PLAINS ALL AMERICAN PIPELINE LP PAA Income Statement

Plains all american pipeline lp (PAA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
REVENUES
Total revenues
8,269	9,155	7,886	8,253	8,375	8,785	8,792	8,080	8,398	7,605	5,873	6,078	6,667	5,951	5,170	4,950	4,111	4,996	5,551	6,663	5,942	9,458	11,127	11,195	11,684	10,631	10,703	10,295	10,620	9,439	9,354	9,786	9,218	8,885	8,837	8,859	7,694	7,230	6,414	6,124	6,125	6,079	4,857	4,282	3,302	8,862	9,060
COSTS AND EXPENSES
Purchases and related costs
7,367	8,234	6,855	7,244	7,119	6,955	7,768	7,551	7,519	6,745	5,327	5,320	5,593	5,232	4,429	4,224	3,348	4,135	4,701	5,848	5,042	8,384	10,166	10,280	10,670	9,732	9,909	9,387	9,437	8,512	8,524	8,830	8,502	8,141	8,142	8,202	7,079	6,686	5,971	5,641	5,623	5,620	4,417	3,829	2,790	8,369	8,724
Field operating costs
304	321	316	340	326	333	326	312	292	308	283	304	288	290	289	303	300	343	348	417	346	378	382	360	336	313	326	343	340	320	292	319	249	233	217	223	197	180	176	171	162	163	163	160	152	162	152
General and administrative expenses
69	72	74	75	76	83	74	80	79	66	68	68	74	69	70	73	67	61	60	79	78	68	78	90	89	83	79	91	106	78	81	89	94	95	56	73	70	86	56	56	62	59	52	54	46	39	51
Depreciation and amortization
168	162	156	147	136	134	129	130	127	116	151	129	121	163	33	204	114	113	107	108	104	91	97	100	96	99	93	91	82	126	210	86	60	58	65	63	63	64	61	64	67	63	59	56	58	49	52
(Gains)/losses on asset sales and asset impairments, net (Note 14)
-619	-35	7	4	-4	-	-2	81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment losses (Note 6)
2,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
11,042	8,824	7,394	7,802	7,661	7,470	8,299	7,992	8,017	7,344	5,829	5,821	6,076	5,734	4,821	4,804	3,829	4,652	5,216	6,452	5,570	8,921	10,723	10,830	11,191	10,227	10,407	9,912	9,965	9,036	9,107	9,324	8,905	8,527	8,480	8,561	7,409	7,016	6,264	5,932	5,914	5,905	4,691	4,099	3,046	8,619	8,979
OPERATING INCOME/(LOSS)
-2,773	331	492	451	714	1,315	493	88	381	261	44	257	591	217	349	146	282	344	335	211	372	537	404	365	493	404	296	383	655	403	247	462	313	358	357	298	285	214	150	192	211	174	166	183	256	243	81
OTHER INCOME/(EXPENSE)
Equity earnings in unconsolidated entities
110	114	102	83	89	94	110	96	75	89	80	68	53	62	46	40	47	49	45	52	37	36	29	23	20	23	19	11	11	13	9	9	7	-	4	4	-	0	1	1	1	2	5	5	3	4	4
Gain on/(impairment of) investments in unconsolidated entities, net (Note 7)
-22	-	-	-	267	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investment in unconsolidated entities
-	-	4	-	-	-	210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense (net of capitalized interest of $6 and $11, respectively)
108	113	108	103	101	104	110	111	106	120	134	127	129	128	113	114	112	111	109	107	105	103	85	82	78	89	72	75	77	74	74	75	65	64	62	62	65	64	64	62	58	58	59	56	51	52	49
Other income/(expense), net
-31	0	5	-6	25	-14	-3	11	-1	-26	-1	1	-5	-14	17	25	5	0	-4	1	-4	0	-4	4	-2	-	3	-1	-	0	4	0	2	6	-5	2	-22	-1	-7	2	-3	-2	12	2	4	14	10
INCOME/(LOSS) BEFORE TAX
-2,824	332	495	425	994	1,281	700	84	349	204	-11	199	510	137	299	97	222	282	267	157	300	470	344	310	433	337	246	318	589	342	186	396	257	305	294	242	198	149	80	133	151	116	124	134	212	209	46
Current income tax expense
6	39	19	24	30	32	14	7	13	18	-1	1	10	41	4	9	31	12	11	19	42	9	10	16	36	29	17	8	46	20	10	6	17	12	7	8	11	0	-1	-1	1	11	2	0	2	3	5
Deferred income tax (expense)/benefit
15	-15	22	-47	-6	131	-24	-23	48	-5	-44	9	56	-31	-3	-14	-12	22	6	14	-26	72	10	6	12	-10	-8	10	7	-9	3	4	3	5	-1	1	2	-	-3	1	-1	-5	-1	-2	-1	-	-
