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)

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 investments476940503040443
Cash and cash equivalents476940503040443
Restricted cash and investments37      
Receivables3,6142,4543,0292,2791,7852,6153,637
Inventory, net of allowances, customer advances and progress billings6046407131,3439168911,065
Inventory6046407131,3439168911,065
Other current assets312373221603241271220
Total current assets:4,6143,5364,0034,2752,9724,1814,965
Noncurrent Assets
Inventory, Noncurrent182136164193129186251
Operating lease, right-of-use asset466
Property, plant and equipment15,36714,80214,10513,89013,49312,29210,841
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      72
Deferred costs     94 
Other noncurrent assets8569139012863834891,610
Other undisclosed noncurrent assets2,2611,4481,4142,5302,4412,148276
Total noncurrent assets:25,35523,29422,75021,82821,17019,80216,488
TOTAL ASSETS:29,96926,83026,75326,10324,14223,98321,453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,6872,7053,4592,5902,0402,9873,985
Accounts payable3,6872,705     
Other undisclosed accounts payable and accrued liabilities  3,4592,5902,0402,9873,985
Debt504667371,7159991,2871,113
Accrued environmental loss contingencies     1311
Customer advances and deposits   180
Other liabilities828687337361370482315
Other undisclosed current liabilities     (193)(11)
Total current liabilities:5,0193,4584,5334,6663,4094,7565,413
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,1879,1439,18310,12410,9329,2987,230
Long-term debt, excluding current maturities9,1879,1439,18310,12410,93210,4027,760
Operating lease, liability387
Other undisclosed long-term debt and lease obligation(387)    (1,104)(530)
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:10,46510,0539,86210,73011,4999,8467,761
Total liabilities:15,48413,51114,39515,39614,90814,60213,174
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 equity14,48513,31912,58111,71610,3159,8488,376
TOTAL LIABILITIES AND EQUITY:29,96926,83026,75326,10324,14223,98321,453

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(30,084)(30,200)(23,613)(17,728)(20,159)(39,895)(38,843)
Cost of goods and services sold(29,452)(29,793)(22,985)(17,233)(19,726)(289)(7)
Other undisclosed gross profit     (1,278)(1,239)
Gross profit:3,5853,8552,6102,4542,9932,2912,167
Operating expenses(1,605)(1,583)(1,463)(1,464)(1,735)(1,786)(1,682)
Other undisclosed operating income     1,2781,239
Operating income:1,9802,2721,1479901,2581,7831,724
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)(480)(443)(352)(317)
Income from continuing operations before equity method investments, income taxes:1,5792,0346065438081,4161,409
Income from equity method investments38837529019518310864
Other undisclosed income from continuing operations before income taxes271    167
Income from continuing operations before income taxes:2,2382,4098967389911,5401,480
Income tax expense(176)(302)(937)(78)(182)(212)(106)
Net income (loss):2,0622,107(41)6608091,3281,374
Net loss attributable to noncontrolling interest(1,731)(1,773)(690)(566)(691)(1,258)(1,359)
Net income (loss) available to common stockholders, basic:331334(731)941187015
Dilutive securities, effect on basic earnings per share2262     
Net income (loss) available to common stockholders, diluted:333596(731)941187015

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 (loss):2,0622,107(41)6608091,3281,374
Other comprehensive income (loss)97(260)23972(614)(370)(176)
Comprehensive income:2,1591,8471987321959581,198
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,805)(1,570)(881)(618)(82)(890)1,183
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2,366)
Comprehensive income (loss), net of tax, attributable to parent:354277(683)1141136815

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: