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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 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 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 120.25 467.746337890625 m 256.33984375 467.746337890625 l s q 0 0 0 rg BT 120.25 469.15 Td (Partners) Tj ET Q q 0 0 0 rg BT 156.07 469.15 Td ( Capital and Distributions) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 469.01 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 514.55 551.81005859375 m 523.216015625 551.81005859375 l s q 0 0 1 rg BT 514.55 553.01 Td (1) Tj ET Q q 0 0 1 rg BT 518.72 553.01 Td (1) 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 (13) 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 (13) 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 rg BT 514.25 517.01 Td (16) 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 514.25 503.81005859375 m 523.25 503.81005859375 l s q 0 0 1 rg BT 514.25 505.01 Td (17) 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 514.25 491.81005859375 m 523.25 491.81005859375 l s q 0 0 1 rg BT 514.25 493.01 Td (22) 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 514.25 479.81005859375 m 523.25 479.81005859375 l s q 0 0 1 rg BT 514.25 481.01 Td (23) 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 514.25 467.81005859375 m 523.25 467.81005859375 l s q 0 0 1 rg BT 514.25 469.01 Td (24) 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 514.25 455.81005859375 m 523.25 455.81005859375 l s q 0 0 1 rg BT 514.25 457.01 Td (25) 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 514.25 443.81005859375 m 523.25 443.81005859375 l s q 0 0 1 rg BT 514.25 445.01 Td (26) 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 514.25 431.81005859375 m 523.25 431.81005859375 l s q 0 0 1 rg BT 514.25 433.01 Td (26) 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 514.25 395.81005859375 m 523.25 395.81005859375 l s q 0 0 1 rg BT 514.25 397.01 Td (27) 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 514.25 383.81005859375 m 523.25 383.81005859375 l s q 0 0 1 rg BT 514.25 385.01 Td (27) 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 514.25 371.81005859375 m 523.25 371.81005859375 l s q 0 0 1 rg BT 514.25 373.01 Td (27) 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 514.25 359.81005859375 m 523.25 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 537.41 Td (Transportation and terminals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.75 537.21 Td (.......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 537.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 537.41 Td (392,240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 537.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 537.41 Td (433,239) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 537.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 537.41 Td (762,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 537.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 537.41 Td (825,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 522.41 Td (Product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.50 522.21 Td (................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 522.41 Td (123,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 522.41 Td (182,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 522.41 Td (270,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 522.41 Td (427,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 507.41 Td (Affiliate management fee revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 507.21 Td (.............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.25 507.41 Td (2,968) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 507.41 Td (4,197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 507.41 Td (6,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 507.41 Td (7,980) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.50 492.41 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.25 492.21 Td (.............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 492.41 Td (518,897) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 492.41 Td (619,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.50 492.41 Td (1,038,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 492.41 Td (1,261,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 477.41 Td (Costs and expenses:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.50 462.41 Td (Operating) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.75 462.21 Td (...........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 462.41 Td (134,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 462.41 Td (145,294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 462.41 Td (257,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 462.41 Td (276,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.50 447.41 Td (Cost of product sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.25 447.21 Td (.........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.75 447.41 Td (95,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 447.41 Td (145,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 447.41 Td (209,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 447.41 Td (318,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.50 432.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.00 432.21 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.75 432.41 Td (43,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 432.41 Td (48,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 432.41 Td (87,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 432.41 Td (96,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.50 417.41 Td (General and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.50 417.21 Td (................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.75 417.41 Td (34,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 417.41 Td (43,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 417.41 Td (75,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 417.41 Td (83,674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.50 402.41 Td (Total costs and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.50 402.21 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 402.41 Td (307,742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 402.41 Td (383,558) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 402.41 Td (628,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 402.41 Td (775,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 387.41 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 387.21 Td (...........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.75 387.41 Td (15,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 387.41 Td (25,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 387.41 Td (32,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 387.41 Td (47,022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 372.41 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.25 372.21 Td (.........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 372.41 Td (226,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 372.41 Td (261,458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 372.41 Td (443,010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 372.41 Td (532,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 357.41 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.25 357.21 Td (.........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.75 357.41 Td (48,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 357.41 Td (51,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 357.41 Td (92,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 357.41 Td (102,758) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 342.41 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.00 342.21 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 342.41 Td (\(404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 342.41 Td (\(256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 342.41 Td (\(765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 342.41 Td (\(548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.50 342.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 327.41 Td (Interest capitalized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.25 327.21 Td (.....................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 327.41 Td (\(7,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 327.41 Td (\(3,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 327.41 Td (\(13,266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.25 327.41 Td (\(7,380) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.50 327.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 312.41 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 275.00 312.21 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 312.41 Td (\(1,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 312.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.50 312.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 312.41 Td (\(28,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 312.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 312.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 297.41 Td (Other expense \(income\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.25 297.21 Td (.............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 297.41 Td (\(1,958) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 297.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 297.41 Td (2,043) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.25 297.41 Td (\(3,710) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 297.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 297.41 Td (3,213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 282.41 Td (Income before provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.50 282.21 Td (................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 282.41 Td (188,544) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 282.41 Td (211,308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 282.41 Td (396,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 282.41 Td (434,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 267.41 Td (Provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.50 267.21 Td (........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 267.41 Td (685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 267.41 Td (908) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 267.41 Td (1,556) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 267.41 Td (1,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.50 252.41 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.00 252.21 Td (......................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 252.41 Td (187,859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 252.41 Td (210,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 252.41 Td (394,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 252.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 252.41 Td (433,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 228.41 Td (Basic net income per limited partner unit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 228.21 Td (..................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.75 228.41 Td (0.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 228.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 228.41 Td (1.73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 228.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.75 228.41 Td (1.90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 204.41 Td (Diluted net income per limited partner unit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 204.21 Td (..............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.75 204.41 Td (0.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 204.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 204.41 Td (1.73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 204.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.75 204.41 Td (1.90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 189.41 Td (W) Tj ET Q q 0 0 0 rg BT 90.27 189.41 Td (eighted average number of limited partner units outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.50 180.41 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 255.19 184.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.75 180.21 Td (...................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 180.41 Td (227,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 180.41 Td (228,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 180.41 Td (227,889) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 180.41 Td (228,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.50 165.41 Td (W) Tj ET Q q 0 0 0 rg BT 90.27 165.41 Td (eighted average number of limited partner units outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.50 156.41 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 261.70 160.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.50 156.21 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.25 156.41 Td (227,983) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 156.41 Td (228,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 156.41 Td (227,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 156.41 Td (228,202) 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 334.5 637.95 m 380.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 637.95 m 384.5 637.95 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 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 480.5 637.95 m 484.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 637.95 m 530.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 637.95 m 380.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 624.95 m 380.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 637.95 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 484.5 637.95 m 530.5 637.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 624.95 m 530.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 624.95 m 380.5 624.95 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 484.5 624.95 m 530.5 624.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 471.95 m 380.5 471.95 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 484.5 471.95 m 530.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 471.95 m 380.5 471.95 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 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 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 484.5 471.95 m 530.5 471.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 456.95 m 530.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 456.95 m 380.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 442.95 m 380.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 440.95 m 380.5 440.95 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 456.95 m 530.5 456.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 442.95 m 530.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 440.95 m 530.5 440.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 642.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.05 650.35 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 641.35 Td (June 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.45 650.35 Td (Six Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.95 641.35 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 629.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.00 629.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.00 629.35 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.00 629.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 629.35 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 614.41 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.25 614.21 Td (...................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.35 614.41 Td (187,859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.35 614.41 Td (210,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.35 614.41 Td (394,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 614.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.35 614.41 Td (433,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 599.41 Td (Other comprehensive income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 584.41 Td (Derivative activity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.00 569.41 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 229.47 573.49 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.50 569.21 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.40 569.41 Td (\(8,631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.65 569.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.40 569.41 Td (\(2,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.65 569.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.90 569.41 Td (\(21,109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.65 569.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.40 569.41 Td (\(1,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.65 569.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.00 554.41 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 101.00 545.41 Td (income) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 127.49 549.49 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.77 545.41 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.25 545.21 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.15 545.41 Td (388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.15 545.41 Td (739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.15 545.41 Td (776) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.40 545.41 Td (1,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 530.41 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 92.00 521.41 Td (recognized in other comprehensive income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.00 506.41 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 228.95 510.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.50 506.21 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.15 506.41 Td (\(974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.65 506.41 Td (\(46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.40 506.41 Td (\(1,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.65 506.41 Td (\(91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.65 506.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.00 491.41 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 208.22 495.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 491.21 Td (...................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.40 491.41 Td (1,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.40 491.41 Td (1,983) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.40 491.41 Td (2,693) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.40 491.41 Td (3,211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.00 476.41 Td (Settlement cost) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 156.24 480.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 164.50 476.21 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.65 476.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.15 476.41 Td (361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.65 476.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.40 476.41 Td (1,726) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 461.41 Td (Total other comprehensive income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 461.21 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.40 461.41 Td (\(7,925) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.65 461.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.15 461.41 Td (235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.90 461.41 Td (\(19,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.65 461.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.40 461.41 Td (4,818) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 446.41 Td (Comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.00 446.21 Td (................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.35 446.41 Td (179,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.35 446.41 Td (210,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.35 446.41 Td (375,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 446.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.35 446.41 Td (437,954) 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 126.00 427.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.06 423.85 Td ( See Note 8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 173.16 423.85 Td (Derivative Financial Instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.81 423.85 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 BT /F1 5.20 Tf ET q 0 0 0 rg BT 126.00 389.68 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.06 386.05 Td ( See Note 6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 173.16 386.05 Td (Employee Benefit Plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.58 386.05 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 63.00 117.25 Td () Tj ET Q 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 383.75 256.75 m 447.75 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 256.75 m 516.75 256.75 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 383.75 128.75 m 447.75 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 128.75 m 516.75 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 117.75 m 447.75 117.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.75 115.75 m 447.75 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 117.75 m 516.75 117.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.75 115.75 m 516.75 115.75 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 468.20 661.15 Td (June 30,) 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 (5,471) 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 484.00 605.21 Td (113,233) 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 (12,636) 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 (119,451) 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 493.00 568.01 Td (4,250) 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 (4,492) 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 (66,123) 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 (325,656) 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 (7,048,502) 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 (1,592,035) 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 (5,456,467) 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 (976,456) 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 (22,532) 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 \(less accumulated amortization of $2,136 and $1,228 at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 439.06 Td (December31, 2016 and June 30, 2017, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.75 439.06 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 (52,925) 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 (43,426) 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 (6,930,722) 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 484.00 368.01 Td (103,100) 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 (40,181) 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 (65,459) 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 (43,409) 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 (6,466) 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 (115,023) 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 (46,803) 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 504.25 284.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 272.01 Td (Energy commodity derivatives deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 272.01 Td (...................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 272.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 272.01 Td (119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 260.01 Td (Other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.00 260.01 Td (.............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 260.01 Td (48,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 260.01 Td (36,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 248.01 Td (Total current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 248.01 Td (......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 248.01 Td (481,656) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 248.01 Td (456,575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 236.01 Td (Long-term debt, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.75 236.01 Td (..........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 236.01 Td (4,087,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 236.01 Td (4,231,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 224.01 Td (Long-term pension and benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.50 224.01 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 224.01 Td (71,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 224.01 Td (68,444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 212.01 Td (Other noncurrent liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.50 212.01 Td (...............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 212.01 Td (25,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 212.01 Td (27,137) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 200.01 Td (Environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.50 200.01 Td (...................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.50 200.01 Td (13,791) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 200.01 Td (12,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 188.01 Td (Commitments and contingencies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 176.01 Td (Partners capital:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 164.01 Td (Limited partner unitholders \(227,784 units and 228,025 units outstanding at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 155.06 Td (December 31, 2016 and June 30, 2017, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.75 155.06 Td (..........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 157.21 Td (2,193,346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 157.21 Td (2,230,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 144.01 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 144.01 Td (...................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 144.01 Td (\(101,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 144.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 144.01 Td (\(96,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.25 144.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 132.01 Td (Total partners capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.50 132.01 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 132.01 Td (2,092,105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 132.01 Td (2,134,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.25 120.01 Td (Total liabilities and partners capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.00 120.01 Td (.................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 120.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 120.01 Td (6,772,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 120.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 120.01 Td (6,930,722) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 74.05 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 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 432.45 661.20 Td (Six Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 651.20 Td (June 30,) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 620.06 Td (394,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 620.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 620.06 Td (433,136) 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 (87,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 598.06 Td (96,194) 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 (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 587.06 Td (5,331) 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 (\(32,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 576.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 576.06 Td (\(47,022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 576.06 Td (\)) 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 (31,080) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 565.06 Td (46,754) 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 438.25 554.06 Td (10,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 554.06 Td (10,717) 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 (746) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 543.06 Td (4,846) 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 (\(28,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 532.06 Td (\)) 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 435.25 510.06 Td (\(10,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 510.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 510.06 Td (2,681) 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 435.25 499.06 Td (\(25,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 499.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 499.06 Td (14,927) 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 435.25 488.06 Td (\(17,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 488.06 Td (10,538) 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 (9,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 477.06 Td (13,132) 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 (\(14,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 466.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 466.06 Td (\(5,509) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 466.06 Td (\)) 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 438.25 455.06 Td (10,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.50 455.06 Td (\(184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 455.06 Td (\)) 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 439.75 444.06 Td (\(6,463) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 444.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 444.06 Td (\(6,757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 444.06 Td (\)) 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 (\(8,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 433.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 433.06 Td (\(4,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 433.06 Td (\)) 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 (16,935) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 422.06 Td (13,132) 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 439.75 411.06 Td (\(2,695) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 411.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 411.06 Td (\(5,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 411.06 Td (\)) 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 439.75 400.06 Td (\(9,673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 400.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 400.06 Td (\(9,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 400.06 Td (\)) 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 (407,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 389.06 Td (572,411) 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 (\(310,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 367.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 367.01 Td (\(281,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 367.01 Td (\)) 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 442.75 354.06 Td (4,756) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 354.06 Td (4,886) 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 430.75 343.06 Td (\(109,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 343.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 343.06 Td (\(55,273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 343.06 Td (\)) 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 (1,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 332.06 Td (11,152) 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 (\(413,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 321.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 321.06 Td (\(320,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 321.06 Td (\)) 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 (\(361,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 299.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 299.06 Td (\(393,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 299.06 Td (\)) 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 (\(255,966) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 288.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 288.06 Td (146,885) 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 (\(5,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 266.06 Td (\)) 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 438.25 244.06 Td (11,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.75 244.06 Td (\(260,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 244.06 Td (\)) 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 442.75 233.06 Td (5,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.75 233.06 Td (\(9,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 233.06 Td (\)) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 211.06 Td (34,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 211.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 211.06 Td (5,471) 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 (\(321,085) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 163.01 Td (\)) 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 (\(289,570) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 163.01 Td (\)) 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 438.25 150.06 Td (10,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.75 150.06 Td (8,066) 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 (\(310,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 139.06 Td (\)) 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 (\(281,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 139.06 Td (\)) 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. Magellan Midstream Partners, L.P) Tj ET Q q 0 0 0 rg BT 375.46 600.10 Td (. is a Delaware limited partnership and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 588.10 Td (its limited partner units are traded on the New ) Tj ET Q q 0 0 0 rg BT 248.96 588.10 Td (Y) Tj ET Q q 0 0 0 rg BT 255.18 588.10 Td (ork Stock Exchange under the ticker symbol MMP) Tj ET Q q 0 0 0 rg BT 462.09 588.10 Td (. Magellan GP) Tj ET Q q 0 0 0 rg BT 523.46 588.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 576.10 Td (LLC, a wholly-owned Delaware limited liability company) Tj ET Q q 0 0 0 rg BT 295.34 576.10 Td (, serves as its general partner) Tj ET Q q 0 0 0 rg BT 410.30 576.10 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 (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.49 516.10 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, our condensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 432.10 Td (splitter and storage facilities with an aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.37 432.10 Td (27 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.76 432.10 Td ( barrels, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 420.10 Td (which approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.20 420.10 Td (17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.59 420.10 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 (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.83 599.10 Td (, the results of operations for the three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.44 599.10 Td (six months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.77 599.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.21 599.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.21 599.10 Td ( and cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.88 587.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.55 587.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.37 587.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.20 587.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.64 587.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.64 587.10 Td (. ) Tj ET Q q 0 0 0 rg BT 266.96 587.10 Td (The results of operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.48 587.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 587.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.97 587.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 587.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (are not necessarily indicative of the results to be expected for the full year ending December31, 2017 for several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (reasons. Profits from our butane blending activities are realized lar) Tj ET Q q 0 0 0 rg BT 331.89 563.10 Td (gely during the first and fourth quarters of each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (year) Tj ET Q q 0 0 0 rg BT 79.66 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.60 551.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 136.51 551.10 Td (, gasoline demand, which drives transportation volumes and revenues on our pipeline systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (generally trends higher during the summer driving months. Further) Tj ET Q q 0 0 0 rg BT 333.10 539.10 Td (, the volatility of commodity prices impacts the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (profits from our commodity activities and, to a lesser extent, the volume of petroleum products we transport on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (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 as of 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 three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.53 261.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.20 261.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.03 261.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.86 261.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.30 261.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 261.10 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 313 209.60000000000002 m 359 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 209.60000000000002 m 363 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 209.60000000000002 m 408 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 209.60000000000002 m 459 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 209.60000000000002 m 463 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 209.60000000000002 m 509 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 209.60000000000002 m 359 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 196.60000000000002 m 359 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 209.60000000000002 m 408 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 196.60000000000002 m 408 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 209.60000000000002 m 459 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 196.60000000000002 m 459 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 209.60000000000002 m 509 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 196.60000000000002 m 509 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 196.60000000000002 m 359 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 196.60000000000002 m 408 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 166.60000000000002 m 459 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 166.60000000000002 m 509 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 166.60000000000002 m 359 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 152.60000000000002 m 359 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 150.60000000000002 m 359 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 166.60000000000002 m 408 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 152.60000000000002 m 408 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 150.60000000000002 m 408 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 166.60000000000002 m 459 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 152.60000000000002 m 459 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 150.60000000000002 m 459 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 166.60000000000002 m 509 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 152.60000000000002 m 509 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 150.60000000000002 m 509 150.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.60 221.73 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.90 221.73 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.75 211.73 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.25 211.73 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 200.86 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.50 200.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 200.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 200.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.50 200.83 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 186.06 Td (Physical sale of petroleum products) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 185.86 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.50 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 186.06 Td (135,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 186.06 Td (167,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 186.06 Td (266,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.50 186.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 186.06 Td (384,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 171.06 Td (Change in value of futures contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 170.86 Td (..............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.75 171.06 Td (\(11,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.50 171.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 171.06 Td (14,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 171.06 Td (4,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 171.06 Td (42,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 156.06 Td (Total product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.50 155.86 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.50 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 156.06 Td (123,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 156.06 Td (182,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 156.06 Td (270,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.50 156.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 156.06 Td (427,624) 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 314.85 462.98 Td (Three Months Ended June 30, 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 414.21 Td (247,842) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 414.21 Td (101,340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 414.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 414.21 Td (43,058) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 414.21 Td ($) 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 (392,240) 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 (122,311) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 399.21 Td (\(28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.00 399.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 399.21 Td (1,406) 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 (123,689) 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 268.50 384.21 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 384.21 Td (2,486) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 384.21 Td (358) 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 (2,968) 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 (370,277) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 369.21 Td (103,798) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 369.21 Td (44,822) 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 (518,897) 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 (98,513) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 354.21 Td (20,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 354.21 Td (16,278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 354.21 Td (\(1,163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 354.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 354.21 Td (134,183) 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 257.25 339.21 Td (94,392) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 339.21 Td (1,016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 339.21 Td (295) 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 493.25 339.21 Td (95,703) 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 (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.25 324.21 Td (\(14,711) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.00 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 324.21 Td (\(666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 324.21 Td (\)) 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 (\(15,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 324.21 Td (\)) 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 (177,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 309.21 Td (96,938) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 309.21 Td (28,915) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 309.21 Td (1,163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 309.21 Td (304,350) 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 (24,971) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 294.21 Td (9,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 294.21 Td (8,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 294.21 Td (1,163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 294.21 Td (43,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 281.01 Td (G&A expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.75 281.01 Td (.................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 279.21 Td (20,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 279.21 Td (9,149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 279.21 Td (4,899) 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 (34,554) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 264.21 Td (131,857) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 264.21 Td (78,727) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 264.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 264.21 Td (15,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 264.21 Td ($) 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 (226,494) 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 314.85 656.73 Td (Three Months Ended June 30, 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 (...........) 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 487.96 Td (27,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 487.96 Td (12,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 487.96 Td (8,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 487.96 Td (1,311) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 487.96 Td (48,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 474.76 Td (G&A expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.75 474.76 Td (.................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 472.96 Td (26,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 472.96 Td (11,071) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 472.96 Td (5,602) 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 (43,393) 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 (.....................................) 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0 J 0 j 3 M 348.5 429.5 m 403.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 429.5 m 407.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 429.5 m 462.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 429.5 m 466.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 429.5 m 521.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 395.5 m 285.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 395.5 m 344.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 395.5 m 403.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 395.5 m 462.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 395.5 m 521.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 395.5 m 285.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 395.5 m 344.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 395.5 m 403.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 395.5 m 462.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 395.5 m 521.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 350.5 m 285.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 350.5 m 344.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 350.5 m 403.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 350.5 m 462.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 350.5 m 521.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 350.5 m 285.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 350.5 m 344.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 350.5 m 403.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 350.5 m 462.5 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 290.5 m 285.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 290.5 m 344.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 290.5 m 403.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 290.5 m 462.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 290.5 m 521.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 290.5 m 285.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 290.5 m 344.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 290.5 m 403.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 290.5 m 462.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 245.5 m 285.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 231.5 m 285.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 229.5 m 285.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 245.5 m 344.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 231.5 m 344.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 229.5 m 344.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 245.5 m 403.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 231.5 m 403.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 229.5 m 403.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 245.5 m 462.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 231.5 m 462.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 229.5 m 462.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 245.5 m 521.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 231.5 m 521.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 229.5 m 521.5 229.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 433.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.70 433.73 Td (Six Months Ended June 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 420.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 420.73 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 399.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.15 407.73 Td (Refined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.20 399.73 Td (Products) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.25 399.73 Td (Crude Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 407.73 Td (Marine) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.35 399.73 Td (Storage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.80 407.73 Td (Intersegment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.70 399.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.75 399.73 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 386.76 Td (Transportation and terminals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.25 386.76 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 384.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 384.96 Td (472,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 384.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 384.96 Td (203,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 384.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 384.96 Td (86,655) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 384.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 384.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 384.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 384.96 Td (762,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 371.76 Td (Product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 371.76 Td (....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 369.96 Td (266,227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 369.96 Td (1,715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 369.96 Td (2,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 369.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 369.96 Td (270,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 356.76 Td (Affiliate management fee revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.75 356.76 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 354.96 Td (204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 354.96 Td (5,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 354.96 Td (673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 354.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.75 354.96 Td (6,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 341.76 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 341.76 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 339.96 Td (739,023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 339.96 Td (210,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 339.96 Td (89,637) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 339.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 339.96 Td (1,038,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 326.76 Td (Operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.00 326.76 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 324.96 Td (184,287) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 324.96 Td (41,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 324.96 Td (33,483) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 324.96 Td (\(2,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 324.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 324.96 Td (257,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 311.76 Td (Cost of product sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 311.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 309.96 Td (206,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.75 309.96 Td (2,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 309.96 Td (679) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 309.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 309.96 Td (209,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 296.76 Td (\(Earnings\) losses of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 296.76 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 294.96 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.25 294.96 Td (\(31,690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.00 294.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 294.96 Td (\(1,357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 294.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 294.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.25 294.96 Td (\(32,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 294.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 279.96 Td (Operating margin) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.25 279.76 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 279.96 Td (348,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 279.96 Td (197,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 279.96 Td (56,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 279.96 Td (2,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 279.96 Td (605,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 266.76 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 266.76 Td (.........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 264.96 Td (50,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 264.96 Td (18,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 264.96 Td (15,679) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 264.96 Td (2,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 264.96 Td (87,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 251.76 Td (G&A expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.75 251.76 Td (.................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 249.96 Td (45,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.25 249.96 Td (18,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 249.96 Td (10,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 249.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 249.96 Td (75,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 234.96 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.75 234.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 234.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 234.96 Td (252,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 234.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 234.96 Td (159,882) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 234.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 234.96 Td (30,547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 234.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 234.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 234.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 234.96 Td (443,010) Tj ET Q BT /F1 10.00 Tf ET 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 9.00 Tf ET q 0 0 0 rg BT 63.00 450.00 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 652.5 m 287.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.75 652.5 m 291.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 652.5 m 346.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.75 652.5 m 350.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 652.5 m 405.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.75 652.5 m 409.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 652.5 m 464.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 652.5 m 468.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 652.5 m 523.75 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 618.5 m 287.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 618.5 m 346.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 618.5 m 405.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 618.5 m 464.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 618.5 m 523.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 618.5 m 287.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 618.5 m 346.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 618.5 m 405.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 618.5 m 464.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 618.5 m 523.75 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 573.5 m 287.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 573.5 m 346.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 573.5 m 405.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 573.5 m 464.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 573.5 m 523.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 573.5 m 287.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 573.5 m 346.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 573.5 m 405.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 573.5 m 464.75 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 513.5 m 287.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 513.5 m 346.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 513.5 m 405.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 513.5 m 464.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 513.5 m 523.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 513.5 m 287.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 513.5 m 346.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 513.5 m 405.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 513.5 m 464.75 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 468.5 m 287.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 468.5 m 346.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 468.5 m 405.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 468.5 m 464.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 468.5 m 523.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 468.5 m 287.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 454.5 m 287.75 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 452.5 m 287.75 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 468.5 m 346.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 454.5 m 346.75 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.75 452.5 m 346.75 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 468.5 m 405.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 454.5 m 405.75 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.75 452.5 m 405.75 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 468.5 m 464.75 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 454.5 m 464.75 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.75 452.5 m 464.75 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 454.5 m 523.75 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 452.5 m 523.75 452.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 656.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.95 656.73 Td (Six Months Ended June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 643.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.40 643.73 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 622.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.40 630.73 Td (Refined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.45 622.73 Td (Products) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.50 622.73 Td (Crude Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.05 630.73 Td (Marine) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.60 622.73 Td (Storage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.05 630.73 Td (Intersegment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.95 622.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 622.73 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 609.76 Td (Transportation and terminals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 609.76 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.25 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 607.96 Td (519,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.25 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 607.96 Td (213,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.25 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 607.96 Td (94,201) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.25 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 607.96 Td (\(1,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 607.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 607.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 607.96 Td (825,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 594.76 Td (Product sales revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.25 594.76 Td (....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 592.96 Td (401,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 592.96 Td (22,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 592.96 Td (3,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 592.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 592.96 Td (427,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 579.76 Td (Affiliate management fee revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.00 579.76 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.75 577.96 Td (682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 577.96 Td (6,608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 577.96 Td (690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 577.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 577.96 Td (7,980) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 564.76 Td (Total revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.00 564.76 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 562.96 Td (922,363) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 562.96 Td (242,622) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 562.96 Td (98,116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 562.96 Td (\(1,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 562.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 562.96 Td (1,261,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 549.76 Td (Operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 139.25 549.76 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 547.96 Td (194,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 547.96 Td (58,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 547.96 Td (28,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 547.96 Td (\(4,218) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 547.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 547.96 Td (276,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 534.76 Td (Cost of product sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 534.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 532.96 Td (292,901) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 532.96 Td (21,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 532.96 Td (4,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 532.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 532.96 Td (318,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 519.76 Td (\(Earnings\) losses of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.75 519.76 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.75 517.96 Td (\(533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.25 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.50 517.96 Td (\(45,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 517.96 Td (\(1,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.25 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 517.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 517.96 Td (\(47,022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 517.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 502.96 Td (Operating margin) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 502.76 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 502.96 Td (435,749) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 502.96 Td (207,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 502.96 Td (66,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 502.96 Td (2,631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 502.96 Td (712,799) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 489.76 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 489.76 Td (.........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 487.96 Td (53,971) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 487.96 Td (23,363) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 487.96 Td (16,229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 487.96 Td (2,631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 487.96 Td (96,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.25 474.76 Td (G&A expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 119.00 474.76 Td (.................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 472.96 Td (51,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 472.96 Td (21,110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 472.96 Td (10,943) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 472.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 472.96 Td (83,674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.25 457.96 Td (Operating profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 457.76 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.25 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 457.96 Td (330,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.25 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 457.96 Td (163,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.25 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 457.96 Td (39,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.25 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 457.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 457.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 457.96 Td (532,931) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 414.00 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 414.00 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 196.99 414.00 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 390.00 Td (Our investments in non-controlled entities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.07 390.00 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 390.00 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 161 353.5 m 384 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 353.5 m 459 353.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.30 357.73 Td (Entity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.10 365.73 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.70 357.73 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 342.96 Td (BridgeTex Pipeline Company, LLC \(BridgeTex\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 342.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 327.96 Td (Double Eagle Pipeline LLC \(Double Eagle\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 327.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 312.96 Td (HoustonLink Pipeline Company, LLC \(HoustonLink\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 312.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 297.96 Td (Powder Springs Logistics, LLC \(Powder Springs\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 297.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 282.96 Td (Saddlehorn Pipeline Company, LLC \(Saddlehorn\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 282.96 Td (40%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 267.96 Td (Seabrook Logistics, LLC \(Seabrook\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 267.96 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 252.96 Td (Texas Frontera, LLC \(Texas Frontera\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 252.96 Td (50%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 225.00 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 225.00 Td (e serve as operator of BridgeT) Tj ET Q q 0 0 0 rg BT 219.28 225.00 Td (ex, HoustonLink, Powder Springs, Saddlehorn, ) Tj ET Q q 0 0 0 rg BT 410.47 225.00 Td (T) Tj ET Q q 0 0 0 rg BT 415.88 225.00 Td (exas Frontera and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 213.00 Td (pipeline activities of Seabrook. ) Tj ET Q q 0 0 0 rg BT 192.23 213.00 Td (W) Tj ET Q q 0 0 0 rg BT 200.87 213.00 Td (e receive fees for management services as well as reimbursement or payment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 201.00 Td (us for certain direct operational payroll and other overhead costs. ) Tj ET Q q 0 0 0 rg BT 325.77 201.00 Td (The management fees we have received are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 189.00 Td (reported as af) Tj ET Q q 0 0 0 rg BT 117.23 189.00 Td (filiate management fee revenue on our consolidated statements of income. Cost reimbursements we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 177.00 Td (receive from these entities in connection with our operating services are included as reductions to costs and expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 165.00 Td (on our consolidated statements of income and totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 165.00 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.39 165.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.83 165.00 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.72 165.00 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.54 165.00 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 153.00 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.83 153.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.27 153.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.27 153.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.93 153.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.87 153.00 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.76 153.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.20 153.00 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.09 153.00 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.92 153.00 Td (six months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.24 153.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 141.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.94 141.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.94 141.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 152.60 141.00 Td (.) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 659.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 659.10 Td (e recorded the following revenue from certain of these non-controlled entities in our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (statements of income \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 623.6 m 322.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 623.6 m 326.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 623.6 m 386.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 623.6 m 450.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 623.6 m 454.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 623.6 m 514.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 608.6 m 322.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 608.6 m 386.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 608.6 m 450.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 608.6 m 514.5 608.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.35 627.83 Td (Three Months Ended June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.20 627.83 Td (Six Months Ended June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 612.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 612.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.00 612.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.00 612.83 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 598.06 Td (Transportation and terminals revenue:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.00 583.06 Td (BridgeTex, capacity lease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 583.06 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 583.06 Td (9.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 583.06 Td (17.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 583.06 Td (17.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.00 568.06 Td (Double Eagle, throughput revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 568.06 Td (0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 568.06 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 568.06 Td (1.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 568.06 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.00 553.06 Td (Saddlehorn, storage revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 553.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 553.06 Td (0.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 553.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 553.06 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 525.10 Td (Our consolidated balance sheets reflected the following balances related to our investments in non-controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 513.10 Td (entities \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 489.6 m 322.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 489.6 m 326.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 489.6 m 386.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 489.6 m 450.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 489.6 m 454.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 489.6 m 514.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 460.6 m 322.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 460.6 m 386.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 460.6 m 450.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 460.6 m 514.5 460.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.75 493.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 493.83 Td (June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.25 472.83 Td (Trade Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.55 464.83 Td (Receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.25 472.83 Td (Other Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.55 464.83 Td (Receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.25 472.83 Td (Trade Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.55 464.83 Td (Receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.25 472.83 Td (Other Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.55 464.83 Td (Receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 451.06 Td (Double Eagle) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 451.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 451.06 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 451.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 451.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 451.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 451.06 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 451.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 451.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 437.06 Td (Powder Springs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 437.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 437.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 437.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 437.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 437.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 437.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 437.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 437.06 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 423.06 Td (Saddlehorn) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 423.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 423.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 423.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 423.06 Td (0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 423.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 423.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 423.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 423.06 Td (0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 409.06 Td (BridgeTex) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 409.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 409.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 409.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 409.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 409.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 409.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 409.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 409.06 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 381.10 Td (In addition to the transactions noted above, we incurred char) Tj ET Q q 0 0 0 rg BT 331.96 381.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.62 381.10 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.51 381.10 Td ( for transportation of crude oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 369.10 Td (at published spot tarif) Tj ET Q q 0 0 0 rg BT 149.75 369.10 Td (f rates on the BridgeT) Tj ET Q q 0 0 0 rg BT 236.80 369.10 Td (ex pipeline during the three months ended June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 470.73 369.10 Td (W) Tj ET Q q 0 0 0 rg BT 479.37 369.10 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 357.10 Td (these char) Tj ET Q q 0 0 0 rg BT 103.07 357.10 Td (ges as cost of product sales in our consolidated statements of income. ) Tj ET Q q 0 0 0 rg BT 385.60 357.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.24 357.10 Td (e recognized an af) Tj ET Q q 0 0 0 rg BT 467.07 357.10 Td (filiate payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 345.10 Td (to BridgeT) Tj ET Q q 0 0 0 rg BT 105.91 345.10 Td (ex on our consolidated balance sheets as of June 30, 2017 in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 345.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.39 345.10 Td ( in connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 333.10 Td (with this activity) Tj ET Q q 0 0 0 rg BT 129.57 333.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 309.10 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 347.12 309.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.45 309.10 Td ( pro rata share, up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.14 309.10 Td ($50.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.03 309.10 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 297.10 Td (obligations under Powder Springs) Tj ET Q q 0 0 0 rg BT 201.41 297.10 Td ( credit facility) Tj ET Q q 0 0 0 rg BT 256.85 297.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.80 297.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.30 297.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.13 297.10 Td (, we recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.59 297.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.48 297.10 Td ( other current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 285.10 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 63.00 273.10 Td (to reflect the fair value of this guarantee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 249.10 Td (In February 2016, we transferred a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.33 249.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 249.10 Td ( membership interest in Osage Pipe Line Company) Tj ET Q q 0 0 0 rg BT 453.14 249.10 Td (, LLC \(Osage\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 237.10 Td (an af) Tj ET Q q 0 0 0 rg BT 82.53 237.10 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 63.00 225.10 Td (agreements with af) Tj ET Q q 0 0 0 rg BT 138.90 225.10 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 434.09 225.10 Td ($43.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.98 225.10 Td ( intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 213.10 Td (asset and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.82 213.10 Td ($8.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.71 213.10 Td ( other receivable on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 378.00 213.10 Td (The intangible asset will be amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 201.10 Td (over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.99 201.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.99 201.10 Td (-year life of the contracts received. ) Tj ET Q q 0 0 0 rg BT 252.17 201.10 Td (W) Tj ET Q q 0 0 0 rg BT 260.81 201.10 Td (e recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.05 201.10 Td ($28.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.94 201.10 Td ( non-cash gain in 2016 in relation to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 189.10 Td (this transaction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 165.10 Td (The financial results from ) Tj ET Q q 0 0 0 rg BT 195.89 165.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.30 165.10 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 63.00 153.10 Td (from BridgeT) Tj ET Q q 0 0 0 rg BT 117.57 153.10 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 63.00 141.10 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 63.00 129.10 Td (earnings of non-controlled entities. ) Tj ET Q 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 90.00 659.10 Td (A) Tj ET Q q 0 0 0 rg BT 96.67 659.10 Td ( summary of our investments in non-controlled entities 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 368.5 550.6 m 425.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 474.6 m 425.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 474.6 m 425.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 460.6 m 425.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 458.6 m 425.5 458.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.00 623.05 Td (Investments at December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 622.86 Td (..............) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 623.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.75 623.05 Td (931,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 608.06 Td (Additional investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 607.86 Td (.....................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 608.06 Td (56,085) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 593.06 Td (Earnings of non-controlled entities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 578.06 Td (Proportionate share of earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.75 577.86 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 578.06 Td (48,196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 564.06 Td (Amortization of excess investment and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 555.06 Td (capitalized interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.75 554.86 Td (.................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.75 555.05 Td (\(1,174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.00 555.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.00 540.06 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 539.86 Td (......) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 540.06 Td (47,022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 525.06 Td (Less:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 511.06 Td (Distributions of earnings from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 502.06 Td (investments in non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.25 501.86 Td (...) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 502.06 Td (46,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 488.06 Td (Distributions in excess of earnings of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 479.06 Td (non-controlled entities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 478.86 Td (...........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 479.06 Td (11,152) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.00 464.05 Td (Investments at June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.25 463.86 Td (.......................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 464.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.75 464.05 Td (976,456) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 420.10 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 420.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 391.10 Td (Inventory at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.09 391.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.68 391.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.12 391.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.95 391.10 Td ( was as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.54 391.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 359.6 m 424.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 359.6 m 487.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 359.6 m 424.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 359.6 m 487.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 284.6 m 424.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 270.6 m 424.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 268.6 m 424.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 284.6 m 487.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 270.6 m 487.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 268.6 m 487.5 268.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.25 371.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 363.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.25 371.83 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 363.83 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 349.27 Td (Refined products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 349.17 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 349.27 Td (54,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 349.27 Td (20,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 334.27 Td (Transmix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 334.17 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 334.27 Td (28,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 334.27 Td (35,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 319.27 Td (Liquefied petroleum gases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 319.17 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 319.27 Td (24,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 319.27 Td (43,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 304.27 Td (Crude oil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 304.17 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 304.27 Td (20,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 304.27 Td (13,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 289.27 Td (Additives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 289.17 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 289.27 Td (6,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 289.27 Td (6,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 274.27 Td (Total inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 274.17 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 274.27 Td (134,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 274.27 Td (119,451) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 234.10 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 234.10 Td (Employee Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 210.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 210.10 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 63.00 198.10 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 397.62 198.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.52 198.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.95 198.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.85 198.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 186.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.72 186.10 Td (three months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.36 186.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.80 186.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.80 186.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 306.46 186.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.40 186.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.29 186.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.73 186.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.62 186.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.99 186.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.66 186.10 Td ( months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 174.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.38 174.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.21 174.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.65 174.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 174.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 237.31 174.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 150.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 136.90 150.10 Td (, we sponsor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.68 150.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 150.10 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 63.00 138.10 Td (all non-union employees, and a postretirement benefit plan for selected employees. Net periodic benefit expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 126.10 Td (the three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.14 126.10 Td (six months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.47 126.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.90 126.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.90 126.10 Td ( was as follows \(in thousands\):) 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 9.00 Tf ET q 0 0 0 rg BT 63.00 495.00 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 643.5 m 330.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.75 643.5 m 334.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 643.5 m 392.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 643.5 m 457.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.75 643.5 m 462.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 643.5 m 521.75 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 614.5 m 330.75 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 614.5 m 392.75 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 614.5 m 457.75 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 614.5 m 521.75 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 509.5 m 330.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 495.5 m 330.75 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.75 493.5 m 330.75 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 509.5 m 392.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 495.5 m 392.75 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.75 493.5 m 392.75 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 509.5 m 457.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 495.5 m 457.75 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 493.5 m 457.75 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 509.5 m 521.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 495.5 m 521.75 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.75 493.5 m 521.75 493.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.85 657.58 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 657.58 Td (Three Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 646.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.00 646.58 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.00 646.58 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.25 618.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 626.73 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.45 618.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.10 634.73 Td (Other) Tj ET Q q 0 0 0 rg BT 373.39 634.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.85 626.73 Td (Postr) Tj ET Q q 0 0 0 rg BT 355.92 626.73 Td (etir) Tj ET Q q 0 0 0 rg BT 367.76 626.73 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.45 618.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.90 626.73 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.45 618.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.60 634.73 Td (Other) Tj ET Q q 0 0 0 rg BT 501.89 634.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.35 626.73 Td (Postr) Tj ET Q q 0 0 0 rg BT 484.42 626.73 Td (etir) Tj ET Q q 0 0 0 rg BT 496.26 626.73 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.95 618.73 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.25 605.07 Td (Components of net periodic benefit costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 590.07 Td (Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.75 590.07 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.25 589.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 589.17 Td (4,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.25 589.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 589.17 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.25 589.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 589.17 Td (5,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.25 589.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 589.17 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 575.07 Td (Interest cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.84 579.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.25 575.07 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 574.17 Td (1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 574.17 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 574.17 Td (2,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 574.17 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 560.07 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 207.88 564.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.75 560.07 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.05 559.22 Td (\(2,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 559.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.05 559.22 Td (\(2,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.90 559.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 545.07 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 228.42 549.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.75 545.07 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 544.22 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 544.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 544.22 Td (\(929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 544.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.55 544.22 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.90 544.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 544.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 530.07 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 205.38 534.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.25 530.07 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 529.17 Td (1,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 529.17 Td (185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 529.17 Td (1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 529.17 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.25 515.07 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 147.63 519.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.75 515.07 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 514.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 514.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.90 514.17 Td (361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 514.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.25 500.07 Td (Net periodic benefit cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.75 500.07 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.25 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.40 499.17 Td (5,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.25 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 499.22 Td (\(572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.25 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 499.17 Td (7,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.25 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 499.17 Td (389) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 310.00 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 462.5 m 331 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 462.5 m 335 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 462.5 m 393 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 462.5 m 458 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 462.5 m 463 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 462.5 m 522 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 433.5 m 331 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 462.5 m 393 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 433.5 m 393 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 433.5 m 458 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 462.5 m 522 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 433.5 m 522 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 328.5 m 331 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 314.5 m 331 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 312.5 m 331 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 328.5 m 393 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 314.5 m 393 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 312.5 m 393 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 328.5 m 458 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 314.5 m 458 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 312.5 m 458 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 328.5 m 522 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 314.5 m 522 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 312.5 m 522 312.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.90 476.58 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.90 476.58 Td (Six Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 465.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.25 465.58 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 465.58 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 437.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.15 445.73 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.70 437.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.35 453.73 Td (Other) Tj ET Q q 0 0 0 rg BT 373.64 453.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.10 445.73 Td (Postr) Tj ET Q q 0 0 0 rg BT 356.17 445.73 Td (etir) Tj ET Q q 0 0 0 rg BT 368.01 445.73 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.70 437.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.15 445.73 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.70 437.73 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.85 453.73 Td (Other) Tj ET Q q 0 0 0 rg BT 502.14 453.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.60 445.73 Td (Postr) Tj ET Q q 0 0 0 rg BT 484.67 445.73 Td (etir) Tj ET Q q 0 0 0 rg BT 496.51 445.73 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.20 437.73 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 424.07 Td (Components of net periodic benefit costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 409.07 Td (Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 409.07 Td (....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 408.17 Td (9,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 408.17 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.50 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 408.17 Td (10,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 408.17 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 394.07 Td (Interest cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.09 398.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 394.07 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 393.17 Td (3,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 393.17 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 393.17 Td (4,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 393.17 Td (245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 379.07 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 210.13 383.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.50 379.07 Td (....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 378.22 Td (\(4,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 378.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 378.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 378.22 Td (\(5,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 378.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 378.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 364.07 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 230.67 368.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.50 364.07 Td (............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 363.22 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 363.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.30 363.22 Td (\(1,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 363.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.80 363.22 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 363.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 363.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 349.07 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 207.63 353.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 349.07 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 348.17 Td (2,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 348.17 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 348.17 Td (2,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 348.17 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 334.07 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 149.88 338.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 334.07 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 333.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 333.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 333.17 Td (1,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 333.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 319.07 Td (Net periodic benefit cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 319.07 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 318.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 318.17 Td (10,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 318.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.30 318.22 Td (\(1,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 318.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.50 318.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 318.17 Td (14,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 318.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 318.17 Td (776) 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 72.00 294.43 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.66 290.80 Td (Upon adoption of ) Tj ET Q q 0 0 0 rg BT 138.66 290.80 Td (ASU 2017-07, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.33 290.80 Td (Compensation-Retir) Tj ET Q q 0 0 0 rg BT 251.91 290.80 Td (ement Benefits \(T) Tj ET Q q 0 0 0 rg BT 307.16 290.80 Td (opic 715\): Impr) Tj ET Q q 0 0 0 rg BT 357.52 290.80 Td (oving the Pr) Tj ET Q q 0 0 0 rg BT 396.77 290.80 Td (esentation of Net Periodic Pension Cost ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 81.00 281.20 Td (and Net Periodic Postr) Tj ET Q q 0 0 0 rg BT 154.70 281.20 Td (etir) Tj ET Q q 0 0 0 rg BT 165.51 281.20 Td (ement Benefit Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.94 281.20 Td (, these components of net periodic benefit cost \(credit\) are reported on the consolidated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 271.60 Td (statements of income as other expense \(income\). See Note 1 ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.82 271.60 Td (Or) Tj ET Q q 0 0 0 rg BT 292.42 271.60 Td (ganization, Description of Business and Basis of Pr) Tj ET Q q 0 0 0 rg BT 457.46 271.60 Td (esentation - New ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 81.00 262.00 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 127.14 262.00 Td (onouncements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.90 262.00 Td (for further details about this accounting change.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 647.10 Td (The changes in ) Tj ET Q q 0 0 0 rg BT 147.98 647.10 Td (AOCL) Tj ET Q q 0 0 0 rg BT 174.83 647.10 Td ( related to employee benefit plan assets and benefit obligations for the three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.94 647.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.61 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.33 635.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.16 635.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.59 635.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.59 635.10 Td ( were 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 280 600.6 m 338 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 600.6 m 342 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 600.6 m 400 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 600.6 m 462 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 600.6 m 466 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 600.6 m 524 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 573.6 m 338 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 573.6 m 400 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 600.6 m 462 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 573.6 m 462 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 600.6 m 466 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 600.6 m 524 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 573.6 m 524 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 573.6 m 338 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 573.6 m 400 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 573.6 m 462 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 573.6 m 524 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 513.6 m 338 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 499.6 m 338 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 497.6 m 338 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 513.6 m 400 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 499.6 m 400 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 497.6 m 400 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 513.6 m 462 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 499.6 m 462 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 497.6 m 462 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 513.6 m 524 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 499.6 m 524 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 497.6 m 524 497.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.10 616.68 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.10 616.68 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.25 604.68 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 604.68 Td (June 30, 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 71.5 576.6463378906251 m 200.78466796875 576.6463378906251 l s q 0 0 0 rg BT 71.50 578.05 Td (Gains \(Losses\) Included in AOCL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.15 585.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.70 577.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.35 592.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.10 584.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 576.68 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.15 585.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.70 577.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.35 592.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.10 584.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.70 576.68 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 563.27 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 563.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 563.32 Td (\(61,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 563.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 563.32 Td (\(4,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 563.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 563.32 Td (\(56,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 563.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 563.32 Td (\(7,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 563.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 548.27 Td (Amortization of prior service credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 548.17 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 548.32 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 548.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 548.32 Td (\(929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 548.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 548.32 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 548.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 548.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 533.27 Td (Amortization of actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 533.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 533.27 Td (1,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 533.27 Td (185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 533.27 Td (1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 533.27 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 518.27 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 518.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 518.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 518.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 518.27 Td (361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 518.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 503.27 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 503.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 503.32 Td (\(60,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 503.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 503.32 Td (\(5,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 503.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 503.32 Td (\(54,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 503.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 503.32 Td (\(7,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 503.27 Td (\)) 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 280 464.6 m 338 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 464.6 m 342 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 464.6 m 400 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 464.6 m 462 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 464.6 m 466 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 464.6 m 524 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 437.6 m 338 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 437.6 m 400 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 464.6 m 462 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 437.6 m 462 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 464.6 m 466 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 464.6 m 524 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 437.6 m 524 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 437.6 m 338 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 437.6 m 400 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 437.6 m 462 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 437.6 m 524 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 377.6 m 338 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 363.6 m 338 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 361.6 m 338 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 377.6 m 400 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 363.6 m 400 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 361.6 m 400 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 377.6 m 462 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 363.6 m 462 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 361.6 m 462 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 377.6 m 524 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 363.6 m 524 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 361.6 m 524 361.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 480.68 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.90 480.68 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.25 468.68 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 468.68 Td (June 30, 2017) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 71.5 440.71259765625 m 215.14990234375 440.71259765625 l s q 0 0 0 rg BT 71.50 442.28 Td (Gains \(Losses\) Included in AOCL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.15 449.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.70 441.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.35 456.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.10 448.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 440.68 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.15 449.83 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.70 441.83 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.35 456.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.10 448.68 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.70 440.68 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 427.27 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 427.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 427.32 Td (\(62,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 427.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 427.32 Td (\(3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 427.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 427.32 Td (\(58,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 427.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 427.32 Td (\(7,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 427.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 412.27 Td (Amortization of prior service credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 412.17 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 412.32 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 412.32 Td (\(1,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 412.32 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 412.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 397.27 Td (Amortization of actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 397.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 397.27 Td (2,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 397.27 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 397.27 Td (2,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 397.27 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 382.27 Td (Settlement cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 382.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 382.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 382.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 382.27 Td (1,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 382.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 367.27 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 367.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 367.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 367.32 Td (\(60,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 367.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 367.32 Td (\(5,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 367.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 367.32 Td (\(54,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 367.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 367.32 Td (\(7,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 335.10 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 329.63 335.10 Td ($26.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.52 335.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.96 335.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.85 335.10 Td ( for the pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 323.10 Td (and other postretirement benefit plans, respectively) Tj ET Q q 0 0 0 rg BT 267.28 323.10 Td (.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 642.25 Td (Long-term debt at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.20 642.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.78 642.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.22 642.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.05 642.25 Td ( 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 450 610.75 m 527 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 610.75 m 446 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 610.75 m 527 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 467.75 m 446 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 467.75 m 527 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 467.75 m 446 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 467.75 m 527 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 415.75 m 446 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 415.75 m 527 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 415.75 m 446 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 403.75 m 446 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 401.75 m 446 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 415.75 m 527 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 403.75 m 527 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 401.75 m 527 401.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.50 615.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.75 622.98 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 614.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.75 622.98 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 614.98 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 601.32 Td (Commercial paper) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 601.32 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 601.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 601.32 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 601.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 601.32 Td (197,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 588.32 Td (6.40% Notes due 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 588.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 588.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 588.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 575.32 Td (6.55% Notes due 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 575.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 575.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 575.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 562.32 Td (4.25% Notes due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 562.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 562.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 562.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 549.32 Td (3.20% Notes due 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 549.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 549.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 549.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 536.32 Td (5.00% Notes due 2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 536.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 536.32 Td (650,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 536.32 Td (650,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 523.32 Td (6.40% Notes due 2037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 523.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 523.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 523.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 510.32 Td (4.20% Notes due 2042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 510.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 510.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 510.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 497.32 Td (5.15% Notes due 2043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 497.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 497.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 497.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 484.32 Td (4.20% Notes due 2045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 484.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 484.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 484.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 471.32 Td (4.25% Notes due 2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 471.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 471.32 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 471.32 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 458.32 Td (Face value of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.00 458.32 Td (...............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 458.32 Td (4,100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 458.32 Td (4,247,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 445.32 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 199.30 449.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 445.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 445.37 Td (\(26,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 445.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.30 445.37 Td (\(25,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 445.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 432.32 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 193.74 436.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.50 432.32 Td (................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 432.32 Td (6,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 432.32 Td (4,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 419.32 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 334.80 423.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 419.32 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 419.32 Td (7,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 419.32 Td (5,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 406.32 Td (Long-term debt, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.50 406.32 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 406.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 406.32 Td (4,087,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 406.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 406.32 Td (4,231,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 63.00 382.25 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 72.00 375.25 Td (notes over the respective lives of those notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 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 85.50 320.25 Td (Revolving Cr) Tj ET Q q 0 0 0 rg BT 138.17 320.25 Td (edit Facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.43 320.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.38 320.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.88 320.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.71 320.25 Td (, the total borrowing capacity under our revolving credit facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 308.25 Td (with a maturity date of October 27, 2020 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.84 308.25 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.96 308.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.90 308.25 Td (Any borrowings outstanding under this facility are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 296.25 Td (classified as long-term debt on our consolidated balance sheets. Borrowings under this facility are unsecured and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 284.25 Td (bear interest at LIBOR plus a spread ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.55 284.25 Td (1.000%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.38 284.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.16 284.25 Td (1.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.99 284.25 Td ( based on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 456.52 284.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 506.42 284.25 Td (, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 272.25 Td (unused commitment fee is assessed at a rate between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.09 272.25 Td (0.100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.92 272.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.36 272.25 Td (0.275%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.19 272.25 Td ( depending on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 492.98 272.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 260.25 Td (unused commitment fee was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.64 260.25 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.47 260.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.68 260.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.51 260.25 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 63.00 248.25 Td (partnership purposes, including capital expenditures. ) Tj ET Q q 0 0 0 rg BT 276.00 248.25 Td (As of both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.72 248.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.31 248.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.75 248.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.58 248.25 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 236.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 236.25 Td ( borrowings outstanding under this facility) Tj ET Q q 0 0 0 rg BT 242.60 236.25 Td (, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.88 236.25 Td ($6.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.77 236.25 Td ( obligated for letters of credit. ) Tj ET Q q 0 0 0 rg BT 440.62 236.25 Td (Amounts obligated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 224.25 Td (for letters of credit are not reflected as debt on our consolidated balance sheets, but decrease our borrowing capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 212.25 Td (under this facility) Tj ET Q q 0 0 0 rg BT 132.89 212.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 188.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 188.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.83 188.25 Td (, the total borrowing capacity under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.89 188.25 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.89 188.25 Td (-day credit facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.29 188.25 Td ($250.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.19 188.25 Td (. ) Tj ET Q q 0 0 0 rg BT 490.50 188.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 176.25 Td (maturity date of this credit facility is October 19, 2017. ) Tj ET Q q 0 0 0 rg BT 288.22 176.25 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 63.00 164.25 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 63.00 152.25 Td (plus a spread ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.69 152.25 Td (1.000%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.52 152.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.30 152.25 Td (1.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.13 152.25 Td ( based on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 362.66 152.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 412.56 152.25 Td (, an unused commitment fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 140.25 Td (is assessed at a rate between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.51 140.25 Td (0.080%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.34 140.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.78 140.25 Td (0.225%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.61 140.25 Td ( depending on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 394.39 140.25 Td (The unused commitment fee was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 128.25 Td (0.100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.83 128.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 128.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 128.25 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 63.00 116.25 Td (capital expenditures. ) Tj ET Q q 0 0 0 rg BT 150.19 116.25 Td (As of both December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.94 116.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.77 116.25 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.18 116.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.18 116.25 Td ( borrowings outstanding under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 104.25 Td (this facility) Tj ET Q q 0 0 0 rg BT 107.62 104.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 80.25 Td (Commer) Tj ET Q q 0 0 0 rg BT 119.57 80.25 Td (cial Paper Pr) Tj ET Q q 0 0 0 rg BT 173.63 80.25 Td (ogram. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.25 80.25 Td (W) Tj ET Q q 0 0 0 rg BT 215.89 80.25 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 68.25 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 68.25 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.13 68.25 Td ( revolving credit facility) Tj ET Q q 0 0 0 rg BT 461.39 68.25 Td (. ) Tj ET Q q 0 0 0 rg BT 468.71 68.25 Td (The maturities ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (of the commercial paper notes vary) Tj ET Q q 0 0 0 rg BT 203.68 659.10 Td (, but may not exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.21 659.10 Td (397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.21 659.10 Td ( days from the date of issuance. Because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 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 450.55 647.10 Td (, amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (outstanding under the program are classified as long-term debt. ) Tj ET Q q 0 0 0 rg BT 320.80 635.10 Td (The commercial paper notes are sold under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 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 408.03 623.10 Td (, or alternatively) Tj ET Q q 0 0 0 rg BT 473.19 623.10 Td (, are sold at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (par and bear varying interest rates on a fixed or floating basis. ) Tj ET Q q 0 0 0 rg BT 315.51 611.10 Td (The weighted-average interest rate for commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 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 320.17 599.10 Td (0.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 599.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.46 599.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.04 599.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (1.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.83 587.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.21 587.10 Td (six months ended June 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.53 587.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 551.10 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 85.5 525.7669921875 m 185.0947265625 525.7669921875 l s q 0 0 0 rg BT 85.50 527.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 104.57 527.10 Td (est Rate Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 503.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 503.10 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 63.00 491.10 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 63.00 479.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 105.50 479.10 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 63.00 467.10 Td (historic hedging relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 443.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 443.10 Td (e have entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.93 443.10 Td ($100.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.83 443.10 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 63.00 431.10 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 450.23 431.10 Td (The fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 419.10 Td (these contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.36 419.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.19 419.10 Td ( were recorded on our balance sheets as other current assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.75 419.10 Td ($12.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.64 419.10 Td (, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 407.10 Td (the of) Tj ET Q q 0 0 0 rg BT 85.87 407.10 Td (fset recorded to other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 273.39 407.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.03 407.10 Td (e account for these agreements as cash flow hedges.) 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 85.5 381.7669921875 m 180.2021484375 381.7669921875 l s q 0 0 0 rg BT 85.50 383.10 Td (Commodity Derivatives) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 359.10 Td (Hedging Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 335.10 Td (Our butane blending activities produce gasoline, and we can reasonably estimate the timing and quantities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 323.10 Td (sales of these products. ) Tj ET Q q 0 0 0 rg BT 158.07 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.71 323.10 Td (e use a combination of exchange-based commodities futures contracts and forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 311.10 Td (purchase and sale contracts to help manage commodity price changes and mitigate the risk of decline in the product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 299.10 Td (mar) Tj ET Q q 0 0 0 rg BT 78.37 299.10 Td (gin realized from our butane blending activities. Further) Tj ET Q q 0 0 0 rg BT 304.84 299.10 Td (, certain of our other commercial operations generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 287.10 Td (petroleum products, and we also use futures contracts to hedge against price changes for some of these commodities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 263.10 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 63.00 251.10 Td (accounted for using traditional accrual accounting. ) 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 (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 64.5 634.6 m 168.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 634.6 m 332.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 634.6 m 528.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 620.6 m 168.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 620.6 m 172.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 620.6 m 332.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 620.6 m 336.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 620.6 m 528.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 516.6 m 168.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 516.6 m 172.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 516.6 m 332.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 516.6 m 336.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 516.6 m 528.5 516.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.30 638.83 Td (Hedge Category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.10 638.83 Td (Hedge Purpose) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.65 638.83 Td (Accounting Treatment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.50 624.83 Td (Qualifies For Hedge Accounting Treatment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 612.55 Td ( Cash Flow Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 612.55 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 175.00 604.55 Td (a forecasted transaction.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 612.55 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 339.00 604.55 Td (hedge is recorded to accumulated other comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 596.55 Td (income/loss and reclassified to earnings when the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 588.55 Td (forecasted transaction occurs. Any ineffectiveness is) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 580.55 Td (recognized currently in earnings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 568.55 Td ( Fair Value Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 568.55 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 175.00 560.55 Td (recognized asset or liability.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 568.55 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 339.00 560.55 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 339.00 552.55 Td (being hedged. Any ineffectiveness and amounts excluded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 544.55 Td (from the assessment of hedge effectiveness are) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 536.55 Td (recognized currently in earnings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.50 520.83 Td (Does Not Qualify For Hedge Accounting Treatment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 508.55 Td ( Economic Hedge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 508.55 Td (T) Tj ET Q q 0 0 0 rg BT 179.33 508.55 Td (o ef) Tj ET Q q 0 0 0 rg BT 191.40 508.55 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 175.00 500.55 Td (cash flow hedge; however) Tj ET Q q 0 0 0 rg BT 258.43 500.55 Td (, the derivative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 492.55 Td (agreement does not qualify for hedge ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 484.55 Td (accounting treatment under ) Tj ET Q q 0 0 0 rg BT 264.08 484.55 Td (Accounting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 476.55 Td (Standards Codification \(ASC\) 815, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 175.00 468.55 Td (Derivatives and Hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.43 468.55 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 508.55 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 339.00 500.55 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 85.50 442.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.05 442.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.72 442.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.54 442.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.37 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.81 442.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.81 442.10 Td (, none of the commodity hedging contracts we entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 430.10 Td (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 85.50 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 406.10 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 63.00 394.10 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 63.00 382.10 Td (these agreements are recognized currently in earnings as adjustments to product sales revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 358.10 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 63.00 346.10 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 63.00 334.10 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 85.50 310.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.40 310.10 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 63.00 298.10 Td (other noncurrent assets on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 301.35 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 309.99 298.10 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 63.00 286.10 Td (fair value of these assets. ) Tj ET Q q 0 0 0 rg BT 168.06 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 176.70 286.10 Td (e record the ef) Tj ET Q q 0 0 0 rg BT 233.98 286.10 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 63.00 274.10 Td (value hedges as adjustments to the asset being hedged and the inef) Tj ET Q q 0 0 0 rg BT 328.58 274.10 Td (fective portions as well as amounts excluded from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 262.10 Td (the assessment of hedge ef) Tj ET Q q 0 0 0 rg BT 169.45 262.10 Td (fectiveness as adjustments to other \(income\) or expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (As outlined in the table below) Tj ET Q q 0 0 0 rg BT 205.10 238.10 Td (, our open futures contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.45 238.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.28 238.10 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 101 206.60000000000002 m 236 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 206.60000000000002 m 375 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 206.60000000000002 m 519 206.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 218.83 Td (Type of Contract/Accounting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.55 210.83 Td (Methodology) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.15 218.83 Td (Product Represented by the Contract) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.95 210.83 Td (and Associated Barrels) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.35 210.83 Td (Maturity Dates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 198.55 Td (Futures - Fair Value Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 198.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 198.55 Td (0.7 million barrels of crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.50 198.55 Td (...............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 198.55 Td (November 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 185.55 Td (Futures - Economic Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 185.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 185.55 Td (4.6 million barrels of refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 177.55 Td (and crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.50 177.55 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 176.85 Td (Between July 2017 and April 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 164.55 Td (Futures - Economic Hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.50 164.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 164.55 Td (1.4 million barrels of butane) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.50 164.55 Td (...................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 163.85 Td (Between September 2017 and April 2018) Tj ET Q BT /F1 10.00 Tf ET 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 85.50 659.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 104.57 659.10 Td (gy Commodity Derivatives Contracts and Deposits Offsets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 635.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 635.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.58 635.10 Td (, we had made mar) Tj ET Q q 0 0 0 rg BT 252.20 635.10 Td (gin deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.59 635.10 Td ($49.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.48 635.10 Td ( for our future contracts with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (counterparties, which were recorded as current assets under ener) Tj ET Q q 0 0 0 rg BT 320.75 623.10 Td (gy commodity derivatives deposits on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 611.10 Td (consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 180.46 611.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.96 611.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.79 611.10 Td (, we had made mar) Tj ET Q q 0 0 0 rg BT 324.41 611.10 Td (gin deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 611.