$PSX
Phillips 66 Stock $psx

$psx Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000153470118000071 Filed on April 27, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$23.60B	$22.89B
YoY Change	3.06%	31.51%
Cost Of Revenue	$21.14B	$20.76B
YoY Change	1.82%	36.1%
Gross Profit	$2.457B	$2.066B
YoY Change	18.93%	-7.81%
Gross Profit Margin	10.41%	9.02%
Selling, General & Admin	$386.0M	$384.0M
YoY Change	0.52%	-0.52%
% of Gross Profit	15.71%	18.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$336.0M	$315.0M
YoY Change	6.67%	12.5%
% of Gross Profit	13.68%	15.25%
Operating Expenses	$386.0M	$384.0M
YoY Change	0.52%	-0.52%
Operating Profit	$2.071B	$1.682B
YoY Change	23.13%	-9.33%
Interest Expense	$288.0M	$383.0M
YoY Change	-24.8%	171.63%
% of Operating Profit	13.91%	22.77%
Other Income/Expense, Net	$10.00M	$452.0M
YoY Change	-97.79%	2411.11%
Pretax Income	$717.0M	$797.0M
YoY Change	-10.04%	33.72%
Income Tax	$132.0M	$234.0M
% Of Pretax Income	18.41%	29.36%
Net Earnings	$524.0M	$535.0M
YoY Change	-2.06%	38.96%
Net Earnings / Revenue	2.22%	2.34%
Basic Earnings Per Share	$1.07	$1.02
Diluted Earnings Per Share	$1.07	$1.02
COMMON SHARES
Basic Shares Outstanding	487.1M shares	521.6M shares
Diluted Shares Outstanding	489.7M shares	524.5M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$842.0M	$1.513B
YoY Change	-44.35%	-12.19%
Cash & Equivalents	$842.0M	$1.513B
Short-Term Investments
Other Short-Term Assets	$416.0M	$580.0M
YoY Change	-28.28%	-10.49%
Inventory	$4.743B	$4.387B
Prepaid Expenses
Receivables	$6.124B	$5.690B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$12.13B	$12.17B
YoY Change	-0.37%	8.51%
LONG-TERM ASSETS
Property, Plant & Equipment	$21.50B	$21.24B
YoY Change	1.22%	5.8%
Goodwill	$3.270B	$3.270B
YoY Change	0.0%	-0.15%
Intangibles	$871.0M	$895.0M
YoY Change	-2.68%	-0.67%
Long-Term Investments	$13.93B	$13.36B
YoY Change	4.3%	7.31%
Other Assets	$432.0M	$471.0M
YoY Change	-8.28%	42.73%
Total Long-Term Assets	$40.01B	$39.24B
YoY Change	1.97%	5.95%
TOTAL ASSETS
Total Short-Term Assets	$12.13B	$12.17B
Total Long-Term Assets	$40.01B	$39.24B
Total Assets	$52.13B	$51.41B
YoY Change	1.41%	6.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.736B	$5.829B
YoY Change	15.56%	15.13%
Accrued Expenses	$1.763B	$1.749B
YoY Change	0.8%	7.96%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$42.00M	$609.0M
YoY Change	-93.1%	1803.13%
Total Short-Term Liabilities	$9.236B	$8.730B
YoY Change	5.8%	17.67%
LONG-TERM LIABILITIES
Long-Term Debt	$11.58B	$9.601B
YoY Change	20.6%	9.07%
Other Long-Term Liabilities	$1.898B	$2.095B
YoY Change	-9.4%	-8.6%
Total Long-Term Liabilities	$13.48B	$11.70B
YoY Change	15.23%	5.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.236B	$8.730B
Total Long-Term Liabilities	$13.48B	$11.70B
Total Liabilities	$27.83B	$27.68B
YoY Change	0.55%	12.51%
SHAREHOLDERS EQUITY
Retained Earnings	$16.54B	$12.81B
YoY Change	29.05%	3.06%
Common Stock	$19.78B	$19.58B
YoY Change	1.05%	2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$13.89B	$9.073B
YoY Change	53.1%	11.5%
Treasury Stock Shares	178.9M shares	126.4M shares
Shareholders Equity	$21.92B	$22.36B
YoY Change
Total Liabilities & Shareholders Equity	$52.13B	$51.41B
YoY Change	1.41%	6.55%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$524.0M	$535.0M
YoY Change	-2.06%	38.96%
Depreciation, Depletion And Amortization	$336.0M	$315.0M
YoY Change	6.67%	12.5%
Cash From Operating Activities	$488.0M	-$549.0M
YoY Change	-188.89%	-312.79%
INVESTING ACTIVITIES
Capital Expenditures	-$328.0M	-$470.0M
YoY Change	-30.21%	-37.33%
Acquisitions
YoY Change
Other Investing Activities	$45.00M	$24.00M
YoY Change	87.5%	-42.86%
Cash From Investing Activities	-$357.0M	$158.0M
YoY Change	-325.95%	-118.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$3.270B	$281.0M
YoY Change	1063.7%	-28.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$2.409B	-$686.0M
YoY Change	251.17%	-12.39%
NET CHANGE
Cash From Operating Activities	$488.0M	-$549.0M
Cash From Investing Activities	-$357.0M	$158.0M
Cash From Financing Activities	-$2.409B	-$686.0M
Net Change In Cash	-$2.277B	-$1.075B
YoY Change	111.81%	-20.43%
FREE CASH FLOW
Cash From Operating Activities	$488.0M	-$549.0M
Capital Expenditures	-$328.0M	-$470.0M
Free Cash Flow	$816.0M	-$79.00M
YoY Change	-1132.91%	-107.84%

Facts In Submission

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CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	51000000	USD
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CY2018Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2603000	shares
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	876000000	USD
CY2018Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	871000000	USD
CY2017Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	105000000	USD
CY2018Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	123000000	USD
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CY2018Q1	us-gaap	Inventory Crude Oil Products And Merchandise InventoryCrudeOilProductsAndMerchandise	4451000000	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	3395000000	USD
CY2018Q1	us-gaap	Inventory Net InventoryNet	4743000000	USD
CY2017Q4	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	2980000000	USD
CY2018Q1	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	4329000000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	26943000000	USD
CY2018Q1	us-gaap	Liabilities Liabilities	27832000000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	54371000000	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	52132000000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	10107000000	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	9236000000	USD
CY2017Q4	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	13941000000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	10069000000	USD
CY2018Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	11579000000	USD
CY2018Q1	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	13934000000	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	2343000000	USD
CY2018Q1	us-gaap	Minority Interest MinorityInterest	2377000000	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	24000000	USD
CY2018Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	45000000	USD
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CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-357000000	USD
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CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	535000000	USD
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CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	28000000	USD
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CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	522000000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	534000000	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	523000000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	452000000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	10000000	USD
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CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	432000000	USD
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CY2018Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	4000000	USD
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CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	91000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	24000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	88000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	2000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	3000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	43000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	113000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-17000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-21000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-9000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-7000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-23000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-22000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	3000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	6000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	1000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	2000000	USD
CY2017Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1270000000	USD
CY2018Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1246000000	USD
CY2017Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	289000000	USD
CY2018Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	292000000	USD
CY2017Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	455000000	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	435000000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-6000000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-173000000	USD
CY2017Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	1000000	USD
CY2018Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2000000	USD
CY2017Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	USD
CY2018Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	USD
CY2017Q1	us-gaap	Partners Capital Account Sale Of Units PartnersCapitalAccountSaleOfUnits	33000000	USD
CY2018Q1	us-gaap	Partners Capital Account Sale Of Units PartnersCapitalAccountSaleOfUnits	8000000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	24000000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	46000000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	285000000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3513000000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	326000000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	327000000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	24000000	USD
CY2018Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	45000000	USD
CY2017Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	884000000	USD
CY2018Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	879000000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	370000000	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	416000000	USD
CY2017Q1	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	325000000	USD
CY2018Q1	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	40000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	9000000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	10000000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	712000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1509000000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	0	USD
CY2018Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	0	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-34000000	USD
CY2018Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-45000000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	563000000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	585000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	33742000000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	34125000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21460000000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21500000000	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	7506000000	USD
CY2018Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	6124000000	USD
CY2017Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	26000000	USD
CY2018Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	16000000	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	773000000	USD
CY2018Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	7000000	USD
CY2017Q4	us-gaap	Restricted Cash RestrictedCash	0	USD
