$PSX
Phillips 66 Stock $psx

$psx Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000153470119000072 Filed on April 30, 2019

Income Statement

Concept	2019 Q1	2018 Q1
Revenue	$23.10B	$23.60B
YoY Change	-2.09%	3.06%
Cost Of Revenue	$21.06B	$21.14B
YoY Change	-0.39%	1.82%
Gross Profit	$2.048B	$2.457B
YoY Change	-16.65%	18.93%
Gross Profit Margin	8.86%	10.41%
Selling, General & Admin	$366.0M	$386.0M
YoY Change	-5.18%	0.52%
% of Gross Profit	17.87%	15.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$331.0M	$336.0M
YoY Change	-1.49%	6.67%
% of Gross Profit	16.16%	13.68%
Operating Expenses	$366.0M	$386.0M
YoY Change	-5.18%	0.52%
Operating Profit	$1.682B	$2.071B
YoY Change	-18.78%	23.13%
Interest Expense	$73.00M	$288.0M
YoY Change	-74.65%	-24.8%
% of Operating Profit	4.34%	13.91%
Other Income/Expense, Net	$38.00M	$10.00M
YoY Change	280.0%	-97.79%
Pretax Income	$340.0M	$717.0M
YoY Change	-52.58%	-10.04%
Income Tax	$70.00M	$132.0M
% Of Pretax Income	20.59%	18.41%
Net Earnings	$204.0M	$524.0M
YoY Change	-61.07%	-2.06%
Net Earnings / Revenue	0.88%	2.22%
Basic Earnings Per Share	$0.44	$1.07
Diluted Earnings Per Share	$0.44	$1.07
COMMON SHARES
Basic Shares Outstanding	457.6M shares	487.1M shares
Diluted Shares Outstanding	459.3M shares	489.7M shares

Balance Sheet

Concept	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.253B	$842.0M
YoY Change	48.81%	-44.35%
Cash & Equivalents	$1.253B	$842.0M
Short-Term Investments
Other Short-Term Assets	$915.0M	$416.0M
YoY Change	119.95%	-28.28%
Inventory	$5.344B	$4.743B
Prepaid Expenses
Receivables	$7.303B	$6.124B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$14.82B	$12.13B
YoY Change	22.19%	-0.37%
LONG-TERM ASSETS
Property, Plant & Equipment	$22.26B	$21.50B
YoY Change	3.55%	1.22%
Goodwill	$3.270B	$3.270B
YoY Change	0.0%	0.0%
Intangibles	$864.0M	$871.0M
YoY Change	-0.8%	-2.68%
Long-Term Investments	$14.79B	$13.93B
YoY Change	6.11%	4.3%
Other Assets	$1.857B	$432.0M
YoY Change	329.86%	-8.28%
Total Long-Term Assets	$43.04B	$40.01B
YoY Change	7.58%	1.97%
TOTAL ASSETS
Total Short-Term Assets	$14.82B	$12.13B
Total Long-Term Assets	$43.04B	$40.01B
Total Assets	$57.86B	$52.13B
YoY Change	10.98%	1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.310B	$6.736B
YoY Change	23.37%	15.56%
Accrued Expenses	$2.277B	$1.763B
YoY Change	29.15%	0.8%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$30.00M	$42.00M
YoY Change	-28.57%	-93.1%
Total Short-Term Liabilities	$11.33B	$9.236B
YoY Change	22.65%	5.8%
LONG-TERM LIABILITIES
Long-Term Debt	$11.27B	$11.58B
YoY Change	-2.69%	20.6%
Other Long-Term Liabilities	$3.058B	$1.898B
YoY Change	61.12%	-9.4%
Total Long-Term Liabilities	$14.33B	$13.48B
YoY Change	6.3%	15.23%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.33B	$9.236B
Total Long-Term Liabilities	$14.33B	$13.48B
Total Liabilities	$31.11B	$27.83B
YoY Change	11.78%	0.55%
SHAREHOLDERS EQUITY
Retained Earnings	$20.41B	$16.54B
YoY Change	23.41%	29.05%
Common Stock	$19.89B	$19.78B
YoY Change	0.53%	1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$15.37B	$13.89B
YoY Change	10.63%	53.1%
Treasury Stock Shares	193.2M shares	178.9M shares
Shareholders Equity	$24.22B	$21.92B
YoY Change
Total Liabilities & Shareholders Equity	$57.86B	$52.13B
YoY Change	10.98%	1.41%

