Magellan Midstream Partners L.P. (MMP) financial statements (2021 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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5821817615291725
Cash and cash equivalents5821817615291725
Net investment in lease1✕✕✕✕✕✕
Receivables12510413910697100123
Inventory, net of allowances, customer advances and progress billings184186182134131158✕
Inventory184186182134131158 
Derivative instruments and hedges, assets 55  3987 
Other current assets40586340433447
Other undisclosed current assets50255176 6202
Total current assets:459646612370339403397
Noncurrent Assets
Inventory, Noncurrent    284362
Operating lease, right-of-use asset172✕✕✕✕✕✕
Net investment in lease12✕✕✕✕✕✕
Property, plant and equipment6,4045,7985,5535,2764,8194,3293,916
Long-term investments and receivables, including:2121282420293
Long-term investments1,2411,0761,083931766614361
Other undisclosed long-term investments and receivables(1,220)(1,055)(1,055)(907)(745)(585)(358)
Intangible assets, net (including goodwill)101104106105555861
Goodwill53535353535353
Intangible assets, net (excluding goodwill)48515352257
Restricted cash and investments2791     
Deferred costs     1818
Other noncurrent assets1310136615244
Other undisclosed noncurrent assets1,2291,0761,083931766614361
Total noncurrent assets:7,9787,1016,7836,4025,7035,1154,424
TOTAL ASSETS:8,4387,7487,3946,7726,0425,5174,821
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities383338309225239238157
Accounts payable151139105771049776
Accrued liabilities917596523144 
Employee-related liabilities76705646524842
Taxes payable66535150524839
Deferred revenue110✕✕✕✕✕✕
Debt2659251 250 250
Derivative instruments and hedges, liabilities10 2631 57
Accrued environmental loss contingencies 9610161112
Deferred revenue and credits✕✕118102827163
Other liabilities73495748518141
Other undisclosed current liabilities64222716676130108
Total current liabilities:667677837482713536638
Noncurrent Liabilities
Long-term debt and lease obligation4,8504,2114,2744,0873,1892,9832,435
Long-term debt, excluding current maturities4,7064,2114,2744,0873,1892,9832,435
Operating lease, liability144✕✕✕✕✕✕
Liabilities, other than long-term debt206216155111117130100
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕52
Liability, pension and other postretirement and postemployment benefits146123111717875✕
Accrued environmental loss contingencies 111314162626
Other liabilities60823026242922
Total noncurrent liabilities:5,0564,4284,4284,1983,3073,1132,535
Total liabilities:5,7235,1045,2654,6804,0203,6493,173
Stockholders' equity
Stockholders' equity attributable to parent(162)(120)(138)(101)(96)(82)(20)
Accumulated other comprehensive loss(162)(120)(138)(101)(96)(82)(20)
Total stockholders' equity:(162)(120)(138)(101)(96)(82)(20)
Other undisclosed liabilities and equity2,8772,7642,2672,1932,1181,9501,667
TOTAL LIABILITIES AND EQUITY:8,4387,7487,3946,7726,0425,5174,821

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,7282,8272,5082,2052,1882,3041,898
Revenue, net✕✕2,5082,2052,1882,3041,898
Cost of revenue(1,499)(1,619)(1,410)(1,201)(1,140)(1,176)(1,058)
Cost of goods and services sold(619)(704)(1,214)(1,023)(973)(1,078)(924)
Gross profit:1,2281,2081,0971,0041,0481,127840
Operating expenses(197)(194)(166)(148)(151)(173)(141)
Other operating income, net3      
Other undisclosed operating income1691811217966196
Operating income:1,2041,1951,053935964974705
Nonoperating income (expense)(9)(11)(3)382(7)0
Investment income, nonoperating33130120
Other nonoperating income (expense)(12)(14)(4)81(9) 
Interest and debt expense(221)(221)(211)(194)(159)(146)(133)
Income from continuing operations before equity method investments, income taxes:974963839779807821573
Income from equity method investments   7966196
Other undisclosed income from continuing operations before income taxes4837134    
Income from continuing operations before income taxes:1,0221,334873857873841579
Income tax expense(1)(0)(4)    
Other undisclosed income from continuing operations      8
Net income available to common stockholders, diluted:1,0211,334870857873841587

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,0211,334870857873841587
Other comprehensive income      16
Other undisclosed comprehensive loss      (5)
Comprehensive income:1,0211,334870857873841598
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(42)17(36)(59)(69)(63) 
Comprehensive income, net of tax, attributable to parent:9791,351833798804777598

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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