← Phillips 66

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.6b
$5.1b +228.36%
$5.6b +9.58%
$3.1b -45.02%
($4.0b) -229.23%
$1.3b +133.13%
$11.0b +737.05%
$7.0b -36.37%
$2.1b -69.82%
$4.4b +107.98%
—
Net Income (Loss) Available to Common Stockholders, Basic $1.5b
$5.1b +229.24%
$5.6b +9.59%
$3.1b -45.07%
($4.0b) -229.74%
$1.3b +132.79%
$11.0b +743.34%
$7.0b -36.41%
$2.1b -69.92%
$4.4b +108.54%
—
Net Income (Loss) Attributable to Noncontrolling Interest $89.0m $142.0m $278.0m $301.0m $261.0m $277.0m $367.0m $224.0m $58.0m $125.0m —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.6b $5.2b $5.9b $3.4b ($3.7b) $1.6b $11.4b $7.2b $2.2b $4.5b —
Amortization of Intangible Assets — $21.0m $14.0m $17.0m $27.0m $26.0m $27.0m $33.0m $53.0m $138.0m —
Depreciation Amortization Depletion — — — — — — $1.6b $2.0b $2.4b $3.3b $2.8b
Depreciation, Depletion and Amortization $1.2b $1.3b $1.4b $1.3b $1.4b $1.6b $1.6b $2.0b $2.4b $3.3b $2.8b
Deferred Income Tax $612.0m $1.9b $252.0m $183.0m $126.0m $272.0m $1.3b $840.0m ($251.0m) $178.0m $492.0m
Deferred Tax — — — — — — $1.3b $840.0m ($251.0m) $178.0m $492.0m
Share-based Payment Arrangement, Expense $156.0m $142.0m $100.0m $169.0m $127.0m $144.0m $210.0m $297.0m $210.0m $220.0m —
Asset Impairment Charge — — — — — — $60.0m $24.0m $456.0m $1.1b $1.0b
Goodwill, Impairment Loss — — — — $1.8b — — — — — $1.0b
Impairments $5.0m $24.0m $8.0m $861.0m $4.3b $1.5b $60.0m $24.0m $456.0m $1.1b —
Earnings (Loss)es From Equity Investments — — — — — — ($1.3b) ($822.0m) ($411.0m) $120.0m ($675.0m)
Income (Loss) from Equity Method Investments $1.4b $1.7b $2.7b $2.1b $1.2b $2.9b $3.0b $2.0b $1.8b $762.0m —
Nonoperating Income (Expense) $74.0m $521.0m $61.0m $119.0m $66.0m $454.0m $2.7b $359.0m $243.0m $438.0m —
Other Nonoperating Income (Expense) $56.0m $67.0m $16.0m $76.0m $52.0m $78.0m $75.0m $128.0m $85.0m $312.0m —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $815.0m $516.0m ($221.0m) $143.0m ($334.0m) $128.0m $1.3b $822.0m $411.0m ($120.0m) —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $68.0m ($1.8b) ($615.0m) ($1.2b) ($55.0m)
Change In Receivables — — — — — — ($2.1b) ($696.0m) $574.0m ($508.0m) ($1.8b)
Change In Inventory — — — — — — $74.0m ($245.0m) ($278.0m) $160.0m $909.0m
Increase (Decrease) in Inventories ($216.0m) $176.0m $202.0m $204.0m $71.0m ($511.0m) ($74.0m) $245.0m $278.0m ($160.0m) $909.0m
Inventories $216.0m ($176.0m) ($202.0m) ($204.0m) ($71.0m) $511.0m $74.0m ($245.0m) ($278.0m) $160.0m $909.0m
Accounts payable $1.6b $1.2b ($1.5b) $1.9b ($2.9b) $2.9b $1.7b ($480.0m) ($491.0m) ($804.0m) $1.3b
Gain (Loss) on Disposition of Other Assets — — — — — — $7.0m $115.0m $321.0m $3.0b —
