Martin Midstream Partners L.P. (MMLP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5300000
Cash and cash equivalents5300000
Receivables15171823111013
Inventory, net of allowances, customer advances and progress billings54638597837689
Inventory54638597837689
Derivative instruments and hedges, assets  0  1 
Disposal group, including discontinued operation  61016 40
Assets held-for-sale, not part of disposal group 5    
Other current assets9655367
Other undisclosed current assets5388791088176139
Total current assets:136181194243194168288
Noncurrent Assets
Finance lease, right-of-use asset7 
Operating lease, right-of-use asset2224
Property, plant and equipment 417798832846983998
Long-term investments and receivables   129145147150
Long-term investments   129130132135
Due from related parties    151515
Intangible assets, net (including goodwill)17181717172424
Goodwill17181717172424
Intangible assets, net (excluding goodwill)      (0)
Deferred costs      13
Deferred income tax assets2223
Other noncurrent assets3 24334558 
Other undisclosed noncurrent assets3734    81
Total noncurrent assets:4444868391,0111,0521,2131,266
TOTAL ASSETS:5806671,0331,2531,2461,3801,554
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities86948511997100169
Accounts payable526563937081125
Accrued liabilities34292226271922
Employee-related liabilities      3
Taxes payable      8
Interest and dividends payable      11
Debt317     
Derivative instruments and hedges, liabilities01 04  
Due to related parties0123865
Other undisclosed current liabilities151412814(10)
Total current liabilities:119107102134118119164
Noncurrent Liabilities
Long-term debt and lease obligation500587656813808865902
Long-term debt, excluding current maturities485570656813808865902
Finance lease, liability01
Operating lease, liability1517
Liabilities, other than long-term debt79118923
Other liabilities79118923
Derivative instruments and hedges, liabilities     0 
Total noncurrent liabilities:507596667821817867905
Total liabilities:6277037699559349871,068
Stockholders' equity
Other undisclosed stockholders' equity(47)(36)265298312394486
Total stockholders' equity:(47)(36)265298312394486
TOTAL LIABILITIES AND EQUITY:5806671,0331,2531,2461,3801,554

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6728479739468271,0351,653
Revenue, net9468271,0371,642
Cost of revenue(418)(566)(799)(740)(629)(781)(1,389)
Cost of goods and services sold(357)(493)(685)(614)(472)(641)(1,281)
Gross profit:254281174206198254264
Operating expenses(225)(237)(128)(147)(159)(183)(184)
Other operating income (expense), net1215(0)133  
Other undisclosed operating income (loss)5     (12)
Operating income:47584560737068
Nonoperating expense(52)(52)(52)(42)(40)(32)(73)
Interest and debt expense(3)(4)(3)(3)(4)(5)(45)
Income (loss) from continuing operations before equity method investments, income taxes:(8)2(11)152933(51)
Income from equity method investments      5
Other undisclosed income from continuing operations before income taxes34334540
Income (loss) from continuing operations before income taxes:(5)6(7)173238(5)
Income tax expense(2)(2)(0)(0)(1)(1)(1)
Net income (loss):(7)5(8)173237(6)
Other undisclosed net income (loss) attributable to parent (179)52  1 
Net income (loss) available to common stockholders, diluted:(7)(175)44173238(6)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(7)5(8)173237(6)
Comprehensive income (loss):(7)5(8)173237(6)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5)
Comprehensive income (loss), net of tax, attributable to parent:(7)5(8)173237(12)

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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