MAGELLAN MIDSTREAM PARTNERS, L.P. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE WILLIAMS CENTER, MD 28-1 TULSA, OK 74172 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,400 | 2,000 | 8,100 | 4,600 | 4,600 | 2,000 | |||
| Cash and cash equivalents | 7,400 | 2,000 | 8,100 | 4,600 | 4,600 | 2,000 | |||
| Net investment in lease, before allowance for credit loss | 1,400 | 1,300 | |||||||
| Receivables | 160,200 | 219,900 | 179,100 | 140,300 | 129,800 | 135,200 | |||
| Inventory, net of allowances, customer advances and progress billings | 326,600 | 356,200 | 348,800 | 329,000 | 308,200 | 281,100 | |||
| Inventory | 326,600 | 356,200 | 348,800 | 329,000 | 308,200 | 281,100 | |||
| Derivative instruments and hedges, assets | 700 | 6,500 | 56,900 | 2,500 | 3,100 | 1,400 | |||
| Disposal group, including discontinued operation | 9,900 | 9,900 | 9,900 | 304,000 | 299,500 | ||||
| Other current assets | 39,900 | 56,800 | 70,100 | 58,100 | 35,700 | 43,100 | |||
| Other undisclosed current assets | 54,100 | 57,800 | 44,700 | 135,000 | 165,800 | 79,600 | |||
| Total current assets: | 598,800 | 710,500 | 717,600 | 669,500 | 951,200 | 843,200 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 142,900 | 149,400 | 155,700 | 162,100 | 168,300 | 174,200 | |||
| Property, plant and equipment | 5,820,600 | 5,830,300 | 5,851,900 | 5,870,100 | 5,886,500 | 5,904,700 | |||
| Long-term investments and receivables | 891,000 | 902,300 | 970,700 | 974,400 | 988,400 | 990,900 | |||
| Long-term investments | 882,100 | 894,000 | 961,900 | 965,100 | 978,600 | 980,800 | |||
| Accounts and financing receivable, after allowance for credit loss | 8,900 | 8,300 | 8,800 | 9,300 | 9,800 | 10,100 | |||
| Intangible assets, net (including goodwill) | 90,700 | 91,400 | 92,100 | 92,800 | 92,600 | 93,300 | |||
| Goodwill | 50,400 | 50,400 | 50,400 | 50,400 | 50,100 | 50,100 | |||
| Intangible assets, net (excluding goodwill) | 40,300 | 41,000 | 41,700 | 42,400 | 42,500 | 43,200 | |||
| Restricted cash and investments | 4,600 | 4,900 | 5,800 | 6,300 | 6,700 | 7,000 | |||
| Other noncurrent assets | 18,500 | 18,900 | 20,500 | 17,200 | 17,300 | 16,700 | |||
| Total noncurrent assets: | 6,968,300 | 6,997,200 | 7,096,700 | 7,122,900 | 7,159,800 | 7,186,800 | |||
| TOTAL ASSETS: | 7,567,100 | 7,707,700 | 7,814,300 | 7,792,400 | 8,111,000 | 8,030,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 388,600 | 480,300 | 611,400 | 568,600 | 320,200 | 414,400 | |||
| Taxes payable | ✕ | ✕ | ✕ | 81,100 | 63,600 | 51,700 | 76,500 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 67,700 | 58,000 | 43,900 | 74,900 | ||
| Accounts payable | 126,900 | 108,200 | 134,400 | 138,800 | 98,000 | 109,500 | |||
| Accrued liabilities | 261,700 | 372,100 | 328,200 | 308,200 | 126,600 | 153,500 | |||
| Deferred revenue | 109,600 | 103,900 | 102,200 | 85,900 | 106,400 | 92,500 | |||
| Derivative instruments and hedges, liabilities | 4,300 | 15,400 | 35,800 | 35,000 | 50,500 | 18,600 | |||
| Disposal group, including discontinued operation | 23,500 | 15,800 | |||||||
| Other liabilities | 34,500 | 35,900 | 35,400 | 31,100 | 54,500 | 53,500 | |||
| Other undisclosed current liabilities | 81,100 | 90,000 | (68,000) | (31,800) | 80,700 | 84,800 | |||
| Total current liabilities: | 618,100 | 725,500 | 716,800 | 688,800 | 635,800 | 679,600 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,983,500 | 5,015,000 | 5,132,700 | 5,135,200 | 5,455,700 | 5,236,100 | |||
| Long-term debt, excluding current maturities | 4,983,500 | 5,015,000 | 5,011,400 | 5,000,900 | 5,317,200 | 5,088,800 | |||
| Liabilities, other than long-term debt | 284,100 | 282,300 | 213,900 | 209,000 | 222,200 | 218,200 | |||
