2023 Q2 Form 10-Q Financial Statement
#000107042323000012 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $11.60B | $12.34B | $13.69B |
YoY Change | -29.08% | -9.88% | 63.35% |
Cost Of Revenue | $10.88B | $11.32B | $12.79B |
YoY Change | -29.02% | -11.44% | 72.96% |
Gross Profit | $725.0M | $1.018B | $909.0M |
YoY Change | -29.95% | 11.99% | -8.27% |
Gross Profit Margin | 6.25% | 8.25% | 6.64% |
Selling, General & Admin | $85.00M | $86.00M | $82.00M |
YoY Change | 8.97% | 4.88% | 22.39% |
% of Gross Profit | 11.72% | 8.45% | 9.02% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $259.0M | $256.0M | $230.0M |
YoY Change | 7.02% | 11.3% | 29.94% |
% of Gross Profit | 35.72% | 25.15% | 25.3% |
Operating Expenses | $344.0M | $342.0M | $312.0M |
YoY Change | 7.5% | 9.62% | 27.87% |
Operating Profit | $381.0M | $473.0M | $293.0M |
YoY Change | -7.3% | 61.43% | -44.3% |
Interest Expense | -$6.000M | $98.00M | $107.0M |
YoY Change | -106.06% | -8.41% | 0.0% |
% of Operating Profit | -1.57% | 20.72% | 36.52% |
Other Income/Expense, Net | $20.00M | $64.00M | -$37.00M |
YoY Change | -116.95% | -272.97% | -38.33% |
Pretax Income | $392.0M | $528.0M | $246.0M |
YoY Change | 31.54% | 114.63% | -44.97% |
Income Tax | $43.00M | $53.00M | $21.00M |
% Of Pretax Income | 10.97% | 10.04% | 8.54% |
Net Earnings | $227.0M | $422.0M | $187.0M |
YoY Change | 11.82% | 125.67% | -55.69% |
Net Earnings / Revenue | 1.96% | 3.42% | 1.37% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.33 | $0.52 | $265.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 698.4M shares | 698.4M shares | 705.0M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $933.0M | $526.0M | $114.0M |
YoY Change | 249.44% | 361.4% | 280.0% |
Cash & Equivalents | $933.0M | $526.0M | $114.0M |
Short-Term Investments | |||
Other Short-Term Assets | $137.0M | $165.0M | $320.0M |
YoY Change | -51.93% | -48.44% | -33.75% |
Inventory | $367.0M | $463.0M | $527.0M |
Prepaid Expenses | |||
Receivables | $3.607B | $4.141B | $5.496B |
Other Receivables | -$387.0M | -$173.0M | $9.620B |
Total Short-Term Assets | $4.657B | $5.122B | $8.097B |
YoY Change | -30.09% | -36.74% | 83.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.53B | $16.50B | $16.17B |
YoY Change | 3.49% | 2.07% | 10.87% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $3.062B | $3.070B | $3.807B |
YoY Change | -18.84% | -19.36% | 0.79% |
Other Assets | $386.0M | $430.0M | $293.0M |
YoY Change | 45.11% | 46.76% | -71.39% |
Total Long-Term Assets | $22.24B | $22.33B | $22.55B |
YoY Change | 0.08% | -0.94% | 7.83% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.657B | $5.122B | $8.097B |
Total Long-Term Assets | $22.24B | $22.33B | $22.55B |
Total Assets | $26.90B | $27.46B | $30.64B |
YoY Change | -6.88% | -10.4% | 20.97% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.295B | $4.009B | $6.867B |
YoY Change | -39.22% | -41.62% | 102.15% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $709.0M | $708.0M | $900.0M |
YoY Change | 12.54% | -21.33% | 669.23% |
Total Short-Term Liabilities | $4.652B | $5.366B | $8.570B |
YoY Change | -32.32% | -37.39% | 83.2% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $7.288B | $7.288B | $7.986B |
YoY Change | -8.74% | -8.74% | -14.48% |
Other Long-Term Liabilities | $1.059B | $1.012B | $901.0M |
YoY Change | 6.86% | 12.32% | -2.91% |
Total Long-Term Liabilities | $8.646B | $8.607B | $9.218B |
YoY Change | -6.96% | -6.63% | -12.78% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.652B | $5.366B | $8.570B |
Total Long-Term Liabilities | $8.646B | $8.607B | $9.218B |
Total Liabilities | $13.30B | $13.97B | $17.79B |
YoY Change | -17.75% | -21.45% | 16.67% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.38B | $10.24B | $10.04B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $26.90B | $27.46B | $30.64B |
YoY Change | -6.88% | -10.4% | 20.97% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $227.0M | $422.0M | $187.0M |
YoY Change | 11.82% | 125.67% | -55.69% |
Depreciation, Depletion And Amortization | $259.0M | $256.0M | $230.0M |
YoY Change | 7.02% | 11.3% | 29.94% |
Cash From Operating Activities | $888.0M | $743.0M | $340.0M |
YoY Change | 12.12% | 118.53% | -57.02% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $159.0M | $122.0M | $101.0M |
YoY Change | -244.55% | 20.79% | 4.12% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$286.0M | $280.0M | -$9.000M |
YoY Change | -520.59% | -3211.11% | 200.0% |
Cash From Investing Activities | -$164.0M | $158.0M | -$81.00M |
YoY Change | 290.48% | -295.06% | -25.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $25.00M | ||
YoY Change | 733.33% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -325.0M | -$776.0M | -$597.0M |
YoY Change | -45.74% | 29.98% | -13.1% |
NET CHANGE | |||
Cash From Operating Activities | 888.0M | $743.0M | $340.0M |
Cash From Investing Activities | -164.0M | $158.0M | -$81.00M |
Cash From Financing Activities | -325.0M | -$776.0M | -$597.0M |
Net Change In Cash | 399.0M | $125.0M | -$335.0M |
YoY Change | 164.24% | -137.31% | 8275.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $888.0M | $743.0M | $340.0M |
Capital Expenditures | $159.0M | $122.0M | $101.0M |
Free Cash Flow | $729.0M | $621.0M | $239.0M |
YoY Change | -19.18% | 159.83% | -65.56% |
Facts In Submission
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
475000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
53000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
38000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
422000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
187000000 | usd |
CY2023Q1 | paa |
Net Income Loss Allocated To Common Unitholders Basic
NetIncomeLossAllocatedToCommonUnitholdersBasic
|
361000000 | usd |
CY2023Q1 | paa |
Net Income Loss Allocated To Common Unitholders Diluted
NetIncomeLossAllocatedToCommonUnitholdersDiluted
|
361000000 | usd |
CY2022Q1 | paa |
Net Income Loss Allocated To Common Unitholders Basic
NetIncomeLossAllocatedToCommonUnitholdersBasic
|
137000000 | usd |
CY2022Q1 | paa |
Net Income Loss Allocated To Common Unitholders Diluted
NetIncomeLossAllocatedToCommonUnitholdersDiluted
|
137000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
475000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
74000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
474000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
299000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
