Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Merchant Services | 2,572.2 | 2,038.2 | 1,621.9 | | | 3,990.6 | 3,339.2 | 3,889.0 |
| Domestic Pipelines & Terminals | 1,030.1 | 1,035.7 | 1,011.7 | | | 844.8 | | |
| Global Marine Terminals | 564.9 | 634.7 | 671.5 | | | 252.3 | 218.2 | 194.0 |
| Pipelines & Terminals | | | | | | | 709.3 | 631.3 |
| Other | | | | | | | 19.1 | |
| Total revenues [+] | 4,108.3 | 3,648.1 | 3,248.4 | 3,453.4 | 6,620.2 | 5,054.1 | 4,285.9 | 4,693.6 |
| Products | | | | | | 3,966.2 | 3,332.3 | 3,844.9 |
| Oil & gas sales | | | | 2,028.3 | | | | |
| Natural gas midstream | | | | 1,425.1 | | | | |
| Revenue growth [+] | 12.6% | 12.3% | -5.9% | -47.8% | 31.0% | 17.9% | -8.7% | 48.9% |
| Merchant Services | 26.2% | 25.7% | | | | 19.5% | -14.1% | |
| Domestic Pipelines & Terminals | -0.5% | 2.4% | | | | | | |
| Global Marine Terminals | -11.0% | -5.5% | | | | 15.6% | 12.5% | |
| Pipelines & Terminals | | | | | | | 12.4% | |
| Cost of goods sold | 3,161.6 | 2,607.3 | 2,176.1 | 573.4 | 537.7 | 413.6 | 373.0 | 341.0 |
| Gross profit | 946.6 | 1,040.9 | 1,072.3 | 2,880.1 | 6,082.5 | 4,640.5 | 3,912.9 | 4,352.6 |
| Gross margin | 23.0% | 28.5% | 33.0% | 83.4% | 91.9% | 91.8% | 91.3% | 92.7% |
| Selling, general and administrative [+] | 82.4 | 91.0 | 86.1 | 88.8 | 79.2 | 70.4 | 65.2 | 58.9 |
| General and administrative | 82.4 | 91.0 | 86.1 | 88.8 | 79.2 | 70.4 | 65.2 | 58.9 |
| Equity in earnings | -274.1 | 36.0 | 11.5 | 6.4 | 11.3 | 5.2 | 6.1 | 10.4 |
| Other operating expenses | -16.2 | -4.7 | -5.2 | 1,965.8 | 5,311.6 | 3,944.4 | 3,304.3 | 3,815.5 |
| EBITDA [+] | 606.3 | 990.6 | 1,002.9 | 831.8 | 703.1 | 638.5 | 557.0 | 495.8 |
| EBITDA growth | -38.8% | -1.2% | 20.6% | 18.3% | 10.1% | 14.6% | 12.3% | 41.8% |
| EBITDA margin | 14.8% | 27.2% | 30.9% | 24.1% | 10.6% | 12.6% | 13.0% | 10.6% |
| Depreciation and amortization | 269.4 | 269.2 | 254.7 | 221.3 | 196.4 | 155.2 | 146.4 | 119.5 |
| EBIT [+] | 336.9 | 721.4 | 748.2 | 610.5 | 506.6 | 483.3 | 410.6 | 376.3 |
| EBIT growth | -53.3% | -3.6% | 22.6% | 20.5% | 4.8% | 17.7% | 9.1% | 29.8% |
| EBIT margin | 8.2% | 19.8% | 23.0% | 17.7% | 7.7% | 9.6% | 9.6% | 8.0% |
| Non-recurring items [+] | 194.0 | | | | | | 60.0 | |
| Asset impairment | 537.0 | | | | | | 60.0 | |
| Interest expense | 190.2 | 225.6 | 194.9 | 171.3 | 171.2 | 130.9 | 115.0 | 119.6 |
| Interest expense | 190.2 | 225.6 | 194.9 | 171.3 | 171.2 | 130.9 | 115.0 | 119.6 |
| Other income (expense), net [+] | -0.9 | -1.2 | -3.2 | 0.1 | -0.4 | 0.3 | -0.5 | 34.9 |
| Gain (loss) on investments | | | | | | | | 34.7 |
| Other | -0.9 | -1.2 | -3.2 | 0.1 | -0.4 | 0.3 | -0.5 | 0.2 |
| Pre-tax income | -48.2 | 494.5 | 550.1 | 439.3 | 334.9 | 352.7 | 235.2 | 291.6 |
| Income taxes | 3.7 | 0.9 | 1.5 | 0.9 | 0.5 | 1.1 | -0.7 | -0.2 |
| Tax rate | | 0.2% | 0.3% | 0.2% | 0.1% | 0.3% | | |
| Minority interest | 7.1 | 14.9 | 13.1 | 0.3 | 1.9 | 4.2 | -4.1 | -6.2 |
| Earnings from continuing ops | -59.0 | 478.8 | 535.6 | 876.5 | 667.1 | 699.0 | 475.9 | 589.8 |
| Earnings from discontinued ops | | | | -0.9 | -59.6 | -187.2 | -5.3 | -177.2 |
| Net income | -59.0 | 478.8 | 535.6 | 875.6 | 607.5 | 511.9 | 470.6 | 412.7 |
| Net margin | -1.4% | 13.1% | 16.5% | 25.4% | 9.2% | 10.1% | 11.0% | 8.8% |
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| Basic EPS [+] | ($0.39) | $3.36 | $4.05 | $6.84 | $5.59 | $6.52 | $4.89 | $6.52 |
| Growth | -111.5% | -17.0% | -40.8% | 22.4% | -14.3% | 33.3% | -25.0% | -15.6% |
| Diluted EPS [+] | ($0.39) | $3.34 | $4.03 | $6.81 | $5.56 | $6.49 | $4.87 | $6.50 |
| Growth | -111.6% | -17.0% | -40.9% | 22.5% | -14.3% | 33.2% | -25.0% | -15.7% |
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| Dividends per share [+] | $4.42 | $5.01 | $4.85 | $4.61 | $4.42 | $4.00 | $3.81 | $3.71 |
| Growth | -11.8% | 3.3% | 5.2% | 4.4% | 10.5% | 4.9% | 2.7% | 93.9% |
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| Shares outstanding (basic) [+] | 152.4 | 142.5 | 132.2 | 128.1 | 119.3 | 107.2 | 97.3 | 90.4 |
| Growth | 6.9% | 7.8% | 3.2% | 7.3% | 11.3% | 10.2% | 7.6% | 247.6% |
| Shares outstanding (diluted) [+] | 152.4 | 143.1 | 132.9 | 128.6 | 119.9 | 107.7 | 97.6 | 90.8 |
| Growth | 6.4% | 7.7% | 3.4% | 7.3% | 11.4% | 10.3% | 7.6% | 248.0% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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