Cash flow Martin Midstream Partners L.P.

Equities

MMLP

US5733311055

Oil & Gas Transportation Services

Market Closed - Nasdaq Other stock markets 21:00:00 18/09/2024 BST			5-day change	1st Jan Change
3.570 ^USD	+0.56%		+2.29%	+48.75%

07-29	Sector Update: Energy Stocks Fall Late Monday Afternoon	MT
07-29	Sector Update: Energy	MT

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Published financial data: MARTIN MIDSTREAM PARTNERS L.P.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	847M	672M	882M	1.02B	798M
Total Revenues	847M	672M	882M	1.02B	798M
Cost of Goods Sold, Total	702M	541M	727M	875M	570M
Gross Profit	145M	131M	155M	144M	228M
Selling General & Admin Expenses, Total	41.43M	40.9M	41.01M	41.81M	40.31M
Depreciation & Amortization - (IS)	60.06M	61.46M	56.75M	56.28M	49.9M
Other Operating Expenses	45K	-2.7M	-	-	-
Other Operating Expenses, Total	102M	99.66M	97.76M	98.09M	90.21M
Operating Income	43.47M	31.81M	57.62M	45.59M	138M
Interest Expense, Total	-52.09M	-46.4M	-54.11M	-53.66M	-60.29M
Interest And Investment Income	91K	-	-	-	-
Net Interest Expenses	-52M	-46.4M	-54.11M	-53.66M	-60.29M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	312K	197K	-5K	-5K	56K
EBT, Excl. Unusual Items	-8.21M	-14.4M	3.51M	-8.08M	77.91M
Restructuring Charges	-	-	-	-	-72.8M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	13.33M	9.79M	-534K	5.67M	1.37M
Asset Writedown	-	-	-	-	-
Insurance Settlements	1.3M	4.91M	196K	-	-
Other Unusual Items	-	-5.33M	-	-	-5.12M
EBT, Incl. Unusual Items	6.42M	-5.04M	3.17M	-2.41M	1.37M
Income Tax Expense	1.9M	1.74M	3.38M	7.93M	5.92M
Earnings From Continuing Operations	4.52M	-6.77M	-211K	-10.33M	-4.55M
Earnings Of Discontinued Operations	-179M	-	-	-	-
Net Income to Company	-175M	-6.77M	-211K	-10.33M	-4.55M
Minority Interest	3.5M	135K	4K	207K	91K
Net Income - (IS)	-171M	-6.64M	-207K	-10.13M	-4.46M
Preferred Dividend and Other Adjustments	41K	-21K	-	-40K	-14K
Net Income to Common Incl Extra Items	-171M	-6.62M	-207K	-10.09M	-4.44M
Net Income to Common Excl. Extra Items	7.98M	-6.62M	-207K	-10.09M	-4.44M
Per Share Items
Net EPS - Basic	-4.44	-0.17	-0.01	-0.26	-0.11
Basic EPS - Continuing Operations	0.21	-0.17	-0.01	-0.26	-0.11
Basic Weighted Average Shares Outstanding	38.66M	38.66M	38.69M	38.73M	38.77M
Net EPS - Diluted	-4.44	-0.17	-0.01	-0.26	-0.11
Diluted EPS - Continuing Operations	0.2	-0.17	-0.01	-0.26	-0.11
Diluted Weighted Average Shares Outstanding	38.66M	38.66M	38.69M	38.73M	38.77M
Normalized Basic EPS	-0.04	-0.23	0.06	-0.12	1.26
Normalized Diluted EPS	-0.04	-0.23	0.06	-0.12	1.26
Dividend Per Share	0.81	0.08	0.02	0.02	0.02
Payout Ratio	-28.06	-78.53	-374.4	-7.67	-17.43
Supplemental Items
EBITDA	104M	93.27M	114M	102M	188M
EBITA	49.68M	37.45M	62.08M	51.69M	143M
EBIT	43.47M	31.81M	57.62M	45.59M	138M
EBITDAR	128M	117M	134M	124M	210M
Total Revenues (As Reported)	847M	672M	882M	1.02B	798M
Effective Tax Rate - (Ratio)	29.6	-34.48	106.66	-329.33	432.29
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Normalized Net Income	-1.63M	-8.86M	2.2M	-4.84M	48.79M
Distributable Cash	51.53M	39.7M	44.63M	37.93M	32.78M
Interest Capitalized	5K	43K	-	-	310K
Interest on Long-Term Debt	50.36M	44.66M	52.19M	51.72M	56.92M
Supplemental Operating Expense Items
Net Rental Expense, Total	24.65M	23.97M	19.67M	22.48M	21.8M
Imputed Operating Lease Interest Expense	16.18M	15.61M	16.06M	18.05M	20.53M
