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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments453262936529404625
Cash and cash equivalents453262936529404625
Receivables3,7604,2533,2203,9683,9074,101
Inventory, net of allowances, customer advances and progress billings548617367463729603
Inventory548617367463729603
Other current assets155201137165318247
Total current assets:4,9165,3334,6605,1255,3585,576
Noncurrent Assets
Inventory, Noncurrent265327270257284301
Finance lease, right-of-use asset, after accumulated amortization 98   83 
Operating lease, right-of-use asset313315339347349338
Long-term investments and receivables2,8202,8303,0623,0703,0843,684
Long-term investments2,8202,8303,0623,0703,0843,684
Intangible assets, net (including goodwill)1,8751,9691,9992,0732,1451,785
Intangible assets, net (excluding goodwill)1,8751,9691,9992,0732,1451,785
Deferred income tax assets1,2391,2591,2631,2781,3091,325
Other noncurrent assets411417386430464256
Other undisclosed noncurrent assets16,66016,54716,18816,15916,13115,523
Total noncurrent assets:23,68123,66423,50723,61423,84923,212
TOTAL ASSETS:28,59728,99728,16728,73929,20728,788
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8454,1463,2964,0104,0453,997
Accounts payable3,8454,1463,2964,0104,0453,997
Debt4467107097081,159459
Other liabilities714752649650689879
Total current liabilities:5,0055,6084,6545,3685,8935,335
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3057,2967,2887,2887,2877,986
Long-term debt, excluding current maturities7,3057,2967,2887,2887,2877,986
Finance lease, liability 63   50 
Other undisclosed long-term debt and lease obligation (63)   (50) 
Liabilities, other than long-term debt1,3151,2821,3581,3191,3891,095
Other liabilities1,0411,0021,0591,0121,0811,095
Operating lease, liability274280299307308 
Other undisclosed noncurrent liabilities      300
Total noncurrent liabilities:8,6208,5788,6468,6078,6769,381
Total liabilities:13,62514,18613,30013,97514,56914,716
Equity
Other undisclosed liabilities and equity14,97214,81114,86714,76414,63814,072
TOTAL LIABILITIES AND EQUITY:28,59728,99728,16728,73929,20728,788

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues12,69812,07111,60212,34112,95214,336
Cost of revenue(11,824)(11,374)(10,807)(11,426)(12,565)(13,310)
Cost of goods and services sold(11,559)(11,106)(10,544)(11,323)(11,995)(13,071)
Gross profit:8746977959153871,026
Operating expenses(451)(465)(420)(444)(427)(402)
Operating income (loss):423232375471(40)624
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
17 206418(82)
Interest and debt expense(96)(97)(95)(98)(100)(99)
Income (loss) from continuing operations before equity method investments, income taxes:344135300437(122)443
Income from equity method investments9299898997105
Other undisclosed income from continuing operations before income taxes  29  3451
Income from continuing operations before income taxes:436263389526320549
Income tax expense (benefit)(55)5(56)(83)(25)(129)
Income from continuing operations:381268333443295420
Income before gain (loss) on sale of properties:420
Net income:381268333443295420
Net loss attributable to noncontrolling interest(329)(239)(285)(374)(251)(349)
Net income available to common stockholders, diluted:522948694471

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:381268333443295420
Other comprehensive income (loss)68(35)85(1)49(173)
Comprehensive income:449233418442344247
Comprehensive loss, net of tax, attributable to noncontrolling interest(378)(214)(346)(373)(286)(224)
Comprehensive income, net of tax, attributable to parent:711972695823

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.

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: