Marathon Petroleum Corp
NYSE:MPC
Income Statement
Earnings Waterfall
Marathon Petroleum Corp
Revenue
|
150.1B
USD
|
Cost of Revenue
|
-128.6B
USD
|
Gross Profit
|
21.5B
USD
|
Operating Expenses
|
-7.2B
USD
|
Operating Income
|
14.3B
USD
|
Other Expenses
|
-4.6B
USD
|
Net Income
|
9.7B
USD
|
Income Statement
Marathon Petroleum Corp
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 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
100 242
N/A
|
100 242
N/A
|
101 468
+1%
|
100 674
-1%
|
98 081
-3%
|
91 972
-6%
|
85 632
-7%
|
78 909
-8%
|
72 251
-8%
|
67 821
-6%
|
64 029
-6%
|
61 732
-4%
|
63 332
+3%
|
66 915
+6%
|
68 472
+2%
|
71 399
+4%
|
75 359
+6%
|
77 953
+3%
|
82 048
+5%
|
85 793
+5%
|
86 583
+1%
|
95 988
+11%
|
100 978
+5%
|
105 533
+5%
|
111 587
+6%
|
104 194
-7%
|
89 060
-15%
|
78 921
-11%
|
68 962
-13%
|
70 847
+3%
|
88 376
+25%
|
103 442
+17%
|
120 909
+17%
|
136 432
+13%
|
160 804
+18%
|
174 377
+8%
|
178 891
+3%
|
175 563
-2%
|
158 175
-10%
|
153 462
-3%
|
150 090
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(93 789)
|
(94 439)
|
(95 155)
|
(93 852)
|
(91 416)
|
(84 260)
|
(77 866)
|
(70 406)
|
(63 877)
|
(60 453)
|
(56 978)
|
(55 591)
|
(57 018)
|
(60 489)
|
(61 891)
|
(63 690)
|
(67 063)
|
(69 503)
|
(72 858)
|
(76 629)
|
(77 047)
|
(85 291)
|
(90 093)
|
(93 901)
|
(99 228)
|
(93 690)
|
(80 791)
|
(73 119)
|
(65 733)
|
(66 475)
|
(82 150)
|
(95 040)
|
(110 008)
|
(123 992)
|
(141 022)
|
(150 280)
|
(151 671)
|
(145 897)
|
(133 452)
|
(129 559)
|
(128 566)
|
|
Gross Profit |
6 453
N/A
|
5 803
-10%
|
6 313
+9%
|
6 822
+8%
|
6 665
-2%
|
7 712
+16%
|
7 766
+1%
|
8 503
+9%
|
8 374
-2%
|
7 368
-12%
|
7 051
-4%
|
6 141
-13%
|
6 314
+3%
|
6 426
+2%
|
6 581
+2%
|
7 709
+17%
|
8 296
+8%
|
8 450
+2%
|
9 190
+9%
|
9 164
0%
|
9 536
+4%
|
10 697
+12%
|
10 885
+2%
|
11 632
+7%
|
12 359
+6%
|
10 504
-15%
|
8 269
-21%
|
5 802
-30%
|
3 229
-44%
|
4 372
+35%
|
6 226
+42%
|
8 402
+35%
|
10 901
+30%
|
12 440
+14%
|
19 782
+59%
|
24 097
+22%
|
27 220
+13%
|
29 666
+9%
|
24 723
-17%
|
23 903
-3%
|
21 524
-10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 808)
|
(2 953)
|
(2 944)
|
(3 008)
|
(3 091)
|
(3 139)
|
(3 259)
|
(3 504)
|
(3 613)
|
(3 772)
|
(3 925)
|
(3 969)
|
(4 033)
|
(4 089)
|
(4 112)
|
(4 118)
|
(4 176)
|
(4 176)
|
(4 210)
|
(4 284)
|
(4 852)
|
(5 777)
|
(6 337)
|
(6 812)
|
(6 978)
|
(6 729)
|
(6 917)
|
(6 935)
|
(6 753)
|
(6 531)
|
(6 505)
|
(6 521)
|
(6 566)
|
(6 585)
|
(6 646)
|
(6 679)
|
(6 812)
|
(6 934)
|
(6 988)
|
(7 160)
|
(7 227)
|
|
Selling, General & Administrative |
(1 588)
|
(1 700)
|
(1 668)
|
(1 709)
|
(1 765)
|
(1 770)
|
(1 853)
|
