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Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 611.746337890625 m 299.45556640625 611.746337890625 l s q 0 0 1 rg BT 88.25 613.15 Td (CONSOLIDA) Tj ET Q q 0 0 1 rg BT 142.09 613.15 Td (TED ST) Tj ET Q q 0 0 1 rg BT 173.19 613.15 Td (A) Tj ET Q q 0 0 1 rg BT 179.02 613.15 Td (TEMENTS OF) Tj ET Q q 0 0 1 rg BT 237.44 613.15 Td ( CASH FLOWS) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 301.50 613.01 Td (.......................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 88.25 601.15 Td (NOTES TO CONSOLIDATED FINANCIAL STATEMENTS:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 589.15 Td (1.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 587.746337890625 m 364.59912109375 587.746337890625 l s q 0 0 1 rg BT 120.25 589.15 Td (Organization, Description of Business and Basis of Pr) Tj ET Q q 0 0 1 rg BT 325.60 589.15 Td (esentation) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 366.75 589.01 Td (..........................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 577.15 Td (2.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 575.746337890625 m 208.0791015625 575.746337890625 l s q 0 0 1 rg BT 120.25 577.15 Td (Pr) Tj ET Q q 0 0 1 rg BT 129.58 577.15 Td (oduct Sales Revenue) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 209.25 577.01 Td (................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 565.15 Td (3.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 563.746337890625 m 198.82861328125 563.746337890625 l s q 0 0 1 rg BT 120.25 565.15 Td (Segment Disclosur) Tj ET Q q 0 0 1 rg BT 191.33 565.15 Td (es) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 200.25 565.01 Td (....................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 553.15 Td (4.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 551.746337890625 m 270.841796875 551.746337890625 l s q 0 0 1 rg BT 120.25 553.15 Td (Investments in Non-Contr) Tj ET Q q 0 0 1 rg BT 220.59 553.15 Td (olled Entities) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 272.25 553.01 Td (....................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 541.15 Td (5.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 539.746337890625 m 158.24951171875 539.746337890625 l s q 0 0 1 rg BT 120.25 541.15 Td (Inventory) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 159.75 541.01 Td (......................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 529.15 Td (6.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 527.746337890625 m 211.2431640625 527.746337890625 l s q 0 0 1 rg BT 120.25 529.15 Td (Employee Benefit Plans) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 211.50 529.01 Td (...............................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 517.15 Td (7.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 515.746337890625 m 138.74658203125 515.746337890625 l s q 0 0 1 rg BT 120.25 517.15 Td (Debt) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 139.50 517.01 Td (...............................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 505.15 Td (8.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 503.746337890625 m 247.73974609375 503.746337890625 l s q 0 0 1 rg BT 120.25 505.15 Td (Derivative Financial Instruments) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 249.75 505.01 Td (..............................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 493.15 Td (9.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 491.746337890625 m 247.74853515625 491.746337890625 l s q 0 0 1 rg BT 120.25 493.15 Td (Commitments and Contingencies) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 249.75 493.01 Td (..............................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.00 481.15 Td (10.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 479.746337890625 m 221.41650390625 479.746337890625 l s q 0 0 1 rg BT 120.25 481.15 Td (Long-T) Tj ET Q q 0 0 1 rg BT 148.43 481.15 Td (erm Incentive Plan) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 222.75 481.01 Td (..........................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.45 469.15 Td (11.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 467.746337890625 m 170.7607421875 467.746337890625 l s q 0 0 1 rg BT 120.25 469.15 Td (Distributions) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 171.00 469.01 Td (.................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.00 457.15 Td (12.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 455.746337890625 m 160.34130859375 455.746337890625 l s q 0 0 1 rg BT 120.25 457.15 Td (Fair) Tj ET Q q 0 0 1 rg BT 136.58 457.15 Td ( ) Tj ET Q q 0 0 1 rg BT 138.67 457.15 Td (V) Tj ET Q q 0 0 1 rg BT 144.34 457.15 Td (alue) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 162.00 457.01 Td (.....................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.00 445.15 Td (13.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 443.746337890625 m 224.90576171875 443.746337890625 l s q 0 0 1 rg BT 120.25 445.15 Td (Related Party ) Tj ET Q q 0 0 1 rg BT 175.57 445.15 Td (T) Tj ET Q q 0 0 1 rg BT 180.90 445.15 Td (ransactions) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 225.00 445.01 Td (.........................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.00 433.15 Td (14.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 431.746337890625 m 193.0234375 431.746337890625 l s q 0 0 1 rg BT 120.25 433.15 Td (Subsequent Events) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 193.50 433.01 Td (.......................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 421.15 Td (ITEM2.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.25 419.20 Td (MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.25 410.20 Td (RESULTS OF OPERATIONS) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 395.746337890625 m 137.09521484375 395.746337890625 l s q 0 0 1 rg BT 88.25 397.15 Td (Intr) Tj ET Q q 0 0 1 rg BT 103.59 397.15 Td (oduction) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 137.25 397.01 Td (................................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 383.746337890625 m 170.97705078125 383.746337890625 l s q 0 0 1 rg BT 88.25 385.15 Td (Recent Developments) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 171.00 385.01 Td (.................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 371.746337890625 m 171.24951171875 371.746337890625 l s q 0 0 1 rg BT 88.25 373.15 Td (Results of Operations) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 173.25 373.01 Td (................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 359.746337890625 m 182.2578125 359.746337890625 l s q 0 0 1 rg BT 88.25 361.15 Td (Distributable Cash Flow) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 184.50 361.01 Td (...........................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 347.746337890625 m 212.85693359375 347.746337890625 l s q 0 0 1 rg BT 88.25 349.15 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 1 rg BT 201.37 349.15 Td (ces) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 213.75 349.01 Td (..............................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 335.746337890625 m 215.2255859375 335.746337890625 l s q 0 0 1 rg BT 88.25 337.15 Td (Off-Balance Sheet ) Tj ET Q q 0 0 1 rg BT 159.74 337.15 Td (Arrangements) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 216.00 337.01 Td (.............................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 323.746337890625 m 146.0908203125 323.746337890625 l s q 0 0 1 rg BT 88.25 325.15 Td (Envir) Tj ET Q q 0 0 1 rg BT 110.09 325.15 Td (onmental) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 146.25 325.01 Td (............................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 88.25 311.746337890625 m 134.8232421875 311.746337890625 l s q 0 0 1 rg BT 88.25 313.15 Td (Other) Tj ET Q q 0 0 1 rg BT 111.08 313.15 Td ( Items) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 135.00 313.01 Td (.................................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 301.15 Td (ITEM3.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.25 301.15 Td (QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 301.01 Td (........................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 289.15 Td (ITEM4.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.25 289.15 Td (CONTROLS AND PROCEDURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 289.01 Td (...........................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 68.25 275.746337890625 m 181.99365234375 275.746337890625 l s q 0 0 1 rg BT 68.25 277.15 Td (Forward-Looking Statements) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 182.25 277.01 Td (............................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.40 265.15 Td (P) Tj ET Q q 0 0 0 rg BT 284.23 265.15 Td (AR) Tj ET Q q 0 0 0 rg BT 296.91 265.15 Td (T) Tj ET Q q 0 0 0 rg BT 302.75 265.15 Td ( II) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.20 256.15 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 323.28 256.15 Td (TION) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 241.15 Td (ITEM 1.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 239.746337890625 m 219.5224609375 239.746337890625 l s q 0 0 1 rg BT 120.25 241.15 Td (LEGAL) Tj ET Q q 0 0 1 rg BT 151.26 241.15 Td ( PROCEEDINGS) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 220.50 241.01 Td (...........................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 229.15 Td (ITEM 1A.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 227.746337890625 m 186.68212890625 227.746337890625 l s q 0 0 1 rg BT 120.25 229.15 Td (RISK F) Tj ET Q q 0 0 1 rg BT 149.34 229.15 Td (ACT) Tj ET Q q 0 0 1 rg BT 168.18 229.15 Td (ORS) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 186.75 229.01 Td (..........................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 217.15 Td (ITEM 2.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 215.746337890625 m 438.326171875 215.746337890625 l s q 0 0 1 rg BT 120.25 217.15 Td (UNREGISTERED SALES OF) Tj ET Q q 0 0 1 rg BT 237.45 217.15 Td ( EQUITY) Tj ET Q q 0 0 1 rg BT 274.87 217.15 Td ( SECURITIES ) Tj ET Q q 0 0 1 rg BT 333.40 217.15 Td (AND USE OF) Tj ET Q q 0 0 1 rg BT 387.07 217.15 Td ( PROCEEDS) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 438.75 217.01 Td (..........................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 205.15 Td (ITEM 3.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 203.746337890625 m 288.04638671875 203.746337890625 l s q 0 0 1 rg BT 120.25 205.15 Td (DEF) Tj ET Q q 0 0 1 rg BT 137.58 205.15 Td (AUL) Tj ET Q q 0 0 1 rg BT 155.76 205.15 Td (TS UPON SENIOR SECURITIES) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.25 205.01 Td (............................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 193.15 Td (ITEM 4.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 191.746337890625 m 247.9462890625 191.746337890625 l s q 0 0 1 rg BT 120.25 193.15 Td (MINE SAFETY) Tj ET Q q 0 0 1 rg BT 182.17 193.15 Td ( DISCLOSURES) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 249.75 193.01 Td (..............................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 181.15 Td (ITEM 5.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 179.746337890625 m 221.33740234375 179.746337890625 l s q 0 0 1 rg BT 120.25 181.15 Td (OTHER INFORMA) Tj ET Q q 0 0 1 rg BT 198.33 181.15 Td (TION) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 222.75 181.01 Td (..........................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 169.15 Td (ITEM 6.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 167.746337890625 m 163.76904296875 167.746337890625 l s q 0 0 1 rg BT 120.25 169.15 Td (EXHIBITS) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 164.25 169.01 Td (....................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 157.15 Td (Signatur) Tj ET Q q 0 0 0 rg BT 101.60 157.15 Td (es) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.25 157.01 Td (............................................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 145.15 Td (Index to Exhibits) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.00 145.01 Td (.................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 131.45 Td () Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 647.81005859375 m 523.25 647.81005859375 l s q 0 0 1 rg BT 518.75 649.01 Td (2) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 635.81005859375 m 523.25 635.81005859375 l s q 0 0 1 rg BT 518.75 637.01 Td (3) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 623.81005859375 m 523.25 623.81005859375 l s q 0 0 1 rg BT 518.75 625.01 Td (4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 611.81005859375 m 523.25 611.81005859375 l s q 0 0 1 rg BT 518.75 613.01 Td (5) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 587.81005859375 m 523.25 587.81005859375 l s q 0 0 1 rg BT 518.75 589.01 Td (6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 575.81005859375 m 523.25 575.81005859375 l s q 0 0 1 rg BT 518.75 577.01 Td (8) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.75 563.81005859375 m 523.25 563.81005859375 l s q 0 0 1 rg BT 518.75 565.01 Td (9) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 514.25 551.81005859375 m 523.25 551.81005859375 l s q 0 0 1 rg BT 514.25 553.01 Td (10) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 514.25 541.01 Td (12) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 514.25 527.81005859375 m 523.25 527.81005859375 l s q 0 0 1 rg BT 514.25 529.01 Td (12) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 514.25 515.81005859375 m 523.25 515.81005859375 l s q 0 0 1 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 507.41 Td (3,179) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 507.41 Td (3,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.50 492.41 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.25 492.21 Td (.............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 492.41 Td (519,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 492.41 Td (642,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 477.41 Td (Costs and expenses:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 462.41 Td (Operating) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.75 462.21 Td (...........................................................................) 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 417.41 Td (40,676) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 417.41 Td (40,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.50 402.41 Td (Total costs and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.50 402.21 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 402.41 Td (320,928) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 402.41 Td (392,047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 387.41 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.75 387.21 Td (...........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 387.41 Td (17,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 387.41 Td (21,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 372.41 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.25 372.21 Td (.........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 372.41 Td (216,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 372.41 Td (271,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 357.41 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.25 357.21 Td (.........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 357.41 Td (43,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 357.41 Td (51,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 342.41 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.00 342.21 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 342.41 Td (\(361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 342.41 Td (\(292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 327.41 Td (Interest capitalized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.25 327.21 Td (.....................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 327.41 Td (\(6,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.25 327.41 Td (\(4,197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 312.41 Td (Gain on exchange of interest in non-controlled entity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 312.21 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 312.41 Td (\(26,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 312.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 312.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 297.41 Td (Other expense \(income\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.25 297.21 Td (.............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 297.41 Td (\(1,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 297.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 297.41 Td (1,170) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 282.41 Td (Income before provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.50 282.21 Td (................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 282.41 Td (207,941) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 282.41 Td (223,580) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 267.41 Td (Provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.50 267.21 Td (........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 267.41 Td (871) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 267.41 Td (844) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.50 252.41 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 252.21 Td (......................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 252.41 Td (207,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 252.41 Td (222,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 228.41 Td (Basic net income per limited partner unit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.00 228.21 Td (..................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 228.41 Td (0.91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 228.41 Td (0.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 204.41 Td (Diluted net income per limited partner unit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 204.21 Td (..............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 204.41 Td (0.91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 204.41 Td (0.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 189.41 Td (W) Tj ET Q q 0 0 0 rg BT 140.27 189.41 Td (eighted average number of limited partner units outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.50 180.41 Td (used for basic net income per unit calculation) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 305.19 184.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.75 180.21 Td (...................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 180.41 Td (227,826) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 180.41 Td (228,109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 165.41 Td (W) Tj ET Q q 0 0 0 rg BT 140.27 165.41 Td (eighted average number of limited partner units outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.50 156.41 Td (used for diluted net income per unit calculation) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 311.70 160.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 156.21 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 156.41 Td (227,849) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 156.41 Td (228,159) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 130.85 Td ( ) Tj ET Q q 0 0 0 rg BT 99.00 130.85 Td (\(1\) See Note 10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 155.43 130.85 Td (Long-T) Tj ET Q q 0 0 0 rg BT 178.26 130.85 Td (erm Incentive Plan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.12 130.85 Td ( for additional information regarding our weighted average unit calculations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 66.05 Td (See notes to consolidated financial statements.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 704.25 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 704.25 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 704.25 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 704.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.75 692.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 205.57 692.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 240.13 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 246.60 692.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 311.52 692.25 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.55 680.25 Td (\(Unaudited, in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 669.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 637.95 m 430.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 637.95 m 434.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 637.95 m 480.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 637.95 m 430.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 624.95 m 430.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 637.95 m 480.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 624.95 m 480.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 624.95 m 430.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 624.95 m 480.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 471.95 m 430.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 471.95 m 480.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 471.95 m 430.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 471.95 m 480.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 456.95 m 480.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 456.95 m 430.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 442.95 m 430.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 440.95 m 430.5 440.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 456.95 m 480.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 442.95 m 480.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 440.95 m 480.5 440.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.00 642.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.05 650.35 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.30 641.35 Td (March 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.00 629.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.00 629.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.00 629.35 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.00 614.41 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 614.21 Td (...................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.35 614.41 Td (207,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.35 614.41 Td (222,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.00 599.41 Td (Other comprehensive income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.00 584.41 Td (Derivative activity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 569.41 Td (Net gain \(loss\) on cash flow hedges) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 279.47 573.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.50 569.21 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.90 569.41 Td (\(12,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.65 569.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.40 569.41 Td (1,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 554.41 Td (Reclassification of net \(gain\) loss on cash flow hedges to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 545.41 Td (income) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 177.49 549.49 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.77 545.41 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 545.21 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.15 545.41 Td (388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.15 545.41 Td (740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.00 530.41 Td (Changes in employee benefit plan assets and benefit obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 521.41 Td (recognized in other comprehensive income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 506.41 Td (Amortization of prior service credit) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 278.95 510.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.50 506.21 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.15 506.41 Td (\(973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.65 506.41 Td (\(45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 491.41 Td (Amortization of actuarial loss) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 258.22 495.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 491.21 Td (...................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.40 491.41 Td (1,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.40 491.41 Td (1,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 476.41 Td (Settlement cost) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 206.24 480.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.50 476.21 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.65 476.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.40 476.41 Td (1,365) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.00 461.41 Td (Total other comprehensive income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.25 461.21 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.90 461.41 Td (\(11,662) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.65 461.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.40 461.41 Td (4,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.00 446.41 Td (Comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.00 446.21 Td (................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.35 446.41 Td (195,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.35 446.41 Td (227,319) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 423.85 Td (\(1\) See Note 8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 171.93 423.85 Td (Derivative Financial Instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.57 423.85 Td ( for details of the amount of gain/loss recognized in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 414.25 Td (accumulated other comprehensive loss \(AOCL\) for derivative financial instruments and the amount ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 404.65 Td (of gain/loss reclassified from ) Tj ET Q q 0 0 0 rg BT 229.64 404.65 Td (AOCL) Tj ET Q q 0 0 0 rg BT 251.13 404.65 Td ( into income.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 386.05 Td (\(2\) See Note 6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 171.93 386.05 Td (Employee Benefit Plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.35 386.05 Td ( for details of the changes in employee benefit plan assets and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 376.45 Td (benefit obligations recognized in ) Tj ET Q q 0 0 0 rg BT 241.64 376.45 Td (AOCL.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 73.45 Td (See notes to consolidated financial statements.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 704.25 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 704.25 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 704.25 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 704.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.40 692.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 270.22 692.25 Td (TED BALANCE SHEETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 680.25 Td (\(In thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 129.25 Td () Tj ET Q 1 1 1 rg /GS0 gs 65.75 456.75 318.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 648.75 m 447.75 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 648.75 m 516.75 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 540.75 m 447.75 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 540.75 m 516.75 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 504.75 m 447.75 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 504.75 m 516.75 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 424.75 m 447.75 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 424.75 m 516.75 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 413.75 m 447.75 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 411.75 m 447.75 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 413.75 m 516.75 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 411.75 m 516.75 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 268.75 m 447.75 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 268.75 m 516.75 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 152.75 m 447.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 152.75 m 516.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 140.75 m 447.75 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 140.75 m 516.75 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 129.75 m 447.75 129.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 127.75 m 447.75 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 129.75 m 516.75 129.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 127.75 m 516.75 127.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.05 661.15 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.25 652.15 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 661.15 Td (March 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.25 652.15 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.45 640.15 Td (ASSETS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.95 640.15 Td (\(Unaudited\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 628.06 Td (Current assets:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 618.01 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.25 618.01 Td (........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 618.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 618.01 Td (14,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 618.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 618.01 Td (7,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 605.21 Td (Trade accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.00 605.01 Td (.........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 605.21 Td (105,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 605.21 Td (82,021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 592.01 Td (Other accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.00 592.01 Td (.........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 592.01 Td (25,761) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 592.01 Td (13,991) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 580.01 Td (Inventory) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.50 580.01 Td (...................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 580.01 Td (134,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 580.01 Td (146,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 568.01 Td (Energy commodity derivatives contracts, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 568.01 Td (...........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 568.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 568.01 Td (694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 556.01 Td (Energy commodity derivatives deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 556.01 Td (...................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 556.01 Td (49,899) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 556.01 Td (9,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 544.01 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.75 544.01 Td (..................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 544.01 Td (39,966) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 544.01 Td (42,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 532.01 Td (Total current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.50 532.01 Td (...........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 532.01 Td (370,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 532.01 Td (302,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 520.01 Td (Property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.75 520.01 Td (..........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 520.01 Td (6,783,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 520.01 Td (6,905,373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 508.01 Td (Less: Accumulated depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 508.01 Td (...............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 508.01 Td (1,507,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 508.01 Td (1,545,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 496.01 Td (Net property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 496.01 Td (...................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 496.01 Td (5,275,741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 496.01 Td (5,360,372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 484.01 Td (Investments in non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.75 484.01 Td (..............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 484.01 Td (931,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 484.01 Td (976,419) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 472.01 Td (Long-term receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.75 472.01 Td (......................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 472.01 Td (23,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 472.01 Td (23,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 460.01 Td (Goodwill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.50 460.01 Td (...........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 460.01 Td (53,260) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 460.01 Td (53,260) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 448.01 Td (Other intangibles \(less accumulated amortization of $2,136 and $1,147 at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 439.06 Td (December31, 2016 and March 31, 2017, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 439.06 Td (...............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 441.21 Td (51,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 441.21 Td (51,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 428.01 Td (Other noncurrent assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.25 428.01 Td (....................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 428.01 Td (65,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 428.01 Td (62,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 416.01 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.25 416.01 Td (........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 416.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 416.01 Td (6,772,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 416.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 416.01 Td (6,829,879) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 139.00 392.15 Td (LIABILITIES AND PARTNERS CAPITAL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 380.01 Td (Current liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 368.01 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.75 368.01 Td (......................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 368.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 368.01 Td (77,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 368.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 368.01 Td (91,691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 356.01 Td (Accrued payroll and benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.25 356.01 Td (....................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 356.01 Td (45,690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 356.01 Td (27,924) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 344.01 Td (Accrued interest payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.75 344.01 Td (..........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 344.01 Td (65,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 344.01 Td (42,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 332.01 Td (Accrued taxes other than income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.75 332.01 Td (..............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 332.01 Td (50,166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 332.01 Td (39,990) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 320.01 Td (Environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.50 320.01 Td (...........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 320.01 Td (10,249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 320.01 Td (9,437) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 308.01 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.75 308.01 Td (......................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 308.01 Td (101,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 308.01 Td (107,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 296.01 Td (Accrued product purchases) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.50 296.01 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 296.01 Td (51,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 296.01 Td (37,793) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 284.01 Td (Energy commodity derivatives contracts, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 284.01 Td (...........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 284.01 Td (30,738) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 284.01 Td (167) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 272.01 Td (Other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.00 272.01 Td (.............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 272.01 Td (48,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 272.01 Td (40,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 260.01 Td (Total current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 260.01 Td (......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 260.01 Td (481,656) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 260.01 Td (397,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 248.01 Td (Long-term debt, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.75 248.01 Td (..........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 248.01 Td (4,087,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 248.01 Td (4,203,080) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 236.01 Td (Long-term pension and benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.50 236.01 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 236.01 Td (71,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 236.01 Td (70,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 224.01 Td (Other noncurrent liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.50 224.01 Td (...............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 224.01 Td (25,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 224.01 Td (27,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 212.01 Td (Environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.50 212.01 Td (...................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 212.01 Td (13,791) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 212.01 Td (15,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 200.01 Td (Commitments and contingencies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 188.01 Td (Partners capital:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 176.01 Td (Limited partner unitholders \(227,784 units and 228,025 units outstanding at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 167.06 Td (December 31, 2016 and March 31, 2017, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 167.06 Td (.......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 169.21 Td (2,193,346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 169.21 Td (2,212,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 156.01 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 156.01 Td (...................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 156.01 Td (\(101,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 156.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 156.01 Td (\(96,658) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.25 156.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 144.01 Td (Total partners capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.50 144.01 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 144.01 Td (2,092,105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 144.01 Td (2,116,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 132.01 Td (Total liabilities and partners capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.00 132.01 Td (.................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 132.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 132.01 Td (6,772,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 132.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 132.01 Td (6,829,879) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 64.45 Td (See notes to consolidated financial statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 704.25 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 704.25 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 704.25 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 704.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.65 692.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 239.47 692.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 274.02 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 280.50 692.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 345.42 692.25 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.55 680.25 Td (\(Unaudited, in thousands\)) Tj ET Q 1 1 1 rg /GS0 gs 63.50 540.75 342.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 649.75 m 466.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 649.75 m 470.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 649.75 m 531.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 649.75 m 466.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 639.75 m 466.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 649.75 m 531.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 639.75 m 531.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 397.75 m 466.5 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 397.75 m 531.5 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 329.75 m 466.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 329.75 m 531.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 252.75 m 466.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 252.75 m 531.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 241.75 m 466.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 241.75 m 531.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 219.75 m 466.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 219.75 m 531.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 209.75 m 466.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 207.75 m 466.5 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 209.75 m 531.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 207.75 m 531.5 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 147.75 m 466.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 147.75 m 531.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 147.75 m 466.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 137.75 m 466.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 135.75 m 466.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 147.75 m 531.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 137.75 m 531.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 135.75 m 531.5 135.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.05 661.20 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.30 651.20 Td (March 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.50 641.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.50 641.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 631.06 Td (Operating Activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 620.06 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.50 620.06 Td (..........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 620.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 620.06 Td (207,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 620.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 620.06 Td (222,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 609.06 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 598.06 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.50 598.06 Td (......................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 598.06 Td (43,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 598.06 Td (47,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 587.06 Td (Loss on sale and retirement of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.50 587.06 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 587.06 Td (2,259) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 587.06 Td (3,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 576.06 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.75 576.06 Td (.............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 576.06 Td (\(17,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 576.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 576.06 Td (\(21,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 576.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 565.06 Td (Distributions of earnings from investments in non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 565.06 Td (.......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 565.06 Td (17,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 565.06 Td (20,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 554.06 Td (Equity-based incentive compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 554.06 Td (...........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 554.06 Td (6,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 554.06 Td (4,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 543.06 Td (Settlement cost, amortization of prior service credit and actuarial loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.50 543.06 Td (......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 543.06 Td (428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 543.06 Td (2,548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 532.06 Td (Gain on exchange of interest in non-controlled entity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 532.06 Td (................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 532.06 Td (\(26,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 532.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 532.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 521.06 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 510.06 Td (Trade accounts receivable and other accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.00 510.06 Td (................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 510.06 Td (\(6,904) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 510.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 510.06 Td (33,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 499.06 Td (Inventory) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 499.06 Td (...........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 499.06 Td (\(1,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 499.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 499.06 Td (\(12,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 499.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 488.06 Td (Energy commodity derivatives contracts, net of derivatives deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 488.06 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.50 488.06 Td (\(132) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 488.06 Td (8,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 477.06 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 477.06 Td (..............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 477.06 Td (1,052) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 477.06 Td (7,275) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 466.06 Td (Accrued payroll and benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.00 466.06 Td (............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 466.06 Td (\(16,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 466.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 466.06 Td (\(17,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 466.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 455.06 Td (Accrued interest payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 455.06 Td (..................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 455.06 Td (\(3,365) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 455.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 455.06 Td (\(23,391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 455.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 444.06 Td (Accrued taxes other than income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.50 444.06 Td (......................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 444.06 Td (\(11,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 444.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 444.06 Td (\(10,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 444.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 433.06 Td (Accrued product purchases) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 433.06 Td (...............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 433.06 Td (\(9,674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 433.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 433.06 Td (\(13,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 433.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 422.06 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 422.06 Td (..............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 422.06 Td (13,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 422.06 Td (5,590) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 411.06 Td (Current and noncurrent environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.75 411.06 Td (.............