MPLX LP (MPLX) financial statements (2020 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)

12/31/2019
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 investments15685234432754
Cash and cash equivalents15685234432754
Restricted cash and investments     4 
Receivables5937064524193325112
Inventory, net of allowances, customer advances and progress billings1107765544912
Inventory1107765544912 
Other current assets1104637335079
Other undisclosed current assets656    (4)60
Total current assets:1,48489755974047497135
Noncurrent Assets
Operating lease, right-of-use asset365
Property, plant and equipment22,14514,63912,18710,7309,6831,009967
Long-term investments and receivables5,2754,1984,0302,4712,483  
Long-term investments5,2754,1744,0102,4672,458  
Due from related parties 2420425  
Intangible assets, net (including goodwill)10,8063,0102,6982,6913,025105105
Goodwill9,5362,5862,2452,1992,559105105
Intangible assets, net (excluding goodwill)1,270424453492466  
Regulated entity, other noncurrent assets106      
Other noncurrent assets523526141242
Other undisclosed noncurrent assets197      
Total noncurrent assets:38,94621,88218,94115,90615,2031,1171,073
TOTAL ASSETS:40,43022,77919,50016,64615,6771,2151,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4294124203843014735
Accounts payable242162151123894231
Accrued liabilities187250231228186  
Taxes payable  38332654
Debt9111111
Due to related parties 20351675472013
Deferred revenue and credits52   
Other liabilities1368338241221
Other undisclosed current liabilities1,5584873242182513134
Total current liabilities:2,1321,1861,30470461210183
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,70413,3926,9454,4225,25564410
Operating lease, liability302
Other undisclosed long-term debt and lease obligation19,40213,3926,9454,4225,25564410
Liabilities, other than long-term debt217134717381  
Deferred revenue and credits42124  
Deferred revenue217
Deferred tax liabilities, net1355377  
Other undisclosed noncurrent liabilities79632023118417561
Total noncurrent liabilities:20,71713,7257,2234,6235,81165011
Total liabilities:22,84914,9118,5275,3276,42375194
Temporary equity, carrying amount9681,0041,0001,000   
Stockholders' equity
Stockholders' equity attributable to parent, including:(15)(16)  9,2544641,114
Accumulated other comprehensive loss(15)(16)     
Other undisclosed stockholders' equity attributable to parent    9,2544641,114
Other undisclosed stockholders' equity16,6286,8809,97310,319   
Total stockholders' equity:16,6136,8649,97310,3199,2544641,114
TOTAL LIABILITIES AND EQUITY:40,43022,77919,50016,64615,6771,2151,209

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,0416,4253,8672,590703548463
Revenue, net2,3221,828186520463
Cost of revenue(6,664)(3,922)(2,435)(1,760)(393)(300)(286)
Cost of goods and services sold  (1,179)(802)(192)(145)(136)
Gross profit:2,3772,5031,432830310248178
Operating expenses  (241)(323)(104)(65)(54)
Operating income:2,3772,5031,191507206183124
Nonoperating expense
(Other Nonoperating expense)
(53)(122)(56)(50)(12)  
Interest and debt expense(42)(59)(53)(46) (5)(1)
Income from continuing operations before equity method investments, income taxes:2,2822,3221,082411194178123
Other undisclosed income (loss) from continuing operations before income taxes(820)(480)(245)(165)(35) 23
Income from continuing operations before income taxes:1,4621,842837246159178146
Income tax expense (benefit) (8)(1)12(2)00
Net income:1,4621,834836258157178146
Net loss attributable to noncontrolling interest(28)(16)(6)(2)(1)(57)(68)
Other undisclosed net loss attributable to parent(401) (36)(23)   
Net income attributable to parent:1,0331,81879423315612178
Undistributed earnings (loss) allocated to participating securities, basic1,725242494
Net income available to common stockholders, diluted:2,7582,0601,28823315612178

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,4621,834836258157178146
Other comprehensive income (loss)1(2)     
Comprehensive income:1,4631,832836258157178146
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(28)(16)(6)(2)(1)(57)68
Other undisclosed comprehensive loss, net of tax, attributable to parent(401)      
Comprehensive income, net of tax, attributable to parent:1,0341,816830256156121214

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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