Phillips 66 (PSX) 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) | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 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 investments | 3,323 | 6,133 | 3,147 | 2,514 | 1,614 | 3,019 | |||
| Cash and cash equivalents | 3,323 | 6,133 | 3,147 | 2,514 | 1,614 | 3,019 | |||
| Receivables | 11,730 | 10,985 | 7,870 | 6,522 | 8,510 | 6,173 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,750 | 3,276 | 3,394 | 3,893 | 3,776 | 3,543 | |||
| Inventory | 3,750 | 3,276 | 3,394 | 3,893 | 3,776 | 3,543 | |||
| Other undisclosed current assets | 1,138 | 1,528 | 286 | 347 | 495 | 474 | |||
| Total current assets: | 19,941 | 21,922 | 14,697 | 13,276 | 14,395 | 13,209 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 298 | 259 | 259 | 264 | 284 | ✕ | |||
| Operating lease, right-of-use asset | 1,116 | 995 | 1,050 | 1,211 | 1,312 | ✕ | |||
| Property, plant and equipment | 22,018 | ||||||||
| Long-term investments and receivables, including: | 15,302 | 14,950 | 14,471 | 13,624 | 14,571 | 14,421 | |||
| Long-term investments | 14,736 | 14,414 | 12,832 | 13,037 | 14,284 | 14,218 | |||
| Accounts and financing receivable, after allowance for credit loss | 379 | 329 | 959 | 442 | 157 | 97 | |||
| Other undisclosed long-term investments and receivables | 187 | 207 | 680 | 145 | 130 | 106 | |||
| Intangible assets, net (including goodwill) | 2,470 | 2,317 | 2,297 | 2,268 | 4,139 | 4,139 | |||
| Goodwill | 1,550 | 1,486 | 1,484 | 1,425 | 3,270 | 3,270 | |||
| Intangible assets, net (excluding goodwill) | 920 | 831 | 813 | 843 | 869 | 869 | |||
| Other noncurrent assets | 2,076 | 2,090 | 1,694 | 1,837 | 1,829 | 515 | |||
| Other undisclosed noncurrent assets | 34,298 | 33,909 | 21,126 | 22,241 | 22,190 | ||||
| Total noncurrent assets: | 55,560 | 54,520 | 40,897 | 41,445 | 44,325 | 41,093 | |||
| TOTAL ASSETS: | 75,501 | 76,442 | 55,594 | 54,721 | 58,720 | 54,302 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,200 | 12,145 | 8,883 | 6,522 | 9,022 | 7,229 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1,254 | 1,351 | 979 | 1,116 | ||
| Accounts payable | 10,748 | 7,629 | 5,171 | 8,043 | 6,113 | ||||
| Accrued liabilities | 1,200 | 1,397 | |||||||
| Debt | 1,482 | 529 | 1,489 | 987 | 547 | 67 | |||
| Other liabilities | 1,410 | 1,876 | 959 | 1,058 | 835 | 442 | |||
| Due to related parties | ✕ | ✕ | 575 | 832 | 378 | 532 | 473 | ||
| Other undisclosed current liabilities | 11,764 | 764 | 638 | 573 | 710 | 724 | |||
| Total current liabilities: | 15,856 | 15,889 | 12,801 | 9,518 | 11,646 | 8,935 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 17,877 | 16,661 | 12,959 | 14,906 | 11,216 | 11,093 | |||
| Finance lease, liability | 280 | 234 | 257 | 248 | 259 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 17,597 | 16,427 | 11,977 | 13,805 | 10,151 | 11,093 | |||
| Liabilities, other than long-term debt | 8,844 | 8,353 | 6,530 | 6,985 | 6,597 | 867 | |||
| Deferred income tax liabilities | 7,424 | 6,671 | 5,475 | 5,644 | 5,553 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 630 | 937 | 1,055 | 1,341 | 1,044 | 867 | |||
| Operating lease, liability | 790 | 745 | 725 | 853 | 806 | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,274 | 1,433 | 1,667 | 1,789 | 2,092 | 6,254 | |||
| Total noncurrent liabilities: | 27,995 | 26,447 | 21,156 | 23,680 | 19,905 | 18,214 | |||
| Total liabilities: | 43,851 | 42,336 | 33,957 | 33,198 | 31,551 | 27,149 | |||
| Equity | |||||||||
| Equity, attributable to parent | 30,583 | 29,494 | 19,166 | 18,984 | 24,910 | 24,653 | |||
| Common stock | 7 | 7 | 7 | 6 | 6 | 6 | |||
| Treasury stock, value | (19,342) | (15,276) | (17,116) | (17,116) | (16,673) | (15,023) | |||
| Additional paid in capital | 19,650 | 19,791 | 20,504 | 20,383 | 20,301 | 19,873 | |||
| Accumulated other comprehensive loss | (282) | (460) | (445) | (789) | (788) | (692) | |||
| Retained earnings | 30,550 | 25,432 | 16,216 | 16,500 | 22,064 | 20,489 | |||
| Equity, attributable to noncontrolling interest | 1,067 | 4,612 | 2,471 | 2,539 | 2,259 | 2,500 | |||
| Total equity: | 31,650 | 34,106 | 21,637 | 21,523 | 27,169 | 27,153 | |||
| TOTAL LIABILITIES AND EQUITY: | 75,501 | 76,442 | 55,594 | 54,721 | 58,720 | 54,302 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 147,399 | 169,990 | 111,476 | 64,129 | 107,293 | 111,461 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (128,086) | (149,932) | (102,102) | (57,707) | (95,529) | (97,930) | ||
| Gross profit: | 19,313 | 20,058 | 9,374 | 6,422 | 11,764 | 13,531 | ||
| Operating expenses | (8,732) | (8,362) | (10,058) | (11,824) | (9,034) | (7,999) | ||
| Operating income (loss): | 10,581 | 11,696 | (684) | (5,402) | 2,730 | 5,532 | ||
| Nonoperating income | 359 | 2,737 | 454 | 66 | 119 | 61 | ||
| Other nonoperating income | 128 | 75 | 78 | 52 | 76 | 16 | ||
| Interest and debt expense | (897) | (619) | (581) | (499) | (458) | (504) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 10,043 | 13,814 | (811) | (5,835) | 2,391 | 5,089 | ||
| Income from equity method investments | 2,017 | 2,968 | 2,904 | 1,191 | 2,127 | 2,676 | ||
| Other undisclosed loss from continuing operations before income taxes | (320) | (340) | (320) | |||||
| Income (loss) from continuing operations before income taxes: | 12,060 | 16,782 | 2,093 | (4,964) | 4,178 | 7,445 | ||
| Income tax expense (benefit) | (2,230) | (3,248) | (146) | 1,250 | (801) | (1,572) | ||
| Income (loss) from continuing operations: | 9,830 | 13,534 | 1,947 | (3,714) | 3,377 | 5,873 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,947 | (3,714) | 3,377 | 5,873 | |
| Other undisclosed net loss | (2,591) | (2,143) | (353) | |||||
| Net income (loss): | 7,239 | 11,391 | 1,594 | (3,714) | 3,377 | 5,873 | ||
| Net loss attributable to noncontrolling interest | (224) | (367) | (277) | (261) | (301) | (278) | ||
| Net income (loss) attributable to parent: | 7,015 | 11,024 | 1,317 | (3,975) | 3,076 | 5,595 | ||
| Other undisclosed net loss available to common stockholders, basic | (11) | (10) | (11) | (8) | (6) | (6) | ||
| Net income (loss) available to common stockholders, basic: | 7,004 | 11,014 | 1,306 | (3,983) | 3,070 | 5,589 | ||
| Other undisclosed net income available to common stockholders, diluted | 11 | 10 | 4 | 6 | ||||
| Net income (loss) available to common stockholders, diluted: | 7,015 | 11,024 | 1,306 | (3,983) | 3,074 | 5,595 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,239 | 11,391 | 1,594 | (3,714) | 3,377 | 5,873 | ||
| Other comprehensive income (loss) | 178 | (15) | 344 | (6) | (7) | (75) | ||
| Comprehensive income (loss): | 7,417 | 11,376 | 1,938 | (3,720) | 3,370 | 5,798 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (224) | (367) | (277) | (261) | (301) | (278) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 7,193 | 11,009 | 1,661 | (3,981) | 3,069 | 5,520 | ||
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.