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

PAA Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	1,769	1,113	1,502	1,228	648
Depreciation & Amortization	934	953	901	909	965	774
Stock-Based Compensation	-	49	50	50	40	23
Other Adjustments	-772.5	-808	-529	-787	-164	347
Change in Receivables	-	204	76	79	649	-2,179
Changes in Inventories	-	96	120	102	-10	-18
Changes in Accounts Payable	-	-334	-57	-141	-830	1,970
Changes in Other Operating Activities	2,954	2,957	2,798	2,790	530	431
Operating Cash Flow	2,715	2,936	2,490	2,727	2,408	1,996
Operating Cash Flow Growth	4.71%	17.91%	-8.69%	13.25%	20.64%	31.84%
Capital Expenditures	-582	-643	-448	-408	-455	-336
Sale of Property, Plant & Equipment	81	81	11	328	60	881
Purchases of Investments	-2	-332	-633	-33	-14	-94
Payments for Business Acquisitions	-2,115	-2,651	-248	-425	-149	-32
Other Investing Activities	-2,714	-3,599	-1,350	-542	32	-33
Investing Cash Flow	-2,853	-3,769	-1,504	-702	-526	386
Short-Term Debt Issued	622	577	-40	433	-	-545
Short-Term Debt Repaid	-	-	-	-	-	-167
Net Short-Term Debt Issued (Repaid)	622	577	-40	433	-	-712
Long-Term Debt Issued	2,000	4,428	1,279	-	-	-
Long-Term Debt Repaid	-	-2,114	-750	-1,100	-750	-200
Net Long-Term Debt Issued (Repaid)	2,000	2,314	529	-1,100	-750	-200
Repurchase of Common Stock	-4	-8	-	-	-74	-178
Net Common Stock Issued (Repurchased)	-4	-8	-	-	-74	-178
Repurchase of Preferred Stock	-	-333	-	-	-	-
Net Preferred Stock Issued (Repurchased)	-	-333	-	-	-	-
Common Dividends Paid	-1,098	-1,070	-891	-748	-584	-517
Preferred Share Dividends Paid	-214	-225	-254	-241	-198	-198
Other Financing Activities	-418	-456	-421	-320	-325	-179
Financing Cash Flow	-130	799	-1,077	-1,976	-1,931	-1,984
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6.5	14	-11	0	-3	-5
Net Cash Flow	-256	-20	-102	49	-52	393
Free Cash Flow	2,133	2,293	2,042	2,319	1,953	1,660
Free Cash Flow Growth	-6.98%	12.29%	-11.95%	18.74%	17.65%	113.92%
FCF Margin	4.71%	5.18%	4.18%	4.90%	3.41%	3.95%
Free Cash Flow Per Share	2.12	3.26	2.91	3.32	2.79	1.54
Levered Free Cash Flow	7,073	7,355	4,575	3,815	487	2,502
Unlevered Free Cash Flow	4,798	4,478	4,260	4,566	1,320	3,586

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q