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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,1333,1472,5141,6143,0193,119
Cash and cash equivalents6,1333,1472,5141,6143,0193,119
Receivables10,9857,8706,5228,5106,1737,506
Inventory, net of allowances, customer advances and progress billings3,2763,3943,8933,7763,5433,395
Inventory3,2763,3943,8933,7763,5433,395
Other undisclosed current assets1,528286347495474370
Total current assets:21,92214,69713,27614,39513,20914,390
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 259259264284
Operating lease, right-of-use asset 9951,0501,2111,312
Property, plant and equipment     22,01821,460
Long-term investments and receivables, including:14,95014,47113,62414,57114,42113,941
Long-term investments 14,41412,83213,03714,28414,21813,847
Accounts and financing receivable, after allowance for credit loss 3299594421579794
Other undisclosed long-term investments and receivables207680145130106 
Intangible assets, net (including goodwill)2,3172,2972,2684,1394,1394,146
Goodwill1,4861,4841,4253,2703,2703,270
Intangible assets, net (excluding goodwill)831813843869869876
Other noncurrent assets2,0901,6941,8371,829515434
Other undisclosed noncurrent assets33,90921,12622,24122,190  
Total noncurrent assets:54,52040,89741,44544,32541,09339,981
TOTAL ASSETS:76,44255,59454,72158,72054,30254,371
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,1458,8836,5229,0227,2298,244
Taxes payable1,2541,3519791,1161,002
Accounts payable 10,7487,6295,1718,0436,1137,242
Accrued liabilities1,397     
Debt5291,4899875476741
Due to related parties575832378532473785
Other liabilities1,8769591,058835442455
Other undisclosed current liabilities764638573710724582
Total current liabilities:15,88912,8019,51811,6468,93510,107
Noncurrent Liabilities
Long-term debt and lease obligation, including:16,66112,95914,90611,21611,09310,069
Finance lease, liability 234257248259
Other undisclosed long-term debt and lease obligation16,42711,97713,80510,15111,09310,069
Liabilities, other than long-term debt8,3536,5306,9856,5978675,892
Deferred tax liabilities, net 5,008
Deferred income tax liabilities6,6715,4755,6445,553
Liability, pension and other postretirement and postemployment benefits9371,0551,3411,044867884
Operating lease, liability 745725853806
Other undisclosed noncurrent liabilities1,4331,6671,7892,0926,254875
Total noncurrent liabilities:26,44721,15623,68019,90518,21416,836
Total liabilities:42,33633,95733,19831,55127,14926,943
Equity
Equity, attributable to parent29,49419,16618,98424,91024,65325,085
Common stock776666
Treasury stock, value(15,276)(17,116)(17,116)(16,673)(15,023)(10,378)
Additional paid in capital19,79120,50420,38320,30119,87319,768
Accumulated other comprehensive loss(460)(445)(789)(788)(692)(617)
Retained earnings25,43216,21616,50022,06420,48916,306
Equity, attributable to noncontrolling interest4,6122,4712,5392,2592,5002,343
Total equity:34,10621,63721,52327,16927,15327,428
TOTAL LIABILITIES AND EQUITY:76,44255,59454,72158,72054,30254,371

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues169,990111,47664,129107,293111,461102,354
Revenue, net102,354
Cost of revenue
(Cost of Goods and Services Sold)
(149,932)(102,102)(57,707)(95,529)(97,930)(92,463)
Gross profit:20,0589,3746,42211,76413,5319,891
Operating expenses(8,362)(10,058)(11,824)(9,034)(7,999)(7,818)
Operating income (loss):11,696(684)(5,402)2,7305,5322,073
Nonoperating income2,7374546611961521
Other nonoperating income 757852761667
Interest and debt expense(619)(581)(499)(458)(504)(438)
Income (loss) from continuing operations before equity method investments, income taxes:13,814(811)(5,835)2,3915,0892,156
Income from equity method investments2,9682,9041,1912,1272,6761,732
Other undisclosed loss from continuing operations before income taxes   (320)(340)(320)(333)
Income (loss) from continuing operations before income taxes:16,7822,093(4,964)4,1787,4453,555
Income tax expense (benefit)(3,248)(146)1,250(801)(1,572)1,693
Income (loss) from continuing operations:13,5341,947(3,714)3,3775,8735,248
Income (loss) before gain (loss) on sale of properties:1,947(3,714)3,3775,8735,248
Other undisclosed net loss(2,143)(353)    
Net income (loss):11,3911,594(3,714)3,3775,8735,248
Net loss attributable to noncontrolling interest(367)(277)(261)(301)(278)(142)
Net income (loss) attributable to parent:11,0241,317(3,975)3,0765,5955,106
Other undisclosed net loss available to common stockholders, basic(10)(11)(8)(6)(6)(6)
Net income (loss) available to common stockholders, basic:11,0141,306(3,983)3,0705,5895,100
Other undisclosed net income available to common stockholders, diluted10  466
Net income (loss) available to common stockholders, diluted:11,0241,306(3,983)3,0745,5955,106

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):11,3911,594(3,714)3,3775,8735,248
Other comprehensive income (loss)(15)344(6)(7)(75)378
Comprehensive income (loss):11,3761,938(3,720)3,3705,7985,626
Comprehensive loss, net of tax, attributable to noncontrolling interest(367)(277)(261)(301)(278)(142)
Comprehensive income (loss), net of tax, attributable to parent:11,0091,661(3,981)3,0695,5205,484

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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