Phillips 66 Partners LP (PSXP) financial statements (2022 and earlier)

Company profile

Business Address 2331 CITYWEST BLVD.
HOUSTON, TX 77042
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 investments627123727
Cash and cash equivalents627123727
Receivables1261021011071068897
Other undisclosed current assets23364933272124
Total current assets:211209152143140111128
Noncurrent Assets
Property, plant and equipment3,727   3,6393,5753,500
Long-term investments and receivables2,9292,9412,9623,0293,2443,3733,340
Long-term investments2,9292,9412,9623,0293,2443,3733,340
Intangible assets, net (including goodwill)185185185185185185185
Goodwill185185185185185185185
Other noncurrent assets49494950505050
Other undisclosed noncurrent assets 3,6933,6533,646   
Total noncurrent assets:6,8906,8686,8496,9107,1187,1837,075
TOTAL ASSETS:7,1017,0777,0017,0537,2587,2947,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118166103105119171144
Accounts payable679748547310488
Taxes payable16302012112822
Interest and dividends payable35393539353934
Deferred revenue23363438272224
Debt450450465500465340265
Due to related parties30221920191718
Other liabilities6683334
Total current liabilities:627680629666633553455
Noncurrent Liabilities
Long-term debt and lease obligation3,4473,4463,4453,4443,4443,4433,442
Long-term debt, excluding current maturities3,4473,4463,4453,4443,4443,4433,442
Liabilities, other than long-term debt90878890909193
Other liabilities90878890909193
Total noncurrent liabilities:3,5373,5333,5333,5343,5343,5343,535
Total liabilities:4,1644,2134,1624,2004,1674,0873,990
Stockholders' equity
Stockholders' equity attributable to parent(2)(2)(2)(2)(1)(1)(1)
Accumulated other comprehensive loss(2)(2)(2)(2)(1)(1)(1)
Other undisclosed stockholders' equity2,9392,8662,8412,8553,0923,2083,214
Total stockholders' equity:2,9372,8642,8392,8533,0913,2073,213
TOTAL LIABILITIES AND EQUITY:7,1017,0777,0017,0537,2587,2947,203

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
Revenues331283280252265265241
Gross profit:331283280252265265241
Operating expenses(125)(116)(111)(310)(197)(101)(101)
Other operating expense, net
(Other Expenses)
 (1)    (5)
Operating income (loss):206166169(58)68164135
Interest and debt expense(31)(32)(32)(33)(32)(32)(28)
Income (loss) from continuing operations before equity method investments, income taxes:175134137(91)36132107
Income from equity method investments166163142124124129104
Other undisclosed income (loss) from continuing operations before income taxes(39)(42)(44)(44)(48)(44)44
Income (loss) from continuing operations before income taxes:302255235(11)112217255
Income tax expense(3) (1) (1)(1) 
Net income (loss):299255234(11)111216255
Net loss attributable to noncontrolling interest(13)(13)(9)(7)(7)(10) 
Net income (loss) attributable to parent:286242225(18)104206255
Undistributed earnings (loss) allocated to participating securities, basic (30)(14)230 4(46)
Other undisclosed net income (loss) available to common stockholders, basic(186)30  59  
Net income available to common stockholders, diluted:100242211212163210209

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):299255234(11)111216255
Other comprehensive loss   (1)   
Comprehensive income (loss):299255234(12)111216255
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(13)(9)(7)(7)(10) 
Comprehensive income (loss), net of tax, attributable to parent:286242225(19)104206255

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.

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