10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001070423-19-000007 |
| Period End Date | 20190331 |
| Filing Date | 20190510 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | paa-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$66.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$436.00M | USD | Point-in-time |
| Restricted cash |
RestrictedCashCurrent
|
$33.00M | USD | Point-in-time |
| Trade accounts receivable and other receivables, net |
ReceivablesNetCurrent
|
$2.45B | USD | Point-in-time |
| Trade accounts receivable and other receivables, net |
ReceivablesNetCurrent
|
$3.00B | USD | Point-in-time |
| Inventory |
InventoryNet
|
$498.00M | USD | Point-in-time |
| Inventory |
InventoryNet
|
$640.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$279.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$373.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.53B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.25B | USD | Point-in-time |
| PROPERTY AND EQUIPMENT |
PropertyPlantAndEquipmentGross
|
$17.87B | USD | Point-in-time |
| PROPERTY AND EQUIPMENT |
PropertyPlantAndEquipmentGross
|
$18.08B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$3.19B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$3.08B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$14.79B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$14.89B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.52B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.53B | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$3.26B | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$2.70B | USD | Point-in-time |
| Linefill and base gas |
LinefillAndBaseGas
|
$916.00M | USD | Point-in-time |
| Linefill and base gas |
LinefillAndBaseGas
|
$907.00M | USD | Point-in-time |
| Long-term operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$477.00M | USD | Point-in-time |
| Long-term inventory |
InventoryNoncurrent
|
$136.00M | USD | Point-in-time |
| Long-term inventory |
InventoryNoncurrent
|
$181.00M | USD | Point-in-time |
| Other long-term assets, net |
OtherAssetsNoncurrent
|
$916.00M | USD | Point-in-time |
| Other long-term assets, net |
OtherAssetsNoncurrent
|
$893.00M | USD | Point-in-time |
| Total assets |
Assets
|
$27.39B | USD | Point-in-time |
| Total assets |
Assets
|
$25.51B | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$2.70B | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$3.45B | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$66.00M | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$149.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$579.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$686.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.46B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.18B | USD | Point-in-time |
| Senior notes, net |
SeniorLongTermNotes
|
$8.94B | USD | Point-in-time |
| Senior notes, net |
SeniorLongTermNotes
|
$8.94B | USD | Point-in-time |
| Other long-term debt, net |
OtherLongTermDebtNoncurrent
|
$234.00M | USD | Point-in-time |
| Other long-term debt, net |
OtherLongTermDebtNoncurrent
|
$202.00M | USD | Point-in-time |
| Long-term operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$383.00M | USD | Point-in-time |
| Other long-term liabilities and deferred credits |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$910.00M | USD | Point-in-time |
| Other long-term liabilities and deferred credits |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$882.00M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$10.05B | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$10.44B | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (NOTE 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (NOTE 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total partners capital |
PartnersCapital
|
$12.00B | USD | Point-in-time |
| Total partners capital |
PartnersCapital
|
$12.76B | USD | Point-in-time |
| Total liabilities and partners capital |
LiabilitiesAndStockholdersEquity
|
$27.39B | USD | Point-in-time |
| Total liabilities and partners capital |
LiabilitiesAndStockholdersEquity
|
$25.51B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest expense, capitalized interest |
InterestCostsCapitalized
|
$11.00M | USD | 1 Quarter |
| Interest expense, capitalized interest |
InterestCostsCapitalized
|
$6.00M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$8.38B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$8.40B | USD | 1 Quarter |
| Purchases and related costs |
CostOfGoodsAndServicesSold
|
$7.12B | USD | 1 Quarter |
| Purchases and related costs |
CostOfGoodsAndServicesSold
|
$7.52B | USD | 1 Quarter |
| Field operating costs |
OperatingCostsAndExpenses
|
$292.00M | USD | 1 Quarter |
| Field operating costs |
OperatingCostsAndExpenses
|
$326.00M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$76.00M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$79.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$127.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$136.00M | USD | 1 Quarter |
| (Gains)/losses on asset sales and asset impairments, net |
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
$-4.00M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$8.02B | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$7.66B | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$714.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$381.00M | USD | 1 Quarter |
| Equity earnings in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$75.00M | USD | 1 Quarter |
| Equity earnings in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$89.00M | USD | 1 Quarter |
| Gain on investment in unconsolidated entities (Note 7) |
GainLossOnInvestmentInUnconsolidatedEntities
|
$267.00M | USD | 1 Quarter |
| Interest expense (net of capitalized interest of $11 and $6, respectively) |
InterestExpense
|
$106.00M | USD | 1 Quarter |
| Interest expense (net of capitalized interest of $11 and $6, respectively) |
InterestExpense
|
$101.00M | USD | 1 Quarter |
| Other income/(expense), net |
OtherNonoperatingIncomeExpense
|
$25.00M | USD | 1 Quarter |
| Other income/(expense), net |
OtherNonoperatingIncomeExpense
|
$-1.00M | USD | 1 Quarter |
| INCOME BEFORE TAX |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$349.00M | USD | 1 Quarter |
| INCOME BEFORE TAX |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$994.00M | USD | 1 Quarter |
| Current income tax expense |
CurrentIncomeTaxExpenseBenefit
|
$30.00M | USD | 1 Quarter |
| Current income tax expense |
CurrentIncomeTaxExpenseBenefit
|
$13.00M | USD | 1 Quarter |
| Deferred income tax benefit/(expense) |
DeferredIncomeTaxExpenseBenefit
|
$-6.00M | USD | 1 Quarter |
| Deferred income tax benefit/(expense) |
DeferredIncomeTaxExpenseBenefit
|
