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 investments | 452 | 25 | 47 | 69 | 40 | 50 | 30 | ||
| Cash and cash equivalents | 452 | 25 | 47 | 69 | 40 | 50 | 30 | ||
| Restricted cash and investments | 4 | 38 | 37 | ||||||
| Receivables | 4,705 | 2,553 | 3,614 | 2,454 | 3,029 | 2,279 | 1,785 | ||
| Inventory, net of allowances, customer advances and progress billings | 783 | 647 | 604 | 640 | 713 | 1,343 | 916 | ||
| Inventory | 783 | 647 | 604 | 640 | 713 | 1,343 | 916 | ||
| Other current assets | 196 | 405 | 312 | 373 | 221 | 603 | 241 | ||
| Total current assets: | 6,140 | 3,668 | 4,614 | 3,536 | 4,003 | 4,275 | 2,972 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 253 | 130 | 182 | 136 | 164 | 193 | 129 | ||
| Finance lease, right-of-use asset | 99 | 114 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 393 | 378 | 466 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 14,620 | 15,367 | 14,802 | 14,105 | 13,890 | 13,493 | |||
| Long-term investments and receivables | 3,805 | 3,764 | 3,683 | 2,702 | 2,756 | 2,343 | 2,027 | ||
| Long-term investments | 3,805 | 3,764 | 3,683 | 2,702 | 2,756 | 2,343 | 2,027 | ||
| Intangible assets, net (including goodwill) | 1,960 | 2,540 | 3,293 | 3,410 | 2,586 | 2,688 | |||
| Goodwill | 2,540 | 2,521 | 2,566 | 2,344 | 2,405 | ||||
| Intangible assets, net (excluding goodwill) | 1,960 | 772 | 844 | 242 | 283 | ||||
| Derivative instruments and hedges | 9 | ||||||||
| Deferred income tax assets | 1,362 | 1,444 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 249 | 965 | 856 | 913 | 901 | 286 | 383 | ||
| Other undisclosed noncurrent assets | 15,717 | 868 | 2,261 | 1,448 | 1,414 | 2,530 | 2,441 | ||
| Total noncurrent assets: | 23,838 | 22,283 | 25,355 | 23,294 | 22,750 | 21,828 | 21,170 | ||
| TOTAL ASSETS: | 29,978 | 25,951 | 29,969 | 26,830 | 26,753 | 26,103 | 24,142 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,811 | 2,425 | 3,687 | 2,705 | 3,459 | 2,590 | 2,040 | ||
| Accounts payable | 4,811 | 2,425 | 3,687 | 2,705 | |||||
| Other undisclosed accounts payable and accrued liabilities | 3,459 | 2,590 | 2,040 | ||||||
| Debt | 822 | 831 | 504 | 66 | 737 | 1,715 | 999 | ||
| Other liabilities | 601 | 999 | 828 | 687 | 337 | 361 | 370 | ||
| Total current liabilities: | 6,234 | 4,255 | 5,019 | 3,458 | 4,533 | 4,666 | 3,409 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,398 | 9,382 | 9,187 | 9,143 | 9,183 | 10,124 | 10,932 | ||
| Long-term debt, excluding current maturities | 8,398 | 9,382 | 9,187 | 9,143 | 9,183 | 10,124 | 10,932 | ||
| Finance lease, liability | 59 | 70 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 339 | 317 | 387 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (398) | (387) | (387) | ||||||
| Liabilities, other than long-term debt, including: | 830 | 807 | 891 | 910 | 679 | 606 | 567 | ||
| Accrued environmental loss contingencies | 86 | 104 | |||||||
| Other liabilities | 830 | 807 | |||||||
| Other undisclosed liabilities, other than long-term debt | 891 | 910 | 679 | 520 | 463 | ||||
| Other undisclosed noncurrent liabilities | 339 | 317 | 387 | ||||||
| Total noncurrent liabilities: | 9,567 | 10,506 | 10,465 | 10,053 | 9,862 | 10,730 | 11,499 | ||
| Total liabilities: | 15,801 | 14,761 | 15,484 | 13,511 | 14,395 | 15,396 | 14,908 | ||
| 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 equity | 14,177 | 11,190 | 14,485 | 13,319 | 12,581 | 11,716 | 10,315 | ||
| TOTAL LIABILITIES AND EQUITY: | 29,978 | 25,951 | 29,969 | 26,830 | 26,753 | 26,103 | 24,142 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 42,078 | 23,290 | 33,669 | 34,055 | 26,223 | 20,182 | 23,152 | |
| 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) | 3,585 | 3,855 | 2,610 | 2,454 | 2,993 | |
| Operating expenses | (1,363) | (1,352) | (1,605) | (1,583) | (1,463) | (1,464) | (1,735) | |
| Operating income (loss): | 842 | (2,383) | 1,980 | 2,272 | 1,147 | 990 | 1,258 | |
| Nonoperating income (expense) | 19 | 39 | 24 | 193 | (31) | 33 | (7) | |
| Investment income, nonoperating | 200 | |||||||
| Other nonoperating income (expense) | 19 | 39 | 24 | (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) | 1,579 | 2,034 | 606 | 543 | 808 | |
| Income from equity method investments | 274 | 355 | 388 | 375 | 290 | 195 | 183 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 2 | (182) | 271 | |||||
| Income (loss) from continuing operations before income taxes: | 712 | (2,607) | 2,238 | 2,409 | 896 | 738 | 991 | |
| Income tax expense (benefit) | (112) | 167 | (176) | (302) | (937) | (78) | (182) | |
| Net income (loss): | 600 | (2,440) | 2,062 | 2,107 | (41) | 660 | 809 | |
| 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) | 331 | 334 | (731) | 94 | 118 | |
| Dilutive securities, effect on basic earnings per share | (189) | 2 | 262 | |||||
| Net income (loss) available to common stockholders, diluted: | 60 | (757) | 333 | 596 | (731) | 94 | 118 | |
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) | 2,062 | 2,107 | (41) | 660 | 809 | |
| Other comprehensive income (loss) | 65 | 15 | 97 | (260) | 239 | 72 | (614) | |
| Comprehensive income (loss): | 665 | (2,425) | 2,159 | 1,847 | 198 | 732 | 195 | |
| 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) | 354 | 277 | (683) | 114 | 113 | |
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.