Phillips 66 Partners LP PSXP Income Statement

Phillips 66 partners lp (PSXP)

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	Sep'13
Revenues and Other Income
Operating revenues
267,000	291,000	270,000	263,000	302,000	270,000	265,000	254,000	256,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating revenuesrelated parties
-	-	-	-	-	-	-	-	-	-	-	-	210,000	-	181,000	182,000	171,000	381,800	71,100	66,300	62,800	371,200	54,800	54,500	50,500	48,700
Operating revenuesthird parties
-	-	-	-	-	-	-	-	-	-	-	-	10,000	-	7,000	7,000	8,000	27,300	700	900	1,100	19,600	700	2,400	1,300	1,700
Equity in earnings of affiliates
136,000	140,000	139,000	137,000	119,000	123,000	118,000	100,000	98,000	76,000	66,000	48,000	33,000	26,000	33,000	30,000	25,000	25,100	25,200	20,600	6,100	-	-	-	-	-
Other income
1,000	1,000	2,000	1,000	2,000	0	1,000	0	1,000	1,000	0	2,000	9,000	-	1,000	0	-	5,800	100	0	100	-100	0	0	100	100
Total revenues and other income
404,000	432,000	411,000	401,000	423,000	393,000	384,000	354,000	355,000	331,000	299,000	277,000	262,000	228,000	222,000	219,000	204,000	440,000	97,100	87,800	70,100	390,700	55,500	56,900	51,900	50,500
Costs and Expenses
Operating and maintenance expenses
88,000	90,000	91,000	85,000	139,000	88,000	84,000	85,000	97,000	82,000	86,000	79,000	74,000	54,000	54,000	58,000	50,000	147,100	20,300	19,600	16,000	145,700	13,200	13,400	11,700	14,200
Depreciation
30,000	32,000	30,000	29,000	29,000	30,000	30,000	29,000	28,000	28,000	32,000	28,000	28,000	25,000	25,000	23,000	23,000	44,400	6,100	5,400	5,100	34,300	4,200	3,900	3,600	3,400
General and administrative expenses
17,000	16,000	16,000	17,000	18,000	16,000	16,000	16,000	16,000	17,000	17,000	18,000	17,000	15,000	17,000	16,000	17,000	39,900	7,400	7,500	8,200	37,900	5,500	6,200	7,400	3,900
Taxes other than income taxes
11,000	9,000	10,000	9,000	11,000	8,000	8,000	9,000	10,000	9,000	7,000	8,000	9,000	9,000	4,000	10,000	10,000	18,200	3,100	3,800	1,900	12,700	1,100	1,000	1,200	1,100
Interest and debt expense
29,000	28,000	26,000	27,000	27,000	28,000	28,000	29,000	30,000	29,000	24,000	24,000	24,000	21,000	10,000	11,000	10,000	9,400	9,200	9,500	5,900	1,800	1,400	1,300	500	100
Other expenses
2,000	-	0	-	0	-	1,000	-	-	-	1,000	-	-	-	0	-	-	-	-	100	-	-	-	-	-	-
Total costs and expenses
177,000	177,000	173,000	167,000	224,000	170,000	167,000	168,000	181,000	165,000	167,000	157,000	152,000	125,000	110,000	118,000	110,000	259,900	46,100	45,900	37,100	233,400	25,400	25,800	24,400	22,700
Income before income taxes
227,000	255,000	238,000	234,000	199,000	223,000	217,000	186,000	174,000	166,000	132,000	120,000	110,000	103,000	112,000	101,000	94,000	180,100	51,000	41,900	33,000	157,300	30,100	31,100	27,500	27,800
Income tax expense
1,000	0	1,000	1,000	1,000	2,000	0	0	2,000	2,000	1,000	1,000	0	1,000	0	1,000	0	-200	100	-100	200	400	100	200	300	200
Net Income (Loss) Attributable to Parent
226,000	255,000	237,000	233,000	198,000	221,000	217,000	186,000	172,000	164,000	131,000	119,000	110,000	102,000	112,000	100,000	94,000	180,300	50,900	42,000	32,800	156,900	30,000	30,900	27,200	27,600
Net Income (Loss) Attributable To Predecessors
-	-	-	-	-	-	-	-	-	2,000	32,000	16,000	13,000	4,000	29,000	32,000	42,000	116,000	-1,400	0	-2,600	120,700	600	-1,200	8,900	15,700
Net income attributable to the Partnership
-	-	-	-	-	-	-	-	-	162,000	99,000	103,000	97,000	98,000	83,000	68,000	52,000	64,300	52,300	42,000	35,400	36,200	29,400	32,100	18,300	11,900
Less: Preferred unitholders’ interest in net income
10,000	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred unitholders’ interest in net income
10,000	9,000	9,000	9,000	10,000	9,000	9,000	10,000	9,000	9,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: General partner’s interest in net income
0	0	0	71,000	69,000	68,000	64,000	55,000	53,000	48,000	43,000	37,000	32,000	29,000	26,000	21,000	16,000	14,100	11,500	9,000	6,400	3,500	2,000	1,700	800	200
Limited partners’ interest in net income
216,000	246,000	228,000	153,000	119,000	144,000	144,000	121,000	110,000	105,000	56,000	66,000	65,000	69,000	57,000	47,000	36,000	50,200	40,800	33,000	29,000	32,700	27,400	30,400	17,500	11,700
Net Income Attributable to the Partnership Per Limited Partner Unit (dollars)
Net Income Per Limited Partner Unit (dollars)
Cash Distributions Paid Per Limited Partner Unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.61	0.58	0.55	-	0.50	0.48	0.45	0.42	0.40	0.37	0.34	0.31	0.30	0.27	0.22	-
Weighted-Average Limited Partner Units Outstanding (thousands)
Third Party
Operating revenues
9,000	-	-	-	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Revenues
-	-	53,000	49,000	-	117,000	106,000	111,000	112,000	-	11,000	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliated Entity
Operating revenues
258,000	-	-	-	296,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Units
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax
0.95	1.08	1.18	1.23	0.96	1.15	1.17	0.99	0.91	0.88	0.51	0.61	0.60	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted
0.93	1.07	1.15	1.15	0.92	1.09	1.10	0.94	0.87	0.87	0.51	0.61	0.60	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Limited Partnership Units Outstanding, Basic
228,312	229,265	192,273	124,824	124,257	124,005	123,269	122,188	121,610	121,084	110,506	109,189	107,400	-	-	-	-	-	-	-	-	-	-	-	-	-
Common units—diluted (in shares)
242,132	243,085	206,093	138,644	138,078	137,825	137,090	136,008	135,429	134,261	110,506	109,189	107,400	-	-	-	-	-	-	-	-	-	-	-	-	-