Phillips 66 Partners LP (PSXP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2331 CITYWEST BLVD. HOUSTON, TX 77042 |
| 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 thousands)Annual | Quarterly
| 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 investments | 71,000 | 2,000 | 3,000 | 7,000 | 2,000 | 7,000 | |||
| Cash and cash equivalents | 71,000 | 2,000 | 3,000 | 7,000 | 2,000 | 7,000 | |||
| Receivables | 102,000 | 101,000 | 107,000 | 106,000 | 88,000 | 97,000 | |||
| Other undisclosed current assets | 36,000 | 49,000 | 33,000 | 27,000 | 21,000 | 24,000 | |||
| Total current assets: | 209,000 | 152,000 | 143,000 | 140,000 | 111,000 | 128,000 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,639,000 | 3,575,000 | 3,500,000 | ||||||
| Long-term investments and receivables | 2,941,000 | 2,962,000 | 3,029,000 | 3,244,000 | 3,373,000 | 3,340,000 | |||
| Long-term investments | 2,941,000 | 2,962,000 | 3,029,000 | 3,244,000 | 3,373,000 | 3,340,000 | |||
| Intangible assets, net (including goodwill) | 185,000 | 185,000 | 185,000 | 185,000 | 185,000 | 185,000 | |||
| Goodwill | 185,000 | 185,000 | 185,000 | 185,000 | 185,000 | 185,000 | |||
| Other noncurrent assets | 49,000 | 49,000 | 50,000 | 50,000 | 50,000 | 50,000 | |||
| Other undisclosed noncurrent assets | 3,693,000 | 3,653,000 | 3,646,000 | ||||||
| Total noncurrent assets: | 6,868,000 | 6,849,000 | 6,910,000 | 7,118,000 | 7,183,000 | 7,075,000 | |||
| TOTAL ASSETS: | 7,077,000 | 7,001,000 | 7,053,000 | 7,258,000 | 7,294,000 | 7,203,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 166,000 | 103,000 | 105,000 | 119,000 | 171,000 | 144,000 | |||
| Interest and dividends payable | 39,000 | 35,000 | 39,000 | 35,000 | 39,000 | 34,000 | |||
| Taxes payable | 30,000 | 20,000 | 12,000 | 11,000 | 28,000 | 22,000 | |||
| Accounts payable | 97,000 | 48,000 | 54,000 | 73,000 | 104,000 | 88,000 | |||
| Deferred revenue | 36,000 | 34,000 | 38,000 | 27,000 | 22,000 | 24,000 | |||
| Debt | 450,000 | 465,000 | 500,000 | 465,000 | 340,000 | 265,000 | |||
| Due to related parties | 22,000 | 19,000 | 20,000 | 19,000 | 17,000 | 18,000 | |||
| Other liabilities | 6,000 | 8,000 | 3,000 | 3,000 | 3,000 | 4,000 | |||
| Total current liabilities: | 680,000 | 629,000 | 666,000 | 633,000 | 553,000 | 455,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,446,000 | 3,445,000 | 3,444,000 | 3,444,000 | 3,443,000 | 3,442,000 | |||
| Long-term debt, excluding current maturities | 3,446,000 | 3,445,000 | 3,444,000 | 3,444,000 | 3,443,000 | 3,442,000 | |||
| Liabilities, other than long-term debt | 87,000 | 88,000 | 90,000 | 90,000 | 91,000 | 93,000 | |||
| Other liabilities | 87,000 | 88,000 | 90,000 | 90,000 | 91,000 | 93,000 | |||
| Total noncurrent liabilities: | 3,533,000 | 3,533,000 | 3,534,000 | 3,534,000 | 3,534,000 | 3,535,000 | |||
| Total liabilities: | 4,213,000 | 4,162,000 | 4,200,000 | 4,167,000 | 4,087,000 | 3,990,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | (2,000) | (2,000) | (2,000) | (1,000) | (1,000) | (1,000) | |||
| Accumulated other comprehensive loss | (2,000) | (2,000) | (2,000) | (1,000) | (1,000) | (1,000) | |||
| Other undisclosed equity | 2,866,000 | 2,841,000 | 2,855,000 | 3,092,000 | 3,208,000 | 3,214,000 | |||
| Total equity: | 2,864,000 | 2,839,000 | 2,853,000 | 3,091,000 | 3,207,000 | 3,213,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,077,000 | 7,001,000 | 7,053,000 | 7,258,000 | 7,294,000 | 7,203,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 283,000 | 280,000 | 252,000 | 265,000 | 265,000 | 241,000 | ||
| Gross profit: | 283,000 | 280,000 | 252,000 | 265,000 | 265,000 | 241,000 | ||
| Operating expenses | (116,000) | (111,000) | (310,000) | (197,000) | (101,000) | (101,000) | ||
| Other operating expense, net (Other Expenses) | (1,000) | (5,000) | ||||||
| Operating income (loss): | 166,000 | 169,000 | (58,000) | 68,000 | 164,000 | 135,000 | ||
| Interest and debt expense | (32,000) | (32,000) | (33,000) | (32,000) | (32,000) | (28,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 134,000 | 137,000 | (91,000) | 36,000 | 132,000 | 107,000 | ||
| Income from equity method investments | 163,000 | 142,000 | 124,000 | 124,000 | 129,000 | 104,000 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (42,000) | (44,000) | (44,000) | (48,000) | (44,000) | 44,000 | ||
| Income (loss) from continuing operations before income taxes: | 255,000 | 235,000 | (11,000) | 112,000 | 217,000 | 255,000 | ||
| Income tax expense | (1,000) | (1,000) | (1,000) | |||||
| Income (loss) from continuing operations: | 255,000 | 234,000 | (11,000) | 111,000 | 216,000 | 255,000 | ||
| Income (loss) before gain (loss) on sale of properties: | 255,000 | 234,000 | (11,000) | 111,000 | 216,000 | 255,000 | ||
| Net income (loss): | 255,000 | 234,000 | (11,000) | 111,000 | 216,000 | 255,000 | ||
| Net loss attributable to noncontrolling interest | (13,000) | (9,000) | (7,000) | (7,000) | (10,000) | |||
| Net income (loss) attributable to parent: | 242,000 | 225,000 | (18,000) | 104,000 | 206,000 | 255,000 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (30,000) | (14,000) | 230,000 | 4,000 | (46,000) | |||
| Other undisclosed net income (loss) available to common stockholders, basic | 30,000 | 59,000 | ||||||
| Net income available to common stockholders, diluted: | 242,000 | 211,000 | 212,000 | 163,000 | 210,000 | 209,000 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 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): | 255,000 | 234,000 | (11,000) | 111,000 | 216,000 | 255,000 | ||
| Other comprehensive loss | (1,000) | |||||||
| Comprehensive income (loss): | 255,000 | 234,000 | (12,000) | 111,000 | 216,000 | 255,000 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (13,000) | (9,000) | (7,000) | (7,000) | (10,000) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 242,000 | 225,000 | (19,000) | 104,000 | 206,000 | 255,000 | ||
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.