2023 Q3 Form 10-Q Financial Statement
#000158199023000017 Filed on August 09, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $12.07B | $11.60B |
YoY Change | -15.8% | -29.08% |
Cost Of Revenue | $11.11B | $10.54B |
YoY Change | -15.03% | -31.19% |
Gross Profit | $965.0M | $1.058B |
YoY Change | -23.72% | 2.22% |
Gross Profit Margin | 7.99% | 9.12% |
Selling, General & Admin | $93.00M | $87.00M |
YoY Change | 10.71% | 8.75% |
% of Gross Profit | 9.64% | 8.22% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $261.0M | $260.0M |
YoY Change | 9.21% | 7.0% |
% of Gross Profit | 27.05% | 24.57% |
Operating Expenses | $726.0M | $680.0M |
YoY Change | 13.26% | 7.94% |
Operating Profit | $232.0M | $375.0M |
YoY Change | -62.82% | -8.09% |
Interest Expense | $97.00M | $95.00M |
YoY Change | -2.02% | -4.04% |
% of Operating Profit | 41.81% | 25.33% |
Other Income/Expense, Net | $0.00 | $20.00M |
YoY Change | -100.0% | -116.95% |
Pretax Income | $263.0M | $389.0M |
YoY Change | -52.09% | 31.86% |
Income Tax | -$5.000M | $56.00M |
% Of Pretax Income | -1.9% | 14.4% |
Net Earnings | $29.00M | $48.00M |
YoY Change | -59.15% | 54.84% |
Net Earnings / Revenue | 0.24% | 0.41% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.15 | $0.25 |
COMMON SHARES | ||
Basic Shares Outstanding | 196.0M shares | 194.4M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $262.0M | $936.0M |
YoY Change | -58.08% | 246.67% |
Cash & Equivalents | $262.0M | $936.0M |
Short-Term Investments | ||
Other Short-Term Assets | $201.0M | $137.0M |
YoY Change | -18.62% | -51.93% |
Inventory | $617.0M | $367.0M |
Prepaid Expenses | ||
Receivables | $4.253B | $3.220B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $5.333B | $4.660B |
YoY Change | -4.36% | -30.07% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $16.86B | $16.53B |
YoY Change | 6.31% | 3.47% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $2.830B | $3.062B |
YoY Change | -23.18% | -18.84% |
Other Assets | $417.0M | $386.0M |
YoY Change | 62.89% | 45.11% |
Total Long-Term Assets | $23.66B | $23.51B |
YoY Change | 1.95% | -0.24% |
TOTAL ASSETS | ||
Total Short-Term Assets | $5.333B | $4.660B |
Total Long-Term Assets | $23.66B | $23.51B |
Total Assets | $29.00B | $28.17B |
YoY Change | 0.73% | -6.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.146B | $3.296B |
YoY Change | 3.73% | -39.22% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $710.0M | $709.0M |
YoY Change | 54.68% | 12.54% |
Total Short-Term Liabilities | $5.608B | $4.654B |
YoY Change | 5.12% | -32.32% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $7.296B | $7.288B |
YoY Change | -8.64% | -8.74% |
Other Long-Term Liabilities | $1.002B | $1.059B |
YoY Change | -8.49% | 6.86% |
Total Long-Term Liabilities | $8.578B | $8.646B |
YoY Change | -8.56% | -6.96% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.608B | $4.654B |
Total Long-Term Liabilities | $8.578B | $8.646B |
Total Liabilities | $14.19B | $13.30B |
YoY Change | -3.6% | -17.74% |
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 | $1.531B | $1.568B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $29.00B | $28.17B |
YoY Change | 0.73% | -6.82% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $29.00M | $48.00M |
YoY Change | -59.15% | 54.84% |
Depreciation, Depletion And Amortization | $261.0M | $260.0M |
YoY Change | 9.21% | 7.0% |
Cash From Operating Activities | $83.00M | $887.0M |
YoY Change | -91.18% | 12.28% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $137.0M | $145.0M |
YoY Change | -212.3% | -262.92% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$301.0M | -$19.00M |
YoY Change | 554.35% | -140.43% |
Cash From Investing Activities | -$438.0M | -$164.0M |
YoY Change | 160.71% | 290.48% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -307.0M | -324.0M |
YoY Change | -25.49% | -45.73% |
NET CHANGE | ||
Cash From Operating Activities | 83.00M | 887.0M |
Cash From Investing Activities | -438.0M | -164.0M |
Cash From Financing Activities | -307.0M | -324.0M |
Net Change In Cash | -662.0M | 399.0M |
YoY Change | -283.38% | 164.24% |
FREE CASH FLOW | ||
Cash From Operating Activities | $83.00M | $887.0M |
Capital Expenditures | $137.0M | $145.0M |
Free Cash Flow | -$54.00M | $742.0M |
YoY Change | -105.08% | -15.59% |
Facts In Submission
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Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
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Interest Expense
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Profit Loss
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Depreciation Depletion And Amortization
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Deferred Income Tax Expense Benefit
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Foreign Currency Transaction Gain Loss Before Tax
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Foreign Currency Transaction Gain Loss Before Tax
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Net Cash Paid Received For Terminated Hedging Instruments
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Embedded Derivative Gain Loss On Embedded Derivative Net
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Embedded Derivative Gain Loss On Embedded Derivative Net
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Income Loss From Equity Method Investments
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Income Loss From Equity Method Investments
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Equity Method Investment Dividends Or Distributions
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Equity Method Investment Dividends Or Distributions
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Other Noncash Income Expense
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Increase Decrease In Operating Capital
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Increase Decrease In Operating Capital
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Cash Received Related To Sales Of Linefill
CashReceivedRelatedToSalesOfLinefill
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Payments For Proceeds From Other Investing Activities
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Net Cash Provided By Used In Investing Activities
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Proceeds From Repayments Of Commercial Paper
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Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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Payments To Minority Shareholders
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Distribution Made To Limited Partner Cash Distributions Paid
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Distribution Made To Limited Partner Cash Distributions Paid
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Payments Of Dividends Minority Interest
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Profit Loss
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Profit Loss
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Net Income Loss
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Debt And Capital Lease Obligations
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Letters Of Credit Outstanding Amount
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Initial Margin