Imputed Operating Lease Depreciation	8.47M	8.35M	3.61M	4.44M	1.28M
Stock-Based Comp., SG&A Exp. (Total)	1.42M	-	-	-	-
Stock-Based Comp., Other (Total)	-	1.42M	799K	3.28M	-14K
Total Stock-Based Compensation	1.42M	1.42M	799K	3.28M	-14K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.86M	4.96M	52K	45K	54K
Total Cash And Short Term Investments	2.86M	4.96M	52K	45K	54K
Accounts Receivable, Total	105M	67.56M	98.61M	87.65M	61.22M
Other Receivables	-	-	70K	374K	29K
Total Receivables	105M	67.56M	98.68M	88.02M	61.25M
Inventory	62.54M	54.12M	62.12M	110M	43.82M
Other Current Assets, Total	10.88M	8.99M	12.84M	13.26M	9.19M
Total Current Assets	181M	136M	174M	211M	114M
Gross Property Plant And Equipment	909M	911M	921M	938M	979M
Accumulated Depreciation	-468M	-509M	-553M	-584M	-613M
Net Property Plant And Equipment	441M	402M	367M	354M	366M
Long-term Investments	-	-	-	-	-
Goodwill	17.7M	16.82M	16.82M	16.67M	16.67M
Other Intangibles, Total	936K	586K	358K	154K	55K
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	23.42M	22.25M	19.82M	14.39M	10.2M
Deferred Charges Long-Term	1.66M	803K	687K	1.11M	701K
Other Long-Term Assets, Total	976K	1.42M	1.15M	1.15M	1.28M
Total Assets	667M	580M	580M	599M	509M
Liabilities
Accounts Payable, Total	62.48M	51.87M	68.94M	75.2M	55.04M
Accrued Expenses, Total	21.04M	25.19M	22.99M	23.69M	26.57M
Current Portion of Long-Term Debt	-	28.79M	-	-	-
Current Portion of Leases	14.48M	10.24M	6.88M	9.09M	14.9M
Current Income Taxes Payable	472K	556K	385K	665K	652K
Other Current Liabilities	8.8M	2.74M	4.9M	2.28M	3.39M
Total Current Liabilities	107M	119M	104M	111M	101M
Long-Term Debt	570M	485M	499M	513M	421M
Long-Term Leases	17.37M	15.47M	15.71M	26.27M	45.68M
Other Non Current Liabilities	8.91M	7.07M	9.23M	8.23M	6.58M
Total Liabilities	703M	627M	628M	658M	574M
Common Stock, Total	-38.34M	-48.78M	-50.74M	-61.11M	-66.18M
Comprehensive Income and Other	-	-	816K	-	-
Total Common Equity	-38.34M	-48.78M	-49.92M	-61.11M	-66.18M
Minority Interest	2.15M	1.9M	1.89M	1.66M	1.56M
Total Equity	-36.2M	-46.87M	-48.04M	-59.44M	-64.62M
Total Liabilities And Equity	667M	580M	580M	599M	509M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.94M	38.89M	38.84M	38.91M	39M
ECS Total Common Shares Outstanding	38.86M	38.85M	38.8M	38.85M	38.91M
Book Value / Share	-0.99	-1.26	-1.29	-1.57	-1.7
Tangible Book Value	-56.98M	-66.18M	-67.11M	-77.94M	-82.91M
Tangible Book Value Per Share	-1.47	-1.7	-1.73	-2.01	-2.13
Total Debt	602M	539M	521M	548M	482M
Net Debt	599M	534M	521M	548M	482M
Debt Equivalent Oper. Leases	197M	192M	157M	180M	174M
Minority Interest, Total (Incl. Fin. Div)	2.15M	1.9M	1.89M	1.66M	1.56M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	58.46M	49.76M	57.53M	104M	37.96M
Inventories - Others	4.08M	4.36M	4.59M	5.91M	5.86M
Land - (BS)	22.08M	21.46M	21.42M	21.65M	18.82M
Machinery, Total	707M	721M	731M	734M	747M
Accumulated Allowance for Doubtful Accounts (Supple)	532K	261K	311K	496K	530K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-171M	-6.64M	-207K	-10.13M	-4.46M
Depreciation & Amortization - CF	53.86M	55.82M	52.29M	50.19M	44.7M
Amortization of Goodwill and Intangible Assets - (CF)	6.2M	5.64M	4.46M	6.09M	5.2M
Depreciation & Amortization, Total	60.06M	61.46M	56.75M	56.28M	49.9M
Amortization of Deferred Charges, Total - (CF)	4.04M	3.42M	3.37M	3.15M	3.98M
