Magellan midstream partners, l.p. (MMP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Products and Services [Table]
Revenues

782,806

740,682

656,596

701,699

628,935

865,683

638,020

644,091

678,779

673,299

572,848

619,440

642,074

614,915

551,782

518,897

519,816

573,048

586,675

498,428

530,302

723,699

521,601

496,446

618,606

627,562

443,835

443,912

432,421

503,195

325,869

449,527

493,483

486,933

435,510

383,327

442,897

398,491

406,201

423,060

329,695

239,770

208,220

Costs and expenses:
Operating

149,508

149,740

169,387

168,929

146,025

174,180

172,115

159,845

143,296

135,724

165,368

145,294

131,592

136,661

134,915

134,183

122,913

127,276

147,349

142,318

106,707

170,143

132,387

124,874

73,497

150,336

103,262

77,415

65,181

74,404

103,272

82,326

68,452

73,273

89,458

81,323

62,361

62,232

87,584

70,287

62,109

73,863

60,848

Cost of product sales

249,236

188,552

108,757

152,876

169,094

230,532

120,510

153,679

199,592

194,947

121,819

145,975

172,876

165,808

118,242

95,703

113,585

131,065

85,522

94,507

136,179

195,851

91,591

109,103

198,040

182,004

120,299

115,328

160,398

178,179

85,819

144,498

248,612

216,654

159,550

118,836

211,230

165,069

186,993

183,639

132,884

47,902

40,990

Depreciation, amortization and impairment

63,534

65,106

56,627

62,530

61,871

103,351

56,228

53,619

51,879

50,527

49,909

48,896

47,298

44,005

47,081

43,302

43,754

42,632

42,043

40,440

41,697

39,279

38,054

46,897

37,511

36,442

35,270

34,186

36,332

33,324

31,692

31,486

31,510

30,918

30,234

30,664

29,363

29,208

27,403

25,715

26,342

24,613

23,163

General and administrative

36,908

47,116

51,156

52,383

45,995

47,048

47,389

53,290

46,556

44,841

37,202

43,393

40,281

36,351

35,584

34,554

40,676

38,896

37,612

37,942

35,498

38,667

35,377

39,309

34,935

36,423

32,755

33,262

30,056

32,694

27,551

25,414

23,744

28,328

20,470

25,281

24,590

28,272

23,624

20,178

23,242

20,002

20,248

Total costs and expenses

499,186

450,514

385,927

436,718

422,985

555,111

396,242

420,433

441,323

426,039

374,298

383,558

392,047

382,825

335,822

307,742

320,928

339,869

312,526

315,207

320,081

443,940

297,409

320,183

343,983

405,205

291,586

260,191

291,967

318,601

248,334

283,724

372,318

349,173

299,712

256,104

327,544

284,781

325,604

299,819

244,577

166,380

145,249

Other operating income (expense)

-511

1,437

-379

-5,024

6,941

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings of non-controlled entities

43,660

46,732

50,189

40,785

31,255

50,274

53,795

42,510

34,538

42,821

31,151

25,576

21,446

27,153

18,576

15,339

17,628

16,830

15,521

24,542

9,590

15,328

1,645

1,955

466

1,113

2,375

736

2,051

-1,914

1,749

1,478

1,648

1,998

1,955

1,443

1,367

1,409

1,654

1,480

1,189

1,368

939

Operating profit

326,769

338,337

320,479

300,742

244,146

360,846

295,573

266,168

271,994

290,081

229,701

261,458

271,473

259,243

234,536

226,494

216,516

250,009

289,670

207,763

219,811

295,087

225,837

178,218

275,089

223,470

154,624

184,457

142,505

182,680

79,284

167,281

122,813

139,758

137,753

128,666

116,720

115,119

82,251

124,721

86,307

74,758

63,910

Interest expense

55,900

55,801

53,750

51,406

60,166

52,444

55,133

56,750

56,652

56,045

51,895

51,546

51,212

51,614

50,163

48,686

43,724

40,886

40,419

40,396

37,194

37,188

34,993

37,265

36,416

37,592

31,852

31,720

31,723

30,627

29,113

29,118

29,123

29,063

27,332

25,988

26,486

26,768

25,316

22,521

21,774

20,837

15,809

Interest capitalized

4,951

4,865

5,831

5,134

3,454

4,101

3,099

5,608

4,647

4,761

3,424

3,183

4,197

6,232

7,877

7,130

6,136

5,405

3,984

2,946

2,107

1,445

9,205

6,843

5,310

3,865

3,780

3,243

3,451

4,592

1,439

1,028

-864

5,700

-665

-1,190

-671

-408

-884

-803

-848

-874

-942

Interest income

420

639

648

338

1,660

1,550

501

380

579

627

240

256

292

335

302

404

361

283

310

334

349

369

374

406

391

92

215

13

22

27

16

29

35

39

11

1

10

55

74

7

4

225

206

Gain on disposition of assets

12,887

0

2,532

4,646

21,788

0

353,797

0

0

-

18,505

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on exchange of interest in non-controlled entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,244