Cashflow Statement

Concept	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$204.0M	$524.0M
YoY Change	-61.07%	-2.06%
Depreciation, Depletion And Amortization	$331.0M	$336.0M
YoY Change	-1.49%	6.67%
Cash From Operating Activities	-$478.0M	$488.0M
YoY Change	-197.95%	-188.89%
INVESTING ACTIVITIES
Capital Expenditures	-$1.097B	-$328.0M
YoY Change	234.45%	-30.21%
Acquisitions
YoY Change
Other Investing Activities	$18.00M	$45.00M
YoY Change	-60.0%	87.5%
Cash From Investing Activities	-$1.012B	-$357.0M
YoY Change	183.47%	-325.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$336.0M	$3.270B
YoY Change	-89.72%	1063.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$284.0M	-$2.409B
YoY Change	-88.21%	251.17%
NET CHANGE
Cash From Operating Activities	-$478.0M	$488.0M
Cash From Investing Activities	-$1.012B	-$357.0M
Cash From Financing Activities	-$284.0M	-$2.409B
Net Change In Cash	-$1.766B	-$2.277B
YoY Change	-22.44%	111.81%
FREE CASH FLOW
Cash From Operating Activities	-$478.0M	$488.0M
Capital Expenditures	-$1.097B	-$328.0M
Free Cash Flow	$619.0M	$816.0M
YoY Change	-24.14%	-1132.91%