Other $4.0m ($76.0m) ($86.0m) $269.0m ($39.0m) ($52.0m) ($70.0m) ($97.0m) ($120.0m) ($104.0m) —
Prepaid expenses and other current assets ($147.0m) $104.0m ($113.0m) ($14.0m) $92.0m ($339.0m) ($249.0m) $269.0m $44.0m ($259.0m) —
Net Cash Provided by (Used in) Operating Activities $3.0b
$3.6b +23.12%
$7.6b +107.59%
$4.8b -36.51%
$2.1b -56.09%
$6.0b +185.03%
$10.8b +79.71%
$7.0b -34.99%
$4.2b -40.38%
$5.0b +18.40%
$8.9b +79.87%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($1.9b) ($2.2b) ($1.9b) ($2.2b) ($2.5b)
Capital expenditures and investments ($2.8b) ($1.8b) ($2.6b) ($3.9b) ($2.9b) ($1.9b) ($2.2b) ($2.4b) ($1.9b) ($2.2b) ($2.5b)
Return of investments in equity affiliates — — $45.0m $71.0m $192.0m $267.0m $125.0m $201.0m $141.0m $90.0m —
Acquisitions, net of cash acquired — — — — — — ($306.0m) ($263.0m) ($625.0m) ($3.5b) ($1.5b)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — $625.0m $3.5b ($1.5b)
Net Other Investing Changes — — — — — — $581.0m $427.0m ($120.0m) $3.5b $1.6b
Payments for (Proceeds from) Other Investing Activities $146.0m $34.0m ($112.0m) ($31.0m) $130.0m ($2.0m) $10.0m ($32.0m) $106.0m ($24.0m) —
Net Cash Provided by (Used in) Investing Activities ($3.2b) ($1.1b) ($2.5b) ($3.7b) ($3.1b) ($1.9b) ($1.5b) ($1.8b) ($2.5b) ($2.1b) ($2.3b)
Cash flows from financing activities:
Issuance Of Debt $2.1b $3.5b $2.2b $1.8b $5.2b $1.4b $453.0m $6.3b $6.3b $8.4b $11.8b
Long Term Debt Issuance — — — — — — $453.0m $6.3b $6.3b $8.4b $11.8b
Long Term Debt Payments — — — — — — ($2.9b) ($4.3b) ($4.1b) ($8.8b) ($12.3b)
Loss (gain) on early redemption of debt — — — — — $0 $0 $53.0m ($3.0m) $0 —
Net Issuance Payments Of Debt — — — — — — ($2.4b) $2.0b $2.1b ($379.0m) ($515.0m)
Net Long Term Debt Issuance — — — — — — ($2.4b) $2.0b $2.1b ($379.0m) ($515.0m)
Repayment Of Debt ($833.0m) ($3.7b) ($1.1b) ($1.3b) ($1.1b) ($3.0b) ($2.9b) ($4.3b) ($4.1b) ($8.8b) ($12.3b)
Common Stock Dividend Paid — — — — — — ($1.8b) ($1.9b) ($1.9b) ($1.9b) ($2.0b)
Common Stock Issuance — — — — — — $103.0m $123.0m $86.0m $107.0m $183.0m
Common Stock Payments — — — — — — ($1.5b) ($4.0b) ($3.5b) ($1.2b) ($1.2b)
Dividends paid on common stock ($1k) ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2.0b)
Issuance Of Capital Stock — — — — — — $103.0m $123.0m $86.0m $107.0m $183.0m
Issuance of common stock ($12.0m) $35.0m $39.0m $32.0m $8.0m $26.0m $103.0m $123.0m $86.0m $107.0m $183.0m
Net Common Stock Issuance — — — — — — ($1.4b) ($3.9b) ($3.4b) ($1.1b) ($1.0b)
Payments for Repurchase of Common Stock $1.0b $1.6b $4.6b $1.6b $443.0m $0 $1.5b $4.0b $3.5b $1.2b —
Payments of Ordinary Dividends, Common Stock $1.3b $1.4b $1.4b $1.6b $1.6b $1.6b $1.8b $1.9b $1.9b $1.9b ($2.0b)
Repurchase Of Capital Stock — — — — — — ($1.5b) ($4.0b) ($3.5b) ($1.2b) ($1.2b)