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 411.06 Td (962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 411.06 Td (540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.00 400.06 Td (Other current and noncurrent assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 400.06 Td (...........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 400.06 Td (9,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 400.06 Td (7,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.00 389.06 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 389.06 Td (.................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 389.06 Td (209,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 389.06 Td (265,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 378.06 Td (Investing Activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 367.01 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 160.91 367.01 Td (, plant and equipment, net) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 254.38 371.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 367.01 Td (..............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 367.01 Td (\(139,522) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 367.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 367.01 Td (\(141,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 367.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 354.06 Td (Proceeds from sale and disposition of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.50 354.06 Td (......................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 354.06 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 354.06 Td (3,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 343.06 Td (Investments in non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 343.06 Td (................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 343.06 Td (\(61,738) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 343.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 343.06 Td (\(44,511) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 343.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 332.06 Td (Distributions in excess of earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.00 332.06 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 332.06 Td (2,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 332.06 Td (1,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.00 321.06 Td (Net cash used by investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 321.06 Td (........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 321.06 Td (\(199,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 321.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 321.06 Td (\(181,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 321.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 310.06 Td (Financing Activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 299.06 Td (Distributions paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.00 299.06 Td (................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 299.06 Td (\(178,808) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 299.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 299.06 Td (\(194,961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 299.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 288.06 Td (Net commercial paper borrowings \(repayments\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.00 288.06 Td (................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 288.06 Td (\(279,961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 288.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 288.06 Td (116,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 277.06 Td (Borrowings under long-term notes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.50 277.06 Td (......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 277.06 Td (649,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 277.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 266.06 Td (Debt placement costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 266.06 Td (...........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 266.06 Td (\(5,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 266.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 266.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 255.06 Td (Payments associated with settlement of equity-based incentive compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 255.06 Td (..................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 255.06 Td (\(14,376) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 255.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 255.06 Td (\(13,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 255.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.00 244.06 Td (Net cash provided \(used\) by financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.50 244.06 Td (......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 244.06 Td (170,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 244.06 Td (\(91,871) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 233.06 Td (Change in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.50 233.06 Td (..........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 233.06 Td (181,261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 233.06 Td (\(7,646) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 233.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 222.06 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.50 222.06 Td (......................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 222.06 Td (28,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 222.06 Td (14,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 211.06 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 211.06 Td (.................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 211.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 211.06 Td (209,992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 211.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 211.06 Td (7,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 192.06 Td (Supplemental non-cash investing and financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.00 181.06 Td (Issuance of limited partner units in settlement of equity-based incentive plan awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 181.06 Td (.........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 181.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.75 181.06 Td (7,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 181.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 181.06 Td (1,669) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 66.00 167.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.82 163.01 Td ( ) Tj ET Q q 0 0 0 rg BT 79.07 163.01 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 155.98 163.01 Td (, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.50 163.01 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 163.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 163.01 Td (\(139,636) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 163.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 163.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 163.01 Td (\(142,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 163.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.00 150.06 Td (Changes in accounts payable and other current liabilities related to capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 150.06 Td (....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 150.06 Td (114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 150.06 Td (1,120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.00 139.06 Td (Additions to property, plant and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 139.06 Td (....................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 139.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 139.06 Td (\(139,522) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 139.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 139.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 139.06 Td (\(141,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 139.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 72.45 Td (See notes to consolidated financial statements.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.30 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 202.52 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 209.01 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.11 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 358.29 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 372.28 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 378.76 684.00 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 647.10 Td (Organization, Description of Business and Basis of Pr) Tj ET Q q 0 0 0 rg BT 313.67 647.10 Td (esentation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 629.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.24 629.10 Td (ganization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 612.10 Td (Unless indicated otherwise, the terms our) Tj ET Q q 0 0 0 rg BT 256.55 612.10 Td (, we, us and similar language refer to Magellan Midstream ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 600.10 Td (Partners, L.P) Tj ET Q q 0 0 0 rg BT 113.83 600.10 Td (. together with its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 238.36 600.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.99 600.10 Td (e are a Delaware limited partnership and our limited partner units are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 588.10 Td (traded on the New ) Tj ET Q q 0 0 0 rg BT 138.71 588.10 Td (Y) Tj ET Q q 0 0 0 rg BT 144.93 588.10 Td (ork Stock Exchange under the ticker symbol MMP) Tj ET Q q 0 0 0 rg BT 351.84 588.10 Td (. Magellan GP) Tj ET Q q 0 0 0 rg BT 413.21 588.10 Td (, LLC, a wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 576.10 Td (Delaware limited liability company) Tj ET Q q 0 0 0 rg BT 204.25 576.10 Td (, serves as our general partner) Tj ET Q q 0 0 0 rg BT 323.09 576.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 552.10 Td (Description of Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 528.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 528.10 Td (e are principally engaged in the transportation, storage and distribution of refined petroleum products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 516.10 Td (crude oil. ) Tj ET Q q 0 0 0 rg BT 105.21 516.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.66 516.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.25 516.10 Td (, our asset portfolio, including the assets of our joint ventures, consisted of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 492.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 492.10 Td (our refined products segment, comprised of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.72 492.10 Td (9,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.22 492.10 Td (-mile refined products pipeline system with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.85 492.10 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.85 492.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 480.10 Td (terminals as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.09 480.10 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.09 480.10 Td ( independent terminals not connected to our pipeline system and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.85 480.10 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.35 480.10 Td (-mile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 468.10 Td (ammonia pipeline system; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 444.10 Td (our crude oil segment, comprised of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.16 444.10 Td (2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.66 444.10 Td ( miles of crude oil pipelines and storage facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 432.10 Td (with an aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.86 432.10 Td (26 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.25 432.10 Td ( barrels, of which approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.98 432.10 Td (17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.37 432.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 420.10 Td (barrels are used for contract storage; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 396.10 Td (our marine storage segment, consisting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.68 396.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.23 396.10 Td ( marine terminals located along coastal waterways with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 384.10 Td (aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.64 384.10 Td (26 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.03 384.10 Td ( barrels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.41 360.10 Td (erminology common in our industry includes the following terms, which describe products that we transport, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 348.10 Td (store and distribute through our pipelines and terminals:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 324.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 324.10 Td (r) Tj ET Q q 0 0 0 rg BT 102.52 324.10 Td (efined pr) Tj ET Q q 0 0 0 rg BT 137.97 324.10 Td (oducts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.58 324.10 Td (are the output from refineries and are primarily used as fuels by consumers. Refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 312.10 Td (products include gasoline, diesel fuel, aviation fuel, kerosene and heating oil. Collectively) Tj ET Q q 0 0 0 rg BT 461.02 312.10 Td (, diesel fuel and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 300.10 Td (heating oil are referred to as distillates; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 276.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 276.10 Td (liquefied petr) Tj ET Q q 0 0 0 rg BT 152.23 276.10 Td (oleum gases, or LPGs,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.06 276.10 Td ( are produced as by-products of the crude oil refining process and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 264.10 Td (connection with natural gas production. LPGs include butane and propane;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 240.10 Td (blendstocks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.16 240.10 Td (are blended with refined products to change or enhance their characteristics such as increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 228.10 Td (a gasoline) Tj ET Q q 0 0 0 rg BT 142.04 228.10 Td (s octane or oxygen content. Blendstocks include alkylates, oxygenates and natural gasoline;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 204.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 204.10 Td (heavy oils and feedstocks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.36 204.10 Td ( are used as burner fuels or feedstocks for further processing by refineries and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 192.10 Td (petrochemical facilities. Heavy oils and feedstocks include No.6 fuel oil and vacuum gas oil;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 168.10 Td (crude oil and condensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.31 168.10 Td (are used as feedstocks by refineries and petrochemical facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 144.10 Td (biofuels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.67 144.10 Td (, such as ethanol and biodiesel, are increasingly required by government mandates; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 120.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 120.10 Td (ammonia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.72 120.10 Td (is primarily used as a nitrogen fertilizer) Tj ET Q q 0 0 0 rg BT 295.89 120.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 96.10 Td (Except for ammonia, we use the term ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.17 96.10 Td (petr) Tj ET Q q 0 0 0 rg BT 230.91 96.10 Td (oleum pr) Tj ET Q q 0 0 0 rg BT 266.36 96.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.47 96.10 Td ( to describe any) Tj ET Q q 0 0 0 rg BT 354.86 96.10 Td (, or a combination, of the above-noted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 84.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 72.10 Td () Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 659.10 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 129.58 659.10 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 635.10 Td (In the opinion of management, our accompanying consolidated financial statements which are unaudited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (except for the consolidated balance sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.25 623.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.84 623.10 Td (, which is derived from our audited financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (statements, include all normal and recurring adjustments necessary to present fairly our financial position as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.60 599.10 Td (, the results of operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.79 599.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.77 599.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 599.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.20 599.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.63 599.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.63 599.10 Td ( and cash flows for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.72 587.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.70 587.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.53 587.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.13 587.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.56 587.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.56 587.10 Td (. ) Tj ET Q q 0 0 0 rg BT 268.88 587.10 Td (The results of operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.40 587.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.39 587.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.21 587.10 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 575.10 Td ( are not necessarily indicative of the results to be expected for the full year ending December31, 2017 for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (several reasons. Profits from our butane blending activities are realized lar) Tj ET Q q 0 0 0 rg BT 362.71 563.10 Td (gely during the first and fourth quarters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (of each year) Tj ET Q q 0 0 0 rg BT 111.30 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 118.25 551.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 168.15 551.10 Td (, gasoline demand, which drives transportation volumes and revenues on our pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (systems, generally trends higher during the summer driving months. Further) Tj ET Q q 0 0 0 rg BT 369.77 539.10 Td (, the volatility of commodity prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (impacts the profits from our commodity activities and, to a lesser extent, the volume of petroleum products we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (transport on our pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 491.10 Td (Pursuant to the rules and regulations of the Securities and Exchange Commission, the financial statements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (this report do not include all of the information and notes normally included with financial statements prepared in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 467.10 Td (accordance with U.S. generally accepted accounting principles \(GAAP\). ) Tj ET Q q 0 0 0 rg BT 364.08 467.10 Td (These financial statements should be read ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 455.10 Td (in conjunction with the audited consolidated financial statements and notes thereto included in our ) Tj ET Q q 0 0 0 rg BT 458.45 455.10 Td (Annual Report on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.10 Td (Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.18 443.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.77 443.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 419.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 395.10 Td (The preparation of our consolidated financial statements in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 419.32 395.10 Td ( requires management to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 383.10 Td (make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 220.84 383.10 Td (fect the reported amounts of assets and liabilities and disclosure of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 371.10 Td (contingent assets and liabilities that exist at the date of our consolidated financial statements, as well as their impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 359.10 Td (on the reported amounts of revenue and expense during the reporting periods. ) Tj ET Q q 0 0 0 rg BT 375.41 359.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 468.82 359.10 Td (fer from those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 347.10 Td (estimates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 323.10 Td (New ) Tj ET Q q 0 0 0 rg BT 105.60 323.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 163.27 323.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 299.10 Td (In March 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 203.81 299.10 Td (Accounting Standards Board \( F) Tj ET Q q 0 0 0 rg BT 336.93 299.10 Td (ASB\) issued ) Tj ET Q q 0 0 0 rg BT 393.60 299.10 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 287.10 Td (\(ASU\) 2017-07, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.37 287.10 Td (Compensation-Retir) Tj ET Q q 0 0 0 rg BT 220.10 287.10 Td (ement Benefits \(T) Tj ET Q q 0 0 0 rg BT 289.17 287.10 Td (opic 715\): Impr) Tj ET Q q 0 0 0 rg BT 352.12 287.10 Td (oving the Pr) Tj ET Q q 0 0 0 rg BT 401.18 287.10 Td (esentation of Net Periodic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 275.10 Td (Pension Cost and Net Periodic Postr) Tj ET Q q 0 0 0 rg BT 210.68 275.10 Td (etir) Tj ET Q q 0 0 0 rg BT 224.19 275.10 Td (ement Benefit Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.73 275.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.05 275.10 Td (This ) Tj ET Q q 0 0 0 rg BT 326.77 275.10 Td (ASU requires companies that of) Tj ET Q q 0 0 0 rg BT 454.89 275.10 Td (fer postretirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 263.10 Td (benefits to present the service cost, which is the amount an employer has to set aside each period to cover the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.10 Td (benefits, in the same line item with other employee compensation costs. Other components of net benefit cost are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 239.10 Td (required to be presented in the income statement separately from the service cost component and outside a subtotal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 227.10 Td (of income from operations. ) Tj ET Q q 0 0 0 rg BT 176.31 227.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 226.21 227.10 Td (, only the service cost component will be eligible for capitalization when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 215.10 Td (applicable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 191.10 Td (Public companies must comply with the new requirements under ) Tj ET Q q 0 0 0 rg BT 346.84 191.10 Td (ASU 2017-07 for fiscal years that start after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 179.10 Td (December 15, 2017, and the amendments must be applied retrospectively except for the capitalization change, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 167.10 Td (should be applied prospectively) Tj ET Q q 0 0 0 rg BT 189.26 167.10 Td (. Early adoption is allowed, and we elected to adopt ) Tj ET Q q 0 0 0 rg BT 400.59 167.10 Td (ASU 2017-07 on January 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 155.10 Td (2017. Prior to adoption, we expensed all components of pension expense through salaries and wages, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 143.10 Td (impacted operating income. ) Tj ET Q q 0 0 0 rg BT 179.17 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.80 143.10 Td (e are now recording only the service component of pension expense to salaries and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 131.10 Td (wages, with the remainder of the expense being recorded to other income and expense below operating profit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 119.10 Td (Comparative prior periods have been restated for this change. ) Tj ET Q q 0 0 0 rg BT 314.12 119.10 Td (The changes were not material to our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 107.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 83.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 179.46 83.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.37 83.10 Td (ASU 2016-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.20 83.10 Td (Leases \(T) Tj ET Q q 0 0 0 rg BT 326.90 83.10 Td (opic 842\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.44 83.10 Td (This ) Tj ET Q q 0 0 0 rg BT 392.17 83.10 Td (ASU requires lessees to recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 71.10 Td (a right of use asset and lease liability on the balance sheet for all leases, with the exception of short-term leases. ) Tj ET Q q 0 0 0 rg BT 514.33 71.10 Td (The ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (new accounting model for lessors remains lar) Tj ET Q q 0 0 0 rg BT 244.43 659.10 Td (gely the same, although some changes have been made to align it with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (the new lessee model and the new revenue recognition guidance. ) Tj ET Q q 0 0 0 rg BT 327.17 647.10 Td (This update also requires companies to include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (additional disclosures regarding their lessee and lessor agreements. Public companies are required to adopt the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (standard for financial reporting periods that start after December 15, 2018, although early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 516.01 623.10 Td (W) Tj ET Q q 0 0 0 rg BT 524.65 623.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (are currently in the process of evaluating the impact this new standard will have on our financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 587.10 Td (In July 2015, the F) Tj ET Q q 0 0 0 rg BT 164.54 587.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 213.44 587.10 Td (ASU 2015-1) Tj ET Q q 0 0 0 rg BT 263.90 587.10 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.90 587.10 Td (Inventory \(T) Tj ET Q q 0 0 0 rg BT 322.69 587.10 Td (opic 330\): Simplifying the Measur) Tj ET Q q 0 0 0 rg BT 459.52 587.10 Td (ement of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.32 575.10 Td (. Prior to this update, reporting entities were required to measure inventory at the lower of cost or market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (Market could be replacement cost, net realizable value or net realizable value less an approximately normal profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (mar) Tj ET Q q 0 0 0 rg BT 78.37 551.10 Td (gin. Under this update, inventory is to be measured at the lower of cost or net realizable value, which is defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (as the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (disposal and transportation. ) Tj ET Q q 0 0 0 rg BT 178.08 527.10 Td (This ) Tj ET Q q 0 0 0 rg BT 197.80 527.10 Td (ASU became ef) Tj ET Q q 0 0 0 rg BT 260.93 527.10 Td (fective for fiscal years beginning after December 15, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (interim periods within those fiscal years. ) Tj ET Q q 0 0 0 rg BT 230.56 515.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.20 515.10 Td (e adopted this standard on January 1, 2017, and it did not have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 503.10 Td (material impact on our results of operations, financial position or cash flows as we have historically measured our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td (inventory at the lower of cost or net realizable value, as described above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 467.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 166.20 467.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 215.10 467.10 Td (ASU 2014-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.93 467.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 318.59 467.10 Td (om Contracts with Customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.27 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.59 467.10 Td (This ) Tj ET Q q 0 0 0 rg BT 462.32 467.10 Td (ASU amends the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 455.10 Td (existing accounting standards for revenue recognition and is based on the principle that revenue should be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.10 Td (recognized to depict the transfer of goods or services to a customer at an amount that reflects the consideration a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 431.10 Td (company expects to receive in exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 338.83 431.10 Td (W) Tj ET Q q 0 0 0 rg BT 347.47 431.10 Td (e will adopt this ) Tj ET Q q 0 0 0 rg BT 413.58 431.10 Td (ASU as required on January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 419.10 Td (1, 2018, using the full retrospective method of adoption. ) Tj ET Q q 0 0 0 rg BT 290.55 419.10 Td (W) Tj ET Q q 0 0 0 rg BT 299.19 419.10 Td (e do not expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 441.94 419.10 Td (ASU to have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 407.10 Td (material impact on our consolidated financial statements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 371.10 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 371.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 91.37 371.10 Td (oduct Sales Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 354.10 Td (The amounts reported as product sales revenue on our consolidated statements of income include revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 342.10 Td (from the physical sale of petroleum products and mark-to-market adjustments from exchange-based futures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 330.10 Td (contracts. See Note 8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.47 330.10 Td (Derivative Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.78 330.10 Td ( for a discussion of our commodity hedging strategies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 318.10 Td (how our futures contracts impact product sales revenue. ) Tj ET Q q 0 0 0 rg BT 290.71 318.10 Td (All of the petroleum products inventory we physically sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 306.10 Td (associated with our butane blending and fractionation activities, as well as the barrels from product gains we obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 294.10 Td (from our operations, including tender deductions, are reported as product sales revenue on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 282.10 Td (statements of income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 261.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.11 261.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.09 261.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.92 261.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.52 261.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.96 261.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.96 261.10 Td (, product sales revenue included the following \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 249.10 Td (thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 109.11 249.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 209.60000000000002 m 409.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 209.60000000000002 m 413.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 209.60000000000002 m 458.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 209.60000000000002 m 409.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 196.60000000000002 m 409.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 209.60000000000002 m 458.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 196.60000000000002 m 458.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 196.60000000000002 m 409.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 196.60000000000002 m 458.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 166.60000000000002 m 409.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 152.60000000000002 m 409.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 150.60000000000002 m 409.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 166.60000000000002 m 458.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 152.60000000000002 m 458.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 150.60000000000002 m 458.5 150.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.10 221.73 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.00 211.73 Td (March 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.00 200.86 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.00 200.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 200.83 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.00 186.06 Td (Physical sale of petroleum products) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 185.86 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 186.06 Td (130,580) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 186.06 Td (216,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.00 171.06 Td (Change in value of futures contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 170.86 Td (..............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 171.06 Td (15,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 171.06 Td (28,680) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.00 156.06 Td (Total product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 155.86 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 156.06 Td (146,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 156.06 Td (245,620) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 51.60 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 659.25 Td (Segment Disclosur) Tj ET Q q 0 0 0 rg BT 159.98 659.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 635.25 Td (Our reportable segments are strategic business units that of) Tj ET Q q 0 0 0 rg BT 322.86 635.25 Td (fer dif) Tj ET Q q 0 0 0 rg BT 347.39 635.25 Td (ferent products and services. Our segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.25 Td (are managed separately as each segment requires dif) Tj ET Q q 0 0 0 rg BT 272.44 623.25 Td (ferent marketing strategies and business knowledge. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.25 Td (Management evaluates performance based on segment operating mar) Tj ET Q q 0 0 0 rg BT 339.65 611.25 Td (gin, which includes revenue from af) Tj ET Q q 0 0 0 rg BT 483.86 611.25 Td (filiates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.25 Td (external customers, operating expenses, cost of product sales and earnings of non-controlled entities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 578.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 578.25 Td (e believe that investors benefit from having access to the same financial measures used by management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 566.25 Td (Operating mar) Tj ET Q q 0 0 0 rg BT 120.85 566.25 Td (gin, which is presented in the following tables, is an important measure used by management to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 554.25 Td (evaluate the economic performance of our core operations. Operating mar) Tj ET Q q 0 0 0 rg BT 358.80 554.25 Td (gin is not a GAAP) Tj ET Q q 0 0 0 rg BT 432.32 554.25 Td ( measure, but the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 542.25 Td (components of operating mar) Tj ET Q q 0 0 0 rg BT 180.29 542.25 Td (gin are computed using amounts that are determined in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 496.58 542.25 Td (. ) Tj ET Q q 0 0 0 rg BT 503.53 542.25 Td (A) Tj ET Q q 0 0 0 rg BT 510.20 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 530.25 Td (reconciliation of operating mar) Tj ET Q q 0 0 0 rg BT 186.94 530.25 Td (gin to operating profit, which is its nearest comparable GAAP) Tj ET Q q 0 0 0 rg BT 434.84 530.25 Td ( financial measure, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 518.25 Td (included in the tables below) Tj ET Q q 0 0 0 rg BT 174.54 518.25 Td (. Operating profit includes depreciation and amortization expense and general and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 506.25 Td (administrative \(G&A\) expense that management does not consider when evaluating the core profitability of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 494.25 Td (separate operating segments.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 458.75 m 285.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 458.75 m 289.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 458.75 m 344.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 458.75 m 348.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 458.75 m 403.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 458.75 m 407.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 458.75 m 462.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 458.75 m 466.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 458.75 m 521.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 424.75 m 285.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 424.75 m 344.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 424.75 m 403.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 424.75 m 462.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 424.75 m 521.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 424.75 m 285.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 424.75 m 344.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 424.75 m 403.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 424.75 m 462.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 379.75 m 285.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 379.75 m 344.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 379.75 m 403.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 379.75 m 462.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 379.75 m 521.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 319.75 m 285.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 319.75 m 344.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 319.75 m 403.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 319.75 m 462.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 319.75 m 521.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 274.75 m 285.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 274.75 m 344.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 274.75 m 403.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 274.75 m 462.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 274.75 m 521.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 260.75 m 285.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 258.75 m 285.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 260.75 m 344.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 258.75 m 344.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 260.75 m 403.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 258.75 m 403.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 260.75 m 462.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 258.75 m 462.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 260.75 m 521.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 258.75 m 521.5 258.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 463.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.60 462.98 Td (Three Months Ended March 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 450.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 449.98 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 429.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.15 436.98 Td (Refined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.20 428.98 Td (Products) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.25 428.98 Td (Crude Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 436.98 Td (Marine) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.35 428.98 Td (Storage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.80 436.98 Td (Intersegment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.70 428.98 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.75 428.98 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 416.01 Td (Transportation and terminals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.25 416.01 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 414.21 Td (224,750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 414.21 Td (101,728) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 414.21 Td (43,597) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 414.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 414.21 Td (370,075) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 401.01 Td (Product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 401.01 Td (....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 399.21 Td (143,916) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 399.21 Td (1,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 399.21 Td (903) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 399.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 399.21 Td (146,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 386.01 Td (Affiliate management fee revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.75 386.01 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 384.21 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 384.21 Td (2,784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 384.21 Td (315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 384.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.75 384.21 Td (3,179) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 371.01 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 371.01 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 369.21 Td (368,746) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 369.21 Td (106,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 369.21 Td (44,815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 369.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 369.21 Td (519,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 356.01 Td (Operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.00 356.01 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 354.21 Td (85,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 354.21 Td (21,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 354.21 Td (17,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 354.21 Td (\(1,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 354.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 354.21 Td (122,913) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 341.01 Td (Cost of product sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 341.01 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 339.21 Td (111,856) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 339.21 Td (1,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 339.21 Td (384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 339.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 339.21 Td (113,585) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 326.01 Td (\(Earnings\) losses of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 326.01 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 324.21 Td (42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.25 324.21 Td (\(16,979) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.00 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 324.21 Td (\(691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 324.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.25 324.21 Td (\(17,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 309.21 Td (Operating margin) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.25 309.01 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 309.21 Td (171,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 309.21 Td (100,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 309.21 Td (27,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 309.21 Td (1,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 309.21 Td (300,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 296.01 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 296.01 Td (.........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 294.21 Td (25,120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 294.21 Td (9,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 294.21 Td (7,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 294.21 Td (1,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 294.21 Td (43,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 281.01 Td (G&A expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.25 281.01 Td (...............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 279.21 Td (25,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 279.21 Td (9,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 279.21 Td (5,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 279.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 279.21 Td (40,676) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 264.21 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 264.01 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 264.21 Td (120,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 264.21 Td (81,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 264.21 Td (14,637) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 264.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 264.21 Td (216,516) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 249.45 Td () Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (10) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 652.5 m 285.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 652.5 m 289.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 652.5 m 344.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 652.5 m 348.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 652.5 m 403.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 652.5 m 407.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 652.5 m 462.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 652.5 m 466.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 652.5 m 521.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 618.5 m 285.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 618.5 m 344.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 618.5 m 403.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 618.5 m 462.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 618.5 m 521.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 618.5 m 285.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 618.5 m 344.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 618.5 m 403.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 618.5 m 462.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 573.5 m 285.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 573.5 m 344.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 573.5 m 403.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 573.5 m 462.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 573.5 m 521.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 513.5 m 285.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 513.5 m 344.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 513.5 m 403.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 513.5 m 462.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 513.5 m 521.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 468.5 m 285.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 468.5 m 344.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 468.5 m 403.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 468.5 m 462.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 468.5 m 521.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 454.5 m 285.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 452.5 m 285.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 454.5 m 344.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 452.5 m 344.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 454.5 m 403.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 452.5 m 403.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 454.5 m 462.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 452.5 m 462.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 454.5 m 521.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 452.5 m 521.5 452.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 656.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.60 656.73 Td (Three Months Ended March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 643.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 643.73 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 622.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.15 630.73 Td (Refined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.20 622.73 Td (Products) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.25 622.73 Td (Crude Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 630.73 Td (Marine) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.35 622.73 Td (Storage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.80 630.73 Td (Intersegment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.70 622.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.75 622.73 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 609.76 Td (Transportation and terminals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.25 609.76 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 607.96 Td (241,905) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 607.96 Td (105,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 607.96 Td (46,407) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 607.96 Td (\(694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 607.