Marathon Petroleum Corporation (MPC)

Marathon Petroleum Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	141,982	148,379	177,453	119,983	69,779	111,148
Other Revenue	688	969	783	468	117	127
Revenue	142,670	149,348	178,236	120,451	69,896	111,275
Revenue Growth (YoY)	-6.59%	-16.21%	47.97%	72.33%	-37.19%	28.96%
Cost of Revenue	128,264	128,566	151,671	110,008	65,733	99,228
Gross Profit	14,406	20,782	26,565	10,443	4,163	12,047
Selling, General & Admin	3,186	2,950	2,775	2,601	2,721	3,196
Other Operating Expenses	879	881	825	721	667	561
Operating Expenses	7,404	7,138	6,815	6,686	6,763	6,982
Operating Income	7,002	13,644	19,750	3,757	-2,600	5,065
Interest Expense	-1,312	-1,265	-1,195	-1,267	-1,333	-1,231
Interest & Investment Income	457	530	191	14	9	40
Earnings From Equity Investments	991	742	655	458	-935	312
Other Non Operating Income (Expenses)	-33	-12	-21	-34	-39	-34
EBT Excluding Unusual Items	7,105	13,639	19,380	2,928	-4,898	4,152
Merger & Restructuring Charges	-	-	-	-	-367	-
Impairment of Goodwill	-	-	-	-	-7,394	-1,197
Gain (Loss) on Sale of Investments	132	142	30	1	-	-
Gain (Loss) on Sale of Assets	108	217	1,061	21	70	278
Asset Writedown	-	-	-	-	-1,032	-
Other Unusual Items	-	-9	-2	-133	9	-
Pretax Income	7,345	13,989	20,469	2,817	-13,612	3,233
Income Tax Expense	1,186	2,817	4,491	264	-2,430	784
Earnings From Continuing Operations	6,159	11,172	15,978	2,553	-11,182	2,449
Earnings From Discontinued Operations	-	-	72	8,448	1,205	806
Net Income to Company	6,159	11,172	16,050	11,001	-9,977	3,255
Minority Interest in Earnings	-1,634	-1,491	-1,534	-1,263	151	-618
Net Income	4,525	9,681	14,516	9,738	-9,826	2,637
Preferred Dividends & Other Adjustments	4	9	8	2	1	1
Net Income to Common	4,521	9,672	14,508	9,736	-9,827	2,636
Net Income Growth	-60.83%	-33.31%	49.07%	-	-	-5.14%
Shares Outstanding (Basic)	354	407	512	634	649	659
Shares Outstanding (Diluted)	355	409	516	638	649	664
Shares Change (YoY)	-17.82%	-20.74%	-19.12%	-1.69%	-2.26%	26.24%
EPS (Basic)	12.78	23.76	28.34	15.36	-15.14	4.00
EPS (Diluted)	12.73	23.63	28.12	15.26	-15.14	3.97
EPS Growth	-52.34%	-15.97%	84.25%	-	-	-24.73%
Free Cash Flow	5,326	12,227	13,941	2,896	-368	4,631
Free Cash Flow Per Share	15.00	29.89	27.02	4.54	-0.57	6.97
Dividend Per Share	3.385	3.150	2.660	2.320	2.320	2.170
Dividend Growth	10.08%	18.42%	14.66%	0%	6.91%	13.61%
Gross Margin	10.10%	13.92%	14.90%	8.67%	5.96%	10.83%
Operating Margin	4.91%	9.14%	11.08%	3.12%	-3.72%	4.55%
Profit Margin	3.17%	6.48%	8.14%	8.08%	-14.06%	2.37%
Free Cash Flow Margin	3.73%	8.19%	7.82%	2.40%	-0.53%	4.16%
EBITDA	10,341	16,951	22,965	7,121	775	8,290
EBITDA Margin	7.25%	11.35%	12.88%	5.91%	1.11%	7.45%
D&A For EBITDA	3,339	3,307	3,215	3,364	3,375	3,225
EBIT	7,002	13,644	19,750	3,757	-2,600	5,065
EBIT Margin	4.91%	9.14%	11.08%	3.12%	-3.72%	4.55%
Effective Tax Rate	16.15%	20.14%	21.94%	9.37%	-	24.25%
Revenue as Reported	143,769	150,307	179,952	120,930	69,032	111,865

Source: S&P Capital IQ. Standard template. Financial Sources.