MPLX LP
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
MPLX$56.71-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
MPLX LP
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Operating activities: | ||
| Net income | $3,248 | $2,822 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of deferred financing costs | 41 | 42 |
| Depreciation and amortization | 959 | 907 |
| Deferred income taxes | — | (1) |
| Gain on sales-type leases and equity method investments | (20) | — |
| Loss/(gain) on disposal of assets | 3 | (15) |
| Income from equity method investments | (631) | (438) |
| Distributions from unconsolidated affiliates | 596 | 526 |
| Change in fair value of derivatives | 7 | (3) |
| Changes in: | ||
| Receivables | 138 | (31) |
| Inventories | (11) | (15) |
| Current accounts payable and other current assets and liabilities | (54) | (36) |
| Assets and liabilities - related parties | (23) | 89 |
| Right of use assets and operating lease liabilities | 3 | 4 |
| Deferred revenue | 2 | 65 |
| All other, net | 13 | (8) |
| Net cash provided by operating activities | 4,271 | 3,908 |
| Investing activities: | ||
| Additions to property, plant and equipment | (748) | (662) |
| Acquisitions, net of cash acquired | (622) | — |
| Disposal of assets | — | 25 |
| Investments - acquisitions and contributions | (414) | (90) |
| - redemptions, repayments, return of capital and sales proceeds | 138 | — |
| Net cash used in investing activities | (1,646) | (727) |
| Financing activities: | ||
| Long-term debt borrowings | 1,630 | 1,589 |
| Long-term debt repayments | (1) | (1,001) |
| Debt issuance costs | (15) | (15) |
| Unit repurchases | (226) | — |
| Redemption of Series B preferred units | — | (600) |
| Distributions to noncontrolling interests | (33) | (30) |
| Distributions to Series A preferred unitholders | (38) | (69) |
| Distributions to Series B preferred unitholders | — | (21) |
| Distributions to unitholders and general partner | (2,585) | (2,329) |
| Contributions from MPC | 26 | 20 |
| All other, net | (5) | (3) |
| Net cash used in financing activities | (1,247) | (2,459) |
| Net change in cash, cash equivalents and restricted cash | 1,378 | 722 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,048 | 238 |
| Cash, cash equivalents and restricted cash at end of period | $2,426 | $960 |
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