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.69 611.10 Td ( for our future contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.10 Td (with one of our counterparties, which were recorded as current assets under ener) Tj ET Q q 0 0 0 rg BT 384.63 599.10 Td (gy commodity derivatives deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 206.29 587.10 Td (Additionally at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.06 587.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.89 587.10 Td (, we had received mar) Tj ET Q q 0 0 0 rg BT 412.72 587.10 Td (gin deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.10 587.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.00 587.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.10 Td (for our future contracts with a second counterparty) Tj ET Q q 0 0 0 rg BT 265.33 575.10 Td (, which were recorded as current liabilities under ener) Tj ET Q q 0 0 0 rg BT 480.33 575.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.10 Td (commodity derivatives deposits on our consolidated balance sheets.W) Tj ET Q q 0 0 0 rg BT 342.68 563.10 Td (e have the right to of) Tj ET Q q 0 0 0 rg BT 425.53 563.10 Td (fset the combined fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.10 Td (values of our open futures contracts against our mar) Tj ET Q q 0 0 0 rg BT 270.53 551.10 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 63.00 539.10 Td (counterparty; however) Tj ET Q q 0 0 0 rg BT 152.84 539.10 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 63.00 527.10 Td (from the related mar) Tj ET Q q 0 0 0 rg BT 144.72 527.10 Td (gin deposits on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 338.57 527.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 388.47 527.10 Td (, we have the right to of) Tj ET Q q 0 0 0 rg BT 483.54 527.10 Td (fset the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (values of our futures contracts together for each counterparty) Tj ET Q q 0 0 0 rg BT 306.69 515.10 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 63.00 503.10 Td (combined net balances on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 299.87 503.10 Td (A) Tj ET Q q 0 0 0 rg BT 306.54 503.10 Td ( schedule of the derivative amounts we have of) Tj ET Q q 0 0 0 rg BT 494.62 503.10 Td (fset and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td (the deposit amounts we could of) Tj ET Q q 0 0 0 rg BT 192.52 491.10 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 454.91 491.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 479.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.44 479.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.27 479.10 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 206.25 455.6 m 268.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 455.6 m 272.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 455.6 m 336.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 455.6 m 340.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 455.6 m 404.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 455.6 m 408.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 455.6 m 472.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 455.6 m 476.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 455.6 m 530.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.25 410.6 m 202.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 455.6 m 268.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 410.6 m 268.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 455.6 m 272.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 455.6 m 336.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 410.6 m 336.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 455.6 m 340.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 455.6 m 404.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 410.6 m 404.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 455.6 m 408.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 455.6 m 472.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 410.6 m 472.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 455.6 m 476.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 455.6 m 530.25 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 410.6 m 530.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 410.6 m 268.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 396.6 m 268.25 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 394.6 m 268.25 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 410.6 m 336.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 396.6 m 336.25 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 394.6 m 336.25 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 396.6 m 404.25 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 394.6 m 404.25 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 410.6 m 472.25 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 396.6 m 472.25 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 394.6 m 472.25 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 396.6 m 530.25 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 394.6 m 530.25 394.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 459.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 123.45 414.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.45 430.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.85 422.83 Td (of Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.60 414.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.45 446.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.95 438.83 Td (of Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 430.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.30 422.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 414.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.05 446.83 Td (Net Amounts of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.60 438.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 430.83 Td (Presented in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 422.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 414.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 446.83 Td (Margin Deposit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 438.83 Td (Amounts Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.60 430.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.30 422.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 414.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.85 422.83 Td (Net ) Tj ET Q q 0 0 0 rg BT 500.40 422.83 Td (Asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 414.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 513.70 418.46 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.75 399.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.75 399.55 Td (......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.75 399.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.35 399.85 Td (\(36,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.05 399.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.75 399.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.05 399.85 Td (6,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.75 399.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.35 399.85 Td (\(30,738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.05 399.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.75 399.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.05 399.85 Td (49,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 399.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 399.85 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 206.25 368.6 m 268.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 368.6 m 272.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 368.6 m 336.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 368.6 m 340.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 368.6 m 404.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 368.6 m 408.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 368.6 m 472.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 368.6 m 476.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 368.6 m 530.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.25 323.6 m 202.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 368.6 m 268.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 323.6 m 268.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.25 368.6 m 272.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 368.6 m 336.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 323.6 m 336.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.25 368.6 m 340.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 368.6 m 404.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 323.6 m 404.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.25 368.6 m 408.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 368.6 m 472.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 323.6 m 472.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 368.6 m 476.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 368.6 m 530.25 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 323.6 m 530.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 323.6 m 268.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 309.6 m 268.25 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.25 307.6 m 268.25 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 323.6 m 336.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 309.6 m 336.25 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.25 307.6 m 336.25 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 309.6 m 404.25 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.25 307.6 m 404.25 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 323.6 m 472.25 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 309.6 m 472.25 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 307.6 m 472.25 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 309.6 m 530.25 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 307.6 m 530.25 307.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.50 372.83 Td (June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 123.45 327.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.45 343.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.85 335.83 Td (of Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.05 327.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.45 359.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.30 351.83 Td (of Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 343.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.30 335.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 327.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.05 359.83 Td (Net Amounts of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.05 351.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 343.83 Td (Presented in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 335.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 327.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 359.83 Td (Margin Deposit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 351.83 Td (Amounts Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.60 343.83 Td (Offset in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.30 335.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 327.83 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.85 335.83 Td (Net ) Tj ET Q q 0 0 0 rg BT 500.40 335.83 Td (Asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 327.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 513.70 331.46 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.75 312.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.75 312.55 Td (......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.75 312.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.05 312.85 Td (8,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.75 312.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.35 312.85 Td (\(3,808) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.05 312.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.75 312.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.05 312.85 Td (4,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.75 312.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.05 312.85 Td (4,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 312.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.05 312.85 Td (8,623) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 292.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 99.00 292.50 Td (Amount represents the maximum loss we would incur if all of our counterparties failed to perform on their derivative contracts.) Tj ET Q 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 87 267.1669921875 m 291.9609375 267.1669921875 l s q 0 0 0 rg BT 87.00 268.50 Td (Impact of Derivatives on Our Financial Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 244.50 Td (Compr) Tj ET Q q 0 0 0 rg BT 114.41 244.50 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 220.50 Td (The changes in derivative activity included in ) Tj ET Q q 0 0 0 rg BT 271.66 220.50 Td (AOCL) Tj ET Q q 0 0 0 rg BT 298.51 220.50 Td ( for the three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.31 220.50 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.98 220.50 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.81 220.50 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.64 220.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 208.50 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 208.50 Td ( were as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.85 107.50 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 176 m 348.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.6 176 m 352.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 176 m 407.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 176 m 465.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.6 176 m 469.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 176 m 523.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 176 m 348.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 163 m 348.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 176 m 407.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 163 m 407.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 176 m 465.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 163 m 465.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 176 m 523.6 176 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 163 m 523.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 163 m 348.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 163 m 407.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 163 m 465.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 163 m 523.6 163 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 120 m 348.6 120 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 120 m 407.6 120 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 108 m 348.6 108 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.6 106 m 348.6 106 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 108 m 407.6 108 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.6 106 m 407.6 106 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 120 m 465.6 120 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 108 m 465.6 108 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.6 106 m 465.6 106 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 120 m 523.6 120 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 108 m 523.6 108 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.6 106 m 523.6 106 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.20 190.08 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 190.08 Td (Six Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.10 178.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.35 179.08 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.85 179.08 Td (June 30,) 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 74.1 165.98007812499998 m 199.223046875 165.98007812499998 l s q 0 0 0 rg BT 74.10 167.23 Td (Derivative Losses Included in AOCL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.10 167.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.60 167.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.10 167.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.10 167.23 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.10 154.25 Td (Beginning balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.10 153.95 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 154.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.70 154.25 Td (\(42,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.40 154.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.10 154.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.70 154.25 Td (\(32,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.40 154.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 154.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.70 154.25 Td (\(30,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.40 154.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 154.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.70 154.25 Td (\(34,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.40 154.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.10 139.25 Td (Net gain \(loss\) on cash flow hedges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.10 138.95 Td (.................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.70 139.25 Td (\(8,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.40 139.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.70 139.25 Td (\(2,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.40 139.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.70 139.25 Td (\(21,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.40 139.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.70 139.25 Td (\(1,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.40 139.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.10 124.25 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 261.10 123.95 Td (.............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.40 124.25 Td (388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.40 124.25 Td (739) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.40 124.25 Td (776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.40 124.25 Td (1,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.10 111.25 Td (Ending balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.10 110.95 Td (.................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 111.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.70 111.25 Td (\(50,459) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.40 111.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.10 111.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.70 111.25 Td (\(34,804) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.40 111.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 111.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.70 111.25 Td (\(50,459) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.40 111.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 111.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.70 111.25 Td (\(34,804) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.40 111.25 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 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 /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 659.10 Td (Income Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 638.10 Td (The following tables provide a summary of the ef) Tj ET Q q 0 0 0 rg BT 283.60 638.10 Td (fect on our consolidated statements of income for the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 626.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.94 626.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.61 626.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.43 626.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.26 626.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.70 626.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.70 626.10 Td ( of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 389.31 626.10 Td (ASC 815-30, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.60 626.10 Td (Derivatives and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 614.10 Td (HedgingCash Flow Hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.44 614.10 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 176.5 590.6 m 198.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 590.6 m 238.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 590.6 m 260.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 590.6 m 264.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 590.6 m 342.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 590.6 m 346.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 590.6 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 410.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 590.6 m 437.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 590.6 m 441.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 590.6 m 465.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 590.6 m 505.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 590.6 m 524.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 565.6 m 370.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 565.6 m 410.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 565.6 m 437.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 565.6 m 441.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 565.6 m 465.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 565.6 m 505.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 565.6 m 524.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 551.6 m 172.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 551.6 m 198.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 551.6 m 238.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 551.6 m 260.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 551.6 m 342.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 551.6 m 370.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 551.6 m 410.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 551.6 m 437.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 551.6 m 465.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 551.6 m 505.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 551.6 m 524.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 551.6 m 238.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 539.6 m 238.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 537.6 m 238.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 551.6 m 410.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 539.6 m 410.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 537.6 m 410.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 551.6 m 505.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 539.6 m 505.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 537.6 m 505.5 537.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.35 594.83 Td (Three Months Ended June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.85 571.83 Td (Amount of Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.10 563.83 Td (Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.65 555.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.75 579.83 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.75 571.83 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.80 563.83 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.30 555.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.65 577.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.15 569.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.35 555.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 555.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 555.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 542.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 542.55 Td (.................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 542.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.60 542.85 Td (\(8,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.30 542.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 542.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 542.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 542.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 542.85 Td (\(388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 542.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.00 542.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 542.85 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 515.6 m 197.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 515.6 m 237.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 515.6 m 259.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 515.6 m 263.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 515.6 m 341.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 515.6 m 345.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 515.6 m 369.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 515.6 m 409.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 515.6 m 437.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 515.6 m 441.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 515.6 m 466.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 515.6 m 505.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 515.6 m 524.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 494.6 m 369.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 494.6 m 409.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 494.6 m 437.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 494.6 m 441.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 494.6 m 466.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 494.6 m 505.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 494.6 m 524.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 481.6 m 171.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 481.6 m 197.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 481.6 m 237.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 481.6 m 259.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 481.6 m 341.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 481.6 m 369.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 481.6 m 409.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 481.6 m 437.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 481.6 m 466.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 481.6 m 505.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 481.6 m 524.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 481.6 m 237.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 469.6 m 237.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 467.6 m 237.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 481.6 m 409.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 469.6 m 409.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 467.6 m 409.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 481.6 m 505.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 469.6 m 505.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 467.6 m 505.5 467.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 519.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.85 519.83 Td (Three Months Ended June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.85 501.83 Td (Amount of Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.10 493.83 Td (Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.65 485.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.75 507.68 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.75 499.68 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.80 491.68 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.30 483.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.15 506.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.65 498.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.85 485.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 485.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 485.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 472.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 136.00 472.55 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.00 472.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.60 472.85 Td (\(2,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 472.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 472.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 472.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 472.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 472.85 Td (\(739) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 472.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 472.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 472.85 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 175.5 445.6 m 198.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 445.6 m 238.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 445.6 m 260.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 445.6 m 264.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 445.6 m 342.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 445.6 m 346.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 445.6 m 370.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 445.6 m 411.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 445.6 m 435.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 445.6 m 439.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 445.6 m 463.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 445.6 m 501.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 445.6 m 525.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 424.6 m 370.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 424.6 m 411.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 424.6 m 435.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 424.6 m 439.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 424.6 m 463.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 424.6 m 501.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 424.6 m 525.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 411.6 m 171.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 411.6 m 198.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 411.6 m 238.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 411.6 m 260.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 411.6 m 342.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 411.6 m 370.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 411.6 m 411.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 411.6 m 435.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 411.6 m 463.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 411.6 m 501.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 411.6 m 525.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 411.6 m 238.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 399.6 m 238.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 397.6 m 238.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 411.6 m 411.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 399.6 m 411.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 397.6 m 411.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 411.6 m 501.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 399.6 m 501.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 397.6 m 501.5 397.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.20 449.83 Td (Six Months Ended June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.35 431.83 Td (Amount of Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.60 423.83 Td (Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.15 415.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.75 437.68 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.75 429.68 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.80 421.68 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.30 413.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.15 436.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.65 428.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.85 415.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 415.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.10 415.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 402.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 136.00 402.55 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 402.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.60 402.85 Td (\(21,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.30 402.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 402.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 402.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 402.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 402.85 Td (\(776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 402.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 402.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 402.85 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 371.6 m 198.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 371.6 m 237.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 371.6 m 260.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 371.6 m 264.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 371.6 m 342.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 371.6 m 346.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 371.6 m 370.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 371.6 m 411.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 371.6 m 435.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 371.6 m 439.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 371.6 m 461.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 371.6 m 502.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 371.6 m 526.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 350.6 m 370.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 350.6 m 411.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 350.6 m 435.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 350.6 m 439.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 350.6 m 461.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 350.6 m 502.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 350.6 m 526.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 337.6 m 171.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 337.6 m 198.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 337.6 m 237.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 337.6 m 260.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 337.6 m 342.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 337.6 m 370.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 337.6 m 411.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 337.6 m 435.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 337.6 m 461.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 337.6 m 502.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.6 m 526.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 325.6 m 237.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 323.6 m 237.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 325.6 m 411.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 323.6 m 411.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 325.6 m 502.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 323.6 m 502.5 323.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 375.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.70 375.83 Td (Six Months Ended June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.35 357.83 Td (Amount of Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.60 349.83 Td (Recognized in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.15 341.83 Td (AOCLonDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.75 363.68 Td (LocationofLoss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.75 355.68 Td (Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.80 347.68 Td (fromAOCLinto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.30 339.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.65 362.83 Td (Amount of Loss Reclassified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.15 354.83 Td (fromAOCLintoIncome) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.85 341.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 341.83 Td (Effective Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 341.83 Td (Ineffective Portion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 328.85 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 136.00 328.55 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 328.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.60 328.85 Td (\(1,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 328.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 328.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 328.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 328.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.60 328.85 Td (\(1,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 328.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.00 328.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.30 328.85 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 297.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 297.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.77 297.10 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 63.00 285.10 Td (from ) Tj ET Q q 0 0 0 rg BT 84.39 285.10 Td (AOCL) Tj ET Q q 0 0 0 rg BT 111.24 285.10 Td ( is approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.17 285.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.06 285.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 261.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 261.10 Td (e use futures contracts designated as fair value hedges under ) Tj ET Q q 0 0 0 rg BT 337.38 261.10 Td (ASC 815-25, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.66 261.10 Td (Derivatives and HedgingFair ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 249.10 Td (V) Tj ET Q q 0 0 0 rg BT 68.00 249.10 Td (alue Hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.71 249.10 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 301.25 249.10 Td (0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.14 249.10 Td ( barrels of crude oil that are contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 237.10 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 479.65 237.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 225.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 225.10 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 396.96 225.10 Td (fset by fair value gains or losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 213.10 Td (on the tank bottoms. ) Tj ET Q q 0 0 0 rg BT 149.48 213.10 Td (There was no inef) Tj ET Q q 0 0 0 rg BT 221.21 213.10 Td (fectiveness recognized on these hedges. ) Tj ET Q q 0 0 0 rg BT 385.13 213.10 Td (The cash flows from settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 201.10 Td (contracts were recorded in operating activities in our consolidated statements of cash flows. ) Tj ET Q q 0 0 0 rg BT 434.64 201.10 Td (The gains \(losses\) on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 189.10 Td (these futures contracts and the underlying tank bottoms were 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 319.5 157.60000000000002 m 360.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 157.60000000000002 m 364.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 157.60000000000002 m 405.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 157.60000000000002 m 450.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 157.60000000000002 m 495.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 144.60000000000002 m 360.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 144.60000000000002 m 405.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 157.60000000000002 m 450.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 144.60000000000002 m 450.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 157.60000000000002 m 495.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 144.60000000000002 m 495.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 144.60000000000002 m 360.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 144.60000000000002 m 405.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 144.60000000000002 m 450.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 144.60000000000002 m 495.5 144.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 169.83 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.75 161.83 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.40 169.83 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.75 161.83 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 148.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 148.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 148.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 148.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 135.85 Td (Gain \(loss\) recognized in other income/expense on derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 127.85 Td (\(futures contracts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.00 127.55 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.60 127.85 Td (\(7.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 127.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.25 127.85 Td (3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.60 127.85 Td (\(6.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 127.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.25 127.85 Td (6.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 114.85 Td (Loss \(gain\) recognized in other income/expense on hedged item) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 106.85 Td (\(tank bottoms\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 148.00 106.55 Td (..................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.25 106.85 Td (7.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 106.85 Td (\(3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 106.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 106.85 Td (6.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.60 106.85 Td (\(6.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 106.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 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 85.50 659.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 114.47 659.10 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 63.00 647.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 647.10 Td (fectiveness for these fair value hedges. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.63 647.10 Td (three months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.27 647.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.71 647.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.71 647.10 Td (, we recognized a gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.83 635.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.72 635.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.16 635.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.05 635.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 243.71 635.10 Td (, and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.53 635.10 Td (six months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.85 635.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.29 635.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.29 635.10 Td (, we recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 623.10 Td (a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.49 623.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.38 623.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.82 623.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.71 623.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 270.37 623.10 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 63.00 611.10 Td (ef) Tj ET Q q 0 0 0 rg BT 70.59 611.10 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 63.00 599.10 Td (statements of income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 578.10 Td (The following table provides a summary of the ef) Tj ET Q q 0 0 0 rg BT 283.60 578.10 Td (fect on our consolidated statements of income for the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 566.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.94 566.10 Td (six months ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.26 566.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.70 566.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.70 566.10 Td ( of derivatives accounted for under ) Tj ET Q q 0 0 0 rg BT 389.31 566.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.27 566.10 Td (Derivatives and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 554.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.44 554.10 Td (, that 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 278.5 528.6 m 338.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 528.6 m 342.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 528.6 m 402.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 528.6 m 406.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 528.6 m 466.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 528.6 m 470.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 528.6 m 530.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 506.6 m 338.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 506.6 m 342.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 506.6 m 402.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 506.6 m 466.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 506.6 m 470.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 506.6 m 530.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 493.6 m 171.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 493.6 m 274.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 506.6 m 338.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 493.6 m 338.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 506.6 m 402.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 493.6 m 402.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 506.6 m 466.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 493.6 m 466.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 506.6 m 530.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 493.6 m 530.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 493.6 m 338.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 493.6 m 402.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 493.6 m 466.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 493.6 m 530.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 448.6 m 338.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 448.6 m 402.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 448.6 m 466.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 448.6 m 530.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 448.6 m 338.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 434.6 m 338.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 432.6 m 338.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 448.6 m 402.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 434.6 m 402.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 432.6 m 402.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 448.6 m 466.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 434.6 m 466.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 432.6 m 466.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 448.6 m 530.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 434.6 m 530.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 432.6 m 530.5 432.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 532.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 532.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.65 532.83 Td (Amount of Gain \(Loss\) Recognized on Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.60 520.68 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.40 520.68 Td (Six Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 509.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.15 505.83 Td (LocationofGain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.35 497.83 Td (RecognizedonDerivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.75 509.68 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 509.68 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.35 497.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 497.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 497.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 497.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 497.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 482.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 482.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 482.85 Td (Productsalesrevenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.00 482.55 Td (...........