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)

12/31/2019
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 investments1,6143,0193,1192,7113,0745,2075,400
Cash and cash equivalents1,6143,0193,1192,7113,0745,2075,400
Receivables8,5106,1737,50687870721,685
Inventory, net of allowances, customer advances and progress billings3,7763,5433,3953,1503,4773,3973,354
Inventory3,7763,5433,3953,1503,4773,3973,354
Deferred tax assets     291
Other undisclosed current assets4954743705,9414,9988,0908,507
Total current assets:14,39513,20914,39012,68012,25616,69619,237
Noncurrent Assets
Finance lease, right-of-use asset284
Operating lease, right-of-use asset1,312
Property, plant and equipment 22,01821,46020,85519,72117,34615,398
Long-term investments and receivables, including:14,57114,42113,94113,53412,14310,18911,220
Long-term investments14,28414,21813,84713,20012,05910,11311,146
Accounts and financing receivable, after allowance for credit loss1579794334847674
Other undisclosed long-term investments and receivables130106     
Intangible assets, net (including goodwill)4,1394,1394,1464,1584,1814,1743,794
Goodwill3,2703,2703,2703,2703,2753,2743,096
Intangible assets, net (excluding goodwill)869869876888906900698
Other noncurrent assets1,829515434426279336149
Other undisclosed noncurrent assets22,190      
Total noncurrent assets:44,32541,09339,98138,97336,32432,04530,561
TOTAL ASSETS:58,72054,30254,37151,65348,58048,74149,798
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0227,2298,2447,2006,0338,366872
Accounts payable8,0436,1137,2426,3955,1557,488 
Taxes payable9791,1161,002805878878872
Debt54767415504484224
Due to related parties532473785666500576 
Other liabilities835442455520378848469
Other undisclosed current liabilities71072458252757646211,566
Total current liabilities:11,6468,93510,1079,4637,53111,09412,931
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,21611,09310,0699,5888,8437,8426,131
Finance lease, liability259
Operating lease, liability806
Other undisclosed long-term debt and lease obligation10,15111,09310,0699,5888,8437,8426,131
Liabilities, other than long-term debt6,5978675,8927,9597,3266,7967,046
Pension and other postretirement defined benefit plans, liabilities921
Deferred tax liabilities, net 5,0086,7436,0415,4916,125
Deferred income tax liabilities5,553
Liability, pension and other postretirement and postemployment benefits1,0448678841,2161,2851,305
Other undisclosed noncurrent liabilities2,0926,2548759189429721,298
Total noncurrent liabilities:19,90518,21416,83618,46517,11115,61014,475
Total liabilities:31,55127,14926,94327,92824,64226,70427,406
Stockholders' equity
Stockholders' equity attributable to parent24,91024,65325,08522,39023,10021,59021,950
Common stock6666666
Treasury stock, value(16,673)(15,023)(10,378)(8,788)(7,746)(6,234)(2,602)
Additional paid in capital20,30119,87319,76819,55919,14519,04018,887
Accumulated other comprehensive income (loss)(788)(692)(617)(995)(653)(531)37
Retained earnings22,06420,48916,30612,60812,3489,3095,622
Stockholders' equity attributable to noncontrolling interest2,2592,5002,3431,335838447442
Total stockholders' equity:27,16927,15327,42823,72523,93822,03722,392
TOTAL LIABILITIES AND EQUITY:58,72054,30254,37151,65348,58048,74149,798

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
Revenues107,293111,461102,35484,27998,975161,212171,596
Revenue, net102,35484,27998,975161,212171,596
Cost of revenue
(Cost of Goods and Services Sold)
(95,529)(97,930)(92,463)(62,468)(73,399)(150,446)(162,111)
Gross profit:11,76413,5319,89121,81125,57610,7669,485
Operating expenses(9,034)(7,999)(7,818)(7,107)(7,070)(7,329)(6,753)
Operating income:2,7305,5322,07314,70418,5063,4372,732
Nonoperating income119615217411812085
Investment income, nonoperating      20
Foreign currency transaction gain (loss), before tax     (26)40
Other nonoperating income76166756919965
Interest and debt expense(458)(504)(438)(338)(310)(267)(275)
Income from continuing operations before equity method investments, income taxes:2,3915,0892,15614,44018,3143,2902,542
Income from equity method investments2,1272,6761,7321,4141,5732,4663,073
Other undisclosed loss from continuing operations before income taxes(340)(320)(333)(13,663)(13,843)(11)(89)
Income from continuing operations before income taxes:4,1787,4453,5552,1916,0445,7455,526
Income tax expense (benefit)(801)(1,572)1,693(547)(1,764)(1,654)(1,844)
Income from continuing operations:3,3775,8735,2481,6444,2804,0913,682
Income from discontinued operations     70661
Net income:3,3775,8735,2481,6444,2804,7973,743
Net loss attributable to noncontrolling interest(301)(278)(142)(89)(53)(35)(17)
Net income attributable to parent:3,0765,5955,1061,5554,2274,7623,726
Preferred stock dividends and other adjustments     (7)(5)
Other undisclosed net loss available to common stockholders, basic(6)(6)(6)(6)(6)  
Net income available to common stockholders, basic:3,0705,5895,1001,5494,2214,7553,721
Other undisclosed net income available to common stockholders, diluted4661675
Net income available to common stockholders, diluted:3,0745,5955,1061,5504,2274,7623,726

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:3,3775,8735,2481,6444,2804,7973,743
Other comprehensive income (loss)(7)(75)378(342)(122)(568)351
Comprehensive income:3,3705,7985,6261,3024,1584,2294,094
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(301)(278)(142)(89)(53)(35)17
Other undisclosed comprehensive loss, net of tax, attributable to parent      (34)
Comprehensive income, net of tax, attributable to parent:3,0695,5205,4841,2134,1054,1944,077

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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