| Address:
|
ONE WILLIAMS CENTER, MD 28-1
|
| City: |
TULSA |
|
State: |
OK |
|
Zip Code: |
74172 |
| Telephone: |
918 574 7000 |
|
Description of Business
|
Primary SIC Code:
4610 |
| (As filed with the SEC)
|
|
|
We are a Delaware limited partnership formed in August 2000 and our limited
partner units are traded on the New York Stock Exchange under the ticker symbol
"MMP." Magellan GP, LLC ("MMP GP"), a wholly-owned Delaware limited liability
company, serves as our general partner. Unless indicated otherwise, the terms
"our," "we," "us" and similar language refer to Magellan Midstream Partners,
L.P. together with its subsidiaries.
Business Acquisition
In September 2010, we acquired an aggregate 7.8 million barrels of crude oil
storage in the Cushing, Oklahoma area and more than 100 miles of active
petroleum pipelines in the Houston, Texas area from BP Pipelines (North
America), Inc. ("BP") for $291.3 million. Additionally, related to this
transaction, during October 2010, we acquired certain crude oil working
inventory at a fair value of approximately $53.0 million. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 3.48 | 0.800 | 17.36 | | 06/2011 | 2.70 | 0.785 | 22.12 | | 03/2011 | 3.05 | 0.770 | 19.63 | | 12/2010 | 2.85 | 0.758 | 19.82 | | 09/2010 | 3.17 | 0.745 | 16.23 | | 06/2010 | 3.11 | 0.732 | 15.03 | | 03/2010 | 2.52 | 0.720 | 18.86 | | 12/2009 | 2.22 | 0.710 | 19.52 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.21 | Total Liab/Total Assets | 0.61 | | Net Inc/Total Assets | 0.08 | Total Liab/Inv Cap | 0.66 | | Net Inc/Inv Cap | 0.09 | Total Liab/Comm Equity | -1.55 | | Pretax Inc/Net Sales | 0.20 | Interest Coverage Ratio | 4.35 | | Net Inc/Net Sales | 0.20 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.27 | LTD/Equity | NA | | SG&A/NetSales | 0.06 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 17.35 | Quick Ratio | 0.61 | | Inventory Turnover | 4.64 | Current Ratio | 1.40 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.26 | | Net Sales/Work Cap | 14.22 | Inv/Curr Assets | 0.56 | | Net Sales/PP&E | 0.48 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
435.51
|
383.33
|
442.90
|
398.49
|
|
Cost of Goods Sold
|
249.01
|
200.16
|
273.59
|
227.30
|
|
Selling & Admin Exps
|
20.47
|
25.28
|
24.59
|
28.27
|
|
Operating Income
|
137.75
|
128.67
|
116.72
|
115.12
|
|
Interest Exp
|
26.67
|
24.80
|
25.82
|
26.36
|
|
Pretax Income
|
110.69
|
103.48
|
90.53
|
88.43
|
|
Other Income
|
-0.40
|
-0.38
|
-0.38
|
-0.33
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
110.24
|
102.94
|
90.13
|
87.96
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
270.48
|
100.00
|
124.37
|
66.47
|
|
Receivables - Total
|
96.25
|
88.54
|
107.03
|
98.37
|
|
Inventories - Total
|
257.12
|
286.00
|
224.56
|
216.41
|
|
Total Current Assets
|
607.52
|
458.57
|
428.28
|
384.58
|
|
Net Property, Plant & Equipment
|
3,277.92
|
3,289.24
|
3,270.70
|
3,236.49
|
|
Total Assets
|
4,006.70
|
3,849.16
|
3,796.84
|
3,717.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
211.64
|
180.10
|
202.55
|
183.89
|
|
Debt in Current Liabilities
|
7.06
|
8.18
|
28.85
|
11.79
|
|
Total Current Liabilities
|
296.69
|
273.01
|
319.31
|
275.05
|
|
Long-Term Debt
|
2,153.44
|
2,042.25
|
1,967.60
|
1,906.15
|
|
Total Liabilities
|
2,530.37
|
2,391.71
|
2,363.57
|
2,262.59
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.00
|
0.00
|
0.00
|
14.26
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities and Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
208.09
|
70.67
|
147.39
|
108.77
|
|
Net Cash Provided by Investing Activities
|
-49.16
|
-58.97
|
-97.92
|
-118.36
|
|
Net Cash Provided by Financing Activities
|
26.15
|
-27.25
|
-28.42
|
-59.94
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,223.56 | 192.73 | 2.24 | | 12/2007 | 1,318.12 | 242.79 | 2.60 | | 12/2008 | 1,212.79 | 346.61 | 3.27 | | 12/2009 | 1,014.17 | 226.48 | 2.22 | | 12/2010 | 1,557.45 | 311.58 | 2.85 | | Growth Rates | 6.22 | 12.76 | 6.21 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 301 | 54,358 | 48.22 |
|
Report Date :
2/6/2012
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