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.00 482.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 482.85 Td (\(11,770) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 482.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 482.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 482.85 Td (14,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 482.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 482.85 Td (4,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 482.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 482.85 Td (42,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 467.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 467.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 467.85 Td (Operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 467.55 Td (...............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.60 467.85 Td (\(8,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 467.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 467.85 Td (\(5,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 467.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 452.85 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 452.55 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 452.85 Td (Cost of product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 452.55 Td (............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.30 452.85 Td (3,240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 452.85 Td (\(1,184) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 452.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 452.85 Td (2,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 452.85 Td (53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.00 437.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 437.55 Td (...................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.00 437.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 437.85 Td (\(16,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 437.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 437.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 437.85 Td (13,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 437.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 437.85 Td (1,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 437.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 437.85 Td (42,947) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 413.10 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 63.00 401.10 Td (statements of cash flows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 380.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 359.10 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 457.15 359.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 347.10 Td (Derivatives and Hedging,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.03 347.10 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 63.00 335.10 Td (designated as hedging instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.64 335.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.22 335.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.66 335.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.49 335.10 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 212.5 311.6 m 317.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 311.6 m 321.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 311.6 m 366.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 311.6 m 370.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 311.6 m 478.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 311.6 m 482.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 311.6 m 528.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 298.6 m 317.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 298.6 m 321.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 298.6 m 366.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 298.6 m 478.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 298.6 m 482.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 298.6 m 528.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 64.5 285.6 m 208.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 285.6 m 317.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 285.6 m 366.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 285.6 m 478.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 285.6 m 528.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 251.60000000000002 m 366.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 251.60000000000002 m 528.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 251.60000000000002 m 366.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 239.60000000000002 m 366.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 237.60000000000002 m 366.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 251.60000000000002 m 528.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 239.60000000000002 m 528.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 237.60000000000002 m 528.5 237.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 315.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.75 315.83 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 302.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.55 302.83 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 302.83 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.85 289.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 289.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.65 289.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 289.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 289.83 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 277.55 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 123.00 277.55 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.00 277.55 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.00 269.55 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 269.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 268.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 268.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 276.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.00 268.85 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 268.55 Td (.........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 268.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.25 268.85 Td (3,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 256.55 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.00 256.55 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.00 256.55 Td (Other noncurrent assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 256.55 Td (...........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.25 255.85 Td (14,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.00 256.55 Td (Other noncurrent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 256.55 Td (.......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 255.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.00 243.55 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 243.55 Td (......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 242.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.25 242.85 Td (14,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 242.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 242.55 Td (.......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 242.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.25 242.85 Td (3,079) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.00 229.50 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 206 m 315.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 206 m 319.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 206 m 365.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 206 m 369.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 206 m 480.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 206 m 484.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 206 m 530.5 206 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 193 m 315.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 193 m 319.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 193 m 365.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 193 m 480.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 193 m 484.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 193 m 530.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 180 m 206.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 180 m 315.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 180 m 365.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 180 m 480.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 180 m 530.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 180 m 365.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 180 m 530.5 180 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 146 m 365.5 146 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 134 m 365.5 134 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 132 m 365.5 132 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 146 m 530.5 146 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 134 m 530.5 134 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 132 m 530.5 132 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 210.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 210.23 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 197.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.05 197.23 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 197.23 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.85 184.23 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.50 184.23 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.15 184.23 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 184.23 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 184.23 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 171.95 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.00 171.95 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 171.95 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 163.95 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 163.95 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 163.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 163.25 Td (3,738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 171.95 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 163.95 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 163.95 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 163.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 163.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 150.95 Td (Interest rate contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 150.95 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 150.95 Td (Other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.00 150.95 Td (.................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 150.25 Td (12,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 150.95 Td (Other current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 150.95 Td (...............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 150.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 137.95 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 137.95 Td (......................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 137.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 137.25 Td (16,345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 137.95 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.00 137.95 Td (.........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 137.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 137.25 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.00 123.90 Td () 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 /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 659.10 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 457.15 659.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (Derivatives and Hedging,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.03 647.10 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 63.00 635.10 Td (designated as hedging instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.64 635.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.22 635.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.66 635.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.49 635.10 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 211.5 611.6 m 316.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 611.6 m 320.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 611.6 m 365.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 611.6 m 369.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 611.6 m 480.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 611.6 m 484.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 611.6 m 530.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 598.6 m 316.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 598.6 m 320.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 598.6 m 365.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 598.6 m 480.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 598.6 m 484.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 598.6 m 530.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 62.5 585.6 m 207.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 585.6 m 316.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 585.6 m 365.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 585.6 m 480.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 585.6 m 530.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 585.6 m 365.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 565.6 m 365.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 563.6 m 365.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 585.6 m 530.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 565.6 m 530.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 563.6 m 530.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 530.6 m 316.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 530.6 m 320.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 530.6 m 365.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 530.6 m 369.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 530.6 m 480.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 530.6 m 484.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 530.6 m 530.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 517.6 m 316.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 517.6 m 320.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 517.6 m 365.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 517.6 m 480.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 517.6 m 484.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 517.6 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 62.5 504.6 m 207.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 504.6 m 316.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 504.6 m 365.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 504.6 m 480.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 504.6 m 530.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 504.6 m 365.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 484.6 m 365.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 482.6 m 365.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 504.6 m 530.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 484.6 m 530.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 482.6 m 530.5 482.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 615.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.25 615.83 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 602.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.55 602.83 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 602.83 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.35 589.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.50 589.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.65 589.83 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 589.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 589.83 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 577.55 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 577.55 Td (..........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 577.55 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.00 569.55 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 569.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 568.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 568.85 Td (6,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 577.55 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 569.55 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 569.55 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 568.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 568.85 Td (33,719) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 534.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.25 534.83 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 521.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.55 521.83 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 521.83 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.35 508.83 Td (Derivative Instrument) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.50 508.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.65 508.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 508.83 Td (Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 508.83 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 496.55 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 496.55 Td (..........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 495.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.00 487.85 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 487.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 487.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 487.85 Td (4,320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.00 495.85 Td (Energy commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 487.85 Td (contracts, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 487.55 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 487.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 487.85 Td (3,808) Tj ET Q BT /F1 10.00 Tf ET BT /F1 14.00 Tf ET q 0 0 0 rg BT 297.00 467.30 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 438.50 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 438.50 Td (Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 414.50 Td (Envir) Tj ET Q q 0 0 0 rg BT 107.35 414.50 Td (onmental Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.62 414.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 390.50 Td (Liabilities recognized for estimated environmental costs were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.08 390.50 Td ($24.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.97 390.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.41 390.50 Td ($18.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 390.50 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 378.50 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.58 378.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.02 378.50 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.85 378.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 269.51 378.50 Td (. ) Tj ET Q q 0 0 0 rg BT 274.33 378.50 Td (W) Tj ET Q q 0 0 0 rg BT 282.97 378.50 Td (e have classified environmental liabilities as current or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 366.50 Td (noncurrent based on management) Tj ET Q q 0 0 0 rg BT 200.45 366.50 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 63.00 354.50 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 63.00 342.50 Td (consolidated statements of income. Environmental expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.47 342.50 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.37 342.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 342.50 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.70 342.50 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.07 342.50 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 330.50 Td (ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.21 330.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.65 330.50 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 330.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 237.31 330.50 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 330.50 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.14 330.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.58 330.50 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.47 330.50 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.84 330.50 Td (six months ended June 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 318.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 318.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.44 318.50 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.44 318.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 175.10 318.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 294.50 Td (Envir) Tj ET Q q 0 0 0 rg BT 108.85 294.50 Td (onmental Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.31 294.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 270.50 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 477.67 270.50 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.56 270.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 258.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.72 258.50 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.30 258.50 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.07 258.50 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.96 258.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.40 258.50 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.29 258.50 Td ( were recorded to other accounts receivable and long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 246.50 Td (term receivables, respectively) Tj ET Q q 0 0 0 rg BT 181.46 246.50 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 63.00 234.50 Td (third parties related to environmental matters were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.64 234.50 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.54 234.50 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.75 234.50 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.58 234.50 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 234.50 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.24 234.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.68 234.50 Td ($3.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 222.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.89 222.50 Td ( were recorded to other accounts receivable and long-term receivables, respectively) Tj ET Q q 0 0 0 rg BT 424.69 222.50 Td (, on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 210.50 Td (balance sheets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 186.50 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 186.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 162.50 Td (See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 140.88 162.50 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 243.83 162.50 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.88 162.50 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 87.00 138.50 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 138.50 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 63.00 126.50 Td (While the results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 268.66 126.50 Td (, management believes the ultimate resolution of these claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 114.50 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 63.00 102.50 Td (arrangements will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 256.90 102.50 Td (fect on our results of operations, financial position or cash flows. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 116.81 659.25 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 642.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 642.25 Td (e have a long-term incentive plan \(L) Tj ET Q q 0 0 0 rg BT 244.65 642.25 Td (TIP\) for certain of our employees and directors of our general partner) Tj ET Q q 0 0 0 rg BT 526.48 642.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 630.25 Td (The L) Tj ET Q q 0 0 0 rg BT 86.24 630.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 100.87 630.25 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 507.70 630.25 Td (1) Tj ET Q q 0 0 0 rg BT 512.33 630.25 Td (1.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 618.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.89 618.25 Td ( of our limited partner units. ) Tj ET Q q 0 0 0 rg BT 209.46 618.25 Td (The compensation committee of our general partner) Tj ET Q q 0 0 0 rg BT 417.53 618.25 Td () Tj ET Q q 0 0 0 rg BT 420.31 618.25 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 606.25 Td (administers our L) Tj ET Q q 0 0 0 rg BT 132.62 606.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 146.52 606.25 Td (. ) Tj ET Q q 0 0 0 rg BT 153.83 606.25 Td (The estimated units remaining available under the L) Tj ET Q q 0 0 0 rg BT 361.46 606.25 Td (TIP) Tj ET Q q 0 0 0 rg BT 376.09 606.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 606.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.13 606.25 Td ( total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.91 606.25 Td (2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 606.25 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 596.65 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 584.65 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 241.5 554.15 m 245.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 554.15 m 310.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 554.15 m 314.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 554.15 m 379.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 554.15 m 448.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 554.15 m 452.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 554.15 m 517.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 540.15 m 310.5 540.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 554.15 m 379.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 540.15 m 379.5 540.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 540.15 m 448.5 540.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 554.15 m 517.5 554.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 540.15 m 517.5 540.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 450.15 m 310.5 450.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 450.15 m 379.5 450.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 450.15 m 448.5 450.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 450.15 m 517.5 450.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 436.15 m 310.5 436.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 434.15 m 310.5 434.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 436.15 m 379.5 436.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 434.15 m 379.5 434.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 436.15 m 448.5 436.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 434.15 m 448.5 434.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 436.15 m 517.5 436.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 434.15 m 517.5 434.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 379.15 m 310.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 379.15 m 379.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 379.15 m 448.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 379.15 m 517.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 379.15 m 310.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 365.15 m 310.5 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 363.15 m 310.5 363.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 379.15 m 379.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 365.15 m 379.5 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 363.15 m 379.5 363.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 379.15 m 448.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 365.15 m 448.5 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 363.15 m 448.5 363.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 379.15 m 517.5 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 365.15 m 517.5 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 363.15 m 517.5 363.15 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.00 558.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.35 558.38 Td (Three Months Ended June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.20 558.38 Td (Six Months Ended June 30,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.00 544.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.50 544.38 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.50 544.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 544.38 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.50 544.38 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 530.72 Td (Performance-based awards:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 515.72 Td (2014 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.00 515.72 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 514.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 514.82 Td (979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 514.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 514.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 514.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 514.82 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 514.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 514.82 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 500.72 Td (2015 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.00 500.72 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 499.82 Td (926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 499.82 Td (2,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 499.82 Td (2,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 499.82 Td (3,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 485.72 Td (2016 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.00 485.72 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 484.82 Td (1,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 484.82 Td (2,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 484.82 Td (2,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 484.82 Td (3,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 470.72 Td (2017 awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.00 470.72 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 469.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 469.82 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 469.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 469.82 Td (2,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 455.72 Td (Time-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 455.72 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 454.82 Td (481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 454.82 Td (660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 454.82 Td (1,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 454.82 Td (1,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 440.72 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 440.72 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 439.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 439.82 Td (3,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 439.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 439.82 Td (6,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 439.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 439.82 Td (10,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 439.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 439.82 Td (10,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 413.72 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 90.00 399.72 Td (G&A expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 399.72 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 398.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 398.82 Td (3,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 398.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 398.82 Td (6,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 398.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 398.82 Td (9,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 398.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 398.82 Td (10,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 384.72 Td (Operating expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 384.72 Td (.............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 383.82 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 383.82 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 383.82 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 383.82 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 369.72 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 369.72 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 368.82 Td (3,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 368.82 Td (6,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 368.82 Td (10,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 368.82 Td (10,717) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.65 Td (On February 2, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.82 340.65 Td (207,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.32 340.65 Td ( phantom unit awards were issued pursuant to our L) Tj ET Q q 0 0 0 rg BT 412.86 340.65 Td (TIP) Tj ET Q q 0 0 0 rg BT 426.75 340.65 Td (. ) Tj ET Q q 0 0 0 rg BT 434.07 340.65 Td (These grants included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 328.65 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 357.34 328.65 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.32 328.65 Td (-year vesting period that will end on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 316.65 Td (December 31, 2019.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 292.65 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 85.50 268.65 Td (The dif) Tj ET Q q 0 0 0 rg BT 114.47 268.65 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 63.00 256.65 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 63.00 244.65 Td (units issued to non-employee directors and \(ii\) the weighted average ef) Tj ET Q q 0 0 0 rg BT 346.61 244.65 Td (fect of units actually issued during a period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 232.65 Td (The dif) Tj ET Q q 0 0 0 rg BT 91.97 232.65 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 63.00 220.65 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 466.32 220.65 Td (fect of phantom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 208.65 Td (unit grants associated with our L) Tj ET Q q 0 0 0 rg BT 192.89 208.65 Td (TIP) Tj ET Q q 0 0 0 rg BT 207.52 208.65 Td ( that have not yet vested.) 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 /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 (Partners) Tj ET Q q 0 0 0 rg BT 125.29 659.25 Td ( Capital and Distributions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 635.25 Td (Partners) Tj ET Q q 0 0 0 rg BT 124.22 635.25 Td ( Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 611.25 Td (In May 2017, we filed a prospectus supplement to the shelf registration statement for our continuous equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 599.25 Td (of) Tj ET Q q 0 0 0 rg BT 71.15 599.25 Td (fering program \(which we refer to as an at-the-market program, or A) Tj ET Q q 0 0 0 rg BT 349.36 599.25 Td (TM\) pursuant to which we may issue up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.25 Td ($750.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.89 587.25 Td ( of common units in amounts, at prices and on terms to be determined by market conditions at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 575.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 88.09 575.25 Td (The net proceeds from any sales under the ) Tj ET Q q 0 0 0 rg BT 259.14 575.25 Td (A) Tj ET Q q 0 0 0 rg BT 265.26 575.25 Td (TM, after deducting the sales agents) Tj ET Q q 0 0 0 rg BT 412.79 575.25 Td ( commissions and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 563.25 Td (of) Tj ET Q q 0 0 0 rg BT 71.15 563.25 Td (fering expenses, will be used for general partnership purposes, including repayment of indebtedness or capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 551.25 Td (expenditures. No units were issued pursuant to this program during the current period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 527.25 Td (The following table details the changes in the number of our limited partner units outstanding from January 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 515.25 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.11 515.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.94 515.25 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 447.75 m 453.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 433.75 m 453.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 431.75 m 453.5 431.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 482.43 Td (Limited partner units outstanding on January 1, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 482.43 Td (227,783,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 467.42 Td (January 2017Settlement of 2014 awards) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 291.52 471.95 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 467.42 Td (216,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 452.42 Td (During 2017Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.60 456.95 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 452.42 Td (23,961) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 437.43 Td (Limited partner units outstanding on June 30, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 437.43 Td (228,024,556) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 416.65 Td (\(a\) Limited partner units issued to settle long-term incentive plan awards to certain employees that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 407.05 Td (vested on December 31, 2016.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 397.45 Td (\(b\) Limited partner units issued to settle the equity-based retainers paid to certain independent directors ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 387.85 Td (of our general partner and the final payment of deferred director compensation to a former director) Tj ET Q q 0 0 0 rg BT 450.64 387.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 363.85 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 339.85 Td (Distributions we paid during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.21 339.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.21 339.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 339.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 339.85 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 153.85 145.85 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.6 300.35 m 259.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.6 300.35 m 275.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 300.35 m 335.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.6 300.35 m 347.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.6 300.35 m 363.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 300.35 m 426.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.6 300.35 m 438.6 300.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 274.35 m 335.6 274.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 274.35 m 426.6 274.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 274.35 m 426.6 274.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 235.35000000000002 m 335.6 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 224.35000000000002 m 335.6 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 222.35000000000002 m 335.6 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 235.35000000000002 m 426.6 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 224.35000000000002 m 426.6 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 222.35000000000002 m 426.6 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 190.35000000000002 m 335.6 190.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 190.35000000000002 m 426.6 190.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 164.35000000000002 m 335.6 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 164.35000000000002 m 426.6 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 164.35000000000002 m 335.6 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 153.35000000000002 m 335.6 153.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.6 151.35000000000002 m 335.6 151.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 164.35000000000002 m 426.6 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 153.35000000000002 m 426.6 153.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.6 151.35000000000002 m 426.6 151.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.45 304.58 Td (Payment Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.95 320.58 Td (Per) Tj ET Q q 0 0 0 rg BT 292.79 320.58 Td (Unit Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.20 312.58 Td (Distribution) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.05 304.58 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.25 312.58 Td (Total Cash Distribution) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 304.58 Td (to Limited Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 290.97 Td (02/12/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 290.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 290.97 Td (0.7850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 290.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 290.97 Td (178,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 278.92 Td (05/13/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 278.92 Td (0.8025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 278.92 Td (182,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 264.97 Td (Through 06/30/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 264.97 Td (1.5875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 264.97 Td (361,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 252.97 Td (08/12/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 252.97 Td (0.8200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 252.97 Td (186,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 240.92 Td (11/14/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 240.02 Td (0.8375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 240.02 Td (190,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 225.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 225.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 225.97 Td (3.2450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 225.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 225.97 Td (739,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 205.97 Td (02/14/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 205.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 205.97 Td (0.8550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 205.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 205.97 Td (194,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 193.92 Td (05/15/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 193.92 Td (0.8725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 193.92 Td (198,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 180.97 Td (Through 06/30/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 180.97 Td (1.7275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 180.97 Td (393,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.10 168.92 Td (08/14/2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.66 173.45 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 168.92 Td (0.8900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 168.92 Td (202,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 154.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 154.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.25 154.97 Td (2.6175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 154.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 154.97 Td (596,854) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 157.50 136.25 Td (\(a\) Our general partner) Tj ET Q q 0 0 0 rg BT 233.31 136.25 Td () Tj ET Q q 0 0 0 rg BT 235.53 136.25 Td (s board of directors declared this cash distribution in July 2017 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.00 126.65 Td (to be paid on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.11 126.65 Td (August 14, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.22 126.65 Td ( to unitholders of record at the close of business on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.00 117.05 Td (July31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.34 117.05 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 /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 (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 659.25 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 659.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 103.64 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.96 659.25 Td (V) Tj ET Q q 0 0 0 rg BT 112.27 659.25 Td (alue) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 635.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 112.28 635.25 Td (alue Methods and ) Tj ET Q q 0 0 0 rg BT 186.25 635.25 Td (Assumptions - Financial ) Tj ET Q q 0 0 0 rg BT 286.35 635.25 Td (Assets and Liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 611.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 611.25 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 108.00 587.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 587.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 154.07 587.25 Td (gy commodity derivatives contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.97 587.25 Td (. ) Tj ET Q q 0 0 0 rg BT 303.29 587.25 Td (These include exchange-traded futures contracts related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 575.25 Td (to petroleum products. ) Tj ET Q q 0 0 0 rg BT 230.08 575.25 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 135.00 563.25 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 419.35 563.25 Td (Derivative Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 551.25 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.22 551.25 Td ( for further disclosures regarding these contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 527.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 527.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 154.07 527.25 Td (est rate contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 527.25 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 135.00 515.25 Td (against the risk of variability of interest payments on future debt. ) Tj ET Q q 0 0 0 rg BT 399.47 515.25 Td (These contracts are carried at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 503.25 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 135.00 491.25 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 135.00 479.25 Td (financial instrument is traded. ) Tj ET Q q 0 0 0 rg BT 256.73 479.25 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 135.00 467.25 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 466.00 467.25 Td (Derivative ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 455.25 Td (Financial Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.10 455.25 Td (for further disclosures regarding these contracts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 431.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 431.25 Td (Long-term r) Tj ET Q q 0 0 0 rg BT 183.24 431.25 Td (eceivables. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.88 431.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.20 431.25 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 135.00 419.25 Td (leasing arrangement and cost reimbursement payments receivable. ) Tj ET Q q 0 0 0 rg BT 405.55 419.25 Td (These receivables were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 407.25 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 135.00 395.25 Td (estimate the present value of future cash flows. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 371.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.00 371.25 Td (Debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.94 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.26 371.25 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 135.00 359.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.58 359.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.02 359.