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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Refined Products | | 2,108.8 | 1,721.1 | 1,972.1 | 2,202.6 | 1,814.6 | 1,564.9 | 1,597.6 |
| Crude Oil Pipeline and Terminals | | | | | 627.7 | 507.5 | 451.5 | 410.2 |
| Marine Storage | | | | | | 189.0 | 189.8 | 180.7 |
| Other | | 363.8 | 426.1 | 573.0 | | | | |
| Total revenues [+] | 3,200.4 | 2,472.6 | 2,147.2 | 2,545.1 | 2,632.9 | 2,507.7 | 2,205.4 | 2,188.5 |
| Products | | | | | | | | 629.8 |
| Oil & gas services | | | | | | | | 1,544.7 |
| Net investment income | | -0.5 | -1.0 | -3.3 | -3.0 | -1.4 | -1.4 | -1.3 |
| Revenue growth [+] | 29.4% | 15.2% | -15.6% | -3.3% | 5.0% | 13.7% | 0.8% | -7.3% |
| Refined Products | | 22.5% | -12.7% | -10.5% | 21.4% | 16.0% | -2.0% | |
| Crude Oil Pipeline and Terminals | | | | | 23.7% | 12.4% | 10.1% | |
| Marine Storage | | | | | | -0.4% | 5.0% | |
| Cost of goods sold [+] | 592.1 | 1,349.7 | 1,056.0 | 1,177.3 | 1,353.7 | 1,213.6 | 1,022.0 | 970.9 |
| Cost of product sales | | 780.0 | 468.2 | 560.9 | 704.3 | | | 447.3 |
| Direct costs | | 569.7 | 587.8 | 616.4 | 649.4 | 578.0 | 528.7 | 523.7 |
| Gross profit | 2,608.3 | 1,122.9 | 1,091.2 | 1,367.8 | 1,279.1 | 1,294.1 | 1,183.4 | 1,217.5 |
| Gross margin | 81.5% | 45.4% | 50.8% | 53.7% | 48.6% | 51.6% | 53.7% | 55.6% |
| Selling, general and administrative [+] | 240.7 | 206.3 | 171.2 | 194.2 | 194.3 | 165.7 | 147.2 | 149.9 |
| General and administrative | 240.7 | 206.3 | 171.2 | 194.2 | 194.3 | 165.7 | 147.2 | 149.9 |
| Equity in earnings | | 154.4 | 153.3 | 169.0 | 181.1 | 121.0 | 78.7 | 66.5 |
| Other operating expenses | 1,260.4 | -114.8 | -72.2 | 31.9 | -21.0 | -102.5 | -50.6 | -66.5 |
| EBITDA [+] | | 1,413.7 | 1,388.6 | 1,541.4 | 1,287.0 | 1,351.8 | 1,086.8 | 1,134.1 |
| EBITDA growth | -21.7% | 1.8% | -9.9% | 19.8% | -4.8% | 24.4% | -4.2% | -0.2% |
| EBITDA margin | 34.6% | 57.2% | 64.7% | 60.6% | 48.9% | 53.9% | 49.3% | 51.8% |
| Depreciation | | 225.2 | 240.4 | 227.4 | 263.5 | 196.2 | 176.7 | 164.1 |
| EBITA | 1,107.2 | 1,188.5 | 1,148.2 | 1,314.0 | 1,023.5 | 1,155.6 | 910.0 | 970.0 |
| EBITA margin | 34.6% | 48.1% | 53.5% | 51.6% | 38.9% | 46.1% | 41.3% | 44.3% |
| Amortization of intangibles | | 2.7 | 2.7 | 3.3 | 1.6 | 0.4 | 1.4 | 2.7 |
| EBIT [+] | 1,107.2 | 1,185.8 | 1,145.5 | 1,310.7 | 1,021.9 | 1,155.2 | 908.6 | 967.3 |
| EBIT growth | -6.6% | 3.5% | -12.6% | 28.3% | -11.5% | 27.1% | -6.1% | -0.7% |
| EBIT margin | 34.6% | 48.0% | 53.3% | 51.5% | 38.8% | 46.1% | 41.2% | 44.2% |
| Non-recurring items [+] | -0.9 | -75.0 | -12.9 | -29.0 | -353.8 | -18.5 | -28.1 | |
| Loss (gain) on sale of assets | | -75.0 | -12.9 | -29.0 | -353.8 | -18.5 | -28.1 | |
| Interest expense, net [+] | 228.6 | 6.5 | 0.4 | 4.0 | 6.8 | 4.5 | 12.5 | 2.3 |
| Interest expense | 229.8 | 6.5 | 0.4 | 4.0 | 6.8 | 4.5 | 12.5 | 2.3 |
| Interest income | 1.2 | | | | | | | |
| Other income (expense), net [+] | -17.6 | -319.7 | -367.0 | -346.3 | -34.9 | -295.8 | -118.3 | -143.5 |
| Other | 20.3 | -20.9 | -5.2 | -11.8 | 1.1 | 4.9 | 6.5 | 5.8 |
| Pre-tax income | 861.9 | 934.6 | 791.0 | 989.4 | 1,334.0 | 873.4 | 806.0 | 821.5 |
| Income taxes | 2.7 | 2.3 | 2.9 | 1.4 | 0.1 | 3.8 | 3.2 | 2.3 |
| Tax rate | 0.3% | 0.2% | 0.4% | 0.1% | 0.0% | 0.4% | 0.4% | 0.3% |
| Earnings from continuing ops | 859.2 | 932.3 | 788.1 | 988.0 | 1,333.9 | 869.5 | 802.8 | 819.1 |
| Earnings from discontinued ops | 1,036.4 | 49.7 | 28.9 | 32.8 | | | | |
| Net income | 1,895.6 | 982.0 | 817.0 | 1,020.8 | 1,333.9 | 869.5 | 802.8 | 819.1 |
| Net margin | 59.2% | 39.7% | 38.0% | 40.1% | 50.7% | 34.7% | 36.4% | 37.4% |
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| Basic EPS [+] | $2.24 | $4.25 | $3.49 | $4.32 | $5.84 | $3.81 | $3.52 | $3.60 |
| Growth | -47.2% | 21.5% | -19.1% | -26.0% | 53.3% | 8.2% | -2.2% | -2.6% |
| Diluted EPS [+] | $2.24 | $4.24 | $3.49 | $4.32 | $5.84 | $3.81 | $3.52 | $3.59 |
| Growth | -47.1% | 21.4% | -19.1% | -26.0% | 53.2% | 8.2% | -2.1% | -2.5% |
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| Dividends per share [+] | | $4.13 | $4.11 | $4.03 | $3.79 | $3.52 | $3.24 | $2.91 |
| Growth | -100.0% | 0.4% | 2.0% | 6.3% | 7.7% | 8.5% | 11.3% | 16.4% |
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| Shares outstanding (basic) [+] | 382.9 | 219.6 | 225.5 | 228.7 | 228.4 | 228.2 | 227.9 | 227.6 |
| Growth | 74.4% | -2.6% | -1.4% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% |
| Shares outstanding (diluted) [+] | 382.9 | 219.8 | 225.5 | 228.8 | 228.6 | 228.3 | 228.1 | 227.9 |
| Growth | 74.2% | -2.5% | -1.4% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
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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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