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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues and other income:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 7,041 $ 5,449  
Rental income 388 352 $ 277
Rental income - related parties 1,196 846 279
Income from equity method investments [1],[2] 290 247 78
Other income 12 7 6
Other income - related parties 114 99 92
Total revenues and other income 9,041 7,005 3,867
Costs and expenses:      
Rental cost of sales 141 135 62
Rental cost of sales - related parties 165 31 2
Purchases - related parties 1,231 925 455
Depreciation and amortization [3] 1,254 867 683
Impairment expense 1,197 0 0
General and administrative expenses 388 316 241
Other taxes 113 83 54
Total costs and expenses 6,664 4,277 2,676
Income from operations 2,377 2,728 1,191
Related party interest and other financial costs 11 5 2
Interest expense (net of amounts capitalized of $51 million, $37 million and $32 million, respectively) 851 590 296
Other financial costs 53 119 56
Income before income taxes 1,462 2,014 837
Provision for income taxes 0 8 1
Net income 1,462 2,006 836
Less: Net income attributable to noncontrolling interests 28 16 6
Less: Net income attributable to Predecessor 401 172 36
Net income attributable to MPLX LP [4] 1,033 1,818 794
Less: Series A preferred unit distributions     65
Less: General partner’s interest in net income attributable to MPLX LP 0 0 318
Limited partners’ interest in net income attributable to MPLX LP $ 935 $ 1,743 $ 411
Weighted average limited partner units outstanding:      
Common - basic (in units) 906 [5] 761 393
Common - diluted (in units) 907 [5] 761 396
Preferred Partner [Member]      
Costs and expenses:      
Net income attributable to MPLX LP [4] $ 81 $ 75 $ 65
Limited Partners Common Units      
Costs and expenses:      
Net income attributable to MPLX LP [4] $ 910 $ 1,743 $ 411
Net income attributable to MPLX LP per limited partner unit:      
Common - basic (in USD per unit) $ 1.00 $ 2.29 $ 1.07
Common - diluted (in USD per unit) $ 1.00 $ 2.29 $ 1.06
Weighted average limited partner units outstanding:      
Common - basic (in units) 906 [5] 761 385
Common - diluted (in units) 907 [5] 761 388
Service [Member]      
Revenues and other income:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,498 $ 1,856 $ 1,156
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 3,455 2,404 1,082
Product [Member]      
Revenues and other income:      
Revenue from Contract with Customer, Excluding Assessed Tax 806 887 889
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties [6] 142 87 8
Oil and Gas, Refining and Marketing [Member]      
Costs and expenses:      
Cost of Goods and Services Sold 1,489 1,096 528
Natural Gas, Midstream [Member]      
Costs and expenses:      
Cost of Goods and Services Sold 686 824 651
Service, Other [Member]      
Revenues and other income:      
Revenue from Contract with Customer, Excluding Assessed Tax 140 220 0
Series A Preferred Stock [Member] | Preferred Partner [Member]      
Costs and expenses:      
Less: Series A preferred unit distributions 81 75  
Series B Preferred Stock [Member] | Preferred Partner [Member]      
Costs and expenses:      
Less: Series A preferred unit distributions $ 17 $ 0 $ 0
[1]
“Income from equity method investments” includes the impact of any basis differential amortization or accretion.
[2] The financial information for equity method investments for 2019 includes financial information of equity method investments acquired as part of the Merger. The financial information for equity method investments for 2018 includes financial information of equity method investments acquired as part of the Merger for the last three months of 2018. The financial information for equity method investments for 2017 does not include financial information of equity method investments acquired as part of the Merger. See Note 1 for additional information
[3]
Depreciation and amortization attributable to L&S was $503 million, $308 million and $163 million for the years ended 2019, 2018 and 2017, respectively. Depreciation and amortization attributable to G&P was $751 million, $559 million and $520 million for 2019, 2018 and 2017, respectively.
[4]
Allocation of net income/(loss) attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[5]
The Series B preferred units and the MPLX common units issued in connection with the Merger were not outstanding during the entire year. See Notes 4 and 8 for additional information about the treatment of these units.
[6]
There were additional product sales to MPC that net to zero within the consolidated financial statements as the transactions are recorded net due to the terms of the agreements under which such product was sold. For 2019, 2018 and 2017, these sales totaled $1,120 million, $607 million and $254 million, respectively.