Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 8

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 8
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$3,881 $3,845 Short-term debt408 446 Other current liabilities635 714 Total current liabilities4,924 5,005 LONG-TERM LIABILITIESSenior notes, net 7,141 7,242 Other long-term debt, net72 63 Long-term operating lease liabilities313 274 Other long-term liabilities and deferred credits990 1,041 Total long-term liabilities8,516 8,620 COMMITMENTS AND CONTINGENCIES (NOTE 18)PARTNERS’ CAPITALClass A shareholders (197,465,699 and 196,416,760 shares outstanding, respectively)1,351 1,548 Noncontrolling interests12,965 13,424 Total partners’ capital14,316 14,972 Total liabilities and partners’ capital$27,756 $28,597 

The accompanying notes are an integral part of these consolidated financial statements.

F-5

Table of ContentsIndex to Financial Statements

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share data)

Year Ended December 31,202420232022REVENUESProduct sales revenues$48,254 $46,974 $55,948 Services revenues1,819 1,738 1,394 Total revenues50,073 48,712 57,342 COSTS AND EXPENSESPurchases and related costs45,560 44,531 53,176 Field operating costs1,768 1,425 1,315 General and administrative expenses387 356 330 Depreciation and amortization1,026 1,051 968 (Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7)160 (152)269 Total costs and expenses48,901 47,211 56,058 OPERATING INCOME1,172 1,501 1,284 OTHER INCOME/(EXPENSE)Equity earnings in unconsolidated entities452 369 403 Gain on investments in unconsolidated entities, net (Note 7, Note 8)15 28 346 Interest expense (net of capitalized interest of $9, $10 and $5, respectively)(382)(386)(405)Other