Phillips 66 Partners LP (PSXP) financial statements (2021 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)

12/31/2019
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 investments28611852488425
Cash and cash equivalents28611852488425
Receivables105958376212211
Prepaid expense  94   
Other current assets    232
Other undisclosed current assets23331518641
Total current assets:4141292921007736439
Noncurrent Assets
Property, plant and equipment3,3493,0522,9182,675492485136
Long-term investments and receivables2,9612,4481,9321,142945  
Long-term investments2,9612,4481,9321,142945  
Intangible assets, net (including goodwill)1851851851853113
Goodwill185185185185333
Intangible assets, net (excluding goodwill)     8 
Deferred rent receivables, net      6
Other noncurrent assets52  211 
Deferred tax assets, net    1 
Other undisclosed noncurrent assets 57566 
Total noncurrent assets:6,5475,6905,0424,0091,446503145
TOTAL ASSETS:6,9615,8195,3344,1091,524540584
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136133886729151
Accounts payable84883931810 
Taxes payable1091510531
Interest and dividends payable42363426152 
Deferred revenue16
Debt25502515   
Accrued environmental loss contingencies    1  
Due to related parties19222112418 
Contract with customer, liability60
Other liabilities3523000
Other undisclosed current liabilities  3514418
Total current liabilities:199270171111383410
Noncurrent Liabilities
Long-term debt and lease obligation3,4912,9982,9202,3961,09118 
Long-term debt, excluding current maturities3,4912,9982,9202,3961,09118 
Liabilities, other than long-term debt43723663654160
Contract with customer, liability23
Asset retirement obligations   9340
Deferred tax liabilities, net  20  
Accrued environmental loss contingencies   21  
Due to related parties     412 
Liabilities of business transferred under contractual arrangement343      
Other liabilities94 662311 
Other undisclosed noncurrent liabilities 1916   0
Total noncurrent liabilities:3,9283,0403,0022,4321,0964341
Total liabilities:4,1273,3103,1732,5431,13346710
Stockholders' equity
Stockholders' equity attributable to parent(1)(1)(1)(1)(2)  
Accumulated other comprehensive loss(1)(1)(1)(1)(2)  
Other undisclosed stockholders' equity2,8352,5102,1621,56739272574
Total stockholders' equity:2,8342,5092,1611,56639072574
TOTAL LIABILITIES AND EQUITY:6,9615,8195,3344,1091,524540584

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
Revenue, net934758266229107
Operating lease, lease income930
Operating leases, income statement, lease revenue599
Gross profit:1,12633946759271229107
Operating expenses(472)(418)(390)(281)(89)(78)(37)
Other operating expense, net
(Other Expenses)
(2)(1)(1)(1)(0)(0) 
Operating income (loss):652(386)55547718215169
Interest and debt expense(108)(115)(101)(52)(34)(5)(0)
Income (loss) from continuing operations before equity method investments, income taxes:544(501)45442514814669
Income from equity method investments53543922311477  
Other undisclosed income (loss) from continuing operations before income taxes(153)862(149)(129)(31)(20)(8)
Income from continuing operations before income taxes:92680052841019512561
Income tax expense(3)(4)(4)(2)(0)(1)(1)
Net income attributable to parent:92379652440819412461
Preferred stock dividends and other adjustments     (5)(0)
Net income available to common stockholders, diluted:92379652440819412061

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:92379652440819412461
Comprehensive income:92379652440819412461
Other undisclosed comprehensive income, net of tax, attributable to parent   1   
Comprehensive income, net of tax, attributable to parent:92379652440919412461

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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