MPLX LP MPLX Income Statement

Mplx lp (MPLX)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Equity Method Investment, Other than Temporary Impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues and other income:
Total revenues from contracts with customers
7,114	7,041	6,514	6,095	6,050	5,449	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
385	388	388	378	372	352	321	301	287	277	288	296	297	298	238	161	90	20	0	0	0	-	-	-	-	-	-	-	-
Rental income - related parties
1,105	1,196	1,097	994	1,026	846	597	477	357	279	270	268	264	235	243	200	159	146	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	-	0	-	-	-	0	0	-	-	-	-	-
Income (Loss) from Equity Method Investments
-971	290	317	286	263	247	224	183	134	78	27	10	-74	-74	-69	-75	8	3	0	0	0	-	-	-	-	-	-	-	-
Other income
13	12	6	7	3	7	8	7	7	6	8	8	8	7	7	6	7	6	5	6	5	6	6	5	5	5	0	0	0
Other income - related parties
152	114	110	105	102	99	96	92	93	92	88	88	87	86	72	68	62	58	76	63	51	40	31	30	29	28	0	0	0
Revenues
7,798	9,041	8,439	7,871	7,820	7,005	5,795	5,063	4,401	3,867	3,630	3,488	3,270	3,029	2,654	2,030	1,545	1,101	1,011	935	856	793	761	747	735	713	0	0	0
Costs and expenses:
Rental cost of sales
139	141	143	138	143	135	112	99	79	62	59	53	55	57	53	40	25	11	0	0	0	-	-	-	-	-	-	-	-
Rental cost of sales - related parties
168	165	119	75	73	31	3	2	3	2	1	2	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases - related parties
1,229	1,231	1,117	1,042	1,026	925	753	639	525	455	432	427	417	388	335	269	210	172	204	185	169	153	153	153	153	151	0	0	0
Depreciation and amortization
1,278	1,254	1,119	1,018	992	867	733	696	672	683	668	655	642	591	509	377	246	129	95	89	81	75	71	71	70	70	0	0	0
General and administrative expenses
384	388	371	345	348	316	284	267	252	241	229	226	232	227	229	198	156	125	101	92	87	81	75	73	71	69	0	0	0
Other taxes
114	113	106	97	95	83	69	63	59	54	53	51	51	50	44	32	23	15	12	14	12	10	9	9	9	9	0	0	0
Total costs and expenses
8,819	6,664	5,051	4,737	4,737	4,277	3,623	3,252	2,918	2,676	2,527	2,438	2,372	2,346	2,061	1,627	1,188	720	687	635	594	548	514	504	501	500	0	0	0
Income/(loss) from operations
-1,021	2,377	3,388	3,134	3,083	2,728	2,172	1,811	1,483	1,191	1,103	1,050	898	683	593	403	357	381	324	300	262	245	247	242	233	213	0	0	0
Related party interest and other financial costs
13	11	8	5	5	5	5	4	3	2	1	0	0	1	1	1	1	0	0	0	0	-	-	-	-	-	-	-	-
Interest expense (net of amounts capitalized of $13 million and $11 million, respectively)
848	851	791	713	692	590	460	403	342	296	269	243	221	210	178	131	85	35	0	0	0	-	-	-	-	-	-	-	-
Other financial costs
-60	-53	-108	-109	-111	-119	-65	-63	-61	-56	-53	-51	-50	-50	-47	-35	-23	-12	0	0	0	-	-	-	-	-	-	-	-
Net interest and other financial costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Income/(loss) before income taxes
-1,942	1,462	2,481	2,307	2,275	2,014	1,642	1,341	1,077	837	780	756	627	422	367	236	248	334	305	285	252	240	244	240	232	212	0	0	0
(Benefit)/provision for income taxes
1	0	4	3	3	8	6	4	5	1	3	2	-8	-12	-11	-11	-3	1	0	0	1	1	0	1	1	1	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-1,943	1,462	2,477	2,304	2,272	2,006	1,636	1,337	1,072	836	777	754	635	434	378	247	251	333	304	284	251	239	243	239	231	211	135	0	0
Less: Net income (loss) attributable to noncontrolling interest
30	28	25	23	20	16	14	9	7	6	2	3	3	2	3	2	0	-	0	0	-	57	66	69	71	68	0	0	0
