$PAGP
PLAINS GP HOLDINGS LP Stock $pagp

$pagp Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000158199018000008 Filed on May 09, 2018

Income Statement

Concept	2018 Q2	2018 Q1	2017 Q1
Revenue	$8.080B	$8.398B	$6.667B
YoY Change	32.94%	25.96%	62.17%
Cost Of Revenue	$7.551B	$7.519B	$5.593B
YoY Change	41.94%	34.44%	67.05%
Gross Profit	$529.0M	$879.0M	$1.074B
YoY Change	-30.21%	-18.16%	40.76%
Gross Profit Margin	6.55%	10.47%	16.11%
Selling, General & Admin	$394.0M	$373.0M	$360.0M
YoY Change	5.91%	3.61%	414.29%
% of Gross Profit	74.48%	42.43%	33.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$131.0M	$127.0M	$122.0M
YoY Change	1.55%	4.1%	7.02%
% of Gross Profit	24.76%	14.45%	11.36%
Operating Expenses	$444.0M	$500.0M	$482.0M
YoY Change	-11.38%	3.73%	-0.41%
Operating Profit	$86.00M	$380.0M	$589.0M
YoY Change	-66.41%	-35.48%	109.61%
Interest Expense	$111.0M	$106.0M	$129.0M
YoY Change	-12.6%	-17.83%	11.21%
% of Operating Profit	129.07%	27.89%	21.9%
Other Income/Expense, Net	$11.00M	-$1.000M	-$5.000M
YoY Change	1000.0%	-80.0%	-200.0%
Pretax Income	$82.00M	$348.0M	$508.0M
YoY Change	-58.59%	-31.5%	134.1%
Income Tax	-$14.00M	$75.00M	$106.0M
% Of Pretax Income	-17.07%	21.55%	20.87%
Net Earnings	$7.000M	$37.00M	$41.00M
YoY Change	-70.83%	-9.76%	13.89%
Net Earnings / Revenue	0.09%	0.44%	0.61%
Basic Earnings Per Share
Diluted Earnings Per Share	$44.59K	$235.7K	$341.7K
COMMON SHARES
Basic Shares Outstanding	157.0M shares	157.0M shares	103.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q2	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$37.00M	$26.00M	$41.00M
YoY Change	-26.0%	-36.59%	2.5%
Cash & Equivalents	$37.00M	$26.00M	$41.00M
Short-Term Investments
Other Short-Term Assets	$358.0M	$296.0M	$736.0M
YoY Change	-21.66%	-59.78%	131.45%
Inventory	$636.0M	$620.0M	$1.219B
Prepaid Expenses
Receivables	$2.824B	$3.023B	$2.218B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$3.855B	$3.965B	$4.214B
YoY Change	9.18%	-5.91%	51.36%
LONG-TERM ASSETS
Property, Plant & Equipment	$14.27B	$14.13B	$14.08B
YoY Change	-0.45%	0.37%	-3.5%
Goodwill	$2.535B	$2.543B	$2.596B
YoY Change	-2.35%	-2.04%
Intangibles
YoY Change
Long-Term Investments	$3.116B	$2.882B	$2.469B
YoY Change	18.66%	16.73%	17.74%
Other Assets	$901.0M	$891.0M	$917.0M
YoY Change	-1.96%	-2.84%	-61.0%
Total Long-Term Assets	$23.24B	$22.85B	$23.29B
YoY Change	-1.97%	-1.92%	8.64%
TOTAL ASSETS
Total Short-Term Assets	$3.855B	$3.965B	$4.214B
Total Long-Term Assets	$23.24B	$22.85B	$23.29B
Total Assets	$27.09B	$26.81B	$27.51B
YoY Change	-0.53%	-2.53%	13.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.557B	$3.572B	$2.475B
YoY Change	51.3%	44.32%	25.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$943.0M	$774.0M	$1.341B
YoY Change	-15.35%	-42.28%	87.55%
Total Short-Term Liabilities	$5.124B	$4.602B	$4.158B
YoY Change	36.31%	10.68%	35.62%
LONG-TERM LIABILITIES
Long-Term Debt	$8.966B	$9.050B	$9.879B
YoY Change	-10.7%	-8.39%	1.39%
Other Long-Term Liabilities	$787.0M	$736.0M	$644.0M
YoY Change	11.47%	14.29%	-9.3%
Total Long-Term Liabilities	$9.753B	$9.786B	$10.52B
YoY Change	-9.24%	-7.0%	0.66%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.124B	$4.602B	$4.158B
Total Long-Term Liabilities	$9.753B	$9.786B	$10.52B
Total Liabilities	$14.88B	$14.39B	$14.68B
YoY Change	2.56%	-2.0%	-34.47%
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	$1.661B	$1.701B	$2.604B
YoY Change
Total Liabilities & Shareholders Equity	$27.09B	$26.81B	$27.51B
YoY Change	-0.53%	-2.53%	13.55%

Cashflow Statement

Concept	2018 Q2	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$7.000M	$37.00M	$41.00M
YoY Change	-70.83%	-9.76%	13.89%
Depreciation, Depletion And Amortization	$131.0M	$127.0M	$122.0M
YoY Change	1.55%	4.1%	7.02%
Cash From Operating Activities	$493.0M	$520.0M	$815.0M
YoY Change	-23.45%	-36.2%	29.16%
INVESTING ACTIVITIES
Capital Expenditures	-$458.0M	$266.0M	$275.0M
YoY Change	67.15%	-3.27%	-26.08%
Acquisitions
YoY Change
Other Investing Activities	$173.0M	-$2.000M	$0.00
YoY Change	55.86%		-100.0%
Cash From Investing Activities	-$285.0M	-$221.0M	-$1.491B
YoY Change	74.85%	-85.18%	419.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-197.0M	-$310.0M	$667.0M
YoY Change	-58.35%	-146.48%	-297.34%
NET CHANGE
Cash From Operating Activities	493.0M	$520.0M	$815.0M
Cash From Investing Activities	-285.0M	-$221.0M	-$1.491B
Cash From Financing Activities	-197.0M	-$310.0M	$667.0M
Net Change In Cash	11.00M	-$11.00M	-$9.000M
YoY Change	37.5%	22.22%	-250.0%
FREE CASH FLOW
Cash From Operating Activities	$493.0M	$520.0M	$815.0M
Capital Expenditures	-$458.0M	$266.0M	$275.0M
Free Cash Flow	$951.0M	$254.0M	$540.0M
YoY Change	3.59%	-52.96%	108.49%