CY2018Q1	us-gaap	Restricted Cash RestrictedCash	0	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	16306000000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	16537000000	USD
CY2017Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	571000000	USD
CY2018Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	818000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	65000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	80000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	52000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	52000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	412000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P9M
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	22894000000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	23595000000	USD
CY2018Q1	us-gaap	Sales Type Lease Revenue SalesTypeLeaseRevenue	35000000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	384000000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	386000000	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	866000	shares
CY2018Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	892000	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	25085000000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	21923000000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	23725000000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	23725000000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	27428000000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24300000000	USD
CY2017Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1002000000	USD
CY2018Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1008000000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	122827000	shares
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	126362000	shares
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	141565000	shares
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	141565145	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	178890000	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	178889990	shares
CY2017Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	3535000	shares
CY2018Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	37325000	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	10378000000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	13891000000	USD
CY2017Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	285000000	USD
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	3513000000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	524520000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	489668000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	4044000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	3480000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	517603000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	483585000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	521647000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	487065000	shares
CY2018Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;color:#000000;font-weight:bold;text-decoration:none;">Interim Financial Information</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">The interim financial information presented in the financial statements included in this report is unaudited and includes all known accruals and adjustments necessary, in the opinion of management, for a fair presentation of the consolidated financial position of Phillips 66 and its results of operations and cash flows for the periods presented. Unless otherwise specified, all such adjustments are of a normal and recurring nature. Certain notes and other information have been condensed or omitted from the interim financial statements included in this report. Therefore, these interim financial statements should be read in conjunction with the consolidated financial statements and notes included in our </font><font style="font-family:inherit;font-size:10.5pt;">2017</font><font style="font-family:inherit;font-size:10.5pt;"> Annual Report on Form 10-K. The results of operations for the </font><font style="font-family:inherit;font-size:10.5pt;">three months ended</font><font style="font-family:inherit;font-size:10.5pt;"> </font><font style="font-family:inherit;font-size:10.5pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10.5pt;">, are not necessarily indicative of the results to be expected for the full year. Certain prior period financial information has been recast to reflect the current year’s presentation.</font></div></div>
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:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">New Accounting Standards</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">In February 2018, the FASB issued ASU No. 2018-02, "Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This ASU allows for the deferred income tax effects stranded in accumulated other comprehensive income (AOCI) resulting from the Tax Act enacted in December 2017 to be reclassed from AOCI to retained earnings. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The new standard amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which may result in earlier recognition of losses. Public business entities should apply the guidance in ASU No. 2016-13 for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption will be permitted for annual periods beginning after December 15, 2018. We are currently evaluating the provisions of ASU No. 2016-13 and assessing the impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months.  Leases will continue to be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement.  Similarly, lessors will be required to classify leases as sales-type, finance or operating, with classification affecting the pattern of income recognition.  Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract.  Public business entities should apply the guidance in ASU No. 2016-02 for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. Entities are required to adopt the ASU using a modified retrospective approach, subject to certain optional practical expedients, and apply the provisions of ASU No. 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in the financial statements. We are currently evaluating the provisions of ASU No. 2016-02 and assessing its impact on our financial statements. As part of our assessment to-date, we have formed an implementation team, commenced identification of our lease population and selected a lease software package. We expect the adoption of ASU 2016-02 will materially gross up our consolidated balance sheet with the recognition of the ROU assets and operating lease liabilities.  The impact to our consolidated statements of income and cash flows is not expected to be material.  The new standard will also require additional disclosures for financing and operating leases.</font></div></div>

Files In Submission

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$PSX
Phillips 66 Stock $psx

2018 Q1 Form 10-Q Financial Statement

#000153470118000071 Filed on April 27, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX Phillips 66 Stock $psx

2018 Q1 Form 10-Q Financial Statement

#000153470118000071 Filed on April 27, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX
Phillips 66 Stock $psx