Plains Group Holdings, L.P. (PAGP) financial statements (2021 and earlier)

Company profile

Business Address 333 CLAY ST
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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments254769405030404
Cash and cash equivalents254769405030404
Restricted cash and investments3837     
Receivables2,5533,6142,4543,0292,2791,7852,615
Inventory, net of allowances, customer advances and progress billings6476046407131,343916891
Inventory6476046407131,343916891
Other current assets405312373221603241271
Total current assets:3,6684,6143,5364,0034,2752,9724,181
Noncurrent Assets
Inventory, Noncurrent130182136164193129186
Finance lease, right-of-use asset114 ✕✕✕✕✕
Operating lease, right-of-use asset378466✕✕✕✕✕
Property, plant and equipment14,62015,36714,80214,10513,89013,49312,292
Long-term investments and receivables3,7643,6832,7022,7562,3432,0271,735
Long-term investments3,7643,6832,7022,7562,3432,0271,735
Intangible assets, net (including goodwill) 2,5403,2933,4102,5862,6882,831
Goodwill 2,5402,5212,5662,3442,4052,465
Intangible assets, net (excluding goodwill)  772844242283366
Derivative instruments and hedges     927
Deferred costs      94
Deferred income tax assets1,444 ✕✕✕✕✕
Other noncurrent assets965856913901286383489
Other undisclosed noncurrent assets8682,2611,4481,4142,5302,4412,148
Total noncurrent assets:22,28325,35523,29422,75021,82821,17019,802
TOTAL ASSETS:25,95129,96926,83026,75326,10324,14223,983
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4253,6872,7053,4592,5902,0402,987
Accounts payable2,4253,6872,705    
Other undisclosed accounts payable and accrued liabilities   3,4592,5902,0402,987
Debt831504667371,7159991,287
Accrued environmental loss contingencies      13
Customer advances and deposits✕✕✕   180
Other liabilities999828687337361370482
Other undisclosed current liabilities      (193)
Total current liabilities:4,2555,0193,4584,5334,6663,4094,756
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,3829,1879,1439,18310,12410,9329,298
Long-term debt, excluding current maturities9,3829,1879,1439,18310,12410,93210,402
Finance lease, liability70 ✕✕✕✕✕
Operating lease, liability317387✕✕✕✕✕
Other undisclosed long-term debt and lease obligation(387)(387)    (1,104)
Liabilities, other than long-term debt, including:807891910679606567548
Accrued environmental loss contingencies    8610469
Other liabilities807      
Other undisclosed liabilities, other than long-term debt 891910679520463479
Other undisclosed noncurrent liabilities317387     
Total noncurrent liabilities:10,50610,46510,0539,86210,73011,4999,846
Total liabilities:14,76115,48413,51114,39515,39614,90814,602
Stockholders' equity
Stockholders' equity attributable to parent   (223)(1,009)(1,081)(467)
Accumulated other comprehensive loss   (223)(1,009)(1,081)(467)
Total stockholders' equity:   (223)(1,009)(1,081)(467)
Other undisclosed liabilities and equity11,19014,48513,31912,58111,71610,3159,848
TOTAL LIABILITIES AND EQUITY:25,95129,96926,83026,75326,10324,14223,983

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues23,29033,66934,05526,22320,18223,15243,464
Cost of revenue(24,321)(30,084)(30,200)(23,613)(17,728)(20,159)(39,895)
Cost of goods and services sold(20,431)(29,452)(29,793)(22,985)(17,233)(19,726)(289)
Other undisclosed gross profit      (1,278)
Gross profit:(1,031)3,5853,8552,6102,4542,9932,291
Operating expenses(1,352)(1,605)(1,583)(1,463)(1,464)(1,735)(1,786)
Other undisclosed operating income      1,278
Operating income (loss):(2,383)1,9802,2721,1479901,2581,783
Nonoperating income (expense)3924193(31)33(7)(15)
Investment income, nonoperating  200    
Foreign currency transaction loss, before tax      (13)
Other nonoperating income (expense)3924(7)(31)33(7)(2)
Interest and debt expense(436)(425)(431)(510)(480)(443)(352)
Income (loss) from continuing operations before equity method investments, income taxes:(2,780)1,5792,0346065438081,416
Income from equity method investments355388375290195183108
Other undisclosed income (loss) from continuing operations before income taxes(182)271    16
Income (loss) from continuing operations before income taxes:(2,607)2,2382,4098967389911,540
Income tax expense (benefit)167(176)(302)(937)(78)(182)(212)
Net income (loss):(2,440)2,0622,107(41)6608091,328
Net income (loss) attributable to noncontrolling interest1,872(1,731)(1,773)(690)(566)(691)(1,258)
Net income (loss) available to common stockholders, basic:(568)331334(731)9411870
Dilutive securities, effect on basic earnings per share(189)2262    
Net income (loss) available to common stockholders, diluted:(757)333596(731)9411870

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2,440)2,0622,107(41)6608091,328
Other comprehensive income (loss)1597(260)23972(614)(370)
Comprehensive income (loss):(2,425)2,1591,847198732195958
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,863(1,805)(1,570)(881)(618)(82)(890)
Comprehensive income (loss), net of tax, attributable to parent:(562)354277(683)11411368

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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