MPLX LP (MPLX) financial statements (2021 and earlier)

Company profile

Business Address 200 E. HARDIN STREET
FINDLAY, OH 45840
State of Incorp.
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154179368373
Cash and cash equivalents154179368373
Receivables593570335365706770657
Inventory, net of allowances, customer advances and progress billings1101047774778173
Inventory1101047774778173
Other current assets110653434463741
Other undisclosed current assets656660333386   
Total current assets:1,4841,440786952897925774
Noncurrent Assets
Operating lease, right-of-use asset365366255 
Property, plant and equipment22,14521,89215,02114,81614,63914,27113,642
Long-term investments and receivables5,2755,1824,4094,2704,1984,1274,064
Long-term investments5,2755,1824,4094,2704,1744,1044,042
Due from related parties    242322
Intangible assets, net (including goodwill)10,80612,0442,9862,9953,0103,0202,895
Goodwill9,53610,7352,5812,5812,5862,5862,460
Intangible assets, net (excluding goodwill)1,2701,309405414424434435
Regulated entity, other noncurrent assets1061099596   
Other noncurrent assets52553633353637
Other undisclosed noncurrent assets197193158422   
Total noncurrent assets:38,94639,84122,96022,63221,88221,45420,638
TOTAL ASSETS:40,43041,28123,74623,58422,77922,37921,412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities429381282299412146172
Accounts payable242196134110162146172
Accrued liabilities187185148189250  
Debt951061111
Due to related parties    203165273
Other liabilities136656957583665610
Other undisclosed current liabilities1,558685665654487227223
Total current liabilities:2,1322,2321,0481,0291,1861,2041,279
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,70419,19014,03013,83213,39212,88911,874
Operating lease, liability302309209 
Other undisclosed long-term debt and lease obligation19,40218,88113,82113,83213,39212,88911,874
Liabilities, other than long-term debt21718910812131311
Deferred revenue217189108 
Deferred tax liabilities, net12131311
Other undisclosed noncurrent liabilities796810686778320317293
Total noncurrent liabilities:20,71720,18914,82414,62213,72513,21912,178
Total liabilities:22,84922,42115,87215,65114,91114,42313,457
Temporary equity, carrying amount9689681,0051,0041,0041,0031,003
Stockholders' equity
Stockholders' equity attributable to parent(15)(15)(15)(15)(16)(16)(16)
Accumulated other comprehensive loss(15)(15)(15)(15)(16)(16)(16)
Other undisclosed stockholders' equity16,62817,9076,8846,9446,8806,9696,968
Total stockholders' equity:16,61317,8926,8696,9296,8646,9536,952
TOTAL LIABILITIES AND EQUITY:40,43041,28123,74623,58422,77922,37921,412

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,3162,2801,6291,6461,7151,7121,578
Cost of revenue(2,662)(1,354)(970)(968)(1,049)(1,040)(970)
Gross profit:(346)926659678666672608
Operating income (loss):(346)926659678666672608
Nonoperating expense
(Other Nonoperating expense)
(15)(16)(13)(14)(73)(17)(15)
Interest and debt expense(13)  (13)(14)  
Income (loss) from continuing operations before equity method investments, income taxes:(374)910646651579655593
Other undisclosed loss from continuing operations before income taxes(201)(217)(157)(144)(140)(136)(136)
Income (loss) from continuing operations before income taxes:(575)693489507439519457
Income tax expense (benefit)2(4)(1)2 (3)(1)
Net income (loss):(573)689488509439516456
Net loss attributable to noncontrolling interest(8)(8)(6)(6)(5)(6)(3)
Other undisclosed net loss attributable to parent (52)     
Net income (loss) attributable to parent:(581)629482503434510453
Undistributed earnings (loss) allocated to participating securities, basic1,328105252401001664
Net income available to common stockholders, diluted:747734734543534526517

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(573)689488509439516456
Other comprehensive income   1   
Comprehensive income (loss):(573)689488510439516456
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(8)(6)(6)(5)(6)(3)
Other undisclosed comprehensive loss, net of tax, attributable to parent (52)     
Comprehensive income (loss), net of tax, attributable to parent:(581)629482504434510453

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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