Income (Loss) Attributable to Predecessor
0	-	0	-	0	-	0	-	-	36	86	137	189	199	257	228	200	176	0	0	0	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-2,194	1,033	2,048	1,929	1,900	1,818	1,622	1,328	1,065	794	689	614	443	233	118	18	50	156	166	155	132	121	112	104	94	78	70	0	0
Dividends, Preferred Stock
-	-	-	80	-	-	-	68	65	65	65	65	57	41	25	9	0	-	0	0	-	-	-	-	-	-	-	-	-
Less: General partner’s interest in net income attributable to MPLX LP
-	-	-	-	-	-	-	-	-	318	277	242	214	191	174	131	92	57	21	14	9	6	6	4	3	2	0	0	0
Limited partners' interest in net income (loss) attributable to MPLX LP
-2,303	935	1,960	1,849	1,821	1,743	1,455	1,078	744	411	347	307	172	1	-81	-122	-42	99	145	140	123	115	107	101	92	76	0	0	0
Net income attributable to MPLX LP per limited partner unit:
Weighted average limited partner units outstanding:
Common - basic (in shares)
-	-	1,005	825	-	702	825	825	692	323	433	416	400	311	379	355	307	150	82	82	82	77	75	75	75	-	75	-	-
Common - diluted (in shares)
-	-	1,006	826	-	702	825	825	692	324	434	421	405	334	384	355	307	154	82	82	82	77	75	75	75	-	75	-	-
Goodwill and Intangible Asset Impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	130	130	130	129	0	0	0	0	-	-	-	-	-	-	-	-
Service [Member]
Total revenues from contracts with customers
2,496	2,498	2,302	2,126	2,088	1,856	1,559	1,402	1,278	1,156	1,091	1,042	989	958	792	560	343	130	67	66	69	70	71	75	75	79	0	0	0
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties
3,580	3,455	3,138	2,807	2,736	2,404	1,869	1,577	1,298	1,082	1,061	1,038	1,014	936	931	830	736	701	772	734	690	662	637	621	610	586	0	0	0
Service, Other [Member]
Total revenues from contracts with customers
145	140	152	185	210	220	154	95	44	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product [Member]
Total revenues from contracts with customers
759	806	790	858	896	887	930	908	893	889	789	729	675	572	430	273	136	36	0	0	0	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties
134	142	139	125	124	87	37	21	10	8	9	9	10	11	9	7	4	1	0	0	0	-	-	-	-	-	-	-	-
Oil and Gas, Refining and Marketing [Member]
Cost of Goods and Services Sold
1,518	1,489	1,395	1,229	1,229	1,096	827	715	621	528	506	499	473	454	429	366	299	247	272	253	243	228	203	196	196	200	0	0	0
Natural Gas, Midstream [Member]
Cost of Goods and Services Sold
627	686	681	793	831	824	842	771	707	651	579	526	500	448	330	213	99	20	0	0	0	-	-	-	-	-	-	-	-
Limited Partners Common Units
Net Income (Loss) Attributable to Parent
-2,328	910	1,936	1,828	1,821	1,743	1,455	1,078	744	411	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common - basic (in USD per unit)
-2.60	-0.78	0.61	0.56	0.61	0.51	0.62	0.55	0.61	0.32	0.29	0.26	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common - diluted (in USD per unit)
-2.60	-0.77	0.61	0.55	0.61	0.51	0.62	0.55	0.61	0.32	0.29	0.26	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common - basic (in shares)
1,058	1,062	974	794	794	795	794	794	661	407	394	377	362	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common - diluted (in shares)
1,058	1,063	975	795	795	795	794	794	661	408	395	382	367	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributions declared per limited partner common unit
-	-	-	-	-	-	-	-	-	-	-	0.56	0.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-