$16 B

MMP Mkt cap, 14-Jun-2018

$678.8 M

Magellan Midstream Partners Revenue Q1, 2018
Magellan Midstream Partners Gross profit (Q1, 2018)479.2 M
Magellan Midstream Partners Gross profit margin (Q1, 2018), %70.6%
Magellan Midstream Partners Net income (Q1, 2018)210.9 M
Magellan Midstream Partners EBIT (Q1, 2018)272 M
Magellan Midstream Partners Cash, 31-Mar-201874.2 M
Magellan Midstream Partners EV20.5 B

Magellan Midstream Partners Financials

Magellan Midstream Partners Income Statement

Annual

usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.7 b1.8 b1.9 b2.3 b2.2 b2.2 b

Revenue growth, %

12%1%7%21%(5%)1%

Cost of goods sold

447.3 m493.3 m

Gross profit

1.7 b1.7 b

Gross profit Margin, %

80%78%

General and administrative expense

147.8 m

Operating expense total

147.8 m

Depreciation and amortization

121.2 m128 m142.2 m161.7 m166.8 m

EBIT

698.8 m954.8 m897.1 m935.1 m

EBIT margin, %

37%41%41%42%

Interest expense

158.9 m194.2 m

Interest income

1.3 m1.4 m

Pre tax profit

821.5 m806 m

Income tax expense

2.3 m3.2 m

Net Income

586.9 m844.1 m821.5 m806 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

487.5 m577.2 m519.8 m518.9 m551.8 m642.1 m619.4 m678.8 m

Cost of goods sold

94.5 m85.5 m113.6 m95.7 m118.2 m172.9 m146 m199.6 m

Gross profit

393 m491.7 m406.2 m423.2 m433.5 m469.2 m473.5 m479.2 m

Gross profit Margin, %

81%85%78%82%79%73%76%71%

General and administrative expense

37.9 m37.6 m40.9 m34.5 m35.8 m40.3 m43.4 m46.6 m

Operating expense total

304.3 m303.1 m321.4 m307.7 m336.4 m392 m383.6 m441.3 m

Depreciation and amortization

51.9 m

EBIT

207.8 m289.7 m216 m226.5 m233.9 m271.5 m261.5 m272 m

EBIT margin, %

43%50%42%44%42%42%42%40%

Interest expense

39.8 m39.8 m43.7 m48.7 m50.2 m51.2 m51.5 m56.7 m

Interest income

334 k310 k361 k404 k302 k292 k256 k579 k

Pre tax profit

177.2 m251.8 m207.9 m188.5 m195.3 m223.6 m211.3 m211.8 m

Income tax expense

(205 k)867 k871 k685 k738 k844 k908 k934 k

Net Income

125.6 m242.6 m146.3 m198.6 m183.6 m177.4 m251 m207.1 m187.9 m194.6 m222.7 m210.4 m210.9 m

Magellan Midstream Partners Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

4.2 m7.5 m209.6 m328.3 m25.2 m17.1 m28.7 m14.7 m

Accounts Receivable

116.3 m84.5 m83.9 m105.7 m

Inventories

187.2 m157.8 m130.9 m134.4 m

Current Assets

396.7 m402.7 m338.9 m370.4 m

Goodwill

53.3 m53.3 m53.3 m53.3 m

Total Assets

4.8 b5.5 b6 b6.8 b

Accounts Payable

76.3 m97.1 m104.1 m77.2 m

Short-term debt

250 m250.3 m

Current Liabilities

638.3 m536.2 m713.1 m481.7 m

Long-term debt

2.4 b3 b3.2 b4.1 b

Total Debt

2.7 b3.4 b4.1 b

Debt to Assets Ratio

0.6 x0.6 x0.6 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

14.2 m196.6 m731 k14.9 m52.8 m29 m9 m210 m34.3 m291.1 m7.1 m5.5 m74.2 m

Inventories

208.5 m210.2 m188.9 m202.5 m160.9 m159.9 m135.2 m132.1 m156.4 m123 m146.4 m119.5 m196 m

Current Assets

387.3 m567 m358.5 m402 m395.7 m332.7 m358.2 m515.5 m385.6 m648.3 m302.4 m325.7 m493.2 m

Goodwill

53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m

Total Assets

4.5 b5.1 b5.1 b5.3 b5.6 b5.7 b6 b6.4 b6.4 b6.9 b6.8 b6.9 b7.4 b

Accounts Payable

83.2 m73.4 m72.1 m84.6 m91 m95.8 m123.8 m102.9 m118.5 m101 m91.7 m103.1 m129.3 m

Short-term debt

250 m250 m250.5 m

Current Liabilities

641.8 m604.2 m346.6 m393.7 m418.9 m383.2 m468.6 m679.1 m713.7 m683.8 m397.6 m456.6 m788.5 m

Long-term debt

2.2 b2.7 b2.9 b3 b3.2 b3.3 b3.4 b4.3 b

Total Debt

2.5 b2.9 b2.9 b3 b3.2 b3.3 b3.4 b4.5 b

Magellan Midstream Partners Cash Flow

Annual

usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

582.2 m252.1 m819.1 m802.8 m

Depreciation and Amortization

166.8 m178.1 m

Inventories

37 k

Accounts Payable

20.2 k

Cash From Operating Activities

(303 m)(8.2 m)11.7 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

392.2 m242.6 m388.8 m587.4 m183.6 m361 m612 m207.1 m394.9 m589.5 m222.7 m433.1 m210.9 m

Depreciation and Amortization

105.8 m37.5 m122.5 m41.7 m82.1 m124.2 m43.8 m87.1 m134.1 m47.3 m96.2 m51.9 m

Inventories

13.4 m(23 m)(1.7 m)(15.3 m)(3.2 m)(2.2 m)22.6 m(1.2 m)(25.6 m)7.9 m(12.1 m)14.9 m(13.6 m)

Accounts Payable

956 k3 m486 k6.5 m(4.4 m)8.4 m12.2 m1.1 m9.1 m5.9 m7.3 m13.1 m19.5 m

Cash From Operating Activities

521.2 m270.1 m477.4 m713.3 m191.1 m414.8 m724.1 m209.6 m407.1 m639 m265.3 m572.4 m277.9 m

Purchases of PP&E

(289.7 m)(70.3 m)(149.1 m)(237.2 m)(128.5 m)(268.8 m)(439.7 m)(139.6 m)(321.1 m)(514.2 m)(142.6 m)(289.6 m)(105.4 m)

Cash From Investing Activities

(577.3 m)(202.5 m)(437.3 m)(608.8 m)(134.6 m)(363.8 m)(606.8 m)(199 m)(413.4 m)(682.1 m)(181.1 m)(320.7 m)(160.2 m)

Cash From Financing Activities

(258 m)103.8 m(64.5 m)(114.9 m)(20.8 m)(39 m)(125.4 m)170.7 m11.8 m305.5 m(91.9 m)(260.9 m)(219.5 m)

Magellan Midstream Partners Ratios

USDY, 2018

EV/EBIT

75.3 x

EV/CFO

73.7 x
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