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Income Statement
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PLAINS ALL AMERICAN PIPELINE LP (PAA)

Income Statement Business | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Supply & Logistics      32,822.025,065.019,018.021,945.0
    Transportation      1,990.01,718.01,584.01,594.0
    Facilities      1,161.01,173.01,107.01,050.0
Total revenues  57,342.042,078.023,290.033,669.034,055.026,223.020,182.023,152.0
            Revenue growth   [+]36.3%80.7%-30.8%-1.1%29.9%29.9%-12.8%-46.7%
Cost of goods sold   [+]54,760.039,569.021,507.030,755.031,056.024,168.018,415.021,180.0
Gross profit  2,582.02,509.01,783.02,914.02,999.02,055.01,767.01,972.0
            Gross margin  4.5%6.0%7.7%8.7%8.8%7.8%8.8%8.5%
Selling, general and administrative   [+]325.0292.0271.0297.0316.0276.0279.0278.0
Equity in earnings  403.0274.0355.0388.0375.0290.0195.0183.0
EBITDA   [+]2,787.02,491.01,867.03,005.03,058.02,069.01,683.01,877.0
            EBITDA margin  4.9%5.9%8.0%8.9%9.0%7.9%8.3%8.1%
Depreciation  965.0652.0563.0525.0454.0463.0470.0383.0
EBITA  1,822.01,839.01,304.02,480.02,604.01,606.01,213.01,494.0
            EBITA margin  3.2%4.4%5.6%7.4%7.6%6.1%6.0%6.5%
Amortization of intangibles   122.090.076.066.054.044.049.0
EBIT   [+]1,822.01,717.01,214.02,404.02,538.01,552.01,169.01,445.0
            EBIT margin  3.2%4.1%5.2%7.1%7.5%5.9%5.8%6.2%
Non-recurring items   [+] 592.03,234.028.0-114.0109.0-20.0 
Interest expense  405.0425.0436.0425.0431.0510.0467.0432.0
Other income (expense), net   21.0-143.0295.0193.0-31.033.0-7.0
Pre-tax income  1,417.0721.0-2,599.02,246.02,414.0902.0755.01,006.0
Income taxes  189.00.00.00.00.00.00.00.0
            Tax rate  13.3%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Minority interest  -191.055.010.09.0 2.04.03.0
Net income  1,228.0593.0-2,590.02,171.02,216.0856.0726.0903.0
            Net margin  2.1%1.4%-11.1%6.4%6.5%3.3%3.6%3.9%
   
Basic EPS   [+] $0.83($3.56)$2.99$3.05$1.19$1.56$2.29
Diluted EPS   [+] $0.83($3.56)$2.71$2.77$1.19$1.56$2.28
   
Dividends per share   [+]       $2.74
   
Shares outstanding (basic)   [+] 716.0728.0727.0726.0717.0464.0394.0
Shares outstanding (diluted)   [+] 716.0728.0800.0799.0718.0466.0396.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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