MPLX LP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
MPLX$56.71-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
MPLX LP
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities: | |||
| Net income | $4,357 | $3,966 | $3,978 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of deferred financing costs | 54 | 55 | 73 |
| Depreciation and amortization | 1,283 | 1,213 | 1,230 |
| Deferred income taxes | 2 | 3 | 3 |
| Gain on sales-type leases and equity method investments | (20) | (92) | (509) |
| Loss/(gain) on disposal of assets | 3 | (14) | 34 |
| Income from equity method investments | (802) | (600) | (476) |
| Distributions from unconsolidated affiliates | 826 | 736 | 578 |
| Change in fair value of derivatives | (3) | — | (47) |
| Changes in: | |||
| Receivables | 180 | 14 | 14 |
| Inventories | (20) | (19) | (5) |
| Current accounts payable and other current assets and liabilities | 5 | (17) | (26) |
| Assets and liabilities - related parties | 84 | 84 | 40 |
| Right of use assets and operating lease liabilities | (3) | — | (3) |
| Deferred revenue | (5) | 107 | 108 |
| All other, net | 5 | (39) | 27 |
| Net cash provided by operating activities | 5,946 | 5,397 | 5,019 |
| Investing activities: | |||
| Additions to property, plant and equipment | (1,056) | (937) | (806) |
| Acquisitions, net of cash acquired | (622) | (246) | (28) |
| Disposal of assets | 1 | 26 | 84 |
| Investments - acquisitions and contributions | (464) | (98) | (217) |
| Investments - redemptions, repayments, return of capital and sales proceeds | 146 | 3 | 11 |
| Net cash used in investing activities | (1,995) | (1,252) | (956) |
| Financing activities: | |||
| Long-term debt borrowings | 1,630 | 1,589 | 3,379 |
| Long-term debt repayments | (1,151) | (1,001) | (2,202) |
| Related party debt borrowings | — | — | 2,989 |
| Related party debt repayments | — | — | (4,439) |
| Debt issuance costs | (15) | (15) | (29) |
| Unit repurchases | (326) | — | (491) |
| Redemption of Series B preferred units | — | (600) | — |
| Distributions to noncontrolling interests | (44) | (41) | (38) |
| Distributions to Series A preferred unitholders | (44) | (94) | (85) |
| Distributions to Series B preferred unitholders | — | (21) | (41) |
| Distributions to LP unitholders | (3,559) | (3,181) | (2,921) |
| Contributions from MPC | 35 | 31 | 44 |
| All other, net | (6) | (2) | (4) |
| Net cash used in financing activities | (3,480) | (3,335) | (3,838) |
| Net change in cash, cash equivalents and restricted cash | 471 | 810 | 225 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,048 | 238 | 13 |
| Cash, cash equivalents and restricted cash at end of period | $1,519 | $1,048 | $238 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.