← PLAINS GP HOLDINGS LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $20.2b $26.2b $34.1b $33.7b $23.3b $42.1b $57.3b $48.7b $50.1b $44.3b
Cost of Revenue $17.2b $23.0b $29.8b $29.5b $20.4b $38.5b $53.2b $44.5b $45.6b $40.4b
Gross Profit (Calculated) $2.9b $3.2b $4.3b $4.2b $2.9b $3.6b $4.2b $4.2b $4.5b $3.8b
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
Operating Income (Loss) $990.0m $1.1b $2.3b $2.0b ($2.4b) $842.0m $1.3b $1.5b $1.2b $1.4b
Additional Financial Items
(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)
Amortization of Intangible Assets $44.0m $54.0m $66.0m $76.0m $90.0m $122.0m $254.0m $308.0m $266.0m $280.0m
Depreciation and amortization $495.0m $628.0m $521.0m $604.0m $656.0m $777.0m $968.0m $1.1b $1.0b $953.0m
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
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)
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 — — —
INCOME FROM CONTINUING OPERATIONS BEFORE TAX $738.0m $896.0m $2.4b $2.2b ($2.6b) $712.0m $1.4b $1.6b $1.3b $1.4b
INCOME FROM CONTINUING OPERATIONS, NET OF TAX $1.2b $839.0m $1.3b
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX (NOTE 3) $192.0m $231.0m $383.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — — — $1.4b
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
Net income attributable to PAGP from continuing operations — — — — — — — $144.0m $39.0m $152.0m
Net income attributable to PAGP from discontinued operations — — — — — — — $54.0m $64.0m $108.0m
Operating Lease, Lease Income — — — — — $28.0m $29.0m $32.0m $26.0m $8.0m
Other income, net $33.0m ($31.0m) ($7.0m) $24.0m $39.0m $19.0m ($219.0m) $102.0m $17.0m $21.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $738.0m $896.0m $2.4b $2.2b ($2.6b) $712.0m $1.4b $1.6b $1.3b $1.4b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — — $152.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — $1.3b
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — — $108.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — $383.0m
Basic net income per Class A share (in usd per share) $1 ($5) $2 $2 ($3) $0 $1 $1 $1 $1
Diluted net income per Class A share (in usd per share) $1 ($5) $2 $2 ($3) $0 $1 $1 $1 $1
Net Income (Loss) Attributable to Parent $94.0m ($731.0m) $334.0m $331.0m ($568.0m) $60.0m $168.0m $198.0m $103.0m $260.0m
Net Income (Loss) Attributable to Noncontrolling Interest $566.0m $690.0m $1.8b $1.7b ($1.9b) $540.0m $995.0m $1.2b $967.0m $1.4b
Net income attributable to noncontrolling interests ($566.0m) ($690.0m) ($1.8b) ($1.7b) $1.9b ($540.0m) ($995.0m) ($1.2b) ($967.0m) ($1.4b)
Net income attributable to noncontrolling interests from continuing operations — — — — — — — ($1.1b) ($800.0m) ($1.2b)
Net income attributable to noncontrolling interests from discontinued operations — — — — — — — ($138.0m) ($167.0m) ($275.0m)
Continuing operations (in usd per share) — — — — — — — $0.74 $0.19 $0.77
Discontinued operations (in usd per share) — — — — — — — $0.26 $0.32 $0.53
Basic weighted average Class A shares outstanding (in shares) 99.0m 145.0m 158.0m 168.0m 186.0m 194.0m 194.0m 195.0m 197.0m 198.0m
Diluted weighted average Class A shares outstanding (in shares) 99.0m 145.0m 282.0m 170.0m 246.0m 194.0m 194.0m 195.0m 197.0m 233.0m
Business Combination, Acquisition Related Costs — $6.0m $0 — $3.0m — — — — —
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
Current income tax expense from continuing operations ($85.0m) ($28.0m) ($66.0m) ($112.0m) ($51.0m) ($50.0m) ($84.0m) ($145.0m) ($195.0m) ($1.0m)
Deferred income tax expense from continuing operations $7.0m ($909.0m) ($236.0m) ($64.0m) $218.0m ($62.0m) ($162.0m) ($44.0m) ($9.0m) ($91.0m)
General and Administrative Expense $282.0m $280.0m $320.0m $302.0m $276.0m $298.0m $330.0m $356.0m $387.0m $348.0m
General and administrative expenses $282.0m $280.0m $320.0m $302.0m $276.0m $298.0m $330.0m $356.0m $387.0m $348.0m
Interest Expense $480.0m $510.0m $431.0m $425.0m $436.0m $425.0m $405.0m $386.0m — —
Interest Expense (non-operating) — — — — — — — — $382.0m $467.0m
Interest expense (net of capitalized interest of $11, $9 and $10, respectively) ($480.0m) ($510.0m) ($431.0m) ($425.0m) ($436.0m) ($425.0m) ($405.0m) ($386.0m) ($382.0m) ($467.0m)
Other Nonoperating Income (Expense) $33.0m ($31.0m) ($7.0m) $24.0m $39.0m $19.0m ($219.0m) $102.0m $17.0m $21.0m
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 Tax Expense (Benefit) $78.0m $937.0m $302.0m $176.0m ($167.0m) $112.0m $246.0m $189.0m $204.0m $92.0m
Total costs and expenses $19.2b $25.1b $31.8b $31.7b $25.7b $41.2b $56.1b $47.2b $48.9b $42.8b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.