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 607.96 Td (392,671) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 594.76 Td (Product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 594.76 Td (....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 592.96 Td (240,170) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 592.96 Td (3,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 592.96 Td (2,347) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 592.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 592.96 Td (245,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 579.76 Td (Affiliate management fee revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.75 579.76 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 577.96 Td (329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 577.96 Td (3,134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 577.96 Td (320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 577.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.75 577.96 Td (3,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 564.76 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 564.76 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 562.96 Td (482,404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 562.96 Td (111,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 562.96 Td (49,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 562.96 Td (\(694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 562.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 562.96 Td (642,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 549.76 Td (Operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.00 549.76 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 547.96 Td (93,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 547.96 Td (27,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 547.96 Td (12,655) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 547.96 Td (\(2,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 547.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 547.96 Td (131,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 534.76 Td (Cost of product sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 534.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 532.96 Td (167,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 532.96 Td (2,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 532.96 Td (2,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 532.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 532.96 Td (172,876) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 519.76 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.25 519.76 Td (...............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.50 517.96 Td (\(111) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.00 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.25 517.96 Td (\(20,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.00 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 517.96 Td (\(685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 517.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.25 517.96 Td (\(21,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 502.96 Td (Operating margin) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.25 502.76 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 502.96 Td (221,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 502.96 Td (101,945) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 502.96 Td (34,486) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 502.96 Td (1,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 502.96 Td (359,052) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 489.76 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 489.76 Td (.........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 487.96 Td (26,966) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 487.96 Td (10,856) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 487.96 Td (8,156) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 487.96 Td (1,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 487.96 Td (47,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 474.76 Td (G&A expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.25 474.76 Td (...............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 472.96 Td (24,901) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 472.96 Td (10,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 472.96 Td (5,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 472.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 472.96 Td (40,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 457.96 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 457.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 457.96 Td (169,434) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 457.96 Td (81,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 457.96 Td (20,989) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 457.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 457.96 Td (271,473) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 425.00 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 413.00 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 413.00 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 196.99 413.00 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 389.00 Td (Our investments in non-controlled entities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.07 389.00 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.67 389.00 Td ( were comprised of:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161 352.5 m 384 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 352.5 m 459 352.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.30 356.73 Td (Entity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.10 364.73 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.70 356.73 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 341.96 Td (BridgeTex Pipeline Company, LLC \(BridgeTex\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 341.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 326.96 Td (Double Eagle Pipeline LLC \(Double Eagle\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 326.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 311.96 Td (HoustonLink Pipeline Company, LLC \(HoustonLink\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 311.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 296.96 Td (Powder Springs Logistics, LLC \(Powder Springs\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 296.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 281.96 Td (Saddlehorn Pipeline Company, LLC \(Saddlehorn\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 281.96 Td (40%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 266.96 Td (Seabrook Logistics, LLC \(Seabrook\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 266.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 251.96 Td (Texas Frontera, LLC \(Texas Frontera\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 251.96 Td (50%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 224.00 Td (In February 2016, we transferred a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.33 224.00 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 224.00 Td ( membership interest in Osage Pipe Line Company) Tj ET Q q 0 0 0 rg BT 453.14 224.00 Td (, LLC \(Osage\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 212.00 Td (an af) Tj ET Q q 0 0 0 rg BT 82.53 212.00 Td (filiate of HollyFrontier Corporation. In conjunction with this transaction, we entered into several commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 200.00 Td (agreements with af) Tj ET Q q 0 0 0 rg BT 138.90 200.00 Td (filiates of HollyFrontier Corporation, which we recorded at that time as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.09 200.00 Td ($43.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.98 200.00 Td ( intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 188.00 Td (asset and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.82 188.00 Td ($8.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.71 188.00 Td ( other receivable on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 378.00 188.00 Td (The intangible asset is being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 176.00 Td (amortized over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.47 176.00 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.47 176.00 Td (-year life of the contracts received. ) Tj ET Q q 0 0 0 rg BT 294.65 176.00 Td (W) Tj ET Q q 0 0 0 rg BT 303.29 176.00 Td (e recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.53 176.00 Td ($26.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.42 176.00 Td ( non-cash gain in first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 164.00 Td (quarter 2016 in relation to this transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 140.00 Td (In January 2017, we entered into an agreement to guarantee our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.12 140.00 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.45 140.00 Td ( pro rata share, up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.14 140.00 Td ($50.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.03 140.00 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 128.00 Td (obligations under Powder Springs) Tj ET Q q 0 0 0 rg BT 201.41 128.00 Td ( credit facility) Tj ET Q q 0 0 0 rg BT 256.85 128.00 Td (. ) Tj ET Q q 0 0 0 rg BT 263.80 128.00 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.30 128.00 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.89 128.00 Td (, we recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.36 128.00 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.25 128.00 Td ( other current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 116.00 Td (liability and a corresponding increase in our investment in non-controlled entities on our consolidated balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 104.00 Td (to reflect the fair value of this guarantee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 80.00 Td (The management fees we have recognized from BridgeT) Tj ET Q q 0 0 0 rg BT 316.70 80.00 Td (ex, HoustonLink, Osage, Powder Springs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 68.00 Td (Saddlehorn, Seabrook and ) Tj ET Q q 0 0 0 rg BT 170.57 68.00 Td (T) Tj ET Q q 0 0 0 rg BT 175.98 68.00 Td (exas Frontera are reported as af) Tj ET Q q 0 0 0 rg BT 301.57 68.00 Td (filiate management fee revenue on our consolidated ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 51.60 Td (1) Tj ET Q q 0 0 0 rg BT 296.78 51.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (statements of income. In addition, we receive reimbursement from certain of our joint ventures for costs incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (during construction and operations, which we have included as reductions to costs and expenses on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (statements of income. ) Tj ET Q q 0 0 0 rg BT 155.29 635.10 Td (These cost reimbursements totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.36 635.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.26 635.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.69 635.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.59 635.10 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.41 635.10 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.98 623.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.41 623.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.41 623.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.08 623.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 599.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 599.10 Td (e recognized pipeline capacity lease revenue from BridgeT) Tj ET Q q 0 0 0 rg BT 333.66 599.10 Td (ex of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.43 599.10 Td ($8.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.32 599.10 Td ( for each of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.34 599.10 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.98 587.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.41 587.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.41 587.10 Td (, which we included in transportation and terminals revenue on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (statements of income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 551.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 551.10 Td (e recognized throughput revenue from Double Eagle of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.44 551.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.33 551.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.77 551.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.66 551.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.04 551.10 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.98 539.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.41 539.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.41 539.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.08 539.10 Td (, which we included in transportation and terminals revenue on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (consolidated statements of income. ) Tj ET Q q 0 0 0 rg BT 207.97 527.10 Td (At each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.28 527.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.87 527.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 527.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.90 527.10 Td (, we recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.42 527.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.32 527.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (trade accounts receivable from Double Eagle. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 491.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 491.10 Td (e recognized storage revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.29 491.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.18 491.10 Td ( from Saddlehorn for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.54 491.10 Td (three months ended March 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.95 491.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (which we included in transportation and terminals revenue on our consolidated statement of income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 455.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 455.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.10 455.10 Td (, we recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.62 455.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.51 455.10 Td ( of other accounts receivable from each of Saddlehorn and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.10 Td (Powder Springs, respectively) Tj ET Q q 0 0 0 rg BT 179.27 443.10 Td (, related to miscellaneous cost reimbursements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 419.10 Td (The financial results from ) Tj ET Q q 0 0 0 rg BT 195.89 419.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.30 419.10 Td (exas Frontera are included in our marine storage segment, the financial results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 407.10 Td (from BridgeT) Tj ET Q q 0 0 0 rg BT 117.57 407.10 Td (ex, Double Eagle, HoustonLink, Osage, Saddlehorn and Seabrook are included in our crude oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 395.10 Td (segment and the financial results from Powder Springs are included in our refined products segment, each as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 383.10 Td (earnings/losses of non-controlled entities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 359.10 Td (A) Tj ET Q q 0 0 0 rg BT 96.67 359.10 Td ( summary of our investments in non-controlled entities follows \(in thousands\):) Tj ET Q 1 1 1 rg /GS0 gs 194.50 333.60 170.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 318.60 170.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 288.60 170.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 273.60 170.00 -23.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 250.60 170.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 220.60 170.00 -23.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 197.60 170.00 -23.00 re f /GS0 gs 1 1 1 rg /GS0 gs 194.50 174.60 170.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 250.60000000000002 m 425.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 174.60000000000002 m 425.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 174.60000000000002 m 425.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 160.60000000000002 m 425.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 158.60000000000002 m 425.5 158.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 323.06 Td (Investments at December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.75 322.86 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 323.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 323.06 Td (931,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 308.06 Td (Additional investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 307.86 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 308.06 Td (45,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 293.06 Td (Earnings of non-controlled entities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 278.06 Td (Proportionate share of earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.75 277.86 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 278.06 Td (22,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 264.06 Td (Amortization of excess investment and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 255.06 Td (capitalized interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.75 254.86 Td (.................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 255.06 Td (\(580) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 255.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.00 240.06 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 239.86 Td (......) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 240.06 Td (21,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 225.06 Td (Less:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 211.06 Td (Distributions of earnings from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 202.06 Td (investments in non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.25 201.86 Td (...) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 202.06 Td (20,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 188.06 Td (Distributions in excess of earnings of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 179.06 Td (non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 178.86 Td (...........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 179.06 Td (1,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 164.06 Td (Investments at March 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.25 163.86 Td (.......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 164.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 164.06 Td (976,419) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 630.25 Td (Inventory at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.09 630.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.68 630.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.12 630.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.71 630.25 Td ( was as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 619.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 587.95 m 424.5 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 587.95 m 487.5 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 587.95 m 424.5 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 587.95 m 487.5 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 512.95 m 424.5 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 498.95 m 424.5 498.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 496.95 m 424.5 496.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 512.95 m 487.5 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 498.95 m 487.5 498.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 496.95 m 487.5 496.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.25 600.18 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 592.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.00 600.18 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 592.18 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 577.62 Td (Refined products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 577.52 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 577.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 577.62 Td (54,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 577.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 577.62 Td (48,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 562.62 Td (Transmix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 562.52 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 562.62 Td (28,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 562.62 Td (35,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 547.62 Td (Liquefied petroleum gases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 547.52 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 547.62 Td (24,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 547.62 Td (32,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 532.62 Td (Crude oil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 532.52 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 532.62 Td (20,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 532.62 Td (23,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 517.62 Td (Additives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 517.52 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 517.62 Td (6,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 517.62 Td (6,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 502.62 Td (Total inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 502.52 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 502.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 502.62 Td (134,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 502.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 502.62 Td (146,428) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 462.45 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 462.45 Td (Employee Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 438.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 438.45 Td (e sponsor a defined contribution plan in which we match our employees' qualifying contributions, resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 426.45 Td (in additional expense to us. Expenses related to the defined contribution plan were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.62 426.45 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.52 426.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.95 426.45 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.85 426.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 414.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 110.66 414.45 Td (, for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.54 414.45 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.52 414.45 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.35 414.45 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.95 414.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.39 414.45 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.39 414.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 390.45 Td (Additionally) Tj ET Q q 0 0 0 rg BT 136.90 390.45 Td (, we sponsor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.68 390.45 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 390.45 Td ( union pension plans that cover certain union employees and a pension plan for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 378.45 Td (all non-union employees, and a postretirement benefit plan for selected employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 354.45 Td (Net periodic benefit expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.05 354.45 Td (three months ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.46 354.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.90 354.45 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.90 354.45 Td ( was as follows \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 342.45 Td (thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 161.45 Td () Tj ET Q 1 1 1 rg /GS0 gs 65.75 190.95 207.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 309.95000000000005 m 330.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.75 309.95000000000005 m 334.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 309.95000000000005 m 392.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 309.95000000000005 m 457.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.75 309.95000000000005 m 462.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 309.95000000000005 m 521.75 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 280.95000000000005 m 330.75 280.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 280.95000000000005 m 392.75 280.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 280.95000000000005 m 457.75 280.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 280.95000000000005 m 521.75 280.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 175.95000000000005 m 330.75 175.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 161.95000000000005 m 330.75 161.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 159.95000000000005 m 330.75 159.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 175.95000000000005 m 392.75 175.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 161.95000000000005 m 392.75 161.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 159.95000000000005 m 392.75 159.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 175.95000000000005 m 457.75 175.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 161.95000000000005 m 457.75 161.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 159.95000000000005 m 457.75 159.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 175.95000000000005 m 521.75 175.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 161.95000000000005 m 521.75 161.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 159.95000000000005 m 521.75 159.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.85 324.03 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 324.03 Td (Three Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 312.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.75 313.03 Td (March 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.75 313.03 Td (March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 285.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 293.18 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.45 285.18 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.10 301.18 Td (Other) Tj ET Q q 0 0 0 rg BT 373.39 301.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.85 293.18 Td (Postr) Tj ET Q q 0 0 0 rg BT 355.92 293.18 Td (etir) Tj ET Q q 0 0 0 rg BT 367.76 293.18 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.45 285.18 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.90 293.18 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.45 285.18 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.60 301.18 Td (Other) Tj ET Q q 0 0 0 rg BT 501.89 301.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.35 293.18 Td (Postr) Tj ET Q q 0 0 0 rg BT 484.42 293.18 Td (etir) Tj ET Q q 0 0 0 rg BT 496.26 293.18 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.95 285.18 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.25 271.52 Td (Components of net periodic benefit costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 256.52 Td (Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.75 256.52 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.25 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 255.62 Td (4,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.25 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 255.62 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.25 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 255.62 Td (5,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.25 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 255.62 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 241.52 Td (Interest cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.84 246.05 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.25 241.52 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 240.62 Td (2,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 240.62 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 240.62 Td (2,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 240.62 Td (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 226.52 Td (Expected return on plan assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 207.88 231.05 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.75 226.52 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.05 225.67 Td (\(2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 225.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 225.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.05 225.67 Td (\(2,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.90 225.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 225.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 211.52 Td (Amortization of prior service credit) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 228.42 216.05 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.75 211.52 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 210.67 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 210.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 210.67 Td (\(928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 210.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.55 210.67 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.90 210.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 210.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 196.52 Td (Amortization of actuarial loss) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 205.38 201.05 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.25 196.52 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 195.62 Td (1,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 195.62 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 195.62 Td (1,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 195.62 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 181.52 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 147.63 186.05 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.75 181.52 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 180.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 180.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 180.62 Td (1,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 180.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.25 166.52 Td (Net periodic benefit cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.75 166.52 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.25 165.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 165.62 Td (5,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.25 165.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 165.67 Td (\(573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 165.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.25 165.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 165.62 Td (7,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.25 165.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 165.62 Td (387) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 63.00 144.67 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.66 141.05 Td (Upon adoption of ) Tj ET Q q 0 0 0 rg BT 129.66 141.05 Td (ASU 2017-07, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.33 141.05 Td (Compensation-Retir) Tj ET Q q 0 0 0 rg BT 242.91 141.05 Td (ement Benefits \(T) Tj ET Q q 0 0 0 rg BT 298.16 141.05 Td (opic 715\): Impr) Tj ET Q q 0 0 0 rg BT 348.52 141.05 Td (oving the Pr) Tj ET Q q 0 0 0 rg BT 387.77 141.05 Td (esentation of Net Periodic Pension Cost and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 131.45 Td (Net Periodic Postr) Tj ET Q q 0 0 0 rg BT 131.70 131.45 Td (etir) Tj ET Q q 0 0 0 rg BT 142.51 131.45 Td (ement Benefit Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.94 131.45 Td (, these components of net periodic benefit cost \(credit\) are reported on the consolidated statements of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 121.85 Td (income as other expense \(income\). See Note 1 ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.39 121.85 Td (Or) Tj ET Q q 0 0 0 rg BT 238.98 121.85 Td (ganization, Description of Business and Basis of Pr) Tj ET Q q 0 0 0 rg BT 404.02 121.85 Td (esentation - New ) Tj ET Q q 0 0 0 rg BT 459.65 121.85 Td (Accounting ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 112.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 79.70 112.25 Td (onouncements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.47 112.25 Td (for further details about this accounting change.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 98.25 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 659.10 Td (The changes in ) Tj ET Q q 0 0 0 rg BT 147.98 659.10 Td (AOCL) Tj ET Q q 0 0 0 rg BT 174.83 659.10 Td ( related to employee benefit plan assets and benefit obligations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.52 659.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 659.10 Td ( months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.38 647.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.98 647.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.41 647.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.41 647.10 Td ( were as follows \(in thousands\):) Tj ET Q 1 1 1 rg /GS0 gs 69.00 585.60 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 69.00 570.60 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 69.00 555.60 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 69.00 540.60 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 69.00 525.60 207.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 612.6 m 338 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 612.6 m 342 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 612.6 m 400 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 612.6 m 462 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 612.6 m 466 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 612.6 m 524 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 585.6 m 338 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 585.6 m 400 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 612.6 m 462 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 585.6 m 462 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 612.6 m 466 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 612.6 m 524 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 585.6 m 524 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 585.6 m 338 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 585.6 m 400 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 585.6 m 462 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 585.6 m 524 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 525.6 m 338 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 511.6 m 338 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 509.6 m 338 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 525.6 m 400 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 511.6 m 400 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 509.6 m 400 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 525.6 m 462 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 511.6 m 462 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 509.6 m 462 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 525.6 m 524 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 511.6 m 524 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 509.6 m 524 509.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.10 628.68 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.10 628.68 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 616.68 Td (March 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.00 616.68 Td (March 31, 2017) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 71.5 588.6463378906251 m 200.78466796875 588.6463378906251 l s q 0 0 0 rg BT 71.50 590.05 Td (Gains \(Losses\) Included in AOCL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.15 597.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.70 589.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.35 604.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.10 596.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 588.68 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.15 597.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.70 589.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.35 604.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.10 596.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.70 588.68 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 575.27 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 575.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 575.32 Td (\(62,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 575.32 Td (\(3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 575.32 Td (\(58,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 575.32 Td (\(7,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 560.27 Td (Amortization of prior service credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 560.17 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 560.32 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 560.32 Td (\(928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 560.32 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 545.27 Td (Amortization of actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 545.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 545.27 Td (1,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 545.27 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 545.27 Td (1,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 545.27 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 530.27 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 530.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 530.27 Td (1,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 515.27 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 515.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 515.32 Td (\(61,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 515.32 Td (\(4,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 515.32 Td (\(56,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 515.32 Td (\(7,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 69.00 500.60 207.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 485.10 Td (Contributions estimated to be paid into the plans in 2017 are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.63 485.10 Td ($26.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.52 485.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.96 485.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.85 485.10 Td ( for the pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 473.10 Td (and other postretirement benefit plans, respectively) Tj ET Q q 0 0 0 rg BT 267.28 473.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 437.10 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 437.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 420.10 Td (Long-term debt at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.20 420.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.78 420.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.22 420.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.82 420.10 Td ( was as follows \(in thousands\):) Tj ET Q 1 1 1 rg /GS0 gs 66.00 388.60 299.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 388.6 m 527 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 388.6 m 446 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 388.6 m 527 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 245.60000000000002 m 446 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 245.60000000000002 m 527 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 245.60000000000002 m 446 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 245.60000000000002 m 527 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 193.60000000000002 m 446 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 193.60000000000002 m 527 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 193.60000000000002 m 446 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 181.60000000000002 m 446 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 179.60000000000002 m 446 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 193.60000000000002 m 527 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 181.60000000000002 m 527 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 179.60000000000002 m 527 179.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.50 392.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.75 400.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 392.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 400.83 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 392.83 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 379.17 Td (Commercial paper) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 379.17 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 379.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 379.17 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 379.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 379.17 Td (167,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 366.17 Td (6.40% Notes due 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 366.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 366.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 366.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 353.17 Td (6.55% Notes due 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 353.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 353.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 353.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 340.17 Td (4.25% Notes due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 340.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 340.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 340.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 327.17 Td (3.20% Notes due 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 327.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 327.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 327.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 314.17 Td (5.00% Notes due 2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 314.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 314.17 Td (650,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 314.17 Td (650,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 301.17 Td (6.40% Notes due 2037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 301.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 301.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 301.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 288.17 Td (4.20% Notes due 2042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 288.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 288.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 288.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 275.17 Td (5.15% Notes due 2043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 275.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 275.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 275.17 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 262.17 Td (4.20% Notes due 2045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 262.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 262.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 262.17 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 249.17 Td (4.25% Notes due 2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 249.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 249.17 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 249.17 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 236.17 Td (Face value of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.00 236.17 Td (...............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 236.17 Td (4,100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 236.17 Td (4,217,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 223.17 Td (Unamortized debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 199.30 227.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 223.17 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 223.22 Td (\(26,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 223.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.30 223.22 Td (\(26,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 223.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 210.17 Td (Net unamortized debt premium) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 193.74 214.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.50 210.17 Td (................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 210.17 Td (6,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 210.17 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 197.17 Td (Net unamortized amount of gains from historical fair value hedges) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 334.80 201.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 197.17 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 197.17 Td (7,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 197.17 Td (6,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 184.17 Td (Long-term debt, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.50 184.17 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 184.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 184.17 Td (4,087,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 184.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 184.17 Td (4,203,080) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 63.00 160.10 Td (\(1\) Debt issuance costs, note discounts and premiums and realized gains and losses of historical fair value hedges are being amortized or accreted to the applicable ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 72.00 153.10 Td (notes over the respective lives of those notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 122.10 Td (All of the instruments detailed in the table above are senior indebtedness.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 98.10 Td (Revolving Cr) Tj ET Q q 0 0 0 rg BT 138.17 98.10 Td (edit Facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.43 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.38 98.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.88 98.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.48 98.10 Td (, the total borrowing capacity under our revolving credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 86.10 Td (facility with a maturity date of October 27, 2020 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.66 86.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.78 86.10 Td (. ) Tj ET Q q 0 0 0 rg BT 330.72 86.10 Td (Any borrowings outstanding under this facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 74.10 Td (are classified as long-term debt on our consolidated balance sheets. Borrowings under this facility are unsecured ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (and bear interest at LIBOR plus a spread ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.49 659.10 Td (1.000%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.32 659.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.10 659.10 Td (1.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.93 659.10 Td ( based on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 473.45 659.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 523.36 659.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (an unused commitment fee is assessed at a rate between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.03 647.10 Td (0.100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.86 647.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 647.10 Td (0.275%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.13 647.10 Td ( depending on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 504.91 647.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (unused commitment fee was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.64 635.10 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.47 635.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.68 635.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.28 635.10 Td (. Borrowings under this facility may be used for general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (partnership purposes, including capital expenditures. ) Tj ET Q q 0 0 0 rg BT 276.00 623.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.45 623.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.03 623.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.47 623.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.07 623.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 514.73 623.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.41 611.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.41 611.10 Td ( borrowings outstanding under this facility) Tj ET Q q 0 0 0 rg BT 287.02 611.10 Td (, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.30 611.10 Td ($6.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.19 611.10 Td ( obligated for letters of credit. ) Tj ET Q q 0 0 0 rg BT 485.04 611.10 Td (Amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (obligated for letters of credit are not reflected as debt on our consolidated balance sheets, but decrease our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (borrowing capacity under this facility) Tj ET Q q 0 0 0 rg BT 212.86 587.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 563.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 563.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.60 563.10 Td (, the total borrowing capacity under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.66 563.10 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.66 563.10 Td (-day credit facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.06 563.10 Td ($250.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.95 563.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.27 563.