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Initial Margin
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Variation Margin Posted Returned
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Derivative Asset Collateral Obligation To Return Cash Offset
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Number Of Operating Segments
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Revenues
Revenues
|
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Income Loss From Equity Method Investments
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Segment Adjusted Ebitda
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Revenues
Revenues
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Income Loss From Equity Method Investments
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Revenues
Revenues
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Income Loss From Equity Method Investments
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pagp |
Segment Adjusted Ebitda
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Maintenance Capital Expenditures
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Revenues
Revenues
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Income Loss From Equity Method Investments
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pagp |
Segment Adjusted Ebitda
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Maintenance Capital Expenditures
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Segment Adjusted Ebitda
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Segment Adjusted Ebitda
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Depreciation And Amortization Of Unconsolidated Entities
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Depreciation And Amortization Of Unconsolidated Entities
DepreciationAndAmortizationOfUnconsolidatedEntities
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Depreciation And Amortization Of Unconsolidated Entities
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Depreciation And Amortization Of Unconsolidated Entities
DepreciationAndAmortizationOfUnconsolidatedEntities
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Gains Losses From Derivative Activities And Inventory Valuation Adjustments
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pagp |
Gains Losses From Derivative Activities And Inventory Valuation Adjustments
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pagp |
Gains Losses From Derivative Activities And Inventory Valuation Adjustments
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Long Term Inventory Costing Adjustments
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CY2022Q2 | pagp |
Long Term Inventory Costing Adjustments
LongTermInventoryCostingAdjustments
|
-13000000 | usd |
pagp |
Long Term Inventory Costing Adjustments
LongTermInventoryCostingAdjustments
|
31000000 | usd | |
pagp |
Long Term Inventory Costing Adjustments
LongTermInventoryCostingAdjustments
|
-105000000 | usd | |
CY2023Q2 | pagp |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
-2000000 | usd |
CY2022Q2 | pagp |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
10000000 | usd |
pagp |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
-9000000 | usd | |
pagp |
Deficiencies Under Minimum Volume Commitments Net
DeficienciesUnderMinimumVolumeCommitmentsNet
|
15000000 | usd | |
CY2023Q2 | pagp |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
8000000 | usd |
CY2022Q2 | pagp |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
7000000 | usd |
pagp |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
17000000 | usd | |
pagp |
Equity Indexed Compensation Expense Awards That Will Be Settled In Units
EquityIndexedCompensationExpenseAwardsThatWillBeSettledInUnits
|
15000000 | usd | |
CY2023Q2 | pagp |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
-19000000 | usd |
CY2022Q2 | pagp |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
-3000000 | usd |
pagp |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
-15000000 | usd | |
pagp |
Net Gain Loss On Foreign Currency Revaluation
NetGainLossOnForeignCurrencyRevaluation
|
-1000000 | usd | |
CY2023Q2 | pagp |
Adjusted Ebitda Attributable To Noncontrolling Interests In Consolidated Joint Ventures
AdjustedEBITDAAttributableToNoncontrollingInterestsInConsolidatedJointVentures
|
103000000 | usd |
CY2022Q2 | pagp |
Adjusted Ebitda Attributable To Noncontrolling Interests In Consolidated Joint Ventures
AdjustedEBITDAAttributableToNoncontrollingInterestsInConsolidatedJointVentures
|
89000000 | usd |
pagp |
Adjusted Ebitda Attributable To Noncontrolling Interests In Consolidated Joint Ventures
AdjustedEBITDAAttributableToNoncontrollingInterestsInConsolidatedJointVentures
|
200000000 | usd | |
pagp |
Adjusted Ebitda Attributable To Noncontrolling Interests In Consolidated Joint Ventures
AdjustedEBITDAAttributableToNoncontrollingInterestsInConsolidatedJointVentures
|
166000000 | usd | |
CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
260000000 | usd |
CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
243000000 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
517000000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
475000000 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-3000000 | usd |
CY2022Q2 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
3000000 | usd |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
150000000 | usd | |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
46000000 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
95000000 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
99000000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
193000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
206000000 | usd | |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
20000000 | usd |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-118000000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
85000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-155000000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
389000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
295000000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
915000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
539000000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
56000000 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
56000000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
139000000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
91000000 | usd | |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
333000000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
239000000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
776000000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
448000000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
285000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
208000000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
659000000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
395000000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
48000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
117000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
53000000 | usd | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |