PLAINS ALL AMERICAN PIPELINE LP PAA Income Statement

Plains all american pipeline lp (PAA)

Income statement / TTM

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
33,563	33,669	33,299	34,205	34,032	34,055	32,875	29,956	27,954	26,223	24,569	23,866	22,738	20,182	19,227	19,608	21,321	23,152	27,614	33,190	37,722	43,464	44,637	44,213	43,313	42,249	41,057	39,708	39,199	37,797	37,243	36,726	35,799	34,275	32,620	30,197	27,462	25,893	24,742	23,185	21,343	18,520	21,303	25,506	0	0	0
COSTS AND EXPENSES
Purchases and related costs
29,700	29,452	28,173	29,086	29,393	29,793	29,583	27,142	24,911	22,985	21,472	20,574	19,478	17,233	16,136	16,408	18,032	19,726	23,975	29,440	33,872	39,500	40,848	40,591	39,698	38,465	37,245	35,860	35,303	34,368	33,997	33,615	32,987	31,564	30,109	27,938	25,377	23,921	22,855	21,301	19,489	16,656	19,405	23,712	0	0	0
Field operating costs
1,281	1,303	1,315	1,325	1,297	1,263	1,238	1,195	1,187	1,183	1,165	1,171	1,170	1,182	1,235	1,294	1,408	1,454	1,489	1,523	1,466	1,456	1,391	1,335	1,318	1,322	1,329	1,295	1,271	1,180	1,093	1,018	922	870	817	776	724	689	672	659	648	638	637	626	0	0	0
General and administrative expenses
290	297	308	308	313	316	299	293	281	276	279	281	286	279	271	261	267	278	285	303	314	325	340	341	342	359	354	356	354	342	359	334	318	294	285	285	268	260	233	229	227	211	191	190	0	0	0
Depreciation and amortization
633	601	573	546	529	520	502	524	523	517	564	446	521	514	464	538	442	432	410	400	392	384	392	388	379	365	392	509	504	482	414	269	246	249	255	251	252	256	255	253	245	236	222	215	0	0	0
(Gains)/losses on asset sales and asset impairments, net (Note 14)
-643	-28	5	79	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment losses (Note 6)
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
35,062	31,681	30,327	31,232	31,422	31,778	31,652	29,182	27,011	25,070	23,460	22,452	21,435	19,188	18,106	18,501	20,149	21,890	26,159	31,666	36,044	41,665	42,971	42,655	41,737	40,511	39,320	38,020	37,432	36,372	35,863	35,236	34,473	32,977	31,466	29,250	26,621	25,126	24,015	22,442	20,609	17,741	20,455	24,743	0	0	0
OPERATING INCOME/(LOSS)
-1,499	1,988	2,972	2,973	2,610	2,277	1,223	774	943	1,153	1,109	1,414	1,303	994	1,121	1,107	1,172	1,262	1,455	1,524	1,678	1,799	1,666	1,558	1,576	1,738	1,737	1,688	1,767	1,425	1,380	1,490	1,326	1,298	1,154	947	841	767	727	743	734	779	848	763	0	0	0
OTHER INCOME/(EXPENSE)
Equity earnings in unconsolidated entities
409	388	368	376	389	375	370	340	312	290	263	229	201	195	182	181	193	183	170	154	125	108	95	85	73	64	54	44	42	38	29	24	0	-	0	0	-	3	5	9	13	15	17	16	0	0	0
Gain on/(impairment of) investments in unconsolidated entities, net (Note 7)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investment in unconsolidated entities
-	-	481	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense (net of capitalized interest of $6 and $11, respectively)
432	425	416	418	426	431	447	471	487	510	518	497	484	467	450	446	439	432	424	400	375	348	334	321	314	313	298	300	300	288	278	266	253	253	253	255	255	248	242	237	231	224	218	208	0	0	0
Other income/(expense), net