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (maturity date of this credit facility is October 19, 2017. ) Tj ET Q q 0 0 0 rg BT 288.22 551.10 Td (Any borrowings under this facility are classified as current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (debt on our consolidated balance sheets. Borrowings under this facility are unsecured and bear interest at LIBOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (plus a spread ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.69 527.10 Td (1.000%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.52 527.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.30 527.10 Td (1.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.13 527.10 Td ( based on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 362.66 527.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 412.56 527.10 Td (, an unused commitment fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (is assessed at a rate between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.51 515.10 Td (0.080%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.34 515.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.78 515.10 Td (0.225%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.61 515.10 Td ( depending on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 394.39 515.10 Td (The unused commitment fee was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 503.10 Td (0.100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.83 503.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 503.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.65 503.10 Td (. Borrowings under this facility may be used for general partnership purposes, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td (capital expenditures. ) Tj ET Q q 0 0 0 rg BT 150.19 491.10 Td (As of December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.66 491.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.26 491.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 388.92 491.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.33 491.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.33 491.10 Td ( borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (outstanding under this facility) Tj ET Q q 0 0 0 rg BT 182.05 479.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 455.10 Td (Commer) Tj ET Q q 0 0 0 rg BT 119.57 455.10 Td (cial Paper Pr) Tj ET Q q 0 0 0 rg BT 173.63 455.10 Td (ogram. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.25 455.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.89 455.10 Td (e have a commercial paper program under which we may issue commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.10 Td (paper notes in an amount up to the available capacity under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.02 443.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.13 443.10 Td ( revolving credit facility) Tj ET Q q 0 0 0 rg BT 461.39 443.10 Td (. ) Tj ET Q q 0 0 0 rg BT 468.71 443.10 Td (The maturities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 431.10 Td (of the commercial paper notes vary) Tj ET Q q 0 0 0 rg BT 203.68 431.10 Td (, but may not exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.21 431.10 Td (397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.21 431.10 Td ( days from the date of issuance. Because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 419.10 Td (commercial paper we can issue is limited to amounts available under our revolving credit facility) Tj ET Q q 0 0 0 rg BT 450.55 419.10 Td (, amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 407.10 Td (outstanding under the program are classified as long-term debt. ) Tj ET Q q 0 0 0 rg BT 320.80 407.10 Td (The commercial paper notes are sold under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 395.10 Td (customary terms in the commercial paper market and are issued at a discount from par) Tj ET Q q 0 0 0 rg BT 408.03 395.10 Td (, or alternatively) Tj ET Q q 0 0 0 rg BT 473.19 395.10 Td (, are sold at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 383.10 Td (par and bear varying interest rates on a fixed or floating basis. ) Tj ET Q q 0 0 0 rg BT 315.51 383.10 Td (The weighted-average interest rate for commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 371.10 Td (paper borrowings based on the number of days outstanding was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.17 371.10 Td (0.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 371.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.94 371.10 Td (1.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 371.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 436.43 371.10 Td (, for the quarters ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 359.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.60 359.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.04 359.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.04 359.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 323.10 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 323.10 Td (Derivative Financial Instruments) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 297.7669921875 m 185.0947265625 297.7669921875 l s q 0 0 0 rg BT 85.50 299.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 104.57 299.10 Td (est Rate Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 275.10 Td (e periodically enter into interest rate derivatives to hedge the fair value of debt or hedge against variability in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 263.10 Td (interest rates, and we have historically designated these derivatives as fair value or cash flow hedges for accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 105.50 251.10 Td (Adjustments resulting from discontinued hedges continue to be recognized in accordance with their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 239.10 Td (historic hedging relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 215.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 215.10 Td (e have entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.93 215.10 Td ($100.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.83 215.10 Td ( of forward-starting interest rate swap agreements to hedge against the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 203.10 Td (risk of variability of future interest payments on a portion of debt we anticipate issuing in 2018. ) Tj ET Q q 0 0 0 rg BT 450.23 203.10 Td (The fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 191.10 Td (these contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.36 191.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.96 191.10 Td ( were recorded on our balance sheets as other noncurrent assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.51 191.10 Td ($15.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.41 191.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 179.10 Td (with the of) Tj ET Q q 0 0 0 rg BT 106.14 179.10 Td (fset recorded to other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 293.67 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.31 179.10 Td (e account for these agreements as cash flow hedges.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (15) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 657.7669921875 m 180.2021484375 657.7669921875 l s q 0 0 0 rg BT 85.50 659.10 Td (Commodity Derivatives) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 635.10 Td (Hedging Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 611.10 Td (Our butane blending activities produce gasoline products, and we can reasonably estimate the timing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (quantities of sales of these products. ) Tj ET Q q 0 0 0 rg BT 210.29 599.10 Td (W) Tj ET Q q 0 0 0 rg BT 218.92 599.10 Td (e use a combination of exchange-based commodities futures contracts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (forward purchase and sale contracts to help manage commodity price changes and mitigate the risk of decline in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (product mar) Tj ET Q q 0 0 0 rg BT 111.41 575.10 Td (gin realized from our butane blending activities. Further) Tj ET Q q 0 0 0 rg BT 337.89 575.10 Td (, certain of our other commercial operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (generate petroleum products, and we also use futures contracts to hedge against price changes for some of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (commodities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 527.10 Td (Forward physical purchase and sale contracts that qualify for and are elected as normal purchases and sales are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (accounted for using traditional accrual accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 491.10 Td (The futures contracts that we enter into fall into one of three hedge categories:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 466.6 m 168.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 466.6 m 332.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 466.6 m 528.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 452.6 m 168.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 452.6 m 172.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 452.6 m 332.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 452.6 m 336.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 452.6 m 528.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 348.6 m 168.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 348.6 m 172.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 348.6 m 332.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 348.6 m 336.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 348.6 m 528.5 348.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.30 470.83 Td (Hedge Category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.10 470.83 Td (Hedge Purpose) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.65 470.83 Td (Accounting Treatment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.50 456.83 Td (Qualifies For Hedge Accounting Treatment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 444.55 Td ( Cash Flow Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 444.55 Td (To hedge the variability in cash flows related to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 436.55 Td (a forecasted transaction.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 444.55 Td (The effective portion of changes in the fair value of the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 436.55 Td (hedge is recorded to accumulated other comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 428.55 Td (income/loss and reclassified to earnings when the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 420.55 Td (forecasted transaction occurs. Any ineffectiveness is) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 412.55 Td (recognized currently in earnings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 400.55 Td ( Fair Value Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 400.55 Td (To hedge against changes in the fair value of a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 392.55 Td (recognized asset or liability.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 400.55 Td (The effective portion of changes in the fair value of the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 392.55 Td (hedge is recorded as adjustments to the asset or liability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 384.55 Td (being hedged. Any ineffectiveness and amounts excluded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 376.55 Td (from the assessment of hedge effectiveness are) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 368.55 Td (recognized currently in earnings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.50 352.83 Td (Does Not Qualify For Hedge Accounting Treatment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 340.55 Td ( Economic Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 340.55 Td (T) Tj ET Q q 0 0 0 rg BT 179.33 340.55 Td (o ef) Tj ET Q q 0 0 0 rg BT 191.40 340.55 Td (fectively serve as either a fair value or a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 332.55 Td (cash flow hedge; however) Tj ET Q q 0 0 0 rg BT 258.43 332.55 Td (, the derivative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 324.55 Td (agreement does not qualify for hedge ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 316.55 Td (accounting treatment under ) Tj ET Q q 0 0 0 rg BT 264.08 316.55 Td (Accounting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 308.55 Td (Standards Codification \(ASC\) 815, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 175.00 300.55 Td (Derivatives and Hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.43 300.55 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 340.55 Td (Changes in the fair value of these agreements are) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 332.55 Td (recognized currently in earnings.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.05 274.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.03 274.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.86 274.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.46 274.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.89 274.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.89 274.10 Td (, none of the commodity hedging contracts we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 262.10 Td (entered into qualified for or were designated as cash flow hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 238.10 Td (e use futures contracts designated as economic hedges for accounting purposes to hedge against changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 226.10 Td (the price of refined products and crude oil that we expect to sell in the future. Period changes in the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 214.10 Td (these agreements are recognized currently in earnings as adjustments to product sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 190.10 Td (e also use futures contracts designated as economic hedges for accounting purposes to hedge against changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 178.10 Td (in the price of butane we expect to purchase in the future. Period changes in the fair value of these agreements are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 166.10 Td (recognized currently in earnings as adjustments to cost of product sales. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 142.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.40 142.10 Td (, we hold certain crude oil tank bottoms which we classify as long-term assets and include with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 130.10 Td (other noncurrent assets on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 301.35 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 309.99 130.10 Td (e use futures contracts to hedge against changes in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 118.10 Td (fair value of these assets. ) Tj ET Q q 0 0 0 rg BT 168.06 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 176.70 118.10 Td (e record the ef) Tj ET Q q 0 0 0 rg BT 233.98 118.10 Td (fective portion of the gains or losses for those contracts that qualify as fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 106.10 Td (value hedges as adjustments to the asset being hedged and the inef) Tj ET Q q 0 0 0 rg BT 328.58 106.10 Td (fective portions as well as amounts excluded from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 94.10 Td (the assessment of hedge ef) Tj ET Q q 0 0 0 rg BT 169.45 94.10 Td (fectiveness as adjustments to other \(income\) or expense.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 659.10 Td (As outlined in the table below) Tj ET Q q 0 0 0 rg BT 205.10 659.10 Td (, our open futures contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.45 659.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.05 659.10 Td ( were as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 627.6 m 236 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 627.6 m 375 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 627.6 m 519 627.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 639.83 Td (Type of Contract/Accounting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.55 631.83 Td (Methodology) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.15 639.83 Td (Product Represented by the Contract) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.95 631.83 Td (and Associated Barrels) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.35 631.83 Td (Maturity Dates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 619.55 Td (Futures - Fair Value Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 619.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 619.55 Td (0.7 million barrels of crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.50 619.55 Td (...............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 619.55 Td (November 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 606.55 Td (Futures - Economic Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 606.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 606.55 Td (2.7 million barrels of refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 598.55 Td (and crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.50 598.55 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 597.85 Td (Between April and October 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 585.55 Td (Futures - Economic Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 585.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 585.55 Td (0.1 million barrels of butane) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.50 585.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 584.85 Td (April 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 104.57 557.10 Td (gy Commodity Derivatives Contracts and Deposits Offsets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 533.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.58 533.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.02 533.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.62 533.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 312.28 533.10 Td (, we had made mar) Tj ET Q q 0 0 0 rg BT 387.90 533.10 Td (gin deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.29 533.10 Td ($49.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.18 533.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 521.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.89 521.10 Td ( for our future contracts with our counterparties, which were recorded as current assets under ener) Tj ET Q q 0 0 0 rg BT 503.21 521.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 509.10 Td (commodity derivatives deposits on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 336.36 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.00 509.10 Td (e have the right to of) Tj ET Q q 0 0 0 rg BT 427.85 509.10 Td (fset the combined fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 497.10 Td (values of our open futures contracts against our mar) Tj ET Q q 0 0 0 rg BT 270.53 497.10 Td (gin deposits under a master netting arrangement for each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 485.10 Td (counterparty; however) Tj ET Q q 0 0 0 rg BT 152.84 485.10 Td (, we have elected to present the combined fair values of our open futures contracts separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 473.10 Td (from the related mar) Tj ET Q q 0 0 0 rg BT 144.72 473.10 Td (gin deposits on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 338.57 473.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 388.47 473.10 Td (, we have the right to of) Tj ET Q q 0 0 0 rg BT 483.54 473.10 Td (fset the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 461.10 Td (values of our futures contracts together for each counterparty) Tj ET Q q 0 0 0 rg BT 306.69 461.10 Td (, which we have elected to do, and we report the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 449.10 Td (combined net balances on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 299.87 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 306.54 449.10 Td ( schedule of the derivative amounts we have of) Tj ET Q q 0 0 0 rg BT 494.62 449.10 Td (fset and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 437.10 Td (the deposit amounts we could of) Tj ET Q q 0 0 0 rg BT 192.52 437.10 Td (fset under a master netting arrangement are provided below as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.91 437.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 425.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.44 425.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.04 425.10 Td ( \(in thousands\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 401.6 m 268.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 401.6 m 272.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 401.6 m 336.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 401.6 m 340.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 401.6 m 404.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 401.6 m 408.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 401.6 m 472.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 401.6 m 476.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 401.6 m 530.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.25 356.6 m 202.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 401.6 m 268.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 356.6 m 268.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 401.6 m 272.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 401.6 m 336.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 356.6 m 336.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 401.6 m 340.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 401.6 m 404.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 356.6 m 404.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 401.6 m 408.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 401.6 m 472.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 356.6 m 472.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 401.6 m 476.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 401.6 m 530.25 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 356.6 m 530.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 356.6 m 268.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 342.6 m 268.25 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 340.6 m 268.25 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 356.6 m 336.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 342.6 m 336.25 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 340.6 m 336.25 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 342.6 m 404.25 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 340.6 m 404.25 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 356.6 m 472.25 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 342.6 m 472.25 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 340.6 m 472.25 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 342.6 m 530.25 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 340.6 m 530.25 340.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 405.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 123.45 360.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.45 376.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.85 368.83 Td (of Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.60 360.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.45 392.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.95 384.83 Td (of Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 376.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.30 368.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 360.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.05 392.83 Td (Net Amounts of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.60 384.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 376.83 Td (Presented in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 368.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 360.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 392.83 Td (Margin Deposit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 384.83 Td (Amounts Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.60 376.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.30 368.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 360.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.85 368.83 Td (Net ) Tj ET Q q 0 0 0 rg BT 500.40 368.83 Td (Asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 360.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 513.70 364.46 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.75 345.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.75 345.55 Td (......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.75 345.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.35 345.85 Td (\(36,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.05 345.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.75 345.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.05 345.85 Td (6,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.75 345.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.35 345.85 Td (\(30,738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.05 345.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.75 345.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.05 345.85 Td (49,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 345.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 345.85 Td (19,161) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 314.6 m 268.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 314.6 m 272.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 314.6 m 336.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 314.6 m 340.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 314.6 m 404.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 314.6 m 408.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 314.6 m 472.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 314.6 m 476.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 314.6 m 530.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.25 269.6 m 202.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 314.6 m 268.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 269.6 m 268.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 314.6 m 272.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 314.6 m 336.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 269.6 m 336.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 314.6 m 340.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 314.6 m 404.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 269.6 m 404.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 314.6 m 408.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 314.6 m 472.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 269.6 m 472.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 314.6 m 476.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 314.6 m 530.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 269.6 m 530.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 269.6 m 268.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 255.60000000000002 m 268.25 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 253.60000000000002 m 268.25 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 269.6 m 336.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 255.60000000000002 m 336.25 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 253.60000000000002 m 336.25 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 255.60000000000002 m 404.25 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 253.60000000000002 m 404.25 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 269.6 m 472.25 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 255.60000000000002 m 472.25 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 253.60000000000002 m 472.25 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 255.60000000000002 m 530.25 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 253.60000000000002 m 530.25 253.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.25 318.83 Td (March 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 123.45 273.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.45 289.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.85 281.83 Td (of Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.05 273.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.45 305.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.30 297.83 Td (of Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 289.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.30 281.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 273.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.05 305.83 Td (Net Amounts of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.05 297.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 289.83 Td (Presented in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 281.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 273.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 305.83 Td (Margin Deposit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 297.83 Td (Amounts Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.60 289.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.30 281.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 273.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.85 281.83 Td (Net ) Tj ET Q q 0 0 0 rg BT 500.40 281.83 Td (Asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 273.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 513.70 277.46 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.75 258.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.75 258.55 Td (......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.75 258.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.05 258.85 Td (3,040) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.75 258.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.35 258.85 Td (\(2,513) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.05 258.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.75 258.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.05 258.85 Td (527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.75 258.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.05 258.85 Td (9,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 258.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 258.85 Td (10,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 238.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 99.00 238.50 Td (Amount represents the maximum loss we would incur if all of our counterparties failed to perform on their derivative contracts.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (17) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 87 657.7669921875 m 291.9609375 657.7669921875 l s q 0 0 0 rg BT 87.00 659.10 Td (Impact of Derivatives on Our Financial Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 635.10 Td (Compr) Tj ET Q q 0 0 0 rg BT 114.41 635.10 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 611.10 Td (The changes in derivative activity included in ) Tj ET Q q 0 0 0 rg BT 271.66 611.10 Td (AOCL) Tj ET Q q 0 0 0 rg BT 298.51 611.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.89 611.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.88 611.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.70 611.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 611.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.74 611.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.74 611.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (were as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.85 498.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 566.6 m 406.6 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.6 566.6 m 410.6 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 566.6 m 465.6 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 566.6 m 406.6 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 553.6 m 406.6 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 566.6 m 465.6 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 553.6 m 465.6 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 553.6 m 406.6 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 553.6 m 465.6 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 510.6 m 406.6 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 510.6 m 465.6 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 498.6 m 406.6 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 496.6 m 406.6 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 498.6 m 465.6 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.6 496.6 m 465.6 496.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.20 580.68 Td (Three Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.10 569.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.10 569.68 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 132.1 556.580078125 m 257.223046875 556.580078125 l s q 0 0 0 rg BT 132.10 557.83 Td (Derivative Losses Included in AOCL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.10 557.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.60 557.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.10 544.85 Td (Beginning balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.10 544.55 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.10 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 544.85 Td (\(30,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.40 544.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.10 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.70 544.85 Td (\(34,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.40 544.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.10 529.85 Td (Net gain \(loss\) on cash flow hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.10 529.55 Td (.................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 529.85 Td (\(12,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.40 529.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.40 529.85 Td (1,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.10 514.85 Td (Reclassification of net loss on cash flow hedges to income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.10 514.55 Td (.............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.40 514.85 Td (388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.40 514.85 Td (740) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.10 501.85 Td (Ending balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.10 501.55 Td (.................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.10 501.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 501.85 Td (\(42,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.40 501.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.10 501.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.70 501.85 Td (\(32,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.40 501.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 477.10 Td (Income Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 456.10 Td (The following tables provide a summary of the ef) Tj ET Q q 0 0 0 rg BT 283.60 456.10 Td (fect on our consolidated statements of income for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.81 456.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.79 456.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 444.10 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.33 444.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.92 444.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.36 444.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.36 444.10 Td ( of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 365.97 444.10 Td (ASC 815-30, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 421.26 444.10 Td (Derivatives and Hedging) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 432.10 Td (Cash Flow Hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.11 432.10 Td (, that were designated as hedging instruments \(in thousands\): ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 408.6 m 198.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 408.6 m 238.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 408.6 m 260.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 408.6 m 264.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 408.6 m 342.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 408.6 m 346.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 408.6 m 370.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 408.6 m 410.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 408.6 m 437.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 408.6 m 441.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 408.6 m 465.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 408.6 m 505.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 408.6 m 531.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 383.6 m 370.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 383.6 m 410.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 383.6 m 437.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 383.6 m 441.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 383.6 m 465.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 383.6 m 505.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 383.6 m 531.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 369.6 m 172.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 369.6 m 198.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 369.6 m 238.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 369.6 m 260.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 369.6 m 342.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 369.6 m 370.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 369.6 m 410.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 369.6 m 437.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 369.6 m 465.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 369.6 m 505.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 369.6 m 531.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 369.6 m 238.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 357.6 m 238.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 355.6 m 238.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 369.6 m 410.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 357.6 m 410.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 355.6 m 410.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 369.6 m 505.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 357.6 m 505.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 355.6 m 505.5 355.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 412.83 Td (Three Months Ended March 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.20 389.83 Td (Amount of Gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.65 381.83 Td (\(Loss\) Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.65 373.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.75 397.83 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.75 389.83 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.80 381.83 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.30 373.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.15 395.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.65 387.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.35 373.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 373.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.10 373.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 360.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 360.55 Td (.................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.60 360.85 Td (\(12,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.30 360.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 360.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 360.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 360.85 Td (\(388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 360.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 360.85 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 333.6 m 197.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 333.6 m 237.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 333.6 m 259.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 333.6 m 263.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 333.6 m 341.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 333.6 m 345.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 333.6 m 369.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 333.6 m 409.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 333.6 m 437.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 333.6 m 441.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 333.6 m 466.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 333.6 m 505.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 333.6 m 531.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 312.6 m 369.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 312.6 m 409.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 312.6 m 437.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 312.6 m 441.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 312.6 m 466.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 312.6 m 505.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 312.6 m 531.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 299.6 m 171.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 299.6 m 197.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 299.6 m 237.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 299.6 m 259.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 299.6 m 341.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 299.6 m 369.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 299.6 m 409.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 299.6 m 437.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 299.6 m 466.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 299.6 m 505.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 299.6 m 531.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 299.6 m 237.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 287.6 m 237.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 285.6 m 237.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 299.6 m 409.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 287.6 m 409.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 285.6 m 409.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 299.6 m 505.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 287.6 m 505.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 285.6 m 505.5 285.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 337.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.10 337.83 Td (Three Months Ended March 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.20 319.83 Td (Amount of Gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.65 311.83 Td (\(Loss\) Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.65 303.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.75 325.68 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.75 317.68 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.80 309.68 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.30 301.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 324.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.15 316.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.85 303.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 303.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.10 303.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 290.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 136.00 290.55 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.00 290.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.25 290.85 Td (1,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 290.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 290.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 290.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 290.85 Td (\(740) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 290.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 290.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 290.85 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 247.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 247.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.54 247.10 Td (, the net loss estimated to be classified to interest expense over the next twelve months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 235.10 Td (from ) Tj ET Q q 0 0 0 rg BT 84.39 235.10 Td (AOCL) Tj ET Q q 0 0 0 rg BT 111.24 235.10 Td ( is approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.17 235.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.06 235.10 Td (.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 659.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 659.10 Td (e use futures contracts designated as fair value hedges under ) Tj ET Q q 0 0 0 rg BT 337.38 659.10 Td (ASC 815-25, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.66 659.10 Td (Derivatives and HedgingFair ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (V) Tj ET Q q 0 0 0 rg BT 68.00 647.10 Td (alue Hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.71 647.10 Td (, to hedge against changes in the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.25 647.10 Td (0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.14 647.10 Td ( barrels of crude oil that are contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (reserved as tank bottoms and included with other noncurrent assets on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 479.65 635.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 623.10 Td (fective portions of the fair value gains or losses on these futures contracts were of) Tj ET Q q 0 0 0 rg BT 396.96 623.10 Td (fset by fair value gains or losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (on the tank bottoms. ) Tj ET Q q 0 0 0 rg BT 149.48 611.10 Td (There was no inef) Tj ET Q q 0 0 0 rg BT 221.21 611.10 Td (fectiveness recognized on these hedges. ) Tj ET Q q 0 0 0 rg BT 385.13 611.10 Td (The cash flows from settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (contracts were recorded in operating activities in our consolidated statements of cash flows. ) Tj ET Q q 0 0 0 rg BT 434.64 599.10 Td (The gains \(losses\) on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (these futures contracts and the underlying tank bottoms were as follows \(in millions\):) Tj ET Q 1 1 1 rg /GS0 gs 145.25 542.60 235.00 -21.00 re f /GS0 gs 1 1 1 rg /GS0 gs 145.25 521.60 235.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.25 555.6 m 425.25 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.25 555.6 m 429.25 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.25 555.6 m 470.25 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.25 542.6 m 425.25 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.25 542.6 m 470.25 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.25 542.6 m 425.25 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.25 542.6 m 470.25 542.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.35 567.83 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.25 559.83 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.25 546.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 546.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.75 533.85 Td (Gain recognized in other income/expense on derivatives \(futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.75 525.85 Td (contracts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.75 525.55 Td (..................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 525.85 Td (1.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.00 525.85 Td (3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.75 512.85 Td (Loss recognized in other income/expense on hedged item \(tank) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.75 504.85 Td (bottoms\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.75 504.55 Td (....................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.35 504.85 Td (\(1.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.05 504.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.35 504.85 Td (\(3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.05 504.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 114.47 473.10 Td (ferential between the current spot price and forward price is excluded from the assessment of hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 461.10 Td (fectiveness for these fair value hedges. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.63 461.10 Td (three months ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.04 461.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.48 461.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.48 461.10 Td (, we recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 449.10 Td (gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.55 449.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.44 449.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 449.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.77 449.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 263.43 449.10 Td (, for the amounts we excluded from the assessment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 437.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 437.10 Td (fectiveness of these fair value hedges, which we reported as other \(income\) expense on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 425.10 Td (statements of income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.10 Td (The following table provides a summary of the ef) Tj ET Q q 0 0 0 rg BT 283.60 404.10 Td (fect on our consolidated statements of income for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.81 404.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 392.10 Td (months ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.92 392.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.36 392.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.36 392.10 Td ( of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 365.97 392.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.93 392.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.46 392.10 Td (, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 380.10 Td (were not designated as hedging instruments \(in thousands\): ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 346.6 m 402.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 346.6 m 406.