Facts In Submission

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CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
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CY2019Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	193000000	USD
CY2019Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	5000000	USD
CY2019Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.038
CY2019Q1	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P13Y1M6D
CY2018Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	16000000	USD
CY2019Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-5000000	USD
CY2018Q4	us-gaap	Goodwill Goodwill	3270000000	USD
CY2019Q1	us-gaap	Goodwill Goodwill	3270000000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	524000000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	204000000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	717000000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	340000000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	585000000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	270000000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	424000000	USD
CY2019Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	516000000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-119000000	USD
CY2019Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-95000000	USD
CY2018Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	717000000	USD
CY2019Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	340000000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	132000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2409000000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70000000	USD
CY2019Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	438000000	USD
CY2018Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-1366000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-284000000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-552000000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2466000000	USD
CY2018Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1330000000	USD
CY2019Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1790000000	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	51000000	USD
CY2019Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	1170000000	USD
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2603000	shares
CY2019Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1690000	shares
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	869000000	USD
CY2019Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	864000000	USD
CY2018Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	123000000	USD
CY2019Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	119000000	USD
CY2018Q4	us-gaap	Inventory Crude Oil Products And Merchandise InventoryCrudeOilProductsAndMerchandise	3238000000	USD
CY2019Q1	us-gaap	Inventory Crude Oil Products And Merchandise InventoryCrudeOilProductsAndMerchandise	5039000000	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	3543000000	USD
CY2019Q1	us-gaap	Inventory Net InventoryNet	5344000000	USD
CY2018Q4	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	3123000000	USD
CY2019Q1	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	4931000000	USD
CY2019Q1	us-gaap	Lease Cost LeaseCost	170000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1514000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	297000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	85000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	134000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	199000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	412000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	387000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	181000000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	27149000000	USD
CY2019Q1	us-gaap	Liabilities Liabilities	31110000000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	54302000000	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	57855000000	USD
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	8935000000	USD
CY2019Q1	us-gaap	Liabilities Current LiabilitiesCurrent	11328000000	USD
CY2018Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	11093000000	USD
CY2019Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	11268000000	USD
CY2018Q4	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	14421000000	USD
CY2019Q1	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	14786000000	USD
CY2018Q4	us-gaap	Minority Interest MinorityInterest	2500000000	USD
CY2019Q1	us-gaap	Minority Interest MinorityInterest	2528000000	USD
CY2018Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	45000000	USD
CY2019Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	56000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-357000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1012000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	488000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-478000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	524000000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	204000000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	61000000	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	66000000	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	522000000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	203000000	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	523000000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	203000000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	10000000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	38000000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	129000000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1333000000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1415000000	USD
CY2019Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	459000000	USD
CY2019Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	874000000	USD
CY2019Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	144000000	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1376000000	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1415000000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.040
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y4M24D
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	515000000	USD
CY2019Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1857000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	97000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	59000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax	4000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax	-3000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Before Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsBeforeTax	6000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Before Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsBeforeTax	-4000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax	2000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTax	-1000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	91000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	57000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	88000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	57000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	3000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	113000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	72000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-21000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-18000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-7000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-5000000	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
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-19000000	USD
CY2018Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1246000000	USD
CY2019Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1307000000	USD
CY2018Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	305000000	USD
CY2019Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	305000000	USD
CY2018Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	442000000	USD
CY2019Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	988000000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-173000000	USD
CY2019Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-42000000	USD
CY2018Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2000000	USD
CY2019Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	1000000	USD
CY2018Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	USD
CY2019Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	USD
CY2018Q1	us-gaap	Partners Capital Account Sale Of Units PartnersCapitalAccountSaleOfUnits	8000000	USD
CY2019Q1	us-gaap	Partners Capital Account Sale Of Units PartnersCapitalAccountSaleOfUnits	21000000	USD
CY2018Q1	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	1000000	USD
CY2019Q1	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	0	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	45000000	USD
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	18000000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3513000000	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	344000000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	327000000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	364000000	USD
CY2018Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	45000000	USD
CY2019Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	56000000	USD
CY2018Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	867000000	USD
CY2019Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	875000000	USD
CY2018Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	474000000	USD
CY2019Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	915000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	9000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	32000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	10000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	8000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1509000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	725000000	USD
CY2018Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	0	USD
CY2019Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	0	USD
CY2018Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-45000000	USD
CY2019Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	307000000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	585000000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	270000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	35197000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	35706000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22018000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22263000000	USD
CY2018Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	6173000000	USD
CY2019Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	7303000000	USD
CY2018Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-16000000	USD
CY2018Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	16000000	USD
CY2019Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	9000000	USD
CY2018Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	7000000	USD
CY2019Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	592000000	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	20489000000	USD
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	20408000000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	23595000000	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	23103000000	USD
CY2018Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	818000000	USD
CY2019Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	683000000	USD
CY2019Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	36000000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	386000000	USD
CY2019Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	366000000	USD
CY2019Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	32000000	USD
CY2018Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	892000	shares
CY2019Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	1024000	shares
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	24653000000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	24217000000	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
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	27153000000	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	26745000000	USD
CY2019Q1	us-gaap	Sublease Income SubleaseIncome	5000000	USD
CY2018Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1116000000	USD
CY2019Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	940000000	USD
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	141565000	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	178890000	shares
CY2018Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	189526331	shares
CY2018Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	189526000	shares
CY2019Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	193165112	shares
CY2019Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	193165000	shares
CY2018Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	37325000	shares
CY2019Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	3639000	shares
CY2018Q4	us-gaap	Treasury Stock Value TreasuryStockValue	15023000000	USD
CY2019Q1	us-gaap	Treasury Stock Value TreasuryStockValue	15367000000	USD
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	3513000000	USD
CY2019Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	344000000	USD
CY2019Q1	us-gaap	Variable Lease Cost VariableLeaseCost	7000000	USD
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	489668000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	459289000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	3480000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	2713000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	483585000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	454886000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	487065000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	457599000	shares
CY2019Q1	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 unaudited interim financial information presented in the financial statements included in this report is prepared in accordance with generally accepted accounting principles in the United States (GAAP) 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;">2018</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</font><font style="font-family:inherit;font-size:10.5pt;"> ended </font><font style="font-family:inherit;font-size:10.5pt;">March 31, 2019</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>

Files In Submission

Name	View Source	Status
0001534701-19-000072-index-headers.html	Edgar Link	pending
0001534701-19-000072-index.html	Edgar Link	pending
0001534701-19-000072.txt	Edgar Link	pending
0001534701-19-000072-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
psx-20190331.xml	Edgar Link	completed
psx-20190331.xsd	Edgar Link	pending
psx-20190331_cal.xml	Edgar Link	unprocessable
psx-20190331_def.xml	Edgar Link	unprocessable
psx-20190331_lab.xml	Edgar Link	unprocessable
psx-20190331_pre.xml	Edgar Link	unprocessable
psx-2019331_10q.htm	Edgar Link	pending
psx-2019331_ex101.htm	Edgar Link	pending
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$PSX
Phillips 66 Stock $psx

2019 Q1 Form 10-Q Financial Statement

#000153470119000072 Filed on April 30, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX Phillips 66 Stock $psx

2019 Q1 Form 10-Q Financial Statement

#000153470119000072 Filed on April 30, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX
Phillips 66 Stock $psx