(1 912)
|
(1 967)
|
(1 999)
|
(2 014)
|
(2 059)
|
(2 032)
|
(2 042)
|
(2 044)
|
(2 040)
|
(2 062)
|
(2 070)
|
(2 092)
|
(2 128)
|
(2 682)
|
(3 216)
|
(3 545)
|
(3 883)
|
(3 753)
|
(3 640)
|
(3 610)
|
(3 559)
|
(3 378)
|
(3 175)
|
(3 154)
|
(3 177)
|
(3 258)
|
(3 316)
|
(3 386)
|
(3 448)
|
(3 597)
|
(3 724)
|
(3 763)
|
(3 884)
|
(3 920)
|
|
Depreciation & Amortization |
(1 220)
|
(1 253)
|
(1 276)
|
(1 299)
|
(1 326)
|
(1 369)
|
(1 406)
|
(1 592)
|
(1 646)
|
(1 773)
|
(1 911)
|
(1 910)
|
(2 001)
|
(2 047)
|
(2 068)
|
(2 078)
|
(2 114)
|
(2 106)
|
(2 118)
|
(2 156)
|
(2 170)
|
(2 561)
|
(2 723)
|
(2 929)
|
(3 225)
|
(3 169)
|
(3 307)
|
(3 376)
|
(3 375)
|
(3 356)
|
(3 351)
|
(3 344)
|
(3 308)
|
(3 269)
|
(3 260)
|
(3 231)
|
(3 215)
|
(3 210)
|
(3 225)
|
(3 276)
|
(3 307)
|
|
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
|
(69)
|
0
|
0
|
80
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
3 645
N/A
|
2 850
-22%
|
3 369
+18%
|
3 814
+13%
|
3 574
-6%
|
4 573
+28%
|
4 507
-1%
|
4 999
+11%
|
4 761
-5%
|
3 596
-24%
|
3 126
-13%
|
2 172
-31%
|
2 281
+5%
|
2 337
+2%
|
2 469
+6%
|
3 591
+45%
|
4 120
+15%
|
4 274
+4%
|
4 980
+17%
|
4 880
-2%
|
4 684
-4%
|
4 920
+5%
|
4 548
-8%
|
4 820
+6%
|
5 381
+12%
|
3 775
-30%
|
1 352
-64%
|
(1 133)
N/A
|
(3 524)
-211%
|
(2 159)
+39%
|
(279)
+87%
|
1 881
N/A
|
4 335
+130%
|
5 855
+35%
|
13 136
+124%
|
17 418
+33%
|
20 408
+17%
|
22 732
+11%
|
17 735
-22%
|
16 743
-6%
|
14 297
-15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(411)
|
(409)
|
(526)
|
(214)
|
261
|
327
|
360
|
341
|
6
|
(165)
|
(173)
|
(403)
|
(699)
|
(669)
|
(690)
|
(686)
|
(624)
|
(659)
|
(745)
|
(850)
|
(858)
|
(1 187)
|
(1 098)
|
(1 205)
|
(1 191)
|
(1 204)
|
(1 235)
|
(1 285)
|
(1 324)
|
(1 345)
|
(1 326)
|
(1 291)
|
(1 253)
|
(1 202)
|
(1 167)
|
(1 103)
|
(974)
|
(854)
|
(739)
|
(633)
|
(593)
|
|
Non-Reccuring Items |
12
|
12
|
16
|
17
|
21
|
25
|
13
|
13
|
(368)
|
(492)
|
(107)
|
(108)
|
272
|
396
|
(67)
|
(68)
|
(76)
|
(83)
|
(11)
|
(14)
|
(58)
|
144
|
155
|
160
|
(919)
|
(12 137)
|
(10 694)
|
(10 946)
|
(8 714)
|
2 293
|
803
|
1 040
|
(168)
|
(189)
|
(107)
|
957
|
1 059
|
1 071
|
1 045
|
104
|
208
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(21)
|
(16)
|
(21)
|
(27)
|
(25)
|
(21)
|
(21)
|
(21)
|
(32)
|
(33)
|
(35)
|
(35)
|
(76)
|
(73)
|
(73)
|
(121)
|
(71)
|
(74)
|
(77)
|
(42)
|
(38)
|
(51)
|
(47)
|
(44)
|
(50)
|
(50)
|
(100)
|
(104)
|
(97)
|
(57)
|
(32)
|
(8)
|
(24)
|
(27)
|
28
|
44
|
77
|
|
Pre-Tax Income |
3 246
N/A
|
2 453
-24%
|
2 859
+17%
|
3 617
+27%
|
3 835
+6%
|
4 909
+28%
|
4 859
-1%
|
5 326
+10%
|
4 374
-18%
|
2 918
-33%
|
2 825
-3%
|
1 640
-42%
|
1 822
+11%
|
2 031
+11%
|
1 677
-17%
|
2 802
+67%
|
3 344
+19%
|
3 459
+3%
|
4 151
+20%
|
3 895
-6%
|
3 697
-5%
|
3 803
+3%
|
3 528
-7%
|
3 733
+6%
|
3 233
-13%
|
(9 617)
N/A
|
(10 624)
-10%
|
(13 408)
-26%
|
(13 612)
-2%
|
(1 261)
+91%
|
(902)
+28%
|
1 526
N/A
|
2 817
+85%
|
4 407
+56%
|
11 830
+168%
|
17 264
+46%
|
20 469
+19%
|
22 922
+12%
|
18 069
-21%
|
16 258
-10%
|
13 989
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 113)
|
(843)
|
(984)
|
(1 236)
|
(1 280)
|
(1 658)
|
(1 633)
|
(1 821)
|
(1 506)
|
(1 031)
|
(994)
|
(548)
|
(609)
|
(639)
|
(494)
|
(834)
|
(1 040)
|
(1 021)
|
(1 052)
|
(859)
|
(764)
|
(846)
|
(806)
|
(839)
|
(784)
|
1 271
|
1 362
|
2 053
|
2 430
|
445
|
590
|
172
|
(264)
|
(512)
|
(2 306)
|
(3 750)
|
(4 491)
|
(5 032)
|
(3 816)
|
(3 394)
|
(2 817)
|
|
Income from Continuing Operations |
2 133
|
1 610
|
1 875
|
2 381
|
2 555
|
3 251
|
3 226
|
3 505
|
2 868
|
1 887
|
1 831
|
1 092
|
1 213
|
1 392
|
1 183
|
1 968
|
2 304
|
2 438
|
3 099
|
3 036
|
2 933
|
2 957
|
2 722
|
2 894
|
2 449
|
(8 346)
|
(9 262)
|
(11 355)
|
(11 182)
|
(816)
|
(312)
|
1 698
|
2 553
|
3 895
|
9 524
|
13 514
|
15 978
|
17 890
|
14 253
|
12 864
|
11 172
|
|
Income to Minority Interest |
(21)
|
(24)
|
(27)
|
(29)
|
(31)
|
(35)
|
(39)
|
(42)
|
(16)
|
75
|
106
|
42
|
(39)
|
(189)
|
(298)
|
(325)
|
(372)
|
(499)
|
(588)
|
(691)
|
(826)
|
(894)
|
(975)
|
(1 043)
|
(618)
|
632
|
626
|
621
|
151
|
(1 139)
|
(1 162)
|
(1 221)
|
(1 263)
|
(1 284)
|
(1 338)
|
(1 545)
|
(1 534)
|
(1 567)
|
(1 577)
|
(1 385)
|
(1 491)
|
|
Net Income (Common) |
2 108
N/A
|
1 583
-25%
|
1 844
+16%
|
2 347
+27%
|
2 520
+7%
|
3 210
+27%
|
3 183
-1%
|
3 459
+9%
|
2 848
-18%
|
1 960
-31%
|
1 934
-1%
|
1 132
-41%
|
1 173
+4%
|
1 202
+2%
|
885
-26%
|
1 643
+86%
|
3 430
+109%
|
3 438
+0%
|
4 009
+17%
|
3 843
-4%
|
2 779
-28%
|
2 735
-2%
|
2 788
+2%
|
3 146
+13%
|
2 636
-16%
|
(6 591)
N/A
|
(7 689)
-17%
|
(9 670)
-26%
|
(9 827)
-2%
|
(835)
+92%
|
7 668
N/A
|
9 248
+21%
|
9 736
+5%
|
10 823
+11%
|
8 181
-24%
|
11 962
+46%
|
14 508
+21%
|
16 384
+13%
|
12 739
-22%
|
11 542
-9%
|
9 672
-16%
|
|
EPS (Diluted) |
3.52
N/A
|
2.68
-24%
|
3.26
+22%
|
4.13
+27%
|
4.39
+6%
|
5.87
+34%
|
5.87
N/A
|
6.42
+9%
|
5.25
-18%
|
3.69
-30%
|
3.64
-1%
|
2.13
-41%
|
2.21
+4%
|
2.27
+3%
|
1.71
-25%
|
3.23
+89%
|
6.69
+107%
|
7.16
+7%
|
8.64
+21%
|
8.42
-3%
|
5.28
-37%
|
4.06
-23%
|
4.21
+4%
|
4.76
+13%
|
3.96
-17%
|
-10.17
N/A
|
-11.82
-16%
|
-14.87
-26%
|
-15.14
-2%
|
-1.28
+92%
|
11.72
N/A
|
14.51
+24%
|
15.26
+5%
|
19.05
+25%
|
15.26
-20%
|
24.21
+59%
|
28.11
+16%
|
36.65
+30%
|
30.4
-17%
|
29.14
-4%
|
23.76
-18%
|