Magellan Midstream Partners LP
NYSE:MMP
Income Statement
Earnings Waterfall
Magellan Midstream Partners LP
Revenue
|
3.5B
USD
|
Cost of Revenue
|
-1.8B
USD
|
Gross Profit
|
1.7B
USD
|
Operating Expenses
|
-535m
USD
|
Operating Income
|
1.1B
USD
|
Other Expenses
|
-117.4m
USD
|
Net Income
|
1B
USD
|
Income Statement
Magellan Midstream Partners LP
Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 705
N/A
|
1 823
+7%
|
1 948
+7%
|
2 134
+10%
|
2 186
+2%
|
2 264
+4%
|
2 360
+4%
|
2 264
-4%
|
2 266
+0%
|
2 321
+2%
|
2 189
-6%
|
2 197
+0%
|
2 218
+1%
|
2 192
-1%
|
2 205
+1%
|
2 328
+6%
|
2 428
+4%
|
2 449
+1%
|
2 508
+2%
|
2 544
+1%
|
2 569
+1%
|
2 634
+3%
|
2 827
+7%
|
2 777
-2%
|
2 834
+2%
|
2 853
+1%
|
2 728
-4%
|
2 882
+6%
|
2 620
-9%
|
2 539
-3%
|
2 428
-4%
|
2 205
-9%
|
2 419
+10%
|
2 482
+3%
|
2 733
+10%
|
2 777
+2%
|
2 912
+5%
|
3 149
+8%
|
3 200
+2%
|
3 395
+6%
|
3 484
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(854)
|
(889)
|
(975)
|
(1 019)
|
(1 060)
|
(1 061)
|
(1 095)
|
(1 058)
|
(1 054)
|
(1 064)
|
(974)
|
(989)
|
(987)
|
(1 001)
|
(1 006)
|
(1 068)
|
(1 133)
|
(1 151)
|
(1 191)
|
(1 232)
|
(1 264)
|
(1 278)
|
(1 370)
|
(1 357)
|
(1 351)
|
(1 342)
|
(1 251)
|
(1 329)
|
(1 197)
|
(1 171)
|
(1 115)
|
(974)
|
(1 111)
|
(1 157)
|
(1 350)
|
(1 419)
|
(1 561)
|
(1 675)
|
(1 712)
|
(1 798)
|
(1 802)
|
|
Gross Profit |
851
N/A
|
935
+10%
|
972
+4%
|
1 115
+15%
|
1 126
+1%
|
1 204
+7%
|
1 266
+5%
|
1 206
-5%
|
1 212
+0%
|
1 257
+4%
|
1 215
-3%
|
1 208
-1%
|
1 231
+2%
|
1 191
-3%
|
1 199
+1%
|
1 260
+5%
|
1 296
+3%
|
1 299
+0%
|
1 317
+1%
|
1 312
0%
|
1 305
-1%
|
1 356
+4%
|
1 457
+7%
|
1 420
-3%
|
1 484
+4%
|
1 511
+2%
|
1 477
-2%
|
1 553
+5%
|
1 423
-8%
|
1 368
-4%
|
1 313
-4%
|
1 231
-6%
|
1 308
+6%
|
1 325
+1%
|
1 383
+4%
|
1 358
-2%
|
1 351
0%
|
1 474
+9%
|
1 489
+1%
|
1 598
+7%
|
1 682
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(259)
|
(268)
|
(275)
|
(281)
|
(300)
|
(305)
|
(310)
|
(315)
|
(307)
|
(313)
|
(317)
|
(324)
|
(324)
|
(327)
|
(325)
|
(328)
|
(343)
|
(347)
|
(362)
|
(373)
|
(388)
|
(404)
|
(459)
|
(462)
|
(468)
|
(469)
|
(430)
|
(425)
|
(404)
|
(409)
|
(432)
|
(432)
|
(445)
|
(442)
|
(431)
|
(453)
|
(459)
|
(468)
|
(528)
|
(516)
|
(535)
|
|
Selling, General & Administrative |
(124)
|
(129)
|
(133)
|
(137)
|
(143)
|
(146)
|
(148)
|
(149)
|
(148)
|
(150)
|
(150)
|
(155)
|
(152)
|
(150)
|
(147)
|
(147)
|
(155)
|
(157)
|
(166)
|
(172)
|
(182)
|
(192)
|
(194)
|
(194)
|
(193)
|
(197)
|
(197)
|
(188)
|
(177)
|
(163)
|
(174)
|
(181)
|
(195)
|
(204)
|
(206)
|
(223)
|
(224)
|
(235)
|
(241)
|
(238)
|
(256)
|
|
Depreciation & Amortization |
(136)
|
(139)
|
(142)
|
(143)
|
(156)
|
(159)
|
(162)
|
(166)
|
(160)
|
(163)
|
(167)
|
(169)
|
(172)
|
(177)
|
(178)
|
(182)
|
(187)
|
(190)
|
(197)
|
(201)
|
(206)
|
(212)
|
(265)
|
(275)
|
(284)
|
(284)
|
(246)
|
(248)
|
(240)
|
(252)
|
(259)
|
(238)
|
(235)
|
(228)
|
(228)
|
(231)
|
(237)
|
(234)
|
(293)
|
(291)
|
(289)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
8
|
12
|
13
|
10
|
13
|
6
|
0
|
(13)
|
(15)
|
(9)
|
3
|
1
|
2
|
1
|
5
|
13
|
10
|
|
Operating Income |
592
N/A
|
667
+13%
|
698
+5%
|
834
+20%
|
827
-1%
|
899
+9%
|
956
+6%
|
892
-7%
|
905
+1%
|
944
+4%
|
898
-5%
|
884
-2%
|
907
+3%
|
864
-5%
|
874
+1%
|
932
+7%
|
953
+2%
|
952
0%
|
954
+0%
|
939
-2%
|
917
-2%
|
952
+4%
|
998
+5%
|
958
-4%
|
1 015
+6%
|
1 042
+3%
|
1 047
+1%
|
1 128
+8%
|
1 018
-10%
|
959
-6%
|
881
-8%
|
799
-9%
|
863
+8%
|
883
+2%
|
952
+8%
|
905
-5%
|
892
-1%
|
1 005
+13%
|
961
-4%
|
1 081
+13%
|
1 147
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(116)
|
(115)
|
(111)
|
(117)
|
(118)
|
(116)
|
(103)
|
(98)
|
(88)
|
(74)
|
(74)
|
(41)
|
(48)
|
(67)
|
(75)
|
(113)
|
(108)
|
(117)
|
(95)
|
(84)
|
(60)
|
(32)
|
(3)
|
5
|
(13)
|
(10)
|
(34)
|
(35)
|
(49)
|
(56)
|
(56)
|
(66)
|
(51)
|
(57)
|
(72)
|
(76)
|
(91)
|
(85)
|
(79)
|
(88)
|
(96)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
19
|
19
|
0
|
0
|
354
|
354
|
376
|
380
|
29
|
29
|
20
|
15
|
13
|
13
|
0
|
70
|
73
|
75
|
75
|
5
|
2
|
1
|
1
|
2
|
|
Total Other Income |
(2)
|
(2)
|
0
|
0
|
(0)
|
(0)
|
(9)
|
(9)
|
(2)
|
(4)
|
(3)
|
1
|
(3)
|
2
|
7
|
3
|
(1)
|
(5)
|
(4)
|
7
|
9
|
(11)
|
(14)
|
(7)
|
(12)
|
(13)
|
(12)
|
(11)
|
(7)
|
(6)
|
(5)
|
(5)
|
(19)
|
(20)
|
(21)
|
(20)
|
(6)
|
(15)
|
(20)
|
(20)
|
(21)
|
|
Pre-Tax Income |
475
N/A
|
550
+16%
|
587
+7%
|
717
+22%
|
709
-1%
|
783
+10%
|
844
+8%
|
785
-7%
|
815
+4%
|
867
+6%
|
822
-5%
|
845
+3%
|
856
+1%
|
799
-7%
|
806
+1%
|
822
+2%
|
844
+3%
|
849
+0%
|
873
+3%
|
862
-1%
|
866
+0%
|
1 262
+46%
|
1 334
+6%
|
1 331
0%
|
1 370
+3%
|
1 047
-24%
|
1 022
-2%
|
1 102
+8%
|
977
-11%
|
910
-7%
|
820
-10%
|
728
-11%
|
863
+19%
|
879
+2%
|
935
+6%
|
884
-5%
|
801
-9%
|
908
+13%
|
862
-5%
|
974
+13%
|
1 032
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(0)
|
(0)
|
(0)
|
1
|
(1)
|
(1)
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
|
Income from Continuing Operations |
471
|
546
|
582
|
712
|
705
|
778
|
840
|
781
|
812
|
864
|
819
|
843
|
853
|
797
|
803
|
819
|
841
|
845
|
870
|
858
|
862
|
1 258
|
1 334
|
1 331
|
1 370
|
1 048
|
1 021
|
1 101
|
977
|
909
|
817
|
725
|
860
|
876
|
932
|
882
|
798
|
906
|
859
|
971
|
1 028
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
471
N/A
|
546
+16%
|
582
+7%
|
712
+22%
|
705
-1%
|
778
+10%
|
840
+8%
|
781
-7%
|
812
+4%
|
864
+6%
|
819
-5%
|
843
+3%
|
853
+1%
|
797
-7%
|
803
+1%
|
819
+2%
|
841
+3%
|
845
+0%
|
870
+3%
|
858
-1%
|
862
+0%
|
1 258
+46%
|
1 334
+6%
|
1 331
0%
|
1 370
+3%
|
1 048
-23%
|
1 021
-3%
|
1 101
+8%
|
981
-11%
|
919
-6%
|
817
-11%
|
751
-8%
|
897
+20%
|
922
+3%
|
982
+6%
|
926
-6%
|
1 000
+8%
|
1 093
+9%
|
1 036
-5%
|
1 145
+10%
|
1 030
-10%
|
|
EPS (Diluted) |
2.08
N/A
|
2.41
+16%
|
2.56
+6%
|
3.13
+22%
|
3.09
-1%
|
3.41
+10%
|
3.69
+8%
|
3.42
-7%
|
3.56
+4%
|
3.79
+6%
|
3.59
-5%
|
3.7
+3%
|
3.74
+1%
|
3.49
-7%
|
3.52
+1%
|
3.58
+2%
|
3.68
+3%
|
3.7
+1%
|
3.81
+3%
|
3.75
-2%
|
3.77
+1%
|
5.5
+46%
|
5.84
+6%
|
5.82
0%
|
5.99
+3%
|
4.58
-24%
|
4.46
-3%
|
4.83
+8%
|
4.35
-10%
|
4.08
-6%
|
3.62
-11%
|
3.36
-7%
|
4.02
+20%
|
4.21
+5%
|
4.46
+6%
|
4.35
-2%
|
4.72
+9%
|
5.26
+11%
|
4.94
-6%
|
5.61
+14%
|
5.06
-10%
|