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 346.6 m 466.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 324.6 m 402.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 324.6 m 406.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 324.6 m 466.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 126.5 311.6 m 235.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 311.6 m 338.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 324.6 m 402.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 311.6 m 402.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 324.6 m 466.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 311.6 m 466.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 311.6 m 402.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 311.6 m 466.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 266.6 m 402.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 266.6 m 466.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 266.6 m 402.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 252.60000000000002 m 402.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 250.60000000000002 m 402.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 266.6 m 466.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 252.60000000000002 m 466.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 250.60000000000002 m 466.5 250.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.00 350.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 350.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 358.83 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.85 350.83 Td (Recognized on Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.60 338.68 Td (Three Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.00 327.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.15 323.83 Td (LocationofGain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.35 315.83 Td (RecognizedonDerivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 327.68 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.35 315.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 315.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 315.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.00 300.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.00 300.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 300.85 Td (Productsalesrevenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 300.55 Td (...........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 300.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 300.85 Td (15,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 300.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 300.85 Td (28,680) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.00 285.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.00 285.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 285.85 Td (Operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.00 285.55 Td (...............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 285.85 Td (2,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 285.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.00 270.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.00 270.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 270.85 Td (Cost of product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 270.55 Td (............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.60 270.85 Td (\(428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 270.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 270.85 Td (1,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 255.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.00 255.55 Td (...................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 255.85 Td (18,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 255.85 Td (29,917) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 231.10 Td (The impact of the derivatives in the above table was reflected as cash from operations on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 219.10 Td (statements of cash flows.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 659.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 638.10 Td (The following tables provide a summary of the fair value of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 457.15 638.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 626.10 Td (Derivatives and Hedging,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.03 626.10 Td ( which are presented on a net basis in our consolidated balance sheets, that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 614.10 Td (designated as hedging instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.64 614.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.22 614.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.66 614.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.26 614.10 Td ( \(in thousands\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 590.6 m 317.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 590.6 m 321.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 590.6 m 366.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 590.6 m 370.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 590.6 m 478.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 590.6 m 482.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 590.6 m 528.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 577.6 m 317.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 577.6 m 321.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 577.6 m 366.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 577.6 m 478.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 577.6 m 482.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 577.6 m 528.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 564.6 m 208.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 564.6 m 317.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 564.6 m 366.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 564.6 m 478.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 564.6 m 528.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 530.6 m 366.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 530.6 m 528.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 530.6 m 366.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 518.6 m 366.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 516.6 m 366.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 530.6 m 528.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 518.6 m 528.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 516.6 m 528.5 516.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 594.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.75 594.83 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 581.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.55 581.83 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 581.83 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.85 568.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 568.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.65 568.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 568.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 568.83 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 556.55 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 123.00 556.55 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.00 556.55 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.00 548.55 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 548.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 547.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 547.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 555.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.00 547.85 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 547.55 Td (.........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 547.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.25 547.85 Td (3,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 535.55 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.00 535.55 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.00 535.55 Td (Other noncurrent assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 535.55 Td (...........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.25 534.85 Td (14,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 535.55 Td (Other noncurrent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 535.55 Td (.......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 534.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.00 522.55 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 522.55 Td (......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 521.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.25 521.85 Td (14,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 521.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 521.55 Td (.......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 521.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.25 521.85 Td (3,079) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.00 508.50 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 485 m 315.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 485 m 319.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 485 m 365.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 485 m 369.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 485 m 480.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 485 m 484.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 485 m 530.5 485 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 472 m 315.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 472 m 319.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 472 m 365.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 472 m 480.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 472 m 484.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 472 m 530.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 459 m 206.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 459 m 315.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 459 m 365.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 459 m 480.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 459 m 530.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 459 m 365.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 459 m 530.5 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 425 m 365.5 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 425 m 530.5 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 425 m 365.5 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 413 m 365.5 413 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 411 m 365.5 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 425 m 530.5 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 413 m 530.5 413 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 411 m 530.5 411 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 489.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.50 489.23 Td (March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 476.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.05 476.23 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 476.23 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.85 463.23 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.50 463.23 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.15 463.23 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 463.23 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 463.23 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 450.95 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.00 450.95 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 450.95 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 442.95 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 442.95 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 442.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 442.25 Td (368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 450.95 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 442.95 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 442.95 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 442.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 442.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 429.95 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 429.95 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 429.95 Td (Other noncurrent assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.00 429.95 Td (...........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 429.25 Td (15,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 429.95 Td (Other noncurrent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.00 429.95 Td (.........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 429.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 416.95 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 416.95 Td (......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 416.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 416.25 Td (15,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 416.95 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.00 416.95 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 416.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 416.25 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.00 402.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 390.90 Td (The following tables provide a summary of the fair value of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 457.15 390.90 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 378.90 Td (Derivatives and Hedging,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.03 378.90 Td ( which are presented on a net basis in our consolidated balance sheets, that were not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 366.90 Td (designated as hedging instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.64 366.90 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.22 366.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.66 366.90 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.26 366.90 Td ( \(in thousands\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 343.4 m 316.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 343.4 m 320.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 343.4 m 365.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 343.4 m 369.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 343.4 m 480.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 343.4 m 484.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 343.4 m 530.5 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 330.4 m 316.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 330.4 m 320.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 330.4 m 365.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 330.4 m 480.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 330.4 m 484.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 330.4 m 530.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 317.4 m 207.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 317.4 m 316.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 317.4 m 365.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 317.4 m 480.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 317.4 m 530.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 317.4 m 365.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 297.4 m 365.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 295.4 m 365.5 295.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 317.4 m 530.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 297.4 m 530.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 295.4 m 530.5 295.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 262.4 m 316.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 262.4 m 320.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 262.4 m 365.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 262.4 m 369.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 262.4 m 480.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 262.4 m 484.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 262.4 m 530.5 262.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 249.39999999999998 m 316.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 249.39999999999998 m 320.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 249.39999999999998 m 365.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 249.39999999999998 m 480.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 249.39999999999998 m 484.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 249.39999999999998 m 530.5 249.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 236.39999999999998 m 207.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 236.39999999999998 m 316.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 236.39999999999998 m 365.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 236.39999999999998 m 480.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 236.39999999999998 m 530.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 236.39999999999998 m 365.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 216.39999999999998 m 365.5 216.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 214.39999999999998 m 365.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 236.39999999999998 m 530.5 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 216.39999999999998 m 530.5 216.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 214.39999999999998 m 530.5 214.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 347.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.25 347.63 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 334.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.55 334.63 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 334.63 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.35 321.63 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.50 321.63 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.65 321.63 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 321.63 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 321.63 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 309.35 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 309.35 Td (..........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 309.35 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.00 301.35 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 301.35 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 300.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 300.65 Td (6,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 309.35 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 301.35 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 301.35 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 300.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 300.65 Td (33,719) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 266.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 266.63 Td (March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 253.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.55 253.63 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 253.63 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.35 240.63 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.50 240.63 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.65 240.63 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 240.63 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 240.63 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 228.35 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 228.35 Td (..........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 227.65 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.00 219.65 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 219.35 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 219.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 219.65 Td (2,672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 227.65 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 219.65 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 219.35 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 219.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 219.65 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET BT /F1 14.00 Tf ET q 0 0 0 rg BT 297.00 199.10 Td () Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 635.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 107.35 635.25 Td (onmental Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.62 635.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 611.25 Td (Liabilities recognized for estimated environmental costs were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.08 611.25 Td ($24.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.97 611.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.41 611.25 Td ($24.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 611.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.58 599.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.02 599.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.62 599.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 277.28 599.25 Td (. ) Tj ET Q q 0 0 0 rg BT 282.10 599.25 Td (W) Tj ET Q q 0 0 0 rg BT 290.74 599.25 Td (e have classified environmental liabilities as current or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.25 Td (noncurrent based on management) Tj ET Q q 0 0 0 rg BT 200.45 587.25 Td (s estimates regarding the timing of actual payments. Environmental expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.25 Td (recognized as a result of changes in our environmental liabilities are generally included in operating expenses on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.25 Td (consolidated statements of income. Environmental expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.47 563.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.37 563.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 563.25 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.70 563.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.07 563.25 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.25 Td (ended March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.98 551.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.41 551.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.41 551.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.08 551.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 527.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 108.85 527.25 Td (onmental Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.31 527.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 503.25 Td (Receivables from insurance carriers and other third parties related to environmental matters were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.67 503.25 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.56 503.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.72 491.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.30 491.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.07 491.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.96 491.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.40 491.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.29 491.25 Td ( were recorded to other accounts receivable and long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.25 Td (term receivables, respectively) Tj ET Q q 0 0 0 rg BT 181.46 479.25 Td (, on our consolidated balance sheets. Receivables from insurance carriers and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 467.25 Td (third parties related to environmental matters were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.64 467.25 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.54 467.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.75 467.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.35 467.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.12 467.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.01 467.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.45 467.25 Td ($3.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 455.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.89 455.25 Td ( were recorded to other accounts receivable and long-term receivables, respectively) Tj ET Q q 0 0 0 rg BT 424.69 455.25 Td (, on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.25 Td (balance sheets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 419.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 419.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 395.25 Td (See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 140.88 395.25 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 243.83 395.25 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.88 395.25 Td ( for detail of our guarantee on behalf of Powder Springs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 371.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 371.25 Td (e are a party to various other claims, legal actions and complaints arising in the ordinary course of business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 359.25 Td (While the results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 268.66 359.25 Td (, management believes the ultimate resolution of these claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 347.25 Td (legal actions and complaints after consideration of amounts accrued, insurance coverage or other indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 335.25 Td (arrangements will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 256.90 335.25 Td (fect on our results of operations, financial position or cash flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 299.25 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 299.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 116.81 299.25 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 282.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 282.25 Td (e have a long-term incentive plan \(L) Tj ET Q q 0 0 0 rg BT 244.65 282.25 Td (TIP\) for certain of our employees and directors of our general partner) Tj ET Q q 0 0 0 rg BT 526.48 282.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 270.25 Td (The L) Tj ET Q q 0 0 0 rg BT 86.24 270.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 100.87 270.25 Td ( primarily consists of phantom units and permits the grant of awards covering an aggregate payout of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.70 270.25 Td (1) Tj ET Q q 0 0 0 rg BT 512.33 270.25 Td (1.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 258.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.89 258.25 Td ( of our limited partner units. ) Tj ET Q q 0 0 0 rg BT 209.46 258.25 Td (The compensation committee of our general partner) Tj ET Q q 0 0 0 rg BT 417.53 258.25 Td () Tj ET Q q 0 0 0 rg BT 420.31 258.25 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 246.25 Td (administers our L) Tj ET Q q 0 0 0 rg BT 132.62 246.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 146.52 246.25 Td (. ) Tj ET Q q 0 0 0 rg BT 153.83 246.25 Td (The estimated units remaining available under the L) Tj ET Q q 0 0 0 rg BT 361.46 246.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 376.09 246.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 246.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.90 246.25 Td ( total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.67 246.25 Td (2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.57 246.25 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 236.65 Td () Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 659.10 Td (Our equity-based incentive compensation expense was as follows \(in thousands\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 628.6 m 314.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 628.6 m 379.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 628.6 m 383.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 628.6 m 448.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 614.6 m 379.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 628.6 m 448.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 614.6 m 448.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 524.6 m 379.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 524.6 m 448.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 510.6 m 379.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 508.6 m 379.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 510.6 m 448.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 508.6 m 448.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 453.6 m 379.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 453.6 m 448.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 453.6 m 379.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 439.6 m 379.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 437.6 m 379.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 453.6 m 448.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 439.6 m 448.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 437.6 m 448.5 437.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.00 632.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.10 632.83 Td (Three Months Ended March 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.00 618.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.50 618.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 618.83 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 605.17 Td (Performance-based awards:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 590.17 Td (2014 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.00 590.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 589.27 Td (3,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 589.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 575.17 Td (2015 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.00 575.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 574.27 Td (1,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 574.27 Td (1,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 560.17 Td (2016 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.00 560.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 559.27 Td (1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 559.27 Td (1,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 545.17 Td (2017 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.00 545.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 544.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 544.27 Td (1,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 530.17 Td (Time-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 530.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 529.27 Td (576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 529.27 Td (666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 515.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 515.17 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 514.27 Td (6,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 514.27 Td (4,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 488.17 Td (Allocation of LTIP expense on our consolidated statements of income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 474.17 Td (G&A expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 474.17 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 473.27 Td (6,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 473.27 Td (4,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 459.17 Td (Operating expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.50 459.17 Td (.............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 458.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 458.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 444.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 444.17 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 443.27 Td (6,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 443.27 Td (4,147) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 415.10 Td (On February 2, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.82 415.10 Td (207,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.32 415.10 Td ( phantom unit awards were issued pursuant to our L) Tj ET Q q 0 0 0 rg BT 412.86 415.10 Td (TIP) Tj ET Q q 0 0 0 rg BT 426.75 415.10 Td (. ) Tj ET Q q 0 0 0 rg BT 434.07 415.10 Td (These grants included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 403.10 Td (both performance-based and time-based phantom unit awards and have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.34 403.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.32 403.10 Td (-year vesting period that will end on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 391.10 Td (December 31, 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 367.10 Td (On January 31, 2017, we issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.48 367.10 Td (216,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.98 367.10 Td ( limited partner units to settle unit awards to certain employees that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 355.10 Td (vested on December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.57 355.10 Td (23,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.07 355.10 Td ( limited partner units to settle the equity-based retainers paid to certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 343.10 Td (independent directors of our general partner and the final payment of deferred director compensation to a former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 331.10 Td (director) Tj ET Q q 0 0 0 rg BT 93.54 331.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 307.10 Td (Basic and Diluted Net Income Per Limited Partner Unit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 283.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 114.47 283.10 Td (ference between our actual limited partner units outstanding and our weighted-average number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 271.10 Td (limited partner units outstanding used to calculate basic net income per unit is due to the impact of: \(i\) the phantom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 259.10 Td (units issued to non-employee directors and \(ii\) the weighted average ef) Tj ET Q q 0 0 0 rg BT 346.61 259.10 Td (fect of units actually issued during a period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 247.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 91.97 247.10 Td (ference between the weighted-average number of limited partner units outstanding used for basic and diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 235.10 Td (net income per unit calculations on our consolidated statements of income is primarily the dilutive ef) Tj ET Q q 0 0 0 rg BT 466.32 235.10 Td (fect of phantom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 223.10 Td (unit grants associated with our L) Tj ET Q q 0 0 0 rg BT 192.89 223.10 Td (TIP) Tj ET Q q 0 0 0 rg BT 207.52 223.10 Td ( that have not yet vested.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (1) Tj ET Q q 0 0 0 rg BT 67.45 659.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 642.25 Td (Distributions we paid during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.21 642.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.21 642.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 642.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 642.25 Td ( were as follows \(in thousands, except per unit amounts\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.85 485.25 Td () Tj ET Q 1 1 1 rg /GS0 gs 156.60 602.75 103.00 -12.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 590.75 103.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 576.75 103.00 -12.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 564.75 103.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 549.75 103.00 -12.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 537.75 103.00 -12.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 525.75 103.00 -12.00 re f /GS0 gs 1 1 1 rg /GS0 gs 156.60 500.75 103.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.6 602.75 m 259.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.6 602.75 m 275.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 602.75 m 335.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.6 602.75 m 347.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.6 602.75 m 363.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 602.75 m 426.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.6 602.75 m 438.6 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 549.75 m 335.6 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 538.75 m 335.6 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 536.75 m 335.6 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 549.75 m 426.6 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 538.75 m 426.6 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 536.75 m 426.6 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 500.75 m 335.6 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 500.75 m 426.6 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 500.75 m 335.6 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 489.75 m 335.6 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 487.75 m 335.6 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 500.75 m 426.6 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 489.75 m 426.6 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 487.75 m 426.6 487.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.45 606.98 Td (Payment Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.95 622.98 Td (Per) Tj ET Q q 0 0 0 rg BT 292.79 622.98 Td (Unit Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.20 614.98 Td (Distribution) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.05 606.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.25 614.98 Td (Total Cash Distribution) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 606.98 Td (to Limited Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 593.37 Td (02/12/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 593.37 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 593.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 593.37 Td (0.7850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 593.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 593.37 Td (178,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 581.32 Td (05/13/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 581.32 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 581.32 Td (0.8025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 581.32 Td (182,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 567.37 Td (08/12/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 567.37 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 567.37 Td (0.8200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 567.37 Td (186,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 555.32 Td (11/14/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 555.32 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 554.42 Td (0.8375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 554.42 Td (190,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 540.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 540.37 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 540.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 540.37 Td (3.2450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 540.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 540.37 Td (739,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 516.37 Td (02/14/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 516.37 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 516.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 516.37 Td (0.8550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 516.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 516.37 Td (194,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 504.32 Td (05/15/2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.66 508.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 504.32 Td (0.8725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 504.32 Td (198,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 491.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 491.37 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 491.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 491.37 Td (1.7275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 491.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 491.37 Td (393,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.50 466.05 Td (\(1\) Our general partner) Tj ET Q q 0 0 0 rg BT 251.76 466.05 Td () Tj ET Q q 0 0 0 rg BT 253.98 466.05 Td (s board of directors declared this cash distribution ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 456.45 Td (in ) Tj ET Q q 0 0 0 rg BT 196.78 456.45 Td (April 2017 to be paid on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.21 456.45 Td (May 15, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.88 456.45 Td ( to unitholders of record at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 446.85 Td (the close of business on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.99 446.85 Td (May1, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.65 446.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 415.65 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 415.65 Td (Fair) Tj ET Q q 0 0 0 rg BT 103.64 415.65 Td ( ) Tj ET Q q 0 0 0 rg BT 105.96 415.65 Td (V) Tj ET Q q 0 0 0 rg BT 112.27 415.65 Td (alue) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 391.65 Td (Fair V) Tj ET Q q 0 0 0 rg BT 112.28 391.65 Td (alue Methods and ) Tj ET Q q 0 0 0 rg BT 186.25 391.65 Td (Assumptions - Financial ) Tj ET Q q 0 0 0 rg BT 286.35 391.65 Td (Assets and Liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 367.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 367.65 Td (e used the following methods and assumptions in estimating fair value of our financial assets and liabilities:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 343.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 343.65 Td (Ener) Tj ET Q q 0 0 0 rg BT 154.07 343.65 Td (gy commodity derivatives contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.97 343.65 Td (. ) Tj ET Q q 0 0 0 rg BT 303.29 343.65 Td (These include exchange-traded futures contracts related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 331.65 Td (to petroleum products. ) Tj ET Q q 0 0 0 rg BT 230.08 331.65 Td (These contracts are carried at fair value on our consolidated balance sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 319.65 Td (and are valued based on quoted prices in active markets. See Note 8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.35 319.65 Td (Derivative Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 307.65 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.22 307.65 Td ( for further disclosures regarding these contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 283.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 283.65 Td (Inter) Tj ET Q q 0 0 0 rg BT 154.07 283.65 Td (est rate contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 283.65 Td (These include forward-starting interest rate swap agreements to hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 271.65 Td (against the risk of variability of interest payments on future debt. ) Tj ET Q q 0 0 0 rg BT 399.47 271.65 Td (These contracts are carried at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 259.65 Td (fair value on our consolidated balance sheets and are valued based on an assumed exchange, at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 247.65 Td (end of each period, in an orderly transaction with a market participant in the market in which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 235.65 Td (financial instrument is traded. ) Tj ET Q q 0 0 0 rg BT 256.73 235.65 Td (The exchange value was calculated using present value techniques ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 223.65 Td (on estimated future cash flows based on forward interest rate curves. See Note 8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.00 223.65 Td (Derivative ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 211.65 Td (Financial Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.10 211.65 Td (for further disclosures regarding these contracts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 187.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 187.65 Td (Long-term r) Tj ET Q q 0 0 0 rg BT 183.24 187.65 Td (eceivables. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.88 187.65 Td ( ) Tj ET Q q 0 0 0 rg BT 232.20 187.65 Td (These primarily include payments receivable under a direct-financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 175.65 Td (leasing arrangement and cost reimbursement payments receivable. ) Tj ET Q q 0 0 0 rg BT 405.55 175.65 Td (These receivables were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 163.65 Td (recorded at fair value on our consolidated balance sheets, using then-current market rates to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 151.65 Td (estimate the present value of future cash flows. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 127.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 127.65 Td (Debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.94 127.65 Td ( ) Tj ET Q q 0 0 0 rg BT 159.26 127.65 Td (The fair value of our publicly traded notes was based on the prices of those notes at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 115.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.58 115.65 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.02 115.65 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.62 115.65 Td (; however) Tj ET Q q 0 0 0 rg BT 335.93 115.65 Td (, where recent observable market trades were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 103.65 Td (not available, prices were determined using adjustments to the last traded value for that debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 91.65 Td (issuance or by adjustments to the prices of similar debt instruments of peer entities that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 79.65 Td (actively traded.) Tj ET Q q 0 0 0 rg BT 198.96 79.65 Td (The carrying amount of borrowings, if any) Tj ET Q q 0 0 0 rg BT 369.09 79.65 Td (, under our revolving credit facility and ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 659.10 Td (our commercial paper program approximates fair value due to the frequent repricing of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 647.10 Td (obligations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 623.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 112.28 623.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 162.18 623.10 Td (ements - Financial ) Tj ET Q q 0 0 0 rg BT 239.48 623.10 Td (Assets and Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 599.10 Td (The following tables summarize the carrying amounts, fair values and fair value measurements recorded or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (disclosed as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.38 587.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.96 587.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.40 587.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 587.10 Td ( based on the three levels established by ) Tj ET Q q 0 0 0 rg BT 448.18 587.10 Td (ASC 820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 490.13 587.10 Td (Fair ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (V) Tj ET Q q 0 0 0 rg BT 68.00 575.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 117.90 575.10 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 204.19 575.10 Td (es ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.02 575.10 Td (\(in thousands\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 553.6 m 262.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 553.6 m 266.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 553.6 m 328.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 553.6 m 332.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 553.6 m 394.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 553.6 m 398.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 553.6 m 460.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 553.6 m 464.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 553.6 m 526.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 542.6 m 394.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 542.6 m 398.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 542.6 m 460.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 542.6 m 464.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 542.6 m 526.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 490.6 m 196.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 490.6 m 262.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 490.6 m 328.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 490.6 m 394.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 490.6 m 460.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 490.6 m 526.5 490.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 556.68 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.05 494.83 Td (Assets \(Liabilities\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.00 545.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.70 545.68 Td (Fair Value Measurements using:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.20 502.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.95 494.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.15 494.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.85 534.68 Td (QuotedPrices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 526.68 Td (in ) Tj ET Q q 0 0 0 rg BT 357.23 526.68 Td (Active ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.55 518.68 Td (Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 510.68 Td (for) Tj ET Q q 0 0 0 rg BT 351.92 510.68 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.30 502.68 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 494.68 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 526.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.85 518.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 510.83 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.85 502.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 494.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.55 518.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.40 510.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 502.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 494.83 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 481.17 Td (Energy commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 471.17 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 471.