Plains All American Pipeline, L.P. (PAA) financial statements (2020 and earlier)

Company profile

Business Address 333 CLAY STREET
HOUSTON, TX 77002
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments456637472740341
Cash and cash equivalents456637472740341
Restricted cash and investments37      
Receivables3,6142,4543,0292,2791,7852,6153,638
Inventory, net of allowances, customer advances and progress billings6046407131,3439168911,065
Inventory6046407131,3439168911,065
Other current assets312373221603241270220
Total current assets:4,6123,5334,0004,2722,9694,1794,964
Noncurrent Assets
Inventory, Noncurrent182136164193129186251
Operating lease, right-of-use asset466
Property, plant and equipment15,35514,78714,08913,87213,47412,27210,819
Long-term investments and receivables3,6832,7022,7562,3432,0271,735485
Long-term investments3,6832,7022,7562,3432,0271,735485
Intangible assets, net (including goodwill)2,5403,2933,4102,5862,6882,8312,923
Goodwill2,5402,5212,5662,3442,4052,4652,503
Intangible assets, net (excluding goodwill) 772844242283366420
Derivative instruments and hedges    92730
Regulated entity, other noncurrent assets      70
Deferred costs     92 
Other noncurrent assets858916904290386489540
Other undisclosed noncurrent assets98114428654606445278
Total noncurrent assets:24,06521,97821,35119,93819,31918,07715,396
TOTAL ASSETS:28,67725,51125,35124,21022,28822,25620,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,6862,7043,4572,5882,0382,9863,983
Accounts payable3,6862,704     
Other undisclosed accounts payable and accrued liabilities  3,4572,5882,0382,9863,983
Debt504667371,7159991,2871,113
Accrued environmental loss contingencies     1311
Customer advances and deposits   180
Other liabilities827686337361370482315
Other undisclosed current liabilities     (193)(11)
Total current liabilities:5,0173,4564,5314,6643,4074,7555,411
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,1879,1439,18310,12410,3758,7626,715
Long-term debt, excluding current maturities9,1879,1439,18310,12410,3759,3306,730
Operating lease, liability387
Other undisclosed long-term debt and lease obligation(387)    (568)(15)
Liabilities, other than long-term debt, including:891910679606567548531
Accrued environmental loss contingencies   861046982
Other undisclosed liabilities, other than long-term debt891910679520463479449
Other undisclosed noncurrent liabilities387      
Total noncurrent liabilities:10,46510,0539,86210,73010,9429,3107,246
Total liabilities:15,48213,50914,39315,39414,34914,06512,657
Stockholders' equity
Stockholders' equity attributable to parent  (223)(1,009)(1,081)(467)(97)
Accumulated other comprehensive loss  (223)(1,009)(1,081)(467)(97)
Total stockholders' equity:  (223)(1,009)(1,081)(467)(97)
Other undisclosed liabilities and equity13,19512,00211,1819,8259,0208,6587,800
TOTAL LIABILITIES AND EQUITY:28,67725,51125,35124,21022,28822,25620,360

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues33,66934,05526,22320,18223,15243,46442,249
Cost of revenue(30,081)(30,199)(23,611)(17,727)(20,158)(39,893)(38,840)
Cost of goods and services sold(29,452)(29,793)(22,985)(17,233)(19,726)(289)(7)
Other undisclosed gross profit     (1,280)(1,242)
Gross profit:3,5883,8562,6122,4552,9942,2912,167
Operating expenses(1,600)(1,579)(1,459)(1,461)(1,732)(1,780)(1,681)
Other undisclosed operating income     1,2801,242
Operating income:1,9882,2771,1539941,2621,7911,728
Nonoperating income (expense)24193(31)33(7)(15)2
Investment income, nonoperating 200     
Foreign currency transaction gain (loss), before tax     (13)1
Other nonoperating income (expense)24(7)(31)33(7)(2)1
Interest and debt expense(425)(431)(510)(467)(432)(342)(311)
Income from continuing operations before equity method investments, income taxes:1,5872,0396125608231,4341,419
Income from equity method investments38837529019518310864
Other undisclosed income from continuing operations before income taxes271    157
Income from continuing operations before income taxes:2,2462,4149027551,0061,5571,490
Income tax expense(66)(198)(44)(25)(100)(171)(99)
Net income:2,1802,2168587309061,3861,391
Net loss attributable to noncontrolling interest(9) (2)(4)(3)(2)(30)
Net income attributable to parent:2,1712,2168567269031,3841,361
Preferred stock dividends and other adjustments   (534)(608)(19)(16)
Net income available to common stockholders, diluted:2,1712,2168561922951,3651,345

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,1802,2168587309061,3861,391
Other comprehensive income (loss)97(260)23972(614)(370)(177)
Comprehensive income:2,2771,9561,0978022921,0161,214
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9) (2)(4)(3)(2)30
Other undisclosed comprehensive loss, net of tax, attributable to parent      (60)
Comprehensive income, net of tax, attributable to parent:2,2681,9561,0957982891,0141,184

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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