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 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $283.00M | $280.00M | $252.00M | - | $265.00M | $241.00M | $267.00M | - | $270.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $17.00M | $18.00M | $17.00M | - | $16.00M | $17.00M | $17.00M | - | $16.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $38.00M | $34.00M | $34.00M | - | $35.00M | $31.00M | $30.00M | - | $30.00M |
| Operating Income | - | $255.00M | $235.00M | ($11.00M) | - | $217.00M | $255.00M | $227.00M | - | $238.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $0 | $1.00M | $0 | - | $1.00M | $0 | $1.00M | - | $1.00M |
| Net Income | - | $242.00M | $225.00M | ($18.00M) | - | $206.00M | $255.00M | $226.00M | - | $237.00M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $62.00M | $71.00M | $2.00M | $3.00M | $7.00M | $2.00M | $7.00M | $92.00M | $286.00M | $655.00M |
| Accounts Receivable | $7.00M | $3.00M | $5.00M | $3.00M | $3.00M | $3.00M | $4.00M | $4.00M | $4.00M | $4.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $67.00M | $97.00M | $48.00M | $54.00M | $73.00M | $104.00M | $88.00M | $75.00M | $84.00M | $79.00M |
| Current Assets | $211.00M | $209.00M | $152.00M | $143.00M | $140.00M | $111.00M | $128.00M | $214.00M | $414.00M | $774.00M |
| Total Assets | $7.10B | $7.08B | $7.00B | $7.05B | $7.26B | $7.29B | $7.20B | $7.00B | $6.96B | $7.19B |
| Current Liabilities | $627.00M | $680.00M | $629.00M | $666.00M | $633.00M | $553.00M | $455.00M | $204.00M | $199.00M | $512.00M |
| Long-term Debt | $3.45B | $3.45B | $3.44B | $3.44B | $3.44B | $3.44B | $3.44B | $3.49B | $3.49B | $3.49B |
| Total Liabilities | $4.16B | $4.21B | $4.16B | $4.20B | $4.17B | $4.09B | $3.99B | $4.14B | $4.13B | $4.44B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $227.00M | - | - | - | $274.00M | - | - |
| Investing Cash Flow | - | - | - | ($39.00M) | - | - | - | ($273.00M) | - | - |
| Financing Cash Flow | - | - | - | ($192.00M) | - | - | - | ($195.00M) | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 90.1% | 83.9% | -4.4% | - | 81.9% | 105.8% | 85.0% | - | 88.1% |
| EBITDA margin | - | 103.5% | 96.1% | 9.1% | - | 95.1% | 118.7% | 96.3% | - | 99.3% |
| Net margin | - | 85.5% | 80.4% | -7.1% | - | 77.7% | 105.8% | 84.6% | - | 87.8% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 6.0% | 6.4% | 6.7% | - | 6.0% | 7.1% | 6.4% | - | 5.9% |
| Effective tax rate | - | 0.0% | 0.4% | - | - | 0.5% | 0.0% | 0.4% | - | 0.4% |
| Return on assets | - | 3.4% | 3.2% | -0.3% | - | 2.8% | 3.5% | 3.2% | - | 3.3% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.34 | 0.31 | 0.24 | 0.21 | 0.22 | 0.20 | 0.28 | 1.05 | 2.08 | 1.51 |
| Quick ratio | 0.34 | 0.31 | 0.24 | 0.21 | 0.22 | 0.20 | 0.28 | 1.05 | 2.08 | 1.51 |
| Cash ratio | 0.10 | 0.10 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.45 | 1.44 | 1.28 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.49 | 0.49 | 0.49 | 0.49 | 0.47 | 0.47 | 0.48 | 0.50 | 0.50 | 0.49 |
| Debt / EBITDA | - | 11.76 | 12.81 | 149.74 | - | 13.66 | 12.03 | 13.58 | - | 13.02 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.59 | 0.60 | 0.59 | 0.60 | 0.57 | 0.56 | 0.55 | 0.59 | 0.59 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.04 | 0.04 | 0.04 | - | 0.04 | 0.03 | 0.04 | - | 0.04 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 4d | 7d | 4d | - | 4d | 6d | 5d | - | 5d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 6.8% | 16.2% | -5.6% | - | -1.9% | -8.4% | -11.6% | - | 1.9% |
| Revenue CAGR (3y) | - | 2.2% | 3.3% | -0.5% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | 38.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 17.5% | -7.8% | - | - | -8.8% | 9.0% | 14.1% | - | 9.7% |
| Net income growth (YoY) | - | 17.5% | -11.8% | - | - | -13.1% | 9.4% | 14.1% | - | 9.2% |
| 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%
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.