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.80 470.27 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 470.32 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 470.32 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 456.17 Td (Interest rate contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 456.17 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 456.17 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 456.17 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 456.17 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 442.17 Td (Long-term receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 442.17 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 442.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 442.17 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 442.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 442.17 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 442.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 442.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 442.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 442.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 442.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 442.17 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 428.17 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 428.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.30 428.17 Td (\(4,087,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 428.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 428.22 Td (\(4,262,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 428.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 428.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 428.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 428.22 Td (\(4,262,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 428.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 428.17 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 390.6 m 262.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 390.6 m 266.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 390.6 m 328.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 390.6 m 332.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 390.6 m 394.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 390.6 m 398.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 390.6 m 460.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 390.6 m 464.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 390.6 m 526.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 379.6 m 394.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 379.6 m 398.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 379.6 m 460.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 379.6 m 464.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 379.6 m 526.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 327.6 m 196.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 327.6 m 262.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 327.6 m 328.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 327.6 m 394.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 327.6 m 460.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 327.6 m 526.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 327.6 m 196.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 327.6 m 262.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 327.6 m 328.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 327.6 m 394.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 327.6 m 460.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 327.6 m 526.5 327.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 393.68 Td (March 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.05 331.83 Td (Assets \(Liabilities\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.00 382.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.70 382.68 Td (Fair Value Measurements using:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.20 339.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.95 331.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.15 331.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.85 371.68 Td (Quoted Prices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 363.68 Td (in ) Tj ET Q q 0 0 0 rg BT 356.23 363.68 Td (Active ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.55 355.68 Td (Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 347.68 Td (for) Tj ET Q q 0 0 0 rg BT 351.92 347.68 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.30 339.68 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 331.68 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 363.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.85 355.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 347.83 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.85 339.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 331.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.55 355.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.40 347.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 339.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 331.83 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 318.17 Td (Energy commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 308.17 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 308.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 307.27 Td (527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 307.27 Td (527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 307.27 Td (527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 307.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 307.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 293.17 Td (Interest rate contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 293.17 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 293.17 Td (15,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 293.17 Td (15,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 293.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 293.17 Td (15,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 293.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 279.17 Td (Long-term receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 279.17 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 278.27 Td (23,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 278.27 Td (23,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 278.27 Td (23,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 264.17 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 264.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.30 263.27 Td (\(4,203,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 263.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 263.32 Td (\(4,391,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 263.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 263.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 263.32 Td (\(4,391,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 263.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 263.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 223.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 223.10 Td (Related Party ) Tj ET Q q 0 0 0 rg BT 146.96 223.10 Td (T) Tj ET Q q 0 0 0 rg BT 152.89 223.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 199.10 Td (Barry R. Pearl is an independent member of our general partner) Tj ET Q q 0 0 0 rg BT 345.00 199.10 Td () Tj ET Q q 0 0 0 rg BT 347.78 199.10 Td (s board of directors and was also a director of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 187.10 Td (the general partner of ) Tj ET Q q 0 0 0 rg BT 151.11 187.10 Td (T) Tj ET Q q 0 0 0 rg BT 156.52 187.10 Td (ar) Tj ET Q q 0 0 0 rg BT 164.10 187.10 Td (ga Resources Partners, L.P) Tj ET Q q 0 0 0 rg BT 270.47 187.10 Td (. \(T) Tj ET Q q 0 0 0 rg BT 291.15 187.10 Td (ar) Tj ET Q q 0 0 0 rg BT 298.74 187.10 Td (ga\) through February 29, 2016. In the normal course of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 175.10 Td (business, we purchase butane from subsidiaries of ) Tj ET Q q 0 0 0 rg BT 265.55 175.10 Td (T) Tj ET Q q 0 0 0 rg BT 270.96 175.10 Td (ar) Tj ET Q q 0 0 0 rg BT 278.55 175.10 Td (ga. During Mr) Tj ET Q q 0 0 0 rg BT 337.99 175.10 Td (. Pearl) Tj ET Q q 0 0 0 rg BT 366.31 175.10 Td (s tenure as a director of the general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 163.10 Td (partner of ) Tj ET Q q 0 0 0 rg BT 104.46 163.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.88 163.10 Td (ar) Tj ET Q q 0 0 0 rg BT 117.46 163.10 Td (ga, we made purchases of butane from subsidiaries of ) Tj ET Q q 0 0 0 rg BT 334.44 163.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.85 163.10 Td (ar) Tj ET Q q 0 0 0 rg BT 347.43 163.10 Td (ga of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.20 163.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.09 163.10 Td ( for the period from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 151.10 Td (January 1, 2016 through February 29, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 127.10 Td (Stacy P) Tj ET Q q 0 0 0 rg BT 119.17 127.10 Td (. Methvin is an independent member of our general partner) Tj ET Q q 0 0 0 rg BT 355.57 127.10 Td () Tj ET Q q 0 0 0 rg BT 358.35 127.10 Td (s board of directors and is also a director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 115.10 Td (of one of our customers. ) Tj ET Q q 0 0 0 rg BT 165.29 115.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.93 115.10 Td (e received tarif) Tj ET Q q 0 0 0 rg BT 233.71 115.10 Td (f revenue from this customer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.56 115.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 115.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.89 115.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.78 115.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 103.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 110.66 103.10 Td (, for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.35 103.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.95 103.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.39 103.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.39 103.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.71 103.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.34 103.10 Td (e recorded receivables of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.06 103.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.95 103.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 91.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.89 91.10 Td ( from this customer at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.15 91.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.73 91.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.17 91.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.77 91.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 416.43 91.10 Td (. ) Tj ET Q q 0 0 0 rg BT 423.75 91.10 Td (The tarif) Tj ET Q q 0 0 0 rg BT 458.27 91.10 Td (f revenue we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 79.10 Td (recognized from this customer was in the normal course of business, with rates determined in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 67.10 Td (published tarif) Tj ET Q q 0 0 0 rg BT 120.86 67.10 Td (fs. ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 696.00 Td (MAGELLAN MIDSTREAM P) Tj ET Q q 0 0 0 rg BT 328.64 696.00 Td (AR) Tj ET Q q 0 0 0 rg BT 342.73 696.00 Td (TNERS, L.P) Tj ET Q q 0 0 0 rg BT 395.44 696.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.20 684.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 175.42 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.91 684.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 252.01 684.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 331.19 684.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.18 684.00 Td (A) Tj ET Q q 0 0 0 rg BT 351.66 684.00 Td (TEMENTS \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 647.10 Td (See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.88 647.10 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 246.83 647.10 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.88 647.10 Td ( for a discussion of af) Tj ET Q q 0 0 0 rg BT 386.06 647.10 Td (filiate joint venture transactions we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (account for under the equity method. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (14. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 599.10 Td (Subsequent Events) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 575.10 Td (Recognizable events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 551.10 Td (No recognizable events occurred subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.04 551.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.64 551.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 527.10 Td (Non-r) Tj ET Q q 0 0 0 rg BT 110.52 527.10 Td (ecognizable events) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 503.10 Td (Cash Distribution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.14 503.10 Td ( In ) Tj ET Q q 0 0 0 rg BT 178.42 503.10 Td (April 2017, our general partner) Tj ET Q q 0 0 0 rg BT 303.47 503.10 Td () Tj ET Q q 0 0 0 rg BT 306.25 503.10 Td (s board of directors declared a quarterly distribution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td ($0.8725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.50 491.10 Td ( per unit to be paid on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.76 491.10 Td (May 15, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.59 491.10 Td ( to unitholders of record at the close of business on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.93 491.10 Td (May1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.76 491.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.58 491.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (total cash distributions expected to be paid under this declaration are approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.11 479.10 Td ($199.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.01 479.10 Td (.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 704.25 Td (ITEM 2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 704.25 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 303.02 704.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 326.64 704.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 354.05 704.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 392.31 704.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 450.92 704.25 Td ( CONDITION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 692.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 209.59 692.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 237.84 692.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 274.60 692.25 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 668.25 Td (Intr) Tj ET Q q 0 0 0 rg BT 104.04 668.25 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 644.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 644.25 Td (e are a publicly traded limited partnership principally engaged in the transportation, storage and distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.25 Td (of refined petroleum products and crude oil. ) Tj ET Q q 0 0 0 rg BT 241.28 632.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.72 632.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.32 632.25 Td (, our asset portfolio, including the assets of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.25 Td (joint ventures, consisted of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 602.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 602.25 Td (our refined products segment, comprised of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.72 602.25 Td (9,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.22 602.25 Td (-mile refined products pipeline system with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.85 602.25 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.85 602.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 590.25 Td (terminals as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.09 590.25 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.09 590.25 Td ( independent terminals not connected to our pipeline system and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.85 590.25 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.35 590.25 Td (-mile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 578.25 Td (ammonia pipeline system; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 554.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 554.25 Td (our crude oil segment, comprised of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.16 554.25 Td (2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.66 554.25 Td ( miles of crude oil pipelines and storage facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 542.25 Td (with an aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.86 542.25 Td (26 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.25 542.25 Td ( barrels, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.72 542.25 Td (17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.11 542.25 Td ( barrels are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 530.25 Td (used for contract storage; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 506.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 506.25 Td (our marine storage segment, consisting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.68 506.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.23 506.25 Td ( marine terminals located along coastal waterways with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 494.25 Td (aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.64 494.25 Td (26 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.03 494.25 Td ( barrels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 470.25 Td (The following discussion provides an analysis of the results for each of our operating segments, an overview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 458.25 Td (of our liquidity and capital resources and other items related to our partnership. ) Tj ET Q q 0 0 0 rg BT 382.17 458.25 Td (The following discussion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 446.25 Td (analysis should be read in conjunction with \(i\)our accompanying interim consolidated financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 434.25 Td (related notes and \(ii\)our consolidated financial statements, related notes and management) Tj ET Q q 0 0 0 rg BT 425.65 434.25 Td (s discussion and analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 422.25 Td (of financial condition and results of operations included in our ) Tj ET Q q 0 0 0 rg BT 314.61 422.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 410.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.58 410.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 374.25 Td (Recent Developments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 350.25 Td (Cash Distribution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.64 350.25 Td ( In ) Tj ET Q q 0 0 0 rg BT 174.42 350.25 Td (April 2017, the board of directors of our general partner declared a quarterly cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 338.25 Td (distribution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.44 338.25 Td ($0.8725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.94 338.25 Td ( per unit for the period of January 1, 2017 through March 31, 2017. ) Tj ET Q q 0 0 0 rg BT 426.65 338.25 Td (This quarterly cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 326.25 Td (distribution will be paid on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.83 326.25 Td (May 15, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.66 326.25 Td ( to unitholders of record on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 326.25 Td (May1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.13 326.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.95 326.25 Td (T) Tj ET Q q 0 0 0 rg BT 402.36 326.25 Td (otal distributions expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 314.25 Td (paid under this declaration are approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.82 314.25 Td ($199.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.71 314.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 290.25 Td (Corpus Christi Splitter) Tj ET Q q 0 0 0 rg BT 178.32 290.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.82 290.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.64 290.25 Td (The sole customer of our Corpus Christi condensate splitter) Tj ET Q q 0 0 0 rg BT 423.52 290.25 Td (, an af) Tj ET Q q 0 0 0 rg BT 448.05 290.25 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 484.52 290.25 Td (T) Tj ET Q q 0 0 0 rg BT 490.28 290.25 Td (rafigura, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 278.25 Td (AG, gave notice to terminate its contract in January 2017, and we initiated legal action at that time to seek all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 266.25 Td (available remedies. In March 2017, new agreements were entered into as part of an amicable resolution of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 254.25 Td (dispute between the parties under the previous contracts, and the legal action was dismissed with prejudice. See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 242.25 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 97.91 242.25 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.89 242.25 Td ( in Item 1 of Part II for further details. ) Tj ET Q q 0 0 0 rg BT 294.88 242.25 Td (W) Tj ET Q q 0 0 0 rg BT 303.52 242.25 Td (e expect to begin commercial operations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 230.25 Td (condensate splitter during late second quarter 2017.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 704.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 680.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 680.25 Td (e believe that investors benefit from having access to the same financial measures utilized by management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.25 Td (Operating mar) Tj ET Q q 0 0 0 rg BT 120.85 668.25 Td (gin, which is presented in the following table, is an important measure used by management to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.25 Td (evaluate the economic performance of our core operations. Operating mar) Tj ET Q q 0 0 0 rg BT 358.80 656.25 Td (gin is not a generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.25 Td (principles \(GAAP\) measure, but the components of operating mar) Tj ET Q q 0 0 0 rg BT 335.79 644.25 Td (gin are computed using amounts that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.25 Td (determined in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 214.62 632.25 Td (. ) Tj ET Q q 0 0 0 rg BT 221.56 632.25 Td (A) Tj ET Q q 0 0 0 rg BT 228.23 632.25 Td ( reconciliation of operating mar) Tj ET Q q 0 0 0 rg BT 354.67 632.25 Td (gin to operating profit, which is its nearest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.25 Td (comparable GAAP) Tj ET Q q 0 0 0 rg BT 139.00 620.25 Td ( financial measure, is included in the following table. Operating profit includes expense items, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.25 Td (such as depreciation and amortization expense and general and administrative \(G&A\) expense, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.25 Td (management does not focus on when evaluating the core profitability of our separate operating segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 112.90 584.25 Td (, product mar) Tj ET Q q 0 0 0 rg BT 166.32 584.25 Td (gin, which management primarily uses to evaluate the profitability of our commodity-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.25 Td (related activities, is provided in this table. Product mar) Tj ET Q q 0 0 0 rg BT 281.65 572.25 Td (gin is a non-GAAP) Tj ET Q q 0 0 0 rg BT 358.22 572.25 Td ( measure; however) Tj ET Q q 0 0 0 rg BT 433.35 572.25 Td (, its components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 560.25 Td (product sales revenue and cost of product sales are determined in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 419.82 560.25 Td (. Our butane blending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 548.25 Td (fractionation and other commodity-related activities generate significant revenue. ) Tj ET Q q 0 0 0 rg BT 393.80 548.25 Td (W) Tj ET Q q 0 0 0 rg BT 402.43 548.25 Td (e believe the product mar) Tj ET Q q 0 0 0 rg BT 503.87 548.25 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 536.25 Td (from these activities, which takes into account the related cost of product sales, better represents its importance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.25 Td (our results of operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 514.65 Td ( ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 693.50 Td (Three Months Ended March 31, 2016 compared to Three Months Ended March 31, 2017) Tj ET Q 1 1 1 rg /GS0 gs 63.50 185.00 245.00 -21.00 re f /GS0 gs 1 1 1 rg /GS0 gs 63.50 151.00 245.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 63.50 138.00 245.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 63.50 114.00 245.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 662 m 354.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 662 m 358.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 662 m 404.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 662 m 458.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 662 m 462.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 662 m 512.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 662 m 354.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 651 m 354.5 651 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 662 m 404.5 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 651 m 404.5 651 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 651 m 458.5 651 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 651 m 512.5 651 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 584 m 354.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 584 m 404.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 584 m 458.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 507 m 354.5 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 507 m 404.5 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 507 m 458.5 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 463 m 354.5 463 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 463 m 404.5 463 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 463 m 458.5 463 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 463 m 458.5 463 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 439 m 354.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 439 m 404.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 439 m 458.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 406 m 354.5 406 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 406 m 404.5 406 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 406 m 458.5 406 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 406 m 458.5 406 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 362 m 354.5 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 362 m 404.5 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 362 m 458.5 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 340 m 354.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 340 m 404.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 340 m 458.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 330 m 354.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 328 m 354.5 328 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 330 m 404.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 328 m 404.5 328 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 340 m 458.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 330 m 458.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 328 m 458.5 328 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 240 m 354.5 240 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 230 m 354.5 230 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 228 m 354.5 228 l s 0 0 0 RG /GS0 gs 1.00 w 0 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(FinancialHighlights\($inmillions,exceptoperatingstatistics\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 631.95 Td (Transportation and terminals revenue:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 620.95 Td (Refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.00 620.95 Td (...................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 620.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 620.95 Td (224.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 620.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 620.95 Td (241.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 620.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 620.95 Td (17.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 620.95 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 609.95 Td (Crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.00 609.95 Td (...............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 609.95 Td (101.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 609.95 Td (105.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 609.95 Td (3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 609.95 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 598.95 Td (Marine storage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.00 598.95 Td (......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 598.95 Td (43.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 598.95 Td (46.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 598.95 Td (2.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 598.95 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 587.95 Td (Intersegment eliminations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 587.95 Td (....................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 587.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 587.95 Td (\(0.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 587.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 587.95 Td (\(0.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 587.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 587.95 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 575.95 Td (Total transportation and terminals revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 575.95 Td (.................................) 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 564.95 Td (3.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 564.95 Td (3.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 564.95 Td (0.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 564.95 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 553.95 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 542.95 Td (Refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.00 542.95 Td (...................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 542.95 Td (85.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 542.95 Td (93.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 542.95 Td (\(7.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 542.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 542.95 Td (\(9\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 531.95 Td (Crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.00 531.95 Td (...............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 531.95 Td (21.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 531.95 Td (27.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 531.95 Td (\(6.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 531.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 531.95 Td (\(30\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 520.95 Td (Marine storage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.00 520.95 Td (......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 520.95 Td (17.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 520.95 Td (12.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 520.95 Td (4.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 520.95 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 509.95 Td (Intersegment eliminations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 509.95 Td (....................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 509.95 Td (\(1.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 509.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 509.95 Td (\(2.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 509.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 509.95 Td (0.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 509.95 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 498.95 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.00 498.95 Td (.............................................................) 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 476.95 Td (146.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 476.95 Td (245.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 476.95 Td (99.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 476.95 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 465.95 Td (Cost of product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 465.95 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 465.95 Td (113.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 465.95 Td (172.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 465.95 Td (\(59.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 465.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 465.95 Td (\(52\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 454.95 Td (Product margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 454.95 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 454.25 Td (32.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 454.25 Td (72.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 454.25 Td (39.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 454.25 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 441.95 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 179.00 441.95 Td (...............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 441.95 Td (17.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 441.95 Td (21.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 441.95 Td (3.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 441.95 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 430.95 Td (Operating margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.00 430.95 Td (.........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 430.95 Td (300.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 430.95 Td (359.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 430.95 Td (58.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 430.95 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 419.95 Td (Depreciation and amortization expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.00 419.95 Td (........................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 419.95 Td (43.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 419.95 Td (47.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 419.95 Td (\(3.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 419.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 419.95 Td (\(8\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 408.95 Td (G&A expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.00 408.95 Td (................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 408.95 Td (40.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 408.95 Td (40.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 408.95 Td (0.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 408.95 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 397.95 Td (Operating profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.00 397.95 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 397.95 Td (216.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 397.95 Td (271.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 397.95 Td (55.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 397.95 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 386.95 Td (Interestexpense\(netofinterestincomeandinterest capitalized\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 386.95 Td (.................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 386.95 Td (37.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 386.95 Td (46.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 386.95 Td (\(9.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 386.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 386.95 Td (\(26\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 375.95 Td (Gain on exchange of interest in non-controlled entity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.60 375.95 Td (\(26.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 375.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 375.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 375.95 Td (\(26.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 375.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 375.95 Td (\(100\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 364.95 Td (Other expense \(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.00 364.95 Td (.................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 364.95 Td (\(1.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 364.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 364.95 Td (1.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 364.95 Td (\(3.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 364.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 364.95 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 353.95 Td (Income before provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 353.95 Td (....................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 353.95 Td (208.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 353.95 Td (223.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 353.95 Td (15.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 353.95 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 342.95 Td (Provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 342.95 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 342.95 Td (0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 342.95 Td (0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 342.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 342.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 331.95 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.00 331.95 Td (....................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 331.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 331.95 Td (207.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 331.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 331.95 Td (222.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 331.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 331.95 Td (15.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 331.95 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 321.08 Td (Operating Statistics:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 308.95 Td (Refined products:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 297.95 Td (Transportation revenue per barrel shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 297.95 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 297.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 297.95 Td (1.416) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 297.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 297.95 Td (1.461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 286.95 Td (Volume shipped \(million barrels\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 275.95 Td (Gasoline) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.00 275.95 Td (.......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 275.95 Td (61.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 275.95 Td (66.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 264.95 Td (Distillates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 264.95 Td (.....................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 264.95 Td (36.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 264.95 Td (37.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 253.95 Td (Aviation fuel) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.00 253.95 Td (................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 253.95 Td (5.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 253.95 Td (5.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 242.95 Td (Liquefied petroleum gases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 242.95 Td (...........................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 242.95 Td (1.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 242.95 Td (1.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.00 231.95 Td (Total volume shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.00 231.95 Td (...................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 231.95 Td (104.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 231.95 Td (111.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 220.95 Td (Crude oil:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 209.95 Td (Magellan 100%-owned assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 198.95 Td (Transportation revenue per barrel shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 198.95 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 198.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 198.95 Td (1.447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 198.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 198.95 Td (1.543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 187.95 Td (Volume shipped \(million barrels\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.00 187.95 Td (................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 187.95 Td (43.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 187.95 Td (41.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 176.95 Td (Crude oil terminal average utilization \(million barrels per) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 168.95 Td (month\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.00 168.95 Td (.........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 168.25 Td (14.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 168.25 Td (16.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 155.25 Td (Select joint venture pipelines:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 142.25 Td (BridgeT) Tj ET Q q 0 0 0 rg BT 128.10 142.25 Td (ex - volume shipped \(million barrels\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 247.41 145.88 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 141.95 Td (.........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 142.25 Td (18.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 142.25 Td (18.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 129.25 Td (Saddlehorn - volume shipped \(million barrels\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 250.19 132.88 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.00 128.95 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 129.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 129.25 Td (4.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 116.95 Td (Marine storage:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 105.95 Td (Marine terminal average utilization \(million barrels per month\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.00 105.95 Td (.........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 105.95 Td (23.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 105.95 Td (24.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 63.00 85.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.54 85.50 Td (These volumes reflect the total shipments for the BridgeT) Tj ET Q q 0 0 0 rg BT 235.78 85.50 Td (ex pipeline, which is owned 50% by us.) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 63.00 77.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.54 77.10 Td (These volumes reflect the total shipments for the Saddlehorn pipeline, which began operations in September 2016 and is owned 40% by us.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 693.50 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 693.50 Td (ransportation and terminals revenue increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.07 693.50 Td ($22.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.57 693.50 Td ( million resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 675.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 675.50 Td (an increase in refined products revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.20 675.50 Td ($17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.70 675.50 Td ( million. Shipments increased in the current period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 663.50 Td (primarily due to volumes from recent growth projects, including our Little Rock pipeline extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 651.50 Td (which commenced commercial operations in July 2016, and stronger demand for refined products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 639.50 Td (The average rate per barrel in the current period was favorably impacted by the mid-year 2016 tarif) Tj ET Q q 0 0 0 rg BT 513.86 639.50 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 627.50 Td (adjustment, which was an approximate 2% average increase. ) Tj ET Q q 0 0 0 rg BT 364.41 627.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 414.31 627.50 Td (, revenue from storage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 615.50 Td (other ancillary services along our pipeline system increased due to increased customer activity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 597.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 597.50 Td (an increase in crude oil revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 597.50 Td ($3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.71 597.50 Td ( million primarily due to new storage contracts and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 585.50 Td (transportation revenue, as lower shipments mainly on our Houston distribution system were more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 573.50 Td (of) Tj ET Q q 0 0 0 rg BT 125.15 573.50 Td (fset by higher average rates primarily resulting from deficiency revenue for volume committed but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 561.50 Td (not moved; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 543.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 543.50 Td (an increase in marine storage revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.09 543.50 Td ($2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.59 543.50 Td ( million primarily due to higher ancillary fees reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 531.50 Td (increased customer activities at our marine facilities and in part due to newly constructed tankage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 510.50 Td (Operating expenses increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.84 510.50 Td ($8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.34 510.50 Td ( million primarily resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 492.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 492.50 Td (an increase in refined products expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 492.50 Td ($7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 492.50 Td ( million primarily due to higher asset integrity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 480.50 Td (spending related to the timing of maintenance work, rental costs for a pipeline segment we began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 468.50 Td (leasing in third quarter 2016 in connection with our Little Rock pipeline and higher asset retirements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 456.50 Td (partially of) Tj ET Q q 0 0 0 rg BT 160.97 456.50 Td (fset by more favorable product overages \(which reduce operating expenses\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 438.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 438.50 Td (an increase in crude oil expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.66 438.50 Td ($6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.16 438.50 Td ( million primarily due to less favorable product overages and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 426.50 Td (higher asset integrity spending; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 408.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 408.50 Td (a decrease in marine storage expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.20 408.50 Td ($4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 408.50 Td ( million primarily due to favorable product overages and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 396.50 Td (lower asset integrity spending due to timing of maintenance work.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 375.50 Td (Product sales revenue resulted primarily from our butane blending activities, transmix fractionation and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 363.50 Td (sale of product gains from our operations. ) Tj ET Q q 0 0 0 rg BT 232.78 363.50 Td (W) Tj ET Q q 0 0 0 rg BT 241.41 363.50 Td (e utilize futures contracts to hedge against changes in the price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 351.50 Td (petroleum products we expect to sell in future periods, as well as to hedge against changes in the price of butane we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 339.50 Td (expect to purchase. See Note 8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.79 339.50 Td (Derivative Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.09 339.50 Td ( in Item 1 of Part I for a discussion of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 327.50 Td (hedging strategies and how our use of futures contracts impacts our product mar) Tj ET Q q 0 0 0 rg BT 383.84 327.50 Td (gin. Product mar) Tj ET Q q 0 0 0 rg BT 453.09 327.50 Td (gin increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 315.50 Td ($39.