$48.00M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$970.00M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$288.00M | USD | 1 Quarter |
| Net income allocated to common unitholders Basic |
NetIncomeLossAllocatedtoCommonUnitholdersBasic
|
$917.00M | USD | 1 Quarter |
| Net income allocated to common unitholders Basic |
NetIncomeLossAllocatedtoCommonUnitholdersBasic
|
$237.00M | USD | 1 Quarter |
| Net income allocated to common unitholders Diluted |
NetIncomeLossAllocatedtoCommonUnitholdersDiluted
|
$957.00M | USD | 1 Quarter |
| Net income allocated to common unitholders Diluted |
NetIncomeLossAllocatedtoCommonUnitholdersDiluted
|
$237.00M | USD | 1 Quarter |
Cash Flow Statement
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$970.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$288.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$127.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$136.00M | USD | 1 Quarter |
| (Gains)/losses on asset sales and asset impairments, net |
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
$-4.00M | USD | 1 Quarter |
| Equity-indexed compensation expense |
AllocatedShareBasedCompensationExpense
|
$17.00M | USD | 1 Quarter |
| Equity-indexed compensation expense |
AllocatedShareBasedCompensationExpense
|
$17.00M | USD | 1 Quarter |
| Deferred income tax (benefit)/expense |
DeferredIncomeTaxExpenseBenefit
|
$-6.00M | USD | 1 Quarter |
| Deferred income tax (benefit)/expense |
DeferredIncomeTaxExpenseBenefit
|
$48.00M | USD | 1 Quarter |
| Loss on foreign currency revaluation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-8.00M | USD | 1 Quarter |
| Loss on foreign currency revaluation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-4.00M | USD | 1 Quarter |
| Change in fair value of Preferred Distribution Rate Reset Option (Note 10) |
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
$-4.00M | USD | 1 Quarter |
| Change in fair value of Preferred Distribution Rate Reset Option (Note 10) |
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
$23.00M | USD | 1 Quarter |
| Equity earnings in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$75.00M | USD | 1 Quarter |
| Equity earnings in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$89.00M | USD | 1 Quarter |
| Distributions on earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$101.00M | USD | 1 Quarter |
| Distributions on earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$98.00M | USD | 1 Quarter |
| Gain on investment in unconsolidated entities (Note 7) |
GainLossOnInvestmentInUnconsolidatedEntities
|
$267.00M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-7.00M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-7.00M | USD | 1 Quarter |
| Changes in assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-182.00M | USD | 1 Quarter |
| Changes in assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$4.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.03B | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$521.00M | USD | 1 Quarter |
| Investments in unconsolidated entities |
CapitalContributionsToEquityMethodInvestees
|
$125.00M | USD | 1 Quarter |
| Investments in unconsolidated entities |
CapitalContributionsToEquityMethodInvestees
|
$40.00M | USD | 1 Quarter |
| Additions to property, equipment and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
$266.00M | USD | 1 Quarter |
| Additions to property, equipment and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
$280.00M | USD | 1 Quarter |
| Proceeds from sales of assets |
ProceedsFromSaleOfProductiveAssets
|
$83.00M | USD | 1 Quarter |
| Cash paid for purchases of linefill and base gas |
CashPaidRelatedToPurchasesOfLinefillAndBaseGas
|
$16.00M | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$-2.00M | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$8.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-429.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-221.00M | USD | 1 Quarter |
| Net repayments under commercial paper program (Note 8) |
ProceedsFromRepaymentsOfCommercialPaper
|
$-8.00M | USD | 1 Quarter |
| Net borrowings under senior unsecured revolving credit facility (Note 8) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$350.00M | USD | 1 Quarter |
| Net repayments under senior secured hedged inventory facility (Note 8) |
NetProceedsFromRepaymentsOfHedgedInventoryFacility
|
$-498.00M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$57.00M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$63.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-198.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-311.00M | USD | 1 Quarter |
| Effect of translation adjustment |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-3.00M | USD | 1 Quarter |
| Effect of translation adjustment |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-3.00M | USD | 1 Quarter |
| Net increase/(decrease) in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-14.00M | USD | 1 Quarter |
| Net increase/(decrease) in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$403.00M | USD | 1 Quarter |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$37.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$469.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$23.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$66.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$37.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$469.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$23.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$66.00M | USD | Point-in-time |
| Interest, net of amounts capitalized |
InterestPaidNet
|
$76.00M | USD | 1 Quarter |
| Interest, net of amounts capitalized |
InterestPaidNet
|
$70.00M | USD | 1 Quarter |
| Income taxes, net of amounts refunded |
IncomeTaxesPaidNet
|
$9.00M | USD | 1 Quarter |
| Income taxes, net of amounts refunded |
IncomeTaxesPaidNet
|
$65.00M | USD | 1 Quarter |
Stockholders Equity
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
PartnersCapital
|
$12.00B | USD | Point-in-time |
| Beginning balance |
PartnersCapital
|
$12.76B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$970.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$288.00M | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$58.00M | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-65.00M | USD | 1 Quarter |
| Ending balance |
PartnersCapital
|
$12.00B | USD | Point-in-time |
| Ending balance |
PartnersCapital
|
$12.76B | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$970.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$288.00M | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$58.00M | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-65.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$223.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$1.03B | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.