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Marathon Petroleum Corp (MPC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues and other income:          
Sales and other operating revenues  179,952120,93069,032111,86586,58975,36963,36472,258
            Sales and other operating revenues growth  48.8%75.2%-38.3%29.2%14.9%18.9%-12.3%-26.3%
Income (loss) from equity method investments  655458-935312299306-18588
Net gain on disposal of assets  1,0612170278610327
Other income  783468118127198320178112
    Revenues and other income  179,952120,93069,032111,86586,58975,36963,36472,258
            Revenues and other income growth  48.8%75.2%-38.3%29.2%14.9%18.9%-12.3%-26.3%
Costs and expenses:          
Cost of revenues (excludes items below)  151,671110,00865,73399,22877,04767,08956,676 
Impairment expense    8,4261,197  130144
Depreciation and amortization  3,2153,3643,3753,2252,1702,1142,0011,502
Selling, general and administrative expenses  3,5973,2583,3783,7532,6822,1482,0321,967
Other taxes  825721668561406454435391
    Total costs and expenses  158,483116,63081,279107,40381,89971,35160,97867,566
    Income (loss) from continuing operations  21,4694,300-12,2474,4624,6904,0182,3864,692
            Operating margin  11.9%3.6%-17.7%4.0%5.4%5.3%3.8%6.5%
Net interest and other financial costs  -1,000.0-1,483.0-1,365.0-1,229.0-993.0-674.0-564.0-318.0
    Income (loss) from continuing operations before income taxes  20,4692,817-13,6123,2333,6973,3441,8224,374
Provision (benefit) for income taxes on continuing operations  4,491264-2,430784764-4606091,506
    Net income (loss)  16,05011,001-21,1593,2553,6063,8041,2132,868
   
Less net income (loss) attributable to:          
Redeemable noncontrolling interest          
Noncontrolling interests          
    Net income (loss) attributable to MPC  14,5169,738-9,8262,6372,7803,4321,1742,852
   
Per share data (See Note 10)          
Basic:          
   
Net income (loss) per share  $28.31$15.34($15.13)$4.00$5.36$6.76$2.22$5.29
   
Weighted average shares outstanding  512634649659518507528538
   
Diluted:          
Net income (loss) per share  $28.12$15.24($15.13)$3.97$5.28$6.70$2.21$5.26
Weighted average shares outstanding  1,5441,9106491,9871,5701,531530542

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