Repurchase of common stock ($1.0b) ($1.6b) ($4.6b) ($1.6b) ($443.0m) $0 ($1.5b) ($4.0b) ($3.5b) ($1.2b) —
Cash Dividends Paid — — — — — — ($1.8b) ($1.9b) ($1.9b) ($1.9b) ($2.0b)
Net Other Financing Charges — — — — — — ($755.0m) ($4.3b) ($190.0m) ($136.0m) ($137.0m)
Net Cash Provided by (Used in) Financing Activities ($178.0m)
($2.1b) -1085.96%
($5.2b) -144.77%
($2.5b) +51.40%
$1.8b +171.33%
($3.5b) -293.75%
($6.4b) -84.09%
($8.1b) -26.68%
($3.3b) +59.16%
($3.5b) -7.02%
($3.6b) -2.94%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $408.0m ($100.0m) ($1.4b) $900.0m $633.0m $3.0b ($2.8b) ($1.6b) ($622.0m) $4.1b
Beginning Cash Position — — — — — — $3.1b $6.1b $3.3b $1.7b $1.1b
Cash and cash equivalents at beginning of year $3.1b — $3.1b $3.0b $1.6b $2.5b $3.1b $6.1b $3.3b $1.1b $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $3.1b $3.0b $1.6b $2.5b $3.1b $6.1b $3.3b $1.7b — $4.1b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($35.0m) ($14.0m) $77.0m ($42.0m) $49.0m $43.0m ($8.0m) $50.0m ($31.0m)
Effect Of Exchange Rate Changes $10.0m $17.0m ($35.0m) ($14.0m) $77.0m ($42.0m) $49.0m $43.0m ($8.0m) $50.0m ($31.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Accounts and notes receivable ($1.3b) ($1.2b) $1.3b ($2.3b) $2.0b ($922.0m) ($2.1b) ($696.0m) $574.0m ($508.0m) —
Accretion Expense, Including Asset Retirement Obligations $21.0m $22.0m $23.0m $23.0m $22.0m $24.0m $23.0m $29.0m $40.0m $47.0m —
Accretion on discounted liabilities $21.0m $22.0m $23.0m $23.0m $22.0m $24.0m $23.0m $29.0m $40.0m $47.0m —
Additional Financial Items
Asset Retirement Obligation, Accretion Expense $9.0m $10.0m $10.0m $10.0m $15.0m $14.0m $15.0m $25.0m $27.0m $34.0m —
Cash Flow From Continuing Financing Activities — — — — — — ($6.4b) ($8.1b) ($3.3b) ($3.5b) ($3.6b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.5b) ($1.8b) ($2.5b) ($2.1b) ($2.3b)
Change In Account Payable — — — — — — $1.7b ($480.0m) ($491.0m) ($804.0m) $1.3b
Change In Cash Supplemental As Reported — — — — — — $3.0b ($2.8b) ($1.6b) ($622.0m) —
Change In Income Tax Payable — — — — — — $580.0m ($663.0m) ($464.0m) $230.0m $637.0m
Change In Payable — — — — — — $2.3b ($1.1b) ($955.0m) ($574.0m) $1.3b
Change In Prepaid Assets — — — — — — ($249.0m) $269.0m $44.0m ($259.0m) ($1.0b)
Change In Tax Payable — — — — — — $580.0m ($663.0m) ($464.0m) $230.0m $637.0m
Changes In Cash — — — — — — $2.9b ($2.9b) ($1.6b) ($672.0m) $3.0b
Contributions from noncontrolling interests — — — — — — — $0 $0 $132.0m —
Distributions to noncontrolling interests ($75.0m) ($120.0m) ($207.0m) ($241.0m) ($289.0m) ($324.0m) ($185.0m) ($163.0m) ($70.0m) ($164.0m) —
End Cash Position — — — — — — $6.1b $3.3b $1.7b $1.1b $4.1b
