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)

12/31/2020
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 investments15156852344327
Cash and cash equivalents15156852344327
Restricted cash and investments      4
Receivables45259370645241933251
Inventory, net of allowances, customer advances and progress billings1181107765544912
Inventory1181107765544912
Disposal group, including discontinued operation188      
Other current assets65110463733507
Other undisclosed current assets677656    (4)
Total current assets:1,5151,48489755974047497
Noncurrent Assets
Operating lease, right-of-use asset309365
Property, plant and equipment21,21822,14514,63912,18710,7309,6831,009
Long-term investments and receivables4,0365,2754,1984,0302,4712,483 
Long-term investments4,0365,2754,1744,0102,4672,458 
Due from related parties  2420425 
Intangible assets, net (including goodwill)8,61610,8063,0102,6982,6913,025105
Goodwill7,6579,5362,5862,2452,1992,559105
Intangible assets, net (excluding goodwill)9591,270424453492466 
Regulated entity, other noncurrent assets116106     
Other noncurrent assets4852352614124
Other undisclosed noncurrent assets556197     
Total noncurrent assets:34,89938,94621,88218,94115,90615,2031,117
TOTAL ASSETS:36,41440,43022,77919,50016,64615,6771,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34642941242038430147
Accounts payable1522421621511238942
Accrued liabilities194187250231228186 
Taxes payable   3833265
Debt764911111
Due to related parties  203516754720
Disposal group, including discontinued operation101      
Deferred revenue and credits52  
Other liabilities150136833824122
Other undisclosed current liabilities7251,55848732421825131
Total current liabilities:2,0862,1321,1861,304704612101
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,37519,70413,3926,9454,4225,255644
Operating lease, liability244302
Other undisclosed long-term debt and lease obligation19,13119,40213,3926,9454,4225,255644
Liabilities, other than long-term debt326217134717381 
Deferred revenue and credits42124 
Deferred revenue314217
Deferred tax liabilities, net1355377 
Deferred income tax liabilities12 
Other undisclosed noncurrent liabilities6427963202311841756
Total noncurrent liabilities:20,34320,71713,7257,2234,6235,811650
Total liabilities:22,42922,84914,9118,5275,3276,423751
Temporary equity, carrying amount9689681,0041,0001,000  
Stockholders' equity
Stockholders' equity attributable to parent, including:(15)(15)(16)  9,254464
Accumulated other comprehensive loss(15)(15)(16)    
Other undisclosed stockholders' equity attributable to parent     9,254464
Other undisclosed stockholders' equity13,03216,6286,8809,97310,319  
Total stockholders' equity:13,01716,6136,8649,97310,3199,254464
TOTAL LIABILITIES AND EQUITY:36,41440,43022,77919,50016,64615,6771,215

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
Revenues7,5699,0416,4253,8672,590703548
Revenue, net2,3221,828186520
Cost of revenue(4,778)(6,664)(3,922)(2,435)(1,760)(393)(300)
Cost of goods and services sold   (1,179)(802)(192)(145)
Gross profit:2,7912,3772,5031,432830310248
Operating expenses(2,580)  (241)(323)(104)(65)
Operating income:2112,3772,5031,191507206183
Nonoperating expense
(Other Nonoperating expense)
(62)(53)(122)(56)(50)(12) 
Interest and debt expense(61)(42)(59)(53)(46) (5)
Income from continuing operations before equity method investments, income taxes:882,2822,3221,082411194178
Other undisclosed loss from continuing operations before income taxes(773)(820)(480)(245)(165)(35) 
Income (loss) from continuing operations before income taxes:(685)1,4621,842837246159178
Income tax expense (benefit)(2) (8)(1)12(2)0
Net income (loss):(687)1,4621,834836258157178
Net loss attributable to noncontrolling interest(33)(28)(16)(6)(2)(1)(57)
Other undisclosed net loss attributable to parent (401) (36)(23)  
Net income (loss) attributable to parent:(720)1,0331,818794233156121
Undistributed earnings (loss) allocated to participating securities, basic3,7141,725242494
Net income available to common stockholders, diluted:2,9942,7582,0601,288233156121

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):(687)1,4621,834836258157178
Other comprehensive income (loss) 1(2)    
Comprehensive income (loss):(687)1,4631,832836258157178
Comprehensive loss, net of tax, attributable to noncontrolling interest(33)(28)(16)(6)(2)(1)(57)
Other undisclosed comprehensive loss, net of tax, attributable to parent (401)     
Comprehensive income (loss), net of tax, attributable to parent:(720)1,0341,816830256156121

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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