MPLX LP (MPLX)

MPLX LP Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	11,414	11,281	11,613	10,027	7,569	9,041
Revenue Growth (YoY)	-2.58%	-2.86%	15.82%	32.47%	-16.28%	29.06%
Cost of Revenue	4,691	4,658	5,022	4,233	3,276	3,712
Gross Profit	6,723	6,623	6,591	5,794	4,293	5,329
Selling, General & Admin	399	379	335	353	378	388
Other Operating Expenses	1,369	1,344	1,345	1,449	3,704	2,564
Operating Expenses	1,768	1,723	1,680	1,802	4,082	2,952
Operating Income	4,955	4,900	4,911	3,992	211	2,377
Interest Expense / Income	673	897	843	785	829	851
Other Expense / Income	281	64	116	129	100	493
Pretax Income	4,001	3,939	3,952	3,078	-718	1,033
Income Tax	11	11	8	1	2	0
Net Income	3,990	3,928	3,944	3,077	-720	1,033
Preferred Dividends	81	99	129	141	122	98
Net Income Common	3,909	3,829	3,815	2,936	-842	935
Net Income Growth	-0.71%	0.37%	29.94%	-	-	-46.36%
Shares Outstanding (Basic)	1,008	1,001	1,010	1,027	1,051	906
Shares Outstanding (Diluted)	1,008	1,002	1,010	1,027	1,051	907
Shares Change	0.70%	-0.79%	-1.66%	-2.28%	15.88%	19.19%
EPS (Basic)	3.88	3.80	3.75	2.86	-0.80	1.00
EPS (Diluted)	3.88	3.80	3.75	2.86	-0.80	1.00
EPS Growth	0%	1.33%	31.12%	-	-	-56.33%
Free Cash Flow	4,464	4,486	4,297	4,508	3,394	1,704
Free Cash Flow Per Share	4.43	4.48	4.25	4.39	3.23	1.88
Dividend Per Share	3.250	3.175	2.890	3.343	2.750	2.651
Dividend Growth	9.80%	9.86%	-13.55%	21.56%	3.73%	6.47%
Gross Margin	58.90%	58.71%	56.76%	57.78%	56.72%	58.94%
Operating Margin	43.41%	43.44%	42.29%	39.81%	2.79%	26.29%
Profit Margin	34.25%	33.94%	32.85%	29.28%	-11.12%	10.34%
Free Cash Flow Margin	39.11%	39.77%	37.00%	44.96%	44.84%	18.85%
Effective Tax Rate	0.27%	0.28%	0.20%	0.03%	-	-
EBITDA	5,908	6,049	6,025	5,150	1,488	3,138
EBITDA Margin	51.76%	53.62%	51.88%	51.36%	19.66%	34.71%
Depreciation & Amortization	1,234	1,213	1,230	1,287	1,377	1,254
EBIT	4,674	4,836	4,795	3,863	111	1,884
EBIT Margin	40.95%	42.87%	41.29%	38.53%	1.47%	20.84%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).