| Liability, pension and other postretirement and postemployment benefits | 91,300 | 87,400 | 129,700 | 140,000 | 145,800 | 145,000 | |||
| Disposal group, including discontinued operation, liabilities | 5,400 | 3,700 | |||||||
| Other liabilities | 80,500 | 78,000 | 84,200 | 69,000 | 71,000 | 69,500 | |||
| Operating lease, liability | 112,300 | 116,900 | 121,300 | 134,300 | 138,500 | 147,300 | |||
| Total noncurrent liabilities: | 5,267,600 | 5,297,300 | 5,346,600 | 5,344,200 | 5,677,900 | 5,454,300 | |||
| Total liabilities: | 5,885,700 | 6,022,800 | 6,063,400 | 6,033,000 | 6,313,700 | 6,133,900 | |||
| Equity | |||||||||
| Equity, attributable to parent | (92,600) | (93,900) | (141,200) | (149,800) | (152,900) | (155,000) | |||
| Accumulated other comprehensive loss | (92,600) | (93,900) | (141,200) | (149,800) | (152,900) | (155,000) | |||
| Total equity: | (92,600) | (93,900) | (141,200) | (149,800) | (152,900) | (155,000) | |||
| Other undisclosed liabilities and equity | 1,774,000 | 1,778,800 | 1,892,100 | 1,909,200 | 1,950,200 | 2,051,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,567,100 | 7,707,700 | 7,814,300 | 7,792,400 | 8,111,000 | 8,030,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 869,700 | 861,000 | 876,100 | 788,600 | 674,700 | 809,329 | ||
| Cost of revenue | (509,800) | (593,100) | (464,700) | (521,200) | (425,300) | (497,775) | ||
| Cost of goods and services sold | (454,000) | (406,800) | (462,400) | (367,600) | ||||
| Gross profit: | 359,900 | 267,900 | 411,400 | 267,400 | 249,400 | 311,554 | ||
| Operating expenses | (60,400) | (63,000) | (58,000) | (56,900) | (62,800) | (57,629) | ||
| Other operating income (expense), net | 5,800 | 3,100 | 1,200 | 3,000 | (2,000) | (1,233) | ||
| Other undisclosed operating income | 26,200 | 43,700 | 41,800 | 26,500 | 35,400 | 38,293 | ||
| Operating income: | 331,500 | 251,700 | 396,400 | 240,000 | 220,000 | 290,985 | ||
| Nonoperating income (expense) | 400 | (7,800) | (10,400) | (400) | (500) | (2,728) | ||
| Investment income, nonoperating | 1,000 | 600 | 300 | 200 | 100 | 61 | ||
| Other nonoperating expense | (600) | (8,400) | (10,700) | (600) | (600) | (2,789) | ||
| Interest and debt expense | (57,700) | (57,400) | (57,300) | (57,800) | (57,300) | (57,124) | ||
| Income from continuing operations before equity method investments, income taxes: | 274,200 | 186,500 | 328,700 | 181,800 | 162,200 | 231,133 | ||
| Other undisclosed income from continuing operations before income taxes | 600 | 1,200 | 600 | 300 | 600 | 2,527 | ||
| Income from continuing operations before income taxes: | 274,800 | 187,700 | 329,300 | 182,100 | 162,800 | 233,660 | ||
| Income tax expense | (900) | (700) | (900) | (300) | (800) | (256) | ||
| Income from continuing operations: | 273,900 | 187,000 | 328,400 | 181,800 | 162,000 | 233,404 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 330,000 | 353,900 | 165,500 | 243,666 | |
| Income from discontinued operations | 1,600 | 172,100 | 3,500 | 10,262 | ||||
| Net income available to common stockholders, diluted: | 273,900 | 187,000 | 330,000 | 353,900 | 165,500 | 243,666 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 273,900 | 187,000 | 330,000 | 353,900 | 165,500 | 243,666 | ||
| Other undisclosed comprehensive income | 61,100 | 28,200 | ||||||
| Comprehensive income: | 273,900 | 248,100 | 330,000 | 353,900 | 165,500 | 271,866 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,300 | (13,800) | 8,600 | 3,100 | 2,100 | (20,614) | ||
| Comprehensive income, net of tax, attributable to parent: | 275,200 | 234,300 | 338,600 | 357,000 | 167,600 | 251,252 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.