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 315.50 Td ( million primarily due to higher recognition of gains on futures contracts in the current period. See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.01 315.50 Td (Other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 303.50 Td (ItemsCommodity Derivative ) Tj ET Q q 0 0 0 rg BT 186.68 303.50 Td (Agr) Tj ET Q q 0 0 0 rg BT 201.31 303.50 Td (eementsImpact of Commodity Derivatives on Results of Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.82 303.50 Td (below for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 291.50 Td (more information about our futures contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 270.50 Td (Earnings of non-controlled entities increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 270.50 Td ($3.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.38 270.50 Td ( million primarily attributable to increased earnings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 258.50 Td (Saddlehorn Pipeline Company) Tj ET Q q 0 0 0 rg BT 184.56 258.50 Td (, LLC \(Saddlehorn\), which began operating during third quarter 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 237.50 Td (Depreciation and amortization increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.37 237.50 Td ($3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.87 237.50 Td ( million primarily due to commencement of depreciation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 225.50 Td (expansion capital projects recently placed into service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 204.50 Td (Interest expense, net of interest income and interest capitalized, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.54 204.50 Td ($9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.04 204.50 Td ( million in first quarter 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 192.50 Td (primarily due to higher outstanding debt and lower capitalized interest in the current period. Our average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 180.50 Td (outstanding debt increased from $3.7 billion in first quarter 2016 to $4.2 billion in first quarter 2017 primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 168.50 Td (borrowings for expansion capital expenditures. In addition, our weighted-average interest rate of 4.8% in first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 156.50 Td (quarter 2017 was higher than the 4.6% rate incurred in first quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 135.50 Td (In first quarter 2016, we recognized a $26.9 million non-cash gain related to the transfer of our 50% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 123.50 Td (membership interest in Osage Pipe Line Company) Tj ET Q q 0 0 0 rg BT 263.98 123.50 Td (, LLC \(Osage\). See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.77 123.50 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 492.72 123.50 Td (olled ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 111.50 Td (Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.55 111.50 Td ( of the consolidated financial statements included in Item 1 of this report for more details regarding this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 99.50 Td (transaction.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 704.10 Td (Other expense \(income\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.62 704.10 Td ($3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.12 704.10 Td ( million unfavorable due to higher costs related to pension settlements in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 692.10 Td (current period and a less favorable non-cash adjustment in the current period for the change in the dif) Tj ET Q q 0 0 0 rg BT 467.95 692.10 Td (ferential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 680.10 Td (between the current spot price and forward price on fair value hedges associated with our crude oil tank bottoms. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 657.30 Td () Tj ET Q 1 1 1 rg /GS0 gs 63.50 646.80 245.00 -11.00 re f /GS0 gs BT /F1 10.00 Tf ET endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 692.10 Td (Distributable Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 668.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 668.10 Td (e calculate the non-GAAP) Tj ET Q q 0 0 0 rg BT 200.51 668.10 Td ( measures of distributable cash flow \(DCF\) and adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 473.49 668.10 Td ( in the table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.10 Td (below) Tj ET Q q 0 0 0 rg BT 86.79 656.10 Td (. Management uses DCF as a basis for recommending to our general partner) Tj ET Q q 0 0 0 rg BT 394.29 656.10 Td () Tj ET Q q 0 0 0 rg BT 397.07 656.10 Td (s board of directors the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.10 Td (of cash distributions to be paid to our limited partners each period. Management also uses DCF as a basis for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (determining the payouts for the performance-based awards issued under our equity-based compensation plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 137.72 620.10 Td ( is an important measure that we and the investment community use to assess the financial results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.10 Td (of an entity) Tj ET Q q 0 0 0 rg BT 107.89 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.21 608.10 Td (W) Tj ET Q q 0 0 0 rg BT 123.85 608.10 Td (e believe that investors benefit from having access to the same financial measures utilized by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.10 Td (management for these evaluations. ) Tj ET Q q 0 0 0 rg BT 206.29 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 212.96 596.10 Td ( reconciliation of DCF and adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 394.59 596.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.96 596.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 596.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.10 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.60 584.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.04 584.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.04 584.10 Td ( to net income, which is its nearest comparable GAAP) Tj ET Q q 0 0 0 rg BT 382.83 584.10 Td ( financial measure, follows \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.10 Td (millions\): ) Tj ET Q 1 1 1 rg /GS0 gs 86.50 457.60 284.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 86.50 442.60 284.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 86.50 332.60 284.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 86.50 307.60 284.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 532.6 m 422.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 532.6 m 426.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 532.6 m 474.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 532.6 m 422.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 517.6 m 422.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 532.6 m 474.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 517.6 m 474.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 517.6 m 530.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 517.6 m 422.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 517.6 m 474.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 347.6 m 422.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 347.6 m 474.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 347.6 m 530.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 292.6 m 422.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 292.6 m 474.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 292.6 m 530.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 292.6 m 474.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 292.6 m 530.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 247.60000000000002 m 422.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 247.60000000000002 m 422.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 233.60000000000002 m 422.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 231.60000000000002 m 422.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 247.60000000000002 m 474.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 233.60000000000002 m 474.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 231.60000000000002 m 474.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 247.60000000000002 m 530.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 233.60000000000002 m 530.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 231.60000000000002 m 530.5 231.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.50 547.28 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 537.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 532.28 Td (Increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.60 522.28 Td (\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 522.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 522.28 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 507.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 507.17 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 507.27 Td (207.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 507.27 Td (222.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 507.27 Td (15.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 492.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 492.17 Td (............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 492.27 Td (37.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 492.27 Td (46.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 492.27 Td (9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 477.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 477.17 Td (............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 477.27 Td (43.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 477.27 Td (47.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 477.27 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 462.27 Td (Equity-based incentive compensation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 244.96 466.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 462.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 462.32 Td (\(7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 462.32 Td (\(9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 462.32 Td (\(2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 447.27 Td (Loss on sale and retirement of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 447.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 447.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 447.27 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 447.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 432.27 Td (Gain on exchange of interest in non-controlled entity) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.88 436.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 432.17 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 432.32 Td (\(26.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 432.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 432.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 432.27 Td (26.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 417.27 Td (Commodity-related adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 402.27 Td (Derivative \(gains\) losses recognized in the period associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 392.27 Td (future product transactions) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 217.19 396.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 392.17 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 392.32 Td (\(8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 392.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 392.32 Td (\(6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 392.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 392.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 377.27 Td (Derivative gains \(losses\) recognized in previous periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 367.27 Td (associated with product sales completed in the period) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 323.55 371.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 367.17 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 367.27 Td (21.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 367.32 Td (\(20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 367.32 Td (\(41.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 352.27 Td (Lower) Tj ET Q q 0 0 0 rg BT 126.90 352.27 Td (-of-cost-or) Tj ET Q q 0 0 0 rg BT 169.46 352.27 Td (-market adjustments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 250.82 356.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 352.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 352.32 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 352.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 352.27 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 352.27 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.00 337.27 Td (Total commodity-related adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 337.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 337.27 Td (12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 337.32 Td (\(23.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 337.32 Td (\(35.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 322.27 Td (Cash distributions received from non-controlled entities in excess of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 312.27 Td (\(less than\) earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 312.17 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 312.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 312.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 312.32 Td (\(2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 312.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 297.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.27 301.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.50 297.17 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 297.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 297.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 282.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.50 282.17 Td (.................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 282.27 Td (270.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 282.27 Td (288.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 282.27 Td (18.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 267.27 Td (Interest expense, net, excluding debt issuance cost amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 267.17 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 267.32 Td (\(36.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 267.32 Td (\(45.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 267.32 Td (\(9.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 252.27 Td (Maintenance capital) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 175.79 256.80 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 252.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 252.32 Td (\(28.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 252.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 252.32 Td (\(14.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 252.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 252.27 Td (13.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 237.27 Td (DCF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 237.17 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 237.27 Td (205.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 237.27 Td (227.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 237.27 Td (22.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 214.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 99.00 214.50 Td (Because we intend to satisfy vesting of unit awards under our equity-based incentive compensation plan with the issuance of limited ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 204.90 Td (partner units, expenses related to this plan generally are deemed non-cash and added back for DCF purposes. ) Tj ET Q q 0 0 0 rg BT 451.63 204.90 Td (T) Tj ET Q q 0 0 0 rg BT 455.96 204.90 Td (otal equity-based ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 195.30 Td (incentive compensation expense for the three months ended March 31, 2016 and 2017 was $6.7 million and $4.2 million, respectively) Tj ET Q q 0 0 0 rg BT 527.05 195.30 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 185.70 Td (However) Tj ET Q q 0 0 0 rg BT 128.00 185.70 Td (, the figures above include adjustments of $14.4 million and $13.9 million, respectively) Tj ET Q q 0 0 0 rg BT 407.43 185.70 Td (, for cash payments associated with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 176.10 Td (our equity-based incentive compensation plan, which primarily include tax withholdings. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 161.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 99.00 161.50 Td (In February 2016, we transferred our 50% membership interest in Osage to an af) Tj ET Q q 0 0 0 rg BT 357.00 161.50 Td (filiate of HollyFrontier Corporation \(HFC\). In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 151.90 Td (conjunction with this transaction, we entered into several commercial agreements with af) Tj ET Q q 0 0 0 rg BT 384.09 151.90 Td (filiates of HFC, which were recorded as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 142.30 Td (intangible assets and other receivables on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 340.55 142.30 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 142.30 Td (e recorded a $26.9 million non-cash gain in relation to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 132.70 Td (this transaction.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 118.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 99.00 118.10 Td (In conjunction with the February 2016 Osage transaction, HFC agreed to make certain payments to us until HFC completes a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 108.50 Td (connection to our El Paso terminal. ) Tj ET Q q 0 0 0 rg BT 215.72 108.50 Td (These payments replace distributions we would have received had the Osage transaction not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 98.90 Td (occurred and are, therefore, included in our calculation of DCF) Tj ET Q q 0 0 0 rg BT 300.28 98.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 84.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 99.00 84.30 Td (Certain derivatives we use as economic hedges have not been designated as hedges for accounting purposes and the mark-to-market ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 74.70 Td (changes of these derivatives are recognized currently in earnings. In addition, we have designated certain derivatives we use to hedge ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 65.10 Td (our crude oil tank bottoms as fair value hedges and the change in the dif) Tj ET Q q 0 0 0 rg BT 329.45 65.10 Td (ferential between the current spot price and forward price on ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 705.50 Td (these hedges is recognized currently in earnings. ) Tj ET Q q 0 0 0 rg BT 256.13 705.50 Td (W) Tj ET Q q 0 0 0 rg BT 263.04 705.50 Td (e exclude the net impact of both of these adjustments from our determination of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 695.90 Td (DCF until the hedged products are physically sold. In the period in which these hedged products are physically sold, the net impact of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 686.30 Td (the associated hedges is included in our determination of DCF) Tj ET Q q 0 0 0 rg BT 297.65 686.30 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 671.70 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 99.00 671.70 Td (W) Tj ET Q q 0 0 0 rg BT 105.91 671.70 Td (e add the amount of lower) Tj ET Q q 0 0 0 rg BT 189.50 671.70 Td (-of-cost-or) Tj ET Q q 0 0 0 rg BT 223.55 671.70 Td (-market \(LCM\) adjustments on inventory and firm purchase commitments we recognize in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 662.10 Td (each applicable period to determine DCF as these are non-cash char) Tj ET Q q 0 0 0 rg BT 316.10 662.10 Td (ges against income. In subsequent periods when we physically ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 652.50 Td (sell or purchase the related products, we deduct the LCM adjustments previously recognized to determine DCF) Tj ET Q q 0 0 0 rg BT 454.26 652.50 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 637.90 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 99.00 637.90 Td (Maintenance capital expenditures maintain our existing assets and do not generate incremental DCF \(i.e. incremental returns to our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 628.30 Td (unitholders\). For this reason, we deduct maintenance capital expenditures to determine DCF) Tj ET Q q 0 0 0 rg BT 395.61 628.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 592.30 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 212.68 592.30 Td (ces) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 568.30 Td (Cash Flows and Capital Expenditur) Tj ET Q q 0 0 0 rg BT 231.08 568.30 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 544.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.80 544.30 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.07 544.30 Td ( Operating cash flows consist of net income adjusted for certain non-cash items and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 532.30 Td (changes in certain assets and liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 515.30 Td (Net cash provided by operating activities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.67 515.30 Td ($209.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.56 515.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 515.30 Td ($265.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.89 515.30 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.27 515.30 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 503.30 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.10 503.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.60 503.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.60 503.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.04 503.30 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.04 503.30 Td (, respectively) Tj ET Q q 0 0 0 rg BT 218.70 503.30 Td (. ) Tj ET Q q 0 0 0 rg BT 223.52 503.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.56 503.30 Td ($55.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.46 503.30 Td ( increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 503.30 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.49 503.30 Td ( was due to adjustments for non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.30 Td (items, higher net income as previously described and changes in our working capital.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 470.30 Td (Investing ) Tj ET Q q 0 0 0 rg BT 127.47 470.30 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.74 470.30 Td ( Investing cash flows consist primarily of capital expenditures and investments in non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 458.30 Td (controlled entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 437.30 Td (Net cash used by investing activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.18 437.30 Td (three months ended March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.09 437.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.59 437.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.59 437.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.03 437.30 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.03 437.30 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.58 437.30 Td ($199.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.47 437.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 425.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.94 425.30 Td ($181.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.83 425.30 Td (, respectively) Tj ET Q q 0 0 0 rg BT 191.49 425.30 Td (. During 2017, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.30 425.30 Td ($142.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.19 425.30 Td ( for capital expenditures, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 413.30 Td ($14.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.89 413.30 Td ( for maintenance capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.67 413.30 Td ($127.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.56 413.30 Td ( for expansion capital. ) Tj ET Q q 0 0 0 rg BT 382.37 413.30 Td (Also during the 2017 period, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 401.30 Td (contributed capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.02 401.30 Td ($44.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.91 401.30 Td ( in conjunction with our joint venture capital projects, which we account for as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 389.30 Td (investments in non-controlled entities. During 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.61 389.30 Td ($139.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 389.30 Td ( for capital expenditures, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 377.30 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.93 377.30 Td ($28.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.83 377.30 Td ( for maintenance capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 377.30 Td ($1) Tj ET Q q 0 0 0 rg BT 279.23 377.30 Td (1) Tj ET Q q 0 0 0 rg BT 283.86 377.30 Td (1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.75 377.30 Td ( for expansion capital. ) Tj ET Q q 0 0 0 rg BT 418.56 377.30 Td (Also during the 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 365.30 Td (period, we contributed capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.73 365.30 Td ($61.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.62 365.30 Td ( in conjunction with our joint venture capital projects. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 344.30 Td (Financing ) Tj ET Q q 0 0 0 rg BT 132.48 344.30 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.75 344.30 Td ( Financing cash flows consist primarily of distributions to our unitholders and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 332.30 Td (borrowings and repayments under long-term notes and our commercial paper program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 311.30 Td (Net cash provided by financing activities for the three months ended March 31, 2016 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.45 311.30 Td ($170.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.35 311.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 299.30 Td (net cash used by financing activities for the three months ended March 31, 2017 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.02 299.30 Td ($91.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.91 299.30 Td (. During 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 287.30 Td (have paid cash distributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.70 287.30 Td ($195.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.59 287.30 Td ( to our unitholders. ) Tj ET Q q 0 0 0 rg BT 324.64 287.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 374.54 287.30 Td (, net commercial paper borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 275.30 Td (during the 2017 period were $1) Tj ET Q q 0 0 0 rg BT 188.43 275.30 Td (17.0 million. ) Tj ET Q q 0 0 0 rg BT 241.77 275.30 Td (Also, in January 2017, the cumulative amounts of the January 2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 263.30 Td (equity-based incentive compensation awards were settled by issuing 216,679 limited partner units and distributing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.30 Td (those units to the long-term incentive plan \(L) Tj ET Q q 0 0 0 rg BT 247.31 251.30 Td (TIP\) participants, resulting in payments primarily associated with tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 239.30 Td (withholdings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.56 239.30 Td ($13.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.45 239.30 Td (. During 2016, we paid cash distributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.76 239.30 Td ($178.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 239.30 Td ( to our unitholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 227.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 112.90 227.30 Td (, we received net proceeds of $649.2 million from borrowings under long-term notes, which were used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 215.30 Td (in part to repay borrowings outstanding under our commercial paper program and for general partnership purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 203.30 Td (including expansion capital. ) Tj ET Q q 0 0 0 rg BT 177.42 203.30 Td (Also, in February 2016, the cumulative amounts of the January 2013 equity-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 191.30 Td (incentive compensation awards were settled by issuing 350,552 limited partner units and distributing those units to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 179.30 Td (the L) Tj ET Q q 0 0 0 rg BT 82.91 179.30 Td (TIP) Tj ET Q q 0 0 0 rg BT 97.54 179.30 Td ( participants, resulting in payments of associated tax withholdings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.98 179.30 Td ($14.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.87 179.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 158.30 Td (The quarterly distribution amount related to our first quarter 2017 financial results \(to be paid in second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 146.30 Td (quarter 2017\) is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.82 146.30 Td ($0.8725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.32 146.30 Td ( per unit. If we are able to meet management) Tj ET Q q 0 0 0 rg BT 345.40 146.30 Td (s tar) Tj ET Q q 0 0 0 rg BT 362.16 146.30 Td (geted distribution growth of 8% for 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 134.30 Td (and the number of outstanding limited partner units remains at 228.0million, total cash distributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 122.30 Td (approximately $818 million will be paid to our unitholders related to 2017 earnings. Management believes we will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 110.30 Td (have suf) Tj ET Q q 0 0 0 rg BT 96.42 110.30 Td (ficient DCF to fund these distributions.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 704.10 Td (Capital Requir) Tj ET Q q 0 0 0 rg BT 146.35 704.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 680.10 Td (Our businesses require continual investments to maintain, upgrade or enhance existing operations and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.10 Td (ensure compliance with safety and environmental regulations. Capital spending consists primarily of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 650.10 Td (Maintenance capital expenditures. ) Tj ET Q q 0 0 0 rg BT 258.70 650.10 Td (These expenditures include costs required to maintain equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td (reliability and safety and to address environmental or other regulatory requirements rather than to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 626.10 Td (generate incremental DCF; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 608.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 608.10 Td (Expansion capital expenditures. ) Tj ET Q q 0 0 0 rg BT 249.28 608.10 Td (These expenditures are undertaken primarily to generate incremental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.10 Td (DCF and include costs to acquire additional assets to grow our business and to expand or upgrade our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.10 Td (existing facilities, which we refer to as or) Tj ET Q q 0 0 0 rg BT 282.32 584.10 Td (ganic growth projects. Or) Tj ET Q q 0 0 0 rg BT 386.83 584.10 Td (ganic growth projects include, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 572.10 Td (example, capital expenditures that increase storage or throughput volumes or develop pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 560.10 Td (connections to new supply sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 536.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.61 536.10 Td (three months ended March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.52 536.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.02 536.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.02 536.10 Td (, our maintenance capital spending was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.69 536.10 Td ($14.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.58 536.10 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.97 536.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.97 536.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.10 Td (we expect to spend approximately $90 million on maintenance capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.10 Td (During the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.66 500.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.64 500.10 Td ( months of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.92 500.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.92 500.10 Td (, we spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.69 500.10 Td ($127.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.58 500.10 Td ( for or) Tj ET Q q 0 0 0 rg BT 361.39 500.10 Td (ganic growth capital and contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 488.10 Td ($44.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.89 488.10 Td ( for capital projects in conjunction with our joint ventures. Based on the progress of expansion projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 476.10 Td (already underway) Tj ET Q q 0 0 0 rg BT 133.70 476.10 Td (, we expect to spend approximately $600 million for expansion capital during 2017, with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 464.10 Td (additional $350 million in 2018 to complete our current projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 440.10 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 416.10 Td (Cash generated from operations is our primary source of liquidity for funding debt service, maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 404.10 Td (capital expenditures and quarterly distributions to our unitholders. ) Tj ET Q q 0 0 0 rg BT 329.33 404.10 Td (Additional liquidity for purposes other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 392.10 Td (quarterly distributions, such as expansion capital expenditures and debt repayments, is available through borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 380.10 Td (under our commercial paper program and revolving credit facilities, as well as from other borrowings or issuances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 368.10 Td (of debt or limited partner units \(see Note 7 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 243.51 368.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.95 368.10 Td ( of the consolidated financial statements included in Item 1 of Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 356.10 Td (I of this report for detail of our borrowings and debt outstanding at December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.13 356.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.73 356.10 Td (\). If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 344.10 Td (capital markets do not permit us to issue additional debt and equity securities, our business may be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 332.10 Td (af) Tj ET Q q 0 0 0 rg BT 70.59 332.10 Td (fected, and we may not be able to acquire additional assets and businesses, fund or) Tj ET Q q 0 0 0 rg BT 400.86 332.10 Td (ganic growth projects or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 320.10 Td (continue paying cash distributions at the current level. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 284.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 166.43 284.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 260.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 224.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 111.27 224.10 Td (onmental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 200.10 Td (Our operations are subject to federal, state and local environmental laws and regulations. ) Tj ET Q q 0 0 0 rg BT 444.75 200.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.39 200.10 Td (e have accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 188.10 Td (liabilities for estimated costs at our facilities and properties. ) Tj ET Q q 0 0 0 rg BT 304.42 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 313.05 188.10 Td (e record liabilities when environmental costs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 176.10 Td (probable and can be reasonably estimated. ) Tj ET Q q 0 0 0 rg BT 234.69 176.10 Td (The determination of amounts recorded for environmental liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 164.10 Td (involves significant judgments and assumptions by management.Due to the inherent uncertainties involved in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 152.10 Td (determining environmental liabilities, it is reasonably possible that the actual amounts required to extinguish these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 140.10 Td (liabilities could be materially dif) Tj ET Q q 0 0 0 rg BT 193.34 140.10 Td (ferent from those we have recognized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 104.10 Td (Other) Tj ET Q q 0 0 0 rg BT 110.87 104.10 Td ( Items) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 80.10 Td (Commodity Derivative ) Tj ET Q q 0 0 0 rg BT 179.55 80.10 Td (Agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.44 80.10 Td (. Certain of the business activities in which we engage result in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 68.10 Td (owning various commodities, which exposes us to commodity price risk. ) Tj ET Q q 0 0 0 rg BT 357.22 68.10 Td (W) Tj ET Q q 0 0 0 rg BT 365.86 68.10 Td (e use forward physical commodity ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 704.10 Td (contracts and exchange-based futures contracts to help manage this commodity price risk. ) Tj ET Q q 0 0 0 rg BT 424.64 704.10 Td (W) Tj ET Q q 0 0 0 rg BT 433.28 704.10 Td (e use forward physical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 692.10 Td (contracts to purchase butane and sell refined products. ) Tj ET Q q 0 0 0 rg BT 282.46 692.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.10 692.10 Td (e account for these forward physical contracts as normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 680.10 Td (purchase and sale contracts, using traditional accrual accounting. ) Tj ET Q q 0 0 0 rg BT 327.44 680.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.08 680.10 Td (e use futures contracts to hedge against changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.10 Td (in prices of refined products and crude oil that we expect to sell and of butane that we expect to purchase in future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 97.26 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 105.90 656.10 Td (e use and account for those futures contracts that qualify for hedge accounting treatment as either cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.10 Td (flow or fair value hedges, and we use and account for those futures contracts that do not qualify for hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (accounting treatment as economic hedges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 608.10 Td (As of and for the three months ended March 31, 2017, our open derivative contracts and the impact of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.10 Td (derivatives we settled during the period were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 572.10 Td (Futures contracts to hedge against future price changes of certain crude oil tank bottoms, which we account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 560.10 Td (for as fair value hedges. ) Tj ET Q q 0 0 0 rg BT 197.11 560.10 Td (The cumulative amount of gains from these agreements was recorded as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 548.10 Td (adjustment to the asset being hedged, and there has been no inef) Tj ET Q q 0 0 0 rg BT 355.41 548.10 Td (fectiveness recognized for these hedges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 536.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 536.10 Td (e exclude the dif) Tj ET Q q 0 0 0 rg BT 173.81 536.10 Td (ferential between the current spot price and forward price from our assessment of hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 524.10 Td (ef) Tj ET Q q 0 0 0 rg BT 106.59 524.10 Td (fectiveness for these fair value hedges, and we recognize the net change in this excluded amount as other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 512.10 Td (income on our consolidated statements of income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 488.10 Td (Futures contracts used to hedge sales and purchases of refined products, crude oil and butane related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 476.10 Td (tender deductions, product overages, butane blending, fractionation and certain crude oil inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 464.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 142.42 464.10 Td (These contracts were accounted for as economic hedges, with the change in fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 452.10 Td (contracts that hedge future sales recorded to product sales, and the change in fair value of contracts that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 440.10 Td (hedge future purchases recorded to cost of product sales. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.10 Td (For further information regarding the quantities of refined products and crude oil hedged at March 31, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 404.10 Td (and the fair value of open hedge contracts at that date, please see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.55 404.10 Td (Item 3. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 510.82 404.10 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 392.10 Td (about Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.87 392.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.10 Td (The following tables provide a summary of the impacts of the mark-to-market gains and losses associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 356.10 Td (these futures contracts on our results of operations for the respective periods presented \(in millions\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 356.10 Td () Tj ET Q 1 1 1 rg /GS0 gs 87.50 276.60 158.00 -29.00 re f /GS0 gs 1 1 1 rg /GS0 gs 87.50 247.60 158.00 -21.00 re f /GS0 gs 1 1 1 rg /GS0 gs 87.50 226.60 158.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 306.6 m 290.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 306.6 m 294.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 306.6 m 339.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 306.6 m 343.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 306.6 m 388.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 306.6 m 392.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 306.6 m 437.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 306.6 m 441.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 306.6 m 486.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 276.6 m 290.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 276.6 m 339.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 276.6 m 388.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 276.6 m 437.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 276.6 m 486.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 226.60000000000002 m 290.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 212.60000000000002 m 290.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 210.60000000000002 m 290.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 226.60000000000002 m 339.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 212.60000000000002 m 339.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 210.60000000000002 m 339.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 226.60000000000002 m 388.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 212.60000000000002 m 388.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 210.60000000000002 m 388.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 226.60000000000002 m 437.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 212.60000000000002 m 437.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 210.60000000000002 m 437.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 226.60000000000002 m 486.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 212.60000000000002 m 486.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 210.60000000000002 m 486.5 210.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.60 310.83 Td (Three Months Ended March 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 296.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.80 288.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.80 280.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.35 296.83 Td (Cost of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 288.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 280.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.90 288.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.25 280.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.35 288.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.80 280.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 296.83 Td (Net Impact) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 288.83 Td (on Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 280.83 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 259.85 Td (Gains recorded on open futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 251.85 Td (during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 146.00 251.55 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 252.27 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 252.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 252.27 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 252.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 252.27 Td (5.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 238.85 Td (Gains \(losses\) recognized on settled futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 230.85 Td (contracts during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 230.55 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 231.27 Td (13.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 231.27 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 231.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 231.27 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 231.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 231.27 Td (15.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 215.85 Td (Net impact of futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 215.55 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 216.27 Td (16.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 216.27 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 216.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 216.27 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 216.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 216.27 Td (20.5) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 87.50 144.60 158.00 -21.00 re f /GS0 gs 1 1 1 rg /GS0 gs 87.50 123.60 158.00 -21.00 re f /GS0 gs 1 1 1 rg /GS0 gs 87.50 102.60 158.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 174.60000000000002 m 290.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 174.60000000000002 m 294.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 174.60000000000002 m 339.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 174.60000000000002 m 388.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 174.60000000000002 m 392.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 174.60000000000002 m 437.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 174.60000000000002 m 441.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 174.60000000000002 m 486.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 174.60000000000002 m 290.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 144.60000000000002 m 290.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 174.60000000000002 m 339.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 144.60000000000002 m 339.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 144.60000000000002 m 388.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 144.60000000000002 m 437.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 174.60000000000002 m 486.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 144.60000000000002 m 486.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 102.60000000000002 m 290.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 88.60000000000002 m 290.5 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 86.60000000000002 m 290.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 102.60000000000002 m 339.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 88.60000000000002 m 339.5 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 86.60000000000002 m 339.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 102.60000000000002 m 388.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 88.60000000000002 m 388.5 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 86.60000000000002 m 388.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 102.60000000000002 m 437.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 88.60000000000002 m 437.5 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 86.60000000000002 m 437.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 102.60000000000002 m 486.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 88.60000000000002 m 486.5 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 86.60000000000002 m 486.5 86.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.60 178.83 Td (Three Months Ended March 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 164.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.80 156.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.80 148.