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GuruFocus has detected 6 Warning Signs with Magellan Midstream Partners LP \$MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Pre-Tax Income
\$806 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Magellan Midstream Partners LP's pretax income for the three months ended in Dec. 2016 was \$214 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was \$806 Mil. Magellan Midstream Partners LP's pretax margin was 34.84%.

During the past 13 years, Magellan Midstream Partners LP's highest Pretax Margin was 37.54%. The lowest was 17.61%. And the median was 26.05%.

Definition

This is the income that a company earns before paying income taxes.

Magellan Midstream Partners LP's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 935.052 + 36.347 + -166.812 + 1.402 + 0 = 806

Magellan Midstream Partners LP's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 258.578 + 0.684 + -45.382 + 0.335 + 2.84217094304E-14 = 214

Magellan Midstream Partners LP Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 207.941 (Mar. 2016 ) + 188.544 (Jun. 2016 ) + 195.289 (Sep. 2016 ) + 214.215 (Dec. 2016 ) = \$806 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Magellan Midstream Partners LP's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

 Pretax Margin = Pretax Income / Revenue = 214.215 / 614.915 = 34.84%

During the past 13 years, Magellan Midstream Partners LP's highest Pretax Margin was 37.54%. The lowest was 17.61%. And the median was 26.05%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Magellan Midstream Partners LP Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pretax Income 232 332 228 313 415 438 587 844 821 806

Magellan Midstream Partners LP Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Pretax Income 200 253 185 177 252 208 208 189 195 214
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