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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	910	772	1,230	1,037	593	-2,590
Depreciation & Amortization	1,043	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	64	53	89	85	157	117
Stock-Based Compensation	50	50	50	40	23	15
Other Operating Activities	167	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	2,751	2,490	2,727	2,408	1,996	1,514
Operating Cash Flow Growth	26.89%	-8.69%	13.25%	20.64%	31.84%	-39.54%
Capital Expenditures	-696	-619	-559	-455	-336	-738
Sale of Property, Plant & Equipment	30	13	328	60	881	429
Cash Acquisitions	-818	-248	-425	-149	-32	-310
Investment in Securities	-1	-4	-33	-14	-94	-461
Other Investing Activities	-1,024	-646	-13	32	-33	-13
Investing Cash Flow	-2,509	-1,504	-702	-526	386	-1,093
Short-Term Debt Issued	-	629	433	-	-	456
Long-Term Debt Issued	-	650	-	-	-	748
Total Debt Issued	2,026	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	-357	-790	-1,100	-750	-912	-777
Net Debt Issued (Repaid)	1,669	489	-667	-750	-912	427
Repurchase of Common Stock	-71	-	-	-74	-178	-50
Preferred Dividends Paid	-244	-254	-241	-198	-198	-198
Common Dividends Paid	-981	-891	-748	-584	-517	-655
Dividends Paid	-1,225	-1,145	-989	-782	-715	-853
Other Financing Activities	-453	-421	-320	-325	-179	41
Financing Cash Flow	-350	-1,077	-1,976	-1,931	-1,984	-435
Foreign Exchange Rate Adjustments	14	-11	-	-3	-5	-8
Net Cash Flow	-94	-102	49	-52	393	-22
Free Cash Flow	2,055	1,871	2,168	1,953	1,660	776
Free Cash Flow Growth	25.08%	-13.70%	11.01%	17.65%	113.92%	-41.34%
Free Cash Flow Margin	4.30%	3.74%	4.45%	3.41%	3.94%	3.33%
Free Cash Flow Per Share	2.92	2.67	3.10	2.79	2.32	1.07
Cash Interest Paid	440	381	377	393	401	428
Cash Income Tax Paid	124	269	69	112	76	111
Levered Free Cash Flow	1,303	1,189	1,447	1,410	1,052	233
Unlevered Free Cash Flow	1,606	1,458	1,688	1,663	1,318	505.5
Change in Working Capital	156	74	194	-191	-227	-158

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q