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

PAA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,129	772	1,230	1,037	593	-2,590
Depreciation & Amortization	1,047	1,026	1,048	965	774	653
Loss (Gain) From Sale of Assets	-46	20	-152	-61	-103	719
Asset Writedown & Restructuring Costs	140	140	-	330	695	2,748
Loss (Gain) From Sale of Investments	-46	-15	-28	-346	-2	182
Loss (Gain) on Equity Investments	45	53	89	85	157	117
Stock-Based Compensation	50	50	50	40	23	15
Other Operating Activities	220	370	296	549	86	-172
Change in Accounts Receivable	94	94	213	649	-2,179	1,432
Change in Inventory	70	70	223	-10	-18	-304
Change in Accounts Payable	-90	-90	-242	-830	1,970	-1,286
Operating Cash Flow	2,877	2,490	2,727	2,408	1,996	1,514
Operating Cash Flow Growth	3.71%	-8.69%	13.25%	20.64%	31.84%	-39.54%
Capital Expenditures	-772	-619	-559	-455	-336	-738
Sale of Property, Plant & Equipment	34	13	328	60	881	429
Cash Acquisitions	-969	-248	-425	-149	-32	-310
Investment in Securities	-	-4	-33	-14	-94	-461
Other Investing Activities	-388	-646	-13	32	-33	-13
Investing Cash Flow	-2,095	-1,504	-702	-526	386	-1,093
Short-Term Debt Issued	-	629	433	-	-	456
Long-Term Debt Issued	-	650	-	-	-	748
Total Debt Issued	2,576	1,279	433	-	-	1,204
Short-Term Debt Repaid	-	-40	-	-	-545	-160
Long-Term Debt Repaid	-	-750	-1,100	-750	-367	-617
Total Debt Repaid	-750	-790	-1,100	-750	-912	-777
Net Debt Issued (Repaid)	1,826	489	-667	-750	-912	427
Repurchase of Common Stock	-71	-	-	-74	-178	-50
Preferred Dividends Paid	-235	-254	-241	-198	-198	-198
Common Dividends Paid	-1,025	-891	-748	-584	-517	-655
Dividends Paid	-1,260	-1,145	-989	-782	-715	-853
Other Financing Activities	-472	-421	-320	-325	-179	41
Financing Cash Flow	-247	-1,077	-1,976	-1,931	-1,984	-435
Foreign Exchange Rate Adjustments	5	-11	-	-3	-5	-8
Net Cash Flow	540	-102	49	-52	393	-22
Free Cash Flow	2,105	1,871	2,168	1,953	1,660	776
Free Cash Flow Growth	-7.55%	-13.70%	11.01%	17.65%	113.92%	-41.34%
Free Cash Flow Margin	4.49%	3.74%	4.45%	3.41%	3.94%	3.33%
Free Cash Flow Per Share	2.99	2.67	3.10	2.79	2.32	1.07
Cash Interest Paid	494	381	377	393	401	428
Cash Income Tax Paid	113	269	69	112	76	111
Levered Free Cash Flow	1,210	1,189	1,447	1,410	1,052	233
Unlevered Free Cash Flow	1,527	1,458	1,688	1,663	1,318	505.5
Change in Working Capital	190	74	194	-191	-227	-158

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q