Plains All American Pipeline, L.P. (PAA)

PAA Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	48,712	57,342	42,078	23,290	33,669
Revenue Growth (YoY)	-15.05%	36.28%	80.67%	-30.83%	-1.13%
Cost of Revenue	45,956	54,491	39,569	21,507	30,755
Gross Profit	2,756	2,851	2,509	1,783	2,914
Selling, General & Admin	350	325	292	271	297
Other Operating Expenses	896	1,234	1,366	3,887	629
Operating Expenses	1,246	1,559	1,658	4,158	926
Operating Income	1,510	1,292	851	-2,375	1,988
Interest Expense / Income	386	405	425	436	425
Other Expense / Income	-227	-339	-240	-202	-674
Pretax Income	1,351	1,226	666	-2,609	2,237
Income Tax	121	189	73	-19	66
Net Income	1,230	1,037	593	-2,590	2,171
Preferred Dividends	254	206	200	200	204
Net Income Common	976	831	393	-2,790	1,967
Net Income Growth	17.45%	111.45%	-	-	-2.09%
Shares Outstanding (Basic)	699	701	716	728	727
Shares Outstanding (Diluted)	699	701	716	728	800
Shares Change	-0.29%	-2.09%	-1.65%	-9.00%	0.13%
EPS (Basic)	1.40	1.19	0.55	-3.83	2.70
EPS (Diluted)	1.40	1.19	0.55	-3.83	2.65
EPS Growth	17.65%	116.36%	-	-	-2.21%
Free Cash Flow	2,154	1,941	1,626	765	1,323
Free Cash Flow Per Share	3.08	2.77	2.27	1.05	1.82
Dividend Per Share	1.070	0.833	0.720	0.900	1.380
Dividend Growth	28.45%	15.69%	-20.00%	-34.78%	15.00%
Gross Margin	5.66%	4.97%	5.96%	7.66%	8.65%
Operating Margin	3.10%	2.25%	2.02%	-10.20%	5.90%
Profit Margin	2.00%	1.45%	0.93%	-11.98%	5.84%
Free Cash Flow Margin	4.42%	3.38%	3.86%	3.28%	3.93%
Effective Tax Rate	8.96%	15.42%	10.96%	-	2.95%
EBITDA	2,785	2,596	1,865	-1,520	3,263
EBITDA Margin	5.72%	4.53%	4.43%	-6.53%	9.69%
Depreciation & Amortization	1,048	965	774	653	601
EBIT	1,737	1,631	1,091	-2,173	2,662
EBIT Margin	3.57%	2.84%	2.59%	-9.33%	7.91%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).