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.85 359.25 Td (; however) Tj ET Q q 0 0 0 rg BT 328.16 359.25 Td (, where recent observable market trades were not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 347.25 Td (available, prices were determined using adjustments to the last traded value for that debt issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 335.25 Td (or by adjustments to the prices of similar debt instruments of peer entities that are actively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 323.25 Td (traded.) Tj ET Q q 0 0 0 rg BT 164.80 323.25 Td (The carrying amount of borrowings, if any) Tj ET Q q 0 0 0 rg BT 334.94 323.25 Td (, under our revolving credit facility and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 311.25 Td (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 135.00 299.25 Td (obligations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 275.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 112.28 275.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 162.18 275.25 Td (ements - Financial ) Tj ET Q q 0 0 0 rg BT 239.48 275.25 Td (Assets and Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 251.25 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 63.00 239.25 Td (disclosed as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.38 239.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.96 239.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.40 239.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.23 239.25 Td ( based on the three levels established by ) Tj ET Q q 0 0 0 rg BT 440.41 239.25 Td (ASC 820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.36 239.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 507.64 239.25 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 227.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 93.18 227.25 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 179.47 227.25 Td (es ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.30 227.25 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 200.5 205.75 m 262.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 205.75 m 266.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 205.75 m 328.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 205.75 m 332.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 205.75 m 394.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 205.75 m 398.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 205.75 m 460.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 205.75 m 464.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 205.75 m 526.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 194.75 m 394.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 194.75 m 398.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 194.75 m 460.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 194.75 m 464.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 194.75 m 526.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 142.75 m 196.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 142.75 m 262.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 142.75 m 328.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 142.75 m 394.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 142.75 m 460.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 142.75 m 526.5 142.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 208.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.05 146.98 Td (Assets \(Liabilities\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.00 197.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.70 197.83 Td (Fair Value Measurements using:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.20 154.98 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.95 146.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.15 146.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.85 186.83 Td (QuotedPrices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 178.83 Td (in ) Tj ET Q q 0 0 0 rg BT 357.23 178.83 Td (Active ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.55 170.83 Td (Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 162.83 Td (for) Tj ET Q q 0 0 0 rg BT 351.92 162.83 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.30 154.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 146.83 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 178.98 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.85 170.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 162.98 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.85 154.98 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 146.98 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.55 170.98 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.40 162.98 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 154.98 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 146.98 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 133.32 Td (Energy commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 123.32 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 123.32 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.80 122.42 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 122.47 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 122.47 Td (\(30,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 122.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 122.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 108.32 Td (Interest rate contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 108.32 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 108.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 108.32 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 108.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 108.32 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 108.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 108.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 108.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 108.32 Td (14,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 108.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 108.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 94.32 Td (Long-term receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 94.32 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 94.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 94.32 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 94.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 94.32 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 94.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 94.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 94.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 94.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 94.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 94.32 Td (23,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 80.32 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 80.32 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 80.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.30 80.32 Td (\(4,087,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 80.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 80.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 80.37 Td (\(4,262,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 80.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 80.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 80.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 80.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 80.37 Td (\(4,262,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 80.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 80.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 80.32 Td () Tj ET Q BT /F1 10.00 Tf ET 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 /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 (26) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 637.6 m 262.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 637.6 m 266.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 637.6 m 328.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 637.6 m 332.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 637.6 m 394.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 637.6 m 398.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 637.6 m 460.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 637.6 m 464.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 637.6 m 526.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 626.6 m 394.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 626.6 m 398.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 626.6 m 460.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 626.6 m 464.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 626.6 m 526.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 574.6 m 196.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 574.6 m 262.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 574.6 m 328.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 574.6 m 394.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 574.6 m 460.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 574.6 m 526.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 574.6 m 196.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 574.6 m 262.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 574.6 m 328.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 574.6 m 394.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 574.6 m 460.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 574.6 m 526.5 574.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.75 640.68 Td (June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.05 578.83 Td (Assets \(Liabilities\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.00 629.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.70 629.68 Td (Fair Value Measurements using:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.20 586.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.95 578.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.15 578.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.85 618.68 Td (Quoted Prices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 610.68 Td (in ) Tj ET Q q 0 0 0 rg BT 356.23 610.68 Td (Active ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.55 602.68 Td (Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 594.68 Td (for) Tj ET Q q 0 0 0 rg BT 351.92 594.68 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.30 586.68 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 578.68 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 610.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.85 602.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 594.83 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.85 586.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 578.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.55 602.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.40 594.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 586.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 578.83 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 565.17 Td (Energy commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 555.17 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 555.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 554.27 Td (4,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 554.27 Td (4,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 554.27 Td (4,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 540.17 Td (Interest rate contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 540.17 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 540.17 Td (12,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 540.17 Td (12,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 540.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 540.17 Td (12,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 540.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 526.17 Td (Long-term receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 526.17 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 525.27 Td (22,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 525.27 Td (22,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 525.27 Td (22,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 511.17 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 511.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.30 510.27 Td (\(4,231,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 510.32 Td (\(4,483,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 510.32 Td (\(4,483,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 470.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 470.10 Td (Related Party ) Tj ET Q q 0 0 0 rg BT 146.96 470.10 Td (T) Tj ET Q q 0 0 0 rg BT 152.89 470.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 446.10 Td (Stacy P) Tj ET Q q 0 0 0 rg BT 119.17 446.10 Td (. Methvin is an independent member of our general partner) Tj ET Q q 0 0 0 rg BT 355.57 446.10 Td () Tj ET Q q 0 0 0 rg BT 358.35 446.10 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 63.00 434.10 Td (of one of our customers. ) Tj ET Q q 0 0 0 rg BT 165.29 434.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.93 434.10 Td (e received tarif) Tj ET Q q 0 0 0 rg BT 233.71 434.10 Td (f revenue from this customer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.56 434.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 434.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.89 434.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.78 434.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 422.10 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.81 422.10 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.64 422.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.08 422.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.08 422.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 291.74 422.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.68 422.10 Td ($7.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.57 422.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.01 422.10 Td ($8.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.90 422.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.28 422.10 Td (six months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 410.10 Td (ended June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.21 410.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.65 410.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 410.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 237.31 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.63 410.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.26 410.10 Td (e recorded receivables of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.98 410.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.87 410.10 Td ( from this customer at both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 398.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.58 398.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.02 398.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.85 398.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.17 398.10 Td (The tarif) Tj ET Q q 0 0 0 rg BT 258.69 398.10 Td (f revenue we recognized from this customer was in the normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 386.10 Td (course of business, with rates determined in accordance with published tarif) Tj ET Q q 0 0 0 rg BT 366.33 386.10 Td (fs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 362.10 Td (See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.88 362.10 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 246.83 362.10 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.88 362.10 Td ( for a discussion of transactions with our joint ventures. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 326.10 Td (14. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 326.10 Td (Subsequent Events) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 302.10 Td (Recognizable events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 278.10 Td (No recognizable events occurred subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.04 278.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.87 278.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 254.10 Td (Non-r) Tj ET Q q 0 0 0 rg BT 110.52 254.10 Td (ecognizable events) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 230.10 Td (Cash Distribution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.14 230.10 Td ( In July 2017, our general partner) Tj ET Q q 0 0 0 rg BT 299.58 230.10 Td () Tj ET Q q 0 0 0 rg BT 302.36 230.10 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 63.00 218.10 Td ($0.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 218.10 Td ( per unit to be paid on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.21 218.10 Td (August 14, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.60 218.10 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 447.94 218.10 Td (July31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.11 218.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.93 218.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 206.10 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 400.11 206.10 Td ($202.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.01 206.10 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 /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 (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 632.25 Td (, our asset portfolio, including the assets of our joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.25 Td (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, our condensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 542.25 Td (splitter and storage facilities with an aggregate storage capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.37 542.25 Td (27 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.76 542.25 Td ( barrels, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 530.25 Td (which approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.20 530.25 Td (17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.59 530.25 Td ( barrels are 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 July 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 ($0.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.94 338.25 Td ( per unit for the period of ) Tj ET Q q 0 0 0 rg BT 247.97 338.25 Td (April 1, 2017 through June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 398.34 338.25 Td (This quarterly cash distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 326.25 Td (will be paid on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.66 326.25 Td (August 14, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.05 326.25 Td ( to unitholders of record on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.69 326.25 Td (July31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.86 326.25 Td (. ) Tj ET Q q 0 0 0 rg BT 361.68 326.25 Td (T) Tj ET Q q 0 0 0 rg BT 367.09 326.25 Td (otal distributions expected to be paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 314.25 Td (under this declaration are approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 314.25 Td ($202.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.99 314.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 278.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 254.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 254.25 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 63.00 242.25 Td (Operating mar) Tj ET Q q 0 0 0 rg BT 120.85 242.25 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 63.00 230.25 Td (evaluate the economic performance of our core operations. Operating mar) Tj ET Q q 0 0 0 rg BT 358.80 230.25 Td (gin is not a generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 218.25 Td (principles \(GAAP\) measure, but the components of operating mar) Tj ET Q q 0 0 0 rg BT 335.79 218.25 Td (gin are computed using amounts that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 206.25 Td (determined in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 214.62 206.25 Td (. ) Tj ET Q q 0 0 0 rg BT 221.56 206.25 Td (A) Tj ET Q q 0 0 0 rg BT 228.23 206.25 Td ( reconciliation of operating mar) Tj ET Q q 0 0 0 rg BT 354.67 206.25 Td (gin to operating profit, which is its nearest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 194.25 Td (comparable GAAP) Tj ET Q q 0 0 0 rg BT 139.00 194.25 Td ( financial measure, is included in the following tables. Operating profit includes expense items, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 182.25 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 63.00 170.25 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 63.00 158.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 112.90 158.25 Td (, product mar) Tj ET Q q 0 0 0 rg BT 166.32 158.25 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 63.00 146.25 Td (related activities, is provided in these tables. Product mar) Tj ET Q q 0 0 0 rg BT 291.64 146.25 Td (gin is a non-GAAP) Tj ET Q q 0 0 0 rg BT 368.21 146.25 Td ( measure; however) Tj ET Q q 0 0 0 rg BT 443.34 146.25 Td (, its components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 134.25 Td (product sales revenue and cost of product sales are determined in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 419.82 134.25 Td (. Our butane blending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 122.25 Td (fractionation and other commodity-related activities generate significant revenue. However) Tj ET Q q 0 0 0 rg BT 430.23 122.25 Td (, we believe the product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 110.25 Td (mar) Tj ET Q q 0 0 0 rg BT 78.37 110.25 Td (gin from these activities, which takes into account the related cost of product sales, better represents its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 98.25 Td (importance to our results of operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 88.65 Td ( ) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 693.50 Td (Three Months Ended June 30, 2016 compared to Three Months Ended June 30, 2017) Tj ET Q 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 i [] 0 d 0 J 0 j 3 M 358.5 240 m 404.5 240 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 230 m 404.5 230 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 228 m 404.5 228 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 666.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.60 674.23 Td (Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.75 666.23 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.80 674.23 Td (V) Tj ET Q q 0 0 0 rg BT 449.84 674.23 Td (ariance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.65 666.23 Td (Favorable \(Unfavorable\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 653.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 654.08 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.00 654.08 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 654.08 Td ($Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.85 654.08 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 643.08 Td (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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 620.95 Td (247.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 620.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 620.95 Td (277.9) 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 (30.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 620.95 Td (12) 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 (101.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 609.95 Td (108.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 609.95 Td (7.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 609.95 Td (7) 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 (43.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 598.95 Td (47.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 598.95 Td (4.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 598.95 Td (11) 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 (\(0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 587.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 587.95 Td (\(0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 587.95 Td (\)) 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 (.................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 575.95 Td (392.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 575.95 Td (433.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 575.95 Td (41.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 575.95 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 564.95 Td (Affiliate management fee revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 564.95 Td (.................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 564.95 Td (2.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 564.95 Td (4.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 564.95 Td (1.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 564.95 Td (45) 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 (98.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 542.95 Td (100.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 542.95 Td (\(2.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 542.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 542.95 Td (\(2\)) 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 (20.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 531.95 Td (31.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 531.95 Td (\(10.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 531.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 531.95 Td (\(53\)) 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 (16.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 520.95 Td (15.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 520.95 Td (1.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 520.95 Td (6) 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 (\(1.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 509.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 509.95 Td (\(2.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 509.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 509.95 Td (1.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 509.95 Td (91) 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 (.............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 498.95 Td (134.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 498.95 Td (145.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 498.95 Td (\(11.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 498.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 498.95 Td (\(8\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 487.95 Td (Product margin:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 476.95 Td (Product sales revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.00 476.95 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 476.95 Td (123.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 476.95 Td (182.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 476.95 Td (58.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 476.95 Td (47) 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 337.25 465.95 Td (95.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 465.95 Td (145.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 465.95 Td (\(50.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 465.95 Td (\)) 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 (28.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 454.25 Td (36.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 454.25 Td (8.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 454.25 Td (28) 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 (15.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 441.95 Td (25.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 441.95 Td (10.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 441.95 Td (66) 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 (304.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 430.95 Td (353.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 430.95 Td (49.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 430.95 Td (16) 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 (43.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 419.95 Td (48.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 419.95 Td (\(5.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 419.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 419.95 Td (\(13\)) 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 (34.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 408.95 Td (43.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 408.95 Td (\(8.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 408.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 408.95 Td (\(25\)) 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 (226.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 397.95 Td (261.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 397.95 Td (34.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 397.95 Td (15) 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 (41.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 386.95 Td (48.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 386.95 Td (\(6.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 386.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 386.95 Td (\(17\)) 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 338.60 375.95 Td (\(1.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 375.95 Td (\)) 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 442.60 375.95 Td (\(1.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 375.95 Td (\)) 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 (\(2.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 364.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 364.95 Td (2.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 364.95 Td (\(4.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 364.95 Td (\)) 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 (188.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 353.95 Td (211.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 353.95 Td (22.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 353.95 Td (12) 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 (0.7) 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 442.60 342.95 Td (\(0.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 342.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 342.95 Td (\(29\)) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 331.95 Td (187.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 331.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 331.95 Td (210.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 331.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 331.95 Td (22.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 331.95 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 321.08 Td (Operating Statistics:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 308.95 Td (Refined products:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 297.95 Td (Transportation revenue per barrel shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 297.95 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 297.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 297.95 Td (1.427) 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 (1.481) 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 (71.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 275.95 Td (76.7) 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 (36.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 264.95 Td (40.7) 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 (6.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 253.95 Td (7.6) 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 (4.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 242.95 Td (4.6) 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 (118.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 231.95 Td (129.6) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 198.95 Td (1.360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 198.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 198.95 Td (1.380) 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 (45.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 187.95 Td (47.3) 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 (14.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 168.25 Td (15.2) 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 (19.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 142.25 Td (21.8) 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 (3.7) 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 (23.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 105.95 Td (23.9) 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 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 90.00 704.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 704.10 Td (ransportation and terminals revenue increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.07 704.10 Td ($41.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.57 704.10 Td ( million resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 686.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 686.10 Td (an increase in refined products revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.20 686.10 Td ($30.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.70 686.10 Td ( million. Shipments increased in the current period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 674.10 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 117.00 662.10 Td (which commenced commercial operations in July 2016, and stronger demand for refined products in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 650.10 Td (lar) Tj ET Q q 0 0 0 rg BT 127.37 650.10 Td (ge part due to higher distillate demand in crude oil production regions. ) Tj ET Q q 0 0 0 rg BT 414.33 650.10 Td (The average rate per barrel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td (in the current period was favorably impacted by the mid-year 2016 tarif) Tj ET Q q 0 0 0 rg BT 403.66 638.10 Td (f adjustment, which was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 626.10 Td (approximate 2% average increase. ) Tj ET Q q 0 0 0 rg BT 258.60 626.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 308.50 626.10 Td (, revenue from storage and other ancillary services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 614.10 Td (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 90.00 596.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.10 Td (an increase in crude oil revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 596.10 Td ($7.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.71 596.10 Td ( million primarily due to contributions from our new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.10 Td (condensate splitter at Corpus Christi that began commercial operations in June 2017, and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 572.10 Td (deficiency revenue for volume committed but not moved on our Houston distribution system; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 554.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 554.10 Td (an increase in marine storage revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.09 554.10 Td ($4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.59 554.10 Td ( million primarily due to increased storage utilization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 542.10 Td (higher storage rates and additional ancillary fees reflecting increased customer activities at our marine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 530.10 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 509.10 Td (Operating expenses increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.84 509.10 Td ($1) Tj ET Q q 0 0 0 rg BT 233.47 509.10 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.97 509.10 Td ( million primarily resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 491.10 Td (an increase in refined products expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 491.10 Td ($2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 491.10 Td ( million primarily due to higher asset integrity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 479.10 Td (spending related to the timing of maintenance work and rental costs for a pipeline segment we began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 467.10 Td (leasing in third quarter 2016 in connection with our Little Rock pipeline, partially of) Tj ET Q q 0 0 0 rg BT 454.51 467.10 Td (fset by more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 455.10 Td (favorable product overages \(which reduce operating expenses\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 437.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 437.10 Td (an increase in crude oil expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.66 437.10 Td ($10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.16 437.10 Td ( million primarily due to higher compensation and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 425.10 Td (costs associated with our new condensate splitter that began commercial operations in June 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 413.10 Td (less favorable product overages; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 395.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 395.10 Td (a decrease in marine storage expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.20 395.10 Td ($1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 395.10 Td ( million primarily due to favorable product overages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 374.10 Td (Product sales revenue resulted primarily from our butane blending activities, transmix fractionation, tender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 362.10 Td (deducts and the sale of product gains from our operations. ) Tj ET Q q 0 0 0 rg BT 297.48 362.10 Td (W) Tj ET Q q 0 0 0 rg BT 306.12 362.10 Td (e utilize futures contracts to hedge against changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 350.10 Td (the price of petroleum products we expect to sell in future periods, as well as to hedge against changes in the price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 338.10 Td (butane we expect to purchase. See Note 8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.10 338.10 Td (Derivative Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.41 338.10 Td ( in Item 1 of Part I for a discussion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 326.10 Td (our hedging strategies and how our use of futures contracts impacts our product mar) Tj ET Q q 0 0 0 rg BT 399.67 326.10 Td (gin. Product mar) Tj ET Q q 0 0 0 rg BT 468.92 326.10 Td (gin increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 314.10 Td ($8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 314.10 Td ( million primarily due to recognition of gains on futures contracts in the current period compared to losses in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 302.10 Td (prior period, partially of) Tj ET Q q 0 0 0 rg BT 159.46 302.10 Td (fset by higher butane costs, resulting in compressed butane blending mar) Tj ET Q q 0 0 0 rg BT 450.59 302.10 Td (gins. See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.70 302.10 Td (Other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 290.10 Td (ItemsCommodity Derivative ) Tj ET Q q 0 0 0 rg BT 186.68 290.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 201.31 290.10 Td (eementsImpact of Commodity Derivatives on Results of Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.82 290.10 Td (below for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 278.10 Td (more information about our futures contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 257.10 Td (Earnings of non-controlled entities increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 257.10 Td ($10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.38 257.10 Td ( million primarily due to increased earnings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 245.10 Td (BridgeT) Tj ET Q q 0 0 0 rg BT 95.63 245.10 Td (ex Pipeline Company) Tj ET Q q 0 0 0 rg BT 181.08 245.10 Td (, LLC \(BridgeT) Tj ET Q q 0 0 0 rg BT 247.86 245.10 Td (ex\) mainly attributable to incremental spot shipments \(including spot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 233.10 Td (shipments by us; see Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.43 233.10 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 290.39 233.10 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.43 233.10 Td ( for information about spot shipments that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 221.10 Td (made on the BridgeT) Tj ET Q q 0 0 0 rg BT 147.00 221.10 Td (ex pipeline in second quarter 2017\), as well as additional shipments from BridgeT) Tj ET Q q 0 0 0 rg BT 474.83 221.10 Td (ex) Tj ET Q q 0 0 0 rg BT 487.05 221.10 Td (s new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 209.10 Td (Eaglebine origin, and earnings from Saddlehorn Pipeline Company) Tj ET Q q 0 0 0 rg BT 331.18 209.10 Td (, LLC \(Saddlehorn\), which began operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 197.10 Td (during third quarter 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 176.10 Td (Depreciation and amortization expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.08 176.10 Td ($5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.58 176.10 Td ( million primarily due to commencement of depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 164.10 Td (of expansion capital projects recently placed into service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 143.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 108.67 143.10 Td ( expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.13 143.10 Td ($8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.63 143.10 Td ( million primarily due to higher compensation costs resulting from an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 131.10 Td (employee headcount mainly as a result of expansion projects and higher equity-based compensation expense due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 119.10 Td (timing of accrual adjustments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 98.10 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 98.10 Td ($6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.04 98.10 Td ( million in second quarter 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 86.10 Td (primarily due to lower capitalized interest and higher outstanding debt in the current period. Our average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 74.10 Td (outstanding debt increased from $3.8 billion in second quarter 2016 to $4.3 billion in second quarter 2017 primarily ) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 704.10 Td (due to borrowings for expansion capital expenditures. Our weighted-average interest rate of 4.7% in second quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 692.10 Td (2017 was lower than the 4.9% rate incurred in second quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 671.10 Td (In second quarter 2016, we recognized an additional $1.2 million gain related to the transfer in first quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 659.10 Td (2016 of our 50% membership interest in Osage Pipe Line Company) Tj ET Q q 0 0 0 rg BT 333.97 659.10 Td (, LLC \(Osage\). See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.26 659.10 Td (Investments in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (Non-Contr) Tj ET Q q 0 0 0 rg BT 105.97 647.10 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.02 647.10 Td ( of the consolidated financial statements included in Item 1 of this report for more details ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 635.10 Td (regarding this transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 614.10 Td (Other expense \(income\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.62 614.10 Td ($4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.12 614.10 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 63.00 602.10 Td (current period and a less favorable non-cash adjustment in second quarter 2017 for the change in the dif) Tj ET Q q 0 0 0 rg BT 477.95 602.10 Td (ferential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 590.10 Td (between the current spot price and forward price on fair value hedges associated with our crude oil tank bottoms. ) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 704.25 Td (Six Months Ended June 30, 2016 compared to Six Months Ended June 30, 2017) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 672.75 m 354.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 672.75 m 358.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 672.75 m 404.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 672.75 m 458.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 672.75 m 462.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 672.75 m 512.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 672.75 m 354.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 661.75 m 354.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 672.75 m 404.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 661.75 m 404.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 661.75 m 458.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 661.75 m 512.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 594.75 m 354.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 594.75 m 404.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 594.75 m 458.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 594.75 m 404.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 517.75 m 354.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 517.75 m 404.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 517.75 m 458.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 517.75 m 404.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 473.75 m 354.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 473.75 m 404.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 473.75 m 458.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 473.75 m 404.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 473.75 m 458.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 449.75 m 354.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 449.75 m 404.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 449.75 m 458.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 449.75 m 404.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 416.75 m 354.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 416.75 m 404.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 416.75 m 458.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 416.75 m 404.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 416.75 m 458.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 372.75 m 354.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 372.75 m 404.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 372.75 m 404.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 372.75 m 458.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 350.75 m 354.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 350.75 m 404.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 350.75 m 458.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 340.75 m 354.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 338.75 m 354.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 350.75 m 404.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 340.75 m 404.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 338.75 m 404.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 350.75 m 458.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 340.75 m 458.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 338.75 m 458.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 248.75 m 354.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 238.75 m 354.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 236.75 m 354.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 248.75 m 404.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 238.75 m 404.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 236.75 m 404.5 236.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 677.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.40 684.98 Td (Six Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.75 676.98 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.80 684.98 Td (V) Tj ET Q q 0 0 0 rg BT 449.84 684.98 Td (ariance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.65 676.98 Td (Favorable \(Unfavorable\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 664.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 664.