XML 24 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Total revenues $ 57,342 $ 42,078 $ 23,290
COSTS AND EXPENSES      
Purchases and related costs 53,176 38,504 20,431
Field operating costs 1,315 1,065 1,076
General and administrative expenses 325 292 271
Depreciation and amortization 965 774 653
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) 269 592 719
Goodwill impairment loss (Note 8) 0 0 2,515
Total costs and expenses 56,050 41,227 25,665
OPERATING INCOME/(LOSS) 1,292 851 (2,375)
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 403 274 355
Gains (losses) on/(impairment of) investments in unconsolidated entities, net (Note 7, Note 9) 346 2 (182)
Interest expense (net of capitalized interest of $5, $18 and $24, respectively) (405) (425) (436)
Other income/(expense), net (219) 19 39
INCOME/(LOSS) BEFORE TAX 1,417 721 (2,599)
Current income tax expense (84) (50) (51)
Deferred income tax (expense)/benefit (105) (23) 70
NET INCOME/(LOSS) 1,228 648 (2,580)
Net income attributable to noncontrolling interests (191) (55) (10)
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA 1,037 593 (2,590)
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):      
Net income/(loss) allocated to common unitholders — Basic 831 393 (2,790)
Net income/(loss) allocated to common unitholders — Diluted $ 831 $ 393 $ (2,790)
Common Units      
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):      
Basic weighted average common units outstanding (in units) 701 716 728
Diluted weighted average common units outstanding (in units) 701 716 728
Basic net income/(loss) per common unit (in dollars per unit) $ 1.19 $ 0.55 $ (3.83)
Diluted net income/(loss) per common unit (in dollars per unit) $ 1.19 $ 0.55 $ (3.83)
Product sales revenues      
REVENUES      
Total revenues $ 55,948 $ 40,883 $ 22,058
Services revenues      
REVENUES      
Total revenues $ 1,394 $ 1,195 $ 1,232