Switch to:
GuruFocus has detected 6 Warning Signs with Magellan Midstream Partners LP $MMP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
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

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 232332228313415438587844821806

Magellan Midstream Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 200253185177252208208189195214
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK