Phillips 66 (PSX) 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 2911 - Petroleum Refining (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 investments3,1472,5141,6143,0193,1192,7113,074
Cash and cash equivalents3,1472,5141,6143,0193,1192,7113,074
Receivables7,8706,5228,5106,1737,506878707
Inventory, net of allowances, customer advances and progress billings3,3943,8933,7763,5433,3953,1503,477
Inventory3,3943,8933,7763,5433,3953,1503,477
Other undisclosed current assets2863474954743705,9414,998
Total current assets:14,69713,27614,39513,20914,39012,68012,256
Noncurrent Assets
Finance lease, right-of-use asset259264284
Operating lease, right-of-use asset1,0501,2111,312
Property, plant and equipment   22,01821,46020,85519,721
Long-term investments and receivables, including:14,47113,62414,57114,42113,94113,53412,143
Long-term investments12,83213,03714,28414,21813,84713,20012,059
Accounts and financing receivable, after allowance for credit loss959442157979433484
Other undisclosed long-term investments and receivables680145130106   
Intangible assets, net (including goodwill)2,2972,2684,1394,1394,1464,1584,181
Goodwill1,4841,4253,2703,2703,2703,2703,275
Intangible assets, net (excluding goodwill)813843869869876888906
Other noncurrent assets1,6941,8371,829515434426279
Other undisclosed noncurrent assets21,12622,24122,190    
Total noncurrent assets:40,89741,44544,32541,09339,98138,97336,324
TOTAL ASSETS:55,59454,72158,72054,30254,37151,65348,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,8836,5229,0227,2298,2447,2006,033
Accounts payable7,6295,1718,0436,1137,2426,3955,155
Taxes payable1,2541,3519791,1161,002805878
Debt1,489987547674155044
Due to related parties832378532473785666500
Other liabilities9591,058835442455520378
Other undisclosed current liabilities638573710724582527576
Total current liabilities:12,8019,51811,6468,93510,1079,4637,531
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,95914,90611,21611,09310,0699,5888,843
Finance lease, liability257248259
Operating lease, liability725853806
Other undisclosed long-term debt and lease obligation11,97713,80510,15111,09310,0699,5888,843
Liabilities, other than long-term debt6,5306,9856,5978675,8927,9597,326
Deferred tax liabilities, net 5,0086,7436,041
Deferred income tax liabilities5,4755,6445,553
Liability, pension and other postretirement and postemployment benefits1,0551,3411,0448678841,2161,285
Other undisclosed noncurrent liabilities1,6671,7892,0926,254875918942
Total noncurrent liabilities:21,15623,68019,90518,21416,83618,46517,111
Total liabilities:33,95733,19831,55127,14926,94327,92824,642
Stockholders' equity
Stockholders' equity attributable to parent19,16618,98424,91024,65325,08522,39023,100
Common stock7666666
Treasury stock, value(17,116)(17,116)(16,673)(15,023)(10,378)(8,788)(7,746)
Additional paid in capital20,50420,38320,30119,87319,76819,55919,145
Accumulated other comprehensive loss(445)(789)(788)(692)(617)(995)(653)
Retained earnings16,21616,50022,06420,48916,30612,60812,348
Stockholders' equity attributable to noncontrolling interest2,4712,5392,2592,5002,3431,335838
Total stockholders' equity:21,63721,52327,16927,15327,42823,72523,938
TOTAL LIABILITIES AND EQUITY:55,59454,72158,72054,30254,37151,65348,580

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
Revenues111,47664,129107,293111,461102,35484,27998,975
Revenue, net102,35484,27998,975
Cost of revenue
(Cost of Goods and Services Sold)
(102,102)(57,707)(95,529)(97,930)(92,463)(62,468)(73,399)
Gross profit:9,3746,42211,76413,5319,89121,81125,576
Operating expenses(10,058)(11,824)(9,034)(7,999)(7,818)(7,107)(7,070)
Operating income (loss):(684)(5,402)2,7305,5322,07314,70418,506
Nonoperating income454661196152174118
Other nonoperating income78527616675691
Interest and debt expense(581)(499)(458)(504)(438)(338)(310)
Income (loss) from continuing operations before equity method investments, income taxes:(811)(5,835)2,3915,0892,15614,44018,314
Income from equity method investments2,9041,1912,1272,6761,7321,4141,573
Other undisclosed loss from continuing operations before income taxes (320)(340)(320)(333)(13,663)(13,843)
Income (loss) from continuing operations before income taxes:2,093(4,964)4,1787,4453,5552,1916,044
Income tax expense (benefit)(146)1,250(801)(1,572)1,693(547)(1,764)
Income (loss) before gain (loss) on sale of properties:1,947(3,714)3,3775,8735,2481,6444,280
Other undisclosed net loss(353)      
Net income (loss):1,594(3,714)3,3775,8735,2481,6444,280
Net loss attributable to noncontrolling interest(277)(261)(301)(278)(142)(89)(53)
Net income (loss) attributable to parent:1,317(3,975)3,0765,5955,1061,5554,227
Other undisclosed net loss available to common stockholders, basic(11)(8)(6)(6)(6)(6)(6)
Net income (loss) available to common stockholders, basic:1,306(3,983)3,0705,5895,1001,5494,221
Other undisclosed net income available to common stockholders, diluted  46616
Net income (loss) available to common stockholders, diluted:1,306(3,983)3,0745,5955,1061,5504,227

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):1,594(3,714)3,3775,8735,2481,6444,280
Other comprehensive income (loss)344(6)(7)(75)378(342)(122)
Comprehensive income (loss):1,938(3,720)3,3705,7985,6261,3024,158
Comprehensive loss, net of tax, attributable to noncontrolling interest(277)(261)(301)(278)(142)(89)(53)
Comprehensive income (loss), net of tax, attributable to parent:1,661(3,981)3,0695,5205,4841,2134,105

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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