(Gain) Loss From Sale Of Asset	-13.33M	-9.79M	534K	-5.67M	-1.37M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.42M	1.42M	384K	161K	163K
Net Cash From Discontinued Operations	7.77M	-	-	-	-
Other Operating Activities, Total	178M	-8.76M	2.84M	4.72M	11.42M
Change In Accounts Receivable	62K	30.74M	-31.45M	4.58M	26.35M
Change In Inventories	21.49M	5.26M	-8.33M	-47.68M	65.98M
Change In Accounts Payable	-898K	-7.32M	14.33M	486K	-17.54M
Change In Income Taxes	27K	84K	-171K	280K	-13K
Change in Other Net Operating Assets	-11.08M	-5.11M	-2.32M	9.96M	3.08M
Cash from Operations	75.82M	64.78M	35.73M	16.15M	137M
Capital Expenditure	-30.62M	-28.62M	-16.06M	-27.24M	-34.32M
Sale of Property, Plant, and Equipment	25.69M	32.7M	927K	7.77M	5.48M
Cash Acquisitions	-23.72M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	203M	-1.48M	-4.11M	-5.18M	-4.82M
Cash from Investing	175M	2.6M	-19.24M	-24.64M	-33.66M
Long-Term Debt Issued, Total	638M	282M	316M	405M	543M
Total Debt Issued	638M	282M	316M	405M	543M
Long-Term Debt Repaid, Total	-730M	-338M	-336M	-394M	-632M
Total Debt Repaid	-730M	-338M	-336M	-394M	-632M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-392K	-9K	-17K	-	-
Common Dividends Paid	-48.11M	-5.21M	-775K	-777K	-777K
Common & Preferred Stock Dividends Paid	-48.11M	-5.21M	-775K	-777K	-777K
Other Financing Activities, Total	-108M	-3.89M	-605K	-1.36M	-14.3M
Cash from Financing	-248M	-65.29M	-21.39M	8.49M	-104M
Net Change in Cash	2.56M	2.1M	-4.91M	-7K	9K
Supplemental Items
Maintenance CAPEX	13.28M	10.14M	14.12M	19.07M	24.28M
Cash Interest Paid	48.02M	37.68M	51.71M	50.52M	51.61M
Cash Income Tax Paid (Refund)	515K	416K	1.23M	2.25M	1.4M
Levered Free Cash Flow	45.21M	63.95M	20.94M	-2.39M	149M
Unlevered Free Cash Flow	73.72M	89.53M	51.39M	28M	183M
Change In Net Working Capital	-15.69M	-35.39M	26.11M	32.82M	-80.65M
Net Debt Issued / Repaid	-91.51M	-56.18M	-20M	10.63M	-88.72M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.12	3.19	6.21	4.84	15.58
Return on Total Capital	3.57	3.76	7.46	5.92	19.06
Return On Equity %	3.58	16.3	0.44	19.23	7.33
Return on Common Equity	6.55	15.19	0.42	18.17	6.98
Margin Analysis
Gross Profit Margin %	17.12	19.56	17.61	14.1	28.62
SG&A Margin	4.89	6.08	4.65	4.1	5.05
EBITDA Margin %	12.22	13.88	12.96	10	23.57
EBITA Margin %	5.86	5.57	7.03	5.07	17.96
EBIT Margin %	5.13	4.73	6.53	4.47	17.31
Income From Continuing Operations Margin %	0.53	-1.01	-0.02	-1.01	-0.57
Net Income Margin %	-20.24	-0.99	-0.02	-0.99	-0.56
Net Avail. For Common Margin %	0.94	-0.98	-0.02	-0.99	-0.56
Normalized Net Income Margin	-0.19	-1.32	0.25	-0.48	6.11
Levered Free Cash Flow Margin	5.34	9.51	2.37	-0.23	18.65
Unlevered Free Cash Flow Margin	8.7	13.32	5.82	2.75	22.88
Asset Turnover
Asset Turnover	0.97	1.08	1.52	1.73	1.44
Fixed Assets Turnover	1.91	1.59	2.29	2.82	2.22
Receivables Turnover (Average Receivables)	8.17	7.79	10.62	10.94	10.72
Inventory Turnover (Average Inventory)	9.57	9.27	12.51	10.18	7.42
Short Term Liquidity
Current Ratio	1.69	1.14	1.67	1.9	1.14
Quick Ratio	1.01	0.61	0.95	0.79	0.61
Operating Cash Flow to Current Liabilities	0.71	0.54	0.34	0.15	1.37
Days Sales Outstanding (Average Receivables)	44.68	47	34.36	33.36	34.05
Days Outstanding Inventory (Average Inventory)	38.16	39.49	29.18	35.85	49.22
Average Days Payable Outstanding	33.93	39.31	29.99	28.5	47.19
Cash Conversion Cycle (Average Days)	48.92	47.17	33.55	40.71	36.07
Long Term Solvency
Total Debt/Equity	-1.66K	-1.15K	-1.09K