MPLX LP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
MPLX$55.91-1.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
MPLX LP
| December 31, | ||
|---|---|---|
| (In millions) | 2023 | 2022 |
| Assets | ||
| Cash and cash equivalents | $1,048 | $238 |
| Receivables, net | 823 | 737 |
| Current assets - related parties | 748 | 729 |
| Inventories | 159 | 148 |
| Other current assets | 30 | 53 |
| Total current assets | 2,808 | 1,905 |
| Equity method investments | 3,743 | 4,095 |
| Property, plant and equipment, net | 19,264 | 18,848 |
| Intangibles, net | 654 | 705 |
| Goodwill | 7,645 | 7,645 |
| Right of use assets, net | 264 | 283 |
| Noncurrent assets - related parties | 1,161 | 1,225 |
| Other noncurrent assets | 990 | 959 |
| Total assets | 36,529 | 35,665 |
| Liabilities | ||
| Accounts payable | 153 | 224 |
| Accrued liabilities | 300 | 269 |
| Current liabilities - related parties | 360 | 343 |
| Accrued property, plant and equipment | 216 | 128 |
| Long-term debt due within one year | 1,135 | 988 |
| Accrued interest payable | 242 | 237 |
| Operating lease liabilities | 45 | 46 |
| Other current liabilities | 173 | 166 |
| Total current liabilities | 2,624 | 2,401 |
| Long-term deferred revenue | 347 | 219 |
| Long-term liabilities - related parties | 325 | 338 |
| Long-term debt | 19,296 | 18,808 |
| Deferred income taxes | 16 | 13 |
| Long-term operating lease liabilities | 211 | 230 |
| Other long-term liabilities | 126 | 142 |
| Total liabilities | 22,945 | 22,151 |
| Commitments and contingencies (see Note 21) | ||
| Series A preferred units - (27 million and 30 million units outstanding) | 895 | 968 |
| Equity | ||
| Common unitholders - public (356 million and 354 million units outstanding) | 8,700 | 8,413 |
| Common unitholders - MPC (647 million and 647 million units outstanding) | 3,758 | 3,293 |
| Series B preferred units (0.0 million and 0.6 million units outstanding) | — | 611 |
| Accumulated other comprehensive loss | (4) | (8) |
| Total MPLX LP partners’ capital | 12,454 | 12,309 |
| Noncontrolling interests | 235 | 237 |
| Total equity | 12,689 | 12,546 |
| Total liabilities, preferred units and equity | $36,529 | $35,665 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.