XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Total revenues $ 14,336 $ 10,776 $ 44,390 $ 29,089
COSTS AND EXPENSES        
Purchases and related costs 13,071 10,074 41,181 26,743
Field operating costs 318 274 971 746
General and administrative expenses 83 67 243 205
Depreciation and amortization 238 178 711 551
(Gains)/losses on asset sales and asset impairments, net 0 221 (46) 592
Total costs and expenses 13,710 10,814 43,060 28,837
OPERATING INCOME/(LOSS) 626 (38) 1,330 252
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 105 69 306 190
Gain on investment in unconsolidated entities 1   1  
Interest expense (net of capitalized interest of $1, $4, $3 and $14, respectively) (99) (106) (305) (319)
Other income/(expense), net (82) (10) (237) 13
INCOME/(LOSS) BEFORE TAX 551 (85) 1,095 136
Current income tax expense (12) (8) (60) (11)
Deferred income tax (expense)/benefit (97) 38 (117) 27
NET INCOME/(LOSS) 442 (55) 918 152
Net income attributable to noncontrolling interests (58) (4) (144) (9)
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA 384 (59) 774 143
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Net income/(loss) allocated to common unitholders - Basic 333 (109) 621 (7)
Net income/(loss) allocated to common unitholders - Diluted $ 333 $ (109) $ 621 $ (7)
Common Units        
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Basic weighted average common units outstanding (units) 698 715 702 719
Diluted weighted average common units outstanding (units) 698 715 702 719
Basic net income/(loss) per common unit (usd per unit) $ 0.48 $ (0.15) $ 0.89 $ (0.01)
Diluted net income/(loss) per common unit (usd per unit) $ 0.48 $ (0.15) $ 0.89 $ (0.01)
Product sales revenues        
REVENUES        
Total revenues $ 14,001 $ 10,515 $ 43,390 $ 28,221
Services revenues        
REVENUES        
Total revenues $ 335 $ 261 $ 1,000 $ 868