26,900

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt placement fee amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

566

602

599

-

540

540

540

531

519

518

519

651

410

385

385

386

358

329

328

331

224

Other (income) expense

-807

-2,608

-2,602

-4,570

-2,050

-3,569

-1,694

119

-8,724

-377

-549

-2,043

-1,170

19

2,737

1,958

1,752

-7,172

-1,706

6,539

-279

-8,573

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-750

-

-

-11

565

Income before provision for income taxes

288,320

285,432

273,138

254,884

208,832

310,484

596,143

215,525

211,844

239,047

199,426

211,308

223,580

214,215

195,289

188,544

207,941

207,639

251,839

177,186

184,794

252,907

199,857

147,600

243,775

191,455

126,227

155,453

113,715

154,413

51,107

138,702

94,070

110,731

110,687

103,484

90,530

88,428

56,785

102,681

65,057

54,678

49,590

Provision for income taxes

756

-1,013

100

1,181

1,169

-3,588

1,609

1,116

934

1,152

926

908

844

924

738

685

871

516

867

-205

1,158

822

1,237

1,340

1,221

1,448

604

1,813

748

610

585

881

546

469

447

485

465

471

148

229

523

463

452

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

287,564

286,445

273,038

253,703

207,663

314,072

594,534

214,409

210,910

237,895

198,500

210,400

222,736

213,291

194,551

187,859

207,070

207,123

250,972

177,391

183,636

252,085

198,620

146,260

242,554

-

125,623

153,640

-

-

-

-

-

-

-

-

90,065

-

56,637

102,452

64,534

54,215

49,138

Limited partners' interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,262

110,240

102,999

90,128

88,132

56,791

102,520

64,534

18,161

14,611

Non-controlling owners' interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

126

-63

-

-154

-68

-

36,054

34,527

Basic net income per common unit (in dollars per share)

1.26

1.25

1.19

1.11

0.91

1.38

2.60

0.94

0.92

1.04

0.87

0.92

0.98

0.94

0.85

0.82

0.91

0.00

1.10

0.78

0.81

-

0.87

-

-

-

0.55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net income per common unit (in dollars per share)

1.26

1.25

1.19

1.11

0.91

1.38

2.60

0.94

0.92

1.04

0.87

0.92

0.98

0.94

0.85

0.82

0.91

0.00

1.10

0.78

0.81

-

0.87

-

-

-

0.55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average number of common units outstanding used for basic net income per unit calculation (in shares)

227,571

228,707

228,720

228,647

228,558

228,404

228,397

228,387

228,320

228,204

228,199

228,192

228,109

227,966

227,960

227,952

227,826

227,464

227,580

227,631

227,525

-

227,294

-

-

-

226,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average number of common units outstanding used for diluted net income per unit calculation (in shares)

227,571

229,368

228,754

228,688

228,558

229,058

228,449

228,425

228,360

228,688

228,260

228,245

228,159

228,397

227,999

227,983

227,849

228,451

227,945

227,631

227,525

-

227,830

-

-

-

226,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net income per limited partner unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.64

1.07

-

-

0.68

0.50

-

0.22

0.61

0.41

-

0.49

0.91

0.80

-0.65

0.51

0.96

0.60

0.43

0.37

Weighted average number of limited partner units outstanding used for basic and diluted net income per unit calculation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

227,288

227,141

-

-

226,864

226,705

-

226,431

226,429

226,182

-

225,728

112,847

112,762

-

111,522

106,896

106,843

41,831

39,639

Service [Member]
Revenues

458,395

497,001

506,432

506,405

460,792

486,028

488,775

472,248

431,937

458,930

446,935

433,239

392,671

415,371

413,433

392,240

370,075

395,646

410,387

384,901

353,812

427,545

360,517

353,568

317,637

383,393

295,326

282,462

227,271

248,937

255,492

248,761

217,554

232,705

232,064

223,192

205,408

220,530

206,727

193,173

173,169

173,504

166,703

Product [Member]
Revenues

319,120

238,301

144,807

189,989

162,995

374,428

144,403

166,797

241,592

209,572

121,010

182,004

245,620

195,995

133,356

123,689

146,562

174,009

172,731

109,969

173,127

289,389

155,865

137,657

296,063

240,184

144,852

157,922

201,711

252,906

70,178

200,568

275,730

254,036

203,253

159,943

237,296

177,772

199,284

229,698

156,336

66,076

41,327

Product and Service, Other [Member]
Revenues

5,291

5,380

5,357

5,305

5,148

5,227

4,842

5,046

5,250

4,797

4,903

4,197

3,783

3,549

4,993

2,968

3,179

3,393

3,557

3,558

3,363

6,765

5,219

5,221

4,906

3,985

3,657

3,528

3,439

1,352

199

198

199

192

193

192

193

189

190

189

190

190

190