Magellan midstream partners, l.p. (MMP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities:
Net income

1,020,849

1,333,925

869,531

802,771

819,122

839,519

582,237

435,670

413,566

311,580

226,475

330,103

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and Amortization

246,134

265,077

196,630

178,142

166,812

161,741

142,230

128,012

121,179

108,668

97,216

86,501

Gain on sale and retirement of assets

28,966

328,055

5,135

16,954

-7,871

-

-

-

-

-

-

-

Loss (gain) on sale and retirement of assets

-

-

-

-

-

-7,223

-7,835

-12,625

-8,599

-1,062

-5,529

7,180

Debt placement fee amortization expense

-

-

-

-

-

-

-

2,087

1,831

1,401

1,112

767

Income (Loss) from Equity Method Investments

168,961

181,117

120,994

78,696

66,483

19,394

6,275

2,961

6,763

5,732

3,431

4,067

Distributions from operations of non-controlled entities

203,602

196,686

146,211

87,987

66,285

3,086

2,494

2,961

5,598

4,853

3,431

4,067

Equity-based incentive compensation expense

24,012

32,053

20,641

19,358

24,245

27,284

24,083

21,036

17,710

18,899

9,622

4,751

Settlement gain, amortization of prior service credit and actuarial loss

8,245

12,135

8,650

2,211

3,478

2,115

1,964

2,962

1,117

106

1,256

-88

Debt prepayment costs

-8,270

0

0

-

-

-

-

-

-

-

-

-

Gain on exchange of interest in non-controlled entity

-

-

-

-

0

0

-

-

-

-

-

-

Gain on assignment of supply agreement

-

-

-

-

-

-

-

-

-

-

-

26,492

Changes in components of operating assets and liabilities (Note 8)

-7,994

-22,246

-15,695

21,515

-48,362

-85,727

-18,508

-44,063

-14,486

16,181

71,773

-32,167

Changes in operating assets and liabilities:
Net cash provided by operating activities

1,321,179

1,352,950

1,131,229

973,304

1,069,692

1,107,301

773,076

646,455

577,323

424,656

269,437

434,889

Investing Activities:
Additions to property, plant and equipment, net

943,990

552,257

558,669

674,159

621,151

363,250

421,435

354,168

199,665

221,419

216,698

272,083

Proceeds from sale and disposition of assets

65,366

576,568

44,392

7,552

3,371

10,780

3,610

1,056

6,299

8,300

338

3,862

Acquisition of assets

-

-

-

-

-

75,000

22,506

0

17,807

29,300

0

-

Acquisition of business

-

-

-

-

54,678

0

192,000

0

0

291,292

390,606

38,302

Investments in non-controlled entities

212,380

216,424

134,828

200,023

152,466

408,001

250,495

74,934

8,094

0

-

-

Acquisition of tank bottom inventory

-

-

-

-

-

-

-

-

-

-53,017

-

-

Acquisition of non-controlling owners' interests

-

-

-

-

-

-

-

-

40,500

0

-

-

Distributions from returns of investments in non-controlled entities

8,494

1,786

55,931

0

14,155

5,487

780

4,832

0

0

1,127

1,133

Deposits received from undivided joint interest third party

75,258

71,071

0

0

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

1,100

0

-

-

Net cash provided (used) by investing activities

-1,007,252

-119,256

-593,174

-866,630

-810,769

-829,984

-882,046

-368,081

-258,741

-590,160

-604,918

-304,729

Financing Activities:
Distributions paid

921,606

865,431

803,216

739,157

662,948

568,806

475,461

403,485

350,892

318,817

285,758

264,310

Net commercial paper borrowings

0

0

-49,986

-229,975

-16,981

296,942

0

0

-

-

-

-

Net borrowings under revolver

-

-

-

-

-

-

-

-

-15,000

-86,600

31,600

-93,500

Borrowings under long-term notes

996,405

0

496,705

1,142,997

499,589

257,713

298,680

248,345

260,914

298,899

568,699

249,980

Payments on notes

550,000

250,000

0

250,000

0

250,000

0

0

-

-

-

-

Debt placement costs

12,012

404

6,316

10,906

6,223

2,912

4,849

2,552

4,575

2,378

4,357

2,048

Net payment on financial derivatives

33,342

-24,619

0

19,287

42,908

3,613

184

-10,977

-5,926

-16,238

-5,335

10,312

Capital contributions by affiliate

-

-

-

-

-

-

-

-

-

-

-

3,709

Increase (decrease) in outstanding checks

-

-

-

-

-

-

-

-

-5,408

2,393

2,955

2,671

Payments associated with settlement of equity-based incentive compensation

9,800

9,300

13,900

14,400

17,784

14,813

12,259

13,001

7,410

3,371

-3,450

-

Debt prepayment costs

8,270

0

0

-

-

-

-

-

-

-

-

-

Issuance of limited partner units

-

-

-

-

-

-

-

-

-

258,407

-

-

Capital contributed by non-controlling owners

-

-

-

-

-

-

-

-

-

4,361

-

-

Costs associated with the simplification of capital structure

-

-

-

-

-

-

-

-

-

-313

-13,287

-

Net cash used by financing activities

-538,589

-1,100,501

-376,688

-120,704

-247,255

-285,489

-194,073

-159,716

-116,445

168,819

301,737

-93,186

Change in cash, cash equivalents and restricted cash

-224,662

133,193

161,367

-14,030

11,668

-8,172

-303,043

118,658

202,137

3,315

-33,744

36,974

Supplemental non-cash investing activities:
Contribution of property, plant and equipment to a non-controlled entity

0

0

97,638

0

13,252

0

0

-

-

-

-

-

Issuance of limited partner units in settlement of equity-based incentive plan awards

-

-

-

7,289

8,045

7,315

6,404

7,295

4,315

2,034

1,943

8,536

Additions to property, plant and equipment

980,575

562,296

572,744

653,528

623,289

366,445

383,757

-

-

-

-

-

Changes in accounts payable and other current liabilities related to capital expenditures

36,585

10,039

14,075

-20,631

2,138

3,195

-37,678

55,133

2,126

-3,432

921

661

Payments to Acquire Property, Plant, and Equipment

943,990

552,257

558,669

674,159

621,151

363,250

421,435

354,168

199,665

221,419

216,698

272,083

Supplemental non-cash financing activities:
Non-cash capital contributed by non-controlling owners

-

-

-

-

-

-

-

-

-

10,299

-

-