-32	24	10	2	19	-7	-19	-17	-27	-31	-19	-1	23	33	47	26	2	-7	-7	-7	-4	-2	1	4	0	-	0	0	-	6	12	3	5	-19	-26	-28	-28	-9	-10	9	9	16	32	30	0	0	0
INCOME/(LOSS) BEFORE TAX
-1,572	2,246	3,195	3,400	3,059	2,414	1,337	626	741	902	835	1,145	1,043	755	900	868	928	1,006	1,194	1,271	1,424	1,557	1,424	1,326	1,334	1,490	1,495	1,435	1,513	1,181	1,144	1,252	1,098	1,039	883	669	560	513	480	524	525	586	679	601	0	0	0
Current income tax expense
88	112	105	100	83	66	52	37	31	28	51	56	64	85	56	63	73	84	81	80	77	71	91	98	90	100	91	84	82	53	45	42	44	38	26	18	9	-1	10	13	14	15	7	10	0	0	0
Deferred income tax (expense)/benefit
-25	-46	100	54	78	132	-4	-24	8	16	-10	31	8	-60	-7	2	30	16	66	70	62	100	18	0	4	-1	0	11	5	1	15	11	8	7	0	0	0	-	-8	-6	-9	-9	0	0	0	-	-
NET INCOME/(LOSS)
-1,635	2,180	2,582	2,228	0	-	0	0	-	-	0	0	-	730	851	803	825	906	1,047	1,121	1,285	1,386	1,315	1,228	1,240	1,391	1,404	1,340	1,426	1,127	1,084	1,199	1,046	994	852	648	548	514	479	517	520	580	675	594	0	0	0
Net income attributable to noncontrolling interests
0	-	0	0	-	-	-	-	-	-	0	0	-	4	4	4	3	3	1	1	2	2	11	16	23	30	32	34	34	33	33	32	32	28	21	16	0	-	0	0	-	-	-	0	-	-	-
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA
-1,646	2,171	2,983	3,244	2,898	2,216	1,289	612	700	856	791	1,055	968	726	847	799	822	903	1,046	1,120	1,283	1,384	1,304	1,212	1,217	1,361	1,372	1,306	1,392	1,094	1,051	1,167	1,014	966	830	630	536	505	485	540	0	-	0	0	-	0	-
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):
Net income/(loss) allocated to common unitholders — Basic
-1,847	1,967	2,775	3,034	2,689	2,009	1,084	418	516	685	637	807	578	200	203	139	197	305	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LIMITED PARTNERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	998	954	1,060	789	764	896	763	730	608	427	347	330	306	354	366	434	543	471	0	0	0
GENERAL PARTNER
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	374	352	332	305	287	271	251	236	222	203	189	175	167	160	153	145	132	123	0	0	0
Net income/(loss) allocated to common unitholders — Diluted
-1,735	2,119	3,006	3,267	2,884	2,164	1,086	381	479	685	674	844	615	200	203	139	197	305	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supply and Logistics
Total revenues
32,157	32,272	31,922	32,863	32,730	32,819	31,681	28,772	26,772	25,056	23,410	22,713	21,580	19,004	18,045	18,416	20,114	21,927	26,349	31,890	36,400	42,114	43,139	42,737	41,814	40,692	39,614	38,276	37,785	36,438	35,867	35,363	34,507	33,065	31,562	29,197	26,512	24,989	23,873	22,339	20,537	17,757	20,552	24,787	0	0	0
Transportation
Total revenues
778	788	770	735	699	648	612	611	620	612	608	607	616	632	643	656	666	697	737	763	778	774	758	739	709	701	682	653	646	623	602	592	581	572	572	576	568	565	557	560	551	536	547	544	0	0	0
Equity earnings in unconsolidated entities
407	388	368	376	389	375	361	319	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facilities
Total revenues
628	609	607	607	603	588	582	573	562	555	551	546	542	546	539	536	541	528	528	537	544	576	740	737	790	856	761	779	768	736	774	771	711	638	486	424	382	339	312	286	255	227	204	175	0	0	0
Equity earnings in unconsolidated entities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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