Plains All American Pipeline, L.P. (PAA) financial statements (2022 and earlier)

Company profile

Business Address 333 CLAY STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4491912430222540
Cash and cash equivalents4491912430222540
Restricted cash and investments43726382164
Receivables4,7053,7653,8973,4012,5532,1531,919
Inventory, net of allowances, customer advances and progress billings783681675484647683662
Inventory783681675484647683662
Other current assets1962341,073483405523476
Total current assets:6,1374,8745,6764,4243,6653,4053,161
Noncurrent Assets
Inventory, Noncurrent253221210178130120125
Finance lease, right-of-use asset99   114  
Operating lease, right-of-use asset393374344361378395416
Property, plant and equipment 13,08413,45114,58414,61114,61814,600
Long-term investments and receivables3,8053,7103,7453,7773,7643,7433,781
Long-term investments3,8053,7103,7453,7773,7643,7433,781
Intangible assets, net (including goodwill)1,960      
Intangible assets, net (excluding goodwill)1,960      
Other noncurrent assets2511,0331,0561,024967999992
Other undisclosed noncurrent assets15,711901909983868966962
Total noncurrent assets:22,47219,32319,71520,90720,83220,84120,876
TOTAL ASSETS:28,60924,19725,39125,33124,49724,24624,037
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8103,8734,1123,3972,4372,0912,141
Accounts payable4,8103,8734,1123,3972,4372,0912,141
Debt8228081,456254831790729
Other liabilities6007165951,027985923763
Total current liabilities:6,2325,3976,1634,6784,2533,8043,633
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,3988,3888,3899,3389,3829,3819,393
Long-term debt, excluding current maturities8,3988,3888,3899,3389,3829,3819,393
Finance lease, liability59   70  
Operating lease, liability339   317  
Other undisclosed long-term debt and lease obligation(398)   (387)  
Liabilities, other than long-term debt830789910928807873853
Other liabilities830789910928807873853
Other undisclosed noncurrent liabilities339326289303317337356
Total noncurrent liabilities:9,5679,5039,58810,56910,50610,59110,602
Total liabilities:15,79914,90015,75115,24714,75914,39514,235
Stockholders' equity
Other undisclosed liabilities and equity12,8109,2979,64010,0849,7389,8519,802
TOTAL LIABILITIES AND EQUITY:28,60924,19725,39125,33124,49724,24624,037

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues12,98910,7769,9308,3835,9635,8333,225
Cost of revenue(11,984)(10,473)(9,842)(7,571)(5,693)(5,265)(2,690)
Cost of goods and services sold(11,761)(10,074)(9,277)(7,392)(5,431)(5,107)(2,525)
Gross profit:1,00530388812270568535
Operating expenses(406)(341)(324)(286)(335)(315)(325)
Operating income (loss):599(38)(236)526(65)253210
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6(10)84(60)46518
Interest and debt expense(106)(106)(107)(107)(107)(113)(108)
Income (loss) from continuing operations before equity method investments, income taxes:499(154)(259)359(126)145120
Income from equity method investments84693388758981
Other undisclosed income (loss) from continuing operations before income taxes2    (91)(69)
Income (loss) from continuing operations before income taxes:585(85)(226)447(51)143132
Income tax expense (benefit)(89)3010(24)26312
Net income (loss):496(55)(216)423(25)146144
Net loss attributable to noncontrolling interest(46)(4)(4)(1)(3)(3)(2)
Net income (loss) available to common stockholders, diluted:450(59)(220)422(28)143142

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):496(55)(216)423(25)146144
Other comprehensive income (loss)1(44) 10814482116
Comprehensive income (loss):497(99)(216)531119228260
Comprehensive loss, net of tax, attributable to noncontrolling interest(46)(4)(4)(1)(3)(3)(2)
Comprehensive income (loss), net of tax, attributable to parent:451(103)(220)530116225258

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: