MPLX LP MPLX Income Statement

Mplx lp (MPLX)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Revenues and other income:
Total revenues from contracts with customers
7,041	5,449	-	-	-	-	-	-
Rental income
388	352	277	298	20	0	0	-
Rental income - related parties
1,196	846	279	235	146	15	15	-
Gain on sale of assets
-	-	-	-	0	0	-	-
Income (Loss) from Equity Method Investments
290	247	78	-74	3	0	-	-
Other income
12	7	6	7	6	6	5	-
Other income - related parties
114	99	92	86	58	40	28	-
Revenues
9,041	7,005	3,867	3,029	1,101	793	713	-
Costs and expenses:
Rental cost of sales
141	135	62	57	11	1	1	-
Rental cost of sales - related parties
165	31	2	1	1	-	-	-
Purchases - related parties
1,231	925	455	388	172	153	151	-
Depreciation and amortization
1,254	867	683	591	129	75	70	-
General and administrative expenses
388	316	241	227	125	81	69	-
Other taxes
113	83	54	50	15	10	9	-
Total costs and expenses
6,664	4,277	2,676	2,346	720	548	500	-
Income/(loss) from operations
2,377	2,728	1,191	683	381	245	213	-
Related party interest and other financial costs
11	5	2	1	0	0	-	-
Interest expense (net of amounts capitalized of $13 million and $11 million, respectively)
851	590	296	210	35	4	0	-
Other financial costs
-53	-119	-56	-50	-12	-1	-1	-
Income/(loss) before income taxes
1,462	2,014	837	422	334	240	212	-
(Benefit)/provision for income taxes
0	8	1	-12	1	1	1	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,462	2,006	836	434	333	239	211	26
Less: Net income (loss) attributable to noncontrolling interest
28	16	6	2	1	57	68	-
Income (Loss) Attributable to Predecessor
401	172	36	199	176	61	65	-
Net Income (Loss) Attributable to Parent
1,033	1,818	794	233	156	121	78	13
Dividends, Preferred Stock
-	-	65	41	0	0	-	-
Less: General partner’s interest in net income attributable to MPLX LP
0	0	318	191	57	6	2	-0
Limited partners' interest in net income (loss) attributable to MPLX LP
935	1,743	411	1	99	115	76	12
Net income attributable to MPLX LP per limited partner unit:
Weighted average limited partner units outstanding:
Common - basic (in shares)
906	761	393	338	99	76	75	-
Common - diluted (in shares)
907	761	396	345	100	76	75	-
Goodwill and Intangible Asset Impairment
1,197	0	0	130	0	0	-	-
Service [Member]
Total revenues from contracts with customers
2,498	1,856	1,156	958	130	70	79	-
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties
3,455	2,404	1,082	936	701	662	586	-
Service, Other [Member]
Total revenues from contracts with customers
140	220	0	0	-	-	-	-
Product [Member]
Total revenues from contracts with customers
806	887	889	572	36	0	0	-
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties
142	87	8	11	1	0	0	-
Predecessor and Successor [Member]
Sales and other operating revenues
-	-	-	-	-	-	-	74
Sales to related parties
-	-	-	-	-	-	-	367
Loss on sale of assets
-	-	-	-	-	-	-	-0
Other income
-	-	-	-	-	-	-	6
Related Party Transaction, Other Revenues from Transactions with Related Party
-	-	-	-	-	-	-	13
Total revenues and other income
-	-	-	-	-	-	-	461
Cost of revenues (excludes items below)
-	-	-	-	-	-	-	173
Purchases from related parties
-	-	-	-	-	-	-	44
Depreciation
-	-	-	-	-	-	-	39
General and administrative expenses
-	-	-	-	-	-	-	49
Other taxes
-	-	-	-	-	-	-	11
Total costs and expenses
-	-	-	-	-	-	-	318
Income from operations
-	-	-	-	-	-	-	143
Related party interest and other financial income
-	-	-	-	-	-	-	1
Net interest and other financial costs
-	-	-	-	-	-	-	0
Income before income taxes
-	-	-	-	-	-	-	144
Provision (benefit) for income taxes
-	-	-	-	-	-	-	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	144
Less: Net income attributable to MPC-retained interest
-	-	-	-	-	-	-	13
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	130
Oil and Gas, Refining and Marketing [Member]
Cost of Goods and Services Sold
1,489	1,096	528	454	247	228	200	-
Natural Gas, Midstream [Member]
Cost of Goods and Services Sold
686	824	651	448	20	0	0	-
Predecessor [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	117
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	117
Preferred Partner [Member]
Net Income (Loss) Attributable to Parent
81	75	65	-	-	-	-	-
Limited Partners Common Units
Net Income (Loss) Attributable to Parent
910	1,743	411	1	-	-	-	-
Common - basic (in USD per unit)
1.00	2.29	1.07	0.00	-	-	-	0.18
Common - diluted (in USD per unit)
1.00	2.29	1.06	0.00	-	-	-	0.18
Common - basic (in shares)
906	761	385	331	-	-	-	37
Common - diluted (in shares)
907	761	388	338	-	-	-	37
Cash distributions declared per limited partner common unit
-	-	-	-	-	-	-	0.17