MMP · Magellan Midstream Partners, L.P. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.73B | $2.43B | $2.73B | $2.83B | $2.51B |
| Cost of Revenue | - | - | - | $619.28M | $493.34M | - |
| Gross Profit | - | - | - | $2.11B | $2.33B | - |
| R&D | - | - | - | - | - | - |
| SG&A | $240.70M | $206.30M | $173.48M | $196.65M | $194.28M | $165.72M |
| Total Operating Expenses | $2.25B | $1.78B | $1.55B | $1.70B | $1.81B | $1.58B |
| D&A | $292.80M | $227.90M | $258.68M | $246.13M | $265.08M | $196.63M |
| Operating Income | $1.11B | $1.11B | $1.03B | $1.20B | $1.19B | $1.05B |
| Interest Expense | $229.80M | $228.10M | $234.13M | $221.12M | $220.98M | $210.70M |
| Income Tax | $2.70M | $2.30M | $2.93M | $1.44M | $71.0K | $3.22M |
| Net Income | $1.04B | $982.00M | $816.97M | $1.02B | $1.33B | $802.77M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.00M | $2.00M | $13.04M | $58.03M | $218.28M | $176.07M |
| Accounts Receivable | $219.90M | $135.20M | $109.14M | $125.44M | $104.16M | $138.78M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $108.20M | $109.50M | $100.02M | $150.99M | $138.74M | $104.85M |
| Current Assets | $710.50M | $843.20M | $405.19M | $459.41M | $646.34M | $611.84M |
| Total Assets | $7.71B | $8.03B | $8.20B | $8.44B | $7.75B | $7.39B |
| Current Liabilities | $725.50M | $679.60M | $558.57M | $666.88M | $676.56M | $836.51M |
| Long-term Debt | $5.01B | $5.09B | $4.98B | $4.71B | $4.21B | $4.27B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.14B | $1.20B | $1.11B | $1.32B | $1.35B | $1.11B |
| Investing Cash Flow | $274.40M | $118.10M | ($199.25M) | ($1.01B) | ($119.26M) | ($570.62M) |
| Financing Cash Flow | ($1.42B) | ($1.33B) | ($970.28M) | ($538.59M) | ($1.10B) | ($376.69M) |
| CapEx | $175.30M | $148.60M | $439.57M | $943.99M | $552.26M | $558.67M |
| Free Cash Flow | $966.00M | $1.05B | $667.80M | $377.19M | $800.69M | $550.01M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 77.3% | 82.5% | - |
| Operating margin | 34.6% | 40.5% | 42.6% | 44.1% | 42.3% | 42.0% |
| EBITDA margin | 43.8% | 48.8% | 53.2% | 53.1% | 51.6% | 49.8% |
| Net margin | 32.4% | 35.9% | 33.7% | 37.4% | 47.2% | 32.0% |
| Free cash flow margin | 30.2% | 38.3% | 27.5% | 13.8% | 28.3% | 21.9% |
| FCF / Net income | 0.93 | 1.07 | 0.82 | 0.37 | 0.60 | 0.69 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.5% | 7.5% | 7.1% | 7.2% | 6.9% | 6.6% |
| Effective tax rate | 0.3% | 0.2% | 0.4% | 0.1% | 0.0% | 0.4% |
| Return on assets | 13.4% | 12.2% | 10.0% | 12.1% | 17.2% | 10.9% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.98 | 1.24 | 0.73 | 0.69 | 0.96 | 0.73 |
| Quick ratio | 0.98 | 1.24 | 0.73 | 0.69 | 0.96 | 0.73 |
| Cash ratio | 0.00 | 0.00 | 0.02 | 0.09 | 0.32 | 0.21 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.65 | 0.63 | 0.61 | 0.56 | 0.54 | 0.58 |
| Debt / EBITDA | 3.58 | 3.81 | 3.85 | 3.25 | 2.89 | 3.42 |
| Interest coverage | 4.8x | 4.9x | 4.4x | 5.4x | 5.4x | 5.0x |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.42 | 0.34 | 0.30 | 0.32 | 0.36 | 0.34 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 25d | 18d | 16d | 17d | 13d | 20d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | 89d | 103d | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.1% | 12.6% | -11.0% | -3.5% | 12.7% | 13.7% |
| Revenue CAGR (3y) | 5.5% | -1.1% | -1.1% | 7.3% | 8.9% | 2.9% |
| Revenue CAGR (5y) | 5.0% | 4.4% | 2.1% | 3.4% | 8.3% | 7.2% |
| Gross profit growth (YoY) | - | - | - | -9.6% | - | - |
| Operating income growth (YoY) | 0.2% | 7.0% | -14.1% | 0.8% | 13.5% | 12.6% |
| Net income growth (YoY) | 5.5% | 20.2% | -20.0% | -23.5% | 66.2% | -0.4% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -7.8% | 56.9% | 77.0% | -52.9% | 45.6% | 89.7% |
| FCF CAGR (5y) | 11.9% | 29.3% | 8.3% | -12.6% | 15.5% | 13.6% |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$2.74B totalRefined Products Segment$2.11B · 77.0%
Crude Oil Pipelineand Terminals Segment$630.10M · 23.0%
Product / service
$4.07B totalService$1.80B · 44.2%
Transportation$915.70M · 22.5%
Product$913.00M · 22.4%
Storage$177.10M · 4.3%
Ancillary Services$125.20M · 3.1%
Terminalling$100.10M · 2.5%
Product And Service Other$21.20M · 0.5%
Lease Revenue$20.40M · 0.5%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing Magellan Midstream Partners against the 5 most active filers in the same SIC group.