NET INCOME/(LOSS)
-2,845	308	454	448	970	-	710	100	-	-	34	189	-	127	298	102	203	248	250	124	284	389	324	288	385	318	237	300	536	331	173	386	237	288	288	233	185	146	84	133	151	111	122	136	211	206	41
Net income attributable to noncontrolling interests
2	-	5	2	-	-	-	-	-	-	1	1	-	1	1	1	1	1	1	0	1	-1	1	1	1	8	6	8	8	10	8	8	7	10	7	8	3	-	3	2	-	-	-	0	-	-	-
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA
-2,847	306	449	446	970	1,118	710	100	288	191	33	188	444	126	297	101	202	247	249	124	283	390	323	287	384	310	231	292	528	321	165	378	230	278	281	225	182	142	81	131	151	-	122	136	-	206	-
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):
Net income/(loss) allocated to common unitholders — Basic
-2,897	256	399	395	917	1,064	658	50	237	139	-8	148	406	91	162	-81	28	94	98	-23	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LIMITED PARTNERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	166	268	-	133	197	433	235	89	303	162	210	221	170	129	88	40	90	112	64	88	102	180	173	16
GENERAL PARTNER
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	121	116	-	98	95	95	86	76	75	68	68	60	55	53	54	41	41	39	46	34	34	31	33	25
Net income/(loss) allocated to common unitholders — Diluted
-2,897	293	436	433	957	1,180	697	50	237	102	-8	148	443	91	162	-81	28	94	98	-23	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supply and Logistics
Total revenues
7,907	8,795	7,541	7,914	8,022	8,445	8,482	7,781	8,111	7,307	5,573	5,781	6,395	5,661	4,876	4,648	3,819	4,702	5,247	6,346	5,632	9,124	10,788	10,856	11,346	10,149	10,386	9,933	10,224	9,071	9,048	9,442	8,877	8,500	8,544	8,586	7,435	6,997	6,179	5,901	5,912	5,881	4,645	4,099	3,132	8,676	8,880
Transportation
Total revenues
187	207	196	188	197	189	161	152	146	153	160	161	138	149	159	170	154	160	172	180	185	200	198	195	181	184	179	165	173	165	150	158	150	144	140	147	141	144	144	139	138	136	147	130	123	147	144
Equity earnings in unconsolidated entities
108	114	102	83	89	94	110	96	75	-	80	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facilities
Total revenues
175	153	149	151	156	151	149	147	141	145	140	136	134	141	135	132	138	134	132	137	125	134	141	144	157	298	138	197	223	203	156	186	191	241	153	126	118	89	91	84	75	62	65	53	47	39	36
Equity earnings in unconsolidated entities
2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Units
Basic weighted average common units outstanding (units)
728	726	728	727	727	728	726	725	725	727	725	725	691	659	401	398	398	398	398	397	383	373	370	365	360	345	343	340	336	334	329	323	314	597	299	149	143	688	136	136	136	137	130	129	124	123	120
Basic net income/(loss) per common unit (usd per unit)
-3.98	0.35	0.55	0.54	1.26	1.46	0.91	0.07	0.33	0.17	-0.01	0.21	0.59	0.16	0.40	-0.20	0.07	0.23	0.25	-0.06	0.36	0.68	0.52	0.45	0.74	0.58	0.38	0.58	1.28	0.69	0.27	0.93	0.52	-0.32	0.74	1.14	0.90	-0.52	0.28	0.65	0.80	0.48	0.65	0.79	1.42	1.42	0.09
Diluted weighted average common units outstanding (units)
728	800	800	800	800	943	799	727	727	662	725	727	758	665	402	398	399	403	399	397	385	375	371	367	363	346	345	342	339	339	331	326	316	602	300	150	144	689	137	137	137	138	131	130	125	124	121
Diluted net income/(loss) per common unit (usd per unit)
-3.98	0.36	0.55	0.54	1.20	1.44	0.87	0.07	0.33	0.17	-0.01	0.21	0.58	0.16	0.40	-0.20	0.07	0.24	0.24	-0.06	0.35	0.68	0.52	0.45	0.73	0.58	0.38	0.57	1.27	0.69	0.27	0.93	0.51	-0.33	0.74	1.13	0.90	-0.53	0.28	0.65	0.80	0.48	0.65	0.78	1.41	1.41	0.09