Term Debt	-	764M	497M	987M	1.13B
Current Portion of Leases	76M	66M	62M	48M	47M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	59M	97M	77M	80M	81M
Other Current Liabilities	410M	333M	273M	294M	389M
Total Current Liabilities	2.13B	2.09B	3.35B	2.4B	2.62B
Long-Term Debt	19.69B	19.37B	18.06B	18.8B	19.29B
Long-Term Leases	542M	482M	440M	465M	442M
Unearned Revenue Non Current	277M	368M	457M	329M	446M
Deferred Tax Liability Non Current	12M	12M	10M	13M	16M
Other Non Current Liabilities	192M	115M	170M	142M	126M
Total Liabilities	22.85B	22.43B	22.49B	22.15B	22.94B
Preferred Stock Redeemable	611M	611M	611M	611M	-
Preferred Stock Convertible	968M	968M	965M	968M	895M
Total Preferred Equity	1.58B	1.58B	1.58B	1.58B	895M
Common Stock, Total	15.77B	12.18B	11.22B	11.71B	12.46B
Comprehensive Income and Other	-15M	-15M	-17M	-8M	-4M
Total Common Equity	15.75B	12.16B	11.2B	11.7B	12.45B
Minority Interest	249M	245M	241M	237M	235M
Total Equity	17.58B	13.98B	13.02B	13.51B	13.58B
Total Liabilities And Equity	40.43B	36.41B	35.51B	35.66B	36.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.06B	1.04B	1.01B	1B	1.01B
ECS Total Common Shares Outstanding	1.06B	1.04B	1.02B	1B	1B
Book Value / Share	14.88	11.71	11.02	11.69	12.41
Tangible Book Value	4.95B	3.54B	2.71B	3.35B	4.16B
Tangible Book Value Per Share	4.67	3.41	2.67	3.34	4.14
Total Debt	20.31B	20.68B	20.51B	20.3B	20.91B
Net Debt	20.3B	20.66B	20.5B	20.06B	19.87B
Debt Equivalent Oper. Leases	1.45B	1.24B	1.06B	1.11B	1.17B
Minority Interest, Total (Incl. Fin. Div)	249M	245M	241M	237M	235M
Equity Method Investments, Total	5.28B	4.04B	3.98B	4.1B	3.74B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	5M	5M	12M	6M	8M
Inventories - Others	105M	113M	130M	142M	151M
Land - (BS)	2.55B	2.09B	2.1B	2.1B	2.13B
Machinery, Total	4.34B	3.98B	3.3B	3.33B	3.47B
Accumulated Allowance for Doubtful Accounts (Supple)	-	1M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.43B	-720M	3.08B	3.94B	3.93B
Depreciation & Amortization - CF	1.1B	1.24B	1.16B	1.1B	1.08B
Amortization of Goodwill and Intangible Assets - (CF)	158M	134M	128M	126M	128M
Depreciation & Amortization, Total	1.25B	1.38B	1.29B	1.23B	1.21B
Amortization of Deferred Charges, Total - (CF)	42M	61M	70M	73M	55M
(Gain) Loss From Sale Of Asset	-6M	4M	-13M	-475M	-106M
Asset Writedown & Restructuring Costs	1.2B	2.16B	42M	-	-
(Income) Loss On Equity Investments - (CF)	235M	1.4B	187M	102M	136M
Other Operating Activities, Total	34M	35M	59M	24M	25M
Change In Accounts Receivable	17M	62M	-199M	14M	14M
Change In Inventories	-9M	-12M	-24M	-5M	-19M
Change In Accounts Payable	-59M	36M	193M	-33M	-40M
Change in Unearned Revenues	100M	112M	88M	108M	107M
Change in Other Net Operating Assets	-157M	6M	144M	37M	84M
Cash from Operations	4.08B	4.52B	4.91B	5.02B	5.4B
Capital Expenditure	-2.41B	-1.18B	-529M	-806M	-937M
Sale of Property, Plant, and Equipment	30M	56M	126M	84M	26M
Cash Acquisitions	6M	-	-	-28M	-246M
Investment in Marketable and Equity Securities, Total	-695M	-143M	-115M	-206M	-95M
Other Investing Activities, Total	4M	8M	-	-	-
Cash from Investing	-3.06B	-1.26B	-518M	-956M	-1.25B
Short Term Debt Issued, Total	9.31B	6.26B	8.49B	2.99B	-
Long-Term Debt Issued, Total	9.17B	6.81B	4.18B	3.38B	1.59B
Total Debt Issued	18.49B	13.07B	12.67B	6.37B	1.59B
Short Term Debt Repaid, Total	-8.72B	-6.86B	-7.04B	-4.44B	-
Long-Term Debt Repaid, Total	-7.92B	-6.41B	-5.82B	-2.2B	-1B
Total Debt Repaid	-16.64B	-13.27B	-12.86B	-6.64B	-1B
Issuance of Common Stock	74M	50M	45M	44M	31M
Repurchase of Common Stock	-	-33M	-630M	-491M	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-600M
Common Dividends Paid	-2.44B	-2.88B	-2.84B	-2.92B	-3.18B
Preferred Dividends Paid	-102M	-122M	-141M	-126M	-115M
Common & Preferred Stock Dividends Paid	-502M	-	-	-	-
Common & Preferred Stock Dividends Paid	-3.04B	-3.01B	-2.99B	-3.05B	-3.3B
Special Dividend Paid	-	-	-587M	-	-
Other Financing Activities, Total	32M	-72M	-41M	-71M	-58M
Cash from Financing	-1.09B	-3.26B	-4.4B	-3.84B	-3.34B
Net Change in Cash	-70M	-	-2M	225M	810M
Supplemental Items
Maintenance CAPEX	209M	115M	88M	144M	150M
Cash Interest Paid	836M	822M	812M	813M	893M
Cash Income Tax Paid (Refund)	1M	2M	4M	3M	7M
Levered Free Cash Flow	634M	1.03B	2.75B	2.59B	2.44B
Unlevered Free Cash Flow	1.13B	1.49B	3.17B	3.05B	2.95B
Change In Net Working Capital	-195M	822M	-87M	146M	16M
Net Debt Issued / Repaid	1.84B	-198M	-196M	-273M	588M

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
Unlevered Free Cash Flow Margin