← PLAINS ALL AMERICAN PIPELINE LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $20.2b
$26.2b +29.93%
$34.1b +29.87%
$33.7b -1.13%
$23.3b -30.83%
$42.1b +80.67%
$57.3b +36.28%
$48.7b -15.05%
$50.1b +2.79%
$44.3b -11.61%
$52.3b +18.17%
(Gains)/losses on asset sales, asset impairments and other, net (Note 7, Note 8) ($20.0m) $109.0m ($114.0m) $28.0m $719.0m $592.0m $269.0m ($152.0m) $160.0m ($54.0m) —
Cost of Revenue $17.2b
$23.0b +33.38%
$29.8b +29.62%
$29.5b -1.14%
$20.4b -30.63%
$38.5b +88.46%
$53.2b +38.11%
$44.5b -16.26%
$45.6b +2.31%
$40.4b -11.25%
$50.4b +24.59%
Gross Profit (Calculated) $2.9b
$3.2b +9.80%
$4.3b +31.62%
$4.2b -1.06%
$2.9b -32.20%
$3.6b +25.01%
$4.2b +16.56%
$4.2b +0.36%
$4.5b +7.94%
$3.8b -15.16%
—
General and Administrative Expense $279.0m $276.0m $316.0m $297.0m $271.0m $292.0m $325.0m $350.0m $381.0m $342.0m $366.0m
Amortization of Intangible Assets $44.0m $54.0m $66.0m $76.0m $90.0m $122.0m $254.0m $308.0m $266.0m $280.0m —
Operating Lease, Lease Income — — — — — $28.0m $29.0m $32.0m $26.0m $8.0m —
Operating expenses:
Field operating costs $1.2b $1.2b $1.3b $1.3b $1.1b $1.1b $1.3b $1.4b $1.8b $1.2b —
Operating Costs and Expenses $1.2b $1.2b $1.3b $1.3b $1.1b $1.1b $1.3b $1.4b $1.8b $1.2b —
Total costs and expenses $19.2b $25.1b $31.8b $31.7b $25.7b $41.2b $56.0b $47.2b $48.9b $42.8b $50.7b
Operating Income (Loss) $994.0m
$1.2b +16.00%
$2.3b +97.48%
$2.0b -12.69%
($2.4b) -219.47%
$851.0m +135.83%
$1.3b +51.82%
$1.5b +16.87%
$1.2b -21.99%
$1.4b +21.73%
$1.6b +9.07%
Interest Expense $467.0m $510.0m $431.0m $425.0m $436.0m $425.0m $405.0m $386.0m $430.0m $554.0m $614.0m
Foreign Currency Transaction Gain (Loss), before Tax ($8.0m) $21.0m $1.0m $1.0m $16.0m $7.0m ($41.0m) ($8.0m) $17.0m ($13.0m) —
Income (Loss) from Equity Method Investments $195.0m $290.0m $375.0m $388.0m $355.0m $274.0m $403.0m $369.0m $452.0m $382.0m —
Other Nonoperating Income (Expense) $33.0m ($31.0m) ($7.0m) $24.0m $39.0m $19.0m ($219.0m) $102.0m $65.0m $108.0m —
Other income, net $33.0m ($31.0m) ($7.0m) $24.0m $39.0m $19.0m ($219.0m) $102.0m $65.0m $108.0m $435.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — — — $1.4b $1.5b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $755.0m $902.0m $2.4b $2.2b ($2.6b) $721.0m $1.4b $1.6b $1.3b $1.4b $1.5b
Current Income Tax Expense (Benefit) $85.0m $28.0m $66.0m $112.0m $51.0m $50.0m $84.0m $145.0m $195.0m $1.0m $104.0m
Deferred income tax (expense)/benefit from continuing operations $60.0m ($16.0m) ($132.0m) $46.0m $70.0m ($23.0m) ($105.0m) $24.0m $28.0m ($14.0m) —
Income Tax Expense (Benefit) $25.0m $44.0m $198.0m $66.0m ($19.0m) $73.0m $189.0m $121.0m $167.0m $15.0m $104.0m
Basic net income per common unit (usd per unit) $0 $1 $3 $3 ($4) $1 $1 $1 $1 $2 —
Basic net income per common unit: continuing operations (usd per unit) — — — — — — — $1 $0 $1 —
Basic net income per common unit: discontinuing operations (usd per unit) — — — — — — — $0 $0 $1 —
Diluted net income per common unit (usd per unit) $0 $1 $3 $3 ($4) $1 $1 $1 $1 $2 —
Net Income (Loss) Attributable to Parent $726.0m
$856.0m +17.91%
$2.2b +158.88%
$2.2b -2.03%
($2.6b) -219.30%
$593.0m +122.90%
$1.0b +74.87%
$1.2b +18.61%
$772.0m -37.24%
$1.4b +85.88%
$2.5b +77.42%
Net Income (Loss) Attributable to Noncontrolling Interest $4.0m $2.0m $0 $9.0m $10.0m $55.0m $191.0m $272.0m $341.0m $334.0m $2.5b
Net income attributable to noncontrolling interests ($4.0m) ($2.0m) $0 ($9.0m) ($10.0m) ($55.0m) ($191.0m) ($272.0m) ($341.0m) ($334.0m) —
Preferred Stock Dividends, Income Statement Impact $122.0m — — — — — — — — — $210.0m
Additional Financial Items
Basic weighted average common units outstanding (in units) $464.0m $717.0m $726.0m $727.0m $728.0m $716.0m $701.0m $699.0m $702.0m $704.0m —
Business Combination, Acquisition Related Costs — $6.0m $0 — $3.0m — — — — — —
Depreciation and amortization $494.0m $626.0m $520.0m $601.0m $653.0m $774.0m $965.0m $1.0b $1.0b $953.0m —
Diluted weighted average common units outstanding (in units) $466.0m $718.0m $799.0m $800.0m $728.0m $716.0m $701.0m $699.0m $702.0m $704.0m —
Equity earnings in unconsolidated entities $195.0m $290.0m $375.0m $388.0m $355.0m $274.0m $403.0m $369.0m $452.0m $382.0m —
Gain on investments in unconsolidated entities, net (Note 8, Note 9) — — — — — $2.0m $346.0m $28.0m $15.0m $31.0m —
Goodwill, Impairment Loss — — — — $2.5b $0 $0 — — — $0
INCOME FROM CONTINUING OPERATIONS BEFORE TAX $755.0m $902.0m $2.4b $2.2b ($2.6b) $721.0m $1.4b $1.6b $1.3b $1.4b
INCOME FROM CONTINUING OPERATIONS, NET OF TAX $1.3b $882.0m $1.4b
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX (NOTE 3) $192.0m $231.0m $383.0m
Purchases and related costs $17.2b $23.0b $29.8b $29.5b $20.4b $38.5b $53.2b $44.5b $45.6b $40.4b —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — — $1.1b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — $1.4b —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — $383.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.