$PAGP
PLAINS GP HOLDINGS LP

2023 Q2 Form 10-Q Financial Statement

#000158199023000011 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $11.60B $12.34B
YoY Change -29.08% -9.88%
Cost Of Revenue $10.54B $11.32B
YoY Change -31.19% -11.44%
Gross Profit $1.058B $1.018B
YoY Change 2.22% 11.99%
Gross Profit Margin 9.12% 8.25%
Selling, General & Admin $87.00M $87.00M
YoY Change 8.75% 4.82%
% of Gross Profit 8.22% 8.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $260.0M $257.0M
YoY Change 7.0% 11.26%
% of Gross Profit 24.57% 25.25%
Operating Expenses $680.0M $701.0M
YoY Change 7.94% 6.21%
Operating Profit $375.0M $471.0M
YoY Change -8.09% 61.86%
Interest Expense $95.00M $98.00M
YoY Change -4.04% -8.41%
% of Operating Profit 25.33% 20.81%
Other Income/Expense, Net $20.00M $64.00M
YoY Change -116.95% -272.97%
Pretax Income $389.0M $526.0M
YoY Change 31.86% 115.57%
Income Tax $56.00M $83.00M
% Of Pretax Income 14.4% 15.78%
Net Earnings $48.00M $69.00M
YoY Change 54.84% 213.64%
Net Earnings / Revenue 0.41% 0.56%
Basic Earnings Per Share
Diluted Earnings Per Share $0.25 $0.36
COMMON SHARES
Basic Shares Outstanding 194.4M shares 194.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $936.0M $529.0M
YoY Change 246.67% 352.14%
Cash & Equivalents $936.0M $529.0M
Short-Term Investments
Other Short-Term Assets $137.0M $165.0M
YoY Change -51.93% -48.44%
Inventory $367.0M $463.0M
Prepaid Expenses
Receivables $3.220B $3.968B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.660B $5.125B
YoY Change -30.07% -36.73%
LONG-TERM ASSETS
Property, Plant & Equipment $16.53B $16.51B
YoY Change 3.47% 2.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.062B $3.070B
YoY Change -18.84% -19.36%
Other Assets $386.0M $430.0M
YoY Change 45.11% 46.76%
Total Long-Term Assets $23.51B $23.61B
YoY Change -0.24% -1.16%
TOTAL ASSETS
Total Short-Term Assets $4.660B $5.125B
Total Long-Term Assets $23.51B $23.61B
Total Assets $28.17B $28.74B
YoY Change -6.82% -10.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.296B $4.010B
YoY Change -39.22% -41.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $709.0M $708.0M
YoY Change 12.54% -21.33%
Total Short-Term Liabilities $4.654B $5.368B
YoY Change -32.32% -37.38%
LONG-TERM LIABILITIES
Long-Term Debt $7.288B $7.288B
YoY Change -8.74% -8.74%
Other Long-Term Liabilities $1.059B $1.012B
YoY Change 6.86% 12.32%
Total Long-Term Liabilities $8.646B $8.607B
YoY Change -6.96% -6.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.654B $5.368B
Total Long-Term Liabilities $8.646B $8.607B
Total Liabilities $13.30B $13.98B
YoY Change -17.74% -21.44%
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 $1.568B $1.544B
YoY Change
Total Liabilities & Shareholders Equity $28.17B $28.74B
YoY Change -6.82% -10.17%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $48.00M $69.00M
YoY Change 54.84% 213.64%
Depreciation, Depletion And Amortization $260.0M $257.0M
YoY Change 7.0% 11.26%
Cash From Operating Activities $887.0M $742.0M
YoY Change 12.28% 118.88%
INVESTING ACTIVITIES
Capital Expenditures $145.0M $122.0M
YoY Change -262.92% 20.79%
Acquisitions
YoY Change
Other Investing Activities -$19.00M $280.0M
YoY Change -140.43% -3211.11%
Cash From Investing Activities -$164.0M $158.0M
YoY Change 290.48% -295.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -324.0M -$775.0M
YoY Change -45.73% 30.03%
NET CHANGE
Cash From Operating Activities 887.0M $742.0M
Cash From Investing Activities -164.0M $158.0M
Cash From Financing Activities -324.0M -$775.0M
Net Change In Cash 399.0M $125.0M
YoY Change 164.24% -137.31%
FREE CASH FLOW
Cash From Operating Activities $887.0M $742.0M
Capital Expenditures $145.0M $122.0M
Free Cash Flow $742.0M $620.0M
YoY Change -15.59% 160.5%

Facts In Submission

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