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.35 164.83 Td (Cost of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 156.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 148.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.90 156.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.25 148.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.35 156.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.80 148.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 164.83 Td (Net Impact) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 156.83 Td (on Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 148.83 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 135.85 Td (Gains \(losses\) recorded on open futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 127.85 Td (contracts during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 127.55 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 128.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 128.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 128.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 128.27 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 128.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 128.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 128.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 128.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 128.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 128.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 128.27 Td (6.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 114.85 Td (Gains recognized on settled futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 106.85 Td (during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 146.00 106.55 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 107.27 Td (23.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 107.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 107.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 107.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 107.27 Td (25.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 91.85 Td (Net impact of futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 91.55 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 92.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 92.27 Td (28.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 92.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 92.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 92.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 92.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 92.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 92.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 92.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 92.27 Td (31.3) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 692.25 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 151.06 692.25 Td (ransactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.35 692.25 Td (See Note 13 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.23 692.25 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 328.00 692.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.67 692.25 Td ( in Item 1 of Part I of this report for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 680.25 Td (detail of our related party transactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 644.25 Td (ITEM 3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 644.25 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 198.93 644.25 Td (A) Tj ET Q q 0 0 0 rg BT 205.41 644.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 231.81 644.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 294.69 644.25 Td (A) Tj ET Q q 0 0 0 rg BT 301.17 644.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 400.65 644.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 436.03 644.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 483.35 644.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 620.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 620.25 Td (e may be exposed to market risk through changes in commodity prices and interest rates and have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.25 Td (established policies to monitor and control these market risks. ) Tj ET Q q 0 0 0 rg BT 312.77 608.25 Td (W) Tj ET Q q 0 0 0 rg BT 321.40 608.25 Td (e use derivative agreements to help manage our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.25 Td (exposure to commodity price and interest rate risks. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 572.25 Td (Commodity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 548.25 Td (Our commodity price risk primarily arises from our butane blending and fractionation activities, and from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 536.25 Td (managing product overages associated with our refined products and crude oil pipelines and certain tank bottoms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 524.25 Td (e use derivatives such as forward physical contracts and exchange-traded futures contracts to help us manage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 512.25 Td (commodity price risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 488.25 Td (Forward physical contracts that qualify for and are elected as normal purchases and sales are accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 476.25 Td (using traditional accrual accounting. ) Tj ET Q q 0 0 0 rg BT 212.95 476.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.39 476.25 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.99 476.25 Td (, we had commitments under forward purchase and sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 464.25 Td (contracts as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.25 432.75 m 378.25 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 432.75 m 432.25 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.25 432.75 m 486.25 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.25 432.75 m 378.25 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 432.75 m 432.25 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.25 432.75 m 486.25 432.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.90 437.20 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.90 437.20 Td (< 1 Year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 437.20 Td (1 - 3 Years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 421.21 Td (Forward purchase contracts notional value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 421.01 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 421.21 Td (78.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 421.21 Td (36.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 421.21 Td (42.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 405.21 Td (Forward purchase contracts barrels) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 405.01 Td (..........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 405.21 Td (2.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.50 405.21 Td (0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 405.21 Td (1.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 389.21 Td (Forward sales contracts notional value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 389.01 Td (.....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 389.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 389.21 Td (26.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 389.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 389.21 Td (26.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 389.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 389.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 373.21 Td (Forward sales contracts barrels) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.50 373.01 Td (.................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 373.21 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.50 373.21 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 373.21 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 357.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 345.25 Td (W) Tj ET Q q 0 0 0 rg BT 100.64 345.25 Td (e use futures contracts to hedge against changes in the price of petroleum products we expect to sell or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 333.25 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 102.99 333.25 Td (At March 31, 2017, the fair value of our open futures contracts, representing 3.4 million barrels of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 321.25 Td (petroleum products we expect to sell and 0.1 million barrels of butane we expect to purchase, was a net asset of $0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 309.25 Td (million. Contracts representing 0.7 million barrels of petroleum products we expect to sell qualified for hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 297.25 Td (accounting treatment, and we designated and accounted for these contracts as fair value hedges. ) Tj ET Q q 0 0 0 rg BT 448.21 297.25 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 285.25 Td (contracts did not qualify for hedge accounting treatment under ) Tj ET Q q 0 0 0 rg BT 314.86 285.25 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.81 285.25 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.35 285.25 Td (, and we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 273.25 Td (accounted for these contracts as economic hedges, with changes in fair value recognized currently in earnings. ) Tj ET Q q 0 0 0 rg BT 509.03 273.25 Td (W) Tj ET Q q 0 0 0 rg BT 518.07 273.25 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 261.25 Td (respect to these contracts, a $10.00 per barrel increase \(decrease\) in the prices of petroleum products related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 249.25 Td (contracts representing 2.7 million barrels we expect to sell would result in a $27.0 million decrease \(increase\) in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 237.25 Td (operating profit, while a $10.00 per barrel increase \(decrease\) in the price of butane would result in $1.0 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 225.25 Td (increase \(decrease\) in our operating profit. ) Tj ET Q q 0 0 0 rg BT 237.74 225.25 Td (These increases or decreases in operating profit would be substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 213.25 Td (of) Tj ET Q q 0 0 0 rg BT 71.15 213.25 Td (fset by higher or lower product sales revenue or cost of product sales when the physical sale or purchase of those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 201.25 Td (products occurs. ) Tj ET Q q 0 0 0 rg BT 130.86 201.25 Td (These contracts may be for the purchase or sale of products in markets dif) Tj ET Q q 0 0 0 rg BT 426.40 201.25 Td (ferent from those in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 189.25 Td (which we are attempting to hedge our exposure, and the resulting hedges may not eliminate all price risks.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 704.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 106.07 704.10 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 680.10 Td (Our use of variable rate debt and any forecasted issuances of fixed rate debt expose us to interest rate risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 656.10 Td (e entered into $100.0 million of forward-starting interest rate swap agreements during 2016 to hedge against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.10 Td (the risk of variability of future interest payments on a portion of debt we anticipate issuing in 2018. ) Tj ET Q q 0 0 0 rg BT 464.95 644.10 Td (The fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (of these contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.19 632.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.79 632.10 Td ( was a net asset of $15.4 million. ) Tj ET Q q 0 0 0 rg BT 344.97 632.10 Td (W) Tj ET Q q 0 0 0 rg BT 353.61 632.10 Td (e account for these agreements as cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 97.72 620.10 Td (A) Tj ET Q q 0 0 0 rg BT 104.39 620.10 Td ( 0.125% decrease in interest rates would result in a decrease in the fair value of this asset of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.10 Td ($2.3 million. ) Tj ET Q q 0 0 0 rg BT 118.84 608.10 Td (A) Tj ET Q q 0 0 0 rg BT 125.51 608.10 Td ( 0.125% increase in interest rates would result in an increase in the fair value of approximately $2.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.10 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 560.10 Td (ITEM 4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 560.10 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 211.07 560.10 Td (AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 536.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 536.10 Td (e performed an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 235.95 536.10 Td (fectiveness of the design and operation of our disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.10 Td (procedures \(as defined in rule 13a-14\(c\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 334.56 524.10 Td (Act\) as of the end of the period covered by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 512.10 Td (date of this report. ) Tj ET Q q 0 0 0 rg BT 138.63 512.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.27 512.10 Td (e performed this evaluation under the supervision and with the participation of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 500.10 Td (management, including our general partner) Tj ET Q q 0 0 0 rg BT 235.80 500.10 Td () Tj ET Q q 0 0 0 rg BT 238.58 500.10 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 322.54 500.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 435.09 500.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 452.86 500.10 Td (. Based upon that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 488.10 Td (evaluation, our general partner) Tj ET Q q 0 0 0 rg BT 186.09 488.10 Td () Tj ET Q q 0 0 0 rg BT 188.87 488.10 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 272.83 488.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 385.38 488.10 Td (ficer concluded that these disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 476.10 Td (controls and practices are ef) Tj ET Q q 0 0 0 rg BT 174.98 476.10 Td (fective in providing reasonable assurance that all required disclosures are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 464.10 Td (current report. ) Tj ET Q q 0 0 0 rg BT 122.14 464.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 172.04 464.10 Td (, these disclosure controls and practices are ef) Tj ET Q q 0 0 0 rg BT 355.12 464.10 Td (fective in ensuring that information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 452.10 Td (required to be disclosed is accumulated and communicated to our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 404.93 452.10 Td (ficer and Chief Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 440.10 Td (Of) Tj ET Q q 0 0 0 rg BT 73.37 440.10 Td (ficer to allow timely decisions regarding required disclosures. ) Tj ET Q q 0 0 0 rg BT 322.84 440.10 Td (There has been no change in our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 428.10 Td (over financial reporting \(as defined in Rule 13a-15\(f\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 387.33 428.10 Td (Act\) during the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 416.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.60 416.10 Td ( that has materially af) Tj ET Q q 0 0 0 rg BT 213.05 416.10 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 394.46 416.10 Td (fect, our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 404.10 Td (financial reporting. ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 692.10 Td (Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (Certain matters discussed in this Quarterly Report on Form 10-Q include forward-looking statements within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.10 Td (the meaning of the federal securities laws that discuss our expected future results based on current and pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.10 Td (business operations. Forward-looking statements can be identified by words such as anticipates, believes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (continue, could, estimates, expects, forecasts, goal, guidance, intends, may) Tj ET Q q 0 0 0 rg BT 436.60 632.10 Td (, might, plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (potential, projected, scheduled, should, will and other similar expressions. ) Tj ET Q q 0 0 0 rg BT 405.66 620.10 Td (Although we believe our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.10 Td (forward-looking statements are based on reasonable assumptions, statements made regarding future results are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.10 Td (guarantees of future performance and are subject to numerous assumptions, uncertainties and risks that are dif) Tj ET Q q 0 0 0 rg BT 502.67 596.10 Td (ficult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.10 Td (to predict. ) Tj ET Q q 0 0 0 rg BT 105.86 584.10 Td (Therefore, actual outcomes and results may be materially dif) Tj ET Q q 0 0 0 rg BT 348.64 584.10 Td (ferent from the results stated or implied in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.10 Td (such forward-looking statements included in this report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 560.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 548.10 Td (The following are among the important factors that could cause future results to dif) Tj ET Q q 0 0 0 rg BT 419.77 548.10 Td (fer materially from any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 536.10 Td (projected, forecasted, estimated or budgeted amounts we have discussed in this report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 524.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 512.10 Td (overall demand for refined products, crude oil, liquefied petroleum gases and ammonia in the U.S.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 500.10 Td (price fluctuations for refined products, crude oil, liquefied petroleum gases and ammonia and expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 488.10 Td (about future prices for these products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 476.10 Td (changes in the production of crude oil in the basins served by our pipelines;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 464.10 Td (changes in general economic conditions, interest rates and price levels;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 452.10 Td (changes in the financial condition of our customers, vendors, derivatives counterparties, lenders or joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 440.10 Td (venture co-owners;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 428.10 Td (our ability to secure financing in the credit and capital markets in amounts and on terms that will allow us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 416.10 Td (to execute our growth strategy) Tj ET Q q 0 0 0 rg BT 219.98 416.10 Td (, refinance our existing obligations when due and maintain adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 404.10 Td (liquidity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 392.10 Td (development of alternative ener) Tj ET Q q 0 0 0 rg BT 225.70 392.10 Td (gy sources, including but not limited to natural gas, solar power) Tj ET Q q 0 0 0 rg BT 480.25 392.10 Td (, wind ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 380.10 Td (power and geothermal ener) Tj ET Q q 0 0 0 rg BT 207.94 380.10 Td (gy) Tj ET Q q 0 0 0 rg BT 217.29 380.10 Td (, increased use of biofuels such as ethanol and biodiesel, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 368.10 Td (conservation or fuel ef) Tj ET Q q 0 0 0 rg BT 189.06 368.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 220.61 368.10 Td (, as well as regulatory developments or other trends that could af) Tj ET Q q 0 0 0 rg BT 479.24 368.10 Td (fect demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 356.10 Td (for our services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 344.10 Td (changes in the throughput or interruption in service of refined products or crude oil pipelines owned and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 332.10 Td (operated by third parties and connected to our assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 320.10 Td (changes in demand for storage in our refined products, crude oil or marine terminals;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 308.10 Td (changes in supply and demand patterns for our facilities due to geopolitical events, the activities of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 296.10 Td (Or) Tj ET Q q 0 0 0 rg BT 109.37 296.10 Td (ganization of the Petroleum Exporting Countries, changes in U.S. trade policies or in laws governing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 284.10 Td (importing and exporting of petroleum products, technological developments or other factors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 272.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 272.10 Td (our ability to manage interest rate and commodity price exposures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 260.10 Td (changes in our tarif) Tj ET Q q 0 0 0 rg BT 176.29 260.10 Td (f rates or other terms of service implemented by the Federal Ener) Tj ET Q q 0 0 0 rg BT 436.84 260.10 Td (gy Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 248.10 Td (Commission, the U.S. Surface ) Tj ET Q q 0 0 0 rg BT 222.42 248.10 Td (T) Tj ET Q q 0 0 0 rg BT 228.18 248.10 Td (ransportation Board or state regulatory agencies;) Tj 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occurrence of natural disasters, terrorism, operational hazards, equipment failures, system failures or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 164.10 Td (unforeseen interruptions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 152.10 Td (our ability to obtain adequate levels of insurance at a reasonable cost, and the potential for losses to exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 140.10 Td (the insurance coverage we do obtain;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 128.10 Td (the treatment of us as a corporation for federal or state income tax purposes or if we become subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 116.10 Td (significant forms of other taxation or more aggressive enforcement or increased assessments under existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 104.10 Td (forms of taxation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 92.10 Td (our ability to identify expansion projects or to complete identified expansion projects on time and at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 80.10 Td (projected costs;) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 704.10 Td (our ability to make and integrate accretive acquisitions and joint ventures and successfully execute our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 692.10 Td (business strategy;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 680.10 Td (uncertainty of estimates, including accruals and costs of environmental remediation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 668.10 Td (our ability to cooperate with and rely on our joint venture co-owners;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 656.10 Td (actions by rating agencies concerning our credit ratings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 644.10 Td (our ability to timely obtain and maintain all necessary approvals, consents and permits required to operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 632.10 Td (our existing assets and to construct, acquire and operate any new or modified assets; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 620.10 Td (our ability to promptly obtain all necessary services, materials, labor) Tj ET Q q 0 0 0 rg BT 372.69 620.10 Td (, supplies and rights-of-way required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 608.10 Td (for construction of our growth projects, and to complete construction without significant delays, disputes or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 596.10 Td (cost overruns;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 584.10 Td (risks inherent in the use and security of information systems in our business and implementation of new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 572.10 Td (software and hardware;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 560.10 Td (changes in laws and regulations that govern product quality specifications or renewable fuel obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 548.10 Td (that could impact our ability to produce gasoline volumes through our butane blending activities or that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 536.10 Td (could require significant capital outlays for compliance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 524.10 Td (changes in laws and regulations to which we or our customers are or could become subject, including tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 512.10 Td (withholding requirements, safety) Tj ET Q q 0 0 0 rg BT 230.26 512.10 Td (, security) Tj ET Q q 0 0 0 rg BT 266.27 512.10 Td (, employment, hydraulic fracturing, derivatives transactions, trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 500.10 Td (and environmental laws and regulations, including laws and regulations designed to address climate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 488.10 Td (change;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 476.10 Td (the cost and ef) Tj ET Q q 0 0 0 rg BT 156.85 476.10 Td (fects of legal and administrative claims and proceedings against us or our subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 464.10 Td (the amount of our indebtedness, which could make us vulnerable to general adverse economic and industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 452.10 Td (conditions, limit our ability to borrow additional funds, place us at competitive disadvantages compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 440.10 Td (our competitors that have less debt or have other adverse consequences;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 428.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 121.30 428.10 Td (fect of changes in accounting policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 416.10 Td (the potential that our internal controls may not be adequate, weaknesses may be discovered or remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 404.10 Td (of any identified weaknesses may not be successful;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 392.10 Td (the ability and intent of our customers, vendors, lenders, joint venture co-owners or other third parties to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 380.10 Td (perform on their contractual obligations to us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 368.10 Td (petroleum product supply disruptions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 356.10 Td (global and domestic repercussions from terrorist activities, including cyber attacks, and the government) Tj ET Q q 0 0 0 rg BT 516.10 356.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 344.10 Td (response thereto; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 332.10 Td (other factors and uncertainties inherent in the transportation, storage and distribution of petroleum products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 320.10 Td (and ammonia, and the operation, acquisition and construction of assets related to such activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 308.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 296.10 Td (This list of important factors is not exclusive. ) Tj ET Q q 0 0 0 rg BT 269.46 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.09 296.10 Td (e undertake no obligation to publicly update or revise any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 284.10 Td (forward-looking statement, whether as a result of new information, future events, changes in assumptions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 272.10 Td (otherwise.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.85 692.10 Td (P) Tj ET Q q 0 0 0 rg BT 284.22 692.10 Td (AR) Tj ET Q q 0 0 0 rg BT 298.31 692.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.80 692.10 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.80 671.10 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 327.56 671.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (ITEM 1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 647.10 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 169.46 647.10 Td ( PROCEEDINGS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 623.10 Td (Condensate Splitter Litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.61 623.10 Td ( On January 27, 2017, our subsidiary) Tj ET Q q 0 0 0 rg BT 360.22 623.10 Td (, Magellan Processing, L.P) Tj ET Q q 0 0 0 rg BT 466.88 623.10 Td (., filed suit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (against ) Tj ET Q q 0 0 0 rg BT 93.64 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 99.40 611.10 Td (rafigura ) Tj ET Q q 0 0 0 rg BT 133.37 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 139.12 611.10 Td (rading LLC \(T) Tj ET Q q 0 0 0 rg BT 202.08 611.10 Td (rafigura\), in the District Court of Harris County) Tj ET Q q 0 0 0 rg BT 396.38 611.10 Td (, ) Tj ET Q q 0 0 0 rg BT 401.20 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.61 611.10 Td (exas, alleging breach of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (contract under the tolling agreement and revenue commitment agreement executed by the parties in connection with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (the condensate splitter we have constructed at our Corpus Christi terminal. On March 1) Tj ET Q q 0 0 0 rg BT 414.48 587.10 Td (1, 2017, the parties entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (into a new feedstock tolling agreement for ) Tj ET Q q 0 0 0 rg BT 234.70 575.10 Td (T) Tj ET Q q 0 0 0 rg BT 240.46 575.10 Td (rafigura) Tj ET Q q 0 0 0 rg BT 274.88 575.10 Td (s exclusive use of the condensate splitter and a new revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (commitment agreement for ) Tj ET Q q 0 0 0 rg BT 174.17 563.10 Td (T) Tj ET Q q 0 0 0 rg BT 179.92 563.10 Td (rafigura) Tj ET Q q 0 0 0 rg BT 214.35 563.10 Td (s use of three common carrier pipelines constructed as part of the condensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (splitter project. ) Tj ET Q q 0 0 0 rg BT 128.36 551.10 Td (The new agreements were entered into as part of an amicable resolution of the dispute between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (parties under the previous contracts. On March 21, 2017, Magellan Processing, L.P) Tj ET Q q 0 0 0 rg BT 397.65 539.10 Td (.) Tj ET Q q 0 0 0 rg BT 402.93 539.10 Td (s lawsuit against ) Tj ET Q q 0 0 0 rg BT 471.35 539.10 Td (T) Tj ET Q q 0 0 0 rg BT 477.11 539.10 Td (rafigura was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (dismissed with prejudice as part of such resolution.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 503.10 Td (Anhydr) Tj ET Q q 0 0 0 rg BT 116.07 503.10 Td (ous ) Tj ET Q q 0 0 0 rg BT 132.28 503.10 Td (Ammonia Event. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.87 503.10 Td (On October 17, 2016, we experienced a release of anhydrous ammonia on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td (ammonia pipeline system near ) Tj ET Q q 0 0 0 rg BT 187.23 491.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.64 491.10 Td (ekamah, Nebraska. ) Tj ET Q q 0 0 0 rg BT 273.81 491.10 Td (The release resulted in a fatality and other possible injuries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (The National ) Tj ET Q q 0 0 0 rg BT 117.80 479.10 Td (T) Tj ET Q q 0 0 0 rg BT 123.56 479.10 Td (ransportation Safety Board is investigating the event. ) Tj ET Q q 0 0 0 rg BT 340.83 479.10 Td (W) Tj ET Q q 0 0 0 rg BT 349.46 479.10 Td (e are currently unable to estimate the full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 467.10 Td (impact of this event. However) Tj ET Q q 0 0 0 rg BT 185.90 467.10 Td (, we believe the impact on our financial position and results of operations is not likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 455.10 Td (to be material as defined by the SEC.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 431.10 Td (Settlement of Clean) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 163.82 431.10 Td ( W) Tj ET Q q 0 0 0 rg BT 173.73 431.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 192.16 431.10 Td (Act Claims. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.82 431.10 Td (In July 201) Tj ET Q q 0 0 0 rg BT 288.45 431.10 Td (1, we received an information request from the EP) Tj ET Q q 0 0 0 rg BT 489.41 431.10 Td (A) Tj ET Q q 0 0 0 rg BT 496.08 431.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 419.10 Td (pursuant to Section 308 of the Clean ) Tj ET Q q 0 0 0 rg BT 211.40 419.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.04 419.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 236.97 419.10 Td (Act regarding a pipeline release near ) Tj ET Q q 0 0 0 rg BT 386.16 419.10 Td (T) Tj ET Q q 0 0 0 rg BT 391.57 419.10 Td (exas City) Tj ET Q q 0 0 0 rg BT 428.42 419.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.23 419.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.64 419.10 Td (exas in February 201) Tj ET Q q 0 0 0 rg BT 522.42 419.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 407.10 Td (\(the T) Tj ET Q q 0 0 0 rg BT 90.90 407.10 Td (exas Release\). In ) Tj ET Q q 0 0 0 rg BT 167.80 407.10 Td (April 2012, we received a similar information request from the EP) Tj ET Q q 0 0 0 rg BT 432.64 407.10 Td (A) Tj ET Q q 0 0 0 rg BT 439.31 407.10 Td ( pursuant to Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 395.10 Td (308 of the Clean ) Tj ET Q q 0 0 0 rg BT 131.69 395.10 Td (W) Tj ET Q q 0 0 0 rg BT 140.33 395.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 157.26 395.10 Td (Act regarding a pipeline release near Nemaha, Nebraska in December 201) Tj ET Q q 0 0 0 rg BT 453.69 395.10 Td (1 \(the Nebraska ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 383.10 Td (Release\). In October 2015, we received a letter from the U.S. Department of Justice \(DOJ Letter\) stating that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 371.10 Td (the Clean ) Tj ET Q q 0 0 0 rg BT 103.36 371.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.00 371.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 128.93 371.10 Td (Act claims arising out of the ) Tj ET Q q 0 0 0 rg BT 244.84 371.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.25 371.10 Td (exas Release, the Nebraska Release and a pipeline release near El ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 359.10 Td (Dorado, Kansas in May 2015 had all been referred to the U.S. Department of Justice for enforcement. In January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 347.10 Td (2017, we agreed to settle these enforcement claims for payment of $2 million and certain related injunctive relief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 335.10 Td (regarding ongoing remediation ef) Tj ET Q q 0 0 0 rg BT 196.94 335.10 Td (forts and future training and safety matters.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 311.10 Td (U.S) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 100.22 311.10 Td (. Oil Recovery) Tj ET Q q 0 0 0 rg BT 157.14 311.10 Td (, EP) Tj ET Q q 0 0 0 rg BT 173.07 311.10 Td (A) Tj ET Q q 0 0 0 rg BT 179.00 311.10 Td ( ID No.: TXN000607093 Superfund Site.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.49 311.10 Td () Tj ET Q q 0 0 0 rg BT 343.81 311.10 Td (W) Tj ET Q q 0 0 0 rg BT 352.45 311.10 Td (e have liability at the U.S. Oil Recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 299.10 Td (Superfund Site in Pasadena, ) Tj ET Q q 0 0 0 rg BT 177.52 299.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.93 299.10 Td (exas as a potential responsible party \(PRP\) under Section 107\(a\) of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 287.10 Td (Comprehensive Environmental Response, Compensation, and Liability ) Tj ET Q q 0 0 0 rg BT 349.62 287.10 Td (Act of 1980, as amended \(CERCLA\). ) Tj ET Q q 0 0 0 rg BT 511.25 287.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 275.10 Td (result of the EP) Tj ET Q q 0 0 0 rg BT 124.02 275.10 Td (A) Tj ET Q q 0 0 0 rg BT 130.13 275.10 Td () Tj ET Q q 0 0 0 rg BT 132.91 275.10 Td (s ) Tj ET Q q 0 0 0 rg BT 138.75 275.10 Td (Administrative Settlement ) Tj ET Q q 0 0 0 rg BT 245.95 275.10 Td (Agreement and Order on Consent for Removal ) Tj ET Q q 0 0 0 rg BT 435.63 275.10 Td (Action, filed ) Tj ET Q q 0 0 0 rg BT 488.12 275.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 263.10 Td (25, 201) Tj ET Q q 0 0 0 rg BT 92.63 263.10 Td (1, EP) Tj ET Q q 0 0 0 rg BT 113.38 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 120.05 263.10 Td ( Region 6, CERCLA) Tj ET Q q 0 0 0 rg BT 202.83 263.10 Td ( Docket No. 06-10-1) Tj ET Q q 0 0 0 rg BT 285.22 263.10 Td (1, we voluntarily entered into the PRP) Tj ET Q q 0 0 0 rg BT 437.88 263.10 Td ( group responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.10 Td (the site investigation, stabilization and subsequent site cleanup. ) Tj ET Q q 0 0 0 rg BT 318.32 251.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.96 251.10 Td (e have paid $15,000 associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 239.10 Td (assessment phase. Until this assessment phase has been completed, we cannot reasonably estimate our proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 227.10 Td (share of the remediation costs associated with this site. ) Tj ET Q q 0 0 0 rg BT 286.93 227.10 Td (While the results cannot be reasonably estimated, we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 215.10 Td (the ultimate resolution of this matter will not have a material impact on our results of operations, financial position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 203.10 Td (or cash flows.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 179.10 Td (Lake) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 104.94 179.10 Td ( Calumet Cluster Site, EP) Tj ET Q q 0 0 0 rg BT 206.70 179.10 Td (A) Tj ET Q q 0 0 0 rg BT 212.62 179.10 Td ( ID No.: ILD000716852 Superfund Site. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.89 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 386.53 179.10 Td (e have liability at the Lake Calumet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 167.10 Td (Cluster Superfund Site in Chicago, Illinois as a PRP) Tj ET Q q 0 0 0 rg BT 271.23 167.10 Td ( under Sections 107\(a\) and 1) Tj ET Q q 0 0 0 rg BT 385.55 167.10 Td (13\(f\)\(1\) of CERCLA. ) Tj ET Q q 0 0 0 rg BT 476.93 167.10 Td (As a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 155.10 Td (the EP) Tj ET Q q 0 0 0 rg BT 88.47 155.10 Td (A) Tj ET Q q 0 0 0 rg BT 94.58 155.10 Td () Tj ET Q q 0 0 0 rg BT 97.36 155.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.20 155.10 Td (Administrative Settlement ) Tj ET Q q 0 0 0 rg BT 210.41 155.10 Td (Agreement and Order for Remedial Investigation/Feasibility Study of June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 143.10 Td (2013, we voluntarily entered into the PRP) Tj ET Q q 0 0 0 rg BT 230.66 143.10 Td ( group responsible for the investigation, cleanup and installation of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 131.10 Td (appropriate clay cap over the site. ) Tj ET Q q 0 0 0 rg BT 202.76 131.10 Td (W) Tj ET Q q 0 0 0 rg BT 211.39 131.10 Td (e have paid $8,000 associated with the Remedial Investigation/Feasibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 119.10 Td (Study and cleanup costs to date. Our projected portion of the estimated cap installation is $55,000. ) Tj ET Q q 0 0 0 rg BT 464.12 119.10 Td (While the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 107.10 Td (results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 227.01 107.10 Td (, we believe the ultimate resolution of this matter will not have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 95.10 Td (impact on our results of operations, financial position or cash flows.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 704.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 704.10 Td (e are a party to various other claims, legal actions and complaints arising in the ordinary course of business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 692.10 Td (While the results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 268.66 692.10 Td (, management believes the ultimate resolution of these claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 680.10 Td (legal actions and complaints after consideration of amounts accrued, insurance coverage or other indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.10 Td (arrangements will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 256.90 668.10 Td (fect on our future results of operations, financial position or cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 90.22 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.72 656.10 Td ( ) Tj ET Q /GS0 gs q 2.50 0 0 10.09 95.22 653.94 cm /I16 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (ITEM 1A. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 620.10 Td (RISK F) Tj ET Q q 0 0 0 rg BT 167.32 620.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 188.25 620.10 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 596.10 Td (In addition to the information set forth in this report, you should carefully consider the factors discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.10 Td (Part I, Item1A. Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 215.20 584.10 Td (Annual Report on Form 10-K for the year ended December31, 2016, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.10 Td (could materially af) Tj ET Q q 0 0 0 rg BT 138.34 572.10 Td (fect our business, financial condition or future results. ) Tj ET Q q 0 0 0 rg BT 356.44 572.10 Td (The risks described in our ) Tj ET Q q 0 0 0 rg BT 462.25 572.10 Td (Annual Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 560.10 Td (on Form 10-K are not our only risks. ) Tj ET Q q 0 0 0 rg BT 212.16 560.10 Td (Additional risks and uncertainties not currently known to us or that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 548.10 Td (currently deem to be immaterial also could materially adversely af) Tj ET Q q 0 0 0 rg BT 328.55 548.10 Td (fect our business, financial condition or operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 536.10 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 488.10 Td (ITEM 2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 488.10 Td (UNREGISTERED SALES OF) Tj ET Q q 0 0 0 rg BT 265.22 488.10 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 306.80 488.10 Td ( SECURITIES ) Tj ET Q q 0 0 0 rg BT 371.83 488.10 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 431.46 488.10 Td ( PROCEEDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 464.10 Td (None.) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 63.00 447.30 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 418.50 Td (ITEM 3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 418.50 Td (DEF) Tj ET Q q 0 0 0 rg BT 154.26 418.50 Td (AUL) Tj ET Q q 0 0 0 rg BT 174.45 418.50 Td (TS UPON SENIOR SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 394.50 Td (None.) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 63.00 377.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 348.90 Td (ITEM 4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 348.90 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 203.80 348.90 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 324.90 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 288.90 Td (ITEM 5. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 288.90 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 221.76 288.90 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 264.90 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 228.90 Td (ITEM 6. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 228.90 Td (EXHIBITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 204.90 Td (The exhibits listed on the accompanying Index to Exhibits are filed or incorporated by reference as part of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 192.90 Td (report, and such Index to Exhibits is incorporated herein by reference. ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.85 692.10 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 295.78 692.10 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 671.10 Td (Pursuant to the requirements of the Securities and Exchange ) Tj ET Q q 0 0 0 rg BT 329.99 671.10 Td (Act of 1934, the registrant has duly caused this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (report to be signed on its behalf by the undersigned thereunto duly authorized in ) Tj ET Q q 0 0 0 rg BT 386.07 659.10 Td (T) Tj ET Q q 0 0 0 rg BT 391.83 659.10 Td (ulsa, Oklahoma on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.59 659.10 Td (May3, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.42 659.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 648.30 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 558.8 m 322.5 558.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 558.8 m 326.5 558.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 558.8 m 529.5 558.8 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 627.47 Td (MAGELLAN MIDSTREAM PARTNERS, L.P.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 608.47 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 608.47 Td (Magellan GP, LLC,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.00 593.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 593.47 Td (its general partner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 563.47 Td (/s/ Aaron L. Milford) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 548.47 Td (Aaron L. Milford) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 533.47 Td (Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 518.47 Td (\(Principal Accounting and Financial Officer\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 756.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 756.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 51.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 692.10 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 283.07 692.10 Td (T) Tj ET Q q 0 0 0 rg BT 289.00 692.10 Td (O EXHIBITS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 617.6 m 139.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 617.6 m 519.5 617.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 622.27 Td (Exhibit Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.00 621.83 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 604.17 Td (Exhibit 3.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 605.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 604.17 Td (Amendment No. 2 dated January 16, 2017 to Fifth Amended and Restated Agreement of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 594.17 Td (Limited Partnership of Magellan Midstream Partners, L.P. dated as of September 28,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 584.17 Td (2009 \(filed as Exhibit 3.2 to Form 8-K filed January 17, 2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 566.17 Td (Exhibit 3.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 567.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 566.17 Td (Amendment No. 1 dated January 16, 2017 to Third Amended and Restated Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 556.17 Td (Liability Company Agreement of Magellan GP, LLC dated as of September 28, 2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 546.17 Td (\(filed as Exhibit 3.1 to Form 8-K filed January 17, 2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 528.17 Td (Exhibit 12) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 526.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 528.17 Td (Ratio of earnings to fixed charges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 509.17 Td (Exhibit 31.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 507.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 509.17 Td (Certification of Michael N. Mears, principal executive officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 490.17 Td (Exhibit 31.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 488.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 490.17 Td (Certification of Aaron L. Milford, principal financial officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 471.17 Td (Exhibit 32.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 469.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 471.17 Td (Section 1350 Certification of Michael N. Mears, Chief Executive Officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 452.17 Td (Exhibit 32.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 450.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 452.17 Td (Section 1350 Certification of Aaron L. Milford, Chief Financial Officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 433.17 Td (Exhibit 101.INS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 431.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 433.17 Td (XBRL Instance Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 414.17 Td (Exhibit 101.SCH) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 412.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 414.17 Td (XBRL Taxonomy Extension Schema.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 395.17 Td (Exhibit 101.CAL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 393.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 395.17 Td (XBRL Taxonomy Extension Calculation Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 375.27 Td (Exhibit 101.DEF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 375.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 375.27 Td (XBRL Taxonomy Extension Definition Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 356.27 Td (Exhibit 101.LAB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 356.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 356.27 Td (XBRL Taxonomy Extension Label Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 337.27 Td (Exhibit 101.PRE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 336.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 337.27 Td (XBRL Taxonomy Extension Presentation Linkbase.) 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