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GuruFocus has detected 4 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Pre-Tax Income
$822 Mil (TTM As of Mar. 2017)

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 Mar. 2017 was $224 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $822 Mil. Magellan Midstream Partners LP's pretax margin was 34.82%.

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 Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=271.473+-1.17+-47.015+0.292+-2.84217094304E-14
=224

Magellan Midstream Partners LP Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 188.544 (Jun. 2016 ) + 195.289 (Sep. 2016 ) + 214.215 (Dec. 2016 ) + 223.58 (Mar. 2017 ) = $822 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 Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=223.58/642.074
=34.82%

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

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 253185177252208208189195214224
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