Magellan Midstream Partners L.P. Limited Partnership (MMP) financial statements (2022 and earlier)

Company profile

Business Address ONE WILLIAMS CENTER, MD 28-1
TULSA, OK 74172
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21325841393
Cash and cash equivalents21325841393
Net investment in lease1   1  
Receivables135134134143109126122
Inventory, net of allowances, customer advances and progress billings281223217213167129116
Inventory281223217213167129116
Derivative instruments and hedges, assets14     
Disposal group, including discontinued operation300299291    
Other current assets43453943443632
Other undisclosed current assets80818475704244
Total current assets:8437991,022478405341317
Noncurrent Assets
Operating lease, right-of-use asset174180187194166152159
Property, plant and equipment5,9055,9325,9396,2266,2626,2836,272
Long-term investments and receivables9911,0161,0241,2251,2371,2331,229
Long-term investments9819931,0031,2031,2141,2111,208
Accounts and financing receivable, after allowance for credit loss10232122232222
Intangible assets, net (including goodwill)93939497989899
Goodwill50505053535353
Intangible assets, net (excluding goodwill)43434444454647
Restricted cash and investments78899126
Other noncurrent assets17181818202122
Total noncurrent assets:7,1877,2477,2707,7707,7927,7997,788
TOTAL ASSETS:8,0308,0478,2938,2488,1978,1408,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities414378361329300310265
Accounts payable110129123102100125120
Accrued liabilities154117129138797953
Employee-related liabilities75635840524041
Taxes payable77695248686552
Deferred revenue93102102999992106
Debt      27
Derivative instruments and hedges, liabilities1922182122314
Disposal group, including discontinued operation161610    
Other liabilities54646736515054
Other undisclosed current liabilities85768577877756
Total current liabilities:680657642561559532521
Noncurrent Liabilities
Long-term debt and lease obligation5,2365,2555,1445,1655,1165,0224,927
Long-term debt, excluding current maturities5,0895,1034,9804,9964,9794,9004,793
Operating lease, liability147152165169137122134
Liabilities, other than long-term debt218225223225218198202
Liability, pension and other postretirement and postemployment benefits145152152165164142143
Disposal group, including discontinued operation, liabilities442    
Other liabilities70696860555659
Total noncurrent liabilities:5,4545,4805,3675,3905,3355,2205,129
Total liabilities:6,1346,1376,0095,9515,8935,7525,650
Stockholders' equity
Stockholders' equity attributable to parent(155)(163)(166)(181)(183)(163)(166)
Accumulated other comprehensive loss(155)(163)(166)(181)(183)(163)(166)
Total stockholders' equity:(155)(163)(166)(181)(183)(163)(166)
Other undisclosed liabilities and equity2,0512,0722,4502,4782,4872,5522,620
TOTAL LIABILITIES AND EQUITY:8,0308,0478,2938,2488,1978,1408,105

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues809639654661586598460
Cost of revenue(498)(354)(373)(374)(326)(330)(255)
Cost of goods and services sold (292)(321)(315)(262)(258)(197)
Gross profit:312285280287260268205
Operating expenses(58)(47)(56)(47)(56)(38)(42)
Other operating income (expense), net(1)32(0)(0)(3)4
Other undisclosed operating income38364139373934
Operating income:291278267279240267201
Nonoperating expense(3)(2)(15)(1)(1)(1)(1)
Investment income, nonoperating0000000
Other nonoperating expense(3)(2)(15)(1)(1)(1)(1)
Interest and debt expense(57)(57)(57)(57)(55)(54)(69)
Income from continuing operations before equity method investments, income taxes:231219195222184211130
Other undisclosed income from continuing operations before income taxes34701114
Income from continuing operations before income taxes:234222265222185212134
Income tax expense(0)(1)(0)(1)(1)(1)(1)
Income from continuing operations:233221265221184212134
Income from discontinued operations101516    
Net income available to common stockholders, diluted:244237280221184212134

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:244237280221184212134
Other undisclosed comprehensive income28      
Comprehensive income:272237280221184212134
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(21)4153(20)24
Comprehensive income, net of tax, attributable to parent:251240295224164214138

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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