Phillips 66 Partners LP (PSXP) financial statements (2022 and earlier)

Company profile

Business Address 2331 CITYWEST BLVD.
HOUSTON, TX 77042
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 investments6272861185248
Cash and cash equivalents6272861185248
Receivables12610610595837621
Prepaid expense    94 
Other current assets      2
Other undisclosed current assets2327233315186
Total current assets:21114041412929210077
Noncurrent Assets
Property, plant and equipment3,7273,6393,3493,0522,9182,675492
Long-term investments and receivables2,9293,2442,9612,4481,9321,142945
Long-term investments2,9293,2442,9612,4481,9321,142945
Intangible assets, net (including goodwill)1851851851851851853
Goodwill1851851851851851853
Other noncurrent assets495052  21
Other undisclosed noncurrent assets   5756
Total noncurrent assets:6,8907,1186,5475,6905,0424,0091,446
TOTAL ASSETS:7,1017,2586,9615,8195,3344,1091,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118119136133886729
Accounts payable6773848839318
Taxes payable161110915105
Interest and dividends payable35354236342615
Deferred revenue232716
Debt45046525502515 
Accrued environmental loss contingencies      1
Due to related parties3019192221124
Contract with customer, liability60
Other liabilities6335230
Other undisclosed current liabilities    35144
Total current liabilities:62763319927017111138
Noncurrent Liabilities
Long-term debt and lease obligation3,4473,4443,4912,9982,9202,3961,091
Long-term debt, excluding current maturities3,4473,4443,4912,9982,9202,3961,091
Liabilities, other than long-term debt90904372366365
Contract with customer, liability23
Asset retirement obligations     93
Deferred tax liabilities, net  20
Accrued environmental loss contingencies     21
Liabilities of business transferred under contractual arrangement  343    
Other liabilities909094 66231
Other undisclosed noncurrent liabilities   1916  
Total noncurrent liabilities:3,5373,5343,9283,0403,0022,4321,096
Total liabilities:4,1644,1674,1273,3103,1732,5431,133
Stockholders' equity
Stockholders' equity attributable to parent(2)(1)(1)(1)(1)(1)(2)
Accumulated other comprehensive loss(2)(1)(1)(1)(1)(1)(2)
Other undisclosed stockholders' equity2,9393,0922,8352,5102,1621,567392
Total stockholders' equity:2,9373,0912,8342,5092,1611,566390
TOTAL LIABILITIES AND EQUITY:7,1017,2586,9615,8195,3344,1091,524

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
Revenues1,1461,0381,12633946759271
Revenue, net934758266
Operating lease, lease income  930
Operating leases, income statement, lease revenue599
Gross profit:1,1461,0381,12633946759271
Operating expenses(662)(504)(472)(418)(390)(281)(89)
Other operating expense, net
(Other Expenses)
(1)(7)(2)(1)(1)(1)(0)
Operating income (loss):483527652(386)555477182
Interest and debt expense(128)(121)(108)(115)(101)(52)(34)
Income (loss) from continuing operations before equity method investments, income taxes:355406544(501)454425148
Income from equity method investments59549353543922311477
Other undisclosed income (loss) from continuing operations before income taxes(169)(88)(153)862(149)(129)(31)
Income from continuing operations before income taxes:781811926800528410195
Income tax expense(4)(3)(3)(4)(4)(2)(0)
Net income:777808923796524408194
Net loss attributable to noncontrolling interest(42)(17)     
Net income available to common stockholders, diluted:735791923796524408194

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:777808923796524408194
Other comprehensive loss(1)      
Comprehensive income:776808923796524408194
Comprehensive loss, net of tax, attributable to noncontrolling interest(42)(17)     
Other undisclosed comprehensive income, net of tax, attributable to parent     1 
Comprehensive income, net of tax, attributable to parent:734791923796524409194

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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