MPLX Financials

$69 M

Revenue Q3, 2017

$15.1 B

Mkt cap, 23-Feb-2018
Gross profit (Q3, 2017)(60 M)
Gross profit margin (Q3, 2017), %(87%)
Net income (Q3, 2017)217 M
EBIT (Q3, 2017)311 M
Cash, 30-Sep-20173 M
EV22 B

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

486.3 m548.3 m703 m2.6 b

Revenue growth, %

13%28%268%

Cost of goods sold

136 m145 m172 m354 m

Gross profit

350.3 m403.3 m531 m2.2 b

Gross profit Margin, %

72%74%76%86%

EBIT

144.8 m172.7 m(3 m)507 m

EBIT margin, %

30%31%0%20%

Interest expense

210 m

Pre tax profit

246 m

Income tax expense

2 m(12 m)

Net Income

146.1 m178.1 m157 m258 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

147.6 m148.6 m70 m71 m77 m69 m70 m69 m

Cost of goods sold

31.7 m41.9 m89 m84 m90 m113 m139 m129 m

Gross profit

115.9 m106.7 m(19 m)(13 m)(13 m)(44 m)(69 m)(60 m)

Gross profit Margin, %

79%72%(27%)(18%)(17%)(64%)(99%)(87%)

General and administrative expense

17.9 m21.1 m52 m49 m46 m58 m57 m59 m

Operating expense total

90 m101.5 m582 m488 m496 m621 m636 m669 m

EBIT

57.6 m47.1 m27 m76 m207 m265 m280 m311 m

EBIT margin, %

39%32%39%107%269%384%400%451%

Interest expense

55 m52 m51 m66 m74 m77 m

Pre tax profit

51.4 m41.9 m(41 m)12 m143 m187 m193 m218 m

Income tax expense

(100 k)4 m8 m(2 m)(1 m)

Net Income

98.6 m141.7 m45.9 m51.4 m41.8 m(37 m)20 m143 m187 m191 m217 m

Balance Sheet

Annual

usdY, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

217 m54 m27 m43 m234 m

Accounts Receivable

Inventories

49 m54 m

Current Assets

135.1 m97.2 m474 m740 m

PP&E

966.6 m1 b9.7 b10.7 b

Goodwill

104.7 m104.7 m2.6 b2.2 b

Total Assets

1.2 b1.2 b15.7 b16.6 b

Accounts Payable

30.5 m42.2 m89 m123 m

Short-term debt

700 k800 k

Current Liabilities

83.4 m100.6 m612 m704 m

Long-term debt

9.8 m644 m5.3 b4.4 b

Total Debt

10.5 m644.8 m4.4 b

Total Liabilities

5.3 b

Total Equity

1.1 b463.7 m9.3 b10.3 b

Debt to Equity Ratio

0 x1.4 x0.4 x

Debt to Assets Ratio

0 x0.5 x0.3 x

Financial Leverage

1.1 x2.6 x1.7 x1.6 x

Quarterly

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

Cash

86.9 m40.6 m43.2 m32.2 m132.5 m130.4 m90.4 m4 m35 m208 m265 m293 m3 m

Inventories

45 m49 m50 m62 m62 m64 m

Current Assets

155.6 m128 m119.4 m105.5 m209.9 m214.7 m173 m429 m486 m686 m811 m843 m571 m

PP&E

956.2 m959 m955.8 m982.6 m1 b1.1 b1.1 b10.2 b10.4 b10.5 b11.4 b11.6 b11.9 b

Goodwill

104.7 m104.7 m104.7 m104.7 m104.7 m104.7 m104.7 m2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b

Total Assets

1.2 b1.2 b1.2 b1.2 b1.4 b1.4 b1.4 b16 b16.1 b16.4 b18.3 b18.6 b19.2 b

Accounts Payable

41.6 m27 m25.7 m34.9 m44.9 m55.5 m67.6 m105 m102 m107 m121 m144 m152 m

Short-term debt

700 k800 k800 k800 k800 k800 k800 k

Current Liabilities

85.6 m87.5 m82.4 m90.8 m115 m128 m135.5 m1 b650 m670 m712 m790 m1 b

Long-term debt

10 m279.6 m264.4 m264.2 m757 m752.6 m752.5 m4.7 b4.4 b4.4 b6.7 b6.7 b6.8 b

Total Debt

10.7 m280.4 m265.2 m265 m757.8 m753.4 m753.3 m4.7 b4.4 b4.4 b6.7 b6.7 b6.8 b

Total Liabilities

96.9 m372.6 m352.7 m361 m878 m890.2 m898 m6.3 b5.6 b5.3 b7.6 b7.7 b8.2 b

Total Equity

1.1 b821.1 m828.7 m833.3 m476 m492.4 m493.1 m9.7 b9.5 b10.2 b9.7 b9.9 b10.1 b

Financial Leverage

1.1 x1.5 x1.4 x1.4 x2.8 x2.8 x2.8 x1.7 x1.7 x1.6 x1.9 x1.9 x1.9 x

Cash Flow

Annual

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

Net Income

146.1 m178.1 m157 m258 m

Depreciation and Amortization

48.9 m50.2 m89 m546 m

Cash From Operating Activities

212.2 m246.8 m239 m1.3 b

Purchases of PP&E

(106.5 m)(78.6 m)(264 m)(1.2 b)

Cash From Investing Activities

(113.6 m)(75.1 m)(1.5 b)(1.2 b)

Cash From Financing Activities

(261.2 m)(198.5 m)1.3 b115 m

Quarterly

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

Net Income

109.3 m55.7 m98.6 m141.7 m45.9 m97.3 m139.1 m(37 m)(17 m)126 m187 m378 m595 m

Depreciation and Amortization

36.3 m12.6 m25 m37.5 m12.7 m25.4 m38.1 m132 m269 m407 m187 m351 m515 m

Inventories

(1 m)3 m4 m2 m3 m

Cash From Operating Activities

167.1 m71.9 m128.4 m190.3 m58.5 m127.9 m184.9 m295 m593 m932 m377 m844 m1.3 b

Purchases of PP&E

(81 m)(5.1 m)(13.2 m)(47.1 m)(29.7 m)(63.5 m)(121.1 m)(291 m)(569 m)(874 m)(280 m)(652 m)(1 b)

Cash From Investing Activities

(81 m)(6.6 m)(9.4 m)(43.1 m)(29.3 m)(64.2 m)(119.1 m)(240 m)(526 m)(849 m)(953 m)(1.4 b)(1.8 b)

Cash From Financing Activities

(215.9 m)(78.8 m)(129.9 m)(169.1 m)76 m39.4 m(2.7 m)(94 m)(75 m)82 m607 m619 m268 m

Ratios

USDY, 2017

EV/EBIT

70.7 x

EV/CFO

16.4 x

Financial Leverage

1.9 x
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