Phillips 66 (PSX) 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 2911 - Petroleum Refining (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 investments3,1472,8972,2071,3512,5141,4621,890
Cash and cash equivalents3,1472,8972,2071,3512,5141,4621,890
Receivables7,8708,0068,7198,1656,5225,9634,852
Inventory, net of allowances, customer advances and progress billings3,3944,4004,7524,2733,8934,8975,136
Inventory3,3944,4004,7524,2733,8934,8975,136
Other undisclosed current assets286716102629347500621
Total current assets:14,69716,01915,78014,41813,27612,82212,499
Noncurrent Assets
Finance lease, right-of-use asset259   264  
Operating lease, right-of-use asset1,050   1,211  
Long-term investments and receivables, including:14,47114,05913,52013,37613,62413,76713,628
Long-term investments12,832   13,037  
Accounts and financing receivable, after allowance for credit loss959   442  
Other undisclosed long-term investments and receivables68014,05913,52013,37614513,76713,628
Intangible assets, net (including goodwill)2,2972,2472,2502,2612,2682,2742,299
Goodwill1,4841,4251,4251,4251,4251,4251,425
Intangible assets, net (excluding goodwill)813822825836843849874
Other noncurrent assets1,6941,7051,7391,7641,8371,9291,810
Other undisclosed noncurrent assets21,12622,37723,68823,67722,24123,48924,282
Total noncurrent assets:40,89740,38841,19741,07841,44541,45942,019
TOTAL ASSETS:55,59456,40756,97755,49654,72154,28154,518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,8839,4909,4288,6336,5226,1345,948
Accounts payable7,6298,2038,0667,4845,1714,9054,902
Taxes payable1,2541,2871,3621,1491,3511,2291,046
Debt1,4891,4892,4895169871,8601,783
Due to related parties8321,012879762378552466
Other liabilities9591,4661,3431,2041,0581,5241,431
Other undisclosed current liabilities638464412316573443395
Total current liabilities:12,80113,92114,55111,4319,51810,51310,023
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,95913,42112,92414,90614,90612,66612,663
Finance lease, liability257   248  
Operating lease, liability725   853  
Other undisclosed long-term debt and lease obligation11,97713,42112,92414,90613,80512,66612,663
Liabilities, other than long-term debt6,5306,5577,0276,8986,9856,9016,831
Deferred income tax liabilities5,4755,4345,8795,5475,6445,5075,471
Liability, pension and other postretirement and postemployment benefits1,0551,1231,1481,3511,3411,3941,360
Other undisclosed noncurrent liabilities1,6671,9111,8731,8041,7891,8961,706
Total noncurrent liabilities:21,15621,88921,82423,60823,68021,46321,200
Total liabilities:33,95735,81036,37535,03933,19831,97631,223
Stockholders' equity
Stockholders' equity attributable to parent19,16618,13918,14917,97918,98419,72220,715
Common stock7666666
Treasury stock, value(17,116)(17,116)(17,116)(17,116)(17,116)(17,116)(17,116)
Additional paid in capital20,50420,48820,46320,42020,38320,36320,342
Accumulated other comprehensive loss(445)(589)(549)(780)(789)(967)(1,148)
Retained earnings16,21615,35015,34515,44916,50017,43618,631
Stockholders' equity attributable to noncontrolling interest2,4712,4582,4532,4782,5392,5832,580
Total stockholders' equity:21,63720,59720,60220,45721,52322,30523,295
TOTAL LIABILITIES AND EQUITY:55,59456,40756,97755,49654,72154,28154,518

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
Revenues32,60430,24327,00221,62716,40915,92910,913
Cost of revenue
(Cost of Goods and Services Sold)
(29,290)(27,529)(25,218)(20,065)(15,150)(14,509)(9,608)
Gross profit:3,3142,7141,7841,5621,2591,4201,305
Operating expenses(3,563)(2,894)(1,614)(1,992)(3,166)(2,546)(1,440)
Operating income (loss):(249)(180)170(430)(1,907)(1,126)(135)
Nonoperating income1502385115182028
Foreign currency transaction gain (loss), before tax (4)9  (4)(6)
Interest and debt expense(141)(151)(143)(146)(139)(132)(117)
Income (loss) from continuing operations before equity method investments, income taxes:(240)(93)78(561)(2,028)(1,238)(224)
Income from equity method investments807982830285320349157
Other undisclosed loss from continuing operations before income taxes    (320)  
Income (loss) from continuing operations before income taxes:567889908(276)(2,028)(889)(67)
Income tax expense (benefit)(256)40(62)132197624378
Income (loss) before gain (loss) on sale of properties:311929846(144)(1,831)(265)311
Other undisclosed net income (loss)1,060(441)(472)(495)1,337(461)(378)
Net income (loss):1,371488374(639)(494)(726)(67)
Net loss attributable to noncontrolling interest(98)(86)(78)(15)(45)(73)(74)
Net income (loss) attributable to parent:1,273402296(654)(539)(799)(141)
Other undisclosed net loss available to common stockholders, basic(2)(2)(5)(2)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:1,271400291(656)(541)(801)(143)

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):1,371488374(639)(494)(726)(67)
Other comprehensive income (loss)144(40)2319178181(157)
Comprehensive income (loss):1,515448605(630)(316)(545)(224)
Comprehensive loss, net of tax, attributable to noncontrolling interest(98)(86)(78)(15)(45)(73)(74)
Comprehensive income (loss), net of tax, attributable to parent:1,417362527(645)(361)(618)(298)

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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