Facts In Submission

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CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
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CY2017Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	166000000	USD
CY2018Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	102000000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26753000000	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26812000000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4533000000	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	4602000000	USD
CY2017Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	9862000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	37000000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	361000000	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	713000000	USD
CY2018Q1	us-gaap	Inventory Net InventoryNet	620000000	USD
CY2017Q4	us-gaap	Inventory Noncurrent InventoryNoncurrent	164000000	USD
CY2018Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	9786000000	USD
CY2017Q4	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	679000000	USD
CY2018Q1	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	736000000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	9183000000	USD
CY2018Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	9050000000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	667000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-310000000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1491000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-221000000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	815000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	520000000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	236000000	USD
CY2018Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2017Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	288000000	USD
CY2018Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	292000000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	589000000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	380000000	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	221000000	USD
CY2018Q1	us-gaap	Other Assets Current OtherAssetsCurrent	296000000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	901000000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	891000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	36000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-65000000	USD
CY2017Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	337000000	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	256000000	USD
CY2017Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	250000000	USD
CY2018Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	115000000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-10000000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-11000000	USD
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1000000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-5000000	USD
CY2017Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	372000000	USD
CY2018Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	267000000	USD
CY2017Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	10663000000	USD
CY2018Q1	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	10723000000	USD
CY2016Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	10707000000	USD
CY2017Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	12827000000	USD
CY2017Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	12358000000	USD
CY2018Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	12424000000	USD
CY2017Q1	us-gaap	Partners Capital Other PartnersCapitalOther	4000000	USD
CY2018Q1	us-gaap	Partners Capital Other PartnersCapitalOther	10000000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-2000000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	315000000	USD
CY2018Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	171000000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	1254000000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	275000000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	266000000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	1535000000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	127000000	USD
CY2018Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	64000000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	149000000	USD
CY2018Q1	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	-8000000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	161000000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	83000000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	402000000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	273000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	16901000000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	16976000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	14105000000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	14129000000	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	3029000000	USD
CY2018Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	3023000000	USD
CY2017Q4	us-gaap	Recorded Third Party Environmental Recoveries Receivable RecordedThirdPartyEnvironmentalRecoveriesReceivable	55000000	USD
CY2018Q1	us-gaap	Recorded Third Party Environmental Recoveries Receivable RecordedThirdPartyEnvironmentalRecoveriesReceivable	54000000	USD
CY2017Q1	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	400000000	USD
CY2018Q1	us-gaap	Revenue Performance Obligation Description Of Payment Terms RevenuePerformanceObligationDescriptionOfPaymentTerms	30 days
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	404000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	505000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	501000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	426000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	380000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	1361000000	USD
CY2017Q1	us-gaap	Revenues Revenues	6667000000	USD
CY2018Q1	us-gaap	Revenues Revenues	8398000000	USD
CY2017Q4	us-gaap	Senior Long Term Notes SeniorLongTermNotes	8933000000	USD
CY2018Q1	us-gaap	Senior Long Term Notes SeniorLongTermNotes	8935000000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1535000000	USD
CY2018Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Accounting Standards Updates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842),</font><font style="font-family:inherit;font-size:10pt;"> that revises the current accounting model for leases. The most significant changes are the clarification of the definition of a lease and required lessee recognition on the balance sheet of lease assets and liabilities with lease terms of more than 12 months (with the election of the practical expedient to exclude short-term leases on the balance sheet), including extensive quantitative and qualitative disclosures. This guidance will become effective for interim and annual periods beginning after December 15, 2018, with a modified retrospective application required. Early adoption is permitted, including adoption in an interim period. We expect to adopt this guidance on January 1, 2019 and are assessing the use of optional practical expedients. We are currently evaluating the effect that adopting this guidance will have on our financial position, results of operations and cash flows. Although our evaluation is ongoing, we do expect that the adoption will impact our financial statements as the standard requires the recognition on the balance sheet of a right of use asset and corresponding lease liability. We are currently analyzing our contracts to determine whether they contain a lease under the revised guidance and have not quantified the amount of the asset and liability that will be recognized on our consolidated balance sheet.</font></div></div>

Files In Submission

Name	View Source	Status
0001581990-18-000008-index-headers.html	Edgar Link	pending
0001581990-18-000008-index.html	Edgar Link	pending
0001581990-18-000008.txt	Edgar Link	pending
0001581990-18-000008-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image0.jpg	Edgar Link	pending
image0a01.jpg	Edgar Link	pending
image0a02.jpg	Edgar Link	pending
paa-20180331.xml	Edgar Link	completed
paa-20180331.xsd	Edgar Link	pending
paa-20180331_cal.xml	Edgar Link	unprocessable
paa-20180331_def.xml	Edgar Link	unprocessable
paa-20180331_lab.xml	Edgar Link	unprocessable
paa-20180331_pre.xml	Edgar Link	unprocessable
pagpq1201810-q.htm	Edgar Link	pending
pagpq12018exhibit101.htm	Edgar Link	pending
pagpq12018exhibit102.htm	Edgar Link	pending
pagpq12018exhibit103.htm	Edgar Link	pending
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pagpq12018exhibit311.htm	Edgar Link	pending
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$PAGP
PLAINS GP HOLDINGS LP Stock $pagp

2018 Q2 Form 10-Q Financial Statement

#000158199018000008 Filed on May 09, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAGP PLAINS GP HOLDINGS LP Stock $pagp

2018 Q2 Form 10-Q Financial Statement

#000158199018000008 Filed on May 09, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAGP
PLAINS GP HOLDINGS LP Stock $pagp