53000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
38000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
421000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
261000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
475000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
256000000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
230000000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
154000000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
42000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-8000000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2023Q1 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
58000000 | usd |
CY2022Q1 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-44000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
89000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
97000000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
108000000 | usd |
CY2022Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
96000000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-15000000 | usd |
CY2022Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-198000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
122000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
743000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
340000000 | usd |
CY2023Q1 | paa |
Capital Contributions To Equity Method Investees
CapitalContributionsToEquityMethodInvestees
|
4000000 | usd |
CY2022Q1 | paa |
Capital Contributions To Equity Method Investees
CapitalContributionsToEquityMethodInvestees
|
3000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
122000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
101000000 | usd |
CY2022Q1 | paa |
Cash Paid Related To Purchases Of Linefill
CashPaidRelatedToPurchasesOfLinefill
|
39000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
284000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
53000000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-9000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
158000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-81000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
382000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
400000000 | usd |
CY2022Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
750000000 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
25000000 | usd |
CY2023Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
78000000 | usd |
CY2022Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
59000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-56000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
19000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-776000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-597000000 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
125000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-335000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
401000000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
453000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
526000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
118000000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
65000000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
74000000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-18000000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
23000000 | usd |
CY2022Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
13325000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
475000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
325000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Other
PartnersCapitalOther
|
9000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
13483000000 | usd |
CY2021Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
12810000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2022Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
235000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
74000000 | usd |
CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
25000000 | usd |
CY2022Q1 | us-gaap |
Partners Capital Other
PartnersCapitalOther
|
5000000 | usd |
CY2022Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
12854000000 | usd |
CY2023Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
12341000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
13694000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
229000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
31000000 | usd |
CY2023Q1 | paa |
Contractwith Customer Liability Additions
ContractwithCustomerLiabilityAdditions
|
6000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
204000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
448000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
542000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
487000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
230000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
183000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
973000000 | usd |
CY2022 | paa |
Trade Accounts Receivable Net Disclosure Of Maximum Age Of Balances Past Invoice Date
TradeAccountsReceivableNetDisclosureOfMaximumAgeOfBalancesPastInvoiceDate
|
P30D | |
CY2023Q1 | paa |
Trade Accounts Receivable Net Disclosure Of Maximum Age Of Balances Past Invoice Date
TradeAccountsReceivableNetDisclosureOfMaximumAgeOfBalancesPastInvoiceDate
|
P30D | |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
4141000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
4141000000 | usd |
CY2023Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
6912000000 | usd |
CY2022Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
7216000000 | usd |
CY2023Q1 | paa |
Contract With Customer Contractual Rights Of Offset With Counterparties
ContractWithCustomerContractualRightsOfOffsetWithCounterparties
|
7085000000 | usd |
CY2022Q4 | paa |
Contract With Customer Contractual Rights Of Offset With Counterparties
ContractWithCustomerContractualRightsOfOffsetWithCounterparties
|
7450000000 | usd |
CY2023Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
3968000000 | usd |
CY2022Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
3907000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
422000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
187000000 | usd |
CY2023Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
2000000 | usd |
CY2022Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1000000 | usd |
