Magellan Midstream Partners, L.P.

MMP

Financial Statements

Income Statement (Annual)

Amounts in millions

2022

12/31/2022

Revenue

3,200

Cost of Revenue

1,412

Gross Profit

1,788

Gross Margin

55.9%

Operating Income

796

Operating Margin

24.9%

Net Income

1,036

Net Margin

32.4%

EPS (Basic)

$4.95

EPS (Diluted)

$4.95

EBITDA

1,089

EBITDA Margin

34.0%

2021

12/31/2021

Revenue

2,733

Cost of Revenue

1,008

Gross Profit

1,725

Gross Margin

63.1%

Operating Income

858

Operating Margin

31.4%

Net Income

982

Net Margin

35.9%

EPS (Basic)

$4.47

EPS (Diluted)

$4.47

EBITDA

1,086

EBITDA Margin

39.7%

2020

12/31/2020

Revenue

2,428

Cost of Revenue

772

Gross Profit

1,655

Gross Margin

68.2%

Operating Income

771

Operating Margin

31.8%

Net Income

817

Net Margin

33.7%

EPS (Basic)

$3.62

EPS (Diluted)

$3.62

EBITDA

1,030

EBITDA Margin

42.4%

2019

12/31/2019

Revenue

2,728

Cost of Revenue

865

Gross Profit

1,862

Gross Margin

68.3%

Operating Income

949

Operating Margin

34.8%

Net Income

1,021

Net Margin

37.4%

EPS (Basic)

$4.46

EPS (Diluted)

$4.46

EBITDA

1,195

EBITDA Margin

43.8%

2018

12/31/2018

Revenue

2,827

Cost of Revenue

969

Gross Profit

1,857

Gross Margin

65.7%

Operating Income

1,195

Operating Margin

42.3%

Net Income

1,334

Net Margin

47.2%

EPS (Basic)

$5.84

EPS (Diluted)

$5.84

EBITDA

1,184

EBITDA Margin

41.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2022	2021	2020	2019	2018
Revenue	3,200	2,733	2,428	2,728	2,827
Cost of Revenue	1,412	1,008	772	865	969
Gross Profit	1,788	1,725	1,655	1,862	1,857
Gross Margin	55.9%	63.1%	68.2%	68.3%	65.7%
Operating Income	796	858	771	949	1,195
Operating Margin	24.9%	31.4%	31.8%	34.8%	42.3%
Net Income	1,036	982	817	1,021	1,334
Net Margin	32.4%	35.9%	33.7%	37.4%	47.2%
EPS (Basic)	$4.95	$4.47	$3.62	$4.46	$5.84
EPS (Diluted)	$4.95	$4.47	$3.62	$4.46	$5.84
EBITDA	1,089	1,086	1,030	1,195	1,184
EBITDA Margin	34.0%	39.7%	42.4%	43.8%	41.9%