Phillips 66 (PSX) 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 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5141,6143,0193,1192,7113,0745,207
Cash and cash equivalents2,5141,6143,0193,1192,7113,0745,207
Receivables6,5228,5106,1737,5068787072
Inventory, net of allowances, customer advances and progress billings3,8933,7763,5433,3953,1503,4773,397
Inventory3,8933,7763,5433,3953,1503,4773,397
Other undisclosed current assets3474954743705,9414,9988,090
Total current assets:13,27614,39513,20914,39012,68012,25616,696
Noncurrent Assets
Finance lease, right-of-use asset264284
Operating lease, right-of-use asset1,2111,312
Property, plant and equipment  22,01821,46020,85519,72117,346
Long-term investments and receivables, including:13,62414,57114,42113,94113,53412,14310,189
Long-term investments13,03714,28414,21813,84713,20012,05910,113
Accounts and financing receivable, after allowance for credit loss44215797943348476
Other undisclosed long-term investments and receivables145130106    
Intangible assets, net (including goodwill)2,2684,1394,1394,1464,1584,1814,174
Goodwill1,4253,2703,2703,2703,2703,2753,274
Intangible assets, net (excluding goodwill)843869869876888906900
Other noncurrent assets1,8371,829515434426279336
Other undisclosed noncurrent assets22,24122,190     
Total noncurrent assets:41,44544,32541,09339,98138,97336,32432,045
TOTAL ASSETS:54,72158,72054,30254,37151,65348,58048,741
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5229,0227,2298,2447,2006,0338,366
Accounts payable5,1718,0436,1137,2426,3955,1557,488
Taxes payable1,3519791,1161,002805878878
Debt987547674155044842
Due to related parties378532473785666500576
Other liabilities1,058835442455520378848
Other undisclosed current liabilities573710724582527576462
Total current liabilities:9,51811,6468,93510,1079,4637,53111,094
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,90611,21611,09310,0699,5888,8437,842
Finance lease, liability248259
Operating lease, liability853806
Other undisclosed long-term debt and lease obligation13,80510,15111,09310,0699,5888,8437,842
Liabilities, other than long-term debt6,9856,5978675,8927,9597,3266,796
Deferred tax liabilities, net 5,0086,7436,0415,491
Deferred income tax liabilities5,6445,553
Liability, pension and other postretirement and postemployment benefits1,3411,0448678841,2161,2851,305
Other undisclosed noncurrent liabilities1,7892,0926,254875918942972
Total noncurrent liabilities:23,68019,90518,21416,83618,46517,11115,610
Total liabilities:33,19831,55127,14926,94327,92824,64226,704
Stockholders' equity
Stockholders' equity attributable to parent18,98424,91024,65325,08522,39023,10021,590
Common stock6666666
Treasury stock, value(17,116)(16,673)(15,023)(10,378)(8,788)(7,746)(6,234)
Additional paid in capital20,38320,30119,87319,76819,55919,14519,040
Accumulated other comprehensive loss(789)(788)(692)(617)(995)(653)(531)
Retained earnings16,50022,06420,48916,30612,60812,3489,309
Stockholders' equity attributable to noncontrolling interest2,5392,2592,5002,3431,335838447
Total stockholders' equity:21,52327,16927,15327,42823,72523,93822,037
TOTAL LIABILITIES AND EQUITY:54,72158,72054,30254,37151,65348,58048,741

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues64,129107,293111,461102,35484,27998,975161,212
Revenue, net102,35484,27998,975161,212
Cost of revenue
(Cost of Goods and Services Sold)
(57,707)(95,529)(97,930)(92,463)(62,468)(73,399)(150,446)
Gross profit:6,42211,76413,5319,89121,81125,57610,766
Operating expenses(11,824)(9,034)(7,999)(7,818)(7,107)(7,070)(7,329)
Operating income (loss):(5,402)2,7305,5322,07314,70418,5063,437
Nonoperating income661196152174118120
Foreign currency transaction loss, before tax      (26)
Other nonoperating income52761667569199
Interest and debt expense(499)(458)(504)(438)(338)(310)(267)
Income (loss) from continuing operations before equity method investments, income taxes:(5,835)2,3915,0892,15614,44018,3143,290
Income from equity method investments1,1912,1272,6761,7321,4141,5732,466
Other undisclosed loss from continuing operations before income taxes(320)(340)(320)(333)(13,663)(13,843)(11)
Income (loss) from continuing operations before income taxes:(4,964)4,1787,4453,5552,1916,0445,745
Income tax expense (benefit)1,250(801)(1,572)1,693(547)(1,764)(1,654)
Income (loss) from continuing operations:(3,714)3,3775,8735,2481,6444,2804,091
Income from discontinued operations      706
Net income (loss):(3,714)3,3775,8735,2481,6444,2804,797
Net loss attributable to noncontrolling interest(261)(301)(278)(142)(89)(53)(35)
Net income (loss) attributable to parent:(3,975)3,0765,5955,1061,5554,2274,762
Preferred stock dividends and other adjustments      (7)
Other undisclosed net loss available to common stockholders, basic(8)(6)(6)(6)(6)(6) 
Net income (loss) available to common stockholders, basic:(3,983)3,0705,5895,1001,5494,2214,755
Other undisclosed net income available to common stockholders, diluted 466167
Net income (loss) available to common stockholders, diluted:(3,983)3,0745,5955,1061,5504,2274,762

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,714)3,3775,8735,2481,6444,2804,797
Other comprehensive income (loss)(6)(7)(75)378(342)(122)(568)
Comprehensive income (loss):(3,720)3,3705,7985,6261,3024,1584,229
Comprehensive loss, net of tax, attributable to noncontrolling interest(261)(301)(278)(142)(89)(53)(35)
Comprehensive income (loss), net of tax, attributable to parent:(3,981)3,0695,5205,4841,2134,1054,194

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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