XML 28 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES      
Total revenues $ 23,290 $ 33,669 $ 34,055
COSTS AND EXPENSES      
Purchases and related costs 20,431 29,452 29,793
Field operating costs 1,076 1,303 1,263
General and administrative expenses 271 297 316
Depreciation and amortization 653 601 520
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) 719 28 (114)
Goodwill impairment losses (Note 8) 2,515 0 0
Total costs and expenses 25,665 31,681 31,778
OPERATING INCOME/(LOSS) (2,375) 1,988 2,277
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 355 388 375
Gain on/(impairment of) investments in unconsolidated entities, net (Note 9) (182) 271 200
Interest expense (net of capitalized interest of $24, $34 and $30, respectively) (436) (425) (431)
Other income/(expense), net 39 24 (7)
INCOME/(LOSS) BEFORE TAX (2,599) 2,246 2,414
Current income tax expense (51) (112) (66)
Deferred income tax (expense)/benefit 70 46 (132)
NET INCOME/(LOSS) (2,580) 2,180 2,216
Net income attributable to noncontrolling interests (10) (9) 0
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA (2,590) 2,171 2,216
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):      
Net income/(loss) allocated to common unitholders — Basic (2,790) 1,967 2,009
Net income/(loss) allocated to common unitholders — Diluted $ (2,790) $ 2,119 $ 2,164
Common Units      
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):      
Basic weighted average common units outstanding (in units) 728 727 726
Basic net income/(loss) per common unit (in dollars per unit) $ (3.83) $ 2.70 $ 2.77
Diluted weighted average common units outstanding (in units) 728 800 799
Diluted net income/(loss) per common unit (in dollars per unit) $ (3.83) $ 2.65 $ 2.71
Supply and Logistics      
REVENUES      
Total revenues $ 22,058 $ 32,272 $ 32,819
Transportation      
REVENUES      
Total revenues 610 788 648
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 350 388 375
Facilities      
REVENUES      
Total revenues 622 $ 609 $ 588
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities $ 5