Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 114

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 114
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 AND EQUIPMENT21,300 21,143 Accumulated depreciation(5,876)(5,361)Property and equipment, net15,424 15,782 OTHER ASSETSInvestments in unconsolidated entities2,811 2,820 Intangible assets, net1,677 1,875 Deferred tax asset1,220 1,239 Linefill968 976 Long-term operating lease right-of-use assets, net332 313 Long-term inventory280 265 Other long-term assets, net268 411 Total assets$27,756 $28,597 LIABILITIES AND PARTNERS’ CAPITALCURRENT LIABILITIESTrade accounts payable$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 amortization