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.00 664.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 664.83 Td ($Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.85 664.83 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 653.83 Td (FinancialHighlights\($inmillions,exceptoperatingstatistics\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 642.70 Td (Transportation and terminals revenue:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 631.70 Td (Refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.00 631.70 Td (...................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 631.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 631.70 Td (472.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 631.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 631.70 Td (519.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 631.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 631.70 Td (47.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 631.70 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 620.70 Td (Crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.00 620.70 Td (...............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 620.70 Td (203.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 620.70 Td (213.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 620.70 Td (10.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 620.70 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 609.70 Td (Marine storage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.00 609.70 Td (......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 609.70 Td (86.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 609.70 Td (94.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 609.70 Td (7.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 609.70 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 598.70 Td (Intersegment eliminations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 598.70 Td (....................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 598.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 598.70 Td (\(1.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 598.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 598.70 Td (\(1.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 598.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 598.70 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 586.70 Td (Total transportation and terminals revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 586.70 Td (.................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 586.70 Td (762.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 586.70 Td (825.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 586.70 Td (63.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 586.70 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 575.70 Td (Affiliate management fee revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.00 575.70 Td (.................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 575.70 Td (6.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 575.70 Td (8.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 575.70 Td (1.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 575.70 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 564.70 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 553.70 Td (Refined products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.00 553.70 Td (...................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 553.70 Td (184.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 553.70 Td (194.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 553.70 Td (\(9.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 553.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 553.70 Td (\(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 542.70 Td (Crude oil) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.00 542.70 Td (...............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 542.70 Td (41.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 542.70 Td (58.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 542.70 Td (\(17.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 542.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 542.70 Td (\(41\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 531.70 Td (Marine storage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.00 531.70 Td (......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 531.70 Td (33.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 531.70 Td (28.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 531.70 Td (5.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 531.70 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 520.70 Td (Intersegment eliminations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 520.70 Td (....................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 520.70 Td (\(2.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 520.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 520.70 Td (\(4.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 520.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 520.70 Td (1.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 520.70 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 509.70 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.00 509.70 Td (.............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 509.70 Td (257.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 509.70 Td (276.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 509.70 Td (\(19.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 509.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 509.70 Td (\(8\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 498.70 Td (Product margin:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 487.70 Td (Product sales revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.00 487.70 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 487.70 Td (270.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 487.70 Td (427.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 487.70 Td (157.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 487.70 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 476.70 Td (Cost of product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 476.70 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 476.70 Td (209.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 476.70 Td (318.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.60 476.70 Td (\(109.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 476.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 476.70 Td (\(52\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 465.70 Td (Product margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 465.70 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 465.00 Td (61.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 465.00 Td (108.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 465.00 Td (47.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 465.00 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 452.70 Td (Earnings of non-controlled entities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 179.00 452.70 Td (...............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 452.70 Td (33.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 452.70 Td (47.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 452.70 Td (14.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 452.70 Td (42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 441.70 Td (Operating margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.00 441.70 Td (.........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 441.70 Td (605.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 441.70 Td (712.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 441.70 Td (107.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 441.70 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 430.70 Td (Depreciation and amortization expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.00 430.70 Td (........................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 430.70 Td (87.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 430.70 Td (96.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 430.70 Td (\(9.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 430.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 430.70 Td (\(10\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 419.70 Td (G&A expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.00 419.70 Td (................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 419.70 Td (75.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 419.70 Td (83.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 419.70 Td (\(8.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 419.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 419.70 Td (\(11\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 408.70 Td (Operating profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.00 408.70 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 408.70 Td (443.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 408.70 Td (532.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 408.70 Td (89.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 408.70 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 397.70 Td (Interestexpense\(netofinterestincomeandinterest capitalized\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 397.70 Td (.................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 397.70 Td (78.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 397.70 Td (94.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 397.70 Td (\(16.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 397.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 397.70 Td (\(21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 386.70 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 334.60 386.70 Td (\(28.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 386.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 386.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 386.70 Td (\(28.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 386.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 386.70 Td (\(100\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 375.70 Td (Other expense \(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.00 375.70 Td (.................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 375.70 Td (\(3.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 375.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 375.70 Td (3.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 375.70 Td (\(7.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 375.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 375.70 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 364.70 Td (Income before provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.00 364.70 Td (....................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 364.70 Td (396.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 364.70 Td (434.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 364.70 Td (38.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 364.70 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 353.70 Td (Provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.00 353.70 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 353.70 Td (1.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 353.70 Td (1.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 353.70 Td (\(0.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 353.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 353.70 Td (\(13\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 342.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.00 342.70 Td (....................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 342.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 342.70 Td (394.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 342.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 342.70 Td (433.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 342.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 342.70 Td (38.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 342.70 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 329.98 Td (Operating Statistics:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 317.70 Td (Refined products:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 306.70 Td (Transportation revenue per barrel shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 306.70 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 306.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 306.70 Td (1.422) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 306.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 306.70 Td (1.472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 295.70 Td (Volume shipped \(million barrels\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 284.70 Td (Gasoline) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.00 284.70 Td (.......................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 284.70 Td (132.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 284.70 Td (142.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 273.70 Td (Distillates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 273.70 Td (.....................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 273.70 Td (72.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 273.70 Td (78.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 262.70 Td (Aviation fuel) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.00 262.70 Td (................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 262.70 Td (12.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 262.70 Td (13.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 251.70 Td (Liquefied petroleum gases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 251.70 Td (...........................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.30 251.70 Td (5.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 251.70 Td (5.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.00 240.70 Td (Total volume shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.00 240.70 Td (...................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 240.70 Td (223.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 240.70 Td (240.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 229.70 Td (Crude oil:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 218.70 Td (Magellan 100%-owned assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 207.70 Td (Transportation revenue per barrel shipped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 207.70 Td (..................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 207.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.25 207.70 Td (1.403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 207.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 207.70 Td (1.456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 196.70 Td (Volume shipped \(million barrels\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.00 196.70 Td (................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 196.70 Td (88.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 196.70 Td (88.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 185.70 Td (Crude oil terminal average utilization \(million barrels per) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 177.70 Td (month\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.00 177.70 Td (.........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 177.00 Td (14.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 177.00 Td (15.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 164.00 Td (Select joint venture pipelines:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 151.00 Td (BridgeT) Tj ET Q q 0 0 0 rg BT 128.10 151.00 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 247.41 154.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 150.70 Td (.........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 151.00 Td (38.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 151.00 Td (40.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 138.00 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 250.19 141.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.00 137.70 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 138.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 138.00 Td (7.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 66.00 125.70 Td (Marine storage:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 114.70 Td (Marine terminal average utilization \(million barrels per month\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.00 114.70 Td (.........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 114.70 Td (23.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 114.70 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 83.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.54 83.25 Td (These volumes reflect the total shipments for the BridgeT) Tj ET Q q 0 0 0 rg BT 235.78 83.25 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 74.85 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.54 74.85 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 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 /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 704.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 704.10 Td (ransportation and terminals revenue increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.07 704.10 Td ($63.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.57 704.10 Td ( million resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 686.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 686.10 Td (an increase in refined products revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.20 686.10 Td ($47.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.70 686.10 Td ( million. Shipments increased in the current period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 674.10 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 117.00 662.10 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 117.00 650.10 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 513.86 650.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td (adjustment, which was an approximate 2% average increase. ) Tj ET Q q 0 0 0 rg BT 364.41 638.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 414.31 638.10 Td (, revenue from storage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 626.10 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 90.00 608.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 608.10 Td (an increase in crude oil revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 608.10 Td ($10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.71 608.10 Td ( million primarily due to contributions from our new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.10 Td (condensate splitter at Corpus Christi that began commercial operations in June 2017, and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.10 Td (deficiency revenue for volume committed but not moved on our Houston distribution system; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 566.10 Td (an increase in marine storage revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.09 566.10 Td ($7.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.59 566.10 Td ( million primarily due to increased storage utilization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 554.10 Td (higher storage rates and additional ancillary fees reflecting increased customer activities at our marine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 542.10 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 521.10 Td (Operating expenses increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.84 521.10 Td ($19.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.34 521.10 Td ( million primarily resulting from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 503.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 503.10 Td (an increase in refined products expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 503.10 Td ($9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 503.10 Td ( million primarily due to higher asset integrity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 491.10 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 117.00 479.10 Td (leasing in third quarter 2016 in connection with our Little Rock pipeline and higher compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 467.10 Td (costs, partially of) Tj ET Q q 0 0 0 rg BT 185.97 467.10 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 90.00 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 449.10 Td (an increase in crude oil expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.66 449.10 Td ($17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.16 449.10 Td ( million primarily due to less favorable product overages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 437.10 Td (higher compensation and other costs associated with our new condensate splitter that began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 425.10 Td (commercial operations in June 2017 and more asset integrity spending during the current year; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 407.10 Td (a decrease in marine storage expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.20 407.10 Td ($5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 407.10 Td ( million primarily due to favorable product overages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 386.10 Td (Product mar) Tj ET Q q 0 0 0 rg BT 135.97 386.10 Td (gin increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.51 386.10 Td ($47.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.01 386.10 Td ( million primarily due to recognition of gains on futures contracts in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 374.10 Td (current period compared to losses in the prior period, partially of) Tj ET Q q 0 0 0 rg BT 321.91 374.10 Td (fset by lower mar) Tj ET Q q 0 0 0 rg BT 391.98 374.10 Td (gins on product sales. See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.57 374.10 Td (Other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 362.10 Td (ItemsCommodity Derivative ) Tj ET Q q 0 0 0 rg BT 186.68 362.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 201.31 362.10 Td (eementsImpact of Commodity Derivatives on Results of Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.82 362.10 Td (below for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 350.10 Td (more information about our futures contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 329.10 Td (Earnings of non-controlled entities increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 329.10 Td ($14.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.38 329.10 Td ( million primarily due to earnings from Saddlehorn, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 317.10 Td (began operating during third quarter 2016. ) Tj ET Q q 0 0 0 rg BT 237.40 317.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 287.30 317.10 Td (, earnings from BridgeT) Tj ET Q q 0 0 0 rg BT 383.24 317.10 Td (ex were higher mainly attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 305.10 Td (to incremental spot shipments \(including spot shipments by us; see Note 4 - Investments in Non-Controlled Entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 293.10 Td (for information about spot shipments that we made on the BridgeT) Tj ET Q q 0 0 0 rg BT 329.47 293.10 Td (ex pipeline in second quarter 2017\), as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 281.10 Td (additional shipments from BridgeT) Tj ET Q q 0 0 0 rg BT 203.11 281.10 Td (ex) Tj ET Q q 0 0 0 rg BT 215.33 281.10 Td (s new Eaglebine origin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 260.10 Td (Depreciation and amortization expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.08 260.10 Td ($9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.58 260.10 Td ( million primarily due to commencement of depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 248.10 Td (of expansion capital projects recently placed into service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 227.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 108.67 227.10 Td ( expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.13 227.10 Td ($8.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.63 227.10 Td ( million primarily due to higher compensation costs resulting from an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 215.10 Td (employee headcount mainly as a result of expansion projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 194.10 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 383.54 194.10 Td ($16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.04 194.10 Td ( million in 2017, primarily due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 182.10 Td (to higher outstanding debt and lower capitalized interest in the current period. Our average outstanding debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 170.10 Td (increased from $3.8 billion in 2016 to $4.2 billion in 2017 primarily due to borrowings for expansion capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 158.10 Td (expenditures. Our weighted-average interest rate of 4.7% in 2017 was slightly lower than the 4.8% rate incurred in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 146.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 125.10 Td (In 2016, we recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.29 125.10 Td ($28.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.79 125.10 Td ( million non-cash gain related to the transfer of our 50% membership interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 113.10 Td (in Osage. See Note 4 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.15 113.10 Td (Investments in Non-Contr) Tj ET Q q 0 0 0 rg BT 260.10 113.10 Td (olled Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 113.10 Td ( of the consolidated financial statements included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 101.10 Td (Item 1 of this report for more details regarding this transaction.) 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 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 ($7.0) 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 2017 for the change in the dif) Tj ET Q q 0 0 0 rg BT 416.87 692.10 Td (ferential between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 680.10 Td (current spot price and forward price on fair value hedges associated with our crude oil tank bottoms. ) Tj ET Q 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 /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 (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.63 596.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.46 596.10 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.10 Td (30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 584.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.44 584.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.44 584.10 Td ( to net income, which is its nearest comparable GAAP) Tj ET Q q 0 0 0 rg BT 354.24 584.10 Td ( financial measure, 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 374.5 544.6 m 422.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 544.6 m 426.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 544.6 m 474.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 544.6 m 422.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 529.6 m 422.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 544.6 m 474.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 529.6 m 474.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 529.6 m 530.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 529.6 m 422.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 529.6 m 474.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 359.6 m 422.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 359.6 m 474.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 359.6 m 530.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 304.6 m 422.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 304.6 m 474.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 304.6 m 530.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 304.6 m 474.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 304.6 m 530.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 259.6 m 422.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 259.6 m 422.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 245.60000000000002 m 422.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 243.60000000000002 m 422.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 259.6 m 474.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 245.60000000000002 m 474.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 243.60000000000002 m 474.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 259.6 m 530.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 245.60000000000002 m 530.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 243.60000000000002 m 530.5 243.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.50 559.28 Td (Six Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 549.28 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 544.28 Td (Increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.60 534.28 Td (\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 534.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 534.28 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 519.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 519.17 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 519.27 Td (394.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 519.27 Td (433.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 519.27 Td (38.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 504.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 504.17 Td (............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 504.27 Td (78.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 504.27 Td (94.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 504.27 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 489.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 489.17 Td (............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 489.27 Td (87.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 489.27 Td (96.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 489.27 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 474.27 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 244.96 478.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 474.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 474.32 Td (\(4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 474.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 474.32 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 474.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 474.27 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 459.27 Td (Loss on sale and retirement of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 459.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 459.27 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 459.27 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 459.27 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 444.27 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 306.88 448.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 444.17 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 444.32 Td (\(28.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 444.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 444.27 Td (28.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 429.27 Td (Commodity-related adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 414.27 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 110.00 404.27 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 217.19 408.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 404.17 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 404.32 Td (\(5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 404.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 404.32 Td (\(7.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 404.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 404.32 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 404.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 389.27 Td (Derivative gains \(losses\) recognized in previous periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 379.27 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 323.55 383.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 379.17 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 379.27 Td (36.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 379.32 Td (\(25.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 379.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 379.32 Td (\(61.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 379.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 364.27 Td (Lower) Tj ET Q q 0 0 0 rg BT 126.90 364.27 Td (-of-cost-or) Tj ET Q q 0 0 0 rg BT 169.46 364.27 Td (-market adjustments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 250.82 368.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 364.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 364.32 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 364.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 364.27 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 364.27 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.00 349.27 Td (Total commodity-related adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 349.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 349.27 Td (28.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 349.32 Td (\(27.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 349.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 349.32 Td (\(56.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 349.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 334.27 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 102.50 324.27 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 324.17 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 324.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 324.27 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 324.27 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 309.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.27 313.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.50 309.17 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 309.27 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 309.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 309.27 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 294.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.50 294.17 Td (.................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 294.27 Td (562.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 294.27 Td (612.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 294.27 Td (49.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 279.27 Td (Interest expense, net, excluding debt issuance cost amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 279.17 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 279.32 Td (\(76.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 279.32 Td (\(93.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 279.32 Td (\(16.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 264.27 Td (Maintenance capital) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 175.79 268.80 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 264.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 264.32 Td (\(59.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 264.32 Td (\(41.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 264.27 Td (18.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 249.27 Td (DCF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 249.17 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 249.27 Td (426.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 249.27 Td (477.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 249.27 Td (51.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 226.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 99.00 226.50 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 99.00 216.90 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 451.63 216.90 Td (T) Tj ET Q q 0 0 0 rg BT 455.96 216.90 Td (otal equity-based ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 207.30 Td (incentive compensation expense for the six months ended June 30, 2016 and 2017 was $10.1 million and $10.7 million, respectively) Tj ET Q q 0 0 0 rg BT 522.18 207.30 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 197.70 Td (However) Tj ET Q q 0 0 0 rg BT 128.00 197.70 Td (, the figures above include adjustments of $14.4 million and $13.9 million, respectively) Tj ET Q q 0 0 0 rg BT 407.43 197.70 Td (, for cash payments associated with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 188.10 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 85.50 173.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 99.00 173.50 Td (In February 2016, we transferred our 50% membership interest in Osage to an af) Tj ET Q q 0 0 0 rg BT 357.00 173.50 Td (filiate of HollyFrontier Corporation \(HFC\). In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 163.90 Td (conjunction with this transaction, we entered into several commercial agreements with af) Tj ET Q q 0 0 0 rg BT 384.09 163.90 Td (filiates of HFC, which were recorded as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 154.30 Td (intangible assets and other receivables on our consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 340.55 154.30 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 154.30 Td (e recorded a $28.1 million non-cash gain in relation to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 144.70 Td (this transaction.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 130.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 99.00 130.10 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 99.00 120.50 Td (connection to our El Paso terminal. ) Tj ET Q q 0 0 0 rg BT 215.72 120.50 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 99.00 110.90 Td (occurred and are, therefore, included in our calculation of DCF) Tj ET Q q 0 0 0 rg BT 300.28 110.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 96.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 99.00 96.30 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 86.70 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 77.10 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 77.10 Td (ferential between the current spot price and forward price on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 67.50 Td (these hedges is recognized currently in earnings. ) Tj ET Q q 0 0 0 rg BT 256.13 67.50 Td (W) Tj ET Q q 0 0 0 rg BT 263.04 67.50 Td (e exclude the net impact of both of these adjustments from our determination of ) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 705.50 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 99.00 695.90 Td (the associated hedges is included in our determination of DCF) Tj ET Q q 0 0 0 rg BT 297.65 695.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 681.30 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 99.00 681.30 Td (W) Tj ET Q q 0 0 0 rg BT 105.91 681.30 Td (e add the amount of lower) Tj ET Q q 0 0 0 rg BT 189.50 681.30 Td (-of-cost-or) Tj ET Q q 0 0 0 rg BT 223.55 681.30 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 99.00 671.70 Td (each applicable period to determine DCF as these are non-cash char) Tj ET Q q 0 0 0 rg BT 316.10 671.70 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 99.00 662.10 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 454.26 662.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 647.50 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 99.00 647.50 Td (Maintenance capital expenditures maintain our existing assets and do not generate incremental DCF \(i.e. incremental returns to our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 637.90 Td (unitholders\). For this reason, we deduct maintenance capital expenditures to determine DCF) Tj ET Q q 0 0 0 rg BT 395.61 637.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 601.90 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 212.68 601.90 Td (ces) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 577.90 Td (Cash Flows and Capital Expenditur) Tj ET Q q 0 0 0 rg BT 231.08 577.90 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 553.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.80 553.90 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.07 553.90 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 63.00 541.90 Td (changes in certain assets and liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 524.90 Td (Net cash provided by operating activities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.67 524.90 Td ($407.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.56 524.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 524.90 Td ($572.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.89 524.90 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.27 524.90 Td (six months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 512.90 Td (June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.33 512.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.83 512.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.83 512.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.27 512.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.27 512.90 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.93 512.90 Td (. ) Tj ET Q q 0 0 0 rg BT 215.75 512.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.80 512.90 Td ($165.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.69 512.90 Td ( increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.72 512.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.72 512.90 Td ( was due to changes in our working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 500.90 Td (capital, adjustments for non-cash items and higher net income as previously described.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 479.90 Td (Investing ) Tj ET Q q 0 0 0 rg BT 127.47 479.90 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.74 479.90 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 63.00 467.90 Td (controlled entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 446.90 Td (Net cash used by investing activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.18 446.90 Td (six months ended June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 446.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 446.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.50 446.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.94 446.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.94 446.90 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.49 446.90 Td ($413.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.38 446.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 434.90 Td ($320.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.89 434.90 Td (, respectively) Tj ET Q q 0 0 0 rg BT 174.55 434.90 Td (. During 2017, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.36 434.90 Td ($289.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.25 434.90 Td ( for capital expenditures, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 422.90 Td ($41.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.89 422.90 Td ( for maintenance capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.67 422.90 Td ($248.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.56 422.90 Td ( for expansion capital. ) Tj ET Q q 0 0 0 rg BT 382.37 422.90 Td (Also during the 2017 period, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 410.90 Td (contributed capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.02 410.90 Td ($55.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.91 410.90 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 63.00 398.90 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 324.61 398.90 Td ($321.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 398.90 Td ( for capital expenditures, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 386.90 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.93 386.90 Td ($59.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.83 386.90 Td ( for maintenance capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 386.90 Td ($261.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.49 386.90 Td ( for expansion capital. ) Tj ET Q q 0 0 0 rg BT 419.30 386.90 Td (Also during the 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 374.90 Td (period, we contributed capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.73 374.90 Td ($109.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.62 374.90 Td ( in conjunction with our joint venture capital projects. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 353.90 Td (Financing ) Tj ET Q q 0 0 0 rg BT 132.48 353.90 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.75 353.90 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 63.00 341.90 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 87.00 320.90 Td (Net cash provided by financing activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.49 320.90 Td (six months ended June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.32 320.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.82 320.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.82 320.90 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.37 320.90 Td ($1) Tj ET Q q 0 0 0 rg BT 441.00 320.90 Td (1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.89 320.90 Td (, and net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 308.90 Td (cash used by financing activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.34 308.90 Td (six months ended June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.16 308.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.66 308.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.66 308.90 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.21 308.90 Td ($260.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.11 308.90 Td (. During 2017, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 296.90 Td (paid cash distributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.32 296.90 Td ($393.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.21 296.90 Td ( to our unitholders. ) Tj ET Q q 0 0 0 rg BT 303.26 296.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 353.17 296.90 Td (, net commercial paper borrowings during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 284.90 Td (the 2017 period were $146.9 million. ) Tj ET Q q 0 0 0 rg BT 213.53 284.90 Td (Also, in January 2017, the cumulative amounts of the 2014 equity-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 272.90 Td (incentive compensation awards were settled by issuing 216,679 limited partner units and distributing those units to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 260.90 Td (the long-term incentive plan \(L) Tj ET Q q 0 0 0 rg BT 191.48 260.90 Td (TIP\) participants, resulting in payments primarily associated with tax withholdings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 248.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.83 248.90 Td ($13.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.72 248.90 Td (. During 2016, we paid cash distributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.03 248.90 Td ($361.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.92 248.90 Td ( to our unitholders. ) Tj ET Q q 0 0 0 rg BT 442.98 248.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 492.88 248.90 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 236.90 Td (received net proceeds of $649.2 million from borrowings under long-term notes, which were used in part to repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 224.90 Td (borrowings outstanding under our commercial paper program and for general partnership purposes, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 212.90 Td (expansion capital. ) Tj ET Q q 0 0 0 rg BT 137.15 212.90 Td (Also, in February 2016, the cumulative amounts of the 2013 equity-based incentive compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 200.90 Td (awards were settled by issuing 350,552 limited partner units and distributing those units to the L) Tj ET Q q 0 0 0 rg BT 447.58 200.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 462.21 200.90 Td ( participants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 188.90 Td (resulting in payments of associated tax withholdings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.30 188.90 Td ($14.