PLAINS GP HOLDINGS LP PAGP Income Statement

Plains gp holdings lp (PAGP)

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
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
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
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
General and administrative expenses
70	74	75	76	77	84	75	81	80	68	68	69	75	70	71	73	68	62	60	80	79	71	79	91	90	84	79	91	106
Depreciation and amortization
169	163	157	148	136	134	129	131	127	116	152	129	122	163	33	205	114	112	108	108	105	93	97	100	96	102	93	91	82
(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
11,044	8,827	7,396	7,804	7,662	7,471	8,300	7,994	8,018	7,346	5,830	5,822	6,078	5,735	4,822	4,805	3,830	4,652	5,217	6,453	5,572	8,926	10,724	10,831	11,192	10,231	10,407	9,912	9,965
OPERATING INCOME/(LOSS)
-2,775	328	490	449	713	1,314	492	86	380	259	43	256	589	216	348	145	281	344	334	210	370	532	403	364	492	400	296	383	655
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
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	130	116	118	116	115	112	109	107	103	88	85	81	92	73	76	78
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	-
INCOME/(LOSS) BEFORE TAX
-2,826	329	493	423	993	1,280	699	82	348	202	-12	198	508	134	295	92	217	278	263	154	296	465	340	306	429	330	245	317	588
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
Deferred income tax (expense)/benefit
-140	-1	43	-27	49	186	9	-21	62	832	-42	23	96	-29	12	1	9	50	24	32	-8	86	19	15	21	-3	-8	10	7
NET INCOME/(LOSS)
-2,692	291	431	426	914	1,062	676	96	273	-648	31	174	402	122	279	82	177	216	228	103	262	370	311	275	372	304	236	299	535
Net (income)/loss attributable to noncontrolling interests
-2,111	243	361	360	767	883	565	89	236	152	27	150	361	130	255	40	141	191	196	73	231	345	295	260	358	292	235	298	534
NET INCOME/(LOSS) ATTRIBUTABLE TO PAGP
-581	48	70	66	147	179	111	7	37	-800	4	24	41	-8	24	42	36	25	32	30	31	25	16	15	14	12	1	1	1
BASIC NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	-	-	-	-	-
DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	-	-	-	-	-
BASIC AND DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	-	0.11	-	-	-	-
BASIC WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	-	-	-	-	-
DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	-	-	-	-	-
BASIC AND DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (IN SHARES)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	-	135	-	-	-	-
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
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
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
Equity earnings in unconsolidated entities
2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Shares
BASIC AND DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-3.18	-	-	-	0.92	-	-	-	0.23	-	0.03	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BASIC NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-	-	0.41	0.41	-	-	0.70	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share)
-	-	0.41	0.40	-	-	0.70	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BASIC WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares)
-	-	168	162	-	-	158	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares)
-	-	168	164	-	-	158	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BASIC AND DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (IN SHARES)
183	-	-	-	159	-	-	-	157	-	154	153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-