MMLP Q4 2016 Earnings Report — Martin Midstream Partners L.P. Revenue & Financial Results | Market Cap Arena

Martin Midstream Partners L.P.MMLP

Q4 2016 Earnings

Reported February 15, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$237M	$175M	—	35.7%	—
Op. Income	$29M	$9M	—	214.8%	—
Gross Margin	28.8%	32.5%	—	-3.7pp	—
Net Margin	7.5%	-0.5%	—	8.1pp	—
EPS (Diluted)	$0.49	$-0.03	—	1956.1%	—
Free Cash Flow	$43M	-$17M	—	349.5%	—

Revenue Flow

Item	Amount
REVENUE	$237M
Cost of Revenue	$169M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10M
Other Expenses	$29M
Operating Expenses	$39M
Cost & Expenses	$208M
OPERATING INCOME	$29M
Interest Income	$567.0K
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$18M
Income Tax Expense	$304.0K
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$26M
EBIT	$44M
EBITDA	$70M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$237M
Cost of Revenue	$169M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10M
Other Expenses	$29M
Operating Expenses	$39M
Cost & Expenses	$208M
OPERATING INCOME	$29M
Interest Income	$567.0K
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$18M
Income Tax Expense	$304.0K
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$26M
EBIT	$44M
EBITDA	$70M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$26M
Stock-Based Compensation	$192.0K
Deferred Income Tax	-$9M
Other Non-Cash Items	$6M
Change in Working Capital	$8M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$6M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$82M
NET CASH FROM INVESTING	$74M
Net Debt Issuance	-$106M
Common Stock Repurchased	-$17.0K
Common Dividends Paid	-$18M
Other Financing Activities	$723.0K
NET CASH FROM FINANCING	-$123M
FREE CASH FLOW	$43M
Net Change in Cash	$5.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$15.0K
Short-Term Investments	$0
Net Receivables	$92M
Inventory	$83M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$194M
PP&E (Net)	$846M
Goodwill	$17M
Intangible Assets	$39M
Long-Term Investments	$130M
Tax Assets	$15M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$76M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$118M
Long-Term Debt	$808M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$817M
TOTAL LIABILITIES	$934M
Common Stock	$305M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$379M
Other Equity	$241M
TOTAL STOCKHOLDERS' EQUITY	$305M
Minority Interest	$7M
TOTAL EQUITY	$312M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$808M
Net Debt	$808M