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — $365.0m ($433.0m) ($38.0m) $0 ($12.0m) —
Financing Cash Flow — — — — — — ($6.4b)
($8.1b) -26.68%
($3.3b) +59.16%
($3.5b) -7.02%
($3.6b) -2.94%
Foreign Currency Transaction Gain (Loss), before Tax $15.0m $0 $31.0m ($5.0m) ($12.0m) ($1.0m) $9.0m ($22.0m) ($11.0m) $1.0m —
Free Cash Flow — — — — — — $8.9b $4.9b $2.3b $2.7b $6.4b
Gain (Loss) on Disposition of Assets — — — — — $7.0m — — — — —
Gain (Loss) on Disposition of Business — — — — — — $3.0b $0 $0 — —
Goodwill $3.3b $3.3b $3.3b $3.3b $1.4b $1.5b $1.5b $1.6b $1.6b $1.4b $1.0b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $1.6b $5.1b $5.6b $3.1b ($4.0b) $1.3b $11.0b $7.0b $2.1b $4.4b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.6b — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — — —
Income Tax Expense (Benefit) $547.0m ($1.7b) $1.6b $801.0m ($1.2b) $146.0m $3.2b $2.2b $500.0m $892.0m —
Income Taxes Paid, Net ($375.0m) ($257.0m) $984.0m $955.0m $103.0m ($1.1b) $2.1b $1.4b $1.2b $200.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $311.0m $421.0m $465.0m $426.0m $478.0m $549.0m $572.0m $816.0m $901.0m $972.0m —
Investing Cash Flow — — — — — — ($1.5b) ($1.8b) ($2.5b) ($2.1b) ($2.3b)
Investment Income, Interest $18.0m $31.0m $45.0m $43.0m — — — — — — —
Net Business Purchase And Sale — — — — — — ($181.0m) ($62.0m) ($484.0m) ($3.4b) ($1.4b)
Net Change in Cash and Cash Equivalents ($363.0m) $408.0m ($100.0m) ($1.4b) $900.0m $633.0m $3.0b ($2.8b) ($1.6b) ($622.0m) —
Net gain on dispositions ($10.0m) ($15.0m) ($19.0m) ($20.0m) ($108.0m) ($7.0m) ($7.0m) ($115.0m) ($321.0m) ($3.0b) —
Operating Gains Losses — — — — — — ($1.3b) ($884.0m) ($735.0m) ($2.9b) ($2.8b)
Other Non Cash Items — — — — — — ($2.8b) ($390.0m) $798.0m ($22.0m) —
Proceeds from Noncontrolling Interests — — — — — — — — — $132.0m —
Proceeds from asset dispositions $156.0m $86.0m $57.0m $157.0m $51.0m $27.0m $4.0m $392.0m $1.1b $3.5b —
Purchase Of Business — — — — — — ($306.0m) ($263.0m) ($625.0m) ($3.5b) ($1.5b)
Purchases of government obligations — — — — — — $0 $0 ($1.1b) $0 —
Repurchase of noncontrolling interests — — — $0 $0 ($24.0m) ($500.0m) ($4.1b) $0 $0 —
Sale Of Business — — — — — — $125.0m $201.0m $141.0m $90.0m $88.0m
Supplemental disclosure of cash flow information:
Taxes and other accruals $111.0m $163.0m $268.0m ($245.0m) $517.0m ($56.0m) $580.0m ($663.0m) ($464.0m) $230.0m —
Undistributed equity earnings ($815.0m) ($516.0m) $221.0m ($143.0m) $334.0m ($128.0m) ($1.3b) ($822.0m) ($411.0m) $120.0m —
Unrealized Gain Loss On Investment Securities — — — — — — $433.0m $38.0m $0 $12.0m $15.0m
Unrealized investment loss — — — $0 $0 ($365.0m) $433.0m $38.0m $0 $12.0m —

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.