Martin Midstream Partners L.P. (MMLP) financial statements (2020 and earlier)

Company profile

Business Address 4200 STONE ROAD
KILGORE, TX 75662
State of Incorp. DE
Fiscal Year End December 31
SIC 5171 - Petroleum Bulk stations and Terminals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30000017
Cash and cash equivalents30000017
Receivables171823111013161
Inventory, net of allowances, customer advances and progress billings63859783768995
Inventory63859783768995
Derivative instruments and hedges, assets 0  1  
Disposal group, including discontinued operation 61016 40 
Assets held-for-sale, not part of disposal group5    
Other current assets6553677
Other undisclosed current assets8879108817613917
Total current assets:181194243194168288297
Noncurrent Assets
Operating lease, right-of-use asset24
Property, plant and equipment417798832846983998624
Long-term investments and receivables  129145147150129
Long-term investments  129130132135129
Due from related parties   151515 
Intangible assets, net (including goodwill)18171717242421
Goodwill18171717242424
Intangible assets, net (excluding goodwill)     (0)(2)
Deferred costs     1316
Deferred income tax assets23
Other noncurrent assets 24334558 8
Other undisclosed noncurrent assets4    812
Total noncurrent assets:4868391,0111,0521,2131,266800
TOTAL ASSETS:6671,0331,2531,2461,3801,5541,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities948511997100169152
Accounts payable6563937081125143
Accrued liabilities292226271922 
Employee-related liabilities     32
Taxes payable     87
Interest and dividends payable     11 
Debt7      
Derivative instruments and hedges, liabilities1 04   
Due to related parties123865 
Other undisclosed current liabilities51412814(10)25
Total current liabilities:107102134118119164177
Noncurrent Liabilities
Long-term debt and lease obligation, including:587656813808865902659
Long-term debt, excluding current maturities570656813808865902 
Finance lease, liability1
Operating lease, liability17
Other undisclosed long-term debt and lease obligation      659
Liabilities, other than long-term debt91189232
Other liabilities91189232
Derivative instruments and hedges, liabilities    0  
Total noncurrent liabilities:596667821817867905661
Total liabilities:7037699559349871,068838
Stockholders' equity
Other undisclosed stockholders' equity(36)265298312394486260
Total stockholders' equity:(36)265298312394486260
TOTAL LIABILITIES AND EQUITY:6671,0331,2531,2461,3801,5541,098

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8479739468271,0351,6531,642
Revenue, net9468271,0371,6421,634
Cost of revenue(566)(799)(740)(629)(781)(1,389)(1,380)
Cost of goods and services sold(493)(685)(614)(472)(641)(1,281)(1,298)
Gross profit:281174206198254264262
Operating expenses(237)(128)(147)(159)(183)(184)(172)
Other operating income (expense), net15(0)133   
Other undisclosed operating loss     (12)(8)
Operating income:58456073706883
Nonoperating expense(52)(52)(42)(40)(32)(73)(95)
Interest and debt expense(4)(3)(3)(4)(5)(45)(43)
Income (loss) from continuing operations before equity method investments, income taxes:2(11)152933(51)(56)
Income (loss) from equity method investments     5(53)
Other undisclosed income from continuing operations before income taxes433454096
Income (loss) from continuing operations before income taxes:6(7)173238(5)(13)
Income tax expense(2)(0)(0)(1)(1)(1)(1)
Net income (loss):5(8)173237(6)(13)
Other undisclosed net income (loss) attributable to parent(179)52  1  
Net income (loss) available to common stockholders, diluted:(175)44173238(6)(13)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):5(8)173237(6)(13)
Comprehensive income (loss):5(8)173237(6)(13)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (5) 
Comprehensive income (loss), net of tax, attributable to parent:5(8)173237(12)(13)

Statements sources

The financial statements are based on the company's filings with the 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.

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