CY2023Q1 | paa |
Other Adjustments Impacting Earnings Basic
OtherAdjustmentsImpactingEarningsBasic
|
-1000000 | usd |
CY2023Q1 | paa |
Net Income Loss Allocated To Common Unitholders Basic
NetIncomeLossAllocatedToCommonUnitholdersBasic
|
361000000 | usd |
CY2023Q1 | paa |
Net Income Loss Allocated To Common Unitholders Diluted
NetIncomeLossAllocatedToCommonUnitholdersDiluted
|
361000000 | usd |
CY2022Q1 | paa |
Net Income Loss Allocated To Common Unitholders Diluted
NetIncomeLossAllocatedToCommonUnitholdersDiluted
|
137000000 | usd |
CY2022Q1 | paa |
Net Income Loss Allocated To Common Unitholders Basic
NetIncomeLossAllocatedToCommonUnitholdersBasic
|
137000000 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
463000000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
729000000 | usd |
CY2023Q1 | paa |
Linefill
Linefill
|
962000000 | usd |
CY2022Q4 | paa |
Linefill
Linefill
|
961000000 | usd |
CY2023Q1 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
257000000 | usd |
CY2022Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
284000000 | usd |
CY2023Q1 | paa |
Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
|
1682000000 | usd |
CY2022Q4 | paa |
Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
|
1974000000 | usd |
CY2023Q1 | us-gaap |
Debt Current
DebtCurrent
|
708000000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
1159000000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7288000000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7287000000 | usd |
CY2023Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
7996000000 | usd |
CY2022Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
8446000000 | usd |
CY2023Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
144000000 | usd |
CY2022Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
102000000 | usd |
CY2023Q1 | paa |
Initial Margin
InitialMargin
|
74000000 | usd |
CY2022Q4 | paa |
Initial Margin
InitialMargin
|
93000000 | usd |
CY2023Q1 | paa |
Variation Margin Posted Returned
VariationMarginPostedReturned
|
-85000000 | usd |
CY2022Q4 | paa |
Variation Margin Posted Returned
VariationMarginPostedReturned
|
-236000000 | usd |
CY2023Q1 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
36000000 | usd |
CY2022Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
168000000 | usd |
CY2023Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
11000000 | usd |
CY2022Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
12000000 | usd |
CY2023Q1 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
99000000 | usd |
CY2022Q1 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
97000000 | usd |
CY2023Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
73000000 | usd |
CY2022Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
45000000 | usd |
CY2023Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
74000000 | usd |
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
79000000 | usd |
CY2023Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
12341000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
89000000 | usd |
CY2023Q1 | paa |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
709000000 | usd |
CY2023Q1 | paa |
Maintenance Capital Expenditures
MaintenanceCapitalExpenditures
|
48000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
13694000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
97000000 | usd |
CY2022Q1 | paa |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
614000000 | usd |
CY2022Q1 | paa |
Maintenance Capital Expenditures
MaintenanceCapitalExpenditures
|
27000000 | usd |
CY2023Q1 | paa |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
709000000 | usd |
CY2022Q1 | paa |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
614000000 | usd |
CY2023Q1 | paa |
Depreciation And Amortization Of Unconsolidated Entities
DepreciationAndAmortizationOfUnconsolidatedEntities
|
22000000 | usd |
CY2022Q1 | paa |
Depreciation And Amortization Of Unconsolidated Entities
DepreciationAndAmortizationOfUnconsolidatedEntities
|
20000000 | usd |
CY2023Q1 | paa |
Gains Losses From Derivative Activities And Inventory Valuation Adjustments
GainsLossesFromDerivativeActivitiesAndInventoryValuationAdjustments
|
-92000000 | usd |
CY2022Q1 | paa |
Gains Losses From Derivative Activities And Inventory Valuation Adjustments
GainsLossesFromDerivativeActivitiesAndInventoryValuationAdjustments
|
-88000000 | usd |
CY2023Q1 | paa |
Long Term Inventory Costing Adjustments
LongTermInventoryCostingAdjustments
|
29000000 | usd |
CY2022Q1 | paa |
Long Term Inventory Costing Adjustments
LongTermInventoryCostingAdjustments
|
-92000000 | usd |
CY2023Q1 | paa |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
-7000000 | usd |
CY2022Q1 | paa |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
6000000 | usd |
CY2023Q1 | paa |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
10000000 | usd |
CY2022Q1 | paa |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
7000000 | usd |
CY2023Q1 | paa |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
3000000 | usd |
CY2022Q1 | paa |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
2000000 | usd |
CY2023Q1 | paa |
Adjusted Ebitda Attributable To Noncontrolling Interests
AdjustedEBITDAAttributableToNoncontrollingInterests
|
98000000 | usd |
CY2022Q1 | paa |
Adjusted Ebitda Attributable To Noncontrolling Interests
AdjustedEBITDAAttributableToNoncontrollingInterests
|
76000000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
256000000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
230000000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
154000000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
42000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
98000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
107000000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
64000000 | usd |
CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-37000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
528000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
246000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
53000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
21000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
475000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
53000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
38000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
422000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
187000000 | usd |