Plains GP Holdings L.P. (PAGP) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments453404452254769
Cash and cash equivalents453404452254769
Restricted cash and investments   43837 
Receivables3,7603,9074,7052,5533,6142,454
Inventory, net of allowances, customer advances and progress billings548729783647604640
Inventory548729783647604640
Other current assets155318196405312373
Total current assets:4,9165,3586,1403,6684,6143,536
Noncurrent Assets
Inventory, Noncurrent265284253130182136
Finance lease, right-of-use asset, after accumulated amortization 988399114 
Operating lease, right-of-use asset313349393378466
Property, plant and equipment    14,62015,36714,802
Long-term investments and receivables2,8203,0843,8053,7643,6832,702
Long-term investments2,8203,0843,8053,7643,6832,702
Intangible assets, net (including goodwill)1,8752,1451,960 2,5403,293
Goodwill     2,5402,521
Intangible assets, net (excluding goodwill)1,8752,1451,960  772
Deferred income tax assets1,2391,3091,3621,444 
Other noncurrent assets411464249965856913
Other undisclosed noncurrent assets16,66016,13115,7178682,2611,448
Total noncurrent assets:23,68123,84923,83822,28325,35523,294
TOTAL ASSETS:28,59729,20729,97825,95129,96926,830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8454,0454,8112,4253,6872,705
Accounts payable3,8454,0454,8112,4253,6872,705
Debt4461,15982283150466
Other liabilities714689601999828687
Total current liabilities:5,0055,8936,2344,2555,0193,458
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3057,2878,3989,3829,1879,143
Long-term debt, excluding current maturities7,3057,2878,3989,3829,1879,143
Finance lease, liability 63505970 
Other undisclosed long-term debt and lease obligation (63)(50)(398)(387)(387) 
Liabilities, other than long-term debt, including:1,3151,389830807891910
Other liabilities1,0411,081830807  
Operating lease, liability274308339317387
Other undisclosed liabilities, other than long-term debt     891910
Other undisclosed noncurrent liabilities   339317387 
Total noncurrent liabilities:8,6208,6769,56710,50610,46510,053
Total liabilities:13,62514,56915,80114,76115,48413,511
Equity
Other undisclosed liabilities and equity14,97214,63814,17711,19014,48513,319
TOTAL LIABILITIES AND EQUITY:28,59729,20729,97825,95129,96926,830

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues48,71257,34242,07823,29033,66934,055
Cost of revenue(45,430)(54,413)(39,873)(24,321)(30,084)(30,200)
Cost of goods and services sold(44,531)(53,176)(38,504)(20,431)(29,452)(29,793)
Gross profit:3,2822,9292,205(1,031)3,5853,855
Operating expenses(1,781)(1,645)(1,363)(1,352)(1,605)(1,583)
Operating income (loss):1,5011,284842(2,383)1,9802,272
Nonoperating income (expense)102(219)193924193
Investment income, nonoperating      200
Other nonoperating income (expense)102(219)193924(7)
Interest and debt expense(386)(405)(425)(436)(425)(431)
Income (loss) from continuing operations before equity method investments, income taxes:1,217660436(2,780)1,5792,034
Income from equity method investments369403274355388375
Other undisclosed income (loss) from continuing operations before income taxes283462(182)271 
Income (loss) from continuing operations before income taxes:1,6141,409712(2,607)2,2382,409
Income tax expense (benefit)(189)(246)(112)167(176)(302)
Income (loss) from continuing operations:1,4251,163600(2,440)2,0622,107
Income (loss) before gain (loss) on sale of properties:600(2,440)2,0622,107
Net income (loss):1,4251,163600(2,440)2,0622,107
Net income (loss) attributable to noncontrolling interest(1,227)(995)(540)1,872(1,731)(1,773)
Net income (loss) available to common stockholders, basic:19816860(568)331334
Dilutive securities, effect on basic earnings per share    (189)2262
Net income (loss) available to common stockholders, diluted:19816860(757)333596

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,4251,163600(2,440)2,0622,107
Other comprehensive income (loss)118(101)651597(260)
Comprehensive income (loss):1,5431,062665(2,425)2,1591,847
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,312)(922)(588)1,863(1,805)(1,570)
Comprehensive income (loss), net of tax, attributable to parent:23114077(562)354277

Statements Sources

The financial statements are based on the Company's filings with 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.

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