Plains GP Holdings, L.P. (PAGP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments452254769405030
Cash and cash equivalents452254769405030
Restricted cash and investments43837    
Receivables4,7052,5533,6142,4543,0292,2791,785
Inventory, net of allowances, customer advances and progress billings7836476046407131,343916
Inventory7836476046407131,343916
Other current assets196405312373221603241
Total current assets:6,1403,6684,6143,5364,0034,2752,972
Noncurrent Assets
Inventory, Noncurrent253130182136164193129
Finance lease, right-of-use asset99114 
Operating lease, right-of-use asset393378466
Property, plant and equipment 14,62015,36714,80214,10513,89013,493
Long-term investments and receivables3,8053,7643,6832,7022,7562,3432,027
Long-term investments3,8053,7643,6832,7022,7562,3432,027
Intangible assets, net (including goodwill)1,960 2,5403,2933,4102,5862,688
Goodwill  2,5402,5212,5662,3442,405
Intangible assets, net (excluding goodwill)1,960  772844242283
Derivative instruments and hedges      9
Deferred income tax assets1,3621,444 
Other noncurrent assets249965856913901286383
Other undisclosed noncurrent assets15,7178682,2611,4481,4142,5302,441
Total noncurrent assets:23,83822,28325,35523,29422,75021,82821,170
TOTAL ASSETS:29,97825,95129,96926,83026,75326,10324,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,8112,4253,6872,7053,4592,5902,040
Accounts payable4,8112,4253,6872,705   
Other undisclosed accounts payable and accrued liabilities    3,4592,5902,040
Debt822831504667371,715999
Other liabilities601999828687337361370
Total current liabilities:6,2344,2555,0193,4584,5334,6663,409
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,3989,3829,1879,1439,18310,12410,932
Long-term debt, excluding current maturities8,3989,3829,1879,1439,18310,12410,932
Finance lease, liability5970 
Operating lease, liability339317387
Other undisclosed long-term debt and lease obligation(398)(387)(387)    
Liabilities, other than long-term debt, including:830807891910679606567
Accrued environmental loss contingencies     86104
Other liabilities830807     
Other undisclosed liabilities, other than long-term debt  891910679520463
Other undisclosed noncurrent liabilities339317387    
Total noncurrent liabilities:9,56710,50610,46510,0539,86210,73011,499
Total liabilities:15,80114,76115,48413,51114,39515,39614,908
Stockholders' equity
Stockholders' equity attributable to parent    (223)(1,009)(1,081)
Accumulated other comprehensive loss    (223)(1,009)(1,081)
Total stockholders' equity:    (223)(1,009)(1,081)
Other undisclosed liabilities and equity14,17711,19014,48513,31912,58111,71610,315
TOTAL LIABILITIES AND EQUITY:29,97825,95129,96926,83026,75326,10324,142

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues42,07823,29033,66934,05526,22320,18223,152
Cost of revenue(39,873)(24,321)(30,084)(30,200)(23,613)(17,728)(20,159)
Cost of goods and services sold(38,504)(20,431)(29,452)(29,793)(22,985)(17,233)(19,726)
Gross profit:2,205(1,031)3,5853,8552,6102,4542,993
Operating expenses(1,363)(1,352)(1,605)(1,583)(1,463)(1,464)(1,735)
Operating income (loss):842(2,383)1,9802,2721,1479901,258
Nonoperating income (expense)193924193(31)33(7)
Investment income, nonoperating   200   
Other nonoperating income (expense)193924(7)(31)33(7)
Interest and debt expense(425)(436)(425)(431)(510)(480)(443)
Income (loss) from continuing operations before equity method investments, income taxes:436(2,780)1,5792,034606543808
Income from equity method investments274355388375290195183
Other undisclosed income (loss) from continuing operations before income taxes2(182)271    
Income (loss) from continuing operations before income taxes:712(2,607)2,2382,409896738991
Income tax expense (benefit)(112)167(176)(302)(937)(78)(182)
Net income (loss):600(2,440)2,0622,107(41)660809
Net income (loss) attributable to noncontrolling interest(540)1,872(1,731)(1,773)(690)(566)(691)
Net income (loss) available to common stockholders, basic:60(568)331334(731)94118
Dilutive securities, effect on basic earnings per share (189)2262   
Net income (loss) available to common stockholders, diluted:60(757)333596(731)94118

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):600(2,440)2,0622,107(41)660809
Other comprehensive income (loss)651597(260)23972(614)
Comprehensive income (loss):665(2,425)2,1591,847198732195
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(588)1,863(1,805)(1,570)(881)(618)(82)
Comprehensive income (loss), net of tax, attributable to parent:77(562)354277(683)114113

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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