PSXP · Phillips 66 Partners LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.04B | $1.13B | $446.00M | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $71.00M | $66.00M | $67.00M | $64.00M | $65.00M | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $141.00M | $135.00M | $120.00M | $117.00M | $116.00M | $96.00M |
| Operating Income | $781.00M | $811.00M | $926.00M | $800.00M | $528.00M | $410.00M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $4.00M | $3.00M | $3.00M | $4.00M | $4.00M | $2.00M |
| Net Income | $735.00M | $791.00M | $923.00M | $796.00M | $524.00M | $408.00M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $62.00M | $7.00M | $286.00M | $1.00M | $185.00M | $2.00M |
| Accounts Receivable | $7.00M | $3.00M | $4.00M | $5.00M | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $67.00M | $73.00M | $84.00M | $88.00M | $39.00M | $31.00M |
| Current Assets | $211.00M | $140.00M | $414.00M | $129.00M | $292.00M | $100.00M |
| Total Assets | $7.10B | $7.26B | $6.96B | $5.82B | $5.33B | $4.11B |
| Current Liabilities | $627.00M | $633.00M | $199.00M | $270.00M | $171.00M | $111.00M |
| Long-term Debt | $3.45B | $3.44B | $3.49B | $3.00B | $2.92B | $2.40B |
| Total Liabilities | $4.16B | $4.17B | $4.13B | $3.31B | $3.17B | $2.54B |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.15B | $955.00M | $1.02B | $892.00M | $492.00M | $492.00M |
| Investing Cash Flow | ($152.00M) | ($808.00M) | ($947.00M) | ($695.00M) | ($1.56B) | ($1.56B) |
| Financing Cash Flow | ($946.00M) | ($426.00M) | $216.00M | ($381.00M) | $1.02B | $1.02B |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 68.2% | 78.1% | 82.2% | 179.4% | - | - |
| EBITDA margin | 80.5% | 91.1% | 92.9% | 205.6% | - | - |
| Net margin | 64.1% | 76.2% | 82.0% | 178.5% | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.2% | 6.4% | 6.0% | 14.3% | - | - |
| Effective tax rate | 0.5% | 0.4% | 0.3% | 0.5% | 0.8% | 0.5% |
| Return on assets | 10.4% | 10.9% | 13.3% | 13.7% | 9.8% | 9.9% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.34 | 0.22 | 2.08 | 0.48 | 1.71 | 0.90 |
| Quick ratio | 0.34 | 0.22 | 2.08 | 0.48 | 1.71 | 0.90 |
| Cash ratio | 0.10 | 0.01 | 1.44 | 0.00 | 1.08 | 0.02 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.49 | 0.47 | 0.50 | 0.52 | 0.55 | 0.58 |
| Debt / EBITDA | 3.74 | 3.64 | 3.34 | 3.27 | 4.53 | 4.74 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | 0.59 | 0.57 | 0.59 | 0.57 | 0.59 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 0.16 | 0.14 | 0.16 | 0.08 | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 2d | 1d | 1d | 4d | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 10.4% | -7.8% | 152.5% | - | - | - |
| Revenue CAGR (3y) | 37.0% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | 37.5% | 33.1% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -3.7% | -12.4% | 15.8% | 51.5% | 28.8% | 110.8% |
| Net income growth (YoY) | -7.1% | -14.3% | 16.0% | 51.9% | 28.4% | 110.1% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$2.29B totalLease Revenue$944.00M · 41.2%
Pipeline Services$490.00M · 21.4%
Storage Processing And Other Revenues$481.00M · 21.0%
Service$202.00M · 8.8%
Terminals$175.00M · 7.6%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing PHILLIPS 66 PARTNERS LP against the 5 most active filers in the same SIC group.