MMLP FY 2007 Earnings Report — Martin Midstream Partners L.P. Revenue & Financial Results | Market Cap Arena

Martin Midstream Partners L.P.MMLP

FY 2007 Earnings

Reported March 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$766M	—	$576M	—	32.9%
Op. Income	$29M	—	$27M	—	8.5%
Gross Margin	19.2%	—	20.3%	—	-1.1pp
Net Margin	3.3%	—	3.9%	—	-0.6pp
EPS (Diluted)	$1.67	—	$1.69	—	-1.2%
Free Cash Flow	-$24M	—	-$27M	—	10.7%

Revenue Flow

Item	Amount
REVENUE	$766M
Cost of Revenue	$619M
GROSS PROFIT	$147M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12M
Other Expenses	$107M
Operating Expenses	$119M
Cost & Expenses	$738M
OPERATING INCOME	$29M
Interest Income	$299.0K
Interest Expense	$15M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$26M
Income Tax Expense	$644.0K
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$23M
EBIT	$40M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$766M
Cost of Revenue	$619M
GROSS PROFIT	$147M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12M
Other Expenses	$107M
Operating Expenses	$119M
Cost & Expenses	$738M
OPERATING INCOME	$29M
Interest Income	$299.0K
Interest Expense	$15M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$26M
Income Tax Expense	$644.0K
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$23M
EBIT	$40M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	-$149.0K
Other Non-Cash Items	$13M
Change in Working Capital	$6M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$82M
Acquisitions (Net)	-$41M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$2M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$127M
Net Debt Issuance	$51M
Common Stock Repurchased	$0
Common Dividends Paid	-$38M
Other Financing Activities	$940.0K
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	-$24M
Net Change in Cash	$810.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$52M
Other Current Assets	$819.0K
TOTAL CURRENT ASSETS	$158M
PP&E (Net)	$343M
Goodwill	$37M
Intangible Assets	$0
Long-Term Investments	$76M
Tax Assets	$9M
Other Non-Current Assets	$624.0K
TOTAL NON-CURRENT ASSETS	$466M
TOTAL ASSETS	$624M
Account Payables	$112M
Short-Term Debt	$21.0K
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$151M
Long-Term Debt	$225M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$236M
TOTAL LIABILITIES	$388M
Common Stock	$238M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	-$423M
TOTAL STOCKHOLDERS' EQUITY	-$192M
Minority Interest	$0
TOTAL EQUITY	-$192M
TOTAL LIABILITIES & EQUITY	$624M
Total Debt	$225M
Net Debt	$221M