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)
Annual | Quarterly

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 investments213582181761529
Cash and cash equivalents213582181761529
Net investment in lease111✕✕✕✕
Receivables13510912510413910697
Inventory, net of allowances, customer advances and progress billings281167184186182134131
Inventory281167184186182134131
Derivative instruments and hedges, assets1  55  39
Disposal group, including discontinued operation300      
Other current assets43444058634043
Other undisclosed current assets807050255176 
Total current assets:843405459646612370339
Noncurrent Assets
Inventory, Noncurrent      28
Operating lease, right-of-use asset174166172✕✕✕✕
Net investment in lease  12✕✕✕✕
Property, plant and equipment5,9056,2626,4045,7985,5535,2764,819
Long-term investments and receivables, including:9911,2372121282420
Long-term investments9811,2141,2411,0761,083931766
Accounts and financing receivable, after allowance for credit loss1023     
Other undisclosed long-term investments and receivables  (1,220)(1,055)(1,055)(907)(745)
Intangible assets, net (including goodwill)939810110410610555
Goodwill50535353535353
Intangible assets, net (excluding goodwill)4345485153522
Restricted cash and investments792791   
Other noncurrent assets17201310136615
Other undisclosed noncurrent assets  1,2291,0761,083931766
Total noncurrent assets:7,1877,7927,9787,1016,7836,4025,703
TOTAL ASSETS:8,0308,1978,4387,7487,3946,7726,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities414300383338309225239
Accounts payable11010015113910577104
Accrued liabilities154799175965231
Employee-related liabilities75527670564652
Taxes payable77686653515052
Deferred revenue9399110✕✕✕✕
Debt  2659251 250
Derivative instruments and hedges, liabilities192210 2631 
Accrued environmental loss contingencies   961016
Disposal group, including discontinued operation16      
Deferred revenue and credits✕✕✕✕11810282
Other liabilities54517349574851
Other undisclosed current liabilities858764222716676
Total current liabilities:680559667677837482713
Noncurrent Liabilities
Long-term debt and lease obligation5,2365,1164,8504,2114,2744,0873,189
Long-term debt, excluding current maturities5,0894,9794,7064,2114,2744,0873,189
Operating lease, liability147137144✕✕✕✕
Liabilities, other than long-term debt218218206216155111117
Liability, pension and other postretirement and postemployment benefits1451641461231117178
Accrued environmental loss contingencies   11131416
Disposal group, including discontinued operation, liabilities4      
Other liabilities70556082302624
Total noncurrent liabilities:5,4545,3355,0564,4284,4284,1983,307
Total liabilities:6,1345,8935,7235,1045,2654,6804,020
Stockholders' equity
Stockholders' equity attributable to parent(155)(183)(162)(120)(138)(101)(96)
Accumulated other comprehensive loss(155)(183)(162)(120)(138)(101)(96)
Total stockholders' equity:(155)(183)(162)(120)(138)(101)(96)
Other undisclosed liabilities and equity2,0512,4872,8772,7642,2672,1932,118
TOTAL LIABILITIES AND EQUITY:8,0308,1978,4387,7487,3946,7726,042

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,7332,4282,7282,8272,5082,2052,188
Revenue, net✕✕✕✕2,5082,2052,188
Cost of revenue(1,578)(1,374)(1,499)(1,619)(1,410)(1,201)(1,140)
Cost of goods and services sold(1,578)(1,115)(619)(704)(1,214)(1,023)(973)
Gross profit:1,1561,0541,2281,2081,0971,0041,048
Operating expenses(206)(173)(197)(194)(166)(148)(151)
Other operating income, net303    
Other undisclosed operating income1541531691811217966
Operating income:1,1061,0341,2041,1951,053935964
Nonoperating income (expense)(20)(4)(9)(11)(3)382
Investment income, nonoperating11331301
Other nonoperating income (expense)(21)(5)(12)(14)(4)81
Interest and debt expense(228)(234)(221)(221)(211)(194)(159)
Income from continuing operations before equity method investments, income taxes:858796974963839779807
Income from equity method investments     7966
Other undisclosed income from continuing operations before income taxes77244837134  
Income from continuing operations before income taxes:9358201,0221,334873857873
Income tax expense(2)(3)(1)(0)(4)  
Income from continuing operations:9328171,0211,334870857873
Income from discontinued operations50      
Net income available to common stockholders, diluted:9828171,0211,334870857873

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:9828171,0211,334870857873
Other comprehensive income28      
Comprehensive income:1,0108171,0211,334870857873
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (21)(42)17(36)(59)(69)
Comprehensive income, net of tax, attributable to parent:1,0107969791,351833798804

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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