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.19 188.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 167.90 Td (The quarterly distribution amount related to our second quarter 2017 financial results \(to be paid in third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 155.90 Td (quarter 2017\) is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.82 155.90 Td ($0.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.32 155.90 Td ( per unit. If we are able to meet management) Tj ET Q q 0 0 0 rg BT 335.40 155.90 Td (s tar) Tj ET Q q 0 0 0 rg BT 352.16 155.90 Td (geted distribution growth of 8% for 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 143.90 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 63.00 131.90 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 63.00 119.90 Td (have suf) Tj ET Q q 0 0 0 rg BT 96.42 119.90 Td (ficient DCF to fund these distributions.) 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 /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 (six months ended June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.43 536.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.93 536.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.93 536.10 Td (, our maintenance capital spending was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.60 536.10 Td ($41.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.49 536.10 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.88 536.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.88 536.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.10 Td (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 (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.33 500.10 Td ( months of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.60 500.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.60 500.10 Td (, we spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.37 500.10 Td ($248.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.26 500.10 Td ( for or) Tj ET Q q 0 0 0 rg BT 353.07 500.10 Td (ganic growth capital and contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.19 500.10 Td ($55.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 488.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.89 488.10 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 $400 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 \(see Note 7 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 243.51 368.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.95 368.10 Td ( and Note 1) Tj ET Q q 0 0 0 rg BT 308.95 368.10 Td (1 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 323.95 368.10 Td (Partners) Tj ET Q q 0 0 0 rg BT 361.17 368.10 Td ( Capital and Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.47 368.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 356.10 Td (consolidated financial statements included in Item 1 of Part I of this report for detail of our borrowings and changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 344.10 Td (in partners) Tj ET Q q 0 0 0 rg BT 108.07 344.10 Td ( capital\). If capital markets do not permit us to issue additional debt and equity securities, our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 332.10 Td (may be adversely af) Tj ET Q q 0 0 0 rg BT 143.06 332.10 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 473.33 332.10 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 320.10 Td (projects or 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 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 /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 704.25 Td (Other) Tj ET Q q 0 0 0 rg BT 110.87 704.25 Td ( Items) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 680.25 Td (Pipeline T) Tj ET Q q 0 0 0 rg BT 127.07 680.25 Td (arif) Tj ET Q q 0 0 0 rg BT 141.89 680.25 Td (f Changes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.34 680.25 Td (The Federal Ener) Tj ET Q q 0 0 0 rg BT 260.57 680.25 Td (gy Regulatory Commission \(FERC\) regulates the rates char) Tj ET Q q 0 0 0 rg BT 507.83 680.25 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.25 Td (on interstate common carrier pipeline operations primarily through an indexing methodology) Tj ET Q q 0 0 0 rg BT 434.47 668.25 Td (, which establishes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.25 Td (maximum amount by which tarif) Tj ET Q q 0 0 0 rg BT 194.46 656.25 Td (fs can be adjusted each year) Tj ET Q q 0 0 0 rg BT 305.79 656.25 Td (. ) Tj ET Q q 0 0 0 rg BT 312.74 656.25 Td (Approximately 40% of our refined products tarif) Tj ET Q q 0 0 0 rg BT 507.50 656.25 Td (fs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.25 Td (subject to this indexing methodology while the remaining 60% of our refined products tarif) Tj ET Q q 0 0 0 rg BT 428.01 644.25 Td (fs are either subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.25 Td (regulations by the states in which we operate or are deemed competitive by the FERC, in which case these rates can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.25 Td (be adjusted at our discretion based on market factors. ) Tj ET Q q 0 0 0 rg BT 280.80 620.25 Td (The FERC-approved indexing method to be used for the five-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.25 Td (year period beginning in July 2016 is the annual change in the producer price index for finished goods \(PPI-FG\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.25 Td (plus 1.23%. ) Tj ET Q q 0 0 0 rg BT 112.82 596.25 Td (The change in PPI-FG for 2016 was a reduction of approximately 1%. ) Tj ET Q q 0 0 0 rg BT 395.81 596.25 Td (As a result, we increased our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.25 Td (rates by approximately 0.2% in the 40% of our markets that are subject to the FERC) Tj ET Q q 0 0 0 rg BT 402.92 584.25 Td (s index methodology on July 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.25 Td (2017. In the 60% of our markets that are deemed competitive, we increased our rates by an average of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 560.25 Td (approximately 4% on July 1, 2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 536.25 Td (Senior Management Changes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.80 536.25 Td (Melanie Little was elected by our general partner) Tj ET Q q 0 0 0 rg BT 413.03 536.25 Td () Tj ET Q q 0 0 0 rg BT 415.81 536.25 Td (s board of directors as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 524.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 91.43 524.25 Td (V) Tj ET Q q 0 0 0 rg BT 98.05 524.25 Td (ice President, Operations, ef) Tj ET Q q 0 0 0 rg BT 210.89 524.25 Td (fective July 1, 2017. Ms. Little has 16 years of service with us and has held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 512.25 Td (V) Tj ET Q q 0 0 0 rg BT 69.62 512.25 Td (ice President level positions for the last six years in Crude Oil Commercial and Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (Commodity Derivative ) Tj ET Q q 0 0 0 rg BT 179.55 488.25 Td (Agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.44 488.25 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 63.00 476.25 Td (owning various commodities, which exposes us to commodity price risk. ) Tj ET Q q 0 0 0 rg BT 357.22 476.25 Td (W) Tj ET Q q 0 0 0 rg BT 365.86 476.25 Td (e use forward physical commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 464.25 Td (contracts and exchange-based futures contracts to help manage this commodity price risk. ) Tj ET Q q 0 0 0 rg BT 424.64 464.25 Td (W) Tj ET Q q 0 0 0 rg BT 433.28 464.25 Td (e use forward physical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 452.25 Td (contracts to purchase butane and sell refined products. ) Tj ET Q q 0 0 0 rg BT 282.46 452.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.10 452.25 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 63.00 440.25 Td (purchase and sale contracts, using traditional accrual accounting. ) Tj ET Q q 0 0 0 rg BT 327.44 440.25 Td (W) Tj ET Q q 0 0 0 rg BT 336.08 440.25 Td (e use futures contracts to hedge against changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 428.25 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 63.00 416.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 97.26 416.25 Td (W) Tj ET Q q 0 0 0 rg BT 105.90 416.25 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 63.00 404.25 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 63.00 392.25 Td (accounting treatment as economic hedges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.25 Td (As of and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.76 368.25 Td (six months ended June 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.08 368.25 Td (, our open derivative contracts and the impact of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 356.25 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 81.00 332.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 332.25 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 99.00 320.25 Td (for as fair value hedges. ) Tj ET Q q 0 0 0 rg BT 197.11 320.25 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 99.00 308.25 Td (adjustment to the asset being hedged, and there has been no inef) Tj ET Q q 0 0 0 rg BT 355.41 308.25 Td (fectiveness recognized for these hedges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 296.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 296.25 Td (e exclude the dif) Tj ET Q q 0 0 0 rg BT 173.81 296.25 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 99.00 284.25 Td (ef) Tj ET Q q 0 0 0 rg BT 106.59 284.25 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 99.00 272.25 Td (income on our consolidated statements of income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 248.25 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 99.00 236.25 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 99.00 224.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 142.42 224.25 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 99.00 212.25 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 99.00 200.25 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 85.50 176.25 Td (For further information regarding the quantities of refined products and crude oil hedged at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 176.25 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.43 176.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 164.25 Td (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 307.61 164.25 Td (Item 3. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 493.88 164.25 Td (es about ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 152.25 Td (Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.59 152.25 Td (.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 704.10 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 63.00 692.10 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 464.00 692.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 642.6 m 290.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 642.6 m 294.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 642.6 m 339.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 642.6 m 343.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 642.6 m 388.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 642.6 m 392.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 642.6 m 437.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 642.6 m 441.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 642.6 m 486.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 612.6 m 290.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 612.6 m 339.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 612.6 m 388.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 612.6 m 437.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 612.6 m 486.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 562.6 m 290.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 548.6 m 290.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 546.6 m 290.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 562.6 m 339.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 548.6 m 339.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 546.6 m 339.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 562.6 m 388.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 548.6 m 388.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 546.6 m 388.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 562.6 m 437.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 548.6 m 437.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 546.6 m 437.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 562.6 m 486.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 548.6 m 486.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 546.6 m 486.5 546.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.70 646.83 Td (Six Months Ended June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 632.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.80 624.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.80 616.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.35 632.83 Td (Cost of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 624.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 616.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.90 624.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.25 616.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.35 624.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.80 616.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 632.83 Td (Net Impact) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 624.83 Td (on Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 616.83 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 595.85 Td (Gains \(losses\) recorded on open futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 587.85 Td (contracts during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 587.55 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 588.27 Td (\(4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 588.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 588.27 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 588.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 588.27 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 588.27 Td (3.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 574.85 Td (Gains \(losses\) recognized on settled futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 566.85 Td (contracts during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 566.55 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 567.27 Td (8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 567.27 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 567.32 Td (\(6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 567.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 567.27 Td (2.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 551.85 Td (Net impact of futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 551.55 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 552.27 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 552.27 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 552.32 Td (\(5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 552.27 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 552.27 Td (5.8) 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 245.5 510.6 m 290.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 510.6 m 294.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 510.6 m 339.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 510.6 m 388.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 510.6 m 392.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 510.6 m 437.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 510.6 m 441.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 510.6 m 486.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 510.6 m 290.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 480.6 m 290.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 510.6 m 339.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 480.6 m 339.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 480.6 m 388.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 480.6 m 437.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 510.6 m 486.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 480.6 m 486.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 438.6 m 290.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 424.6 m 290.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 422.6 m 290.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 438.6 m 339.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 424.6 m 339.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 422.6 m 339.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 438.6 m 388.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 424.6 m 388.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 422.6 m 388.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 438.6 m 437.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 424.6 m 437.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 422.6 m 437.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 438.6 m 486.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 424.6 m 486.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 422.6 m 486.5 422.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.70 514.83 Td (Six Months Ended June 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 500.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.80 492.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.80 484.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.35 500.83 Td (Cost of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 492.83 Td (Product) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 484.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.90 492.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.25 484.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.35 492.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.80 484.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 500.83 Td (Net Impact) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 492.83 Td (on Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 484.83 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 471.85 Td (Gains \(losses\) recorded on open futures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 463.85 Td (contracts during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 463.55 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 464.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 464.27 Td (\(1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 464.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 464.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 464.27 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 464.27 Td (2.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 450.85 Td (Gains recognized on settled futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 442.85 Td (during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 146.00 442.55 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 443.27 Td (41.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 443.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 443.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 443.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 443.27 Td (42.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 427.85 Td (Net impact of futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 427.55 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 428.27 Td (42.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 428.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 428.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 428.27 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 428.27 Td (44.7) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 388.10 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 151.06 388.10 Td (ransactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.35 388.10 Td (See Note 13 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.23 388.10 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 328.00 388.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.67 388.10 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 63.00 376.10 Td (detail of our related party transactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 340.10 Td (ITEM 3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 340.10 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 198.93 340.10 Td (A) Tj ET Q q 0 0 0 rg BT 205.41 340.10 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 231.81 340.10 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 294.69 340.10 Td (A) Tj ET Q q 0 0 0 rg BT 301.17 340.10 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 400.65 340.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 436.03 340.10 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 483.35 340.10 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 316.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 316.10 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 63.00 304.10 Td (established policies to monitor and control these market risks. ) Tj ET Q q 0 0 0 rg BT 312.77 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 321.40 304.10 Td (e use derivative agreements to help manage our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 292.10 Td (exposure to commodity price and interest rate risks. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 268.10 Td (Commodity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 244.10 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 63.00 232.10 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 63.00 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 220.10 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 63.00 208.10 Td (commodity price risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 184.10 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 63.00 172.10 Td (using traditional accrual accounting. ) Tj ET Q q 0 0 0 rg BT 212.95 172.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.39 172.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.22 172.10 Td (, we had commitments under forward purchase and sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 160.10 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 328.25 128.60000000000002 m 378.25 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 128.60000000000002 m 432.25 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.25 128.60000000000002 m 486.25 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.25 128.60000000000002 m 378.25 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 128.60000000000002 m 432.25 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.25 128.60000000000002 m 486.25 128.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.90 133.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.90 133.05 Td (< 1 Year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 133.05 Td (1 - 4 Years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 117.06 Td (Forward purchase contracts notional value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 116.86 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 117.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.50 117.06 Td (128.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 117.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 117.06 Td (67.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 117.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 117.06 Td (61.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 101.06 Td (Forward purchase contracts barrels) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 100.86 Td (..........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 101.06 Td (3.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.50 101.06 Td (1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 101.06 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 85.06 Td (Forward sales contracts notional value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 84.86 Td (.....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 85.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 85.06 Td (18.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 85.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 85.06 Td (18.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 85.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 85.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.75 69.06 Td (Forward sales contracts barrels) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.50 68.86 Td (.................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 69.06 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.50 69.06 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 69.06 Td () Tj ET Q BT /F1 10.00 Tf ET 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 87.00 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 692.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.64 692.10 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 63.00 680.10 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 102.99 680.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.49 680.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.32 680.10 Td (, the fair value of our open futures contracts, representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 680.10 Td (5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.34 680.10 Td ( barrels of petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 668.10 Td (products we expect to sell and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.30 668.10 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.19 668.10 Td ( barrels of butane we expect to purchase, was a net asset of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.42 668.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.32 668.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 656.10 Td (Contracts representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.75 656.10 Td (0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.64 656.10 Td ( barrels of petroleum products we expect to sell qualified for hedge accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.10 Td (treatment, and we designated and accounted for these contracts as fair value hedges. ) Tj ET Q q 0 0 0 rg BT 401.84 644.10 Td (The remaining contracts did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (qualify for hedge accounting treatment under ) Tj ET Q q 0 0 0 rg BT 245.71 632.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 287.66 632.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.20 632.10 Td (, and we accounted for these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (contracts as economic hedges, with changes in fair value recognized currently in earnings. ) Tj ET Q q 0 0 0 rg BT 428.79 620.10 Td (W) Tj ET Q q 0 0 0 rg BT 437.83 620.10 Td (ith respect to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 608.10 Td (contracts, a $10.00 per barrel increase \(decrease\) in the prices of petroleum products related to the contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 596.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.92 596.10 Td (4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.82 596.10 Td ( barrels we expect to sell would result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.88 596.10 Td ($46.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 596.10 Td ( decrease \(increase\) in our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 584.10 Td (profit, while a $10.00 per barrel increase \(decrease\) in the price of butane would result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.75 584.10 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.64 584.10 Td ( increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 572.10 Td (\(decrease\) in our operating profit. ) Tj ET Q q 0 0 0 rg BT 202.48 572.10 Td (These increases or decreases in operating profit would be substantially of) Tj ET Q q 0 0 0 rg BT 495.54 572.10 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 560.10 Td (higher or lower product sales revenue or cost of product sales when the physical sale or purchase of those products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 548.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 93.92 548.10 Td (These contracts may be for the purchase or sale of products in markets dif) Tj ET Q q 0 0 0 rg BT 389.46 548.10 Td (ferent from those in which we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 536.10 Td (attempting to hedge our exposure, and the resulting hedges may not eliminate all price risks.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 512.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 106.07 512.10 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 488.10 Td (Our use of variable rate debt and any forecasted issuances of fixed rate debt expose us to interest rate risk.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 368.10 Td (ITEM 4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 368.10 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 211.07 368.10 Td (AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.64 344.10 Td (e performed an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 235.95 344.10 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 63.00 332.10 Td (procedures \(as defined in rule 13a-14\(c\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 334.56 332.10 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 63.00 320.10 Td (date of this report. ) Tj ET Q q 0 0 0 rg BT 138.63 320.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.27 320.10 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 63.00 308.10 Td (management, including our general partner) Tj ET Q q 0 0 0 rg BT 235.80 308.10 Td () Tj ET Q q 0 0 0 rg BT 238.58 308.10 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 322.54 308.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 435.09 308.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 452.86 308.10 Td (. Based upon that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 296.10 Td (evaluation, our general partner) Tj ET Q q 0 0 0 rg BT 186.09 296.10 Td () Tj ET Q q 0 0 0 rg BT 188.87 296.10 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 272.83 296.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 385.38 296.10 Td (ficer concluded that these disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 284.10 Td (controls and practices are ef) Tj ET Q q 0 0 0 rg BT 174.98 284.10 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 63.00 272.10 Td (current report. ) Tj ET Q q 0 0 0 rg BT 122.14 272.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 172.04 272.10 Td (, these disclosure controls and practices are ef) Tj ET Q q 0 0 0 rg BT 355.12 272.10 Td (fective in ensuring that information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 260.10 Td (required to be disclosed is accumulated and communicated to our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 404.93 260.10 Td (ficer and Chief Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 248.10 Td (Of) Tj ET Q q 0 0 0 rg BT 73.37 248.10 Td (ficer to allow timely decisions regarding required disclosures. ) Tj ET Q q 0 0 0 rg BT 322.84 248.10 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 63.00 236.10 Td (over financial reporting \(as defined in Rule 13a-15\(f\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 387.33 236.10 Td (Act\) during the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 224.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.83 224.10 Td ( that has materially af) Tj ET Q q 0 0 0 rg BT 205.28 224.10 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 386.70 224.10 Td (fect, our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 212.10 Td (financial reporting. ) 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 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) Tj ET Q q 0 0 0 rg BT 123.59 380.10 Td (, electric and battery-powered engines and geothermal ener) Tj ET Q q 0 0 0 rg BT 359.96 380.10 Td (gy) Tj ET Q q 0 0 0 rg BT 369.31 380.10 Td (, increased use of biofuels such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 368.10 Td (ethanol and biodiesel, increased conservation or fuel ef) Tj ET Q q 0 0 0 rg BT 319.29 368.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 350.84 368.10 Td (, increased use of electric vehicles, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 356.10 Td (as regulatory developments or other trends that could af) Tj ET Q q 0 0 0 rg BT 322.08 356.10 Td (fect demand 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 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ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 176.10 Td (the occurrence of natural disasters, terrorism, protests or political activism, operational hazards, equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 164.10 Td (failures, system failures or 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 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 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 87 0 obj <> endobj 88 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 (42) 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 90.00 623.10 Td (Anhydr) Tj ET Q q 0 0 0 rg BT 119.07 623.10 Td (ous ) Tj ET Q q 0 0 0 rg BT 135.28 623.10 Td (Ammonia Event) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.87 623.10 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 63.00 611.10 Td (ammonia pipeline system near ) Tj ET Q q 0 0 0 rg BT 187.23 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.64 611.10 Td (ekamah, Nebraska. ) Tj ET Q q 0 0 0 rg BT 273.81 611.10 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 63.00 599.10 Td (The National ) Tj ET Q q 0 0 0 rg BT 117.80 599.10 Td (T) Tj ET Q q 0 0 0 rg BT 123.56 599.10 Td (ransportation Safety Board is investigating the event. ) Tj ET Q q 0 0 0 rg BT 340.83 599.10 Td (W) Tj ET Q q 0 0 0 rg BT 349.46 599.10 Td (e are currently unable to estimate the full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 587.10 Td (impact of this event. However) Tj ET Q q 0 0 0 rg BT 185.90 587.10 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 63.00 575.10 Td (to be material as defined by the SEC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 551.10 Td (Settlement of Clean W) Tj ET Q q 0 0 0 rg BT 178.23 551.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 196.66 551.10 Td (Act Claims.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.32 551.10 Td ( In July 201) Tj ET Q q 0 0 0 rg BT 292.95 551.10 Td (1, we received an information request from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 539.10 Td (Environmental Protection ) Tj ET Q q 0 0 0 rg BT 167.98 539.10 Td (Agency \(EP) Tj ET Q q 0 0 0 rg BT 220.10 539.10 Td (A\) pursuant to Section 308 of the Clean ) Tj ET Q q 0 0 0 rg BT 385.99 539.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.63 539.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 411.56 539.10 Td (Act regarding a pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 527.10 Td (release near ) Tj ET Q q 0 0 0 rg BT 112.78 527.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.19 527.10 Td (exas City) Tj ET Q q 0 0 0 rg BT 155.04 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.86 527.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.27 527.10 Td (exas in February 201) Tj ET Q q 0 0 0 rg BT 249.04 527.10 Td (1 \(the T) Tj ET Q q 0 0 0 rg BT 284.44 527.10 Td (exas Release\). In ) Tj ET Q q 0 0 0 rg BT 361.34 527.10 Td (April 2012, we received a similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 515.10 Td (information request from the EP) Tj ET Q q 0 0 0 rg BT 191.50 515.10 Td (A) Tj ET Q q 0 0 0 rg BT 198.17 515.10 Td ( pursuant to Section 308 of the Clean ) Tj ET Q q 0 0 0 rg BT 349.07 515.10 Td (W) Tj ET Q q 0 0 0 rg BT 357.71 515.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 374.64 515.10 Td (Act regarding a pipeline release near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 503.10 Td (Nemaha, Nebraska in December 201) Tj ET Q q 0 0 0 rg BT 210.07 503.10 Td (1 \(the Nebraska Release\). In October 2015, we received a letter from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 491.10 Td (U.S. Department of Justice \(DOJ Letter\) stating that the Clean ) Tj ET Q q 0 0 0 rg BT 323.30 491.10 Td (W) Tj ET Q q 0 0 0 rg BT 331.94 491.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 348.87 491.10 Td (Act claims arising out of the ) Tj ET Q q 0 0 0 rg BT 464.77 491.10 Td (T) Tj ET Q q 0 0 0 rg BT 470.18 491.10 Td (exas Release, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 479.10 Td (the Nebraska Release and a pipeline release near El Dorado, Kansas in May 2015 had all been referred to the DOJ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 467.10 Td (for enforcement. In January 2017, we agreed to settle these enforcement claims for payment of $2 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 455.10 Td (certain related injunctive relief regarding ongoing remediation ef) Tj ET Q q 0 0 0 rg BT 322.43 455.10 Td (forts and future training and safety matters. ) Tj ET Q q 0 0 0 rg BT 500.25 455.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 443.10 Td (settlement was finalized and the settlement amount was paid in May 2017.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 419.10 Td (U.S. Oil Recovery) Tj ET Q q 0 0 0 rg BT 161.64 419.10 Td (, EP) Tj ET Q q 0 0 0 rg BT 177.57 419.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.50 419.10 Td ( ID No.: TXN000607093 Superfund Site) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 419.10 Td (.) Tj ET Q q 0 0 0 rg BT 348.31 419.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.95 419.10 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 63.00 407.10 Td (Superfund Site in Pasadena, ) Tj ET Q q 0 0 0 rg BT 177.52 407.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.93 407.10 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 63.00 395.10 Td (Comprehensive Environmental Response, Compensation, and Liability ) Tj ET Q q 0 0 0 rg BT 349.62 395.10 Td (Act of 1980, as amended \(CERCLA\). ) Tj ET Q q 0 0 0 rg BT 511.25 395.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 383.10 Td (result of the EP) Tj ET Q q 0 0 0 rg BT 124.02 383.10 Td (A) Tj ET Q q 0 0 0 rg BT 130.13 383.10 Td () Tj ET Q q 0 0 0 rg BT 132.91 383.10 Td (s ) Tj ET Q q 0 0 0 rg BT 138.75 383.10 Td (Administrative Settlement ) Tj ET Q q 0 0 0 rg BT 245.95 383.10 Td (Agreement and Order on Consent for Removal ) Tj ET Q q 0 0 0 rg BT 435.63 383.10 Td (Action, filed ) Tj ET Q q 0 0 0 rg BT 488.12 383.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 371.10 Td (25, 201) Tj ET Q q 0 0 0 rg BT 92.63 371.10 Td (1, EP) Tj ET Q q 0 0 0 rg BT 113.38 371.10 Td (A) Tj ET Q q 0 0 0 rg BT 120.05 371.10 Td ( Region 6, CERCLA) Tj ET Q q 0 0 0 rg BT 202.83 371.10 Td ( Docket No. 06-10-1) Tj ET Q q 0 0 0 rg BT 285.22 371.10 Td (1, we voluntarily entered into the PRP) Tj ET Q q 0 0 0 rg BT 437.88 371.10 Td ( group responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 359.10 Td (the site investigation, stabilization and subsequent site cleanup. ) Tj ET Q q 0 0 0 rg BT 318.32 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.96 359.10 Td (e have paid $15,000 associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 347.10 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 63.00 335.10 Td (share of the remediation costs associated with this site. ) Tj ET Q q 0 0 0 rg BT 286.93 335.10 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 63.00 323.10 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 63.00 311.10 Td (or cash flows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 287.10 Td (Lake Calumet Cluster Site, EP) Tj ET Q q 0 0 0 rg BT 211.20 287.10 Td (A) Tj ET Q q 0 0 0 rg BT 217.12 287.10 Td ( ID No.: ILD000716852 Superfund Site) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.89 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.21 287.10 Td (W) Tj ET Q q 0 0 0 rg BT 390.85 287.10 Td (e have liability at the Lake ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 275.10 Td (Calumet Cluster Superfund Site in Chicago, Illinois as a PRP) Tj ET Q q 0 0 0 rg BT 307.61 275.10 Td ( under Sections 107\(a\) and 1) Tj ET Q q 0 0 0 rg BT 421.94 275.10 Td (13\(f\)\(1\) of CERCLA. ) Tj ET Q q 0 0 0 rg BT 513.31 275.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 263.10 Td (a result of the EP) Tj ET Q q 0 0 0 rg BT 130.95 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 137.07 263.10 Td () Tj ET Q q 0 0 0 rg BT 139.85 263.10 Td (s ) Tj ET Q q 0 0 0 rg BT 145.69 263.10 Td (Administrative Settlement ) Tj ET Q q 0 0 0 rg BT 252.89 263.10 Td (Agreement and Order for Remedial Investigation/Feasibility Study ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.10 Td (of June 2013, we voluntarily entered into the PRP) Tj ET Q q 0 0 0 rg BT 262.32 251.10 Td ( group responsible for the investigation, cleanup and installation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 239.10 Td (an appropriate clay cap over the site. ) Tj ET Q q 0 0 0 rg BT 214.69 239.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.33 239.10 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 63.00 227.10 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 464.12 227.10 Td (While the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 215.10 Td (results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 227.01 215.10 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 63.00 203.10 Td (impact on our results of operations, financial position or cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 179.10 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 63.00 167.10 Td (While the results cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 268.66 167.10 Td (, management believes the ultimate resolution of these claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 155.10 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 63.00 143.10 Td (arrangements will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 256.90 143.10 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 63.00 131.10 Td (flows.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 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 (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 704.25 Td (ITEM 1A. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 704.25 Td (RISK F) Tj ET Q q 0 0 0 rg BT 167.32 704.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 188.25 704.25 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 680.25 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 63.00 668.25 Td (Part I, Item1A. Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 215.20 668.25 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 63.00 656.25 Td (could materially af) Tj ET Q q 0 0 0 rg BT 138.34 656.25 Td (fect our business, financial condition or future results. ) Tj ET Q q 0 0 0 rg BT 356.44 656.25 Td (The risks described in our ) Tj ET Q q 0 0 0 rg BT 462.25 656.25 Td (Annual Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 644.25 Td (on Form 10-K are not our only risks. ) Tj ET Q q 0 0 0 rg BT 212.16 644.25 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 63.00 632.25 Td (currently deem to be immaterial also could materially adversely af) Tj ET Q q 0 0 0 rg BT 328.55 632.25 Td (fect our business, financial condition or operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 620.25 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 572.25 Td (ITEM 2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 572.25 Td (UNREGISTERED SALES OF) Tj ET Q q 0 0 0 rg BT 265.22 572.25 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 306.80 572.25 Td ( SECURITIES ) Tj ET Q q 0 0 0 rg BT 371.83 572.25 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 431.46 572.25 Td ( PROCEEDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 548.25 Td (None.) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 63.00 531.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 502.65 Td (ITEM 3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 502.65 Td (DEF) Tj ET Q q 0 0 0 rg BT 154.26 502.65 Td (AUL) Tj ET Q q 0 0 0 rg BT 174.45 502.65 Td (TS UPON SENIOR SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 478.65 Td (None.) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 63.00 461.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 433.05 Td (ITEM 4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 433.05 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 203.80 433.05 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 409.05 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 373.05 Td (ITEM 5. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 373.05 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 221.76 373.05 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 349.05 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 313.05 Td (ITEM 6. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.00 313.05 Td (EXHIBITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 289.05 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 63.00 277.05 Td (report, and such Index to Exhibits is incorporated herein by reference. ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 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 (44) 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 469.04 659.10 Td (August2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 647.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 647.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 636.30 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 546.8 m 322.5 546.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 546.8 m 326.5 546.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 546.8 m 529.5 546.8 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 615.47 Td (MAGELLAN MIDSTREAM PARTNERS, L.P.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 596.47 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 596.47 Td (Magellan GP, LLC,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.00 581.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 581.47 Td (its general partner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 551.47 Td (/s/ Aaron L. Milford) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 536.47 Td (Aaron L. Milford) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 521.47 Td (Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 506.47 Td (\(Principal Accounting and Financial Officer\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 93 0 obj <> endobj 94 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 (45) 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 12) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.00 602.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 604.17 Td (Ratio of earnings to fixed charges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 585.17 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 142.00 583.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 585.17 Td (Certification of Michael N. Mears, principal executive officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 566.17 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 142.00 564.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 566.17 Td (Certification of Aaron L. Milford, principal financial officer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 547.17 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 142.00 545.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 547.17 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 66.00 528.17 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 142.00 526.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 528.17 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 66.00 509.17 Td (Exhibit 101.INS) Tj ET Q 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 (XBRL Instance Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 490.17 Td (Exhibit 101.SCH) Tj ET Q 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 (XBRL Taxonomy Extension Schema.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 471.17 Td (Exhibit 101.CAL) Tj ET Q 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 (XBRL Taxonomy Extension Calculation Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 451.27 Td (Exhibit 101.DEF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 451.27 Td (XBRL Taxonomy Extension Definition Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 432.27 Td (Exhibit 101.LAB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 432.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 432.27 Td (XBRL Taxonomy Extension Label Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 413.27 Td (Exhibit 101.PRE) 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 162.00 413.27 Td (XBRL Taxonomy Extension Presentation Linkbase.) 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