Martin Midstream Partners L.P. (MMLP) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0530000
Cash and cash equivalents0530000
Receivables14151718231110
Inventory, net of allowances, customer advances and progress billings62546385978376
Inventory62546385978376
Derivative instruments and hedges, assets   0  1
Disposal group, including discontinued operation   61016 
Assets held-for-sale, not part of disposal group  5    
Other current assets13965536
Other undisclosed current assets855388791088176
Total current assets:174136181194243194168
Noncurrent Assets
Finance lease, right-of-use asset17 
Operating lease, right-of-use asset222224
Property, plant and equipment  417798832846983
Long-term investments and receivables    129145147
Long-term investments    129130132
Due from related parties     1515
Intangible assets, net (including goodwill)17171817171724
Goodwill17171817171724
Deferred income tax assets202223
Other noncurrent assets23 24334558
Other undisclosed noncurrent assets3453734    
Total noncurrent assets:4064444868391,0111,0521,213
TOTAL ASSETS:5805806671,0331,2531,2461,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10086948511997100
Accounts payable70526563937081
Accrued liabilities30342922262719
Debt0317    
Derivative instruments and hedges, liabilities 01 04 
Due to related parties2012386
Other undisclosed current liabilities2151412814
Total current liabilities:104119107102134118119
Noncurrent Liabilities
Long-term debt and lease obligation515500587656813808865
Long-term debt, excluding current maturities499485570656813808865
Finance lease, liability001
Operating lease, liability161517
Liabilities, other than long-term debt97911892
Other liabilities97911892
Derivative instruments and hedges, liabilities      0
Total noncurrent liabilities:524507596667821817867
Total liabilities:628627703769955934987
Stockholders' equity
Stockholders' equity attributable to parent1      
Accumulated other comprehensive income1      
Other undisclosed stockholders' equity(49)(47)(36)265298312394
Total stockholders' equity:(48)(47)(36)265298312394
TOTAL LIABILITIES AND EQUITY:5805806671,0331,2531,2461,380

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8826728479739468271,035
Revenue, net9468271,037
Cost of revenue(590)(418)(566)(799)(740)(629)(781)
Cost of goods and services sold(533)(357)(493)(685)(614)(472)(641)
Gross profit:293254281174206198254
Operating expenses(235)(225)(237)(128)(147)(159)(183)
Other operating income (expense), net(1)1215(0)133 
Other undisclosed operating income05     
Operating income:57475845607370
Nonoperating expense(54)(52)(52)(52)(42)(40)(32)
Interest and debt expense(0)(3)(4)(3)(3)(4)(5)
Income (loss) from continuing operations before equity method investments, income taxes:3(8)2(11)152933
Other undisclosed income from continuing operations before income taxes0343345
Income (loss) from continuing operations before income taxes:3(5)6(7)173238
Income tax expense(3)(2)(2)(0)(0)(1)(1)
Net income (loss):(0)(7)5(8)173237
Other undisclosed net income (loss) attributable to parent  (179)52  1
Net income (loss) available to common stockholders, diluted:(0)(7)(175)44173238

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(0)(7)5(8)173237
Comprehensive income (loss):(0)(7)5(8)173237
Other undisclosed comprehensive income, net of tax, attributable to parent1      
Comprehensive income (loss), net of tax, attributable to parent:1(7)5(8)173237

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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